India's solar surge: A look at ambitious plans, actual progress, and funding trends

-

The period from 2013 to 2022 witnessed significant growth in India’s solar energy capacity, with production surging from 1.60 GW in 2013 to 63.15 GW in 2022....




In Short

  • India's solar capacity increased from 1.60 GW in 2013 to 63.15 GW in 2022
  • 51 solar parks with a total capacity of 37.74 GW sanctioned across India by 2023
PM Modi predicts significant growth in India's solar energy securing his address at the India Today Conclave, Prime Minister Narendra Modi outlined ambitious plans for the next five years, particularly in solar energy. He expressed confidence that India's solar energy capacity would reach unprecedented levels in the coming years. But is that assertion grounded in reality?

India Today’s Data Intelligence Unit analysed the data and found that between 2013 and 2022, there was significant growth in India’s solar energy capacity. Starting from 1.60 GW in 2013, the country's maximum net generating capacity steadily rose, reaching 63.15 GW by 2022.
 
     Globally, India has emerged as a significant player in renewable energy, ranking fourth in total renewable power capacity additions and fifth in solar power capacity. From 2014 to 2024, India also saw an expansion in its installed capacity for energy generation, increasing from 3.74 GW in FY 2014-15 to 74.31 GW in FY 2023-24 (till January). India has a projected target of achieving 500 GW of installed capacity from non-fossil fuel sources by 2030.
     A total of 51 solar parks were sanctioned across various states in India, with a combined capacity of 37.74 GW by 2023. Among these, Gujarat emerged at the forefront with seven sanctioned parks, amassing 12.15 GW in sanctioned capacity, notwithstanding its high allocation. Yet, the commissioned projects amounted to only 0.9 GW.

“Sanctioned capacity” denotes the maximum power generation capacity officially endorsed or authorised for a specific project or initiative, while “projects commissioned” refers to the operational portion of the sanctioned capacity successfully executed and currently functioning.


Contact for more details:- +91 9111253999, 8989123813


Location: Indore, Madhya Pradesh, India

Comments

Post a Comment

Popular posts from this blog

Illuminating the Path to a Sustainable Tomorrow: Harnessing Solar Power in Everyday Life

-
Image
 In a world where environmental consciousness is becoming increasingly paramount, the quest for sustainable solutions has never been more urgent. Among the myriad of renewable energy options, solar power emerges as a beacon of hope, offering a pathway to a brighter, greener future. As we navigate towards a more sustainable tomorrow, embracing solar energy not only aligns with our ethical responsibilities but also presents a myriad of practical benefits for individuals and communities alike. Solar energy, often hailed as nature's gift , possesses a remarkable ability to harness the boundless power of the sun and convert it into electricity without emitting harmful greenhouse gases. Unlike fossil fuels, whose extraction and combustion contribute significantly to environmental degradation and climate change, solar power offers a clean and renewable alternative that holds immense potential to mitigate our carbon footprint and usher in a new era of sustainable living. At the forefront o
Read more

Illuminating the Future: Clean and Sustainable Energy Generation with Indore Sunlight

-
Image
In a world that's increasingly looking towards sustainable solutions, the role of clean energy in our daily lives cannot be overstated. Among the various renewable energy sources, solar power stands out as a beacon of hope for a brighter, greener future. Indore Sunlight, a leading solar energy company in the heart of Indore. The Solar Advantage Solar energy is a gift from nature that keeps on giving. It's abundant, renewable, and, most importantly, clean. By converting sunlight into electricity, solar panels produce power without emitting harmful greenhouse gases. Indore Sunlight: A Solar Pioneer Indore Sunlight is not just a company; it's a force of nature in the world of clean energy. Their commitment to sustainable practices and innovative solar solutions is nothing short of commendable. They offer a wide range of solar products and services, making it accessible for homeowners, businesses, and institutions to embrace the power of the sun. Green Living, Bright Future Ind
Read more

भारत शिखर सम्मान पुरस्कार: इंदौर सनलाइट की प्रतिष्ठित पहचान

-
Image
भारत शिखर सम्मान पुरस्कार: इंदौर सनलाइट की प्रतिष्ठित पहचान इंदौर सनलाइट, नवाचार और उत्कृष्टता का प्रतीक, को हाल ही में प्रतिष्ठित भारत शिखर सम्मान पुरस्कार से सम्मानित किया गया है। यह पुरस्कार न केवल कंपनी के अद्वितीय योगदान की पुष्टि करता है, बल्कि सफलता और स्थिरता के नए मानक स्थापित करने की इंदौर सनलाइट की उल्लेखनीय यात्रा को भी दर्शाता है। उद्योग में एक दृष्टिकोण: इंदौर सनलाइट नवीकरणीय ऊर्जा क्षेत्र में क्रांति लाने के मिशन के साथ स्थापित, इंदौर सनलाइट ने हमेशा उत्कृष्टता, नवाचार और पर्यावरणीय प्रबंधन के प्रति अपनी प्रतिबद्धता दिखाई है। कंपनी के मुख्य मूल्य इसके विभिन्न पहलों और परियोजनाओं में परिलक्षित होते हैं, जो सौर ऊर्जा की शक्ति का उपयोग करके एक हरित भविष्य के लिए स्थायी समाधान प्रदान करने का लक्ष्य रखते हैं। भारत शिखर सम्मान पुरस्कार भारत शिखर सम्मान पुरस्कार व्यक्तियों और संगठनों को उनके विभिन्न क्षेत्रों में उत्कृष्ट योगदान के लिए दिया जाने वाला एक प्रमुख सम्मान है। यह पुरस्कार उन उत्कृष्ट उपलब्धियों को मान्यता देता है जो प्रेरित करती हैं और आने वाली पीढ़ियों के लिए एक मिस
Read more