India’s Solar Power Revolution: Leading With 85,474.31 MW And 57.72% Of Renewable Energy By June 2024

In recent years, India has experienced a remarkable surge in solar energy adoption, driven by falling costs and advancements in photovoltaic (PV) technology. As of June 2024, India’s installed solar PV capacity stands impressively at 85,474.31 MW, representing over half of its renewable energy capacity (excluding large hydro).

In the first quarter (Q1) of the fiscal year 2024-25 alone, India added more than 3.66 GW of solar PV capacity, underscoring its commitment to expanding its renewable energy portfolio. This quarter saw a total installation of over 4.44 GW of renewable energy capacity, with solar contributing 82.4% of this figure.

A significant recent development is the reinstatement of the Approved Models and Manufacturers of Solar Photovoltaic Modules (ALMM) Order by the Ministry of New and Renewable Energy (MNRE) from April 1st, 2024. This measure aims to ensure high-quality and reliable solar installations, particularly for government-sponsored projects.

India’s total renewable capacity now stands at an impressive 148.084 GW, with solar and wind power together accounting for nearly 89.23% of this capacity. This highlights India’s leading role in the global adoption of renewable energy.

Solar energy plays a crucial role in India’s sustainable development goals and its efforts to combat climate change, offering minimal greenhouse gas emissions and significantly reducing the country’s carbon footprint. Ground-mounted solar installations alone contribute 66.52 GW of installed capacity, with an additional 2.59 GW under Hybrid Solar Components.

A notable trend is the decentralization of power generation through rooftop solar installations. Currently, India boasts 12.92 GW of solar capacity installed on rooftops of homes, businesses, and industrial buildings. This not only enhances energy security but also empowers individuals and businesses to contribute to cleaner energy production.

In rural areas with limited electricity access, solar power is transformative. Off-grid solar solutions like solar lanterns and microgrids, totaling 3.44 GW, are crucial for providing electricity to remote communities and improving living standards.

India’s success in solar energy can be attributed to a combination of government initiatives, technological advancements, and increased awareness of the benefits of renewable energy. With solar energy representing over 57.72% of India’s total renewable installed capacity, the country has emerged as a global leader in sustainability and clean energy transition.

Wind power has also seen significant growth in India, surpassing an installed capacity of 46,656.37 MW by June 2024, with an additional 769.86 MW added in Q1 of FY 2024-25. As India continues to prioritize solar power, it is poised to play a pivotal role in shaping the global renewable energy landscape and inspiring other nations to embrace the vast potential of solar energy.