Indian power solar power generation technology

How much solar power has India generated in fy24?

India has generated 75.57 BU of solar power in the first eleven months of FY24. Power generation from renewable energy sources (not including hydro) stood at 22.41 billion units (BU) in January 2024, down from 25.79 BU in January 2023. India added a record 18.48 GW of renewable energy capacity in 2023-24, a 21% increase over the previous year.

Why is solar power important in India?

About 5,000 trillion kWh per year energy is incident over India’s land area with most parts receiving 4-7 kWh per sqm per day. Solar photovoltaic power can effectively be harnessed providing huge scalability in India. Solar also provides the ability to generate power on a distributed basis and enables rapid capacity addition with short lead times.

Could solar power save India?

Prime Minister Narendra Modi has set a goal to generate 450 gigawatts of renewable energy by 2030 – five times the current capacity. If achieved, it also means that India would generate 60% of its electricity from non-fossil fuel sources by 2030, well beyond the 40% target in its Paris pledge. Solar could be India’s salvation.

How has solar power impacted India?

(Express Photo: Ganesh Shirsekar, File) Solar photovoltaics (PV) has driven India’s push towards the adoption of cleaner energy generation technologies. From less than 10 MW in 2010, India has added significant PV capacity over the past decade, achieving over 50 GW by 2022.

Will solar power match coal in India?

Solar power is set for explosive growth in India, matching coal’s share in the Indian power generation mix within two decades in the STEPS – or even sooner in the Sustainable Development Scenario. As things stand, solar accounts for less than 4% of India’s electricity generation, and coal close to 70%.

How much solar power does India have?

From less than 10 MW in 2010, India has added significant photovoltaics capacity over the past decade, achieving over 50 GW by 2022. India's current solar module manufacturing capacity is limited to ~15 GW per year. (Express Photo: Ganesh Shirsekar, File)