India Ranks Third Globally in Solar Power Generation
India generated 113 billion units (BU) of solar power in 2023 compared to Japan’s 110 BU.
May 22, 2024. By Anurima Mondal
With installed capacity rising from just over 21,000 MW in 2018 to more than 70,000 MW in November 2023, India has made unprecedented progress in the field of solar energy installation. Meanwhile, as per the Ministry of New & Renewable Energy’s (MNRE) latest data, India’s installed solar capacity is 82637.86 (as of April 30, 2024).
“The record global increase in solar generation was in large part driven by China, which saw an increase of 156 TWh (+37%),” stated the report.
“Major year-on-year increases in solar generation were also seen in the United States (+33 TWh, +16%), Brazil (+22 TWh,+72%) and India (+18 TWh, +19%). Brazil nearly doubled solar generation due to new regulations and feed-in tariffs. Together the top four solar growth countries accounted for 75 percent of growth in 2023,” it added.
India’s ambitious target of 500 GW of installed capacity from non-fossil fuels by 2030 is the main driver to scale solar energy. While the country has solar potential of 748.99 GW, it has not yet been fully tapped. The government is making efforts to harness the available potential through various schemes.
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