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Concept
Solar power in India
Summary
Solar power is a fast developing industry in India.
The country's solar installed capacity was 70.01 GWAC as of 30 June 2023.
Solar power generation in India ranks fourth globally in 2021.
In FY2023-24, India is planning to issue 40 GW tenders for solar and hybrid projects. India has established nearly 42 solar parks to make land available to the promoters of solar plants.
During 2010–19, the foreign capital invested in India on Solar power projects was nearly 20.7 billion US$.
The International Solar Alliance (ISA), proposed by India as a founder member, is headquartered in India. India has also put forward the concept of "One Sun One World One Grid" and "World Solar Bank" to harness abundant solar power on a global scale.
The Indian Government had an initial target of 20 GW capacity for 2022, which was achieved four years ahead of schedule. In 2015 the target was raised to 100 GW of solar capacity (including 40 GW from rooftop solar) by 2022, targeting an investment of 100 billion. The target was widely missed by 40,000 MW shortfall due to poor performance in rooftop sector.
Rooftop solar power accounts for 2.1 GW in 2018, of which 70% is industrial or commercial. In addition to its large-scale grid-connected solar photovoltaic (PV) initiative, India is developing off-grid solar power for local energy needs. Solar products have increasingly helped to meet rural needs; by the end of 2015 just under one million solar lanterns were sold in the country, reducing the need for kerosene. That year, solar home lighting systems were installed and 46,655 solar street lighting installations were provided under a national programme; just over 1.4 million (1.4 million) solar cookers were distributed in India.
With about 300 clear and sunny days in a year, the calculated solar energy incidence on India's land area is about 5,000 trillion kilowatt-hours (kWh) per year (or 5 EWh/yr). The solar energy available in a single year exceeds the possible energy output of all of the fossil fuel energy reserves in India.
Official source
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