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. History 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 sola
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