As per the Mercom Report, India accelerated solar installations by a record 210 per cent to 10 GW during 2021. Read this blog to know more about India's efforts toward the solar power ecosystem.
India had set a target of enormously installing 40 GW rooftop solar energy capacity by 2022. As per the report by Mercom, Installation of solar capacity in the country jumped by a record 210 per cent to 10 gigawatts in 2021. This makes approximately 62% of the total power capacity added in 2021. The report also stated the contribution of utility-scale projects which accounted for around 83% of total installations in the year 2021. Digging down deeper into the insights, This blog covers various aspects of India’s solar ecosystem and space in 2022.
The Government of India has aimed to install 75 GW of sustainable energy capacity by the year 2022. It includes 100 GW from solar, 60 GW from wind, 10 GW from bio-power sources and 5 GW from small hydro-power plants.
Karnataka, the southwestern state, is highly enlisted in India's list of states producing solar energy. With a total equipped solar power capacity of about 7,100MW.
As of 31 March 2022, The national electric grid of India has an installed capacity of 399.467 GW. Sustainable power plants, which also include large hydroelectric plants, constitute 39.2% of the total equipped capacity.
India has now exceeded 50 GW of accurate installed solar capacity, as of 28 February 2022. This is a turning point in India's journey towards generating 500 GW from sustainable energy by 2030, of which 300 GW is expected to come from solar power.
The total Power Generating Capacity (utilities & non-utilities) has risen from a meagre 1362 MW in 1947 to about 448.11 GW at the end of March 2021. The Per Capita Electricity Utilisation which was a mere 16.3 units in 1947, will rise to 1208 units in 2021-22.
In 2022, 1.7 GW of rooftop solar capacity was affixed. Open access solar installations grew 222 per cent in 2022 compared to the prior year, making it the second-best year on record.
Open access solar installations grew 222 per cent in 2022 compared to the previous year.
The Indian sustainable energy sector is the fourth most appealing sustainable energy market in the world. India was placed fourth in wind power, fifth in solar power and fourth in sustainable power installed capacity, as of 2020.
A report, collectively composed by two energy-research firms- JMK research and Analytics and the Institute for Energy Economics and Financial Analysis-says India will lose its 2022 target of introducing 100 gigawatts (gw) of solar power capacity. Considering solar lagging behind, the authors say.
The World Bank Group is moving forward to help India supply its unmatched programs to measure up solar energy, from introducing solar panels on rooftops to setting up enormous solar parks. This will shoot India to the limelight in the global attempt to bring electricity to all, alleviate the outcomes of climate change, and raise the country on a path to transform India of the future.
Revealing its bold originality, India promised that it would deduce at least 40% of its energy necessities from sustainable sources by 2030. This includes programs for the advancement of 100 GW of solar energy by 2022, a very progressive purpose considering the world’s installed solar power capacity in 2014 was 181 GW.
Recently, the Solar power capacity of India has increased by more than 11 times in the last five years from 2.6 GW in March 2014 to 30 GW in July 2019. This jump signifies India's efforts toward increasing its dependency on renewable energy.