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India’s solar surge: A look at ambitious plans, actual progress, and funding trends

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The period from 2013 to 2022 witnessed significant growth in India’s solar energy capacity, with production surging from 1.60 GW in 2013 to 63.15 GW in 2022….

In Short

  • India’s solar capacity increased from 1.60 GW in 2013 to 63.15 GW in 2022
  • 51 solar parks with a total capacity of 37.74 GW sanctioned across India by 2023

PM Modi predicts significant growth in India’s solar energy securing his address at the India Today Conclave, Prime Minister Narendra Modi outlined ambitious plans for the next five years, particularly in solar energy. He expressed confidence that India’s solar energy capacity would reach unprecedented levels in the coming years. But is that assertion grounded in reality?

 
India Today’s Data Intelligence Unit analysed the data and found that between 2013 and 2022, there was significant growth in India’s solar energy capacity. Starting from 1.60 GW in 2013, the country’s maximum net generating capacity steadily rose, reaching 63.15 GW by 2022.
 
     Globally, India has emerged as a significant player in renewable energy, ranking fourth in total renewable power capacity additions and fifth in solar power capacity. From 2014 to 2024, India also saw an expansion in its installed capacity for energy generation, increasing from 3.74 GW in FY 2014-15 to 74.31 GW in FY 2023-24 (till January). India has a projected target of achieving 500 GW of installed capacity from non-fossil fuel sources by 2030.
     A total of 51 solar parks were sanctioned across various states in India, with a combined capacity of 37.74 GW by 2023. Among these, Gujarat emerged at the forefront with seven sanctioned parks, amassing 12.15 GW in sanctioned capacity, notwithstanding its high allocation. Yet, the commissioned projects amounted to only 0.9 GW.
 

“Sanctioned capacity” denotes the maximum power generation capacity officially endorsed or authorised for a specific project or initiative, while “projects commissioned” refers to the operational portion of the sanctioned capacity successfully executed and currently functioning.

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