Solar energy Growth in India.

India's solar energy sector has been growing rapidly, with the country adding record amounts of solar capacity in recent years:

Some facts about india's progress on solar energy

Capacity additions

In 2021, India added 10 gigawatts (GW) of solar capacity, a 200% year-on-year increase. In the first quarter of 2024, India added over 10 GW of solar capacity, a 400% year-on-year increase.

Installed capacity

As of September 2024, India's installed solar energy capacity was 90.76 GW, a 30-fold increase in the last nine years.

Global ranking

India ranks fifth in solar power capacity globally.

Solar potential

The National Institute of Solar Energy (NISE) estimates India's solar energy potential to be 748 GWp.

India's solar energy growth is driven by a number of factors, including:

  • Government initiatives: The government has a 25-year vision to generate 85% of the country's power from renewable and green energy sources.

  • Technological advancements: Technological advancements are increasing efficiency and reducing costs.

  • Falling module prices: Falling module prices have allowed developers to import modules at lower costs.