Solar Power in India

Oct 16, 2023 | Blog

Solar is one of the cleanest sources of Power as it does not involve any combustion or chemical reaction. With its abundant sunlight, increasing energy requirement and a commitment to enhance the share of renewable energy, India has emerged as a Global Leader in the adoption of Solar Power.

India gets one of the highest solar radiation throughout the year due to its geographical location, which makes the generation of solar power most viable, and hence India, in recent years, supported by the Government’s ambitious initiative, has made substantial progress in this sector.

Due to environmental benefits, Solar Power is becoming the most formidable alternative to fossil fuels. This will reduce India’s dependence on foreign energy sources, thereby ensuring energy security and independence, as well as contributing to India’s commitment to the Paris Agreement and its goal of reducing carbon emissions.

Key challenges are Land availability, grid integration and storage capacity, which can be overcome by concerted efforts by the Government, Private Sector and International Collaboration. Present Installed power generation capacity in India is 416 GW, out of which fossil fuels constitute 58% and renewable energy 42%. The present installed capacity of solar is 67 GW (16%), and India has taken an ambitious target of increasing this to 450 GW, almost seven times by 2030. This provides a great opportunity for all the participants in the entire solar power value chain.