India’s Impressive Growth in Solar and Wind Energy for 2024
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A Surge in Renewable Energy Installations
This year has witnessed an exceptional rise in India’s renewable energy sector, particularly in solar and wind power. Recent data reveals that the installation of solar power capacity doubled, showing a remarkable increase of 106% during the initial three quarters of 2024 compared to the same period last year. Additionally, wind energy installations saw a growth of 15%.
Specifically, India added an impressive total of 17,444 megawatts (MW) or approximately 17.44 gigawatts (GW) of new solar capacity and contributed another 2,627 MW to its wind power infrastructure—marking an unprecedented achievement for solar installations over any nine-month timeframe.
As of September this year, India’s cumulative renewable energy capacity reached a staggering total of 201.46 gigawatts (GW), with solar accounting for about 45% of this figure.
Distribution Among Solar and Wind Power Sources
The breakdown for new additions over the first nine months is categorized as follows:
- Utility-scale Solar: A staggering addition of 13.2 GW, indicating a striking 160.9% increase compared to January–September 2023.
- Sustainable Policy Initiatives: This robust rise can be linked directly to government efforts promoting bids for 50 GW worth of renewable capacity each year over the next five years—a move that enhances market stability across both public enterprises and private sectors as reported by JMK Research. For instance, Rajasthan emerged at the forefront with 4.96 GW, while Gujarat added 3.13 GW and Tamil Nadu contributed 1.57 GW.
- Rooftop Solar Installations: Accounts for 3.2 GW, which marks a minor uptick at 7.3% higher than last year’s figures due largely to schemes such as PM Surya Ghar: Muft Bijli Yojana aimed at increasing rooftops setting throughout commercial buildings and government facilities.
- Pioneering Off-grid Solutions: Saw substantial growth with contributions totaling 1.035 GW, representing a notable increase more than two-fold since early last year.
- Total Wind Capacity Added: Reached around 2.
6 GW
, reflecting an advancement greater than previous expectations by about 14½%. Major contributors included Gujarat (985 MW), Karnataka (968 MW) ,and Tamil Nadu (613 MW) which collectively account for nearly all newly established wind power capacities during this time frame.
Paving The Way Forward
The significant progress made therefore exemplifies not just advancements towards cleaner energy but also reflects well-planned governmental initiatives designed actively drive forward India’s sustainable development goals through enhanced innovation within its burgeoning renewables sector going ahead into future project phases!
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