Use of solar energy in india

Why is solar power important in India?

About 5,000 trillion kWh per year energy is incident over India’s land area with most parts receiving 4-7 kWh per sqm per day. Solar photovoltaic power can effectively be harnessed providing huge scalability in India. Solar also provides the ability to generate power on a distributed basis and enables rapid capacity addition with short lead times.

How much solar power does India have?

India's solar power installed capacity was 90.76 GW AC as of 30 September 2024. [ 1 ] India is the third largest producer of solar power globally. [ 2 ] During 2010–19, the foreign capital invested in India on Solar power projects was nearly US$20.7 billion. [ 3 ]

Does India have a solar power surge?

Solar Power Surge: In a recent announcement, the Union Minister for New & Renewable Energy and Power disclosed a remarkable surge in India’s solar power capacity.

Why is India focusing more on solar power?

Solar power is an avenue that India is yet to explore in order to expand its energy sources. Hence, the Indian Government has chosen to emphasize more on solar power. This is probably because hydropower is relatively well developed and well-established in India. Moreover, it requires a large amount of capital expenditure as compared to solar power.

Why is India increasing its solar power capacity under National Solar Mission?

This significant increase underscores India’s steadfast commitment to expanding its renewable energy portfolio and reducing dependence on traditional fossil fuels. The details of state-wise installation of solar power capacity under the National Solar Mission, is given below. State-wise installed capacity of Solar Power (as on 31.12.2023)

Is India's solar power sector a Sunshine opportunity?

India’s solar power sector is a sunshine opportunity waiting to be tapped with estimated potential of 7,48,990 MW. From job creation to fostering innovation and more, the solar power market is key to India’s economic development & energy transition.