India achieved 5th global position in solar power deployment by surpassing Italy.
Solar power capacity has increased by more than 11 times in the last five years from 2.6 GW in March,2014 to 30 GW in July, 2019. Presently, solar tariff in India is very competitive and has achieved grid parity.
India added a record 10 Gigawatt (GW) of solar energy to its cumulative installed capacity in 2021. This has been the highest 12-month capacity addition, recording nearly a 200% year-on-year growth. India has now surpassed 50 GW of cumulative installed solar capacity, as on 28 February 2022.
This is a milestone in India’s journey towards generating 500 GW from renewable energy by 2030, of which 300 GW is expected to come from solar power.
India’s capacity additions rank the country fifth in solar power deployment, contributing nearly 6.5% to the global cumulative capacity of 709.68 GW.
source: mnre.gov.in / Ministry of New and Renewable Energy – Solar Energy /and / thehindu.com