India surpasses 70 GW Solar Capacity, aims for 100 GW by 2024
POWER & RENEWABLE ENERGY

India surpasses 70 GW Solar Capacity, aims for 100 GW by 2024

India had aimed to achieve a solar energy capacity of 100 GW by the year 2024, and as of June 2023, they have successfully reached 70.10 GW. Additionally, there are on-going efforts to construct another 55.60 GW of solar capacity. Union Minister of Power and New and Renewable Energy R K Singh shared this information in a written response to Lok Sabha.

The minister clarified that the targets for renewable energy are not fixed on a state-wise basis. He assured the House that the government is actively collaborating with state governments and the private sector, implementing various schemes and policies to expedite the realisation of the solar energy target.

In response to another question, the minister highlighted the potential for recycling and reusing solar panel waste. Depending on the condition of photovoltaic (PV) modules from a solar PV plant, recycling may be considered. The decision to reuse the recycled or recovered material is based on economic value compared to virgin material, as well as the purity and quality of the recycled material.

Furthermore, in the fiscal year 2022-23, solar energy-based generation accounted for 1,02,014.24 million units (MU) out of the total power generation of 16,24,465.10 MU in the country, including power imported from Bhutan.

India had aimed to achieve a solar energy capacity of 100 GW by the year 2024, and as of June 2023, they have successfully reached 70.10 GW. Additionally, there are on-going efforts to construct another 55.60 GW of solar capacity. Union Minister of Power and New and Renewable Energy R K Singh shared this information in a written response to Lok Sabha.The minister clarified that the targets for renewable energy are not fixed on a state-wise basis. He assured the House that the government is actively collaborating with state governments and the private sector, implementing various schemes and policies to expedite the realisation of the solar energy target.In response to another question, the minister highlighted the potential for recycling and reusing solar panel waste. Depending on the condition of photovoltaic (PV) modules from a solar PV plant, recycling may be considered. The decision to reuse the recycled or recovered material is based on economic value compared to virgin material, as well as the purity and quality of the recycled material.Furthermore, in the fiscal year 2022-23, solar energy-based generation accounted for 1,02,014.24 million units (MU) out of the total power generation of 16,24,465.10 MU in the country, including power imported from Bhutan.

Next Story
Infrastructure Urban

InsideFPV Delivers ₹10 Crore Kamikaze Drone Order Under MoD’s EPR Route

InsideFPV, a Surat-based drone technology manufacturer, has successfully executed a ₹10 crore defence contract to supply indigenous kamikaze drones under the Ministry of Defence’s Emergency Procurement Route (EPR). The company completed the delivery of hundreds of FPV kamikaze drone platforms within a rapid two-month timeframe, highlighting its ability to meet urgent military procurement timelines.The supply orders were fulfilled under the emergency procurement mechanism, which is aimed at fast-tracking acquisitions for immediate operational needs. InsideFPV’s quick execution reflects it..

Next Story
Infrastructure Energy

Vedanta Resources Secures Fitch Upgrade to ‘BB-’, Best Rating Since 2015

Vedanta Resources Limited (VRL), a global player in metals, oil & gas, critical minerals, power and technology, has received a credit rating upgrade from Fitch Ratings, marking its strongest bond rating in over a decade.Fitch has raised Vedanta Resources’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘BB-’ from ‘B+’, while maintaining a Stable Outlook. The agency also upgraded VRL’s senior unsecured rating, along with the ratings of US dollar-denominated bonds issued by Vedanta Resources Finance II Plc and guaranteed by VRL, to ‘BB-’.The upgrade represents Vedan..

Next Story
Real Estate

NAREDCO NextGen NCR Chapter Launched

The NAREDCO NextGen NCR Chapter was recently launched at Excelerate 2026 in Mumbai, marking a key step towards integrating emerging real estate leaders from the National Capital Region with the national platform. The initiative aims to promote sustainable and responsible urban development through collaboration and knowledge exchange.The event brought together young developers, entrepreneurs, and professionals from across NCR, including Noida, Gurugram, Ghaziabad, Faridabad, Bhiwadi, and Meerut. Discussions focused on urban development, finance, sustainability, innovation, and policy, emphasisi..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement