India surpasses 72 GW solar power milestone, led by state investments
POWER & RENEWABLE ENERGY

India surpasses 72 GW solar power milestone, led by state investments

In the Rajya Sabha, the Union Minister for New & Renewable Energy and Power, R K Singh, announced that India has successfully reached a solar power capacity of 72.02 GW. This significant achievement comprises various sources, including 55.71 GW from ground-mounted installations, 11.08 GW from rooftop installations, 2.55 GW from the solar component of hybrid projects, and 2.68 GW from off-grid solar. The minister shared this information in response to three distinct queries.

State-specific data reveals a notable surge in solar power capacity since the fiscal year 2019-20, with considerable contributions from Gujarat, Karnataka, and Rajasthan. The upswing in installations can be primarily attributed to private sector investments, facilitated through a transparent bidding process.

Moreover, the northeastern states receive additional financial support for solar power projects through the Rooftop Solar and PM-KUSUM schemes. Although the total budget allocation for solar energy in the fiscal year 2023-24 is Rs 59.1725 billion, the distribution among states is not specified.

The government has affirmed its commitment to the development of Solar Parks and Ultra Mega Solar Power Projects, with the ambitious goal of establishing at least 50 solar parks boasting a cumulative capacity of 40,000 MW. As of October 31, 2023, approvals have been granted for 50 solar parks across 12 states, with a sanctioned capacity of 37,490 MW. Out of these, 10,237 MW of solar projects have already been commissioned in 18 solar parks.

In the Rajya Sabha, the Union Minister for New & Renewable Energy and Power, R K Singh, announced that India has successfully reached a solar power capacity of 72.02 GW. This significant achievement comprises various sources, including 55.71 GW from ground-mounted installations, 11.08 GW from rooftop installations, 2.55 GW from the solar component of hybrid projects, and 2.68 GW from off-grid solar. The minister shared this information in response to three distinct queries. State-specific data reveals a notable surge in solar power capacity since the fiscal year 2019-20, with considerable contributions from Gujarat, Karnataka, and Rajasthan. The upswing in installations can be primarily attributed to private sector investments, facilitated through a transparent bidding process. Moreover, the northeastern states receive additional financial support for solar power projects through the Rooftop Solar and PM-KUSUM schemes. Although the total budget allocation for solar energy in the fiscal year 2023-24 is Rs 59.1725 billion, the distribution among states is not specified. The government has affirmed its commitment to the development of Solar Parks and Ultra Mega Solar Power Projects, with the ambitious goal of establishing at least 50 solar parks boasting a cumulative capacity of 40,000 MW. As of October 31, 2023, approvals have been granted for 50 solar parks across 12 states, with a sanctioned capacity of 37,490 MW. Out of these, 10,237 MW of solar projects have already been commissioned in 18 solar parks.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement