India's solar output growth slows; coal power rises in H1 2024
POWER & RENEWABLE ENERGY

India's solar output growth slows; coal power rises in H1 2024

India's solar power generation experienced its slowest growth in six years during the first half of 2024, according to data from the federal grid regulator. In contrast, the country increased its reliance on coal to meet rising power demand.

Electricity generated from coal rose by 10.4% in the first half of 2024, outpacing the overall power generation growth of 9.7%, as shown by daily load despatch data from Grid-India.

Solar power generation increased to 63.6 billion kilowatt-hours (kWh) in the first half of 2024, up 14.7% from the same period last year. This growth rate is significantly lower than the 18.5% increase seen in 2023.

Coal's share in power output rose to 77.1% in the first half of 2024, compared to 76.6% in the same period last year, marking the fourth consecutive year of increase. India, the world's third-largest producer of solar electricity, has prioritized coal to cope with surging power demand. This trend aligns with regional patterns, as countries like Indonesia, the Philippines, Vietnam, and Bangladesh have also ramped up coal use for cost-effective power generation.

India anticipates the fastest growth in total electricity generation in over a decade for the fiscal year ending March 2025. This growth is expected to be driven primarily by an 8.9% increase in coal-fired power output, surpassing the 8.2% growth forecast for renewable energy.

Analysts predict a faster growth rate for renewable energy starting next fiscal year, as the tendering and commissioning of green energy projects gain momentum. Moody?s unit ICRA forecasts renewable energy installations to increase by over a third to 25 gigawatts (GW) in the fiscal year ending March 2025.

(Source: Moneycontrol)

India's solar power generation experienced its slowest growth in six years during the first half of 2024, according to data from the federal grid regulator. In contrast, the country increased its reliance on coal to meet rising power demand. Electricity generated from coal rose by 10.4% in the first half of 2024, outpacing the overall power generation growth of 9.7%, as shown by daily load despatch data from Grid-India. Solar power generation increased to 63.6 billion kilowatt-hours (kWh) in the first half of 2024, up 14.7% from the same period last year. This growth rate is significantly lower than the 18.5% increase seen in 2023. Coal's share in power output rose to 77.1% in the first half of 2024, compared to 76.6% in the same period last year, marking the fourth consecutive year of increase. India, the world's third-largest producer of solar electricity, has prioritized coal to cope with surging power demand. This trend aligns with regional patterns, as countries like Indonesia, the Philippines, Vietnam, and Bangladesh have also ramped up coal use for cost-effective power generation. India anticipates the fastest growth in total electricity generation in over a decade for the fiscal year ending March 2025. This growth is expected to be driven primarily by an 8.9% increase in coal-fired power output, surpassing the 8.2% growth forecast for renewable energy. Analysts predict a faster growth rate for renewable energy starting next fiscal year, as the tendering and commissioning of green energy projects gain momentum. Moody?s unit ICRA forecasts renewable energy installations to increase by over a third to 25 gigawatts (GW) in the fiscal year ending March 2025. (Source: Moneycontrol)

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Sabarmati Riverfront Two Plots Up for Auction at Rs2.24 bn Base Price

Two commercial plots on the western bank of the Sabarmati Riverfront will be auctioned with a base price of Rs 112 crore each, equivalent to Rs 1.12 bn apiece and Rs 2.24 billion in total. The parcels are located adjacent to the Metro Rail Bridge in Ahmedabad and form the first commercial offering after a prolonged pause. The Riverfront Development Corporation has framed the sale as part of a phased commercial release to revive development along the riverfront. The combined base valuation has been set by the corporation to reflect market rates along the riverfront. The corporation has fixed a ..

Next Story
Infrastructure Urban

Andhra Pradesh to Connect Over One Million Streetlights

Andhra Pradesh will undertake a statewide smart streetlighting programme across all 123 Urban Local Bodies (ULBs), bringing around 1.05 million (mn) streetlights under an AI enabled monitoring and management system. The programme will be implemented by Energy Efficiency Services Limited (EESL) with the Commissioner and Director of Municipal Administration under the state Municipal Administration and Urban Development Department. The project aims to convert conventional streetlighting into a digitally managed municipal service monitored and maintained remotely. The initial phase will cover abou..

Next Story
Infrastructure Urban

AMC To Procure Four Machines For Guard Rail Cleaning

Ahmedabad Municipal Corporation will introduce four specialised machines for cleaning guard railings along major roads and the central verges of BRTS and Metro corridors. The civic body plans to replace manual labour with mechanised cleaning to improve maintenance of road infrastructure and greenery. The purchase is estimated at Rs 82.8 million (mn), excluding GST. The proposal sets the base price of each machine at about Rs 20.7 million (mn) so four units total Rs 82.8 million (mn) before GST. 18 per cent GST will be applicable separately. During the warranty period each machine will operate ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement