+
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)

Next Story
Resources

Haworth India Hosts Women’s Leadership Panel Series

Haworth India marked International Women’s Day by hosting a leadership roundtable series titled ‘Give to Gain’, bringing together senior women leaders from architecture and design firms, corporates and project management consultancies. The series has been conducted in Delhi and Mumbai, with upcoming sessions scheduled in Bengaluru and Hyderabad on 27 March 2026. Structured as moderated panel discussions followed by audience interaction, the initiative examined the business impact of women’s leadership and the role of inclusive workplaces in supporting professional growth. Manish Khan..

Next Story
Real Estate

Max Estates Secures RERA For Max One Project

Max Estates has secured RERA approval (UPRERA No.: UPRERAPRJ9759) for its Max One development around Max Towers in Sector 16B, Noida, bringing renewed progress to a project previously stalled following the insolvency of its earlier developer. Spread across around 10 acres with an estimated development potential of about 2.5 million sq ft, Max One is planned as an integrated mixed-use campus combining serviced residences, premium offices, retail spaces and a private club. The project is expected to generate total sales potential of about Rs 20 billion along with an estimated annuity rental inc..

Next Story
Real Estate

Hindware Introduces Starc Smart Wall Mount Toilet

Hindware has introduced the Starc Smart Wall-Mount Toilet under its Hindware Italian Collection, designed to combine automation, hygiene and contemporary bathroom aesthetics. The model features automatic flushing, sensor-based seat opening and closing, and remote-controlled functions. It also includes an oscillating water spray and warm air dryer for cleaning, along with a self-cleaning nozzle designed to maintain hygiene. Additional features include adjustable heated seating, customisable water temperature and pressure settings, a foot-touch flush system and an LCD control interface. The wa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement