Solar Installed Capacity Surges Over 25 Times: Economic Survey
POWER & RENEWABLE ENERGY

Solar Installed Capacity Surges Over 25 Times: Economic Survey

According to the Economic Survey, India's solar installed capacity has increased more than 25 times from 2014 to 2023. This dramatic growth underscores the country's commitment to enhancing its renewable energy infrastructure and reducing dependence on fossil fuels.

In 2014, India's solar capacity was relatively modest, but significant policy support and investments have fueled a rapid expansion. The surge in installations reflects India's strategic push towards meeting its ambitious renewable energy targets and addressing climate change challenges.

The expansion of solar power capacity is a key component of India's broader energy transition strategy, aimed at increasing the share of clean energy in the national grid and improving environmental sustainability. This growth is expected to continue as India accelerates its efforts to meet both domestic and international climate commitments.

The Economic Survey highlights this achievement as a testament to India's progress in renewable energy and its ongoing efforts to build a more sustainable and resilient energy system. The increase in solar capacity not only supports India's green energy goals but also contributes to global efforts to combat climate change.

According to the Economic Survey, India's solar installed capacity has increased more than 25 times from 2014 to 2023. This dramatic growth underscores the country's commitment to enhancing its renewable energy infrastructure and reducing dependence on fossil fuels. In 2014, India's solar capacity was relatively modest, but significant policy support and investments have fueled a rapid expansion. The surge in installations reflects India's strategic push towards meeting its ambitious renewable energy targets and addressing climate change challenges. The expansion of solar power capacity is a key component of India's broader energy transition strategy, aimed at increasing the share of clean energy in the national grid and improving environmental sustainability. This growth is expected to continue as India accelerates its efforts to meet both domestic and international climate commitments. The Economic Survey highlights this achievement as a testament to India's progress in renewable energy and its ongoing efforts to build a more sustainable and resilient energy system. The increase in solar capacity not only supports India's green energy goals but also contributes to global efforts to combat climate change.

Next Story
Technology

AirBrick Infra Sets Rs 1 billion Target, Expands to Dubai and Tier-II Cities

AirBrick Infra, one of India’s fastest-growing AI-led commercial interior design and build firms, has announced a sales order target of Rs 1 billion for FY 2025–26. The projection represents a 50 per cent growth over the previous fiscal year and reflects rising demand, increased repeat business, and the company's robust tech-first delivery model.  Now in its third year of operations, AirBrick continues its rapid scale-up, having successfully delivered over 70 projects spanning 3 lakh sq ft in FY 2023–24. FY 2024–25 witnessed the onboarding of several Fortune 500 clients, sett..

Next Story
Resources

Virtusa Foundation Powers Green Education Drive in Bengaluru

The Virtusa Foundation, CSR arm of digital engineering and technology leader Virtusa Corporation, has announced key infrastructure and mobility initiatives at the Ramakrishna Mission, Shivanahalli, Bengaluru. The launch marks the inauguration of a 16-room residential facility for lady teachers and the deployment of two solar-powered electric buses, underscoring Virtusa’s commitment to its core pillars of Education, Environment and Empowerment (3Es).  Located on the forest fringe near Bannerghatta National Park, the initiative supports tribal and underserved communities, complementi..

Next Story
Infrastructure Urban

Godrej Enterprises Drives India’s Smart Green Logistics Shift

As India accelerates its transformation into a global manufacturing and logistics hub, Godrej Enterprises Group (GEG) is taking the lead with its smart, sustainable intralogistics solutions. Through its Material Handling Equipment (MHE) and Storage Solutions businesses, GEG is redefining operational efficiency in modern warehouses and factories using IoT, automation, and AI. GEG has consistently maintained a 20–25 per cent market share in the intralogistics sector over the past three years. Today, over 37 per cent of GEG’s revenues come from its Good & Green portfolio, and its net..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?