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Tender: 47.49 GW solar capacity in progress

Fiinews by Fiinews
February 9, 2025
in Tenders
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60 GW modules manufacture in India in 2024

India has 47.49 GW solar capacity under tendering while 84.10 GW capacity was under implementation, MNRE Minister Pralhad Joshi said in an industry update on 7 Feb https://mnre.gov.in/.

The country’s hybrid and round-the-clock (RTC) renewable energy projects are also advancing rapidly, with 64.67 GW under implementation and tendered, bringing the grand total of solar and hybrid projects to 296.59 GW, said the Minister.

Overall, India’s solar power sector has witnessed an extraordinary 3,450% increase in capacity over the past decade, rising from 2.82 GW in 2014 to 100.33 GW as of 31 Jan 2025, said Joshi https://ted.europa.eu/en/.

The country has achieved 100+ GW of installed solar power capacity, a testament to the nation’s commitment to a cleaner and greener, and for realizing its ambitious target of 500 GW of non-fossil fuel-based energy capacity by 2030.

The Indian solar manufacturing industry produced 60 GW modules last year and is on track to achieve a solar module production capacity of 100 GW by 2030, supported by the Government policy support https://www.indiansma.in/.

The Ministry of New and Renewable Energy (MNRE) has been implementing key initiatives to scale up renewable energy capacity in the country, and the 100 GW milestone will ensure clean, sustainable, and affordable energy access for millions while shaping a self-reliant energy future https://www.conexpoconagg.com/.

Solar energy remains the dominant contributor to India’s renewable energy growth, accounting for 47% of the total installed renewable energy capacity http://isolaralliance.org.

In 2024, a record-breaking 24.5 GW of solar capacity was added reflecting a more than two-fold increase in solar installations compared to 2023.

Last year also saw the installation of 18.5 GW of utility-scale solar capacity, a nearly 2.8 times increase compared to 2023. Rajasthan, Gujarat, Tamil Nadu, Maharashtra and Madhya Pradesh are among the top-performing states, contributing significantly to India’s total utility-scale solar installations https://www.makeinindia.com/home/.

The rooftop solar sector in India witnessed remarkable growth in 2024, with 4.59 GW of new capacity installed, reflecting a 53% increase compared to 2023.

A key driver of this growth has been the PM Surya Ghar: Muft Bijli Yojana, launched in 2024, which is now nearing 9 lakh rooftop solar installations, enabling households across the country to embrace clean energy solutions. Fiinews.com

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Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

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