India’s solar energy capacity has risen to 53,996 megawatts by the end of 2021-22.
The capacity was only 28,180 megawatts in March 2019.
According to the Union Minister of New and Renewable Energy and Power RK Singh, the solar capacity in the country increased by about 91 percent in the last three years.
It has been reported that the cumulative solar energy capacity at the end of 2019-20, 2020-21, and 2021-22 was at 34,627, 40,085, and 53,996 MW respectively.
Meanwhile, the Indian government has set a target of achieving 500 GW of installed capacity from non-fossil fuels by 2030.
India’s focus has shifted to renewable energy in recent years due to oil price shock which has threatened economies of the countries. Amid such, India has a planned investments of around USD 25 billion to produce renewable energy.
To achieve this ambitious goal of 500 GW of renewable capacity, India has come up with various programs including the adoption of electric vehicles, the production of green hydrogen, the manufacturing of solar equipment, and the development of energy storage in 2022.
So far, India has around 173 GW of clean energy capacity including 62 GW of solar, and 42 GW of wind.