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India continues to be a photo voltaic and wind powerhouse, no pun meant. Actually, its solar energy installations have completely soared this 12 months. In comparison with the primary three quarters of 2023, newly put in solar energy capability within the first three quarters of 2024 was up 106%. New wind energy capability was up 15%.
In whole, 17,444 megawatts (or 17.444 gigawatts) of solar energy capability was put in throughout the three quarters, whereas 2,627 megawatts (MW) of wind energy capability had been put in. By way of the solar energy capability, India had by no means put in this a lot within the first 9 months of the 12 months.
Whole cumulative installations of renewable vitality rose to 201.46 gigawatts (GW) on the finish of September. Solar energy accounts for 45% of that.
By way of new solar energy and wind energy capability throughout the primary 9 months, the cut up was as follows:
- Utility-scale photo voltaic: 13.2 GW — 160.9% greater than in January–September 2023.
- “This surge can be attributed to the government’s initiative to issue bids for 50 GW of RE capacity annually over the next five years. This initiative has strengthened the market, providing stability for both public sector undertakings (PSUs) and private companies,” JMK Research writes. “In the first nine months of 2024, Rajasthan leads with 4.96 GW capacity, followed by Gujarat with 3.13 GW and Tamil Nadu with 1.57 GW.”
- Rooftop photo voltaic (on grid): 3.2 GW — 7.3% greater than in January–September 2023.
- “The increase can be attributed to the launch of the PM Surya Ghar: Free Electricity Scheme. This initiative encourages the installation of rooftop solar in the C&I segment, as well as government buildings.”
- Off-grid photo voltaic: 1.035 GW — 2½ instances greater than in January–September 2023.
- Wind energy: 2.6 GW — 14.8% greater than in January–September 2023.
- “Gujarat (985 MW), Karnataka (968 MW) and Tamil Nadu (613 MW) accounted for about 97% of the new wind capacity added during this period.”
Naturally, India is anticipated to attain a brand new file for solar energy capability put in in a 12 months, and is projected to surpass the 20 GW barrier within the course of. Total, the story is that one of many largest nations on this planet has amped up its renewable vitality deployment in 2024. Excellent news!
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