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India continues to be a photo voltaic and wind powerhouse, no pun meant. In reality, its solar energy installations have completely soared this yr. 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 complete, 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 have 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 yr.
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 break up was as follows:
- Utility-scale photo voltaic: 13.2 GW — 160.9% greater than in January–September 2023.
- “This surge will be attributed to the federal government’s initiative to difficulty bids for 50 GW of RE capability yearly over the following 5 years. This initiative has strengthened the market, offering stability for each public sector undertakings (PSUs) and personal firms,” JMK Analysis writes. “Within the first 9 months of 2024, Rajasthan leads with 4.96 GW capability, adopted 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 rise will be attributed to the launch of the PM Surya Ghar: Muft Bijli Yojana. This initiative encourages the set up of rooftop photo voltaic within the C&I phase, in addition to authorities 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 brand new wind capability added throughout this era.”
Naturally, India is anticipated to attain a brand new document for solar energy capability put in in a yr, and is projected to surpass the 20 GW barrier within the course of. Total, the story is that one of many largest international locations on the earth has amped up its renewable vitality deployment in 2024. Excellent news!
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