India’s solar capacity up by more than 12GW in 2023

Its wind capacity meanwhile grew by 2.2GW.

India added a total of 12,784 megawatts of solar capacity and 2,276MW of wind capacity between April 2022 and March 2023.

This reflected an 8% year-on-year decrease in solar installations and a significant 105%YoY jump in wind capacity, JMK Research & Analytics reported.

Data from the Ministry of New and Renewable Energy showed renewable energy cumulative installation capacity reached 125.2 gigawatts with solar power contributing 53% of the total renewables segment.

This is followed by wind energy (34%). Bio Power (9%), and small hydro (4%).

In the utility-scale solar segment, about 8GW of new capacity was added in India which is around 21% lesser than the FY2022 installations; whilst 2,232MW were added in the rooftop solar segment in FY2023, up by 1.2%, and about 836MW were added in the off-grid/distributed solar segment.

Moreover, in the wind sector, about 2.28 GW of new capacity was added in FY2023, which is 105% higher than the 1.1GW capacity in the previous year.

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JMK Research & Analytics

India Solar Power

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