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Amid the growing connection between power continuity and environmental
connections, the need for green & renewable energy solutions the Prime
Minister has launched the 'Pradhan Mantri Suryoday Yojana.' This initiative
underscores India's commitment to adopting more comprehensive eco-friendly
practices.
Historically, India has been celebrated for its rich natural resources,
reflecting a way of life where nature, humanity & consciousness are
interconnected. The use of these resources is woven into our evolutionary and
cultural legacy. Against this backdrop, India remains a land of sunshine, where
the sun is both celebrated and revered. As we confront the urgent challenge of
climate change & PM Narendra Modi clarion call for “One Sun One World One Grid”
to the global community, the sustainable use of natural resources has emerged as
a key topic in global discussions. World leaders are increasingly prioritizing
the shift toward greener energy solutions to reduce reliance on fossil fuels and
lower carbon emissions. India has gone one step ahead by forming International
Solar Alliance and launching 'Pradhan Mantri Suryoday Yojana' has increased
India’s renewable energy production to grow at a rapid pace.
In India, solar energy is the leading renewable resource for meeting energy
demands. With a geography that provides abundant sunshine, the country enjoys
more sunny days than many developed nations, receiving an estimated 5,000
trillion kilowatt-hours (kWh) of solar energy each year. Various regions in
India average daily solar irradiance of 4-7 kWh per square meter, highlighting
the considerable potential for the solar power sector and its related
industries. Government data indicates that about 41 percent of India's power
generation comes from renewable sources, with solar accounting for 16 percent of
the overall energy mix. India’s solar energy production as of June 2024 stood at
all time high of 85.5 MW up from 66.8 MW in 2023. A growth of near 18.7 MW, this
is further bond to increase by the ‘Suryoday Yojana' with a big boost to rooftop
solar.
Moving Beyond Domestic Priorities
India has not only accelerated the adoption of solar energy at home but also
recognizes the importance of collaborative global efforts. To this end, it has
led several international initiatives. A significant milestone was the launch of
the International Solar Alliance (ISA) in partnership with France during COP21
in Paris in 2015. The ISA's main goal is to provide solutions and technological
support to boost solar energy deployment in countries rich in solar resources,
particularly those located entirely or partially between the Tropic of Cancer
and the Tropic of Capricorn. The initiative aims to mobilize over a trillion
dollars in solar energy investments by 2030 and facilitate the installation of
more than 1,000 gigawatts of solar capacity worldwide.
In accordance with the government's vision, Swelect Energy, Waaree, Luminous
Power, Tata Solar, Azure Power, Premier Energies, Adani etc are
making substantial investments in solar solutions to promote sustainable growth.
Reliance is not far behind and the groundwork is almost in the final stage of
completion. In alignment with the global shift toward renewable energy,
our new products & innovations are designed to enhance solar power generation
and storage, playing a crucial role in fostering responsible and conscientious
business practices.
Transformation on the Ground
India's global efforts to prioritize solar energy are promoting international
collaboration, but it is the range of government measures that are driving real
change by integrating solar energy into everyday practices.
The ‘Suryoday Yojana' initiative highlights India's steadfast commitment to
adopting greener solutions on a larger scale on home to home basis. The scheme
aims to increase the adoption and accessibility of solar energy in the
residential sector. It will not only enhance the manufacturing of rooftop solar
panels and systems but also ease the electricity costs for low- and
middle-income households.
With an ambitious target of installing rooftop solar panels in 1.5 crore
homes, this initiative will support India's goal of ensuring uninterrupted power
supply across the country by March 2026.
Indian majors have adopted a flexible investment strategy in actively
supporting the nation’s solar energy objectives. Indian majors are committed to
creating a comprehensive solar power ecosystem for households, businesses, and
industries in India and potentially worldwide. This strategy will
strengthen India’s position as a leading provider of end-to-end solar energy
solutions on a global scale. This has also given many a new entrepreneurs taking
up franchies of the majors. One can see at least 25-30 providers in tier-2
cities & this figure may go upto 125-150 in metros and tier-1 cities.
Rooftop Solar & Energy Storage will ensure power continuity in India
Central to the goal of providing a consistent 24-hour power supply across the
nation is the recognition that continuous electricity is vital for both
livelihoods and economic development. Power outages pose a major barrier to
India's economic advancement. A survey reveals that around 60% of households
face daily power cuts, with 37% of those experiencing outages lasting over two
hours. These disruptions lead to significant personal and economic setbacks,
highlighting the critical need for dependable energy storage and backup
solutions.
Rooftop solar and energy storage present significant opportunities for India,
promoting sustainable energy generation, reducing carbon emissions, and
enhancing energy security. The country has enormous potential for rooftop solar
installations. Adani, Swelect, Waree, Tata, Luminous, Powerone, Hykon, Microtek
are some of the companies at the forefront of innovation in products and
services, transforming the landscape of sustainable energy storage and improving
the lives of millions with reliable power supply. From initial consultations to
smooth installations and thorough maintenance, they provide a wide range of
solar products and solutions that empower customers in the Residential,
Commercial, and Industrial sectors.
An independent report indicates that India has the capacity to equip over 25
crore households with 637 GW of residential rooftop solar energy.
Currently, the residential sector only utilizes just around 3.0 GW of this
potential. The expansion of rooftop solar installations will stimulate growth in
the energy storage sector, which is vital for ensuring a continuous power supply
and facilitating bi-directional electricity flow to the grid. Large Rooftop
Solar and Energy Storage Systems are complementary and essential to India's
strategy for power continuity. At present, the domestic Energy Storage Systems
(ESS) market is experiencing an 11 percent Compound Annual Growth Rate (CAGR)
and is projected to reach USD 5.27 billion by 2028. The energy storage sector is
projected to reach a potential of 190 GWh by 2025, with only 17 percent of that
capacity deployed at the grid level. By 2040, India is anticipated to become the
third-largest installer of (ESS) energy storage systems worldwide. Additionally,
the growth of rooftop solar installations will foster wider economic growth and
development across multiple sectors.
Decreasing power subsidies:
Widespread adoption of solar rooftop panels can help states decrease their
dependence on power subsidies. This shift will also contribute to improving the
financial stability of power distribution companies. Timely and efficient
implementation of rooftop solar and storage solutions can lead to national
self-sufficiency, ensuring energy security through local electricity production.
Mitigating land usage amidst rapid urbanization:
Rooftop solar and storage systems will be crucial in meeting the energy needs
of both residential and commercial sectors without the need for extra land,
transmission, or distribution lines.
Creating skilled jobs in clean energy:
The push to increase the adoption of rooftop solar systems in both urban and
rural areas of India will generate new job opportunities across the entire value
chain. There will be a strong demand for skilled workers in manufacturing,
installation, maintenance, and post-sale services. Additionally, the potential
for research and innovation in leveraging this renewable energy source will be
significant.
Enhanced grid stability and minimized transmission loss:
Shifting to distributed rooftop solar systems and storage will reduce energy
loss linked to long-distance electricity transmission. By producing power closer
to consumption points, solar energy will ease the burden on centralized power
generation and extensive distribution networks, ultimately enhancing grid
stability.
Addressing power outages:
Rooftop solar combined with energy storage systems offers an ideal solution
for backup power during grid outages. A well-designed solar power system ensures
resilience and reliability for consumers, particularly in regions prone to
blackouts or inconsistent electricity supply. This development enhances
industrial potential in remote areas of the country.
In conclusion,
India's commitment to a sustainable future is reflected in its emphasis on
solar power. Initiatives such as the Pradhan Mantri Suryoday Yojana and
international partnerships like the International Solar Alliance demonstrate the
country's proactive embrace of solar energy.
India’s approach aligns with the vision of investing in solar solutions to
contribute in building a comprehensive solar power ecosystem. The integration of
rooftop solar and energy storage not only ensures an uninterrupted power supply
but also tackles challenges such as reducing carbon emissions, creating jobs,
and fostering economic growth.
This collective effort establishes India as a key player in the global clean
energy landscape, moving towards energy security, economic self-sufficiency, and
environmental sustainability.
The solar energy generation in terms of installed Solar PV Power Generations
Systems have been listed. However potential in a specific area can be assessed
based on factors like availability of land, solar radiation etc.
The National Institute of Solar Energy (NISE), an apex institute of Ministry
of New & Renewable Energy (MNRE), has estimated the potential of solar power in
the country to be around 775 Gwp.
India has just reached an aggregate installed capacity of grid-interactive
solar energy at 85.47 GW as of 30th June, 2024.
The top ten states in terms of the installed power generation in India along
with their installed s potential of power generation capacity on 31st
March 2024 are as follows :
Rajasthan
As of June 30, 2024, Rajasthan has indeed secured the top position among
Indian states with the largest installed grid-connected solar energy generation
capacity, reaching 22.41 GW. This marks a significant increase from
approximately 17.05 GW as of March 31, 2023. This growth highlights Rajasthan's
commitment to renewable energy and its favorable conditions for solar power
generation, including abundant sunlight and vast land availability. This
progress is crucial for India's overall renewable energy targets and efforts to
combat climate change.
Thanks to the completion of the Bhadla Solar Park in Jodhpur, which spans 56
acres, Rajasthan now boasts the third-largest solar plant in the world.
Additionally, J K Lakshmi Cement's Udaipur Unit (UCWL) has launched a 1 MWh
floating solar plant, the first of its kind in the state, which saves
approximately 4.4 million liters of water. This innovative project showcases the
potential of renewable energy solutions in addressing environmental challenges.
Recently, Rajasthan has adopted a more ambitious solar expansion plan,
positioning itself as a crucial player in India's national target of achieving
125 GW of solar capacity by 2025. As the leading state in solar energy
production, it boasts an impressive aggregate solar power potential of 142.31
GW. With less than 10% of this potential currently realized, the state is poised
to achieve many significant milestones in the coming years.
Gujarat
As of June 30, 2024, Gujarat has climbed to the second position among states
with the largest installed solar capacity, reaching a total of 14.35 GW. This
marks a substantial increase from 9.25 GW as of March 31, 2023, highlighting the
state's commitment to expanding its renewable energy infrastructure.
Key contributors to Gujarat's capacity increase include BluPine, which has
successfully commissioned a 120 MW solar project in northern Gujarat, consisting
of a 70 MW plant in Radhanpur and a 50 MW plant in Navena. Additionally, Adani,
in partnership with Google, is developing a 61 MW hybrid solar plant in the
state. These projects are significant steps toward enhancing Gujarat's renewable
energy capabilities.
The Solar Smart City Village in Modhera is a groundbreaking initiative, being
the first of its kind in the world, where every household is powered by solar
energy. Additionally, the Prime Minister has laid the foundation stone for a 30
GW solar power plant in Kutch, located just 100 km from the Pakistan border.
These initiatives underscore Gujarat's leadership in solar energy and commitment
to sustainable development.
Karnataka
As of March 31st, 2024, Karnataka holds the third position among states with
the largest installed solar capacity, totaling 8.81 GW. This represents a
notable increase from 8.24 GW as of March 31, 2023. The state has excelled in
solar installations, with its solar energy generation capacity approaching 24.70
GW. Karnataka's robust performance highlights its commitment to expanding
renewable energy sources.
Tamilnadu
As of June 30, 2024, Tamil Nadu ranks fourth among states with the largest
installed solar capacity, with a total of approximately 8.61 GW. This marks a
significant increase from around 6.73 GW as of March 31, 2023. The state's
continued growth in solar energy generation underscores its commitment to
renewable energy development. Recently, Tamil Nadu has made significant strides
in solar energy, highlighted by the Adani Group's commissioning of a 648 MW
solar power plant at Kamuthi. This project helps the state remain a key
contributor to the national target of achieving 130 GW of solar capacity by the
end of 2024, even though this goal may be challenging to meet. Tamil Nadu has an
impressive aggregate solar power potential of 140.23 GW.
Maharashtra
Maharashtra ranks fifth among states with the largest installed solar
capacity, standing at 6.59 GW at the end of March 2024, an increase from 4.72 GW
a year earlier. With its significant level of industrialization, Maharashtra has
the potential to become a major energy provider for India.
The state has an estimated aggregate solar power potential of 64.32 GW.
Recently, the Avada Group commissioned a 108 MW solar power plant in Chalisgaon.
Despite this progress, there remains vast untapped potential, as currently less
than 5% of the state's solar capacity is being utilized.
Telangana
Telangana ranks sixth among states with the largest installed solar capacity,
reaching 4.80 GW by the end of June 2024, up from 4.66 GW at the end of March
2023. Given its high level of industrialization, Telangana has the potential to
be a game-changer in India's energy mix, significantly contributing to the
country's solar energy production.
The state's aggregate solar power potential is estimated at 35.20 GW,
highlighting the opportunities for further development in renewable energy.
Andhra Pradesh
Andhra Pradesh ranks seventh among states with the largest installed solar
capacity, reaching 4.62 GW as of June 30, 2024, an increase from 4.53 GW on
March 31, 2023. Had it not been for recent policy-related hurdles, these figures
could have been significantly higher.
The state's aggregate solar power potential is estimated at 38.44 GW,
indicating considerable opportunities for growth in renewable energy.
Madhya Pradesh
Madhya Pradesh ranks eighth among states with the largest installed solar
capacity, reaching 4.07 GW as of June 30, 2024, up from over 2.80 GW previously.
While Madhya Pradesh has made more installations compared to Maharashtra, the
capacity remains lower, primarily due to the progress of the massive REWA Solar
Park. However, the state's recent decisions to pursue more thermal projects may
disappoint those hoping for greater advancements in solar energy. Given its
contributions to solar energy production, there is an expectation for the
central government to intervene and guide the state, particularly as its
agricultural and forested areas may be factors in these decisions. The total
solar energy generation capacity of Madhya Pradesh is estimated at 61.66 GW,
highlighting its potential for future growth.
Uttar Pradesh
Uttar Pradesh ranks ninth among states with the largest installed solar
energy capacity, reaching nearly 3.06 GW by the end of June 2024, up from
approximately 2.51 GW at the end of March 2023. The state has accelerated its
efforts and is now targeting over 10 GW in renewable energy capacity additions,
including solar.
Despite facing challenges, the growth under the current government has been
remarkable. With plans to develop new areas for solar hybrid parks, Uttar
Pradesh is poised for a green revolution following the 2024 Union elections.
However, as a largely green state with extensive forestation, obtaining
environmental approvals poses challenges due to concerns about loss of greenery
and population displacement. The state's estimated aggregate solar energy
generation capacity stands at 22.83 GW, highlighting its potential for further
development.
Harayana
Haryana ranks tenth among states with the largest installed solar capacity,
reaching 1.62 GW by the end of June 2024, an increase from 1.0 GW as of March
2023. This growth reflects the state's ongoing efforts to expand its renewable
energy infrastructure and contribute to the national solar energy goals.
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