Solar Installed Capacity Surges Over 25 Times: Economic Survey
POWER & RENEWABLE ENERGY

Solar Installed Capacity Surges Over 25 Times: Economic Survey

According to the Economic Survey, India's solar installed capacity has increased more than 25 times from 2014 to 2023. This dramatic growth underscores the country's commitment to enhancing its renewable energy infrastructure and reducing dependence on fossil fuels.

In 2014, India's solar capacity was relatively modest, but significant policy support and investments have fueled a rapid expansion. The surge in installations reflects India's strategic push towards meeting its ambitious renewable energy targets and addressing climate change challenges.

The expansion of solar power capacity is a key component of India's broader energy transition strategy, aimed at increasing the share of clean energy in the national grid and improving environmental sustainability. This growth is expected to continue as India accelerates its efforts to meet both domestic and international climate commitments.

The Economic Survey highlights this achievement as a testament to India's progress in renewable energy and its ongoing efforts to build a more sustainable and resilient energy system. The increase in solar capacity not only supports India's green energy goals but also contributes to global efforts to combat climate change.

According to the Economic Survey, India's solar installed capacity has increased more than 25 times from 2014 to 2023. This dramatic growth underscores the country's commitment to enhancing its renewable energy infrastructure and reducing dependence on fossil fuels. In 2014, India's solar capacity was relatively modest, but significant policy support and investments have fueled a rapid expansion. The surge in installations reflects India's strategic push towards meeting its ambitious renewable energy targets and addressing climate change challenges. The expansion of solar power capacity is a key component of India's broader energy transition strategy, aimed at increasing the share of clean energy in the national grid and improving environmental sustainability. This growth is expected to continue as India accelerates its efforts to meet both domestic and international climate commitments. The Economic Survey highlights this achievement as a testament to India's progress in renewable energy and its ongoing efforts to build a more sustainable and resilient energy system. The increase in solar capacity not only supports India's green energy goals but also contributes to global efforts to combat climate change.

Next Story
Infrastructure Urban

Our urban initiatives set a benchmark for projects across India

The Nagpur Smart and Sustainable City Development Corporation (NSSCDCL) has bagged an excellence award for being a leader in creating healthy streets in Indian cities. Soumya Sharma Chandak, Chief Executive Officer (CEO), tells R SRINIVASAN what led to this achievement and elaborates upon other successes and plans. Excerpts from the conversation:What key factors contributed to NSSCDCL winning the excellence award for creating healthy streets in India?We won this award for our efforts to suggest juncti..

Next Story
Infrastructure Urban

Construction Sector Results

The Indian construction sector demonstrated both growth opportunities and notable challenges in the first half of FY2024-25, driven by a mix of economic, operational and policy factors. The sector’s total consolidated operating revenue across all segments (Ultra Large, Large, Medium, and small construction companies) reached approximately Rs.70,871 crore in H1 FY25, compared to Rs.67,126 crore in H1 FY24, reflecting a year-on-year growth of about 5.6 per cent. When including Larsen & Toubro (L&T), the largest player in  the sector,..

Next Story
Infrastructure Transport

India must focus on building resilient road infrastructure

Vadodara-based firm Zydex Industries has developed a silane nanotechnology-based product for road construction that can resist cracking under heavy traffic loads and cyclic weather. The company is using nano-polymer and silane to make roads free of potholes and cracks, thanks to their anti-strip property and enhanced resistance to moisture damage. The company has also developed a technology to make aggregates waterproof, thus forming a skin-like layer that is water-resistant and prevents the formation of potholes. Himanshu Agarwal, Chief Operating Officer, Zydex Industries, speaks about g..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000