ÑDz©ÌåÓý¹ÙÍøÊ×Ò³

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 Transport

Dassault To Build Falcon Jets In India With Reliance

Reliance Infrastructure Ltd’s subsidiary, Reliance Aerostructure, has signed an agreement with France’s Dassault Aviation to manufacture Falcon 2000 business jets in India, with the first batch expected to roll out from its Nagpur facility by 2028. This marks the first time a Falcon aircraft will be entirely built outside France.The announcement sent Reliance Infrastructure shares surging, hitting the 5 per cent upper circuit on the BSE. Anil Ambani, Chairman of Reliance Group, hailed the agreement as a “symbol of India’s technological and manufacturing strength�, adding that it aims..

Next Story
Infrastructure Urban

INDEA Lays Foundation for India’s First Auto Design School

The Indian School for Design of Automobiles (INDEA), the country’s first institute focused solely on automobile design and management, held its foundation stone ceremony at XLRI Delhi-NCR. The event was graced by Union Minister for Road Transport and Highways, Nitin Gadkari, who virtually unveiled the stone as Chief Guest.INDEA aims to become a premier talent hub, driving innovation in the Indian automotive sector. The school will focus on advanced design, mobility solutions, and sustainable practices, playing a vital role in shaping India’s transition from a cost-driven to a quality-led a..

Next Story
Infrastructure Transport

Karnataka Launches Global Innovation Hub at Airport City

The Government of Karnataka, in collaboration with Bengaluru Airport City Limited (BACL) and ANSR, has launched a global innovation hub named District I at Bengaluru Airport City's business park. The initiative aims to elevate India’s innovation ecosystem to a global scale by fostering collaboration among startups, academia, enterprises, and government bodies.District I will serve as a platform for deep-tech entrepreneurship, enterprise innovation, and commercialisation of academic research. It brings together Global Capability Centres (GCCs), IT firms, corporate labs, startups, venture capi..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement