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Photovoltaics has become India's largest source of renewable energy power

Data:2021-12-01

According to survey data from Mercom's India Photovoltaic Project Tracking System, Central Electricity Authority of India (CEA) and India's Ministry of New Energy and Renewable Energy (MNRE), as of October 31, 2021, the installed capacity of solar mounting system in India has reached 46.8 GW, has surpassed the hydropower station with an installed capacity of 46.51GW, becoming India's largest source of renewable energy power.

As of October 31, 2021, the total installed capacity of all energy sources in India is 390.17GW. The total installed capacity of renewable energy, including large hydropower stations, is 149GW, accounting for 38.2% of the country's total installed capacity. Photovoltaic systems account for 12% of the total installed capacity of all energy sources and 31.47% of the total installed capacity of renewable energy. Large hydropower stations account for 11.9% of the total installed capacity of all energy sources.

Earlier this year, the installed capacity of solar bracket in India surpassed that of wind power facilities. Wind power, bio-power, and small hydropower stations accounted for 10.2%, 2.7%, and 1.2% of the total installed capacity, respectively.

Photovoltaics has become India's largest source of renewable energy power

The installed capacity of coal-fired power generation in India is 202.41 GW, accounting for 51.9% of the total installed capacity, and continues to maintain its leading position.

Hydropower station

At the beginning of 2019, the Ministry of Electricity of India decided to include large-scale hydropower stations above 25MW into the category of renewable energy. At that time, the cumulative installed capacity of hydropower stations was 45.4GW, accounting for 12.9% of India's total installed capacity. As of October 31, 2021, the cumulative installed capacity of hydropower stations has risen to 46.5GW, accounting for 11.9% of the installed capacity.

In February 2021, the Ministry of Electricity of India required all states in the country to meet specific Renewable Energy Purchase Obligation (RPO) targets, including the purchase of electricity from large hydropower stations that will be put into operation after March 8, 2019, to help achieve 2029～ The goal of building a 30GW hydropower station in 2030.

One of India's largest hydropower developers, NHPC Co., Ltd. owns 15% of hydroelectric power stations (6971 MW out of 46,512 MW), and the company is actively seeking to deploy photovoltaic projects. The company expects to put into production an 800MW photovoltaic project between 2022 and 2023, and a 2500 MW photovoltaic project between 2023 and 2024.

India's photovoltaic and hydropower development forecast

The Central Electricity Authority of India (CEA) stated that India may build 493MW hydropower stations between 2021 and 2022, and add another 1,580MW between 2022 and 2023.

According to Mercom's quarterly photovoltaic market update report, it is estimated that the newly installed capacity of solar mounting structure in India in 2021 will be about 8-9GW, and it will exceed 13GW in 2022.

CHIKO Solar 's various efficient and flexible solar mounting structure solutions are waiting for you here! Welcome to consult!

Above news from CHIKO Sales & Marketing department
Add: No 680 Xingwen Rd. Jiading dist. Shanghai 201801 China Email: Chiko@Chikolar.com
Website: http://www.chikolar.com Fax : +86 (21)59972938
Phone: +86(21) 59972267 59973712 59973713--811

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