India’s cumulative installed PV capacity tops 57.7 GW – Commercial

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From pv magazine India

India has put in a cumulative 57.7 GW of solar energy era capability as of June 30, 2022. It is usually within the course of of putting in an additional 48.7 GW of PV initiatives and 16.7 GW below bidding, in accordance with data lately supplied by energy minister RK Singh within the decrease parliament. 

Most of those solar energy initiatives are being put in by personal sector builders. Contemplating the normative value of INR 4.5 crore ($568,063) per MW, an expenditure of roughly INR 2.60 lakh crore ($32.8 billion) has been incurred on putting in the cumulative photo voltaic capability of 57.7 GW.

Rajasthan tops in photo voltaic installations, accounting for 25% (14.4 GW) of the cumulative PV capability put in within the nation. It’s adopted by the states of Gujarat (7.8 GW) and Karnataka (7.6 GW).

The Ministry of New and Renewable Power launched INR 2,633.92 crore ($332 million) of funds below its varied photo voltaic schemes throughout FY 2021-22, in comparison with INR 1,854.28 crore ($234 million) in 2020-21 and INR 1,591.15 crore ($201 million) in 2019-20.

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The National Institute of Solar Energy has estimated that India has round 750 GWp of photo voltaic capability potential, based mostly on land availability and photo voltaic irradiation.

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