India’s Renewable Energy Milestone: Solar Crosses 50% And Wind Contributes Around 40% In September 2024

Representational image. Credit: Canva

In September 2024, India reached a significant milestone in its renewable energy journey, with solar power now accounting for over half of the country’s total renewable energy generation. Solar energy contributed 50.47% to the overall renewable generation, a clear reflection of India’s strengthened commitment to sustainable energy. The nation’s total renewable capacity, excluding large hydropower, reached 156.247 gigawatts (GW) by October 2024, a testament to the rapid progress made in achieving energy goals. This growth is particularly evident in the solar sector, where installed capacity hit 92.119 GW in October, marking an impressive surge.

This growth in solar energy is largely attributed to robust government policies and incentives aimed at fostering clean energy development. The combination of technological innovations and policy support has led to increased investments in solar power projects. Solar power has rapidly become a dominant force, but it is crucial to acknowledge the role of wind energy in India’s renewable energy mix. Wind power contributed 39.61% of renewable energy generation in September, producing 8,870.62 million units. With an installed capacity of 47,716.72 MW in October, wind energy remains an essential part of the energy landscape, underscoring India’s vast wind resources and ongoing investments in wind energy projects.

In September 2024, wind power generation surpassed that of solar, highlighting the dynamic nature of India’s energy landscape. This shift indicates the value of a diversified renewable energy portfolio, one that includes not only solar and wind but also biomass, bagasse, and small hydroelectric projects. These sources collectively contributed 9.93% to India’s renewable energy generation for the month. A varied energy mix is vital for reducing reliance on fossil fuels and creating a more resilient energy infrastructure.

Despite the strong growth in solar and wind energy, India’s overall renewable energy generation for September 2024, excluding large hydropower, was 22,396.06 million units, which marked a decline of 13.76% compared to July. This drop can be attributed to changing climatic conditions as winter approaches, which particularly affects solar power generation due to reduced sunlight hours and intensity.

Nevertheless, the continued growth in solar and wind energy highlights the effectiveness of India’s clean energy policies and technological advancements. India is now poised to meet its ambitious target of 500 GW of renewable energy capacity by 2030. However, achieving this goal will require addressing challenges such as grid integration, financing, and the scaling of renewable energy infrastructure. Continued collaboration between the government, industry, and academia will be key to realizing India’s renewable energy ambitions. The ongoing success of solar and wind energy deployment marks a significant step forward in India’s transition to a sustainable and resilient energy future. As India builds upon its renewable energy capacity, it is positioning itself as a global leader in clean energy, driving both environmental sustainability and economic growth.

 

  • Related Posts

    Recurrent Energy Secures 10-Year PPA with Leading U.S. Technology Company

    Representational image. Credit: Canva Recurrent Energy, a subsidiary of Canadian Solar Inc.and a global leader in solar and energy storage development, ownership, and operation, has signed a 10-year Power Purchase…

    Nofar Energy Secures First Fixed-Price Flexibility Agreement For German Battery Storage Project

    Representational image. Credit: Canva Nofar Energy, a global leader in renewable energy and battery storage systems (BESS), has signed a major 7-year Flexibility Purchase Agreement (FPA) for its Stendal BESS…

    Have You Seen?

    Analysts Examine Today’s USA Natural Gas Price Rise

    • December 11, 2024
    Analysts Examine Today’s USA Natural Gas Price Rise

    Royal Caribbean’s “Amnesia Cruise” Campaign Aims to Turn Greenwashing into a Positive – But Will It Float?

    • December 11, 2024
    Royal Caribbean’s “Amnesia Cruise” Campaign Aims to Turn Greenwashing into a Positive – But Will It Float?

    Recurrent Energy Secures 10-Year PPA with Leading U.S. Technology Company

    • December 11, 2024
    Recurrent Energy Secures 10-Year PPA with Leading U.S. Technology Company

    Nofar Energy Secures First Fixed-Price Flexibility Agreement For German Battery Storage Project

    • December 11, 2024
    Nofar Energy Secures First Fixed-Price Flexibility Agreement For German Battery Storage Project

    TotalEnergies Strengthens Renewable Energy Portfolio with Strategic Moves in Germany and the USA

    • December 11, 2024
    TotalEnergies Strengthens Renewable Energy Portfolio with Strategic Moves in Germany and the USA

    Vesper Energy Completes 1 Million Panel Installation At Hornet Solar Project, Boosting Renewable Energy

    • December 11, 2024
    Vesper Energy Completes 1 Million Panel Installation At Hornet Solar Project, Boosting Renewable Energy

    Enfinity Global Secures €165 Million To Fund 147 MW Solar Energy Projects In Italy

    • December 11, 2024
    Enfinity Global Secures €165 Million To Fund 147 MW Solar Energy Projects In Italy

    Nextracker Delivers First 100% Domestic Content Solar Trackers to U.S. Market

    • December 11, 2024
    Nextracker Delivers First 100% Domestic Content Solar Trackers to U.S. Market

    TrinaTracker Unlocks SuperTrack Potential, Increasing Annual Power Generation up to 4%

    • December 11, 2024
    TrinaTracker Unlocks SuperTrack Potential, Increasing Annual Power Generation up to 4%

    NTPC Renewable Energy Secures 500 MW Solar Power Contract In SECI Auction

    • December 11, 2024
    NTPC Renewable Energy Secures 500 MW Solar Power Contract In SECI Auction