India installed 10,016 MW of solar and 2,806 MW of wind power generation capacity in the Jan.-Dec. period of 2023. Solar installations decreased by 28% compared to CY2022, while wind installations were 52% up year-on-year, according to a new report by JMK Research.
The solar addition in 2023 included about 6.5 GW of utility-scale solar installations (about 42.5% less than in 2022), 3 GW in the rooftop segment (58% higher yoy), and nearly 500 MW in the off-grid/distributed solar segment.
JMK attributed the decline in utility-scale solar installations to below-par tender issuance activity during the period from 2020 to 2022. With the recent upsurge in tender activity, it anticipates the utility-scale solar installations to increase in the future.
Rajasthan topped in large-scale PV capacity addition with 2,193 MW installed in 2023, followed by Gujarat (1,317 MW) and Maharashtra (979 MW). Gujarat led the wind installations by commissioning more than 1,300 MW of new wind projects in the 12 months of 2023.
In terms of cumulative installations, according to the data released by the Ministry of New and Renewable Energy (MNRE) till December 2023, India’s installed RE capacity reached 133.89 GW. Solar energy contributes the largest share of around 55% of the total RE capacity, followed by wind energy (33%), biopower (8%), and small hydro (4%).
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