As on 28 February 2023, India had a total renewable energy capacity of 169 GW, which included 65 GW solar power
New Delhi: India added solar power generation capacity in a range between 5,459 MW and 13,910 MW annually over the past five years since April 2019, according to data sourced from the Central Electricity Authority (CEA). This stands in stark contrast to the 40-GW annual solar target announced by the government for the next five years to reach the 500-GW non-fossil fuel capacity target by 2030.
According to latest CEA data analysed by ETEnergyWorld, 12,784 MW was added in the financial year 2022-23 (FY23), 13,910 MW in FY22, 5,459 MW in FY21, 6,447 MW in FY20, and 6,528 MW in FY19.
According to Girishkumar Kadam, senior vice-president and co-group head – corporate ratings, ICRA, while the policy target is significantly high and hence, requires a capacity addition of more than 40 GW incrementally every year till FY2030, annual capacity addition has remained much lower over the past two financial years.
