How far has India progressed on its goal to achieve 500 GW of renewable energy by 2030? What are some of the obstacles that the domestic solar industry faces?
The story so far: India added a record 10 Gigawatt (GW) of solar energy to its cumulative installed capacity in 2021. This has been the highest 12-month capacity addition, recording nearly a 200% year-on-year growth.
India has now surpassed 50 GW of cumulative installed solar capacity, as on 28 February 2022. This is a milestone in India’s journey towards generating 500 GW from renewable energy by 2030, of which 300 GW is expected to come from solar power.
India’s capacity additions rank the country fifth in solar power deployment, contributing nearly 6.5% to the global cumulative capacity of 709.68 GW.
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