Renewable Energy in India 2024| Current scenario of renewable energy in India| Sustainable Energy updates 2024| Largest renewable energy plants in India 2024

Renewable Energy Current Scenario

In recent years, the Government of India has accelerated its efforts to meet ambitious clean energy goals, the objective is to bring 50% of the country’s cumulative installed power generation capacity to come from non-fossil fuel sources by 2030 and achieving net zero emissions by 2070.

FY 2024-25 budget, sustainable financing to support sustainable energy growth is likely to prioritize areas such as distributed renewable energy installations and the localization of the supply chain.

Accelerating rooftop solar installations is expected to receive a significant increase in budgetary allocations, particularly in light of the recent announcement of a 23% increase in per kW central financial assistance for installations up to 3 kW under Phase-II of the Rooftop Solar Scheme.

Subsidies provided under Government of India schemes such as the PM-KUSUM scheme and bio energy program are crucial for enhancing the commercial viability of renewable energy projects. These subsidies facilitate the off-take, financing, and implementation of these projects, making them more attractive to investors and developers.

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Central government scheme PM-KUSUM and other schemes

Pradhan Mantri Surya Ghar Free Electricity Scheme and other schemes

Pradhan Mantri Suryoday Yojana and other schemes

As of April 2024, the total installed capacity of renewable energy sources including large hydropower is 191.67 GW. The capacities for specific renewable energy sources are:

• Solar Power: 82.63 GW
• Wind Power: 46.16 GW
• Biomass/Co-generation: 10.35 GW
• Small Hydro Power: 5 GW
• Waste to Energy: 0.59 GW
• Large Hydro: 46.92 GW

India’s objective is to reduce the carbon intensity of its economy by under 45% by 2030, achieve 50% of its cumulative electric power from renewables by 2030, and reach net-zero carbon emissions by 2070. India is also aiming to have 500 GW of renewable energy installed capacity by 2030.

India’s largest Solar Plant

The Bhadla Solar Park, spread across 56 square kilometers in Rajasthan, India, secured the titles in 2023 for being both the largest solar power plant in India and globally, boasting a capacity of 2,055 MW. Established through four phases starting in 2015, it has gathered funding from diverse channels, playing an essential role in India’s sustainable energy aspirations while curbing annual greenhouse gas emissions by a notable 4 million tons.

Second Largest Solar Plant-

Pavadaga Solar Park, located in Karnataka’s Tumkur district, covers an area of 53 square kilometers, positioning it as the second-largest solar power facility in India and the third-largest globally, boasting a capacity of 2000 MW. Constructed in 2019 at an investment of Rs.14,800 crores, it holds the distinction of being India’s second-largest solar park.

Third Largest Solar Plant-

The Ananthapuramu Ultra Mega Solar Park, positioned as the third largest solar power plant, sprawls across the Anantapur district of Andhra Pradesh. Covering a vast expanse of 32.07 square kilometers, it holds the distinction of being India’s third-largest solar park, closely trailing behind the Golmud Solar Park in China and the Bhadla Solar Park in Rajasthan, as well as the Pavagada Solar Park in Karnataka.

Fourth Largest Solar Plant-

Kurnool Ultra Mega Solar Park

Location: Andhra Pradesh

Power Generation: 1000 MW

Area of Park:5932 acres

Fifth Largest solar plant-

NP Kunta Ultra Mega Solar Park

Location: Andhra Pradesh

Power Generation: 978 MW

Area of Park:7924 acres

Sixth Largest solar plant-

Seventh Largest solar plant-

Eighth Largest solar plant-

Ninth Largest solar plant-

Tenth Largest solar plant-