Advertisement

Updated December 21st, 2023 at 17:39 IST

Rooftop Solar capacity increased from 1.8 GW in 2019 to 10.4 GW in Nov 2023: Singh

The minister added further that the rate of growth of renewable energy capacity in the country has been one of the highest globally in the last 5 years.

Business Desk
Solar Park
Solar Park | Image:Unsplash
Advertisement

The cumulative Rooftop Solar (RTS) installed capacity increased from 1.8 GW in March 2019 to 10.4 GW as of November 2023. The compound annual growth rate (CAGR) of RTS installation is around 46 per cent, the Minister of Power and Renewable Energy,  RK Singh told the parliament today. The minister added further that the rate of growth of renewable energy capacity in the country has been one of the highest globally in the last 5 years. Singh was replying to a question asked in the Lok Sabha.

“There is inherent seasonal variation in energy production from various renewable energy sources, including solar, wind, and hydro. The variability in energy production from these sources exhibits complementary characteristics, for instance, solar generation is reduced during monsoon months, when wind and hydro generation is higher, “ Singh said.

Advertisement

According to the reply, various government measures have helped in increasing the capacity of the roof top solar installation. He also talked about the launch of the National Portal where residential consumers from any part of the country can apply for installation of rooftop solar and get subsidy directly into his bank account under the Programme.

He also mentioned the facilitation of concessional loans from multilateral agencies such as the World Bank is also aiding the increase in renewable energy capacity in India. 

Advertisement

Published December 21st, 2023 at 17:39 IST

Your Voice. Now Direct.

Send us your views, we’ll publish them. This section is moderated.

Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Whatsapp logo