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Daily News Wrap-Up: Solar Accounts for 16% of India’s Installed Power Capacity

Parliament panel wants renewable finance obligation prescribed for banks

July 28, 2023

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Solar power accounted for 15.9% of India’s total installed power capacity and 38.3% of the total installed renewable capacity in the second quarter of 2023, up from 14% and 35.4% year-over-year. India’s installed renewable energy capacity, including large hydro projects, stood at 173.5 GW, accounting for a 41.4% share of the overall power capacity mix at the end of the quarter, according to data from the Central Electricity Authority, Ministry of New and Renewable Energy, and Mercom’s India Solar Project Tracker. The renewable energy share in the cumulative power mix increased marginally from 170.3 GW quarter-over-quarter, representing 37.9 % of the overall power capacity mix.

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