Solar Projects in India 2024 | A Step towards a Greener Future
India is committed to expanding its solar capacity to meet domestic energy demands and global sustainability targets through solar projects in India 2024. By 2024, India aims to have 100 GW of solar power capacity contributing to its goal of generating 450 GW of renewable energy by 2030.
This ambitious plan reflects the country’s commitment to combating climate change and reducing dependence on fossil fuels. Read this article to learn about the major solar projects in India, government initiatives for boosting solar projects, challenges and opportunities and the future of solar energy in India.
Major Solar Projects in India 2024
Several large-scale solar projects are set to be completed or expanded by 2024 contributing to India’s renewable energy goals. Some of the major solar projects in India are:
Bhadla Solar Park (Rajasthan)
One of the largest solar parks in the world, Bhadla Solar Park has a capacity of 2,245 MW. Continued expansion and advancements in technology are expected to increase its efficiency and output by 2024.
Pavagada Solar Park (Karnataka)
Also known as the Shakti Sthala, this solar park has a capacity of 2,050 MW and is expected to grow further in the coming years.
Kurnool Ultra Mega Solar Park (Andhra Pradesh)
With a capacity of 1,000 MW, Kurnool Solar Park is one of India’s most significant solar energy hubs. By 2024, additional investments and expansions are planned to increase its output.
Rewa Solar Project (Madhya Pradesh)
Known for its low tariffs and large-scale operations, the Rewa Solar Project has a capacity of 750 MW. Future expansions and advancements in grid infrastructure will help increase its contribution to India’s energy mix by 2024.
Government Initiatives Boosting Solar Projects
The Indian government has implemented various policies and incentives to promote solar energy development. Some of them are listed below:
Pradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM-KUSUM)
This scheme aims to help farmers install solar pumps and grid-connected solar power plants reducing their dependence on conventional electricity and providing additional income by selling surplus power.
Solar Parks and Ultra Mega Solar Power Projects Scheme
This initiative provides financial support for the development of large-scale solar parks enabling states to create the infrastructure required for solar energy production.
Rooftop Solar Program
The government is promoting rooftop solar installations to meet the energy needs of urban and rural households aiming to add 40 GW of rooftop solar capacity by 2024.
Challenges and Opportunities
While India’s solar ambitions are impressive, there are several challenges to overcome which are mentioned below:
Land Acquisition
Large solar projects require significant land which can be a challenge in densely populated areas.
Grid Infrastructure
Upgrading India’s aging grid infrastructure is essential to ensure smooth transmission and distribution of solar power across the country.
Financing
Although solar energy costs have decreased, funding large-scale projects still requires substantial investment. The government is working to attract both domestic and foreign investors.
The Future of Solar Energy in India
Despite these challenges, the future of solar energy in India looks promising. Technological advancements in solar panels and energy storage combined with continued government support are expected to drive growth in the solar sector. With the nation’s commitment to reducing carbon emissions, 2024 will be a crucial year for India’s solar power revolution.
Conclusion
With significant government support, large-scale solar parks, and ambitious targets, solar projects in India 2024 are poised to make the country a global leader in solar energy. These projects are not only helping India meet its renewable energy goals but also providing clean energy that will reduce the nation’s carbon footprint.
As these projects continue to expand, they will play a crucial role in combating climate change and help in boosting economic growth through sustainable development.
We can provide you with the required guidance on initiating and completion of solar projects. Altilium Energie helps businesses in implementing power trading and carbon trading. Contact us for implementing energy efficient methods in your business for a better future.