India, blessed by an abundance of sunlight, has gradually been transitioning towards solar energy as a sustainable and cost-effective solution for meeting its energy demands. Solar power generation has experienced remarkable growth over the past several years. India had 90.76 gigawatts of installed solar energy capacity in July 2024, a 30x growth over nine years, and NISE assessed 748 GWp of potential. Hartek Group's contributions in shaping India's solar power landscape have been immense through our expertise and commitment to sustainable solutions, we have pioneered large-scale solar power projects throughout India. In this comprehensive guide, we explore the current status, benefits, challenges, and future prospects of solar energy in India.
Government Initiatives Boosting Solar Energy Generation in India
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PM Surya Ghar: Muft Bijli Yojana on 29th February, 2024 to increase the share of solar rooftop capacity and empower residential households to generate their own electricity. The scheme has an outlay of Rs 75,021 crore and is to be implemented till FY 2026-27. It also seeks to simplify regulatory procedures, encourage private sector engagement, and solve land acquisition issues to boost India's renewable energy potential.
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PM-KUSUM: To meet its 10,000MW solar objective, install 10,000 small scale solar projects known as Renewable Energy Service Companies (REPPs), on barren or desolate land in India. These REPPs have a capacity of 2MW to 5MW each. For this purpose, individuals, organizations, cooperatives, panchayats, FPOs, and WUAs may build solar power plants on barren land.
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The Muft Bijli Yojana (MBY) aims to provide free energy to all Indian homes by installing subsidized rooftop solar panels. Starting on February 15, 2024, and expected to last until 2026-27, Prime Minister Narendra Modi will cover up to 40% of solar panel installation costs, saving households Rs. 15-18,000 crore per year and the government Rs. 75,000 crore in electricity costs.
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Net Metering Policies: Multiple Indian states allow households to create solar energy and sell surplus back to the grid, boosting rooftop solar installation and attaining its 50% RE capacity goal by 2030.
Indian solar power might reach 750 GW, according to estimations. And these schemes are the reason behind it.
Reasons for Boost in Solar Power Generation in India
Solar power generation has seen remarkable growth over the last decade. The capacity expanded significantly from 2.6 gigawatts (GW) in 2014 to over 50 GW in 2024, driven by various factors.
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Increased Investment: Indian solar energy production has attracted local and international investors. Global energy businesses, venture capitalists, and private equity firms help it grow.
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Technological Advancements: India is adopting advanced technologies like bifacial solar panels, high-efficiency photovoltaic cells, and solar tracking systems to make solar energy more competitive with conventional energy sources.
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Public-Private Partnerships: Government-private sector collaboration has accelerated solar project development. Public-private partnerships have built large-scale solar farms and rooftop installations in India, boosting solar energy output.
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Global Collaborations: India has joined the International Solar Alliance (ISA) to promote solar energy worldwide, share expertise, transfer technology, and develop solar power production investment possibilities.
Future Prospects With Solar Energy Production
Solar energy production in India has several potential prospects:
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Solar Parks: The construction of solar parks throughout India will generate new prospects for large-scale solar projects, fulfilling energy needs while supporting green transition and increasing solar energy output.
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Advances in Energy Storage: Lithium-ion batteries and pumped hydro storage solutions will improve solar power reliability and stability, mitigate intermittency, and support grid integration, increasing solar energy production across India.
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Rural electrification: India's solar energy production has great potential to electrify rural and distant regions, enhancing quality of life and economic growth. This initiative may include off-grid and mini-grid alternatives.
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Innovative Business Models: Solar-as-a-service and community solar projects will enhance solar energy availability. Flexible and economical approaches to implement this technology enable India to generate more solar energy.
Hartek Solar Contribution In Increasing Solar Energy Generation in India
Hartek Solar is a leader in India's renewable energy industry, contributing to the country's solar energy output in a variety of ways:
Solar Projects
Hartek Power, the renewable energy arm of Hartek Group, secured a Rs 474 crore order for a 300 MW solar project in Rajasthan. The project will be spread across 1,209 acres and will be a ground-mount solar PV power plant.
Rooftop solar projects
Hartek Solar private limited, the renewable arm of Hartek Group, specializes in industrial, commercial, and floating solar rooftop systems designed, engineered, and installed throughout India. Hartek Solar is one of India's largest outsourcers of rooftop solar, having installed over 120 MW+ across India to date. We also created North India's largest floating solar plant at Chandigarh.
Substations
Our portfolio includes the development and implementation of 765 kV substations, which are among the highest voltage transmission systems in the world. These substations play a crucial role in transmitting large amounts of electricity over long distances with minimal energy loss.
Bottom Line
India is becoming a worldwide leader in solar energy generation due to its plentiful sunlight. India is on track to meet its ambitious renewable energy objectives because of its supportive government policies, large investments, and rising focus on sustainability.
Hartek Group is revolutionizing solar power across the nation, setting new benchmarks in innovation and championing sustainability for a brighter, greener future.. By using solar electricity, India increases its energy security and creates a cleaner, greener future. Hartek Group is spearheading India's solar energy path, which will inspire the globe and build a sustainable future.
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