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Daily News Wrap-Up: Solar’s Share in Renewable Capacity Rises to 40%

India’s 500 GW non-fossil energy target moved to 2031-32

February 12, 2024

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Solar power accounted for 16.9% of the total installed power capacity and 40.1% of the total installed renewable capacity at the end of December 2023. Solar power’s share increased by 0.3% from the last quarter, when it accounted for 39.5% of the total renewable capacity. India’s renewable energy capacity, including large hydroelectric projects, made up 42% of the country’s cumulative power capacity, with 179.5 GW installed at the end of the calendar year 2023.

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