|
From January 2022 till December 2022, approximately 13,956 MW solar capacity and 1,847 MW of wind capacity was added in India. This is about 17.5% and 26.6%, respectively, higher compared to 2021.
In terms of cumulative installations, according to the data released by Ministry of New and Renewable Energy (MNRE) till December 2022, India's RE installation capacity reached 120.85 GW. Solar energy contributes for approximately 52% share in the total RE segment, making it the major contributor followed by wind energy (35%), Bio Power (9%) and Small Hydro (4%). Share of solar has increased by 5 percentage points in last 1 year.
Figure 1: RE installation trends in India
Source: CEA, JMK Research
Note: Solar capacity includes utility scale solar, rooftop solar, and off-grid/ distributed solar capacity
From Jan-Dec 2022, about 11.3 GW of new utility-scale solar capacity was added in India. Compared to Jan-Dec 2021 period, installations are about 47% higher.
In the rooftop solar segment, about 1.9 GW is added in the last 12 months, 42% lesser than 2021 installations. While in off-grid/ distributed solar segment, nearly 700 MW was added which is about 50% lesser than 2021 installations.
Figure 2: Annual Solar capacity addition trends in India
In wind sector, about 1.85 GW of new capacity was added during Jan-Dec 2022, which is 26% higher than 1.46 GW capacity added during Jan-Dec 2021.
In terms of state wise installations, Rajasthan, Gujarat and Tamil Nadu were the leading states with most of the large-scale solar installations in 2022. While Gujarat led the installations with the commissioning of more than 1600 MW of new wind projects in this period.
Figure 3: State-wise Utility Scale Solar and wind capacity addition in India in 2022 (Jan-Dec)
Source: MNRE, JMK Research
| 
