Solar energy has changed wind energy to turn into the biggest renewable vitality expertise in India.
In accordance with data reported by the Ministry of New and Renewable Energy for January 2021, solar energy capability in India was 38.7 gigawatts. Wind vitality capability was reported to be 38.6 gigawatts.
Solar energy overtaking wind energy as India’s largest renewable vitality expertise isn’t any shock — this was anticipated for a very long time. Nonetheless, the tempo at which solar energy capability has grown has been stellar. Ten years again, solar energy capability was simply 18 megawatts, whereas wind energy capability was at 13 gigawatts (13,000 megawatts). So, over the past ten years, solar energy capability has grown 2,150 occasions whereas wind energy capability has grown thrice.
There are a number of causes behind this exponential development of solar energy. Extra states in India are blessed with photo voltaic vitality assets than these endowed with wind vitality assets. Besides the northeastern states and some northern states, practically each Indian state can help large-scale solar energy initiatives. Wind energy initiatives have been concentrated in six to seven states, with a lot of the capability put in in coastal states.
One other issue that has supported photo voltaic’s rise over wind energy is the speedy decline in gear prices. The value of solar energy modules has declined sharply over the previous few years, particularly attributable to giant manufacturing capability development from Chinese language producers, which provide a big majority of cells and modules utilized in India. Whereas India is basically self-sufficient in wind vitality gear manufacturing, firms right here have didn’t launch the biggest megawatt-sized generators seen within the European market.
This decline in price has additionally led to a pointy decline in tariff bids submitted by builders. Earlier this 12 months, two tenders witnessed bids of round Rs 2 (2.84¢) per kilowatt-hour, a brand new document low for solar energy in India.
The event of solar energy parks that present the plug-and-play capability for builders to implement initiatives has been a significant differentiator between photo voltaic and wind energy growth. A number of states in addition to the MNRE centered on the event of enormous solar energy parks of sizes as much as 4 gigawatts. No such concerted effort was undertaken for the event of wind energy parks.
Lastly, successive Indian governments have centered extra on solar energy growth. A nationwide mission for solar energy was launched in 2010 whereas the same mission for wind energy was launched in 2015. The set up goal was additionally a lot increased for solar energy. India set a goal to have 100 gigawatts of solar energy and solely 60 gigawatts of wind energy by 2022. That is despite the truth that wind energy already had an enormous heads-up when it comes to put in capability over solar energy when these targets have been introduced in 2014.