India has installed a cumulative 57.7 GW of solar power generation capacity as of June 30, 2022. It has a further 48.7 GW of PV projects under installation and 16.7 GW under bidding. This information was given by power minister RK Singh in the lower parliament recently.
Most of these solar power projects are installed by private sector developers. Considering the normative cost of INR 4.5 crore ($ 568,063) per MW, an expenditure of approximately INR 2.60 lakh crore (US$ 32,821 million) has been incurred on installing the cumulative solar capacity of 57.7 GW.
Rajasthan tops in solar installations, accounting for 25% (14.4 GW) of the cumulative PV capacity installed in the nation. It is followed by Gujarat (7.8 GW) and Karnataka (7.6 GW)
The Ministry of New and Renewable energy released INR 2,633.92 crore ($332 million) of funds under its various solar schemes during FY 2021-22, compared to INR 1,854.28 crore ($234 million) in 2020-21 and INR 1,591.15 crore ($201 million) in 2019-20.
The nation has been assessed by state body the National Institute of Solar Energy as having around 750 GWp of solar capacity potential, based on land availability and solar irradiation.
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