Solar Slump in India: Growth Hits 6-Year Low as Coal Use Rises
Sustainability Economics
E2E AUTOMATION AND LIFECYCLE MANAGEMENT OF NET-ZERO TRANSITIONS
India’s solar power growth slowed to its lowest rate in six years during the first half of 2024, according to data from the federal grid regulator. The country increasingly relied on coal to meet rising electricity demand.
India is the world’s fastest-growing major economy that has prioritized coal in recent years to meet escalating power demands. Last year, coal-fired electricity output exceeded renewable energy output for the first time since the 2015 Paris accord.
Coal-fired electricity generation in India increased 10.4% in the six months ending June 30, surpassing the overall power generation growth of 9.7%, according to Grid-India‘s daily load despatch data.
Solar power generation in India, the world’s third-largest solar electricity producer, reached 63.6 billion kWh in the first half of 2024. This marked a 14.7% rise from the same period last year and an 18.5% increase from the full year of 2023.?
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8 个月From Jan 2024 to June May 2024 India met with historical Sunlight and low rain but still, we depend on Coal's electricity. It's not a good sign. The government has to look into it.