In a significant development in the renewable space, solar power has overtaken wind power in terms of total installed capacity. A decade ago, the solar segment had a capacity of just 18 MW, while wind power’s installed capacity was at 13,000 MW.
As of January 31, 2021, the total installed capacity of solar power stood at 38,794 MW (including 34,561 MW of ground-mounted capacity and 4,233 MW of rooftop capacity). However, the total wind power capacity was 38,684 MW, according to data from the Union Ministry of New and Renewable Energy.
While the recent decade belonged to solar power, the past five years have seen exponential growth in solar capacity addition in India, driven by supportive government policies, a favourable ecosystem and higher investments.
As of March 31, 2016, the total installed capacity of wind power stood at 26,744 MW and solar power capacity was at 6,763 MW.
The solar segment remains a major driver of new capacity addition in the renewable space.