India Adds Just 487 MW of Solar Capacity in February 2023

Solar capacity additions

As per the latest figures of installed capacity of renewable energy released by the CEA (Central Electricity Authority), India’s solar capacity rose to a little over 64380 MW as on February 28, 2023. In January 2023, the total solar power capacity stood at a little more than 63893 MW. Thus, over the span of a month, the country has added solar capacity of just 487 MW. That’s a marginal growth over the 473 MW added in the corresponding month last year.

In January 2022, India’s solar capacity installed was 50303.58 MW. In February 2022, the solar capacity installed was pegged at 50777.77 MW. Between January 2022 and February 2022, the total capacity of solar energy added was 473.53 MW.

In financial year 2021-22, the solar energy capacity installed was 12.3 GW. With the financial year heading to a close, it will be interesting to watch the final figures.

Recently, the MNRE relaxed its ALMM requirements  for domestic projects till March 31, 2024. The exemption has come as a relief for developers, who have been long hoping for it while maintaining that domestic capacity of high quality modules was inadequate both quantity and quality wise.