Solar’s Share in Renewable Capacity Increases Marginally to 40% in 2023

Renewables accounted for a 42% share of the overall power capacity mix

February 9, 2024

/ Markets & Policy, Mercom Research Focus, Solar

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Solar power accounted for 16.9% of the total installed power capacity and 40.1% of the total installed renewable capacity at the end of December 2023. Solar power’s share increased by 0.3% from the last quarter, when it accounted for 39.5% of the total renewable capacity.

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Debojyoti Nath

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Solar’s Share in Renewable Capacity Increases Marginally to 40% in 2023

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