In Short : India’s renewable energy capacity grew by 14.2% year-on-year, driven by a remarkable 30% surge in solar power installations. This robust growth highlights the country’s ongoing commitment to clean energy, reducing carbon emissions, and achieving its ambitious renewable energy targets. Solar’s rapid expansion underscores its pivotal role in India’s transition to a sustainable energy future.
In Detail : Ministry of New and Renewable Energy (MNRE) has reported significant progress in Indias renewable energy sector from November 2023 to November 2024. This progress underscores Indias commitment to achieving its clean energy targets in line with the Panchamrit goals set by Prime Minister Narendra Modi.
As of November 2024, the total non-fossil fuel installed capacity has reached 213.70 GW, marking an impressive 14.2% increase from last years 187.05 GW. Meanwhile, the total non-fossil fuel capacity, which includes both installed and pipeline projects, surged to 472.90 GW, a substantial 28.5% increase from the previous years 368.15 GW.
During FY 24-25 a total of 14.94 GW of new RE capacity was added till November 2024, nearly doubling the 7.54 GW added during the same period in FY 23-24. In November 2024 alone, 2.3 GW of new capacity was added marking a dramatic fourfold increase from the 566.06 MW added in November 2023.
Solar power continues to lead, with installed capacity rising from 72.31 GW in 2023 to 94.17 GW in 2024, a robust growth of 30.2%. Including pipeline projects, total solar capacity surged by 52.7%, reaching 261.15 GW in 2024, compared to 171.10 GW in 2023. Wind power also made notable contributions, with installed capacity rising from 44.56 GW in 2023 to 47.96 GW in 2024, reflecting a growth of 7.6%. Total wind capacity, including pipeline projects, increased by 17.4%, from 63.41 GW in 2023 to 74.44 GW in 2024.
