In Short : India’s renewable electricity generation has grown at a 6.76% CAGR since 2015, driven by substantial investments in solar, wind, and other clean energy sources. Government policies, including incentives and auctions, have fueled this growth. The rise in renewable capacity is helping India meet its energy demands sustainably, contributing significantly to the country’s clean energy transition.
In Detail : Since 2015, India has witnessed a robust 6.76% Compound Annual Growth Rate (CAGR) in renewable electricity generation. This growth reflects the country’s increasing commitment to clean energy and the expansion of solar, wind, and other renewable sources. With rapid technological advancements and a supportive policy environment, India is steadily increasing its renewable energy capacity, making significant strides toward meeting its energy demands sustainably.
Government policies have played a crucial role in this transformation. Initiatives such as the National Solar Mission , Production-Linked Incentive (PLI) scheme, and competitive bidding processes have attracted considerable investments in renewable energy projects. These policies, coupled with financial incentives, have lowered costs and accelerated the deployment of renewable technologies across the country.
The solar sector has been a primary driver of this growth, with India becoming one of the largest solar markets globally. Large-scale solar parks, such as Bhadla Solar Park , and rooftop solar initiatives have significantly boosted the country’s solar capacity. Alongside solar, wind energy also contributes significantly to the country’s renewable generation, with several states, including Tamil Nadu and Gujarat, having abundant wind resources.
In addition to traditional renewable sources, India is also focusing on emerging technologies like energy storage, green hydrogen, and offshore wind. These innovations will support grid stability, enhance energy security, and increase the overall efficiency of renewable electricity generation. The government’s push for integrated energy solutions is helping bridge gaps in power generation and consumption.
Private sector investments have further accelerated the pace of renewable energy growth. With both domestic and international companies actively participating in renewable energy projects, India has seen an influx of capital and expertise. This has not only led to the rapid scaling of renewable capacity but also spurred the development of related sectors such as manufacturing, grid infrastructure, and electric vehicles.
As the country progresses toward its ambitious renewable energy targets, the sustained growth in renewable electricity generation is critical. India is on track to achieve its goal of 500 GW of renewable capacity by 2030 . Continued policy support, technological innovation, and private sector involvement will ensure that India remains at the forefront of the global clean energy transition.
