Solar And Wind Energy Accounts For ~89% Of India’s Total Renewable Power Capacity

India’s commitment to renewable energy aligns closely with its national objectives and international obligations to combat climate change. Despite coal’s predominant role, accounting for 47.6% of India’s total installed power capacity, renewable sources, particularly solar and wind, collectively contribute significantly, amounting to 88.98%. This transition towards cleaner energy sources is paramount for India, striking a balance between energy security and reducing carbon emissions.

The positive impacts of India’s investments in renewable energy extend far beyond environmental benefits. This sector drives job creation, bolsters energy security by decreasing reliance on imported fossil fuels, and spurs technological innovation. Furthermore, decentralized renewable projects empower local communities, fostering inclusive development.

Looking forward, India’s trajectory in solar and renewable energy indicates sustained growth, propelled by technological advancements, supportive policies, and a growing environmental consciousness. The Indian government’s ambitious targets for renewable energy expansion underscore a steadfast commitment to a sustainable future.

As of April 2024, India emerges as a leader in the renewable energy revolution, with solar energy constituting a significant 18.66% of the overall installed power capacity. The total installed solar PV capacity has seen a remarkable 23.2% growth compared to April 2023, totaling 82.63 GW. Moreover, renewable energy as a whole contributes 32.69% to the total installed power capacity, amounting to 144.75 GW. This journey underscores India’s collective commitment to shaping a cleaner, greener, and more sustainable energy future, solidifying its role as a key player in global renewable energy adoption.

The solar PV installed capacity is progressing towards a 100 GW milestone, with a projected addition of over 16 GW by the end of 2024, potentially positioning India as the world leader in solar PV capacity.

Additionally, the impact of the Approved List of Models and Manufacturers (ALMM) on Solar PV Modules and Cells, effective from April 1, 2024, holds significant implications for Indian solar project installations. ALMM aims to streamline the procurement process by expanding the list of approved manufacturers and models, ensuring higher quality and reliability of solar modules. This initiative is anticipated to further accelerate solar installations in India, driving the nation closer to its renewable energy targets and contributing to a cleaner environment for future generations.