India’s Renewable Energy Capacity Surges By 24 GW With Strong Growth In Solar And Wind Power

India’s renewable energy sector has seen impressive growth from October 2023 to October 2024, reflecting the country’s commitment to clean energy targets under Prime Minister Narendra Modi’s ‘Panchamrit’ goals. The total renewable energy capacity in India increased by 24.2 GW, reaching 203.18 GW by October 2024, up from 178.98 GW in the previous year. This growth aligns with India’s ambitious renewable energy objectives. When including nuclear energy, the total non-fossil fuel capacity grew to 211.36 GW in 2024, compared to 186.46 GW in 2023.

The solar power sector saw the most significant growth, increasing by 20.1 GW, or 27.9%, from 72.02 GW in October 2023 to 92.12 GW in October 2024. In total, the solar capacity, including ongoing and tendered projects, reached 250.57 GW, up from 166.49 GW the previous year. Wind energy also experienced steady growth, with its installed capacity rising by 7.8%, from 44.29 GW in October 2023 to 47.72 GW in October 2024. The total wind capacity in the pipeline now stands at 72.35 GW.

In the period from April to October 2024, India added 12.6 GW of renewable energy capacity, with 1.72 GW added in October alone, reflecting a faster transition to renewable energy. The number of renewable energy projects under implementation and tendered has also grown. As of October 2024, there were 143.94 GW of projects under implementation and 89.69 GW tendered, a significant increase from 99.08 GW and 55.13 GW, respectively, in October 2023.

India’s renewable energy mix is also bolstered by contributions from hydro and nuclear power. Large hydro projects accounted for 46.93 GW of the total renewable energy capacity, while nuclear power contributed 8.18 GW. These sources add diversity and resilience to India’s renewable energy sector, supporting the country’s broader goal of transitioning to greener energy.