India’s Renewable Energy Capacity Reaches 288.58 GW, Nearly Quadruples Since 2014

India’s renewable energy sector has witnessed remarkable growth over the past decade, with the country’s installed renewable energy capacity increasing nearly four times from 76.38 GW in 2014 to 288.58 GW as of June 30, 2026. The latest figures were shared by the Ministry of New and Renewable Energy (MNRE) in a written reply presented in the Rajya Sabha by Union Minister of State for MNRE, Shri Shripad Yesso Naik.

According to the government, solar power continues to lead India’s renewable energy expansion. The country’s installed solar capacity has reached 162.15 GW, making it the largest contributor to the renewable energy mix. Strong policy support, competitive auctions, improved financing, and large-scale project development have played a major role in driving solar deployment across utility-scale, rooftop, and distributed energy segments.

Wind energy remains the second-largest renewable energy source with an installed capacity of 57.44 GW. Hydropower contributes 57.24 GW, while bio power accounts for 11.75 GW. Together, these renewable energy sources have helped India strengthen its clean energy portfolio and reduce dependence on conventional fossil fuel-based power generation.

The government also highlighted that India’s total installed non-fossil fuel-based electricity generation capacity has reached 297.36 GW as of June 30, 2026. This includes 288.58 GW from renewable energy sources and an additional 8.78 GW from nuclear power generation. The achievement reflects India’s continued progress toward expanding clean energy infrastructure while supporting its long-term climate and energy security goals.

Investment has been another major driver of the country’s renewable energy growth. Since the financial year 2014 through FY 2026, India’s renewable energy sector has attracted approximately USD 45.72 billion in Foreign Direct Investment (FDI). The steady inflow of international capital demonstrates growing investor confidence in India’s renewable energy market and its long-term growth potential.

Domestic financial institutions have also played a significant role in financing clean energy projects. According to the ministry, a total of ₹12.32 lakh crore has been deployed toward the renewable energy sector during the same period. The funding has come from 12 public sector banks along with major financial institutions including the Indian Renewable Energy Development Agency (IREDA), Power Finance Corporation (PFC), REC Limited, India Infrastructure Finance Company Limited (IIFCL), National Bank for Financing Infrastructure and Development (NaBFID), and Small Industries Development Bank of India (SIDBI).

The latest data reflects India’s sustained focus on accelerating renewable energy deployment through policy support, public and private investment, and financial backing. As the country continues to expand its clean energy capacity, renewable energy is expected to remain a key pillar of India’s strategy for achieving energy security, reducing carbon emissions, and meeting its long-term sustainability commitments.