A recent report indicates a significant shift in India's energy landscape, with coal's share in the country's total installed capacity falling below 50% in FY24. This milestone underscores the ongoing transition towards cleaner and more sustainable sources of energy and reflects changing dynamics in India's energy mix.

Coal has traditionally been a dominant source of energy in India, accounting for a majority of the country's installed capacity. However, the declining share of coal reflects the growing importance of renewable energy sources such as solar, wind, and hydroelectric power in India's energy transition.

The report highlights the increasing adoption of renewable energy technologies and the government's efforts to promote clean energy initiatives, including incentives, subsidies, and policy support. As a result, renewable energy capacity has been steadily increasing, contributing to a diversification of India's energy sources and a reduction in carbon emissions.

The decline in coal's share in India's installed capacity is also driven by factors such as environmental concerns, technological advancements, and changing market dynamics. Renewable energy technologies have become increasingly cost-competitive, making them more attractive options for investors and developers.

India's energy transition is aligned with global efforts to address climate change and promote sustainable development. By reducing reliance on coal and embracing cleaner energy alternatives, India can mitigate the impacts of climate change, improve air quality, and enhance energy security.

Despite the decline in coal's share, the report emphasises the continued importance of coal in India's energy mix, especially for baseload power generation and ensuring grid stability. However, the shift towards renewable energy sources signals a broader transformation in India's energy sector, with implications for investment, policy, and economic growth.

Moving forward, India's energy policies and investment decisions will play a crucial role in shaping the future of its energy landscape. Balancing the need for energy security, affordability, and sustainability will require careful planning and collaboration between government, industry, and other stakeholders.

In conclusion, the report's findings highlight the significant progress made in India's energy transition, with coal's share in the country's total installed capacity falling below 50% in FY24. This milestone reflects the growing momentum towards cleaner and more sustainable sources of energy, positioning India as a leader in the global transition towards a low-carbon future.