+
India Hits 100 GW Solar Milestone, Eyes 500 GW Clean Energy by 2030
POWER & RENEWABLE ENERGY

India Hits 100 GW Solar Milestone, Eyes 500 GW Clean Energy by 2030

India is steadily establishing itself as a global leader in clean energy, outpacing several major economies in renewable capacity growth and investment. The country remains deeply committed to building a cleaner, greener planet. It was among the first G20 nations to fulfil its green energy commitments under the Paris Agreement. While strengthening existing clean energy solutions, India is also focusing on adopting new and innovative approaches. Under the leadership of Prime Minister Narendra Modi since 2014, India is expected to achieve its target of generating 50 per cent of its electricity from renewable sources by 2030 — five years ahead of the original schedule.

As the world grapples with the escalating effects of climate change, the transition to clean, sustainable energy solutions has become increasingly critical. Moving towards renewable sources such as solar, wind, and hydropower is now a global necessity. This transition not only mitigates the impacts of climate change but also fosters economic growth, strengthens energy security, and promotes societal well-being.

With Prime Minister Modi at the helm, India is rapidly emerging as a major force in the global clean energy transition. According to a report by EY, India ranks fourth globally in renewable energy capacity, a position driven by an impressive 36.5 per cent compound annual growth rate (CAGR) in solar power over the past decade. Through strategic investments in green hydrogen, electric vehicles, solar rooftop projects, and energy storage systems, India is not only accelerating its own energy transformation but also contributing significantly to the global shift towards a more sustainable future.

The Economic Survey 2024–25 highlighted that renewable sources now account for 47 per cent of India’s total installed power capacity.

The country has set a goal of reaching 500 GW of renewable energy capacity by 2030. With more than 200 GW already operational and additional capacity under development, India is making swift progress. To meet this target, the government has announced plans to tender 50 GW of clean energy projects annually until 2028.

India’s solar energy capacity has witnessed a phenomenal rise — from 2.82 GW in 2014 to over 100 GW by 2025, marking an extraordinary 3,450 per cent increase. In 2024 alone, India added a record 24.5 GW of solar capacity, effectively doubling the installations from the previous year. Government incentives, such as subsidies and low-interest loans, have been instrumental in this surge, with plans underway to install rooftop solar systems on 10 million homes across the country.

News source: Zee Business

India is steadily establishing itself as a global leader in clean energy, outpacing several major economies in renewable capacity growth and investment. The country remains deeply committed to building a cleaner, greener planet. It was among the first G20 nations to fulfil its green energy commitments under the Paris Agreement. While strengthening existing clean energy solutions, India is also focusing on adopting new and innovative approaches. Under the leadership of Prime Minister Narendra Modi since 2014, India is expected to achieve its target of generating 50 per cent of its electricity from renewable sources by 2030 — five years ahead of the original schedule. As the world grapples with the escalating effects of climate change, the transition to clean, sustainable energy solutions has become increasingly critical. Moving towards renewable sources such as solar, wind, and hydropower is now a global necessity. This transition not only mitigates the impacts of climate change but also fosters economic growth, strengthens energy security, and promotes societal well-being. With Prime Minister Modi at the helm, India is rapidly emerging as a major force in the global clean energy transition. According to a report by EY, India ranks fourth globally in renewable energy capacity, a position driven by an impressive 36.5 per cent compound annual growth rate (CAGR) in solar power over the past decade. Through strategic investments in green hydrogen, electric vehicles, solar rooftop projects, and energy storage systems, India is not only accelerating its own energy transformation but also contributing significantly to the global shift towards a more sustainable future. The Economic Survey 2024–25 highlighted that renewable sources now account for 47 per cent of India’s total installed power capacity. The country has set a goal of reaching 500 GW of renewable energy capacity by 2030. With more than 200 GW already operational and additional capacity under development, India is making swift progress. To meet this target, the government has announced plans to tender 50 GW of clean energy projects annually until 2028. India’s solar energy capacity has witnessed a phenomenal rise — from 2.82 GW in 2014 to over 100 GW by 2025, marking an extraordinary 3,450 per cent increase. In 2024 alone, India added a record 24.5 GW of solar capacity, effectively doubling the installations from the previous year. Government incentives, such as subsidies and low-interest loans, have been instrumental in this surge, with plans underway to install rooftop solar systems on 10 million homes across the country. News source: Zee Business

Next Story
Infrastructure Urban

GRM Overseas Reports Q1 FY26 Results; Strengthens Global & Domestic Presence

GRM Overseas has announced its unaudited financial results for the quarter ended 30 June 2025. The company reported a positive performance in terms of margins and profitability, despite topline pressures from global geopolitical challenges.Atul Garg, Managing Director, said:"We have maintained healthy margins and profitability while navigating short-term headwinds. Our focus remains on expanding our product portfolio, enhancing brand visibility, and deepening our distribution network. Internationally, we continue to hold a strong position in the Basmati rice export market, particularly in the ..

Next Story
Infrastructure Urban

Zuari Industries Posts Q1 FY26 Revenue Growth; PAT Turns Positive

Zuari Industries has announced its audited financial results for the quarter ended 30 June 2025.On a standalone basis, the company reported Revenue from Operations of Rs 2.10 billion and Operating EBITDA of Rs 220.4 million. Standalone Profit Before Tax (PBT), before exceptional items, stood at Rs 90 million.On a consolidated basis, Revenue rose 10.5 per cent year-on-year to Rs 2.67 billion, while Profit After Tax (PAT) stood at Rs 50 million compared to a loss of Rs 330.6 million in Q1 FY25.Segment HighlightsSugar, Power & Ethanol: Operations were impacted by an early mill closure due to ..

Next Story
Infrastructure Urban

Karnataka Bank Reports Q1 FY26 Net Profit of Rs 2.92 Bn

Karnataka Bank has announced a net profit of Rs 2.92 billion for the first quarter of FY26, compared to Rs 4 billion in Q1 FY25. The results were approved at the Board of Directors meeting held on 13 August 2025 at the Bank’s headquarters in Mangaluru.Asset Quality & Capital AdequacyGross NPA: 3.46 per cent, improved from 3.54 per cent in Q1 FY25.Net NPA: 1.44 per cent, down from 1.66 per cent in Q1 FY25.Capital Adequacy Ratio (CAR): 20.46 per cent, up from 17.64 per cent in Q1 FY25.Announcing the results, Raghavendra S Bhat, Managing Director & CEO, said:"The Bank has registered a m..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?