India is Now a Global Leader in Green Energy with 214 GW Capacity
POWER & RENEWABLE ENERGY

India is Now a Global Leader in Green Energy with 214 GW Capacity

As India enters the new year, it concludes 2024 with an impressive 214 GW of installed green energy capacity, positioning the country on track to meet its ambitious target of 500 GW of non-fossil fuel-based energy by 2030, as reported by the Ministry of New and Renewable Energy.

Between April and November 2024, India added nearly 15 GW of renewable energy capacity—almost double the 7.57 GW added during the same period in 2023.

"As we step into 2025, India stands tall as a global lighthouse of sustainable development. Our achievements aren't just about meeting targets; they are about redefining what's possible in the global energy transition," said Union Minister of New and Renewable Energy, Pralhad Joshi.

India surpassed the 200 GW milestone in renewable energy capacity in September 2024, reaching 214 GW by November, a 14% increase from 187.05 GW in the same period last year. “Under the transformative leadership of Prime Minister Narendra Modi, 2024 marked a pivotal moment in India’s renewable energy journey. Achieving over 214 GW from non-fossil sources reflects our steadfast commitment to meeting the 500 GW target by 2030," Joshi added.

India’s solar capacity reached 94.17 GW in 2024, with wind energy capacity standing at 47.96 GW. The combined total of installed and pipeline solar projects as of November 2024 is 261.15 GW, showcasing a strong pipeline for growth.

The 'PM Surya Ghar: Muft Bijli Yojana' (PMSGMBY), launched in February 2024, has seen significant progress, with 700,000 installations within just 10 months—representing a tenfold increase in monthly installations compared to pre-launch numbers. States like Gujarat, Maharashtra, Kerala, and Uttar Pradesh have shown exceptional progress due to strong infrastructure and stakeholder collaboration.

With an allocated budget of Rs 750.21 billion, the scheme aims to install rooftop solar systems in 10 million households, offering up to 300 units of free electricity monthly, and subsidies ranging from Rs 30,000 to Rs 78,000 per household. The government has also introduced incentives for DISCOMs worth Rs 49.5 billion, focusing on facilitating net meter availability and installation.

Under the PM KUSUM scheme, over 295,000 off-grid solar water pumps have been installed for farmers, while 3.5 million grid-connected agricultural pumps have been solarised. By November 2024, approximately 11.34 GW of solar capacity had been installed.

On the wind energy front, India’s cumulative wind power capacity stood at 47.96 GW by November 2024, with total installed and pipeline wind energy projects reaching 74.44 GW. Gujarat, Karnataka, and Tamil Nadu have been key contributors to wind capacity additions during FY 2023-24.

The government continues to advance the National Green Hydrogen Mission with an outlay of Rs 197.44 billion, aimed at establishing India as a global hub for green hydrogen production and export.

(ET)

As India enters the new year, it concludes 2024 with an impressive 214 GW of installed green energy capacity, positioning the country on track to meet its ambitious target of 500 GW of non-fossil fuel-based energy by 2030, as reported by the Ministry of New and Renewable Energy. Between April and November 2024, India added nearly 15 GW of renewable energy capacity—almost double the 7.57 GW added during the same period in 2023. As we step into 2025, India stands tall as a global lighthouse of sustainable development. Our achievements aren't just about meeting targets; they are about redefining what's possible in the global energy transition, said Union Minister of New and Renewable Energy, Pralhad Joshi. India surpassed the 200 GW milestone in renewable energy capacity in September 2024, reaching 214 GW by November, a 14% increase from 187.05 GW in the same period last year. “Under the transformative leadership of Prime Minister Narendra Modi, 2024 marked a pivotal moment in India’s renewable energy journey. Achieving over 214 GW from non-fossil sources reflects our steadfast commitment to meeting the 500 GW target by 2030, Joshi added. India’s solar capacity reached 94.17 GW in 2024, with wind energy capacity standing at 47.96 GW. The combined total of installed and pipeline solar projects as of November 2024 is 261.15 GW, showcasing a strong pipeline for growth. The 'PM Surya Ghar: Muft Bijli Yojana' (PMSGMBY), launched in February 2024, has seen significant progress, with 700,000 installations within just 10 months—representing a tenfold increase in monthly installations compared to pre-launch numbers. States like Gujarat, Maharashtra, Kerala, and Uttar Pradesh have shown exceptional progress due to strong infrastructure and stakeholder collaboration. With an allocated budget of Rs 750.21 billion, the scheme aims to install rooftop solar systems in 10 million households, offering up to 300 units of free electricity monthly, and subsidies ranging from Rs 30,000 to Rs 78,000 per household. The government has also introduced incentives for DISCOMs worth Rs 49.5 billion, focusing on facilitating net meter availability and installation. Under the PM KUSUM scheme, over 295,000 off-grid solar water pumps have been installed for farmers, while 3.5 million grid-connected agricultural pumps have been solarised. By November 2024, approximately 11.34 GW of solar capacity had been installed. On the wind energy front, India’s cumulative wind power capacity stood at 47.96 GW by November 2024, with total installed and pipeline wind energy projects reaching 74.44 GW. Gujarat, Karnataka, and Tamil Nadu have been key contributors to wind capacity additions during FY 2023-24. The government continues to advance the National Green Hydrogen Mission with an outlay of Rs 197.44 billion, aimed at establishing India as a global hub for green hydrogen production and export. (ET)

Related Stories

Gold Stories

Next Story
Products

Koemmerling opens Navi Mumbai experience centre

Koemmerling, a brand of the profine Group, has expanded its presence in the Mumbai metropolitan region with the opening of a new experience centre in Navi Mumbai and launched its Allure S46 minimal sliding door system for the Indian market.Located in CBD Belapur, the facility was inaugurated by Peter Mrosik, Owner and CEO, profine Group, along with Farid Khan, Chairman and Managing Director, profine India, and Kamal Bajaj, CEO, profine India.The company said the new centre will showcase its portfolio of uPVC and aluminium window and door systems to architects, developers and homeowners.The ina..

Next Story
Products

India's waterproofing market nears Rs 150 bn milestone

India's waterproofing industry is approaching a market size of Rs 150 billion and is expected to surpass the $2 billion milestone, according to speakers at the 2nd India International Waterproofers Conference & Expo 2026 organised by the Waterproofers Association of India (WAI) in New Delhi.The two-day event brought together more than 20 speakers, 55 international delegates and 53 exhibition booths, with discussions focusing on climate-resilient construction, advanced waterproofing technologies and international collaboration.Inaugurating the event, Durga Shanker Mishra, former Secretary, ..

Next Story
Real Estate

Dilip Buildcon Q1 FY27 Revenue at Rs 23.78 billion

Dilip Buildcon Limited reported consolidated revenue from operations of Rs 2,378 crore in Q1 FY27, along with EBITDA of Rs 429 crore and profit after tax of Rs 128 crore.Consolidated EBITDA margin stood at 18.1%, improving from 17.1% in Q4 FY26. On a standalone basis, revenue from operations was Rs 1,930 crore, EBITDA stood at Rs 199 crore and PAT was Rs 39 crore, with an EBITDA margin of 10.3%.The company’s order book stood at Rs 27,691 crore as of 30 June 2026, compared with Rs 28,830 crore as of 31 March 2026. Roads and highways accounted for 17.1% of the order book, irrigation and water ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement