India Must Double Renewable Capacity To Hit 500 GW Target
POWER & RENEWABLE ENERGY

India Must Double Renewable Capacity To Hit 500 GW Target

India’s renewable energy sector must nearly double its annual capacity additions to 50 gigawatts (GW) between 2025 and 2030 to meet the ambitious target of 500 GW, according to a report by S&P Global Ratings. This represents a significant jump from last year’s addition of 29 GW.

The global rating agency estimates that achieving this goal will require an investment of approximately USD 175 billion (around Rs 14.5 trillion) in capacity expansion, alongside up to USD 150 billion (about Rs 12.5 trillion) for the development and strengthening of transmission and distribution infrastructure.

As of March 2025, India’s renewable capacity stood at 214 GW. The coming five years are therefore critical in closing the gap to the 500 GW target by 2030. S&P Global Ratings highlighted that onshore financing will be a key driver in facilitating the capacity expansion.

Most renewable energy firms are expected to rely heavily on debt funding to support growth, although the sector remains attractive to both equity and debt investors, the report noted.

“More work needs to be done to expand India’s renewable energy capacity. We forecast at least 50 GW of annual renewable capacity addition will be required over 2025-2030 to achieve the 500 GW target by 2030. This will mean almost doubling last year’s capacity addition of 29 GW,” the report stated.

Solar power continues to be India’s preferred renewable source due to its cost-effectiveness and ease of implementation.

Currently, a large share of India’s electricity is generated from coal-fired power plants. Expanding renewable energy is viewed as essential to reducing the country’s dependence on conventional fossil fuel sources.

At the 2021 COP26 summit, India committed to an ambitious “Panchamrit” pledge, which includes reaching 500 GW of non-fossil electricity capacity, generating half of all energy needs from renewables, and cutting emissions by 1 billion tonnes by 2030. India also aims to reduce the emissions intensity of its GDP by 45 per cent and achieve net-zero emissions by 2070.


India’s renewable energy sector must nearly double its annual capacity additions to 50 gigawatts (GW) between 2025 and 2030 to meet the ambitious target of 500 GW, according to a report by S&P Global Ratings. This represents a significant jump from last year’s addition of 29 GW.The global rating agency estimates that achieving this goal will require an investment of approximately USD 175 billion (around Rs 14.5 trillion) in capacity expansion, alongside up to USD 150 billion (about Rs 12.5 trillion) for the development and strengthening of transmission and distribution infrastructure.As of March 2025, India’s renewable capacity stood at 214 GW. The coming five years are therefore critical in closing the gap to the 500 GW target by 2030. S&P Global Ratings highlighted that onshore financing will be a key driver in facilitating the capacity expansion.Most renewable energy firms are expected to rely heavily on debt funding to support growth, although the sector remains attractive to both equity and debt investors, the report noted.“More work needs to be done to expand India’s renewable energy capacity. We forecast at least 50 GW of annual renewable capacity addition will be required over 2025-2030 to achieve the 500 GW target by 2030. This will mean almost doubling last year’s capacity addition of 29 GW,” the report stated.Solar power continues to be India’s preferred renewable source due to its cost-effectiveness and ease of implementation.Currently, a large share of India’s electricity is generated from coal-fired power plants. Expanding renewable energy is viewed as essential to reducing the country’s dependence on conventional fossil fuel sources.At the 2021 COP26 summit, India committed to an ambitious “Panchamrit” pledge, which includes reaching 500 GW of non-fossil electricity capacity, generating half of all energy needs from renewables, and cutting emissions by 1 billion tonnes by 2030. India also aims to reduce the emissions intensity of its GDP by 45 per cent and achieve net-zero emissions by 2070.

Next Story
Infrastructure Energy

New Push to Cut India’s Air Pollution through Power Sector Reforms

In a significant stride toward environmental sustainability, Cummins India introduced CPCB IV+ compliant gensets to India on July 5, 2023, marking a paradigm shift in the power generation industry. These generators are engineered to adhere to the progressive emission norms set by the Ministry of Environment, Forest, and Climate Change. Being the first sets in the field, they have garnered praise for their remarkable achievements in emissions reduction and cutting-edge technology. Powerica, with its four-decade-long partnership with Cummins India Limited, is dedicated to consistently deliver th..

Next Story
Infrastructure Transport

Saarstahl Rail to Supply Tracks for Bengaluru Suburban Rail Project

Rail Infrastructure Development Company Karnataka Limited (K-RIDE) has identified Saarstahl Rail as the lowest bidder for the track supply contract in the Bangalore Suburban Railway Project. The selected contractor will be responsible for supplying 60E1 (UIC 60), 1080 HH Grade rails in accordance with IRS-T-12-2009 standards (including all amendments and correction slips) for two specific sections: Corridor 2, from Baiyappanahalli to Chikkabanavara, and Corridor 4, between Heelalige and Rajankunte.The tender for this supply contract, which includes a completion deadline of 365 days, was issued..

Next Story
Infrastructure Transport

Railways Unveils Major Reforms to Improve Train Controller System

In a major initiative to enhance railway safety and efficiency, the Ministry of Railways has introduced a series of reforms aimed at improving the functioning and working conditions of train controllers. The measures focus on strengthening domain expertise, ensuring performance accountability, and addressing the high-stress nature of the job.Under the new guidelines, train controllers will be required to serve a minimum of three years in the control office to build sufficient operational knowledge. Only experienced and high-performing traffic inspectors and station masters with strong service ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?