India's RE Capacity Grows by 113 per cent in 2024
POWER & RENEWABLE ENERGY

India's RE Capacity Grows by 113 per cent in 2024

India added about 30 GW (Gigawatt) of new renewable energy capacity last year, marking a 113 per cent increase compared to the 13.75 GW added in 2023, as reported by the Ministry of New and Renewable Energy. With this expansion, India's total renewable energy capacity has reached 218 GW. The country has an target of 500 GW of renewable energy by 2030. The exponential growth from 13.75 GW in 2023 to approximately 30 GW in 2024, which has brought the total to nearly 218 GW. India will need to install at least 50 GW of new renewable energy capacity annually over the next six years. Since 2014, the highest renewable energy capacity addition recorded was in 2023.

Contact: Ministry of New & Renewable Energy

Website: mnre.gov.in

PM Modi Launches NTPC Green Hydrogen Hub

Prime Minister Narendra Modi virtually launched the NTPC Green Energy (NGEL) Green Hydrogen Hub Project in Pudimadaka, Andhra Pradesh, marking a significant milestone in India’s sustainable energy journey. The project, a key part of the National Green Hydrogen Mission, is a collaboration between NGEL and NREDCAP. It will install 20 GW of renewable energy capacity, produce 1500 tonne per day (TPD) of green hydrogen, and 7500 TPD of green hydrogen derivatives, such as green methanol and sustainable aviation fuel. The project is set to generate `1.85 trillion in investment and create jobs, supporting India’s renewable energy ambitions.

Contact: National Thermal Power Corporation (NTPC)

Website: www.ntpc.co.in

MNRE Issues Operational Guidelines for PM-Surya Ghar

Ministry of New and Renewable Energy (MNRE) has released operational guidelines for the PM-Surya Ghar: Muft Bijli Yojana, aimed at promoting rooftop solar systems in the residential sector. The guidelines introduce two models for implementation: the RESCO (Renewable Energy Service Company) model, where third-party entities fund installations and consumers pay only for consumed electricity, and the Utility-Led Aggregationmodel, where DISCOM entities install solar systems for households. A `1 billion corpus fund has been allocated for Payment Security Mechanism (PSM) to reduce investment risks.

Contact: Ministry of New and Renewable Energy (MNRE)

Website: www.mnre.gov.in

Sembcorp Signs 720,000-MTPA Hydrogen Plant MOU

Sembcorp, a Singapore-based energy and urban solutions provider, has signed two non-binding Memoranda of Understanding (MoUs) with the Government of Odisha to explore the development of a 720,000 metric tonne per annum green hydrogen production facility and an industrial park. The MoUs were signed with the Industrial Promotion & Investment Corporation of Odisha and the Odisha Industrial Infrastructure Development Corporation, through Sembcorp Green Hydrogen India and Sembcorp Development. The projects are expected to generate over 2,000 jobs. These MoUs are part of the broader Singapore- India framework to enhance bilateral collaboration.

Contact: Sembcorp

Website: www.sembcorp.com

Adani Energy Solutions Order Book Rises to Rs.547 Billion

Adani Energy Solutions (AESL) has secured two transmission projects in Rajasthan, increasing its order book to Rs.547 billion (bn), over three times its value at the start of FY24. These projects, including the Rs.250 bn Bhadla- Fatehpur HVDC project, boost AESL's market share in tariff-based competitive bidding (TBCB) to 24 per cent. The company added 1,000 circuit km to its network, now totalling 26,485 km. AESL targets commissioning `273 billion of projects by 2026, with significant growth in smart metering.

Contact: Adani Energy Solutions (AESL)

Website: www.adanienergysolutions.


India added about 30 GW (Gigawatt) of new renewable energy capacity last year, marking a 113 per cent increase compared to the 13.75 GW added in 2023, as reported by the Ministry of New and Renewable Energy. With this expansion, India's total renewable energy capacity has reached 218 GW. The country has an target of 500 GW of renewable energy by 2030. The exponential growth from 13.75 GW in 2023 to approximately 30 GW in 2024, which has brought the total to nearly 218 GW. India will need to install at least 50 GW of new renewable energy capacity annually over the next six years. Since 2014, the highest renewable energy capacity addition recorded was in 2023.Contact: Ministry of New & Renewable EnergyWebsite: mnre.gov.inPM Modi Launches NTPC Green Hydrogen HubPrime Minister Narendra Modi virtually launched the NTPC Green Energy (NGEL) Green Hydrogen Hub Project in Pudimadaka, Andhra Pradesh, marking a significant milestone in India’s sustainable energy journey. The project, a key part of the National Green Hydrogen Mission, is a collaboration between NGEL and NREDCAP. It will install 20 GW of renewable energy capacity, produce 1500 tonne per day (TPD) of green hydrogen, and 7500 TPD of green hydrogen derivatives, such as green methanol and sustainable aviation fuel. The project is set to generate `1.85 trillion in investment and create jobs, supporting India’s renewable energy ambitions.Contact: National Thermal Power Corporation (NTPC)Website: www.ntpc.co.inMNRE Issues Operational Guidelines for PM-Surya GharMinistry of New and Renewable Energy (MNRE) has released operational guidelines for the PM-Surya Ghar: Muft Bijli Yojana, aimed at promoting rooftop solar systems in the residential sector. The guidelines introduce two models for implementation: the RESCO (Renewable Energy Service Company) model, where third-party entities fund installations and consumers pay only for consumed electricity, and the Utility-Led Aggregationmodel, where DISCOM entities install solar systems for households. A `1 billion corpus fund has been allocated for Payment Security Mechanism (PSM) to reduce investment risks.Contact: Ministry of New and Renewable Energy (MNRE)Website: www.mnre.gov.inSembcorp Signs 720,000-MTPA Hydrogen Plant MOUSembcorp, a Singapore-based energy and urban solutions provider, has signed two non-binding Memoranda of Understanding (MoUs) with the Government of Odisha to explore the development of a 720,000 metric tonne per annum green hydrogen production facility and an industrial park. The MoUs were signed with the Industrial Promotion & Investment Corporation of Odisha and the Odisha Industrial Infrastructure Development Corporation, through Sembcorp Green Hydrogen India and Sembcorp Development. The projects are expected to generate over 2,000 jobs. These MoUs are part of the broader Singapore- India framework to enhance bilateral collaboration.Contact: SembcorpWebsite: www.sembcorp.comAdani Energy Solutions Order Book Rises to Rs.547 BillionAdani Energy Solutions (AESL) has secured two transmission projects in Rajasthan, increasing its order book to Rs.547 billion (bn), over three times its value at the start of FY24. These projects, including the Rs.250 bn Bhadla- Fatehpur HVDC project, boost AESL's market share in tariff-based competitive bidding (TBCB) to 24 per cent. The company added 1,000 circuit km to its network, now totalling 26,485 km. AESL targets commissioning `273 billion of projects by 2026, with significant growth in smart metering.Contact: Adani Energy Solutions (AESL)Website: www.adanienergysolutions.

Next Story
Infrastructure Energy

South West Pinnacle Wins Rs 30 Cr Oman Mining Contract

South West Pinnacle Exploration Ltd has secured a Rs 30 crore contract from Minerals Development Oman (MDO) for mining exploration in concession areas 12B and 13.The two-year project will be carried out via Alara Resources LLC, a JV in Oman. MDO, backed by Oman’s investment authorities, focuses on monetising mineral wealth.The contract covers copper, gold, and chromite and highlights South West Pinnacle’s growing footprint in international exploration and mining services. ..

Next Story
Equipment

Godrej GEG Boosts Intralogistics with AI and Green Tech

Godrej Enterprises Group (GEG) is revolutionising warehouse and factory logistics through its Material Handling Equipment and Storage Solutions arms by integrating AI, IoT, and automation.With 20–25% market share and 85% local sourcing, GEG champions Atmanirbhar Bharat and sustainability. The Chennai plant, a green manufacturing leader, uses RoHS-compliant materials and has slashed energy consumption by 60%.GEG serves e-commerce, FMCG, retail, and cold chains with high-performance racking and electric forklifts. Upcoming IoT-enabled forklifts and telematics solutions aim to improve speed, sa..

Next Story
Infrastructure Urban

Amit Shah Inaugurates Key Projects Across Gujarat

Union Home Minister Amit Shah inaugurated and laid the foundation stone for various projects in Gujarat’s Panchmahal district and Ahmedabad.In Godhra, he inaugurated the Center of Excellence building, sports complex, reservoir, and Miyawaki plantation. In Ahmedabad, he unveiled a new cooperative complex in Adaroda village and a primary school in Juwal.These projects, under the Model Co-op Village scheme, aim to boost education, sustainability, and rural development across the state. ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?