+
India's renewable capacity hits 203 GW, solar grows 28%: MNRE
POWER & RENEWABLE ENERGY

India's renewable capacity hits 203 GW, solar grows 28%: MNRE

India’s renewable energy capacity increased by 24.2 GW, or 13.5 per cent, reaching a total of 203.18 GW in October 2024, according to the latest data from the Ministry of New and Renewable Energy (MNRE). This growth, from 178.98 GW in October 2023, highlights India’s dedication to clean energy and aligns with the ‘Panchamrit’ goals outlined by Prime Minister Narendra Modi.

The growth in renewable energy is mainly driven by solar, which saw an increase of 20.1 GW, reflecting a 27.9 per cent rise from 72.02 GW in October 2023 to 92.12 GW in 2024. The total solar capacity, including projects under implementation and those tendered, now stands at 250.57 GW, up from 166.49 GW the previous year. Wind energy also grew, with its installed capacity rising by 7.8 per cent, from 44.29 GW to 47.72 GW. The wind energy pipeline now holds a total of 72.35 GW in projects.

From April to October 2024, 12.6 GW of renewable capacity was added, including 1.72 GW in October alone. By October 2024, renewable projects under implementation had reached 143.94 GW, and 89.69 GW were tendered, showing strong progress toward India’s clean energy targets. Large hydro projects contributed 46.93 GW, while nuclear power added 8.18 GW to the renewable portfolio, strengthening India’s energy mix.

Minister of New and Renewable Energy, Pralhad Joshi, stated on X that solar capacity had surged by an impressive 28 per cent over the past year, and wind energy had grown by nearly 8 per cent. He emphasised that these significant increases demonstrate India’s commitment to sustainable development and clean energy.

India’s renewable energy capacity increased by 24.2 GW, or 13.5 per cent, reaching a total of 203.18 GW in October 2024, according to the latest data from the Ministry of New and Renewable Energy (MNRE). This growth, from 178.98 GW in October 2023, highlights India’s dedication to clean energy and aligns with the ‘Panchamrit’ goals outlined by Prime Minister Narendra Modi. The growth in renewable energy is mainly driven by solar, which saw an increase of 20.1 GW, reflecting a 27.9 per cent rise from 72.02 GW in October 2023 to 92.12 GW in 2024. The total solar capacity, including projects under implementation and those tendered, now stands at 250.57 GW, up from 166.49 GW the previous year. Wind energy also grew, with its installed capacity rising by 7.8 per cent, from 44.29 GW to 47.72 GW. The wind energy pipeline now holds a total of 72.35 GW in projects. From April to October 2024, 12.6 GW of renewable capacity was added, including 1.72 GW in October alone. By October 2024, renewable projects under implementation had reached 143.94 GW, and 89.69 GW were tendered, showing strong progress toward India’s clean energy targets. Large hydro projects contributed 46.93 GW, while nuclear power added 8.18 GW to the renewable portfolio, strengthening India’s energy mix. Minister of New and Renewable Energy, Pralhad Joshi, stated on X that solar capacity had surged by an impressive 28 per cent over the past year, and wind energy had grown by nearly 8 per cent. He emphasised that these significant increases demonstrate India’s commitment to sustainable development and clean energy.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code