India's Renewable Energy Capacity Grows by 113% in 2024
POWER & RENEWABLE ENERGY

India's Renewable Energy Capacity Grows by 113% 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 set an ambitious target of developing 500 GW of renewable energy capacity by 2030. To meet this target, India will need to install at least 50 GW of new renewable energy capacity annually over the next six years.

In a post on the social media platform 'X', New and Renewable Energy Minister Pralhad Joshi highlighted that the exponential growth from 13.75 GW in 2023 to approximately 30 GW in 2024, which has brought the total to nearly 218 GW, underscores India's growing commitment to clean energy and its progress toward building a greener future.

According to the ministry's data, India had a renewable energy capacity of 35.84 GW as of March 31, 2014. Since the financial year 2014-15, the highest renewable energy capacity addition recorded was 18.48 GW in 2023-24.

As per JMK Research, India installed 4.59 GW of new rooftop solar capacity in the calendar year 2024 (from January to December), a 53 per cent increase over 2023. This growth was primarily attributed to the PM Surya Ghar Free Bijli Yojana, which was launched earlier in the year. The scheme facilitated 7 lakh rooftop solar installations across the country in just 10 months.

The wind sector also saw an increase, with 3.4 GW of new capacity added in 2024, a 21 per cent rise compared to 2023. Notably, 98 per cent of the installed wind energy capacity in 2024 came from three states—Gujarat (1,250 MW), Karnataka (1,135 MW), and Tamil Nadu (980 MW).

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 set an ambitious target of developing 500 GW of renewable energy capacity by 2030. To meet this target, India will need to install at least 50 GW of new renewable energy capacity annually over the next six years. In a post on the social media platform 'X', New and Renewable Energy Minister Pralhad Joshi highlighted that the exponential growth from 13.75 GW in 2023 to approximately 30 GW in 2024, which has brought the total to nearly 218 GW, underscores India's growing commitment to clean energy and its progress toward building a greener future. According to the ministry's data, India had a renewable energy capacity of 35.84 GW as of March 31, 2014. Since the financial year 2014-15, the highest renewable energy capacity addition recorded was 18.48 GW in 2023-24. As per JMK Research, India installed 4.59 GW of new rooftop solar capacity in the calendar year 2024 (from January to December), a 53 per cent increase over 2023. This growth was primarily attributed to the PM Surya Ghar Free Bijli Yojana, which was launched earlier in the year. The scheme facilitated 7 lakh rooftop solar installations across the country in just 10 months. The wind sector also saw an increase, with 3.4 GW of new capacity added in 2024, a 21 per cent rise compared to 2023. Notably, 98 per cent of the installed wind energy capacity in 2024 came from three states—Gujarat (1,250 MW), Karnataka (1,135 MW), and Tamil Nadu (980 MW).

Next Story
Infrastructure Urban

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group’s Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence’s long-term commitment to the Indian market and its support for the Indian Government’s Make in India initiative. The partnership’s current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the “Vulc..

Next Story
Infrastructure Urban

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company’s growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Next Story
Infrastructure Urban

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association’s industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States’ share of global activity below 15 per cent. Meanwhile, in..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?