India's Renewable Energy Capacity Hits 217.62 GW in 2024
POWER & RENEWABLE ENERGY

India's Renewable Energy Capacity Hits 217.62 GW in 2024

India’s non-fossil fuel energy capacity has reached 217.62 GW as of January 20, 2025, driven by unprecedented additions of 24.5 GW in solar capacity and 3.4 GW in wind capacity during 2024, according to official data. This milestone marks a significant step toward India’s ambitious goal of achieving 500 GW of non-fossil fuel energy capacity by 2030. Solar energy dominated the renewable mix, accounting for 47% of total installed capacity. Utility-scale solar installations saw remarkable growth, with 18.5 GW added in 2024—a 2.8-fold increase compared to 2023. Rajasthan, Gujarat, and Tamil Nadu spearheaded this growth, contributing 71% of the year's utility-scale additions. Rooftop solar also surged, with a 53% increase to 4.59 GW, bolstered by the PM Surya Ghar: Muft Bijli Yojana, which enabled 700,000 rooftop installations in just ten months. Off-grid solar recorded a 182% rise, adding 1.48 GW. Wind energy grew by 3.4 GW, with Gujarat (1,250 MW), Karnataka (1,135 MW), and Tamil Nadu (980 MW) leading the expansion, accounting for 98% of the new capacity. The Ministry of New and Renewable Energy (MNRE) played a key role by implementing policies that promoted green hydrogen, enhanced domestic manufacturing for solar PV and wind turbines, and upgraded grid infrastructure. Looking ahead, India’s renewable energy capacity is expected to grow further in 2025, with government support and private investments addressing challenges in infrastructure, financing, and regulatory frameworks. (ET)

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

India’s non-fossil fuel energy capacity has reached 217.62 GW as of January 20, 2025, driven by unprecedented additions of 24.5 GW in solar capacity and 3.4 GW in wind capacity during 2024, according to official data. This milestone marks a significant step toward India’s ambitious goal of achieving 500 GW of non-fossil fuel energy capacity by 2030. Solar energy dominated the renewable mix, accounting for 47% of total installed capacity. Utility-scale solar installations saw remarkable growth, with 18.5 GW added in 2024—a 2.8-fold increase compared to 2023. Rajasthan, Gujarat, and Tamil Nadu spearheaded this growth, contributing 71% of the year's utility-scale additions. Rooftop solar also surged, with a 53% increase to 4.59 GW, bolstered by the PM Surya Ghar: Muft Bijli Yojana, which enabled 700,000 rooftop installations in just ten months. Off-grid solar recorded a 182% rise, adding 1.48 GW. Wind energy grew by 3.4 GW, with Gujarat (1,250 MW), Karnataka (1,135 MW), and Tamil Nadu (980 MW) leading the expansion, accounting for 98% of the new capacity. The Ministry of New and Renewable Energy (MNRE) played a key role by implementing policies that promoted green hydrogen, enhanced domestic manufacturing for solar PV and wind turbines, and upgraded grid infrastructure. Looking ahead, India’s renewable energy capacity is expected to grow further in 2025, with government support and private investments addressing challenges in infrastructure, financing, and regulatory frameworks. (ET)

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement