Renewable Energy Dominates India's New Power Generation

09 May 2024 CW Team

The surge in renewable energy capacity additions is driven by various factors, including government policies and incentives aimed at promoting clean energy adoption, declining costs of renewable technologies, and increasing awareness of environmental sustainability. Solar and wind power are particularly prominent in India's renewable energy portfolio, with significant investments and rapid deployment contributing to their growth.

The dominance of renewable energy in India's new power generation reflects a broader global trend towards cleaner and more sustainable energy sources. As concerns about climate change and air pollution continue to mount, governments, businesses, and consumers are increasingly turning to renewable energy as a viable alternative to fossil fuels.

Furthermore, the growth of renewable energy is expected to have positive socio-economic impacts, including job creation, economic growth, and improved energy access, particularly in rural and remote areas. By leveraging its abundant renewable energy resources, India has the potential to become a global leader in clean energy transition and contribute significantly to the fight against climate change.

However, despite the impressive growth of renewable energy, challenges remain, including intermittency issues, grid integration challenges, and policy uncertainties. Addressing these challenges will require coordinated efforts from government, industry, and other stakeholders to ensure a smooth transition to a more sustainable and resilient energy system.

Overall, India's achievement of having renewable energy account for 71% of its new power generation in FY 24 is a significant milestone in its journey towards a cleaner, greener, and more sustainable energy future. It demonstrates the country's commitment to embracing renewable energy technologies and accelerating the transition to a low-carbon economy.

In the fiscal year 2023-24, renewable energy sources emerged as the dominant force in India's new power generation landscape, accounting for a substantial 71% of the total new capacity added to the grid. This significant shift towards renewable energy underscores India's commitment to reducing carbon emissions, promoting sustainable development, and diversifying its energy mix. The surge in renewable energy capacity additions is driven by various factors, including government policies and incentives aimed at promoting clean energy adoption, declining costs of renewable technologies, and increasing awareness of environmental sustainability. Solar and wind power are particularly prominent in India's renewable energy portfolio, with significant investments and rapid deployment contributing to their growth. The dominance of renewable energy in India's new power generation reflects a broader global trend towards cleaner and more sustainable energy sources. As concerns about climate change and air pollution continue to mount, governments, businesses, and consumers are increasingly turning to renewable energy as a viable alternative to fossil fuels. Furthermore, the growth of renewable energy is expected to have positive socio-economic impacts, including job creation, economic growth, and improved energy access, particularly in rural and remote areas. By leveraging its abundant renewable energy resources, India has the potential to become a global leader in clean energy transition and contribute significantly to the fight against climate change. However, despite the impressive growth of renewable energy, challenges remain, including intermittency issues, grid integration challenges, and policy uncertainties. Addressing these challenges will require coordinated efforts from government, industry, and other stakeholders to ensure a smooth transition to a more sustainable and resilient energy system. Overall, India's achievement of having renewable energy account for 71% of its new power generation in FY 24 is a significant milestone in its journey towards a cleaner, greener, and more sustainable energy future. It demonstrates the country's commitment to embracing renewable energy technologies and accelerating the transition to a low-carbon economy.

Infrastructure Transport

15 Sep 2025

Cabinet Approves Key Highway and Rail Projects in Bihar Region

The Union Cabinet on Wednesday approved the four-laning of the 84.2-km Mokama-Munger section of the Buxar-Bhagalpur high-speed corridor, a key industrial region in poll-bound Bihar. The Cabinet also sanctioned the doubling of the 177-km Bhagalpur-Dumka-Rampurhat railway line, which passes through Bihar, Jharkhand, and West Bengal, at a cost of Rs 31.7 billion.The Rs 44.5 billion highway project will be constructed under the hybrid annuity model, a variant of public-private partnership. The Mokama-Munger stretch was the only remaining two-lane section of the 363-km Buxar-Bhagalpur corridor. Fou..

Infrastructure Transport

15 Sep 2025

NGT Issues Notice on Bengaluru Twin Tunnel Project

The National Green Tribunal (NGT) on Wednesday issued notices in response to a petition filed by Bengaluru Praja Vedike and others, challenging the Bengaluru twin tunnel road project. Petitioners claim the project was “hastily announced” and bypassed mandatory environmental impact assessment procedures.Notices have been served to the Karnataka Government, Greater Bengaluru Authority, State Environment Impact Assessment Authority (SEIAA), Bengaluru Smart Infrastructure Ltd (B-SMILE), the Union Ministry of Environment, Forest and Climate Change, and project consultants.The 16.74-km twin-tube..

Real Estate

15 Sep 2025

India’s Residential Sales to Dip Slightly in FY26

Residential sales in India’s seven major cities are projected to decline by up to 3 per cent year-on-year in FY26 to 620–640 million square feet (msf), amid a moderation in sales velocity, according to ratings agency Icra.In FY25, sales stood at 643 msf, down 8 per cent YoY, following a sharp contraction in new launches and moderated demand in the affordable and mid-income segments. This slowdown came after the sector posted a robust compound annual growth rate of 26 per cent in area sales between FY22 and FY24.Icra noted: “Having seen a strong upcycle, the sector entered an equilibrium ..