The Ministry of New and Renewable Energy (MNRE) has released data showcasing significant growth in India’s renewable energy sector from October 2023 to October 2024, reflecting the nation’s strong commitment to meeting its clean energy goals as part of the ‘Panchamrit’ targets set by Prime Minister Shri Narendra Modi.
India’s total renewable energy installed capacity surged by 24.2 GW (13.5%), reaching 203.18 GW in October 2024, up from 178.98 GW in October 2023. This impressive growth supports India’s ambitious renewable energy objectives. When including nuclear energy, the total non-fossil fuel capacity reached 211.36 GW in 2024, up from 186.46 GW in 2023.
Solar and Wind Power Growth
Solar Power: India’s solar sector experienced a remarkable growth of 20.1 GW (27.9%), increasing from 72.02 GW in October 2023 to 92.12 GW in October 2024. The combined total solar capacity, including ongoing and tendered projects, now stands at 250.57 GW, a sharp rise from 166.49 GW last year.
Wind Power: Wind energy also saw steady progress, with installed capacity rising by 7.8%, from 44.29 GW in October 2023 to 47.72 GW in October 2024. The total pipeline capacity for wind projects now reaches 72.35 GW.
Capacity Additions
From April to October 2024, India added 12.6 GW of renewable energy capacity, with 1.72 GW installed in October alone, reflecting an accelerated shift towards renewable sources.
The progress is further evident in the expansion of projects under implementation and tendered. As of October 2024, 143.94 GW of renewable energy projects are under implementation, and 89.69 GW are tendered, up from 99.08 GW and 55.13 GW, respectively, in October 2023. This represents a steady and robust move towards achieving the nation’s clean energy goals.
Hydro and Nuclear Energy Contributions
In October 2024, large hydro projects contributed 46.93 GW to India’s renewable energy mix, while nuclear power contributed 8.18 GW. These contributions enhance the diversity and resilience of India’s energy portfolio, further strengthening the country’s approach to a green energy transition.
