Year End Review 2024 of Ministry of New & Renewable Energy
Year End Review 2024 of Ministry of New & Renewable Energy
Union Ministry of New & Renewable Energy (MNRE) continued its remarkable journey toward transforming India’s energy landscape in 2024. This progress is in line with India’s commitment to achieving its 500 GW of non-fossil fuel energy in line with the ‘Panchamrit’ goals set by Prime Minister Shri Narendra Modi.
“Under Prime Minister Shri Narendra Modi’s transformative leadership, 2024 has marked a great moment in India’s renewable energy journey. Our achievement of more than 214 GW from non-fossil sources isn’t just a number – it represents our nation’s unwavering commitment to reaching our ambitious 500 GW goal by 2030, ” said Union Minister of New and Renewable Energy Shri Pralhad Joshi. The Minister added “As we step into 2025, India stands tall as a global lighthouse of sustainable development. Our achievements under Prime Minister Shri Modi aren’t merely about meeting targets; they’re about reimagining what’s possible in the worldwide energy transition. Through these initiatives, we’re crafting a blueprint for a future where economic growth and environmental stewardship go hand in hand.”
Shri Pralhad Joshi assumed the office of Union Minister of New and Renewable Energy in June 2024 and under his guidance, India crossed the 200 GW milestone of total installed Renewable Energy capacity in September 2024. The total installed non-fossil fuel capacity has further increased to 214 GW in November 2024 which is an increase of over 14% as compared to the 187.05 GW in the same period last year. Between April and November of 2024 alone, India added nearly 15 GW of renewable energy capacity, almost double the 7.57 GW added during the same period last year.
Overview of Key Events
MNRE hosted a series of significant events aimed at driving innovation, policy dialogue, and collaboration in renewable energy. The Ministry organised the 4th Global Renewable Energy Investment Meet & Expo (RE-INVEST), held from September 16-18 in Gandhinagar, Gujarat which showcased India’s renewable energy achievements and attracted global stakeholders. Earlier that month, from September 11-13, the 2nd International Conference on Green Hydrogen (ICGH) in New Delhi emphasized advancements in green hydrogen technology and India’s leadership in the sector. The Ministry organised Chintan Shivir in Bhubaneswar on 14th and 15th November, fostering discussions on future strategies with all stakeholders in RE Sector.
MNRE also organised other key events such as Banker’s Conclave on 14th May in Mumbai, which focused on financing under PM Kusum scheme. The International Partnership for Hydrogen and Fuel Cells in the Economy (IPHE) on 18-22 March 2024 and the World Hydrogen Summit on 15th May 2024 further highlighted India’s commitment to hydrogen as a sustainable energy solution. Additionally, MNRE hosted the National Biogas Road Map for Viksit Bharat on 21st May, a workshop on the National Green Hydrogen Mission on 6th june, and a National Workshop on Carbon Markets on 25th July, underscoring India’s comprehensive approach to achieving a sustainable energy future. This year also witnessed India’s innovative renewable energy solutions being showcased on international platforms such as the World Hydrogen Summit 2024 in Rotterdam, Netherlands.
Following are the major highlights of the activities of Ministry of New & Renewable Energy during the year 2024:
PM-Surya Ghar: Muft Bijli Yojana
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NATIONAL GREEN HYDROGEN MISSION
The Ministry continues implementation of the National Green Hydrogen Mission, approved with an outlay of ₹19,744 crore. The mission aims to establish India as a global hub for green hydrogen production and export.
Key achievements include:
Strategic Interventions for Green Hydrogen Transition (SIGHT) Programme implementation:
Under SIGHT Scheme (Mode 1 Tranche-II): Under this scheme guidelines by MNRE, this tranche includes a total capacity of 450,000 TPA, with 40,000 TPA reserved for biomass-based pathways.
2nd International Conference on Green Hydrogen (ICGH -2024)
REINVEST: Global Renewable Energy Summit
MNRE organized the 4th Global Renewable Energy Investment Meet & Expo (RE-INVEST) from 16th – 18th September 2024 at Mahatma Mandir, Gandhinagar, Gujarat. Inaugurated by the Prime Minister, the event highlighted India’s renewable energy achievements and commitment to the 500 GW non-fossil power target by 2030. State governments, banks, developers, and international delegations from Australia, Germany, USA, UK, and others participated, giving Shapath-Patra outlining targets and funding commitments. Over 10,000 delegates attended, with 44 sessions, including key discussions on Green Hydrogen’s applications across industries.
SOLAR ENERGY
SOLAR PARKS AND BATTERY STORAGE
SOLAR PV MODULE
WIND ENERGY
OFFSHORE WIND ENERGY
GEOTHERMAL ENERGY
PM JANMAN
MNRE is implementing the New Solar Power Scheme (for Particularly Vulnerable Tribal Groups (PVTG) Habitations/Villages) under the Pradhan Mantri Janjati Adivasi Nyaya Maha Abhiyan (PM JANMAN) to electrify un-electrified PVTG households, identified by the Ministry of Tribal Affairs, by providing off-grid solar systems where grid electricity is unavailable and not techno-economically feasible.
Rooftop Solar
Support to Promote New and Renewable Energy: TEDA is solarizing government buildings in Tamil Nadu, including offices, courts, and educational institutions. Tamil Nadu generated 33.17 BU of renewable energy in 2023-24 and 4.62 BU up to May 2024.
PM KUSUM
Significant progress achieved under various components:
BIOENERGY
National Biomass Program
Annual Bidding Trajectory
Renewable Purchase Obligation (RPO)
GREEN ENERGY CORRIDOR Phase II – Inter State Transmission System for 13 GW RE Projects in Ladakh
ACHIEVEMENTS UNDER PSUs
Indian Renewable Energy Development Agency (IREDA)
Solar Energy Corporation of India Limited(SECI)
INTERNATIONAL COOPERATION
ATAL AKSHAY URJA BHAWAN (MNRE Building)