India’s Renewable Energy Sector Achieves Significant Growth
India’s Renewable Energy Sector Achieves Significant Growth
The Ministry of New and Renewable Energy (MNRE) has released its latest data, highlighting substantial growth in India’s renewable energy sector from October 2023 to October 2024. This progress underscores India’s commitment to achieving its clean energy targets in line with the ‘Panchamrit’ goals set by Prime Minister Shri Narendra Modi.
India’s total renewable energy installed capacity increased by a staggering 24.2 GW (13.5%) in a year, reaching 203.18 GW in October 2024 from 178.98 GW in October 2023. This significant rise aligns with India’s ambitious targets in the field of RE sector. Including nuclear energy, the total non-fossil fuel capacity rose to 211.36 GW in 2024, compared to 186.46 GW in 2023.
Solar and Wind Power Surge
Capacity Additions
From April to October 2024, India added 12.6 GW of renewable energy capacity. In October 2024 alone, 1.72 GW was installed, marking an accelerated shift towards renewable energy.
The renewable energy projects under implementation and tendered saw significant expansion, with 143.94 GW under implementation and 89.69 GW tendered as of October 2024. This is a notable increase from 99.08 GW under implementation and 55.13 GW tendered as of October 2023, ensuring consistent progress towards India’s clean energy targets.
Hydro and Nuclear Contributions
As of October 2024, large hydro projects contributed 46.93 GW to India’s renewable portfolio, while nuclear power capacity contributed 8.18 GW. These contributions strengthen the diversity and resilience of India’s renewable energy mix, supporting the country’s comprehensive approach to green energy transition.
New Benchmark in Renewable Energy
Over the past year, solar capacity has surged by an impressive 28%, and wind energy has seen a growth of almost 8%. This significant increase is a testament to our commitment to sustainable development and clean energy.@mnreindia pic.twitter.com/bst2G8N4iD