renewable energy capacity surge

India’s renewable energy capacity has tripled in just over a decade, jumping from 75.52 gigawatts in March 2014 to 232 gigawatts by May 2025. This massive growth shows how quickly the country’s moving toward cleaner energy sources.

The year 2024 was especially remarkable. India added a record 25 gigawatts of renewable energy capacity, which was 34.63% more than the 18.57 gigawatts added in 2023. By October 2024, the country reached 203.18 gigawatts, growing at an annual rate of 13.5%. When nuclear power‘s included, renewable energy now makes up nearly half of India’s total electricity generation capacity.

Solar energy’s leading this transformation. From just 2.82 gigawatts in 2014, solar capacity soared to over 108 gigawatts by 2025. The solar sector grew 27.9% annually, increasing from 72.02 gigawatts in October 2023 to 92.12 gigawatts in October 2024.

Solar capacity exploded from 2.82 gigawatts to over 108 gigawatts in just eleven years

Solar module manufacturing capacity also exploded, rising from 2 gigawatts in 2014 to 90 gigawatts in 2024. Experts expect it’ll reach 150 gigawatts by 2030. India has also established domestic production of solar cells at 25 gigawatts and wafers at 2GW capacity.

Wind power hasn’t been left behind. Its capacity more than doubled from 21 gigawatts in 2014 to 51 gigawatts in 2025. India’s strong wind development reflects global trends, with wind generation expected to supply one-third of additional global electricity demand from 2025 to 2027. Large hydropower projects are part of the renewable mix too, helping manage peak electricity demand and providing steady power throughout the year.

The government’s policies have driven much of this growth. India’s aiming for 500 gigawatts of non-fossil fuel capacity by 2030. Clear bidding processes and competitive pricing have attracted both Indian and foreign investors. The PM-Surya Ghar Muft Bijli Yojana benefitted 13.3 lakh households with nearly 12 lakh installations completed in just 10 months.

Solar electricity prices dropped by 80%, reaching Rs 10.95 per unit in major projects.

India’s now a global renewable energy leader. It ranked fifth worldwide for solar installations in 2023, adding 9.7 gigawatts that year. The country’s frequently listed among top markets for renewable energy investment.

This renewable transformation isn’t just about numbers. It’s reducing India’s dependence on fossil fuels and cutting emissions. Better technology, including improved grid systems and energy storage, helps manage the variable nature of solar and wind power.

As manufacturing grows and costs fall, India’s positioning itself as a key player in the global fight against climate change.

References

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