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India’s RE Capacity Surpasses 200 GW, Solar Grows by 28 Percent: MNRE

India's renewable energy capacity reached a new high of 203.18 GW in October 2024, marking a 13.5 percent annual increase, in alignment with its 'Panchamrit' goals. This growth is led by the solar sector which has reached 92.12 GW in October 2024, marking a 27.9 percent annual growth.

November 13, 2024. By Mrinmoy Dey

India's total renewable energy installed capacity increased by a staggering 24.2 GW i.e. 13.5 percent in a year, reaching 203.18 GW in October 2024 from 178.98 GW in October 2023, according to the latest data from the Ministry of New and Renewable Energy (MNRE).

This significant rise aligns with India’s ambitious targets in the field of RE sector in line with the ‘Panchamrit’ goals set by Prime Minister Narendra Modi. Including nuclear energy, the total non-fossil fuel capacity rose to 211.36 GW in 2024, compared to 186.46 GW in 2023.

The solar sector saw a remarkable increase of 20.1 GW (27.9 percent), growing from 72.02 GW in October 2023 to 92.12 GW in October 2024. The combined total solar capacity, including projects under implementation and tendered, now stands at 250.57 GW, a significant rise from 166.49 GW last year.

Wind energy also demonstrated steady growth, with installed capacity increasing by 7.8 percent, from 44.29 GW in October 2023 to 47.72 GW in 2024. The total capacity in the pipeline for wind projects has now reached 72.35 GW.

“Over the past year, solar capacity has surged by an impressive 28 percent, and wind energy has seen a growth of almost 8 percent. This significant increase is a testament to our commitment to sustainable development and clean energy,” Minister of New and Renewable Energy Pralhad Joshi posted on X.

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.

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.

Tags:

Power R&D

Ministry of New and Renewable Energy

Renewable energy capacity in India

Solar energy capacity

Panchamrit goals

Pralhad Joshi

Hydro projects capacity