Renewable energy capacity in India to increase by 113 per cent by 2024: Centre
NEW DELHI New Delhi: India added nearly 30 gigawatts (GW) of new renewable energy capacity last year, 113 per cent more than the 13.75 GW added in 2023, according to the Ministry of New and Renewable Energy. With the expansion, India’s total renewable energy capacity has reached 218 GW.
India has set a target of developing 500 GW of renewable energy capacity by 2030. To achieve this target, the country will have to install at least 50 GW of new renewable energy capacity every year over the next six years.
In a post on social media platform ‘X’, New and Renewable Energy Minister Pralhad Joshi said, “The exponential growth from 13.75 GW in 2023 to nearly 30 GW in 2024, resulting in achieving nearly 218 GW now underlines India’s growing commitment to clean energy and its progress in building a greener future.”
As per ministry data, India’s renewable energy capacity stood at 35.84 GW as on March 31, 2014.
Since fiscal 2014-15, India recorded the highest renewable capacity addition of 18.48 GW in 2023-24.
According to JMK Research, India installed 4.59 GW of new rooftop solar capacity in calendar year 2024 (January to December), 53 per cent higher than 2023. This growth is mainly due to the PM Surya Ghar Free Electricity Scheme, which was launched earlier this year. The scheme facilitated 7 lakh rooftop solar installations across the country in just 10 months.
The wind power sector sees new capacity addition of 3.4 GW in 2024, 21 per cent higher than 2023. 98 per cent of the wind power capacity installed in 2024 will be from three states – Gujarat (1,250 MW), Karnataka (1,135 MW) and Tamil Nadu (980 MW).
