India has made remarkable strides in expanding its renewable energy capacity, reaching a total of 203.18 GW by October 2024, which marks a 13.5% increase or 24.2 GW from the previous year’s total of 178.98 GW. This substantial growth is in alignment with India’s ambitious renewable energy targets set by the Ministry of New and Renewable Energy (MNRE). The country’s focus on renewable energy highlights its commitment to a sustainable energy future and its pursuit of clean energy goals.

Solar Energy Leads the Way

The solar sector has been the standout performer, showcasing a 20.1% growth over the past year. In October 2023, India had 72.02 GW of installed solar capacity, which increased to 92.12 GW by October 2024. This marks an impressive 27.9% growth in a single year. Additionally, India’s solar energy pipeline, which includes projects under implementation and those that have been tendered, has now reached 250.57 GW, a significant rise from 166.49 GW reported in 2023. This is a testament to the increasing momentum of India’s solar energy development, driven by both government policies and private sector investments.

Steady Growth in Wind Energy

Wind energy has also shown steady progress, with an increase of 7.8% in installed capacity. From 44.29 GW in October 2023, wind capacity reached 47.72 GW in 2024. India’s wind energy pipeline is equally impressive, with 72.35 GW of wind projects either under implementation or planned for the future. This positions wind energy as a key component of India’s clean energy transformation, complementing the growth of solar power.

Ongoing Renewable Projects and Future Prospects

From April to October 2024, India added 12.6 GW of renewable energy capacity, with 1.72 GW installed in the month of October alone. These figures reflect the accelerated pace of India’s transition toward clean energy. Currently, 143.94 GW of renewable energy projects are under implementation, while 89.69 GW have been tendered for future development. In comparison, the figures from October 2023 showed that only 99.08 GW were under implementation and 55.13 GW tendered. This increase highlights the expanding momentum and the country’s ambitious trajectory toward meeting its clean energy targets.

Large Hydroelectric and Nuclear Power Contributions

India’s renewable energy portfolio is not limited to solar and wind power. Large hydroelectric projects have contributed 46.93 GW to the country’s total renewable capacity. Additionally, nuclear power has added 8.18 GW, pushing the total non-fossil fuel capacity to 211.36 GW in 2024, compared to 186.46 GW in 2023. The steady growth of non-fossil fuel sources such as hydroelectric and nuclear power further complements India’s commitment to reducing its dependence on fossil fuels and fostering a low-carbon economy.

Conclusion: India’s Transition to Clean Energy

India’s progress in renewable energy growth marks a significant milestone in the country’s energy transition. With 203.18 GW of renewable energy capacity in 2024, solar energy leading the charge with 92.12 GW, and wind energy showing steady growth, India is well on its way to achieving its clean energy goals. The addition of large hydroelectric and nuclear power further strengthens India’s renewable energy portfolio, ensuring a diversified energy mix. With 143.94 GW of renewable projects under implementation and a robust pipeline of future projects, India’s renewable energy sector is poised for continued growth, contributing significantly to global efforts to combat climate change.

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