According to a statement issued by the Union Ministry of New and Renewable Energy (MNRE) on Monday, India’s total renewable energy installed capacity recorded a robust double-digit growth of 15.84 percent by December 2024, rising from 180.80 GW in December 2023 to 209.44 GW.
The total capacity added during 2024 was 28.64 GW, showing a significant year-on-year growth of 119.46 per cent, compared to 13.05 GW added in 2023, the statement said.
The solar energy sector led this growth with an addition of 24.54 GW, representing a 33.47 per cent increase in its cumulative installed capacity, from 73.32 GW in 2023 to 97.86 GW in 2024.
Wind power also contributed to this expansion, with an additional 3.42 GW installed in 2024 taking the total wind capacity to 48.16 GW, an increase of 7.64 percent from 2023, the statement noted.
Bioenergy also showed significant growth, with its installed capacity increasing from 10.84 GW in December 2023 to 11.35 GW in December 2024, representing a 4.70 percent increase. The statement said small hydropower projects witnessed growth, with installed capacity increasing from 4.99 GW in 2023 to 5.10 GW in 2024, representing a growth of 2.20 percent.
“MNRE is undertaking various key initiatives to achieve Prime Minister Narendra Modi’s vision of 500 GW of renewable energy by 2030, which reflects India’s commitment to meet its climate commitments while strengthening energy security. These figures underscore the government’s continued efforts to increase renewable energy capacity in India,” the statement said.
India has emerged as one of the world leaders in energy transition and has set a target of adding 500 GW of renewable energy capacity by 2030, with solar power expected to play a key role in achieving this target.
Rajasthan, Gujarat and Karnataka have emerged as the leading states in solar capacity addition, with the top 10 states accounting for 94 percent of the total installations.
