India’s Renewable Energy Sector Witnesses Unprecedented Growth: MNRE Highlights

India’s Renewable Energy Sector Witnesses Unprecedented Growth: MNRE Highlights

India’s renewable energy sector has witnessed unprecedented growth, as reported by Ministry of New and Renewable Energy (MNRE). achievements reflect nation’s commitment to sustainable energy goals under Panchamrit initiative announced by Prime Minister Narendra Modi.

Key Growth Statistics in Renewable Energy

renewable energy capacity in India has shown a remarkable increase over past year. As of November 2024, total installed non-fossil fuel capacity reached 213.70 GW, marking a 14.2% growth from 187.05 GW in November 2023. This includes solar, wind, biomass, and other renewable energy sources.

combined total of installed and pipeline non-fossil fuel capacity soared to 472.90 GW, reflecting a 28.5% rise from previous year’s 368.15 GW. This substantial growth signifies India’s increasing reliance on renewable energy to meet its power demands.


Key Data Highlights

Parameter2023 (GW)2024 (GW)Growth (%)
Installed Non-Fossil Capacity187.05213.7014.2%
Installed + Pipeline Capacity368.15472.9028.5%
Solar Power Installed Capacity72.3194.1730.2%
Solar Power Total Capacity171.10261.1552.7%
Wind Power Installed Capacity44.5647.967.6%
Wind Power Total Capacity63.4174.4417.4%

Capacity Additions in 2024

India added 14.94 GW of new renewable energy capacity in FY 2024-25 up to November. This is nearly double 7.54 GW added during same period in FY 2023-24. Notably, November 2024 alone saw installation of 2.3 GW, a fourfold increase from 566.06 MW added in November 2023.

Solar Energy: Key Driver

Solar energy continues to dominate India’s renewable energy portfolio. Its installed capacity rose from 72.31 GW in November 2023 to 94.17 GW in November 2024, achieving a robust 30.2% growth. Including projects in pipeline, total solar capacity reached an impressive 261.15 GW, up 52.7% from previous year.

Wind Energy: Sustained Growth

Wind energy also demonstrated steady progress, with an installed capacity increase of 7.6%, from 44.56 GW in 2023 to 47.96 GW in 2024. total wind energy capacity, including pipeline projects, climbed to 74.44 GW, a 17.4% increase from 63.41 GW in 2023.


Policy Support and Achievements

  1. Government Initiatives: MNRE has actively promoted policies to attract investment and expedite renewable energy projects.
  2. Private Sector Participation: Private players have significantly contributed to capacity additions, particularly in solar sector.
  3. Technological Advancements: Use of advanced technology and innovations has streamlined installations and increased efficiency.
  4. Global Recognition: India’s renewable energy efforts have been acknowledged globally, aligning with international climate goals.

Challenges and Way Forward

Despite these accomplishments, challenges remain:

  • Infrastructure: Expanding grid to accommodate renewable energy sources.
  • Storage Solutions: Enhancing battery storage capabilities to manage intermittent energy supply.
  • Policy Implementation: Ensuring seamless execution of renewable energy policies at local levels.

Moving forward, India aims to continue its upward trajectory by fostering public-private partnerships, increasing investments, and adopting cutting-edge technologies.


Conclusion

India’s renewable energy sector has shown remarkable progress, with significant gains in solar and wind energy capacities. achievements underscore country’s commitment to sustainable development and its ability to balance economic growth with environmental conservation.


Disclaimer: information presented is based on publicly available data and reports. While every effort has been made to ensure accuracy, readers are encouraged to verify details independently. article aims to provide a comprehensive overview of India’s renewable energy progress for informational purposes only.

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