India's Renewables Boom: 28.5% Surge in Non-Fossil Power Capacity to 472.9 GW

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Researched by Industrial Info Resources (Sugar Land, Texas)--According to India's Ministry of New and Renewable Energy, the country's renewable energy capacity soared by 14.2% over the past year, reaching 213.7 gigawatts (GW) as of November 2024, up from 187.05 GW in November 2023. This growth included the addition of 14.94 GW of new renewable capacity in fiscal 2024-25, nearly doubling the 7.54 GW added in the prior fiscal year.

Solar energy led the expansion with a 30.2% increase in installed capacity, growing from 72.31 GW to 94.17 GW, while wind power saw a 7.6% rise, reaching 47.96 GW. Including pipeline projects, the total non-fossil fuel capacity--spanning renewables, hydro, and nuclear--jumped to 472.9 GW, marking a remarkable 28.5% year-over-year growth.

This rapid progress aligns with the nation's target of 500 GW of renewable energy capacity by 2030, showcasing its pivotal role in combating climate change on a global scale.

Industrial info is tracking more than 2,400 renewable energy projects worth US$778.7 billion in India. Subscribers to Industrial Info's Global Market Intelligence (GMI) Power Project Database can learn more by viewing the related project reports.

Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 trillion (USD).