India’s renewable energy capacity rises 14 percent to 214 GW

The country added nearly 15 gigawatt of renewable energy capacity, almost double the 7.54 gigawatt during the same period last year.

India has achieved total installed capacity of the non-fossil fuel energy to 214 GW, marking an increase of over 14 percent compared to the same period last year. A 2.3 GW of new capacity was added in November 2024 alone, reflecting a four-fold increase from the 566 MW added in November 2023. This was informed by the Union Minister for New and Renewable Energy, Pralhad Joshi while addressing the 5^th CII International Energy Conference and Exhibition (IECE) at New Delhi. 

The Minister said, “Between April and November of the current financial year, India added nearly 15 GW of renewable energy capacity, almost double the 7.54 GW added during the same period last year.” He further highlighted that India’s total installed capacity in the non-fossil fuel energy sector has reached 214 GW, marking an increase of over 14 percent compared to the same period last year. Additionally, he pointed out that 2.3 GW of new capacity was added in November 2024 alone, reflecting a four-fold increase from the 566 MW added in November 2023.

Despite having one of the largest coal resources globally, India maintains one of the lowest per capita emissions, at one-third of the global average. The Minister highlighted that India is the only G20 nation to have ensured that the Sustainable Development Goals made at the Paris Climate Change Summit in 2015 were fulfilled even before the deadline. The Minister said that the ongoing transformation of India’s energy sector is driven by a strong belief that achieving a Viksit Bharat by 2047 is intrinsically linked to sustainable and green growth.

Several key steps has been taken by the Centre to boost the growth of RE sector in India such as the introduction of the Production-Linked Incentive (PLI) scheme, with an outlay of ₹24,000 crore, aimed at boosting domestic manufacturing of solar panels and modules. There is an ongoing initiative to establish 50 solar parks, with a cumulative capacity of 38 GW by 2025-26.

Additionally, provisions have been made for the declaration of a trajectory for Renewable Purchase Obligation (RPO) up to the year 2029-30. Speaking further Joshi said that a meeting is being planned in Mumbai in January with representatives of banks, industry and state government officials to find solutions to existing bottlenecks in the RE sector.  He invited global leaders and industry stakeholders to partner with India in its journey toward a green and sustainable future.

Union Minister Pralhad Joshi also launched the CII-EY Energy Transition Investment Monitor Report at the event. The conference, themed “Global Dialogue on Energy Transformation” was attended by a distinguished gathering of industry leaders, policymakers, and experts.