Trade Analytics
Renewable Energy
The Indian renewable energy sector was the second most attractive in the world in 2017.

Indian Renewable Energy Industry Analysis

Latest update: June, 2018

  • India accounts for approximately 4 per cent of the total global electricity generation and contributes 4.43 per cent to the global renewable generation capacity.
  • The International Energy Agency’s World Energy Outlook projects a growth of renewable energy supply to 4,550 GW in 2040 on a global basis.
  • As of February 2018, total renewable1 power generation installed capacity in the country stood at 107.81 GW, which is 32.26 per cent of the total installed capacity of 334.15 GW.
  • A hydro power revival policy is underway which amongst others is likely to include the classification of all hydro power projects as renewable energy
Growth

Notes: RES – Renewable Energy Source; GW – Gigawatt; FY18*- Breakup up to December 2017, 1Large Hydro power projects not included in renewable energy targets of GOI
Source: CEA, International Renewable Energy Agency (IRENA)

  • Power generation from renewable energy sources in India reached 85.65 billion units in FY18 (up to January 2018).
  • The Government of India has formulated an action plan to achieve a total capacity of 60 GW from hydro power and 175 GW from other RES (excluding large hydro projects) by March, 2022, which includes 100 GW of Solar power, 60 GW from wind power, 10 GW from biomass power and 5 GW from small hydro power
  • Solar installation in India is expected to increase 360 per cent by 2020.
  • India witnessed highest ever solar power capacity addition of 5,525.98 MW and 467.11 MW of wind power capacity addition in 2017-181. 15,000 biogas plants were installed during the same time period.
  • About 4.96 million household size biogas plants have been installed in India since the inception of National Biogas and Manure Management Programme (NBMMP).
Growth

Notes: RES – Renewable Energy Source; GW - Gigawatt, CAGR - Compound Annual Growth Rate; FY18* - data up to February 2018, Large Hydro power projects not included in renewable energy targets of GOI
Source: CEA, makeinindia

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