India's renewable energy capacity rises 13.5% to 203 GW in October

As of October 2024, India has made significant strides in expanding its renewable energy capacity, reaching a total of 203.18 GW, which marks a noteworthy increase of 13.5% or 24.2 GW from the 178.98 GW recorded in October 2023. This growth is in line with India's ambitious renewable energy targets, as highlighted by the New and Renewable Energy Ministry. The solar sector has been a standout performer, witnessing a substantial increase of 20.1%, or 27.9%, growing from 72.02 GW in October 2023 to an impressive 92.12 GW in October 2024. This surge has elevated the combined total solar capacity—including projects that are currently under implementation and those that have been tendered—to a remarkable 250.57 GW, a significant rise from the 166.49 GW reported last year. Wind energy has also shown steady growth, with installed capacity climbing by 7.8% from 44.29 GW in October 2023 to 47.72 GW in 2024, alongside a robust pipeline of 72.35 GW for future wind projects. 

From April to October 2024, India added 12.6 GW of renewable energy capacity, with 1.72 GW installed in October alone, underscoring the country's accelerated shift toward clean energy solutions. The expansion of renewable energy projects is particularly notable, with 143.94 GW currently under implementation and 89.69 GW tendered as of October 2024. This represents a significant increase from the previous year, when 99.08 GW were under implementation and 55.13 GW were tendered in October 2023. Additionally, large hydroelectric projects have contributed 46.93 GW to India's renewable energy portfolio, while nuclear power has added 8.18 GW, pushing the total non-fossil fuel capacity to 211.36 GW in 2024, compared to 186.46 GW in 2023. This comprehensive growth across various sectors of renewable energy highlights India's commitment to transitioning to a sustainable energy future and achieving its clean energy goals. 

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.