Renewable energy capacity additions may exceed 35 GW in 2025

India’s renewable energy (RE) capacity addition is expected to exceed 35 gigawatts (GW) in 2025, supported by a strong project pipeline, favourable solar photovoltaic module prices, and increased wind manufacturing capacity, according to industry executives. Between April and November of the current fiscal, India added almost 15 GW of renewable energy capacity, nearly double the 7.54 GW added during the same period last year. However, some companies have highlighted the need for a faster capacity addition to meet the government’s target of 500 GW by 2030. India has already achieved around 203 GW of renewable energy capacity, including 94 GW from solar, leaving 300 GW to be added over the next five years to stay on track for the 500 GW target. 

While the current pace is significant, it is still below the 60 GW annual average required to meet the 2030 target. However, the government’s push for ultra-mega renewable energy parks, an aggressive tendering strategy, and increasing adoption in the commercial and industrial sectors are expected to drive capacity growth. By October, India had crossed 200 GW of installed renewable capacity, achieving over 46% of its 500 GW goal. Projections for FY25 estimate an additional 19-21 GW in renewable energy, driven by moderating raw material prices and easing supply chain pressures. India has reached 47 GW in wind energy, and 2025 is expected to be a significant year for the sector, with 20-30 GW of additional renewable capacity, including a strong contribution from wind energy. 

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