Team News Riveting
New Delhi, January 13
Union Ministry of New and Renewable Energy (MNRE) has reported remarkable progress in India’s renewable energy sector, highlighting significant achievements between December 2023 and December 2024.
The growth reflects India’s steadfast commitment to achieving its clean energy targets and its broader vision under the ‘Panchamrit’ goals announced by Prime Minister Narendra Modi.
Record Capacity Additions
As of December 2024, India’s total renewable energy installed capacity has reached 209.44 GW, marking an impressive 15.84 per cent increase compared to 180.80 GW in December 2023. The total capacity added during 2024 amounted to 28.64 GW, representing a significant year-on-year increase of 119.46% compared to the 13.05 GW added in 2023.
Solar and wind surge
In 2024, solar power spearheaded this growth with the addition of 24.54 GW, reflecting a 33.47 per cent rise in its cumulative installed capacity from 73.32 GW in 2023 to 97.86 GW in 2024. Wind energy also contributed to this expansion, with an additional 3.42 GW installed in 2024, increasing the total wind capacity to 48.16 GW, a growth of 7.64 per cent from 2023.
Growth in Bioenergy and Small Hydro Power
Bioenergy has shown remarkable growth, with its installed capacity rising from 10.84 GW in December 2023 to 11.35 GW in December 2024, reflecting a 4.70 per cent increase. Small hydro power projects saw incremental growth, with installed capacity increasing from 4.99 GW in 2023 to 5.10 GW in 2024, representing a 2.20 per cent rise.
MNRE under Union Minister of New and Renewable Energy Pralhad Joshi has been taking various key initiatives to achieve Prime Minister Narendra Modi’s vision of 500 GW of renewable energy by 2030, reflecting India’s dedication to fulfilling its climate commitments while strengthening energy security. These impressive figures underscore the Government of India’s continued efforts to scale up renewable energy capacity in India.
