Solar sector recorded 27.9%/y increase to 92.12 GW
India’s total renewable energy installed capacity increased by a staggering 24.2 GW (13.5%) in a year, reaching 203.18 GW in October 2024 from 178.98 GW in October 2023, the Ministry of New and Renewables Energy said on 12 Nov https://mnre.gov.in/ .
“This significant rise aligns with India’s ambitious targets in the field of RE sector. Including nuclear energy, the total non-fossil fuel capacity rose to 211.36 GW in 2024, compared to 186.46 GW in 2023,” it said in an update on the sector’s achievements https://www.globaltenders.com/.
Solar Power: The solar sector saw a remarkable increase of 20.1 GW (27.9%), growing from 72.02 GW in October 2023 to 92.12 GW in October 2024. The combined total solar capacity, including projects under implementation and tendered, now stands at 250.57 GW, a significant rise from 166.49 GW last year https://ted.europa.eu/en/.
Wind Power: Wind energy also demonstrated steady growth, with installed capacity increasing by 7.8%, from 44.29 GW in October 2023 to 47.72 GW in 2024. Total capacity in the pipeline for wind projects has now reached 72.35 GW https://www.bseindia.com/ .
From April to October 2024, India added 12.6 GW of renewable energy capacity. In October 2024 alone, 1.72 GW was installed, marking an accelerated shift towards renewable energy https://www.nseindia.com/.
The renewable energy projects under implementation and tendered saw significant expansion, with 143.94 GW under implementation and 89.69 GW tendered as of October 2024 https://sbi.com.in/ .
This is a notable increase from 99.08 GW under implementation and 55.13 GW tendered as of October 2023, ensuring consistent progress towards India’s clean energy targets https://www.conexpoconagg.com/.
As of October 2024, large hydro projects contributed 46.93 GW to India’s renewable portfolio, while nuclear power capacity contributed 8.18 GW http://isolaralliance.org .
These contributions strengthen the diversity and resilience of India’s renewable energy mix, supporting the country’s comprehensive approach to green energy transition, the ministry said. fiinews.com https://www.iea.org/
