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India’s Renewable Energy Surge: 92.119 GW Solar Capacity And 34.38% Total Installed Power By October 2024

Source：solarquarter

Representational image. Credit: Canva

India is making significant strides in its transition to renewable energy, aligning its efforts with both national goals and global climate commitments. While coal continues to dominate the country’s energy mix, accounting for 46.44% of the total installed power capacity, renewable energy sources like solar and wind are becoming increasingly important. By October 2024, renewable energy made up 34.38% of India’s total installed capacity, a clear sign of the nation’s growing commitment to cleaner, more sustainable energy.

In 2024, India added approximately 18.8 GW of solar photovoltaic (PV) capacity between January and October, with renewables (excluding large hydro) contributing a total of 22.36 GW. Solar energy was the largest contributor, accounting for nearly 59% of the renewable capacity. This increase in solar power helped raise its share of the country’s total installed power capacity to 20.27% by October 2024. This represents a growth rate of 27.91% compared to the previous year, reaching a total of 92.119 GW. Additionally, India’s overall installed power capacity grew by about 6.8% year over year, reaching 454 GW.

The expansion of renewable energy is not only key to India’s environmental objectives but also brings economic benefits, such as job creation, energy security, and technological innovation. Renewable energy projects, especially those in rural areas, empower local communities by providing access to clean energy and promoting local economic growth.

Looking ahead, India’s renewable energy sector is set for further expansion. The government plans to add over 21 GW of solar PV capacity in 2024, pushing towards its target of 100 GW. With this growth, India is on track to strengthen its position as a global leader in solar energy. Additionally, new policies like the Approved List of Models and Manufacturers (ALMM) for Solar PV Modules and Cells are set to enhance the quality of solar products, ensuring better procurement standards.

India’s continued focus on renewable energy, despite ongoing reliance on coal, is crucial for addressing climate change, improving energy security, and driving economic development. This transition marks a significant step towards a more diverse and resilient energy system, strengthening the nation’s energy future.

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