India has witnessed a threefold rise in its renewable energy capacity over the last ten years, reaching a total of 232 ghttps://www.india.gov.in/igawatts (GW), including large hydroelectric projects. This marks a significant increase from the 75.52 GW recorded in March 2014, according to official sources.
The cost of grid-connected solar power has dropped by nearly 80%, falling to Rs 1.095 per unit for a 170 MW project in Neemuch, making solar energy more accessible and competitive globally. In 2014, the country had just 2.82 GW of installed solar capacity. Today, that figure has crossed 108 GW. Wind power has also seen strong growth, more than doubling from 21 GW in 2014 to 51 GW at present. A decade ago, domestic solar manufacturing was minimal, with only 2 GW of module production. In 2024, this has surged to 90 GW. The goal is to reach 150 GW of solar module manufacturing capacity by 2030.
India had negligible domestic production of solar cells and wafers in 2014. As of 2024, the country has built 25 GW of solar cell and 2 GW of wafer production capacity. Targets for 2030 include reaching 100 GW for solar cells and 40 GW for wafers, aiming to reduce import dependence and enhance energy self-reliance. Fully integrated solar manufacturing capacity has reached 3.2 GW and is expected to rise to 24 GW by 2030.
Bioenergy generation capacity has grown by 42%, rising from 8.1 GW in 2014 to 11.5 GW currently. The Compressed Biogas (CBG) sector has expanded from a single project producing 8 tonnes per day (TPD) in 2014 to 150 projects producing a combined 1,211 TPD in 2024. The PM-Surya GharMuftBijliYojana has made rapid progress, with nearly 13.3 lakh households benefiting. Around 12 lakh rooftop solar installations have been completed in just the past ten months. India added a record 25 GW of renewable energy in 2024, marking a 34.6% increase over the 18.57 GW added in 2023. The national target is to reach 500 GW of renewable capacity by 2030. Achieving this would require adding about 50 GW annually over the next five to six years.
Four key renewable energy agencies — SECI, NTPC, NHPC, and SJVN — together floated tenders for around 44 GW of clean power procurement in fiscal year 2024–25. In April 2024, India surpassed Germany to become the world’s third-largest producer of electricity from wind and solar sources.
