India is set to witness a significant boost in its renewable energy capacity in the fiscal year 2024-2025, with projections indicating an addition of 30-35 gigawatts (GW). This anticipated growth is part of India’s broader strategy to transition to cleaner energy sources and reduce its carbon footprint.
In FY2023-24, India added a record 18,485 MW of renewable energy capacity, marking the highest annual increase to date. Solar power led the charge, contributing 81% of the new capacity, with utility-scale projects adding around 11.5 GW and rooftop installations contributing nearly 3 GW. Wind power also saw a resurgence, adding over 3,000 MW of new capacity, the highest in recent years.
Gujarat emerged as a leader in renewable energy deployment, adding significant capacities in both solar and wind power. Other states like Rajasthan and Tamil Nadu also made substantial contributions to the solar sector, while Karnataka and Tamil Nadu were notable for their wind power additions.
Looking ahead, the Indian government, along with major corporations, remains committed to expanding renewable energy infrastructure. The Institute for Energy Economics and Financial Analysis (IEEFA) and Climate Energy Finance (CEF) project that India will continue adding 35-40 GW of renewable capacity annually up to FY2030, driven by policies, technological advancements, and global financial support.
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Technology is a useful servant, but a dangerous master, it was rightly said. Electronic devices have grown into an inevitable part of our daily lives.
