Tuesday, 14 January 2025

India’s Renewable Energy Growth surpassing 209 GW in 2024: Ministry of New & Renewable Energy

 India’s Renewable Energy Growth surpassing 209 GW in 2024: Ministry of New & Renewable Energy

Posted 14 Jan 2025


India’s Renewable Energy (RE) growth has increased by approx. 16% from about 181GW in December, 2023, reflecting a strong progress towards its goal of 500 GW from non-fossil sources by 2030.


Key Contributors to Growth

Solar Energy: Cumulative installed capacity increased from about 73 GW in 2023 to about 98 GW in 2024. 

Wind Energy: Increased by 7.64% from 2023 to approx. 48 GW. 

Bioenergy: Installed capacity rose from ~11 GW in 2023 to 11.35 GW in 2024. 

Significance of Renewable Energy

Climate Change Mitigation: Reduces reliance on fossil fuels and lowers greenhouse gas emissions. Eg. India aims to cut carbon intensity by 45% by 2030.

Energy Security: Decreased dependence on coal imports from countries like Australia, Indonesia etc.

Sustainable Development Goals: Supports SDGs, including Clean Energy (SDG 7), Climate Action (SDG 13), etc.

Challenges wrt renewable Energy

High Costs: High upfront investment for renewable energy infrastructure, such as solar panels, wind turbines, and energy storage.

Environmental Concerns: Adverse impact on biodiversity such as, habitat loss, direct species mortality, disturbance etc.

Legacy Infrastructure: Existing fossil fuel-based infrastructure complicates integration with renewables.

Grid Stability: Variability in solar and wind energy challenges grid stability.

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