India Achieved Record Renewable Energy Capacity Addition in 2024

India’s renewable energy sector achieved a historic milestone in 2024 with a record capacity addition of approximately 30 GW. This represents a 113% increase from the 13.75 GW added in 2023, as per data from the Ministry of New & Renewable Energy. The achievement highlights the nation’s accelerating efforts to transition to clean energy and meet its ambitious target of 500 GW of renewable capacity by 2030.

Breaking Records in Renewable Energy Growth

India’s renewable energy journey has seen unprecedented growth, particularly in 2024, when it logged the highest-ever capacity addition of 30 GW. This sharp rise from the 13.75 GW recorded in 2023 underscores the government’s commitment to sustainable development.

Minister of New & Renewable Energy, Pralhad Joshi, hailed this exponential growth as a testament to India’s progress in building a greener future. “The achievement of nearly 218 GW renewable capacity now is a clear indication of India’s dedication to clean energy,” he said in a social media post.

According to ministry data, the country’s renewable energy capacity stood at 35.84 GW in March 2014. Since 2014, annual additions have surged, peaking at 18.48 GW in FY 2023-24 before this year’s record-breaking performance.

Path to 500 GW by 2030

India has set its sights on achieving a renewable energy capacity of 500 GW by 2030. To meet this ambitious goal, the government plans to add 50 GW of capacity annually in the coming years. This accelerated growth aligns with India’s broader climate commitments and it aims to become a global leader in clean energy.

With renewable energy emerging as a cornerstone of India’s energy strategy, the country is poised to reduce its carbon footprint while fostering sustainable economic growth significantly.

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