Solar and wind power account for nearly 90% of India’s total renewable energy capacity

India’s commitment to renewable energy is closely aligned with its national goals and international commitments to combat climate change. Despite the dominant role of coal, which accounts for 47.4% of India’s total installed energy capacity, renewable sources, especially solar and wind energy, together contribute a significant share of 89.12%. This transition to cleaner energy sources is of paramount importance for India as it strikes a balance between energy security and the reduction of greenhouse gas emissions.

The positive effects of India’s investment in renewable energy go far beyond environmental benefits. The sector creates jobs, increases energy security by reducing dependence on imported fossil fuels and stimulates technological innovation. Moreover, decentralized renewable energy projects empower local communities, supporting inclusive development. Looking ahead, India’s solar and renewable energy trajectory shows sustained growth, driven by technological advances, supportive policies and growing environmental awareness. The Indian government’s ambitious renewable energy targets underscore its unwavering commitment to a sustainable future.

As of May 2024, India is emerging as a leader in the renewable energy revolution, with solar power accounting for a significant 18.9% of total installed capacity. The total installed photovoltaic capacity increased by a remarkable 24.26% compared to May 2023 and amounted to 84.27 GW. Moreover, total renewable energy accounts for 33% of the total installed capacity, which is 146.65 GW. This journey underscores India’s collective commitment to shape a cleaner, greener and more sustainable energy future, cementing its role as a key player in the global deployment of renewable energy. Solar installed capacity is reaching a milestone of 100 GW and is expected to increase by over 16 GW by calendar year 2024, potentially positioning India as a global leader in solar capacity.

Additionally, the impact of the Approved List of Models and Manufacturers (ALMM) for solar modules and cells, effective from April 1, 2024, has significant implications for Indian solar installations. ALMM aims to streamline the purchasing process by expanding the list of approved manufacturers and models, ensuring higher quality and reliability of photovoltaic modules. This initiative is expected to further accelerate the construction of solar PV installations in India, bringing the country closer to its renewable energy goals and contributing to a cleaner environment for future generations.

India’s renewable energy sector is a cornerstone of the strategy to mitigate climate change while ensuring energy security and economic growth. Since coal still dominates, accounting for 47.4% of installed capacity, the country’s shift towards renewable sources is noticeable. The combined share of solar, wind and other renewable energy sources in India’s energy mix is ​​significant, underscoring concerted efforts to diversify energy sources. This transformation not only solves environmental problems, but also increases energy security by reducing dependence on fossil fuel imports.

India’s renewable energy sector is a catalyst for job creation, technological progress and economic inclusion. The spread of decentralized renewable energy projects, especially in rural areas, supports the empowerment and development of local communities. This inclusive growth model is crucial to ensuring that the benefits of renewable energy reach all sections of society, contributing to the country’s overall development.

India’s renewable energy journey is characterized by significant growth, technological progress and a solid policy framework. The country’s investments in this sector not only solve environmental problems, but also drive economic growth and energy security. As India progresses towards its renewable energy targets, it is consolidating its role as a key player in global efforts to combat climate change and promote sustainable development.

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