According to the Ministry of New and Renewable Energy (MNRE), India’s renewable energy capacity has grown significantly over the past year, with an increase of 13.5%, bringing the nation’s total renewable energy capacity to 203.18 GW as of October 2024. In October 2023, the capacity was 178.98 GW which is way less than now.
This growth aligns with India’s target to meet its clean energy goals, known as the “Panchamrit” targets, set by Prime Minister Narendra Modi to focus on increasing renewable energy and minimizing dependence on fossil fuels.
Solar power is the largest contributor to this, adding 20.1 GW of solar capacity in India and increasing by almost 28% in one year.
Solar capacity has reached 92.12 GW by October 2024, which is higher than 72.02 GW in October 2023.
Wind energy also contributed to the growth of renewable energy, adding 3.43 GW, a 7.8% rise in capacity. With more wind projects in the pipeline, the country expects even more growth in this sector, with 72.35 GW worth of wind projects planned.
Between April and October 2024, an additional 12.6 GW of renewable energy was added, from which 1.72 GW in October alone. By October 2024, projects under development reached 143.94 GW, with 89.69 GW planned or in the bidding stages.
Apart from solar and wind large-scale hydro projects added 46.93 GW, and nuclear power contributed 8.18 GW to India’s energy resources by October 2024.
Minister of New and Renewable Energy, Prahlad Joshi, noted that solar power alone had nearly 28% growth, while wind energy grew by almost 8%. He emphasized that these developments show the government’s dedication to promoting sustainable energy and reducing pollution in India.
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