Page 26 - Policy Economic Report - October 2024

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

• Hydroelectric power is another key contributor, with large hydro projects generating 46.92
GW and small hydro power adding 5.07 GW, offering a reliable and sustainable source of
energy from India’s rivers and water systems.

• Biopower, including biomass and biogas energy, adds another 11.32 GW to the renewable
energy mix. These bioenergy projects are vital for utilizing agricultural waste and other organic
materials to generate power, further diversifying India’s clean energy sources.

Figure 18: Renewable energy capacity in India

Source- MNRE

Several states in India have emerged as leaders in renewable energy capacity, contributing significantly to
the nation's progress.

• Rajasthan tops the list with an impressive 29.98 GW of installed renewable energy capacity,
benefiting from its vast land and abundant sunlight.

• Following closely is Gujarat, which boasts a capacity of 29.52 GW, driven by its strong focus on
solar and wind energy projects.

• Tamil Nadu ranks third with 23.70 GW, leveraging its favorable wind patterns to generate
substantial energy.

• Karnataka rounds out the top four with a capacity of 22.37 GW, supported by a mix of solar and
wind initiatives.

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