Page 56 - Policy Economic Report - October 2024

POLICY AND ECONOMIC REPORT
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at 201.45 GW. This achievement underscores India's growing commitment to clean energy and its
progress in building a greener future.

This milestone reflects the result of years of dedicated efforts to harness India’s natural resources. From
sprawling solar parks to wind farms and hydroelectric projects, the country has steadily built a diverse
renewable energy base. These initiatives have not only reduced reliance on fossil fuels but also
strengthened the nation’s energy security. When factoring in the 8,180 MW (megawatt) of nuclear
capacity, the total non-fossil fuel-based power now accounts for almost half of the country's installed
electricity generation capacity, signalling a strong move toward clean energy leadership on the global
stage.

India's total electricity generation capacity has reached 452.69 GW, with renewable energy contributing
a significant portion of the overall power mix. As of October 2024, renewable energy-based electricity
generation capacity stands at 201.45 GW, accounting for 46.3 percent of the country's total installed
capacity. This marks a major shift in India’s energy landscape, reflecting the country’s growing reliance on
cleaner, non-fossil fuel-based energy sources.

A variety of renewable energy resources contribute to this impressive figure. Solar power leads the way
with 90.76 GW, playing a crucial role in India’s efforts to harness its abundant sunlight. Wind power
follows closely with 47.36 GW, driven by the vast potential of the coastal and inland wind corridors across
the country. 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. Together, these renewable resources are helping
the country reduce its dependence on traditional fossil fuels, while driving progress toward a more
sustainable and resilient energy future.

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 favourable 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. Together,
these states play a crucial role in advancing India’s renewable energy goals and establishing a more
sustainable energy future.

The Government of India has implemented a range of measures and initiatives aimed at promoting and
accelerating renewable energy capacity across the nation, with an ambitious target of achieving 500 GW
of installed electric capacity from non-fossil sources by 2030. Key programs include the National Green
Hydrogen Mission, PM-KUSUM, PM Surya Ghar, and PLI schemes for solar PV modules.

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