India Exceeds Renewable Energy Capacity Goals with 30 GW Addition in 2024
In a groundbreaking development, India has surpassed all expectations by achieving a remarkable 30 GW addition to its renewable energy capacity in 2024. This significant milestone marks a substantial increase of over 113% from the 13.75 GW capacity recorded in the previous year, according to the latest data from the Ministry of New & Renewable Energy.
Ambitious Renewable Energy Targets by 2030
This achievement holds immense importance in light of India’s ambitious goal of reaching 500 GW of renewable energy capacity by the year 2030. To meet this target, the country needs to consistently add an average of 50 GW of renewable energy capacity each year over the next six years. The exponential growth from 13.75 GW in 2023 to nearly 30 GW in 2024 is a testament to India’s unwavering commitment to clean energy and its strides towards a more sustainable and eco-friendly future.
Minister’s Perspective
Pralhad Joshi, the Minister of New & Renewable Energy, expressed his delight at this remarkable progress, stating, “The substantial increase from 13.75 GW to around 30 GW in 2024, resulting in a total capacity of nearly 218 GW, highlights India’s dedication to clean energy and its advancement in creating a greener tomorrow.” This achievement underscores the government’s proactive efforts to accelerate the adoption of renewable energy sources and reduce the nation’s carbon footprint.
Historical Context and Future Outlook
According to ministry data, India had a renewable energy capacity of 35.84 GW as of March 31, 2014. Since the fiscal year 2014-15, when the NDA government assumed office, the country has witnessed substantial growth in renewable energy capacity, with the highest addition of 18.48 GW recorded in 2023-24. With a target of adding 50 GW of renewable energy capacity annually, India is on track to achieve its ambitious goal of 500 GW by 2030, paving the way for a more sustainable and environmentally conscious future.
This remarkable achievement not only highlights India’s commitment to clean energy but also sets a positive example for other nations striving to transition towards renewable sources. As the world grapples with the pressing issue of climate change, India’s success in exceeding its renewable energy targets serves as a beacon of hope and inspiration for a greener and more sustainable future for all.
