नवीनतम
India ranks fourth globally in renewable energy capacity
NEW DELHI [Maha Media]:India's installed renewable energy capacity has surged by 165% over the past decade, growing from 76.38 GW in 2014 to 203.1 GW in 2024, Union Minister Pralhad Joshi announced on Tuesday. Addressing a debate in Rajya Sabha on demands for grants related to the Ministry of New and Renewable Energy, Joshi emphasized India's global standing in renewable energy, with notable leaps in solar and wind power.
'I am proud to share that India now ranks fourth globally in renewable energy installed capacity. We hold the fourth position in wind power capacity and fifth in solar PV capacity,' Joshi stated. 'For the first time, we have surpassed 200 GW capacity from non-fossil fuel sources, which includes 85.47 GW of solar power, 46.93 GW of large hydro, 46.66 GW of wind power, 10.95 GW of biopower, and 5.00 GW of small hydropower,' he added.
Joshi pointed out the dramatic expansion of solar energy capacity from 2.82 GW in March 2014 to 85.47 GW by June 2024, representing an almost 30-fold increase. He stressed that renewable energy is essential for India's sustainable growth and development.
'India has witnessed one of the fastest growth rates in the renewable energy sector among major global economies. We have aligned with developed nations and achieved the fourth position worldwide in total renewable energy installed capacity,' he said. Joshi also mentioned Prime Minister Narendra Modi's commitment at COP26 to achieve 500 GW of installed electricity capacity from non-fossil sources by 2030.
Joshi highlighted that energy security is a top priority for the government, with the budgetary allocation for the Ministry of Renewable Energy nearly doubling from Rs.10,000 crores last year to over Rs.20,000 crores this year. The share of thermal sources in the total installed capacity has decreased from 67.69% in 2013-14 to 54.46% in 2024-25 (up to June 2024), while the proportion of non-fossil fuel capacity has risen from 32.30% to 45.54%. He noted that total renewable energy generation in India increased from 193.50 billion units (BU) in 2013-14 to 359.89 BU in 2023-24, marking an 86% rise. Additionally, solar power tariff has plummeted from Rs.10.95 per unit in 2010-11 to Rs.2.60 in 2023-24.
