India Sets New Record with 30 GW Green Energy in 2024

India achieved a record renewable energy capacity addition of 30 GW in 2024, according to data from the Ministry of New & Renewable Energy (MNRE). This marks a 113% increase from 13.75 GW in 2023, highlighting the country’s accelerating shift toward clean energy. The milestone assumes great importance as India targets 500 GW of renewable energy capacity by 2030. The exponential growth reflects India’s commitment to reducing its carbon footprint and building a sustainable future.

Key Highlights

Record Renewable Capacity Addition in 2024

• India added around 30 GW of renewable energy capacity in 2024, a record high.
• This is a 113% jump compared to the 13.75 GW capacity added in 2023.
• The cumulative renewable energy capacity in India has now reached nearly 218 GW.

Significance of 500 GW Target by 2030

• India aims to achieve 500 GW of renewable energy capacity by 2030 as part of its climate commitments.
• To meet this target, the country needs to add an average of 50 GW per year over the next six years.

Government Efforts and Policies

• The highest renewable energy capacity addition in a fiscal year was 18.48 GW in 2023-24.
• The growth trajectory has been accelerating since 2014, when the NDA government took charge.
• As of March 31, 2014, India had 35.84 GW of renewable energy capacity.

Minister’s Statement

• Pralhad Joshi, Minister of New & Renewable Energy, noted that the growth from 13.75 GW in 2023 to 30 GW in 2024 demonstrates India’s commitment to a greener future.
• He emphasized the importance of exponential growth in clean energy to meet the ambitious 2030 target.

Collaboration Between BHEL and ONGC

• BHEL (Bharat Heavy Electricals Limited) and ONGC (Oil and Natural Gas Corporation) have decided to collaborate on renewable energy projects to further accelerate India’s green energy transition.

India’s Renewable Energy Growth Timeline