India Surpasses Renewable Energy Milestone with 25 GW Addition in FY 2024-25
Key Ideas
  • India added a record 25 GW of renewable energy capacity in FY 2024-25, a 35% increase over the previous year, showcasing significant growth in the sector.
  • The solar power sector in India experienced a remarkable surge, with solar capacity additions increasing to nearly 21 GW and surpassing 100 GW of installed solar capacity.
  • Domestic solar manufacturing witnessed substantial growth, with solar module manufacturing capacity doubling and PV cell manufacturing capacity tripling, aligning with the country's push towards self-reliance.
  • The Green Hydrogen sector in India gained momentum with substantial incentives allocated for electrolyser manufacturing and Green Hydrogen production, furthering the nation's commitment to clean energy.
The Ministry of New and Renewable Energy in India has achieved a significant milestone by adding 25 GW of renewable energy capacity in the financial year 2024-25, under the leadership of Prime Minister Narendra Modi. This addition marks a notable 35% increase compared to the previous year. The growth was primarily driven by the solar power sector, which witnessed a surge in capacity additions, reaching nearly 21 GW and crossing the 100 GW mark for installed solar capacity. India also focused on enhancing domestic solar manufacturing, doubling the solar module manufacturing capacity and tripling the solar PV cell manufacturing capacity, emphasizing self-reliance. Furthermore, India's Green Hydrogen sector experienced notable progress, with substantial incentives allocated for electrolyser manufacturing and Green Hydrogen production, along with funding for pilot projects aimed at decarbonizing the steel and transport sectors. Additionally, government schemes like PM Surya Ghar Muft Bijli Yojana and PM KUSUM Scheme showed remarkable progress, benefiting households and promoting solar energy adoption. The Indian Renewable Energy Development Agency played a vital role in financing clean energy projects, with increased loan sanctions and disbursements in FY25. Union Minister of New and Renewable Energy, Shri Prahlad Joshi, highlighted India's potential to become one of the largest renewable energy capacity holders globally, emphasizing the nation's commitment to a sustainable energy future. These achievements showcase India's leadership in the renewable energy sector and its dedication to clean energy transition.
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