India's Renewable Energy Revolution: A Look into 2024 Achievements and 2025 Opportunities
Key Ideas
  • India's renewable energy capacity reached 214 GW by November 2024, with a 14% increase from the previous year, showcasing significant growth in the sector.
  • The government's focus on grid modernization, transmission connectivity, and policies supporting clean energy has set the stage for continued expansion in the renewable energy sector.
  • The integration of energy storage solutions with solar and wind power, along with the emergence of green hydrogen, presents new growth areas that can support the decarbonization of hard-to-abate sectors.
  • Challenges such as capital intensity and volatility in interest rates and policy changes are being addressed through innovative financial instruments like green bonds and production-linked incentive schemes to bolster India's renewable energy sector.
India has made substantial progress in expanding its renewable energy capacity, with 214 GW installed by November 2024, marking a 14% increase from the previous year. The government's commitment to clean energy and conducive policy measures have been instrumental in this growth, with a trajectory to achieve 500 GW by 2030. Looking ahead to 2025, the focus will be on grid modernization, transmission connectivity, and streamlining processes to boost investor confidence. The integration of energy storage solutions and the emergence of green hydrogen are highlighted as key areas for growth to support decarbonization efforts. Challenges such as capital intensity and uncertainty in interest rates are being mitigated through innovative financial mechanisms like green bonds and production-linked incentives. The goal is to establish a self-reliant renewable energy sector in India by enhancing domestic manufacturing capabilities. The sector's future lies in technological innovation and a forward-thinking approach to contribute meaningfully to a sustainable, low-carbon future.
ADVANCEH2

Our vision is to be the world's leading online platform for advancing the use of hydrogen as a critical piece needed to deliver net-zero initiatives and the promise of a clean H2 energy future.

© 2025 AdvanceH2, LLC. All rights reserved.