New Delhi: India has added a record renewable energy capacity of 18.48 GW in 2023-24, up 21 per cent from 15.27 GW a year ago, according to the latest data from the Ministry of New and Renewable Energy.
However, industry experts said there is a need to add at least 50 GW of renewable energy capacity annually for the next six years to meet the ambitious target of 500 GW of renewable energy by 2030.
According to the data, India's installed renewable energy capacity as of March 31, 2024 is 143.64 G, excluding 47 GW of large hydropower capacity (each plan is 25 GW or more).
He pointed out that the renewable energy capacity including large hydro projects is about 190 GW, and hence, India needs to add 310 GW in the next six years or an average of 50 GW per year.
"You see, my installed capacity of RE is around 190 GW, I have 103 GW under construction, which makes it 290 GW," Union Minister for Power and Renewable Energy RK Singh said in a recent interview.I have 72 GW under bid, so I will already reach about 360 GW (renewable energy capacity target is 500 GW by 2030) if I reach all my targets.
Apart from this, MNRE is also aiming to bid out about 50 GW of renewable energy projects per year to meet the ambitious target of 500 GW.
The data showed that solar installations of 12.78GW led to renewable energy capacity addition of 15.27 GW in 2023-24, followed by 2.27 GW of wind power.
Among renewable energy capacity, total solar installed capacity tops at 81.81 GW, followed by about 46 GW of wind power, 9.43 GW of biomass co-generation and 5 GW of small hydro (up to 25 MW capacity each).
Among states, Gujarat and Rajasthan have the largest renewable energy capacity at about 27 GW, followed by Tamil Nadu at about 22 GW, Karnataka at about 21 GW and Maharashtra at about 17 GW.Himachal Pradesh and Andhra Pradesh have installed renewable energy capacity of about 11 GW.
However, industry experts said there is a need to add at least 50 GW of renewable energy capacity annually for the next six years to meet the ambitious target of 500 GW of renewable energy by 2030.
According to the data, India's installed renewable energy capacity as of March 31, 2024 is 143.64 G, excluding 47 GW of large hydropower capacity (each plan is 25 GW or more).
He pointed out that the renewable energy capacity including large hydro projects is about 190 GW, and hence, India needs to add 310 GW in the next six years or an average of 50 GW per year.
"You see, my installed capacity of RE is around 190 GW, I have 103 GW under construction, which makes it 290 GW," Union Minister for Power and Renewable Energy RK Singh said in a recent interview.I have 72 GW under bid, so I will already reach about 360 GW (renewable energy capacity target is 500 GW by 2030) if I reach all my targets.
Apart from this, MNRE is also aiming to bid out about 50 GW of renewable energy projects per year to meet the ambitious target of 500 GW.
The data showed that solar installations of 12.78GW led to renewable energy capacity addition of 15.27 GW in 2023-24, followed by 2.27 GW of wind power.
Among renewable energy capacity, total solar installed capacity tops at 81.81 GW, followed by about 46 GW of wind power, 9.43 GW of biomass co-generation and 5 GW of small hydro (up to 25 MW capacity each).
Among states, Gujarat and Rajasthan have the largest renewable energy capacity at about 27 GW, followed by Tamil Nadu at about 22 GW, Karnataka at about 21 GW and Maharashtra at about 17 GW.Himachal Pradesh and Andhra Pradesh have installed renewable energy capacity of about 11 GW.
