India, a Global Leader in Green Energy with 214 GW Capacity
POWER & RENEWABLE ENERGY

India, a Global Leader in Green Energy with 214 GW Capacity

As India enters the new year, it concludes 2024 with an impressive 214 GW of installed green energy capacity, positioning the country on track to meet its ambitious target of 500 GW of non-fossil fuel-based energy by 2030, as reported by the Union Ministry of New and Renewable Energy. 

Between April and November 2024, India added nearly 15 GW of renewable energy capacity—almost double the 7.57 GW added during the same period in 2023. India surpassed the 200 GW milestone in renewable energy capacity in September 2024, reaching 214 GW by November, a 14 per cent increase from 187.05 GW in the same period last year. India’s solar capacity reached 94.17 GW in 2024, with wind energy capacity standing at 47.96 GW. The combined total of installed and pipeline solar projects as of November 2024 is 261.15 GW, showcasing a strong pipeline for growth. 

The 'PM Surya Ghar: Muft Bijli Yojana' (PMSGMBY), launched in February 2024, has seen significant progress, with 700,000 installations within just 10 months. With an allocated budget of Rs 750.21 billion (bn), the scheme aims to install rooftop solar systems in 10 million households, offering up to 300 units of free electricity monthly, and subsidies ranging from Rs 30,000 to Rs 78,000 per household. 

The government has also introduced incentives for DISCOMs worth Rs 49.5 bn, focusing on facilitating net meter availability and installation. Under the PM KUSUM scheme, over 295,000 off-grid solar water pumps have been installed for farmers, while 3.5 million grid-connected agricultural pumps have been solarised. By November 2024, approximately 11.34 GW of solar capacity had been installed. On the wind energy front, India’s cumulative wind power capacity stood at 47.96 GW by November 2024, with total installed and pipeline wind energy projects reaching 74.44 GW.

As India enters the new year, it concludes 2024 with an impressive 214 GW of installed green energy capacity, positioning the country on track to meet its ambitious target of 500 GW of non-fossil fuel-based energy by 2030, as reported by the Union Ministry of New and Renewable Energy. Between April and November 2024, India added nearly 15 GW of renewable energy capacity—almost double the 7.57 GW added during the same period in 2023. India surpassed the 200 GW milestone in renewable energy capacity in September 2024, reaching 214 GW by November, a 14 per cent increase from 187.05 GW in the same period last year. India’s solar capacity reached 94.17 GW in 2024, with wind energy capacity standing at 47.96 GW. The combined total of installed and pipeline solar projects as of November 2024 is 261.15 GW, showcasing a strong pipeline for growth. The 'PM Surya Ghar: Muft Bijli Yojana' (PMSGMBY), launched in February 2024, has seen significant progress, with 700,000 installations within just 10 months. With an allocated budget of Rs 750.21 billion (bn), the scheme aims to install rooftop solar systems in 10 million households, offering up to 300 units of free electricity monthly, and subsidies ranging from Rs 30,000 to Rs 78,000 per household. The government has also introduced incentives for DISCOMs worth Rs 49.5 bn, focusing on facilitating net meter availability and installation. Under the PM KUSUM scheme, over 295,000 off-grid solar water pumps have been installed for farmers, while 3.5 million grid-connected agricultural pumps have been solarised. By November 2024, approximately 11.34 GW of solar capacity had been installed. On the wind energy front, India’s cumulative wind power capacity stood at 47.96 GW by November 2024, with total installed and pipeline wind energy projects reaching 74.44 GW.

Next Story
Infrastructure Energy

Samridh, CEID Launch High-Capacity Biogas Plant in Moradabad

Samridh Bioenergy has broken ground on a 12 TPD compressed biogas (CBG) plant in Moradabad, Uttar Pradesh, under the MNRE’s National Bioenergy Programme. Spread across 12 acres, the plant will process 270 tonne of organic waste daily and generate 30,000 cubic metre of biogas per day.CEID Consultants and Engineering Pvt Ltd has been appointed as the EPC contractor, responsible for the complete design, procurement, and construction of the plant. Equipped with four multi-feed digesters, the facility will accept a mix of press mud, cow dung, chicken litter, and vegetable waste, supporting contin..

Next Story
Real Estate

Delhi Micro-Markets Drive Up Housing Prices: Grihum Study

A new study by Grihum Housing Finance reveals that the rise of micro-markets across Delhi-NCR is fuelling real estate price appreciation, especially in the affordable housing segment. Key drivers include renewed post-pandemic interest, migration trends, and government schemes like PMAY.According to the study, over the past two decades, floor rates have risen 267 per cent, from Rs 1,500 per sq ft in 2005 to Rs 5,500 in 2024. In the same period, land rates surged 492 per cent, from Rs 1,300 to Rs 7,700 per sq ft. The sharp increase highlights strong capital appreciation in Delhi’s emerging loc..

Next Story
Resources

Covestro Develops PCR Polycarbonates from End-of-Life Headlamps

Materials manufacturer Covestro has launched post-consumer recycled (PCR) polycarbonates made from end-of-life automotive headlamps, in a move aimed at strengthening circularity in the auto industry. These TÜV Rheinland-certified grades, containing 50 per cent recycled content, are now commercially available for new automotive applications.Developed under a joint programme led by GIZ, with Volkswagen and NIO as key partners, the recycled material is currently being validated for use in future vehicle models.""This new line of polycarbonate represents a significant step in supporting the autom..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?