Renewable Energy Dominates India's New Power Generation
POWER & RENEWABLE ENERGY

Renewable Energy Dominates India's New Power Generation

In the fiscal year 2023-24, renewable energy sources emerged as the dominant force in India's new power generation landscape, accounting for a substantial 71% of the total new capacity added to the grid. This significant shift towards renewable energy underscores India's commitment to reducing carbon emissions, promoting sustainable development, and diversifying its energy mix.

The surge in renewable energy capacity additions is driven by various factors, including government policies and incentives aimed at promoting clean energy adoption, declining costs of renewable technologies, and increasing awareness of environmental sustainability. Solar and wind power are particularly prominent in India's renewable energy portfolio, with significant investments and rapid deployment contributing to their growth.

The dominance of renewable energy in India's new power generation reflects a broader global trend towards cleaner and more sustainable energy sources. As concerns about climate change and air pollution continue to mount, governments, businesses, and consumers are increasingly turning to renewable energy as a viable alternative to fossil fuels.

Furthermore, the growth of renewable energy is expected to have positive socio-economic impacts, including job creation, economic growth, and improved energy access, particularly in rural and remote areas. By leveraging its abundant renewable energy resources, India has the potential to become a global leader in clean energy transition and contribute significantly to the fight against climate change.

However, despite the impressive growth of renewable energy, challenges remain, including intermittency issues, grid integration challenges, and policy uncertainties. Addressing these challenges will require coordinated efforts from government, industry, and other stakeholders to ensure a smooth transition to a more sustainable and resilient energy system.

Overall, India's achievement of having renewable energy account for 71% of its new power generation in FY 24 is a significant milestone in its journey towards a cleaner, greener, and more sustainable energy future. It demonstrates the country's commitment to embracing renewable energy technologies and accelerating the transition to a low-carbon economy.

In the fiscal year 2023-24, renewable energy sources emerged as the dominant force in India's new power generation landscape, accounting for a substantial 71% of the total new capacity added to the grid. This significant shift towards renewable energy underscores India's commitment to reducing carbon emissions, promoting sustainable development, and diversifying its energy mix. The surge in renewable energy capacity additions is driven by various factors, including government policies and incentives aimed at promoting clean energy adoption, declining costs of renewable technologies, and increasing awareness of environmental sustainability. Solar and wind power are particularly prominent in India's renewable energy portfolio, with significant investments and rapid deployment contributing to their growth. The dominance of renewable energy in India's new power generation reflects a broader global trend towards cleaner and more sustainable energy sources. As concerns about climate change and air pollution continue to mount, governments, businesses, and consumers are increasingly turning to renewable energy as a viable alternative to fossil fuels. Furthermore, the growth of renewable energy is expected to have positive socio-economic impacts, including job creation, economic growth, and improved energy access, particularly in rural and remote areas. By leveraging its abundant renewable energy resources, India has the potential to become a global leader in clean energy transition and contribute significantly to the fight against climate change. However, despite the impressive growth of renewable energy, challenges remain, including intermittency issues, grid integration challenges, and policy uncertainties. Addressing these challenges will require coordinated efforts from government, industry, and other stakeholders to ensure a smooth transition to a more sustainable and resilient energy system. Overall, India's achievement of having renewable energy account for 71% of its new power generation in FY 24 is a significant milestone in its journey towards a cleaner, greener, and more sustainable energy future. It demonstrates the country's commitment to embracing renewable energy technologies and accelerating the transition to a low-carbon economy.

Next Story
Real Estate

Google India’s New Campus

India continues to cement its position as a global digital powerhouse – and Google’s latest milestone reinforces this trajectory with the inauguration of Ananta, one of its largest offices worldwide. CW explores the design, sustainability and construction aspects of this landmark campus in Bengaluru.Significance of AnantaLocated in Mahadevapura, Bengaluru, Ananta spans 1.6 million sq ft and is situated within Bagmane Tech Park. Named after the Sanskrit word for ‘infinite’, this state-of-the-art, 11-storey facility is Google’s fourth office in Bengaluru. It is designed to foster colla..

Next Story
Infrastructure Urban

Indian Delegation Visits South Africa for Trade and Investment Talks

A nine-member Indian delegation participated in the second session of the India-South Africa Joint Working Group on Trade and Investment (JWGTI) held in Pretoria from 22 to 23 April 2025. Discussions were conducted in a cordial atmosphere, focusing on expanding trade ties, boosting investments, and fostering greater people-to-people exchanges. The meeting was co-chaired by Malose Letsoalo, Chief Director, Bilateral Trade Relations, Department of Trade, Industry and Competition of South Africa, and Priya Nair, Economic Adviser, Department of Commerce, India. Delegates from the High Commission ..

Next Story
Infrastructure Urban

Ministry of Cooperation Inaugurates NCOL Organic Packaging Facility

The Ministry of Cooperation inaugurated a new state-of-the-art packaging facility of National Cooperative Organics Limited (NCOL) in Noida, Uttar Pradesh. The centre is dedicated to packaging pulses and organic products while maintaining high hygiene and quality standards. Dr Ashish Kumar Bhutani, Secretary, Ministry of Cooperation, called the facility a major milestone in promoting the Bharat Organics brand. The initiative aims to empower farmers and expand access to certified organic produce across India, while offering premium prices to farmers and affordable organic food to consumers. Un..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?