India has logged a threefold growth in its renewable power capacity in the last decade, with the installed green energy capacity reaching 232GW. This includes large hydro power plants, compared to 75.52GW capacity in March 2014. The country has emerged as a global front runner in renewable energy space, with the tariff of grid-connected solar power plants going down by 80 percent to Rs 10.95 per unit.

Renewable Energy Capacity

The installed solar energy capacity has crossed 108GW, recording multifold growth from 2.82 GW in March 2014. Wind energy capacity has more than doubled to 51GW from 21GW in 2014. The country has also seen significant growth in solar module manufacturing, skyrocketing to 90GW in 2024 from a mere 2GW in 2014.

Solar Manufacturing

India has planned solar cells and wafer capacity of 100GW and 40GW respectively by 2030, aimed at reducing dependence on imports and becoming a self-sustaining power house. The country has built a strong foundation with 25GW of solar cell production and 2GW of wafer production. Even in fully integrated production, the country has reached 3.2GW in 2024, with a target of 24GW by 2030.

Biopower Generation

The biopower generation capacity has increased by 42 percent from 8.1GW to 11.5GW over the last 10 years. Compressed Biogas (CBG) sector expanded from a single project with 8 tonnes per day (TPD) CBG generation capacity in 2014 to 150 projects with a cumulative capacity of 1,211 TPD in 2024. India has set an ambitious target of having 500GW of renewable energy capacity by 2030, requiring the addition of about 50GW of green capacity per annum in the next five to six years. The country added a record 25GW of renewable energy capacity in 2024, which is 34.63 percent higher than the previous year, and it is likely that this trend will continue as India strives to become a leader in renewable energy.

Read: Top Upcoming Renewable Energy Projects in India (2025)

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