Summary:

Over the past decade, India’s renewable energy capacity has tripled to 232 GW, including major hydropower, up from 75.52 GW in 2014. Solar capacity has surged from 2.82 GW to over 108 GW, while wind energy has more than doubled to 51 GW. Solar tariffs have dropped by 80%. India now leads the world in solar module manufacturing, with a capacity of 90 GW and plans to reach 150 GW by 2030. Solar cell and wafer production is also expanding rapidly, promoting energy independence.

In the same period, India’s biopower capacity grew by 42%, from 8.1 GW to 11.5 GW. The Compressed Biogas (CBG) sector expanded from just one project to 150, reaching a total capacity of 1,211 TPD by 2024. The PM-Surya Ghar Muft Bijli Yojana has benefited 13.3 lakh households. In 2024 alone, India added a record 25 GW of renewable energy capacity. With a target of 500 GW by 2030, India already ranks as the third-largest producer of wind and solar power in the world.

Source: IBEF

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