India’s renewable energy capacity addition doubles to 15 GW in FY24
Author: PPD Team Date: December 19, 2024
India has added nearly 15 GW of renewable energy capacity between April and November this financial year, almost double the 7.54 GW added during the same period last year.
Speaking at the CII International Energy Conference 2024, Union Minister Pralhad Joshi highlighted India’s growing leadership in the global clean energy sector. The country’s installed non-fossil fuel capacity now stands at 214 GW, up 14 per cent year-on-year.
In November 2023 alone, 2.3 GW of renewable capacity was installed, a four-fold increase compared to November 2022. To boost domestic solar manufacturing, the government has introduced a Rs 240 billion production-linked incentive (PLI) scheme and aims to develop 50 solar parks with a combined 38 GW capacity by 2025-26.