Installed Power Generation Capacity Surges by 83% in 2024

Installed Power Generation Capacity Surges by 83% in 2024

India’s total installed power generation capacity surged by 83.8%, increasing from 249 GW as of March 31, 2014, to 457 GW as of November 30, 2024. Here are the highlights of the power generation sector in 2024: Renewable Energy Expansion Since April 2014, 129 GW of renewable energy capacity, including large hydro, has been added. This includes: 91 GW of solar power 27 GW of wind power 3.2 GW of biomass 1.3 GW of small…

India's short-term power trading market grows 12% in FY24

India’s short-term power trading market grows 12% in FY24

  Power trading in India’s short-term market rose by 12% in FY24, reaching 218.22 billion units (BU) from 194.35 BU in FY23, as reported by the Central Electricity Regulatory Commission (CERC). Short-term transactions, including deviation settlement mechanism (DSM) volumes, consist of contracts under one year, executed bilaterally or through power exchanges, representing 12.5% of the country’s total electricity generation. The remaining 87.5% was sourced through long-term contracts and intra-state transactions by distribution companies. The CERC…

India surpasses 200 GW renewable energy milestone
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India surpasses 200 GW renewable energy milestone

India has crossed a major milestone in its renewable energy journey, with the nation’s total renewable energy capacity reaching 201.45 GW as of October 10, 2024, according to the Central Electricity Authority (CEA). When including the 8,180 MW of nuclear power, non-fossil fuel-based energy now accounts for nearly half of India’s total installed electricity generation capacity, which stands at 452.69 GW. Solar power leads India’s renewable energy contributions, generating 90.76 GW, followed by wind power…

In 2023, total global renewable energy capacity reached 3,864,522 MW, up from 1,698,295 MW in 2014, a more than twofold increase.
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Global Renewable Energy Statistics

Renewable Energy Capacity and Production (On-Grid and Off-Grid) In 2023, total global renewable energy capacity reached 3,864,522 MW, up from 1,698,295 MW in 2014, a more than twofold increase. Africa has also experienced growth, with a capacity of 62,066 MW in 2023, up from 32,511 MW in 2014. Countries like Angola, Ethiopia, and South Africa have led this surge, each achieving notable renewable capacity expansions. Angola, for example, expanded from 1,020 MW in 2014 to…