India’s renewable energy capacity surges to 213.70 GW
Author: PPD Team Date: December 12, 2024
Author: PPD Team Date: December 12, 2024
India’s total non-fossil fuel installed capacity reached 213.70 GW as of November 2024, a 14.2% increase from the previous year. Including pipeline projects, the total non-fossil fuel capacity surged to 472.90 GW, up 28.5% year-on-year.
From April to November 2024, 14.94 GW of new renewable energy capacity was added, nearly doubling the 7.54 GW added during the same period in FY 2023-24. November 2024 alone saw 2.3 GW of new capacity, a fourfold increase compared to November 2023.
Solar and wind power growth
Solar power led the expansion, with installed capacity rising from 72.31 GW in 2023 to 94.17 GW in 2024, a 30.2% increase. Including pipeline projects, total solar capacity soared by 52.7% to 261.15 GW. Wind power followed, growing from 44.56 GW in 2023 to 47.96 GW in 2024, a 7.6% rise, with total capacity reaching 74.44 GW.
Steady progress in bioenergy, hydro, and nuclear sectors
Bioenergy capacity grew 4.6%, reaching 11.34 GW, while small hydro projects saw a modest increase to 5.08 GW. Large hydro projects rose marginally to 46.97 GW, with pipeline capacity at 67.02 GW. Nuclear power capacity expanded from 7.48 GW in 2023 to 8.18 GW in 2024.
Author: PPD Team Date: February 25, 2025 NTPC Limited and EDF India Private Limited have signed a non-binding term sheet to collaborate on the development of pumped storage projects and hydro projects integrated with renewable energy initiatives. The partnership will also explore opportunities in the power distribution sector. As part of this collaboration, the two companies plan to establish a joint venture with equal ownership, subject to approval from the government of India. The joint…
Author: PPD Team Date: April 3, 2025 NHPC Limited declared the commercial operation date (CoD) for Unit 1, 2, and 3 of the Parbati Hydro Electric Project Stage-II on April 1, 2025. The 800 MW (4×200 MW) project is located on the Beas River in Kullu district, Himachal Pradesh, about 260 km from Chandigarh. Developed at an investment of Rs 98.97 billion, Parbati-II is a run-of-the-river (RoR) project and forms part of the broader Parbati…
Author: PPD Team Date: January 6, 2025 Himachal Pradesh Chief Minister Sukhvinder Sukhu announced the installation of a 2 MW solar power plant in Kaza, Lahaul-Spiti district, to enhance power supply in the remote region. The plant will be fully operational soon, with the addition of a 1 MWh battery storage system. The state is focusing on increasing solar energy use to become a “green state.” In addition, 18 MW of solar plants are planned…
Author: PPD Team Date: January 13, 2025 SJVN Limited plans to commission Unit-I of the Chausa Coal-Based Power Project, also called the Buxar Thermal Power Plant, by March 2025. The project, located in Chausa, Buxar district, Bihar, involves two units of 660 MW each and is being developed at an estimated cost of Rs 104.39 billion. Of this, 70% is being arranged through debt financing. Larsen & Toubro Limited (L&T) is serving as the engineering,…
Author: PPD Team Date: February 6, 2026 Insolation Energy Limited announced the appointment of Mr. Shreemat Pandey as an Additional Non Executive Independent Director, effective February 5, 2026. The appointment was approved by the board and is subject to shareholder approval. Mr. Pandey is a retired Indian Administrative Service officer with 35 years of service. He holds a Bachelor of Technology in Electrical Engineering from IIT Kharagpur. His previous roles include Secretary to a Chief…
Author: PPD Team Date: March 20, 2025 On March 18, 2025, four firms secured bids to develop the 1,200 MW Inter State Transmission System (ISTS)-connected wind-solar hybrid project (NTPC-03) across India. NLC India Limited won the largest share, securing 450 MW at a tariff of Rs 3.35 per kWh. EG Solwin Renewables Private Limited (Enfinity Global) won 300 MW at the same tariff. Welspun New Energy Limited (Welspun Energy Limited) secured 250 MW, also at…