Snapshot

Creating a Sustainable World

India is the 3rd largest energy consuming country in the world.

India stands 4th globally in Renewable Energy Installed Capacity (including Large Hydro), 4th in Wind Power capacity & 5th in Solar Power capacity (as per REN21 Renewables 2023 Global Status Report).The country has set an enhanced target at the COP26 of 500 GW of non-fossil fuel-based energy by 2030. This has been a key pledge under the Panchamrit. This is the world's largest expansion plan in renewable energy.

India’s installed non-fossil fuel capacity has increased 396% in the last 8.5 years and stands at more than 199.85 GW (including large Hydro and nuclear), about 45.1% of the country’s total capacity (as of Apr 2024). India saw the highest year-on-year growth in renewable energy additions of 9.83% in 2022. The installed solar energy capacity has increased by 30 times in the last 9 years and stands at 82.63 GW as of Apr 2024. India’s solar energy potential is estimated to be 748 GWp as estimated by National Institute of Solar Energy (NISE). The installed Renewable energy capacity (including large hydro) has increased by around 128% since 2014. 

Up to 100% FDI is allowed under the automatic route for renewable energy generation and distribution projects subject to provisions of The Electricity Act 2003.

For further details, please refer, FDI Policy

  • X

    Increase in Solar Power installed capacity from 2.6 GW to 82.63 GW since 2014

  • X+

    Increase in Wind capacity from 21 GW to now at 46.16 GW since 2014

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    India's share in total installed capacity

India ranks 4th globally for total renewable power capacity additions

India has already achieved its target of 40% installed electric capacity from non-fossil fuels on Nov 2021 itself

India ranks 4th in Wind Power Capacity and 5th in Solar Power Capacity globally.

Industry Scenario

Renewable energy sources have a combined installed capacity of 150+ GW.

As of Apr 2024, Renewable energy sources, including large hydropower, have a combined installed capacity of 191.67 GW.

The following is the installed capacity for Renewables:

  • Wind power: 46.16 GW
  • Solar Power: 82.63 GW
  • Biomass/Co-generation: 10.35 GW
  • Small Hydro Power: 5 GW
  • Waste To Energy: 0.59 GW
  • Large Hydro: 46.92 GW

India has set a target to reduce the carbon intensity of the nation’s economy by less than 45% by the end of the decade, achieve 50 percent cumulative electric power installed by 2030 from renewables, and achieve net-zero carbon emissions by 2070. India aims for 500 GW of renewable energy installed capacity by 2030.

India aims to produce 5 Mn Tonnes of green hydrogen by 2030. This will be supported by 125 GW of renewable energy capacity.

50 solar parks with an aggregate capacity of 37.49 GW have been approved in India. Wind Energy has an off-shore target of 30 GW by 2030, with potential sites identified.

Following list of activities in renewable energy will be considered for trading carbon credits under bilateral/ cooperative approaches under Article 6.2 mechanism as assigned under the National Designated Authority for the Implementation of the Paris Agreement (NDAIAPA):

  1. Renewable energy with storage (only stored component)
  2. Solar thermal power
  3. Off-shore wind
  4. Green Hydrogen
  5. Tidal energy, Ocean Thermal Energy, Ocean Salt Gradient Energy, Ocean Wave Energy and Ocean Current Energy
  6. High Voltage Direct Current Transmission in conjunction with the renewable energy projects
  7. Green Ammonia

Union Budget 2023 Highlights

Green Growth identified is one of the nodes in the SAPTARISHI (7 priorities).

  • $2.4 Bn National Hydrogen Mission for production of 5 MMT by 2030, $36 Mn additional in Budget.
  • 4 GWh Battery Energy Storage Systems supported through Viability Gap Funding
  • Pumped Storage Projects has received a push with a detailed framework to be formulated.
  • $1.02/2.5 Bn Central Sector Support for ISTS infrastructure for 13 GW Renewable Energy from Ladakh

GROWTH DRIVERS

  • Government commitments

    Reduce India’s total projected carbon emission by 1 Bn tonnes by 2030, reduce the carbon intensity of the nation’s economy by less than 45% by the end of the decade, and achieve net-zero carbon emissions by 2070.

  • Proposed solar cities and parks

    Solar city per state-approved and approved setting up 57 solar parks of 39.28 GW across the nation. The government is also giving a push to Floating PV Projects.

  • National Green Hydrogen Mission

    The Union Cabinet approved the National Green Hydrogen Mission with a total initial outlay of INR 19,744 Cr, including an outlay of INR 17,490 Cr for the SIGHT programme, INR 1,466 Cr for pilot projects, INR 400 Cr for R&D, and INR 388 Cr towards other Mission components.

  • Off-shore Wind Energy

    The medium and long-term targets for off-shore wind power capacity additions are 5 GW by 2022 and 30 GW by 2030.

  • Wind-Solar Hybrid Policy

    In 2018, national policy was announced to promote an extensive grid-connected wind-solar PV hybrid system for efficiently utilizing transmission infrastructure and land. A way to address the intermittency challenge of one renewable power source is to combine solar and wind, achieving better grid stability. It provides flexibility in a share of wind and solar components in the hybrid project; however, the capacity of one resource must be at least 25% of the rated power capacity of other resources.

  • AatmaNirbhar Bharat

    PLI scheme in Solar PV manufacturing with financial outlays of INR 24,000 Cr introduced under AatmaNirbhar Bharat. Imposition of Basic Customs Duty of 25% on Solar Cell & 40% on Solar PV Modules w.e.f. 01.04.2022.

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Production Linked Incentive (PLI) Scheme

The Union Cabinet chaired by the Prime Minister, Shri Narendra Modi has given its approval to introduce the Production-Linked Incentive (PLI) Scheme in High Efficiency Solar PV Modules for Enhancing India’s Manufacturing Capabilities and Enhancing Exports – Aatmanirbhar Bharat. 1. The national programme on ‘high-efficiency solar PV modules’: Tranche 1: INR 4500 Cr ($550 Mn) Tranche 2: INR 19,500 Cr ($2.37 Bn). The second phase, launched on 21st Sept 2022, is expected to build 65 GW of annual manufacturing capacity. 2. National Green Hydrogen Mission with an outlay of INR 19,744 Cr ($2.4 Bn) targets 5 MMT annual green hydrogen/ ammonia production by 2030. Investors can place their bids till 7th September 2023 to seek incentives. The scheme focuses on Direct employment of about 30,000 and Indirect employment of about 1,20,000 persons; Import substitution of around INR 17,500 Cr every year, and Impetus to Research & Development to achieve higher efficiency in solar PV modules.

  • INR 24,000 Cr

    Scheme Outlay

Industrial Land Bank Portal

GIS - based map displaying available infrastructure for setting up business operations in the state.

Investible Projects

Investment Opportunities in Renewable Energy

    Major Investors

    Data On Map

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    FAQs

    Frequently
    Asked Questions

    How many states are classified under solar city development programme?

    Under the 'Development of Solar Cities Programme'. there are in total 60 solar cities identified.

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    What is a solar city?

    The Solar City aims at minimum 10% reduction in projected demand of conventional energy at the end of five years, through a combination of enhancing supply from renewable energy sources in the city and energy efficiency measures. The basic aim is to motivate the local Governments for adopting renewable energy technologies and energy efficiency measures.

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    What are the new technologies undertaken by the government in this sector?

    The Ministry of New and Renewable Energy (MNRE) has taken up various programmes on new technologies. As part of these programmes, various projects pertinent to research, development and demonstration have been initiated. These initiatives have been at various research, scientific and educational institutes, universities, national laboratories, industry, etc. These projects are helping in the development of indigenous research and industrial base, expertise, trained manpower and prototypes/devices/systems in the country

    a. Hydrogen Energy
    b. Chemical Sources of Energy (Fuel Cells)
    c. Battery Operated Vehicles
    d. Geo Thermal Energy
    e. Ocean Energy
    f. Biofuels

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    What is strategy related to R&D?

    R&D for technology development in industry -driven and goal oriented.

    1. Involvement of industry and scientific establishment.
    2. Access technological development elsewhere avoiding 'Reinventing the wheel'.
    3. Indigenous R&D for new and emerging technologies and improvement of available technologies.
    4. Time bound specific tasks for identified R&D activities to be assigned to recognized / identified industry and institutions with clear understanding on the achievement of results.

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    What is the state-wise electricity generation capacity?

    The electricity generation capacity is listed state wise, which can be accessed from the 

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