Creating a sustainable world
In 2019, India was ranked as the fourth most attractive renewable energy market in the world. India will be the largest contributor to the renewables upswing in 2021, with the country’s annual additions almost doubling from 2020, as a large number of auctioned wind and solar PV projects are expected to become operational.
The country has set an ambitious target to achieve a capacity of 175 GW worth of renewable energy by the end of 2022, which expands to 450 GW by 2030. This is the world's largest expansion plan is in renewable energy.
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
- + GW
Renewable energy potential in India
Installed renewable energy capacity (as of April 2021)
Share in total installed capacity
Increase in renewable installed capacity (FY 2013-14 to FY 2018-19)
5th largest installed capacity of renewable energy in the world
4th largest installed capacity of wind power in the world
5th largest installed capacity of solar power in the world
- Industry Scenario
- FOREIGN INVESTMENT
- INDUSTRY TRENDS
- POLICIES & SCHEMES
Renewable energy sources have a combined installed capacity of 94+ GW.
As of 31 March 2021, the total installed capacity for Renewables is 92+ GW with the following break up:
- Wind power: 39.24 GW
- Solar Power: 40 GW
- BioPower: 10.31 GW
- Small Hydro Power: 4.79 GW
Wind energy capacity in India has increased by 1.7 times in the last 4 years. Further to this, record 100 bn+ units of renewable electricity generating last year.
Solar power capacity has increased by more than 11 times in the last five years from 2.6 GW to 28.18 GW in March 2019. Government of India further targets to increase the total Renwable Energy Capacity to 450GW by 2030.
- 42 solar parks of aggregate capacity 23,499 MW have been approved in 17 states up to March 2019
- Kurnool (1,000 MW) and Bhadla-II (648 MW) Solar Parks are fully operational
- Largest Solar Park of 2,000 MW in Pavagada is under installation
Reduce the emissions intensity of GDP by 33% - 35% below the 2005 levels and increase share of non-fossil fuel in total capacity to ~40% by 2030
Proposed solar cities and parks
60 solar cities approved and $1.3 bn allocated for setting up 50 solar parks of 40GW by 2020
New areas of opportunities
Wind – Solar Hybrid, Off-shore Wind Energy, Floating PV Projects
PLI scheme in Solar PV manufacturing with financial outlays of INR 4,500 crores introduced under Atmanirbhar Bharat 3.0