India’s Renewable Energy Sector

January 22, 2025 2:37 PM

India’s Renewable Energy surge: 24.5 GW Solar, 3.4 GW Wind added in 2024, setting path for 2025

India continues its remarkable journey towards a sustainable energy future, achieving record-breaking milestones in 2024 with the addition of 24.5 GW of solar capacity and 3.4 GW of wind capacity, according to a press release issued by the Ministry of New & Renewable Energy on Wednesday. These achievements have propelled India’s total non-fossil fuel-based energy capacity to 217.62 GW as of January 2025, positioning the country as a global leader in renewable energy. With ambitious target...

India’s Renewable Energy Sector Attracts Record Investment in 2023

A new report by the Centre for Financial Accountability reveals that project finance flowing into India's renewable energy sector surged by 63% in 2023, reaching Rs 30,255 crore ($3.66 billion) compared to 2022 figures. The report, titled 'Coal vs RE Investment in 2024', highlights that while project finance lending to renewable energy projects has seen a significant rise, no new coal power projects received project finance lending for the third year running. However, corporate finance lending ...