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Why in the News?
India achieved a record 30 GW of renewable energy capacity addition in 2024, marking a 113% increase from 2023. This milestone highlights India's accelerating shift toward clean energy, as part of its commitment to achieve 500 GW of renewable energy capacity by 2030.
Key Takeaways
Record-Breaking Growth
30 GW renewable energy capacity added in 2024, compared to 13.75 GW in 2023.
India’s total cumulative renewable energy capacity is now nearly 218 GW.
500 GW Target by 2030
India aims to add 50 GW per year on average to meet the 500 GW renewable energy target by 2030.
This initiative is part of India’s global climate commitments to reduce carbon emissions.
Government Policies and Efforts
India’s renewable energy capacity has grown steadily since 2014, when it was 35.84 GW.
The previous record was 18.48 GW capacity addition in FY2023-24.
Key Collaboration
Organizations like BHEL (Bharat Heavy Electricals Limited) and ONGC (Oil and Natural Gas Corporation) are working together to accelerate India’s green energy transition.
Minister’s Statement
Pralhad Joshi, Minister of New & Renewable Energy, emphasized the exponential growth in renewable energy and reaffirmed India’s commitment to a greener future.
Significance
India’s record-breaking green energy milestone showcases its leadership in the global shift to sustainable energy and its focus on building a carbon-neutral economy.