The country’s renewable energy capacity has witnessed a remarkable growth, rising over fivefold from 35 gigawatts in 2014 to more than 197 gigawatts. This excludes power generated by large hydro power facilities. The Ministry of New and Renewable Energy said that the government has set an ambitious goal of achieving 500 gigawatts of non-fossil capacity by 2030. The Ministry underscored that the country’s renewable growth story remains one of the fastest and most forward-looking in the world, evolving from speed to system strength, and from expansion to enduring integration.
In the current year, Central Renewable Energy Implementing agencies have done bids for 5.6 gigawatts, while State agencies have done bids for 3.5 megawatts. Additionally, Commercial and Industrial Consumers are likely to add nearly six gigawatts of renewable energy capacity this year.