Bid & Tender
TEI - Energy Outlook

India’s Green Energy Growth

India has achieved a significant growth in its renewable energy journey in the last decade, with the country's total renewable energy capacity reaching 232 GW up from 75.52 GW capacity in March 2014.

In March 2014, India's installed solar energy capacity was 2.82 GW, which has crossed 108 GW now, has grown multifold. Wind energy capacity has more than doubled to 51 GW presently from 21 GW in 2014.

India ranked 4th globally in overall renewable energy installed capacity, according to IRENA. In 2024-25, India's renewable energy capacity has seen remarkable growth, with a record annual capacity addition of 29.52 GW. In Q1, 2025, renewables accounted for 78.9% of all new power generating capacity additions.

The continued growth reflects India’s commitment to its climate goals and energy security, underscoring the Government’s focused efforts to scale up renewable energy deployment across the country. From sprawling solar parks to wind farms and hydroelectric projects, the country has steadily built a diverse renewable energy base. These initiatives have significantly reduced reliance on fossil fuels.

The total non-fossil based power now accounts for almost half of the country's installed electricity generation capacity, signalling a strong move toward clean energy leadership on the global stage.

In addition to the installed capacities, India has 169.40 GW of renewable energy projects under implementation and 65.06 GW already tendered. This includes 65.29 GW from emerging solutions such as hybrid systems, round-the-clock (RTC) power, peaking power, and thermal + RE bundling projects.

Union Minister Pralhad Joshi has said 40 GW of renewable energy can soon come online as talks are on with states for signing power purchase agreements. The New & Renewable Energy Ministry (MNRE) has been taking various key initiatives to achieve Prime Minister Shri Narendra Modi’s vision of 500 GW of renewable energy by 2030.

Furthermore, all major public sector energy companies like ONGC, NTPC, GAIL and oil marketing companies like IOC, BPCL and HPCL are taking the lead in energy transition with huge capacity addition plans.

State-owned oil and gas explorer Oil and Natural Gas Corporation (ONGC) is investing Rs. 35 billion alone in this fiscal year to expand its green energy capacity. Plans are to have 10 GW by 2030.

India's largest power producer, NTPC, through its green energy subsidiary NTPC Green Energy (NGEL), aims to have a renewable portfolio of 60 GW capacity by 2032. Currently, it has 6 GW installed capacity and an additional 12 GW under implementation.

Supportive government policies and increased private sector participation have strengthened the shift toward clean energy and building a greener future.


Pallavi Agrawal

Editor