India Accelerates Renewable Growth with Ambitious Targets and Major Investments Through 2030 – EQ
In Short : India’s renewable energy capacity has reached 220.1 GW, with solar contributing 48% (105.65 GW). A 143.8 GW project pipeline is underway, alongside 66.1 GW in bidding. Despite coal still generating 70% of power, India targets 500 GW non-fossil capacity by 2030. Achieving this requires doubling annual renewable additions and up to \$385 billion in investment.
In Detail : India’s renewable energy capacity has grown to 220.1 GW as of March 2025, reflecting the country’s steady push toward clean energy. Solar power plays a leading role, contributing 48% or around 105.65 GW of the total installed capacity. This includes ground-mounted systems, rooftop installations, hybrid setups, and off-grid solutions.
In the fiscal year 2024–25 alone, India added a record 29.52 GW of renewable energy capacity, with solar energy accounting for 23.83 GW of the new additions. This marks a major milestone in the country’s renewable energy journey and demonstrates strong momentum in green infrastructure development.
A project pipeline of 143.8 GW is currently under implementation, spanning solar, wind, hybrid, and storage systems. Additionally, 66.1 GW of capacity is at the bidding stage. These figures indicate an accelerating pace of renewable energy expansion in India, with more capacity expected to come online over the next four to five years.
Despite this progress, coal continues to dominate India’s power generation mix, supplying about 70% of electricity. In FY2024–25, the country produced 1 billion tonnes of coal, with 88% used for electricity. Plans to add 90 GW of new coal-fired capacity by 2032 present challenges to the nation’s clean energy transition.
To meet its ambitious target of 500 GW of non-fossil fuel-based energy capacity by 2030, India must double its annual additions of solar and wind energy over the next five years. This would require significant scaling of both project execution and policy support to keep pace with growing energy demand.
Moody’s Ratings estimates that India will need up to \$385 billion in investment to reach its 2030 renewable energy target. This includes funding for capacity additions and crucial upgrades to transmission and distribution infrastructure. The scale of this investment underscores the seriousness of India’s commitment to a sustainable energy future.
