Despite a record year, India needs to double renewables deployment by 2030 to meet energy targets

India achieved a record 34.7 GW of power capacity additions in 2024, driven largely by solar PV. However, the report finds that replicating this record annual deployment would leave India short of its 500 GW non-fossil capacity target by 2030. To close this gap, annual wind and solar additions must grow by approximately 15% year-on-year, effectively doubling current record levels by the end of the decade. While renewables are on track to overtake operating coal capacity in total volume within two years, fossil fuels still contributed over two-thirds of the increase in power generation in 2024.

• India set a new record for calendar year power capacity additions in 2024, adding 34.7 GW, which exceeded the previous 2015 record by 3.5 GW.
• Solar photovoltaic (PV) technology was the primary driver of growth in 2024, accounting for 71% of all power sector additions and 86% of the 28.6 GW of renewable additions.
• Despite record additions, fossil power contributed more than two-thirds of the total increase in power generation in 2024, while renewables accounted for approximately one-fifth.
• The combined capacity of hydropower, utility-scale solar, and wind projects currently in development is projected to exceed operating coal capacity within the next two years.
• To reach the 500 GW non-fossil power capacity target by 2030, India cannot simply replicate 2024's deployment; it must increase annual capacity additions by an average of 60% over 2024 levels or grow them by about 15% year-on-year.
• The Indian government continues to support fossil fuels alongside renewables, with the pipeline of coal plant proposals increasing by 45% in 2024 to a total of 111 GW in development.
• Renewable deployment is geographically concentrated, with six states (Rajasthan, Gujarat, Maharashtra, Tamil Nadu, Madhya Pradesh, and Karnataka) accounting for 89% of 2024 wind and solar additions.

APA

Global Energy Monitor (2025). Despite a record year, India needs to double renewables deployment by 2030 to meet energy targets. https://globalenergymonitor.org/sites/default/files/migration/reports/GEM-India-FFvsRES-February-2025_11.pdf

Chicago

Global Energy Monitor. Despite a record year, India needs to double renewables deployment by 2030 to meet energy targets. 2025. https://globalenergymonitor.org/sites/default/files/migration/reports/GEM-India-FFvsRES-February-2025_11.pdf.

Wikipedia

{{cite report |author=Global Energy Monitor |title=Despite a record year, India needs to double renewables deployment by 2030 to meet energy targets |date=February 2025 |url=https://globalenergymonitor.org/sites/default/files/migration/reports/GEM-India-FFvsRES-February-2025_11.pdf |access-date=17 August 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{globalenergymonitor2025despite, author = {{Global Energy Monitor}}, title = {{Despite a record year, India needs to double renewables deployment by 2030 to meet energy targets}}, institution = {Global Energy Monitor}, year = {2025}, month = feb, url = {https://globalenergymonitor.org/sites/default/files/migration/reports/GEM-India-FFvsRES-February-2025_11.pdf}, urldate = {2026-08-17}, note = {Indexed by Climate Insights Directory} }