India Among Fastest-Growing Renewable Energy Markets, Installed Renewable Capacity Up Five-fold Since 2014

New Delhi, Oct 22 (KNN) India is emerging as one of the world’s fastest-growing renewable energy markets, adding between 15–25 gigawatts (GW) of clean energy capacity every year, according to the Ministry of New and Renewable Energy (MNRE).

Over the past decade, India’s installed renewable capacity (excluding large hydro) has surged more than fivefold — from less than 35 GW in 2014 to over 197 GW today. This robust expansion now positions the country among global leaders in renewable deployment.

However, the MNRE said the sector’s focus is gradually shifting from rapid expansion to building a strong, integrated, and reliable clean energy system. 

The emphasis is now on “moving from speed to system strength, from quantity to quality, and from expansion to enduring integration.”

The ministry also acknowledged ongoing challenges such as supply-chain disruptions, fluctuating module prices, and limited financing, which have impacted commissioning timelines. 

To counter these, India is prioritising grid integration, storage and hybrid systems, and strengthening transmission infrastructure.

More than 40 GW of renewable projects are already in advanced stages of development, with power purchase agreements and transmission connectivity being finalised. 

Additionally, central and state agencies have initiated new bids for solar and wind projects, while commercial and industrial consumers are expected to contribute about 6 GW of new capacity in 2025 alone.

India is also implementing a Rs 2.4 lakh crore Green Energy Corridor plan to improve grid connectivity between renewable-rich states such as Rajasthan, Gujarat, and Ladakh and major consumption centres. 

This project is expected to unlock over 200 GW of additional clean energy capacity in the coming years.

With strong policy support and infrastructure expansion, India continues to solidify its position as a global renewable energy powerhouse.

(KNN Bureau)