India added 24.5 GW solar and 3.4 GW wind capacity in 2024, sets new records
India saw a substantial growth in renewable energy in 2024, adding 24.5 GW of solar and 3.4 GW of wind capacity. Key contributors were utility-scale and rooftop solar, driven by the PM Surya Ghar scheme, as well as significant wind installations i...
By ET Online |
India added approximately 24.5 GW of solar capacity and 3.4 GW of wind capacity in 2024 (January to December), according to JMK Research. This represents a more than twofold increase in solar installations and a 21% rise in wind installations compared to 2023. Notably, the solar capacity added in 2024 is the highest recorded in any single year so far.
With these additions, India's total installed renewable energy (RE) capacity reached 209.44 GW as of December 2024. Solar energy accounts for 47% of the total RE capacity, making it the largest contributor among renewable sources.
<p><em>Source: CEA, MNRE, JMK Research</em><br><em>Note: Solar capacity includes utility-scale solar, rooftop solar, and off-grid/distributed solar capacity</em></p>
Utility-Scale Solar: India added 18.5 GW of new utility-scale solar capacity in 2024, a nearly 2.8x increase compared to 2023.
These three states contributed 71% of India's total utility-scale solar installations in 2024.
Rooftop Solar: India installed 4.59 GW of new rooftop solar capacity in 2024, marking a 53% growth compared to 2023. This surge is largely attributed to the PM Surya Ghar: Muft Bijli Yojana, launched earlier in the year. In just 10 months, the scheme facilitated 7 lakh rooftop solar installations nationwide.
Source: JMK Research Off-Grid Solar: The off-grid solar segment added 1.48 GW in 2024, a staggering 197% increase compared to 2023.
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Wind Energy: The wind sector saw 3.4 GW of new capacity additions in 2024, a 21% rise from 2023.
Top-performing states:
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Gujarat: 1,250 MW Karnataka: 1,135 MW Tamil Nadu: 980 MW
These three states accounted for 98% of the new wind capacity installed in 2024.
