India is poised to connect a record 35 gigawatts (GW) of solar and wind energy capacity to its grid by the end of March 2025, as the country accelerates efforts to meet its 2030 clean energy targets. This comes after falling short of a key renewable energy milestone in 2022.
Bhupinder Singh Bhalla, India’s top renewable energy official, revealed that the nation expects to add 30 GW of solar capacity and 5 GW of wind capacity in the current fiscal year. India, the third-largest solar power producer globally, aims to boost its clean energy output following a slowdown in solar power growth in recent years.
The country has already added 10 GW of renewable capacity in the first five months of this fiscal year, bringing its total to approximately 153 GW.
To meet its ambitious 2030 goal of increasing non-fossil power capacity to 500 GW, India will need to increase annual renewable capacity additions by 30%. Financial institutions have pledged $386 billion in funding for renewable projects by 2030, while major conglomerates like Reliance Industries and Adani Green Energy have committed to significant clean energy investments.
