- India is projected to add 35 to 40 gigawatts of renewable energy annually until 2030.
- India is expected to reach 405 gigawatts of renewable energy capacity by 2030.
India’s renewables sector is booming, with the country projected to add 35 to 40 gigawatts of renewable energy annually until 2030. This is enough to power up to 30 million more homes each year.
The Institute for Energy Economics and Financial Analysis and Climate Energy Finance estimated that India, the third largest energy-consuming country in the world, will reach 405 gigawatts of renewable energy capacity by 2030. It’s expected to surpass the government’s target of producing 50% of its electricity from non-fossil fuel sources by the end of 2030.
The Indian government’s projections estimate the country will produce even more renewable energy, about 500 gigawatts in the same time frame. Fossil fuels account for 59% of India’s installed energy capacity but are expected to make up just 31.6% of the energy mix by 2030.