Renewable Energy

India ranks 4th in wind power, 5th in overall renewable power, and 6th in solar power installed capacity, globally.

Last updated: September 18, 2023

India is planning to set up 500 GW of new renewable energy generation capacity by 2030.

160 GW

Installed renewable energy capacity (as of May 2022)

500 GW

renewable energy target by 2030

2nd largest

market in Asia for new solar PV capacity

41.4%

non-fossil based installed energy from total capacity of electricity

45%

target set to reduce the carbon intensity of the nation’s economy by the end of this decade

INR 19500 Crore

allocation for solar PLI Scheme

ISA

International Solar Alliance to install 1,000 GW capacity worldwide by 2030.

15,820 TWh

to be India's energy demand by 2040, with a sizeable chunk coming from renewable energy.

1,096 GW

of renewable power potential in India from commercially exploitable sources.

4th

rank among the 40 Renewable Energy Country Attractiveness Index 2017.

100%

FDI allowed under automatic route for renewable energy generation and distribution projects.

Modifications in Scheme for Development of Solar Parks and Ultra Mega Solar Power Projects

Ministry of New and Renewable Energy (MNRE) has formulated a scheme to set up number of solar parks across various states in the country, each with a capacity of generally above 500 MW.
Guidelines for Tariff Based Competitive Bidding Process for Procurement of Power From Grid Connected Wind Solar Hybrid Projects

The Ministry issued Wind-Solar Hybrid Policy on 14.05.2018 (along with its amendment on 11.10.2018) with the objective to provide a framework for promotion of large grid connected wind-solar PV hybrid system for optimal and efficient utilization of transmission infrastructure and land, reducing the variability in renewable power generation and achieving better grid stability.

National Offshore Wind Energy Policy

Over 8.7 GW offshore wind capacity has already been installed around the world and approximately an equal capacity is under construction.

National Policy on Biofuels

The endeavour of this policy to facilitate and bring about optimal development and utilization of indigenous biomass feedstocks for production of biofuels, which could contribute in providing energy security.
Draft Model Regulation for Grid Interactive Distributed Renewable Energy Sources

The distribution licensee, within three months of the date of notification of these Regulations, shall modify its existing billing infrastructure to facilitate the metering arrangements as envisaged under these Regulations.

Generation-based Inventive

Generation Based Incentive (GBI) was announced for Grid Interactive Wind and Solar Power Projects with the main aim to broaden the investor base, facilitate the entry of large Independent Power Producers and to provide level playing field to various classes of investors.
Extension of the Programme on Energy from Urban, Industrial, Agricultural Wastes, Residues and Municipal Solid Waste (2019-20)

Issued on June 17, 2020 the request calls for the extension of the Programme on Energy from Urban, Industrial, Agricultural Wastes, Residues and Municipal Solid Waste (2019-20) till March 31, 2021.
PLIs announced as part of Aatmanirbhar Bharat 3.0

Production Linked Incentives for ten sectors have been announced as part of the Aatmanirbhar Bharat 3,0 stimulus package.

National Institute of Solar Energy

1800 233 4477

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National Institute of Solar Energy, an autonomous institution of Ministry of New and Renewable Energy (MNRE), is the apex R&D institution in the field solar energy.

Solar Energy Corporation of India

+91-11- 71989236

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The state-run agency drives implementation of grid connected solar roof-top schemes, among others.

India Energy Storage Alliance

+91-9699719818

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IESA promotes Electric Energy Storage (EES) and microgrid technologies and their applications in India.

Indian Wind Power Association

+91-44 - 4550 4036

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Supports wind power development and creation of an enabling regulatory and policy environment for investments in this sector.

India Renewable Energy Development Agency

+91-11-26717400 - 26717412

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To give financial support to specific projects and schemes for generating electricity and / or energy through new and renewable sources and conserving energy through energy efficiency.

Skill Council for Green Jobs

+91-11-41792866

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Mission: To identify skilling needs of service users as well as manufacturers/ service providers, within Green Businesses sector.

Ministry of New and Renewable Energy

Investment Opportunities

  • US$1.3bn allocated for building 50 solar parks of 40 GW by 2020.
  • Programme to upgrade watermills and micro hydro projects.
  • Renewable energy storage units design and manufacturing.
  • Investments in provision of solar pumps for agriculture and irrigation.
  • Renewable power driven transport systems and infrastructure.
  • Investment of up to US$100bn in renewable energy over next 7 years.
Useful Links:

Key Investors

India has a well-oiled enterprise promoting machinery that is backed by strong legislative, judiciary, executive and capital establishments

Enercon - Wind energy

Vestas - Wind Turbines

Applied Materials - Engineering solutions

Siemens Gamesa – Renewable energy equipment

Suzlon - Wind Energy

Senvion - Wind Energy

enel- Green power

LONGi Green Energy Technology - Solar equipment

ENABLING ENVIRONMENT

India has a well-oiled enterprise promoting machinery that is backed by strong legislative, judiciary, executive, and capital establishments

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News

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October 23, 2023

In the ongoing sixth round of talks at the Indo-Pacific …

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India to achieve 500 GW renewable energy before 2023
September 26, 2023

India is poised to achieve its ambitious goal of 500 …

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September 15, 2023

India is expected to have the capability to export solar …

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Events

Dec 30,2023

4th Edition – CSR and Sustainability Conference & Awards 2023
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