India's Renewable Energy Surge: Aiming for 300 GW Milestone

India is advancing towards achieving a non-fossil fuel-based power generation capacity of 300 GW, driven by over 40 GW of renewable energy projects nearing completion. This progression supports India's ambitious goal of reaching 500 GW of renewable capacity by 2030, amidst multiple challenges and global headwinds.

India is on the brink of a major milestone in renewable energy, with over 40 gigawatts of projects poised to secure power purchase agreements. Official reports indicate that India's non-fossil fuel power generation capacity is set to hit the 300 GW mark, a significant leap towards the 2030 target of 500 GW.

As of September 30, India's non-fossil capacity stands at 256 GW, inclusive of substantial hydro and nuclear contributions. The Ministry of New and Renewable Energy highlights that the nation remains a global leader in renewable growth, navigating the complexities of power sale agreements and transmission connectivity.

Despite challenges such as supply-chain disruptions and shifting module prices, India maintains a robust annual addition rate of 15–25 GW. With sustained policy support boosting domestic manufacturing and enhancing transmission, the government is committed to elevating its inter-regional transmission capacity significantly by 2032.

(With inputs from agencies.)