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13 November 2024 : PIB Summary For UPSC

1. India’s Renewable Energy Sector Achieves Significant Growth

(Source – https://pib.gov.in/PressReleseDetail.aspx?PRID=2072828&reg=3&lang=1 )

Topic: GS3 – Indian Economy – Energy
Context
India’s renewable energy sector has experienced significant growth, with a 24.2 GW increase in capacity between October 2023 and October 2024.This expansion aligns with the country’s commitment to meeting its clean energy targets under the ‘Panchamrit’ goals.
Everything You Need To Know About

Growth in Renewable Energy Capacity

  • From October 2023 to October 2024, India’s total renewable energy installed capacity increased by 24.2 GW (13.5%), reaching 203.18 GW.
  • Including nuclear energy, the total non-fossil fuel capacity rose to 211.36 GW in 2024, up from 186.46 GW in 2023.

Solar Power Surge

  • India’s solar energy capacity grew by 20.1 GW (27.9%), increasing from 72.02 GW in 2023 to 92.12 GW in 2024.
  • The total solar capacity, including projects under implementation and tendered, reached 250.57 GW, up from 166.49 GW in the previous year.

Wind Power Growth

  • Wind energy capacity increased by 7.8%, from 44.29 GW in 2023 to 47.72 GW in 2024.
  • The total capacity in the pipeline for wind projects reached 72.35 GW as of October 2024.

Hydro and Nuclear Contributions

  • Large hydro projects contributed 46.93 GW, and nuclear energy contributed 8.18 GW to India’s renewable energy mix by October 2024.
  • These contributions enhance the diversity and resilience of India’s renewable energy landscape, supporting its clean energy goal

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