India’s renewable energy capacity triples in a decade, reaches 232 GW; eyes 500 GW by 2030

India’s renewable energy sector has seen remarkable growth over the past decade, with installed green energy capacity surging to 232 GW from 75.52 GW in March 2014, .This threefold increase signifies the country’s emergence as a global leader in clean energy. Notably, solar power has driven much of this transformation. Solar energy capacity has grown exponentially from just 2.82 GW in 2014 to over 108 GW in 2024.Wind energy capacity has also more than doubled, rising from 21 GW to 51 GW over the same period. Large hydro power plants also contributed to this growth.Tariffs for solar power have dropped by 80 per cent over the decade, with current rates as low as Rs 10.95 per unit at Neemuch, significantly boosting affordability and adoption.India’s solar manufacturing capabilities have similarly expanded. In 2014, solar module production capacity stood at a modest 2 GW. By 2024, this has jumped to 90 GW, with projections…