- Key highlights: In 2024:
- Installed capacity: India achieved a total installed capacity of 442 gigawatts or GW (refer to the infographics)
- Generation capacity: Net power generation capacity of 25.9 GW was added of which 71.3% was contributed by RE (this capacity addition dominated by solar energy).
- Coal capacity addition: Despite declines in share, the net coal capacity addition increased four times as compared to FY23.
- Reduction in Disoms dues: Legacy dues of discoms to generating companies reduced to Rs 49,451 crore (Rs 91,061 crore in FY23).
- EV adoption: EV sales grew by around 45% (compared to FY23).
- Policy initiatives for pushing RE adoption
- PM Surya Ghar Muft Bijli Yojana (2024): A target of installing rooftop solar systems on one crore households has been set.
- Competitive bidding: Guidelines for the tariff-based competitive bidding process for power procurement of wind-solar, solar and wind projects were revised.
- Incentive scheme for green ammonia production: Launched by MNRE to boost the production of Green Ammonia in India.
- Hydrogen hub: Budgetary outlay for the scheme is INR 200 crore for the development of core infrastructure.