India achieved significant milestones in renewable energy (RE) in 2024, with its installed capacity crossing 205 GW and annual additions expected to quadruple by 2030. The government is targeting 500 GW of RE capacity by 2030, with an annual addition of 50 GW requiring investments of Rs. 2,73,568 crore (US$ 32 billion). Key developments include a record 24.72 GW capacity added in 2024, driven by solar and wind power, and large-scale adoption of rooftop solar under the PM-Surya Ghar Muft Bijli Yojana. However, challenges such as reducing the cost of green hydrogen, developing storage and transmission infrastructure, and expediting project awarding remain. The government is focusing on policies for green hydrogen production, storage, and usage alongside pilot projects in the steel and transport sectors.

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