The central authorities mentioned on Tuesday that the nation added file 25 gigawatts (GW) of renewable energy in the monetary 12 months ended March 31, marking a 35 per cent year-on-year rise. Describing the event as a historic milestone, the Union Ministry of New and Renewable Energy mentioned that the solar energy section drove development in the general renewable energy house with an increase of 38 per cent in annual capacity addition. In FY24, the nation had added 18.57 GW of renewable energy, in accordance to an official assertion.
Listed here are 10 things to know about this improvement:
- Making strides in the photo voltaic house, the nation almost doubled its photo voltaic module manufacturing capacity to 74 GW in March 2025 from 38 GW in the corresponding month a 12 months in the past, in accordance to the assertion.
- The nation’s photo voltaic photovoltaic cell manufacturing capacity grew three-folds from 9 GW to 25 GW throughout this era.
- Its first ingot-wafer manufacturing facility commenced manufacturing in the course of the monetary 12 months.
- The federal government has made investments amounting to Rs 41,000 crore underneath its production-linked incentive (PLI) scheme for high-efficiency photo voltaic PV modules, creating direct employment for some 11,650 individuals, in accordance to the Ministry of New and Renewable Energy.
- Underneath the PM Surya Ghar Muft Bijli Yojana, a scheme aimed to present free electrical energy to households throughout the nation, greater than 11.01 lakh households had been recorded as beneficiaries by March 31, in accordance to the ministry. A sum of Rs 5,437.2 crore was disbursed as central monetary help to 6.98 lakh beneficiaries underneath the scheme.
- The nation additionally made strides in green hydrogen, with Rs 2,220 crore of incentives awarded for 1,500 MW every year of electrolyser manufacturing with an extra Rs 2,239 crore allotted for 4,50,000 tons-per-annum (TPA) of green hydrogen manufacturing.
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- Underneath the PM KUSUM scheme, aimed toward promiting photo voltaic energy in agriculture in the nation, 4.4 lakh pumps had been put in in FY25 underneath the Part B class, marking a 4.2-times enhance over the earlier 12 months, and a pair of.6 lakh pumps had been solarised in Part C, 25 occasions over the FY24 degree. That contributed to taking the full variety of photo voltaic pumps put in or solarised underneath the scheme previous the ten lakh mark.
- Persevering with to play an important function in financing home clear energy tasks, Indian Renewable Energy Growth Company (IREDA) registered a 27 per cent surge in mortgage sanctions to Rs 47,453 crore whereas mortgage disbursements rose 20 per cent to Rs 30,168 crore in FY25.
- “India could have already grow to be or will quickly grow to be the third-largest renewable energy capacity holder in the world,” mentioned Minister of New and Renewable Energy Prahlad Joshi. This milestone is a testomony to Prime Minister Modi’s imaginative and prescient for a sustainable and self-reliant energy future, the Union Minister mentioned.
- These achievements reaffirm the nation’s dedication to its clear energy transition and its management in the worldwide renewable energy sector, the assertion added.
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