Renewable power is rising quickly worldwide. India accounted for about 5% of world renewable capability in 2024 and ranked because the third-largest contributor after China and the US. India’s put in capability is projected to rise from 475 GW (Giga Watt) in FY25 to 705 GW by FY30. India’s photo voltaic set up prices fell 60.6% and wind prices 20.4% (FY16–FY24), making renewables considerably cheaper than fossil fuels. Renewables’ contribution to technology is projected to extend from 14% in FY25 to 30% by FY30, whereas thermal power’s share declines to 58%, signalling structural decarbonisation of India’s grid.
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Revealed on February 24, 2026
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