In a nutshell
India has the largest renewable energy expansion plan in the world — the country has set for itself an ambitious target of achieving a renewable energy capacity of 175 GW by the end of 2022, expanding it to 500 GW by 2030. Globally, India ranks fourth in renewable energy capacity and wind power and fifth in solar power capacity.
Renewable energy capacity in India increased by 250% between 2014 and 2021. As of January 2022, India’s installed renewable energy capacity stood at 152.36 GW, representing 38.56% of the overall installed power capacity. Non-conventional energy sector received an FDI inflow of USD 11.21 billion between April 2000 and December 2021.
With the government putting considerable focus on clean energy, including the development of electric vehicles and related infrastructure, green hydrogen, and solar equipment, India’s renewable energy sector is expected to boom with a likely investment of USD 15 billion in 2022.
India is naturally endowed with vast solar energy potential, and the country is taking the lead in solar power generation through the National Solar Mission. In FY22, till December 2021, India added 7.4GW of solar power capacity, up 335% from 1.73 GW in FY21. Off-grid solar power is growing at a fast pace in India, with sales of 392,000 off-grid solar products in the first half of 2021.
Renewable Energy
potential in India
Installed renewable energy
capacity (as of December 2021)
Share in total
installed capacity
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Know MoreLatest Updates
Open access solar installations in India jumps 97% to 1.3 GW in January-June
According to Mercom India, India added 1.3 GW of open access solar power between January-June of this year, representing a 97% increase YoY. According to the report, open-access solar installations increased more than threefold to 680 megawatts (MW) for the quarter that ended in June, up from 210 MW last year.
In solar power through open access arrangement, a power producer builds a solar power plant to provide users with clean energy. The research states that as of June 2022, there was about 6.5 GW of cumulative installed solar capacity in the open access market, and as of June 30, 2022, there were over 2.8 GW of open-access solar project pipelines nationwide.
Installations increased, according to the research, as a result of increased focus on renewable purchase obligation (RPO) compliance and the RE100 objectives effort by commercial and industrial (C&I) businesses.
