Restart Energy is excited to report that India’s renewable energy sector continues to progress significantly toward its ambitious green energy targets. As of July 2024, India has achieved a total installed renewable energy capacity of 197.20 GW, inclusive of large hydropower projects. This accomplishment is part of India’s larger mission to establish 500 GW of non-fossil fuel energy capacity by 2030.

The tremendous progress in renewable energy has been fueled by robust government support, leading to record-setting tender issuances of nearly 69.8 GW in fiscal 2024. This milestone surpasses the government’s annual target of 50 GW, driven by increasing investor confidence, favorable government policies, and a recovery in market conditions post the global disruptions caused by the COVID-19 pandemic and geopolitical conflicts