India’s non-hydro renewable energy sector has reached a remarkable milestone in 2024-25 with 172 GW of total installed renewable power capacity as of March 2025. According to the latest “Renewable Energy in India” report by India Infrastructure Research, the renewable energy sector witnessed an annual capacity addition of approximately 28.7 GW in 2024-25, vastly outperforming conventional power expansions.
Solar energy continued to lead the renewable power race, with 23.8 GW of new installations during the year 2024-25, taking the cumulative solar capacity to 105.65 GW. While utility-scale ground mounted solar accounts for 77 per cent of installed capacity, distributed solar is also now witnessing tremendous growth led by residential rooftop solar, solar pumps and commercial and industrial (C&I) installations.
A key finding from the report is the shifting auction landscape. While standalone solar once dominated tenders, 2024-25 marked a clear inclination towards hybrids and firm-dispatchable renewable energy (FDRE) formats. The report tracked 12 utility-scale solar auctions conducted over the year compared to 21 FDRE and hybrid auctions.
Meanwhile, wind energy is witnessing renewed momentum, with 4.15 GW of capacity added – a 27.6 per cent increase from the previous year, driven primarily by solar-wind hybrid configurations. Standalone wind auctions remained limited in 2024-25, with only six auctions conducted reflecting challenges like land acquisition and growing competition from solar and hybrid formats.
Storage continues to emerge as a critical enabler of dispatchable green power as well as demand-supply management for utilities. The report documents over 7 GWh of standalone storage awarded across auctions in 2024-25. Further, as of March 2025, 60 pumped storage projects with a combined capacity of 79,060 MW are under various stages of implementation.
The green hydrogen ecosystem is also beginning to take shape in India with increasing industrial participation and confidence. Recently Solar Energy Corporation of India awarded 450,000 metric tonnes of annual green hydrogen production with companies such as L&T, Waaree Clean Energy, and AM Green Ammonia securing substantial capacities.
The bioenergy sector, particularly compressed biogas (CBG) and bio ethanol, is finally gaining traction with growing market interest and policy momentum. The SATAT initiative now has 94 operational CBG plants and more than 2,200 active Letters of Intent.
The C&I market continues to expand driven by increasing affordability, attractive business models for captive, group-captive and open access power arrangements, and sustainability targets of corporates. Meanwhile, power trading through specialised green energy markets is also gaining traction.
Financial flows into the renewable sector remained strong. India attracted $19.8 billion in clean energy investment during FY25, comprising $12.2 billion in debt financing and $7.5 billion in equity.
The report has tracked a forward-looking project pipeline of 152 GW spread across 629 projects. Of this, standalone solar accounts for 85.4 GW, hybrid and FDRE projects for 39.4 GW, standalone wind for 24.7 GW, and solar-plus-storage projects for 3.2 GW. This pipeline reflects the increasing focus on dispatchable and hybrid power, essential to achieving India’s 2030 goal of 500 GW non-fossil capacity.
The “Renewable Energy in India” report by India Infrastructure Research offers comprehensive coverage of growth trends across various solar, wind, and bioenergy segments, policy and regulatory developments, key financing arrangements, tenders and auction activity, new project announcements, future projections, and growth outlook. It also provides a detailed overview of emerging technologies including battery and pumped energy storage, offshore wind, compressed biogas, green hydrogen, and the evolving market dynamics shaping the energy transition in India. The report comes with a comprehensive dataset of upcoming and commissioned projects.
To explore the full report, please reach out to:
Vasvi Vig
Mobile: +91 9811626366
Email: vasvi.vig@indiainfrastructure.com
