India to add record 43 GW renewable energy capacity in 2025: Pralhad Joshi

India has added 30 GW of renewable energy capacity so far in 2025 and is on track to reach 43 GW by December, with projects aligning to the 500 GW target by 2030

India has added 30 gigawatt (Gw) renewable energy generation capacity so far this calendar year and the number is likely to touch 43 Gw by the end of this year, Minister for New and Renewable Energy Pralhad Joshi said on Wednesday.

 

“We have recorded 22 Gw solar and wind capacity from 1st January to 30th June this year and by this time we have done around 30 GW. I am hopeful that we will end up with (capacity addition) between 39 Gw and 43 Gw that we may achieve this year,” Joshi said while speaking at an industry event here.

   

He added that, based on this progress and the multiple steps taken to resolve issues like transmission constraints, the government is hopeful of meeting the larger target of achieving 500 Gw of installed renewable energy generation capacity by 2030.

 

The country’s installed renewable energy generation capacity currently stands at 226 Gw.

 

“At present, projects of nearly 186.3 Gw capacity are under implementation and another 67.08 Gw capacity

 

has already been tendered. So, all put together, including the capacity already added as on date, we will have something like 499 Gw,” Joshi said. 

 

He told the audience that the government was taking steps to jack up the accuracy of weather forecasting systems to improve the performance of renewable energy projects and the Centre was also trying to resolve the issues around delays in signing power sale agreements (PSAs).

 

The government has also amended the standard bidding guidelines for solar, wind and hybrid projects to provide for cancellation of letter of award (LoA) in cases where progress does not meet timelines beyond 12 months.

 

Joshi also said the power ministry has prepared a detailed implementation plan for the transmission system required to integrate 500 GW capacity by 2030, covering all the renewable energy rich states.

 

He said the Ministry of New and Renewable Energy is preparing to launch the third phase of the Green Energy Corridor project and the second phase of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme.

 

Speaking at the same event, Pradeep Kumar Das, chairman and managing director of Indian Renewable Energy Development Agency (IREDA) said India needs to mobilize ~30 trillion by 2030 through deepening of bond markets and strengthening the non-banking finance companies (NBFCs).

 

Das said India’s solar module manufacturing capacity has jumped from 38 Gw in 2023-24 to 100 Gw in 2025, marking a shift from near-total import dependence to a pathway of self-sufficiency across the value chain.