A release from India’s Ministry of New and Renewable Energy says India added an unprecedented 25 GW of renewable energy capacity in FY 2024-25, marking an increase of nearly 35% over the previous year’s addition of 18.57 GW.
Solar power sector led the renewable energy growth, with capacity additions soaring from 15 GW in FY24 to nearly 21 GW in FY25, a remarkable 38% increase. The nation also achieved the significant milestone of surpassing 100 GW of installed solar capacity this year.
Further, as India strives for self-reliance in solar manufacturing, the nation’s solar module manufacturing capacity nearly doubled from 38 GW in March 2024 to 74 GW in March 2025, while solar PV cell manufacturing capacity tripled from 9 GW to 25 GW. Additionally, the country’s first ingot-wafer manufacturing facility (2 GW) commenced production in FY25. Under the Production Linked Incentive (PLI) Scheme for High-Efficiency Solar PV Modules, investments worth INR 41,000 crore have been made, generating direct employment for around 11,650 people.
The subsidy scheme for residential rooftop solar, PM Surya Ghar Muft Bijli Yojana, witnessed impressive progress, benefiting over 11.01 lakh households by March 31, 2025. Under the scheme, INR 5,437.20 crore has been disbursed as central financial assistance to 6.98 lakh beneficiaries, significantly promoting the adoption of rooftop solar.
The Green Hydrogen sector also saw significant developments. Incentives worth INR 2,220 crore were awarded for 1,500 MW per annum of electrolyser manufacturing, while an additional INR 2,239 crore was allocated for 4,50,000 tons-per-annum (TPA) of Green Hydrogen production.
Under the National Green Hydrogen Mission, seven pilot projects were funded with INR 454 crore for decarbonizing the steel sector. Additionally, five pilot projects in the transport sector, with INR 208 crore in funding, will introduce 37 hydrogen-fueled vehicles and nine hydrogen refueling stations.
Under the PM KUSUM Scheme, in Component B, 4.4 lakh pumps were installed in FY25, a 4.2-fold increase over the previous year. In Component C, 2.6 lakh pumps were solarized, 25 times more than in FY24. The total number of solar pumps installed/solarized under the scheme has now exceeded 10 lakh. Financial expenditure for PM-KUSUM surged to INR 2,680 crore, a 268% increase from the previous year.
In FY 25, the Indian Renewable Energy Development Agency (IREDA) recorded a 27% increase in loan sanctions, reaching INR 47,453 crore, while loan disbursements rose by 20% to INR 30,168 crore.
Union Minister of New and Renewable Energy, Shri Prahlad Joshi, said, “India may have already become or will soon become the third-largest renewable energy capacity holder in the world. This milestone is a testament to Prime Minister Modi’s vision for a sustainable and self-reliant energy future.”
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