Kerala Pioneered Rooftop Solar Growth Well Before PM Surya Ghar Initiative

Solar Energy’s Contribution to India’s Power Mix Surpassed 21% in Q4

Daily News Wrap-Up: GEDA Issues Guidelines for Off-Grid Renewable Power Projects

Funding and M&A Roundup: FlexGen Power Systems Secures $75 Million

Project Finance Brief: ContourGlobal Acquires 446 MW Solar Project Portfolio

Suzlon Energy’s Revenue, Profit Rises 91% YoY in Q3 FY 2025

Energy Storage Firm Cancrie Raises $1.2 Million in Maiden Funding Round

NTPC REL Invites Bids for 1,200 MW Solar Projects with 600 MW Energy Storage

Gujarat Issues Guidelines for Off-Grid Renewable Power Projects

Haryana Releases Draft Deviation Settlement Mechanism Regulations


					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2025/01/amazon_polly_75836.mp3?version=1738128261">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p>Solar photovoltaic projects comprised 21.2% of India’s total installed power capacity and 46.8 % of the total installed renewable capacity at the end of December 2024. India’s installed solar capacity rose 10.5% quarter-over-quarter (QoQ) and 57.2% year-over-year (YoY).</p>
<p>Renewables, including large hydroelectric power projects, comprised 45.4 % of the country’s cumulative installed power capacity, with 209.7 GW installed at the end of the calendar year (CY) 2024. The country’s installed renewable energy capacity rose 5.1% QoQ and 25.7% YoY.</p>
<p>India’s installed power capacity was 462.2 GW at the end of CY 2024, up 2.6% <a href="https://www.mercomindia.com/solar-share-india-rises-q3" target="_blank" rel="noopener">from</a> 450.7 GW as of September 2024, according to data from Mercom’s <a href="https://www.mercomindia.com/product/india-solar-project-tracker" target="_blank" rel="noopener">India Solar Project Tracker</a>, Ministry of New and Renewable Energy (<a href="https://mnre.gov.in/en/" target="_blank" rel="noopener">MNRE)</a>, and Central Electricity Authority (<a href="https://cea.nic.in/?lang=en" target="_blank" rel="noopener">CEA</a>).</p>
<p><img loading="lazy" decoding="async" class="aligncenter wp-image-75839 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/01/shanti-article-1-.png" alt="" width="582" height="408" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/01/shanti-article-1-.png 582w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/01/shanti-article-1--300x210.png 300w" sizes="(max-width: 582px) 100vw, 582px" /></p>
<p>Large hydro, with a total installed capacity of 47 GW, accounted for nearly 10.2% of the total installed power capacity as of December 2024. No large hydro projects were commissioned in Q4 2024. The country’s installed large hydro capacity increased by 25.2% YoY during the year.</p>
<p>Wind installations in India stood at 48.2 GW, making up 10.4% of the country’s overall installed power capacity. The country’s wind energy capacity rose 1.7% QoQ and 7.7% YoY.</p>
<p>Installed biomass and small hydro totaled 10.7 GW and 5.1 GW, contributing 2.3% and 1.1% to the total installed power capacity as of December 2024. The country’s biomass-based power capacity rose 0.03% QoQ and 4.5% YoY, whereas the installed capacity for small hydropower was up 0.5% QoQ and 2.3% YoY.</p>
<p><strong>Conventional Energy Sources</strong></p>
<p>At the end of 2024, the country’s installed power capacity for conventional energy sources stood at 252.6 GW, accounting for 54.6% of all installations. The installed capacity rose 0.5% QoQ and 2% YoY to fulfill the baseload requirements of the country’s increasing power demand. However, the share of conventional power reduced from nearly 58% as of December 2023 to 54.6% as of December  2024.</p>
<p>The electricity generated from thermal sources includes coal (45.9%), gas (5.4%), nuclear (1.8%), lignite (1.4%), and diesel (0.13%). The increase in installed conventional power capacity was primarily due to additions to the country’s coal and nuclear power capacity. The installed capacity of coal power rose 0.6% QoQ and 2.2% YoY. The country did not add any nuclear power capacity in Q4. However, the installed nuclear capacity rose 9.4% YoY during the year.</p>
<p>With the increasing share of intermittent power sources, including solar and wind, in the country’s power mix, the Central Electricity Regulatory Commission <a href="https://www.mercomindia.com/cerc-recovery-of-legacy-dues-dsm-pool-account" target="_blank" rel="noopener">reiterated</a> that the approved methodology in the National Load Despatch Centre’s detailed procedure applies to all deficits in the Deviation Settlement Mechanism Pool Account. The commission directed the distribution companies to ensure timely payment of dues to avoid delays in compensating ancillary service providers and maintain grid stability.</p>



					<table id="amazon-polly-audio-table">
						<tr>
						<td id="amazon-polly-audio-tab">
							<div id="amazon-ai-player-label">Listen to this article</div>
							<div id="amazon-ai-player-container">
			<audio class="amazon-ai-player" id="amazon-ai-player" preload="none" controls   controlsList="nodownload" >
				<source type="audio/mpeg" src="https://cms.mercomindia.com/wp-content/uploads/2024/11/amazon_polly_72499.mp3?version=1732164397">
			</audio>
		</div>
							<div id="amazon-polly-subscribe-tab"></div>
							<div id="amazon-polly-by-tab"></div>
						</td>
						</tr>
					</table><p>India&#8217;s installed power capacity was 450.7 GW as of September 2024. Renewable energy accounted for 44.3% of the country&#8217;s power capacity mix, with 199.5 GW installed at the end of Q3 2024, according to data from the Central Electricity Authority (CEA), Ministry of New and Renewable Energy (MNRE), and Mercom&#8217;s <a href="https://www.mercomindia.com/product/india-solar-project-tracker" target="_blank" rel="noopener">India Solar Project Tracker</a>.</p>
<p>In the third quarter (Q3) of the calendar year (CY) 2024, solar energy accounted for 19.6% of the country&#8217;s total installed power capacity and 44.3% of the installed renewable capacity.</p>
<p>During the same quarter last year, solar energy was at 16.5% of the total installed power capacity and 39.4% of renewable energy. The installations in the first half of the year have already <a href="https://www.mercomindia.com/india-15-gw-solar-1h-2024" target="_blank" rel="noopener">surpassed</a> all previous half-yearly and annual installations.</p>
<p>Renewable energy&#8217;s (177.1 GW) contribution to the overall power mix was 41.8% at the end of Q2 2024.</p>
<p>In a quarter-over-quarter comparison, solar power made up 19.4% of the total installed power capacity and 44.2% of the installed renewable capacity until the end of Q2 2024. Renewable energy&#8217;s (196.4 GW) share was 44% of the installed power capacity.</p>
<p>India generated approximately 32 billion units (BU) of solar power during the quarter compared to 27 BU in Q3 2023.</p>
<p><img loading="lazy" decoding="async" class="aligncenter wp-image-72503 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/11/India-Cumulative-Installed-Power-Capacity-Mix.jpg" alt="India - Cumulative Installed Power Capacity Mix" width="1767" height="955" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/11/India-Cumulative-Installed-Power-Capacity-Mix.jpg 1767w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/11/India-Cumulative-Installed-Power-Capacity-Mix-300x162.jpg 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/11/India-Cumulative-Installed-Power-Capacity-Mix-768x415.jpg 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/11/India-Cumulative-Installed-Power-Capacity-Mix-1536x830.jpg 1536w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/11/India-Cumulative-Installed-Power-Capacity-Mix-650x351.jpg 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/11/India-Cumulative-Installed-Power-Capacity-Mix-624x337.jpg 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/11/India-Cumulative-Installed-Power-Capacity-Mix-600x324.jpg 600w" sizes="(max-width: 1767px) 100vw, 1767px" /></p>
<p>Both wind and large hydro accounted for 10.5% of each of the country&#8217;s cumulative installed power capacity at the end of September.</p>
<p>The country&#8217;s installed wind energy capacity rose 1.5% QoQ from 46.6 GW and 7.2% YoY from 44.2 GW.</p>
<p>Large hydro&#8217;s contribution to the power mix remained unchanged in the QoQ comparison. However, it rose 0.2% from 46.8 GW at the end of September 2023.</p>
<p>Biomass and small hydropower contributed 2.4% and 1.1%, respectively. The installed capacity of small hydropower increased by 1.4% QoQ and 1.9% YoY. The operating capacity of biomass power projects was up 3.6% QoQ and 4.5% YoY.</p>
<p>Waste-to-energy projects contributed a meager 0.1% to the country&#8217;s power mix. The installed capacity of waste-to-energy projects rose 1.8% QoQ and 5.4% YoY.</p>
<p><strong>Energy from conventional sources</strong></p>
<p>As of September 2024, the total installed capacity of conventional power sources stood at 251.2 GW, accounting for 55.7% of the power mix compared to 56% as of June 2024.</p>
<p>Coal-based thermal power constituted 46.8%, gas 5.5%, nuclear 1.8%, lignite 1.5%, and diesel 0.13% of the total installed power capacity. Coal remained the leading power source at 211 GW.</p>
<p>In June, the Ministry of Power <a href="https://www.mercomindia.com/solar-wind-support-unprecedented-power-demand" target="_blank" rel="noopener">highlighted</a> support from renewable energy sources, especially solar during solar hours and wind during non-solar hours, in meeting the summer demand. Renewables accounted for 15% of total power generated on May 30, 2024, when the daytime peak power demand scaled a new high of 250 GW. Thermal generation met 176 GW of the peak demand.</p>
<p>To address the intermittency in renewable energy generation, particularly solar and wind, the MoP <a href="https://www.mercomindia.com/pumped-storage-projects-to-receive-up-to-%E2%82%B920-million-mw-budgetary-support" target="_blank" rel="noopener">revised</a> its budgetary support provisions for hydroelectric and pumped storage projects (PSP), allocating a total of ₹124.6 billion (~$1.48 billion). The ministry will support projects of a cumulative hydroelectric capacity of 31 GW, including 15 GW of PSP capacity from the financial year 2024-25 to 2031-32.</p>


Solar’s Share in India’s Installed Power Capacity Rises to 20% in Q3

Author: Shanthi

About Shanthi

Get the most relevant India solar and clean energy news.

RECENT POSTS