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Jeet B Bhayani (SEBI RA)

23rd Oct · SEBI-Registered Analyst

India is increasing its renewable capacity by 15-25 gigawatts (GW) annually, making it one of the fastest-growing rates worldwide, as reported by the Ministry of New and Renewable Energy (MNRE). Nevertheless, worldwide challenges like supply chain issues, changing module costs, and stricter financing terms have impacted the timelines for project commissioning. In spite of these difficulties, India’s renewable energy sector is shifting from growth to incorporation, emphasizing system resilience, grid stability, and market depth. Renewable capacity has increased more than five times in the last ten years, rising from less than 35 GW in 2014 to more than 197 GW (excluding large hydro) in 2025, establishing the nation as a frontrunner in the shift towards clean energy. The ministry announced that India's renewable energy expansion is advancing into a new stage centered on grid integration, energy storage, hybrid systems, and reforms crucial for reaching the national target of 500 GW non-fossil capacity by 2030. More than 40 GW of granted renewable projects are progressing in finalizing power purchase agreements, indicating a robust investment pipeline. The government is focusing on transmission enhancements via the Rs. The 2,40,000 crore (US$ 27.36 billion) Transmission Plan for 500 GW encompasses the addition of new high-capacity lines from Rajasthan, Gujarat, and Ladakh. These efforts, combined with Green Energy Corridors, are projected to release more than 200 GW of upcoming renewable capacity, guaranteeing that India's clean energy expansion stays steady and robust.

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