India's Renewable Energy Installed Capacity Surges Nearly Fourfold to 288.58 GW Since 2014

Key Highlights:

• India's Renewable Energy installed capacity surged from 76.38 GW in 2014 to 288.58 GW as of June 30, 2026, marking a nearly fourfold increase.
• The total non-fossil fuel sources based electricity capacity reached 297.36 GW by June 30, 2026, including Renewable Energy and nuclear power.
• The Renewable Energy sector attracted approximately USD 45.72 billion in Foreign Direct Investment (FDI) between FY 2014 and FY 2026.
• Domestic financial institutions deployed ₹12.32 lakh crore towards the Renewable Energy sector during the same period.

Detailed Insights:

• Solar power constitutes the largest share of Renewable Energy capacity at 162.15 GW, followed by wind power at 57.44 GW.
• Hydro power contributes 57.24 GW, and bio power accounts for 11.75 GW of the total Renewable Energy capacity.
• The 297.36 GW non-fossil fuel sources capacity comprises 288.58 GW from Renewable Energy and 8.78 GW from nuclear power.
• Domestic financial institutions involved in funding include 12 Public Sector Banks, IREDA, PFC, REC, IIFCL, NaBFID, and SIDBI.
• This information was provided by the Union Minister of State for Ministry of New & Renewable Energy in a written reply to the Rajya Sabha.

Key Concepts Involved:

• Renewable Energy: Energy derived from natural processes that are replenished constantly, such as sunlight, wind, and water.
• Non-Fossil Fuel Sources: Energy sources that do not rely on burning fossil fuels, encompassing both renewable energy and nuclear power.
• Foreign Direct Investment (FDI): An investment made by a company or individual in one country into business interests located in another country.