Bharat CPSEs' Consultative Conclave inaugurated at Gati Shakti Vishwavidyalaya (See 'Corp Brief') SAIL's 54th AGM highlights strong value added steel growth (See 'Corp Brief') TDB-DST signs pact with GalaxEye to develop next-generation multisensor satellite technology (See 'Corp Brief') Nadda to inaugurate Arogya Manthan 2026 at Vigyan Bhawan (See 'Corp Brief') IPR - Civil remedy u/s 55 of Copyright Act can be pursued through arbitration as agreed alternative dispute resolution mechanism: HC (See 'Legal Desk') Railways approves Rs 166 Crore for construction of Road Over Bridge in Vadodara (See 'Corp Brief') ICAR-CMFRI advises Consumers Not to Avoid Tuna (See 'Corp Brief') IPR - Scheduled Commercial Bank which is registered proprietor of well-known formative trademarks can maintain commercial suit for infringement and passing off against unauthorised third parties who use those marks on social media to hold themselves out as agents capable of procuring loan settlements: HC (See 'Legal Desk') Indo-Africa Roundtable on WASH held as part of India International WASH Conference (See 'Corp Brief') Naik holds meeting with European Parliament's Committee on Industry (See 'Corp Brief') A&C - If a company is employed as conduit for shielding assets from creditors, Court may look beyond corporate structure, for piercing veil: HC (See 'Legal Desk') CCI approves acquisition of Onesto Labs by L'Oréal India (See 'Corp Brief') CCI approves acquisition of equity share of IIFL Capital by FIH Mauritius (See 'Corp Brief') IPR - If party adopts mark that is deceptively similar to registered mark for identical goods, with full knowledge of prior statutory and common law rights, such adoption constitutes infringement: HC (See 'Legal Desk') National Rainfed Area Authority organizes High Level meeting for Watershed Development (See 'Corp Brief') Railways connects Remote Area of South Chhattisgarh (See 'Corp Brief') IPR - Requiring plaintiff to sue at place of its subordinate office because cause of action has arisen there would amount to re-writing Sec 134 of Trade Marks Act: HC (See 'Legal Desk') Rs 46 Crore released for Rehabilitation of Persons Engaged in Begging (See 'Corp Brief') FEMA - The fact that penalty falls within statutory maximum does not, by itself, validate quantum imposed: HC (See 'Legal Desk') Experts deliberate on WTO Fisheries Subsidies Pact & Implementation Challenges (See 'Corp Brief') Companies Act - Admission of winding-up petition, appointment of provisional liquidator or liquidator, or possession of assets by liquidator does not, by itself, establish irreversibility thereof: HC (See 'Legal Desk') 7th High-Level meeting of OPEC-India Energy Dialogue held in Delhi (See 'Corp Brief') Competition - Formulation of technical specifications & procurement requirements falls primarily within domain of procuring entities, which are at liberty to set terms suited to their needs - no case of contravention of Sections 3 or 4 is made out: CCI (See 'Legal Desk') NHAI signs MoU with SSNNL to simplify Approval Framework for NH (See 'Corp Brief') PMLA - Provisional attachment order unsustainable when there is no apprehension or evidence that subject property is likely to be transferred, concealed or in some way disposed off so as to frustrate confiscation proceedings: SAFEMA Tribunal (See 'Legal Desk') Union Minister inaugurates WWF Global Conservation Conference at Jaipur (See 'Corp Brief') Ministry of MSME gears Up for Special Campaign 6.0 on Swachhata (See 'Corp Brief') SECI celebrates 15th Foundation Day with Stakeholders' Meet (See 'Corp Brief') A&C - Agent cannot claim cross-contractual lien over principal's property for dues arising under separate agreements in absence of express contractual provision permitting such retention: HC (See 'Legal Desk') Coal India advances Technology-led Diversification Across Energy & Minerals (See 'Corp Brief') Digital India RISC-V Grand Challenge under C2S Programme awarded to 3 teams (See 'Corp Brief') IBC - Arrangement of funds to enable corporate debtor to clear its liabilities, coupled with transfer of funds from cooperative bank loan account of applicant directly to bank, is not valid loan disbursement under IBC: NCLT (See 'Legal Desk') Vaishnaw highlights ISM 2.0, indigenous design, manufacturing, talent and India's emergence (See 'Corp Brief') SEBI - SEBI, acting as statutory market regulator, is duty-bound to issue a reasoned, speaking order when a decision carries serious civil consequences for acquirer, target company & investors: SAT (See 'Legal Desk') An unsuccessful 'success fee' litigation (See CORP EINSICHT)

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India's RE capacity registers 14.2% Year-on-Year growth

Published: Dec 12, 2024

By TIOLCorplaws News Service

NEW DELHI, DEC 12, 2024: MINISTRY of New and Renewable Energy (MNRE) has reported significant progress in India's renewable energy sector from November 2023 to November 2024. This progress underscores India's commitment to achieving its clean energy targets in line with the ‘Panchamrit' goals set by Prime Minister Narendra Modi.

Record Capacity Additions

As of November 2024, the total non-fossil fuel installed capacity has reached 213.70 GW, marking an impressive 14.2% increase from last year's 187.05 GW. Meanwhile, the total non-fossil fuel capacity, which includes both installed and pipeline projects, surged to 472.90 GW, a substantial 28.5% increase from the previous year's 368.15 GW.

During FY 24-25 a total of 14.94 GW of new RE capacity was added till November 2024, nearly doubling the 7.54 GW added during the same period in FY 23-24. In November 2024 alone, 2.3 GW of new capacity was added— marking a dramatic fourfold increase from the 566.06 MW added in November 2023.

Solar and Wind Power Experience Significant Growth

India's renewable energy sector has seen widespread growth across all major categories. Solar power continues to lead, with installed capacity rising from 72.31 GW in 2023 to 94.17 GW in 2024, a robust growth of 30.2%. Including pipeline projects, total solar capacity surged by 52.7%, reaching 261.15 GW in 2024, compared to 171.10 GW in 2023. Wind power also made notable contributions, with installed capacity rising from 44.56 GW in 2023 to 47.96 GW in 2024, reflecting a growth of 7.6%. Total wind capacity, including pipeline projects, increased by 17.4%, from 63.41 GW in 2023 to 74.44 GW in 2024.

Steady Contributions from Bioenergy, Hydro, and Nuclear Sectors

Bioenergy and hydroelectric projects also made steady contributions to the renewable energy mix. Bioenergy capacity rose from 10.84 GW in 2023 to 11.34 GW in 2024, reflecting a growth of 4.6%. Small hydro projects saw a slight increase, from

4.99 GW in 2023 to 5.08 GW in 2024, with total capacity, including pipeline projects, reaching 5.54 GW. Large hydroelectric projects grew incrementally, with installed capacity rising from 46.88 GW in 2023 to 46.97 GW in 2024, and total capacity, including pipeline projects, increasing to 67.02 GW from 64.85 GW in the previous year.

In nuclear energy, installed nuclear capacity grew from 7.48 GW in 2023 to 8.18 GW in 2024, while the total capacity, including pipeline projects, remained steady at  22.48GW.

These impressive figures underscore the Government of India's continued efforts to scale up renewable energy capacity and reduce dependence on fossil fuels. MNRE under Union Minister of New and Renewable Energy Pralhad Joshi has been taking various key initiatives reflecting India's dedication to fulfilling its climate commitments while strengthening energy security.

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