New Delhi, March 29
India has a huge potential for generation of renewable energy which stood at 21,09,655 megawatts (as on March 2024(, the government said on Saturday, adding that the country is experiencing a steady and healthy growth in both energy supply and consumption.
The potential of generating energy from wind power had the dominating share of 11,63,856 megawatts (around 55 per cent) which was followed by solar energy (7,48,990 megawatts) and large Hydro (1,33,410), according to the Ministry of Statistics and Programme Implementation.
More than half of the potential for generation of renewable energy has been concentrated within the four states — Rajasthan (20.3 per cent), Maharashtra (11.8 per cent), Gujarat (10.5 per cent) and Karnataka (9.8 per cent).
The installed-capacity for generating electricity (including Utility and Non-Utility) from the renewable resources has also experienced a significant growth over the past years.
From 81,593 megawatts (as on March 31, 2015), it has risen to 1,98,213 megawatts )as on March 31, 2024) — which is a CAGR of 10.36 per cent over the years.
The gross generation of electricity from the Renewable resources (both Utility and Non-Utility together) has also increased significantly over the years. From an amount of 2,05,608 GWH of electricity generated during FY 2014-15, it has increased to 3,70,320 GWH during FY 2023-24, which is a CAGR of 6.76 per cent over the years, the data showed.