India has witnessed remarkable growth in its power sector, achieving more than 56% growth in total installed capacity from 305GW in 2015/16 to 476GW by June 2025.

Official figures released on 22 June 2025 highlight this robust expansion driven by rising demand and supportive policies for both conventional and renewable energy sources.

The nation’s electricity generation also saw an increase from 1,168 billion units (BU) to an estimated 1,824 BU during 2024/2025.

Power shortages have plummeted from 4.2% in 2013/14 to just 0.1% in 2024/25, while more than 20 million households have gained access to electricity.

Thermal power is the largest contributor to progress at 240GW, followed by solar at almost 111GW and wind at more than 51GW – indicative of India’s commitment towards sustainable energy solutions.

The strategic pivot enhances energy security and aligns with global decarbonisation efforts.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

With the fastest-growing major economy tag, India’s role is pivotal in the global energy transition.

Its primary energy consumption will double by 2035 due to sustained economic development.

The country ranks fourth globally for renewable energy installed capacity according to IRENA RE (the International Renewable Energy Agency) statistics for the year.

In compliance with COP26 commitments, India’s Ministry of New & Renewable Energy (MNRE) aims for a target of non-fossil fuel-based electricity capacity reaching half a terawatt (TW) by 2030.

Non-fossil fuel sources already contribute nearly half of India’s current installed capacity, demonstrating significant progress over the last 11 years – especially in renewables, where installed capacity has almost tripled since March 2014 and now constitutes one-fifth of total generation capability.

Projects worth 177GW under implementation or at bidding stages are poised to bolster these numbers even more – particularly solar, which has grown more than 39-fold since 2018, including an impressive near-24GW added in 2024 alone.

Manufacturing capabilities have similarly leapt forward with solar PV module capacities increasing rapidly from just over 2GW up to 88GW while cell capacities have risen 21 times higher than their 2019 levels.

Wind power also cements India as a leader, ranking fourth globally due to onshore developments alongside growing offshore potential supported through evolving policies and infrastructure advancements within the sector.

Power Technology Excellence Awards - Have you nominated?

Nominations are now open for the prestigious Power Technology Excellence Awards - one of the industry's most recognised programmes celebrating innovation, leadership, and impact. This is your chance to showcase your achievements, highlight industry advancements, and gain global recognition. Don't miss the opportunity to be honoured among the best - submit your nomination today!

Nominate Now