India’s renewable energy journey has been nothing short of remarkable, and as we step into 2025, the momentum shows no signs of slowing down. The country has not only made substantial gains in recent years but is also poised to meet its ambitious green energy goals. With a total electricity generation capacity that has soared to 452.69 GW, renewable sources are now making a significant dent in the overall power mix. This shift is a clear indication that India is increasingly relying on cleaner, non-fossil fuel-based energy sources.
The progress can largely be attributed to a fruitful collaboration between the public and private sectors. Leaders in the industry are optimistic about the future, suggesting that the groundwork laid in recent years will pave the way for an even more robust renewable sector. The ambitious “Panchamrit” pledge made at COP26, which aims for 500 GW of non-fossil electricity capacity and a 45% reduction in emissions intensity by 2030, sets a clear roadmap for the nation. The goal of achieving net-zero emissions by 2070 is not just a lofty aspiration but a commitment that resonates with global trends in climate action.
Industry players are already gearing up for a surge in renewable energy investments. Srivatsan Iyer, Global CEO of Hero Future Energies, anticipates an influx of capital driven by both private and public sector participation. This is a clear signal that the industry is ready to capitalize on the momentum gained. Startups and established enterprises alike are racing to innovate, particularly in energy storage solutions, which are crucial for a reliable renewable energy grid.
However, the path forward isn’t without its hurdles. While government initiatives like the National Green Hydrogen Mission and revised ALMM guidelines have been instrumental in driving the sector forward, gaps remain—particularly in transmission infrastructure. Industry leaders are calling for urgent reforms, such as waiving interstate transmission charges for Power Purchase Agreements (PPAs) signed before June 2025 and shortening the implementation cycle of transmission schemes. These changes could significantly enhance the efficiency of renewable energy distribution.
Moreover, the focus on domestic manufacturing is gaining traction. Prashant Mathur of Saatvik Solar highlights the industry’s remarkable growth in solar cell manufacturing, spurred by government support and a commitment to self-reliance. Yet, the call for further fiscal measures, such as reducing the Goods and Services Tax on solar trackers, underscores the need for continued governmental backing.
As we look ahead, the renewable energy ecosystem is on the brink of transformative growth. The integration of Battery Energy Storage Systems (BESS) and the scaling of green hydrogen production under the National Green Hydrogen Mission are set to redefine the energy landscape. Rohit Bajaj from the Indian Energy Exchange emphasizes the importance of innovative market models in driving this evolution.
As 2025 approaches, the industry must prioritize quality over quantity. Overcommitting to projects can lead to resource strain and delays, which could compromise the very goals the sector aims to achieve. The focus should be on executing current projects effectively while ensuring that new initiatives are sustainable and well-planned.
In this dynamic environment, India stands at a pivotal juncture, ready to harness the potential of renewable energy not just for itself but as a global leader in climate mitigation. The next few years will be critical, and the decisions made today will shape the future of energy in the country and beyond.
