India's total installed generation capacity has reached 5,05,023 MW, with 2,45,600 MW coming from non-fossil fuel sources, including 2,50,643 MW from renewable energy.
Minister of State for Power Shripad Yesso Naik highlighted the government's efforts to boost renewable energy to meet its target of 500 GW by 2030. The government has introduced various measures, such as waiving Inter-State Transmission System (ISTS) charges for Green Hydrogen projects and offshore wind projects, with incentives extending until December 2030. It has also issued guidelines for tariff-based competitive bidding for renewable energy projects like wind-solar hybrids.
Additionally, the Ministry of New and Renewable Energy (MNRE) has set a renewable energy procurement trajectory from FY 2023-24 to FY 2027-28, with 100 percent foreign direct investment allowed. To support renewable energy, the government has focused on enhancing transmission infrastructure, including laying new transmission lines and building solar parks. India has also reached a milestone, with 50 percent of its installed electricity capacity from non-fossil fuel sources, surpassing its target ahead of schedule.