Renewable energy drives India’s power transition - The HinduBusinessLineSENSEX 82,225.92 -1,068.74NIFTY 25,424.65 -288.35CRUDEOIL 6,034.00 -11.00GOLD 159,493.00 -2,105.00SILVER 258,535.00 -6,798.00SENSEX 82,225.92 -1,068.74NIFTY 25,424.65 -288.35NIFTY 25,424.65 -288.35CRUDEOIL 6,034.00 -11.00CRUDEOIL 6,034.00 -11.00GOLD 159,493.00 -2,105.00'; } document.getElementById("lgdv").innerHTML = htmlElements; } function numberformat(i) { return Number(parseFloat(i).toFixed(2)).toLocaleString('en', { minimumFractionDigits: 2 }) } async function gatherResponse(response) { const { headers } = response; const contentType = headers.get('content-type') || ''; if (contentType.includes('application/json')) { return await response.json() } return response.text(); } function getWidth() { if (Math.max(document.body.scrollWidth,document.documentElement.scrollWidth,document.body.offsetWidth,document.documentElement.offsetWidth,document.documentElement.clientWidth) > 991) { document.getElementById("mob").style.display = "none"; document.getElementById("lgdv").style.display = "block"; } else { document.getElementById("mob").style.display = "block"; document.getElementById("lgdv").style.display = "none"; } } getWidth();]]>Renewable power is growing rapidly worldwide. India accounted for about 5% of global renewable capacity in 2024 and ranked as the third-largest contributor after China and the US. India’s installed capacity is projected to rise from 475 GW (Giga Watt) in FY25 to 705 GW by FY30. India’s solar installation costs fell 60.6% and wind costs 20.4% (FY16–FY24), making renewables significantly cheaper than fossil fuels. Renewables’ contribution to generation is projected to increase from 14% in FY25 to 30% by FY30, while thermal power’s share declines to 58%, signalling structural decarbonisation of India’s grid.Key trends:Published on February 24, 2026Sign into Unlock benefits!Access 10 free stories per monthAccess to comment on every storySign up/Manage to our newslettersGet notified by email for early preview to new features, discounts & offers${ ind + 1 } ${ device }Last active - ${ la }