RE share in power generation to cross 35% by 2030: Icra

The share of power generation from renewable energy (RE) capacities, including large hydro, is expected to cross 35% by FY30 from 22.1% in FY25, with expected incremental capacity addition of 200 GW between FY25 till FY30, as per Icra.

This in turn also hinges on the extent of implementation of the ongoing project pipeline where the projects are bid out and the power purchase agreements are signed, the development of adequate transmission connectivity infrastructure as well as timely bidding for new RE projects, along with the PPAs signing by central nodal agencies, the rating agency noted.