Renewable Energy to rise to 170 GW by March 2025: ICRA
India’s installed Renewable Energy (RE) capacity, excluding large hydro plants, is estimated to increase to 170 GW by March 2025 from a level of 135 GW in December 2023, rating agency ICRA said on Friday.
“ICRA estimates that the rise in the RE capacity over the next five-six years is estimated to enhance the share of RE plus large hydro in the all-India electricity generation from about 23 per cent in FY24 to around 40 per cent in FY30,” ICRA said in a statement.
Given the intermittency associated with RE generation, the availability of Round The Clock (RTC) supply from RE sources remains important, it stated.
