Green milestone: Share of coal in India’s total installed electricity capacity drops below 50%
7 months, 3 weeks ago

Green milestone: Share of coal in India’s total installed electricity capacity drops below 50%

Hindustan Times  

The share of coal in India’s total installed electricity capacity fell below 50% for the first time in history in 2023-24, according to a report released on Thursday, marking a crucial milestone in the country’s attempt to switch to clean energy. The report also found that renewable energy auctions reached a record 41 GW in fiscal year 2024, with eight auctions including energy storage components. Renewable energy sources accounted for 71% of the 26 gigawatts of power generation capacity added in India during the fiscal year, the CEEW Centre for Energy Finance Market Handbook found. “Consequently, the coal/lignite share in India’s total installed capacity tipped below the 50 per cent mark for the first time,” the handbook said.

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