India's Renewable Energy
Transformation
India's renewable energy sector
continues to surge, with a remarkable
growth trajectory. As of FY24, the
installed Renewable Energy Sources (RES)
capacity reached 143.6 GW, showing a
steady CAGR of 15.32% since FY16.
Key insights into India's renewable
journey:
Wind Power 🌬️:
PLF Factor: 22–35%
Cost: ₹6.5–8 Cr per MW
Useful Life: 25 years
Solar Power ☀️:
PLF Factor: 18–24%
Cost: ₹3–5 Cr per MW
Useful Life: 25 years
Small Hydro Power 💧:
PLF Factor: 30–45%
Cost: ₹10–12 Cr per MW
Useful Life: 40 years
Biomass Power 🌱:
PLF Factor: 80%
Cost: ₹6–7.5 Cr per MW
Useful Life: 25 years
Waste-Based Power ♻️:
PLF Factor: 65–80%
Cost: ₹18–21 Cr per MW
Useful Life: 20 years
India aims to achieve 450 GW of
installed renewable energy capacity by
2030, with 280 GW coming from solar
power alone. This transition represents
US$ 221 billion worth of investment
opportunities.
Some of the Major Players leading this
transformation:
Adani Renewables
KPI Green Energy Ltd
JSW Energy
The future of energy in India is green,
and the potential is immense. Let’s
continue to support and contribute to
this sustainable energy future!
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