India’s non-hydro renewables to reach 126 GW by 2025

October 15 – India’s installed non-hydro renewable energy capacity is expected to more than triple to an estimated 125.9 GW by 2025 from 33.1 GW in 2014, shows a new report from research and consulting firm GlobalData.

“India has significant solar power potential, due to its geographical location near the equator, and the country has outlined clear plans for future energy production from this source,” said Chiradeep Chatterjee, GlobalData’s senior analyst covering power.

Together with nuclear energy, renewables will drive the country’s cumulative installed capacity to about 609 GW by that year from 272.8 GW in 2014. This represents a Compound Annual Growth Rate (CAGR) of 7.3%, the research firm said on Thursday.

Still, thermal power will continue to contribute the most when it comes to the country’s energy mix, GlobalData added.

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