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India renewable power output grows at fastest pace in 3 yrs

July 03, 2025 00:00:00


BENGALURU/SINGAPORE, July 2 (Reuters): India's renewable power output rose at its fastest pace since 2022 in the first half of 2025, a Reuters analysis of government data showed.

Renewable power output jumped 24.4 per cent to 134.43 billion kilowatt hours (kWh) for January-June 2025, according to a Reuters analysis of daily load despatch data from the federal grid regulator.

The share of renewables, excluding hydropower, hit a record high of more than 17 per cent in June.

Coal-fired generation, still India's dominant electricity source, fell nearly 3 per cent in the first half as overall power output growth slowed to 1.5 per cent. Electricity output grew 5.8 per cent in 2024.

A milder summer, due to an earlier-than-expected monsoon, and slowing economic activity have reduced coal demand, resulting in record domestic stockpiles and lower imports by the world's second-largest consumer of the fossil fuel behind China.

Renewable generation will continue to grow, with India expected to add 32 gigawatts (GW) of renewable capacity this year, compared with about 28 GW in 2024, said Vikram V, vice president of corporate ratings at Moody's unit ICRA.

India has already added 16.3 GW of wind and solar capacity in the five months through May, government data showed.


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