The Indian government has a significant amount of incentive programs, policies, and support for sustainable energy. The percentage of clean energy in electricity generation has risen to 29.4%. The credit goes to government backing and significant investments in technology upgradation and manufacturing in the clean energy sector. We can examine the proportion of each clean energy source used in the production of electricity if we divide the total amount of clean energy generation by the sources. Solar energy has contributed 53% and wind energy contributed 41% of the total clean energy generated in the country. In the year 2022, the total power generated in the country was 410 GW from which 121 GW is clean energy share and 235 GW is thermal energy share. The share of coal in power generation alone stands for 203GW, which is 50% of the total power generated in the country in 2022. Coal-fired power plants provide affordable, reliable, and constant power that is available on demand to meet energy consumption needs. Despite being an imported fuel from foreign countries such as Indonesia, Australia, and South Africa, coal is driving the power market of India. But according to the year-on-year energy growth data, it can easily be interpreted
that clean energy is growing at a CAGR of 10 GW YOY from the last five years and coal-based energy is growing at a CAGR of 3.2GW. The number of players in the clean energy sector is increasing specifically in solar and wind sources because the schemes like the Offshore wind policy and PM KUSUM are attracting private players.