New Delhi, April 24 -- India recorded its highest annual installed renewable energy capacity of 18.5 gigawatts (GW) for the fiscal year ending March 31, 2024.

According to Rystad Energy, the month of March witnessed a peak installation of 7.1 GW, surpassing the previous record of 3.5 GW set in March 2022.

This surge in installations, predominantly driven by solar energy, marks a significant step towards India's ambitious target of achieving 500 GW of non-fossil fuel capacity by 2031-32. This goal is in alignment with the government's vision for a net-zero emissions country by 2070.

Contributing to the impressive installation figures are major projects like Adani Green's 1.6 GW of solar capacity in Gujarat's Kutch district, which is par...