Indian Energy Sector Sees Growth in Supply and Renewable Potential
New Delhi – India’s energy sector has demonstrated sustained expansion, according to data released by the National Statistics Office (NSO). Total primary energy supply (TPES) grew by 2.95 per cent in fiscal year 2024-25, reaching 9,32,816 KToE (kilo tonnes of oil equivalent), compared to the previous year.Renewable Energy Potential Soars
The country possesses significant renewable energy potential, currently estimated at 47,04,043 megawatt as of March 31, 2025. Solar energy has seen substantial growth, increasing from 748,990 megawatt in fiscal year 2023-24 to 33,43,378 megawatt in fiscal year 2024-25, representing approximately 71 per cent of the total potential. Wind power accounts for 11,63,856 megawatt, while large hydro contributes 1,33,410 megawatt. More than 70 per cent of the renewable energy potential is concentrated in six states: Rajasthan, Maharashtra, Gujarat, Andhra Pradesh, Karnataka, and Madhya Pradesh.Per-Capita Energy Consumption Increases
Per-capita energy consumption has risen from 15,296 mega joules/person in fiscal year 2015-16 to 18,096 mega joules/person in fiscal year 2024-25, reflecting a compound annual growth rate (CAGR) of 1.89 per cent over the years.Credit Flow to Energy Sector Doubles
Credit flow to the Indian energy sector has experienced substantial growth. In 2021, the amount stood at Rs 1,688 crore. By 2025, this figure increased to Rs 10,325 crore, representing over six times growth during that period.Electricity Generation from Renewables Increases Significantly
The gross generation of electricity from renewable resources (both utility and non-utility) has also increased significantly. From 1,89,314 GWH in fiscal year 2015-16, the generation rose to 4,16,823 GWH in fiscal year 2024-25, demonstrating a CAGR of 9.17 per cent.Coal Remains Dominant Energy Source
Despite the growth in renewable energy, coal remains the dominant energy source, contributing the highest share to the total energy supply. The supply of energy from coal (including lignite) increased from 3,87,761 Ktoe in fiscal year 2015-16 to 5,52,315 Ktoe in fiscal year 2024-25. Crude oil and natural gas also experienced consistent growth during the same period. The total final consumption (TFC) of energy across various end-use sectors has steadily increased.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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