India’s Renewable Energy Revolution
At the 4th Global Renewable Energy Investors Meet and Expo (RE-INVEST 2024) in Gandhinagar, the PM declared that India’s solar revolution story will be painted in gold when the history of the 21st century is written.
This is because installed solar energy capacity in India has increased by 30 times in the last 9 years reaching 89.43 GW (as of August 2024).
Renewable Energy Installed Capacity in India:
As of August 2024, Renewable Energy (RE) sources (including large hydropower) have a combined installed capacity of 199.52 GW.
As per REN21 Renewables 2024 Global Status Report, India stands 4th globally in RE installed capacity (including large hydro), 4th in Wind Power capacity and 5th in Solar Power capacity.
Growth of Renewable Energy Installed Capacity in India:
India’s installed non-fossil fuel capacity has increased 396% in the last 8.5 years and stands at more than 207.76 GW (including large hydro and nuclear), which is about 46% of the country’s total capacity.
The country has set an enhanced target at the UNFCCC’s COP26 (Glasgow, 2021) of 500 GW of non-fossil fuel-based energy by 2030 – the world’s largest expansion plan in renewable energy under the Panchamrit Pledge
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