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#Climate Change #Sustainability #Energy
Economic Times
Economic Times
7d ago 11 views

India 4th largest renewable energy producer at 257 GW: Pralhad Joshi

India has become the fourth-largest renewable energy producer globally, increasing its capacity from 81 GW in 2014 to 257 GW today. This achievement is significant as it demonstrates India's commitment to clean energy and early fulfillment of its 2030 targets.
India 4th largest renewable energy producer at 257 GW: Pralhad Joshi
A What happened
Union minister Pralhad Joshi announced that India is now the world's fourth-largest renewable energy producer, boasting a capacity of 257 GW, up from 81 GW in 2014. The solar energy sector has seen a dramatic increase, with capacity rising from 2.8 GW to 128 GW. India has also achieved its Nationally Determined Contribution target of 50% capacity from non-fossil sources five years ahead of the 2030 deadline. The country’s renewable energy tariffs are among the lowest globally, showcasing its ability to deliver clean energy efficiently. The International Energy Agency predicts India will become the second-largest renewable market, while the Climate Change Performance Index ranks it among the top performers. Despite these advancements, challenges remain in ensuring equitable access to electricity, particularly in underdeveloped regions. India is also contributing to the Africa Solar Facility to support renewable investments in Africa, emphasizing its commitment to global energy equity.

Key insights

  • 1

    Significant solar capacity growth

    India's solar capacity increased from 2.8 GW in 2014 to 128 GW today.

  • 2

    Early target achievement

    India met its 2030 renewable energy targets five years ahead of schedule.

  • 3

    Global renewable leadership

    India ranks third globally in power generation capacity growth over the past five years.

  • 4

    Commitment to equitable growth

    India is investing in renewable projects in Africa to promote equitable energy access.

Takeaways

India's rapid growth in renewable energy capacity underscores its commitment to clean energy and positions it as a leader in the global energy transition. Continued efforts are needed to ensure equitable access to energy worldwide.