Sign In
Learn bits
Science & Tech., Economy
Mahesh

18/06/22 22:11 PM IST

India Ranks Third in Renewable Energy Installations in 2021

In News 
  • India ranked third in renewable energy installations in 2021, after China and Russia, according to a global status report released recently. 
Major Findings 
  • India installed 4 gigawatts (GW) of renewable energy projects in 2021
  • India ranked fourth in total solar installations (60.4 GW) for the year – overtaking Germany (59.2 GW) for the first time.
  • Overall countries added around 3,146 GW of total installed renewable power capacity in 2021 – a rise of 11% from the previous year.
  • Despite the rise in installed capacity, the share of renewables in global energy use stagnated in 2021. The renewable energy capacities achieved so far come nowhere close to the targets required to keep the world on track to reach net-zero emissions by 2050.
Measures  taken by Indian Govt. 
  • India has announced a target of 500 GW of renewable energy by 2030through sources such as solar photovoltaic (PV) energy, wind and hydropower.
  • Currently, projects worth almost $197 billion are underway in India.
  • India extended its national solar production programme, which provides incentives to domestic and international companies for setting up battery manufacturing plants.
  • In 2021, after India increased its cap on solar PV installations under its net metering scheme, the country’s rooftop PV market hit a record high.
Source- PIB 

More Related Current Affairs View All

14 Aug

ABC of Sterilisation

'The Supreme Court has directed Delhi, Noida, Gurgaon, and Ghaziabad authorities to urgently round up and shift stray dogs to shelters, stressing the need to protect children from

Read More

14 Aug

Post and pre-matric scholarships

'The  Union government is considering revising the parental income limit for eligibility in availing post and pre-matric scholarships administered to students from marginalise

Read More

13 Aug

Working of satellite internet

'Satellite internet is revolutionizing how we connect, extending high-speed access to virtually every corner of the globe, regardless of location.' Imagine getting online from t

Read More

India’s First Ai-Driven Magazine Generator

Generate Your Custom Current Affairs Magazine using our AI in just 3 steps