India Ranks Third in Renewable Energy Installations in 2021 – But Needs to Do More

Environmental News from India:

India ranked third in renewable energy installations in 2021, after China and Russia, according to a global status report released on Wednesday, June 15. India installed 15.4 gigawatts (GW) of renewable energy projects in 2021, the report titled Renewable Energy 2022: Global Status Report published by REN21 (Renewable Energy Policy Network for the 21st Century) said.

It ranked fourth in total solar installations (60.4 GW) for the year – overtaking Germany (59.2 GW) for the first time.

The world, overall, added around 3,146 GW of total installed renewable power capacity in 2021 – a spike of 11% from the previous year. Despite this, the share of renewables in global energy use stagnated in 2021.

Renewable energy capacity is nowhere close to the targets that need to be met for global climate goals in this decade, as per the report. India, too, will have to do much more to reach its renewable energy target, said energy scientists.

As a means of achieving its climate goals, India has announced a target of 500 GW of renewable energy by 2030 through sources such as solar photovoltaic (PV) energy, wind, and hydropower. Currently, projects worth almost $197 billion are underway in India, said Union minister of state for new and renewable energy, Bhagwant Khuba, on May 22.

REN21, a global collective of renewable energy actors, including scientists, governments such as India’s, non-governmental organizations, and members of the industry, collated data on renewable energy installations, markets, investments, and policies in countries across the world. More than 650 experts have contributed to the outcome of the report.

To read top environmental news from India, please visit https://earth5r.org 

Source: The WIRE

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