How has India transformed into the world’s 4th largest renewable energy capacity?
Synopsis
Key Takeaways
- India's renewable energy capacity increased from 81 GW to 257 GW.
- Solar capacity surged from 2.8 GW to 128 GW.
- Solar module manufacturing rose from 2 GW to 110 GW.
- India achieved its 50% non-fossil energy target five years early.
- Innovative initiatives are boosting energy access and equity.
New Delhi, Nov 1 (NationPress) India's transformation into the world's 4th largest renewable energy capacity, soaring from 81 GW in 2014 to 257 GW by 2025, is truly remarkable, stated Minister of Consumer Affairs and New and Renewable Energy Pralhad Joshi.
While addressing the eighth session of the assembly of the International Solar Alliance (ISA) at Bharat Mandapam, the Minister highlighted a threefold increase from 81 GW in 2014.
He also emphasized India's significant solar capacity growth, which rose from 2.8 GW in 2014 to 128 GW.
"India is now the world's 4th-largest in RE capacity. Renewables in 2014 V/s Now: 81 GW - 257 GW," Joshi remarked.
He revealed that solar module manufacturing capacity surged from 2 GW in 2014 to 110 GW today. Likewise, solar cell production jumped from 'zero' to 27 GW.
Under the guidance of Prime Minister Narendra Modi, India met its Nationally Determined Contribution target of 50 percent capacity from non-fossil sources, five years ahead of schedule.
“Thanks to the visionary leadership of Prime Minister Narendra Modi, India achieved its goal of 50 percent energy capacity from non-fossil sources, five years before the 2030 target, making clean energy both accessible and affordable,” the minister shared with attendees.
Through groundbreaking initiatives such as PM-KUSUM, PM Surya Ghar Muft Bijli Yojana, PM-JANMAN, and 'One Sun, One World, One Grid', India is at the forefront of promoting energy equity, empowering marginalized communities, and enhancing South-South cooperation, Joshi added.
India also holds the third position globally in the growth of power generation capacity over the last five years.
The ISA, spearheaded by India, is a treaty-based intergovernmental organization aimed at fostering a solar-powered future, particularly addressing the energy needs of developing countries.