India comes third in Renewable Energy Installations in 2021

Sakshi Education

India ranked third globally for total renewable power capacity additions in 2021 with 15.4 GW, behind only China (136 GW) and the US (43 GW). According to a report, despite the Covid-19 pandemic’s promise of a global green recovery, this historic opportunity has been lost. The world is unlikely to be able to achieve important climate goals this decade, according to REN21’s Renewables 2022 Global Status Report (GSR 2022). This is because the global clean energy transition is not taking place.
The largest energy crisis in modern history started in the second half of 2021, and it was made worse by the Russian Federation’s invasion of Ukraine in early 2022 and an unprecedented global commodities shock.
The research states that India increased its hydroelectric capacity by 843 MW in 2021, bringing the total to 45.3 GW.
India was the third-largest market globally and the second-largest market in Asia for new solar PV capacity (13 GW of additions in 2021).
In terms of overall installations, it came in at number four (60.4 GW), passing Germany (59.2 GW) for the first time.
India was in third place overall for installed wind power (40.1 GW), trailing only China, the US, and Germany.
In the energy industry, historic increases in generation (7,793 terawatt hours) and capacity (314.5 gigawatts, up 17% from 2020) were unable to keep up with the six percent growth in global electricity demand.

Download Sakshi Education Mobile APP