Renewable energy in India

India is world's 3rd largest consumer of electricity and world's 3rd largest renewable energy producer with 40% of energy capacity installed in the year 2022 (160 GW of 400 GW) coming from renewable sources. Ernst & Young's (EY) 2021 Renewable Energy Country Attractiveness Index (RECAI) ranked India 3rd behind USA and China. In FY2023-24, India is planning to issue 50 GW tenders for wind, solar and hybrid projects. India has committed for a goal of 500 GW renewable energy capacity by 2030.In line with this commitment, India's installed renewable energy capacity has been experiencing a steady upward trend. From 94.4 GW in 2021, the capacity has gone up to 119.1 GW in 2023 as of Q4. In 2016, Paris Agreement's Intended Nationally Determined Contributions targets, India made commitment of producing 50% of its total electricity from non-fossil fuel sources by 2030. In 2018, India's Central Electricity Authority set a target of producing 50% of the total electricity from non-fossil fuels sources by 2030. India has also set a target of producing 175 GW by 2022 and 500 GW by 2030 from renewable energy. As of September 2020, 89.22 GW solar energy is already operational, projects of 48.21 GW are at various stages of implementation and projects of 25.64 GW capacity are under various stages of bidding. In 2020, 3 of the world's top 5 largest solar parks were in India including world's largest 2255 MW Bhadla Solar Park in Rajasthan and world's second-largest solar park of 2000 MW Pavgada Solar Park Tumkur in Karnataka and 1000 MW Kurnool in Andhra Pradesh. Wind power in India has a strong manufacturing base with 20 manufactures of 53 different wind turbine models of international quality up to 3 MW in size with exports to Europe, United States and other countries. Solar, wind and run-of-the-river hydroelectricity are environment-friendly cheaper power sources they are used as ""must-run" sources in India to cater for the base load, and the polluting and foreign-import dependent coal-fired power is increasingly being moved from the "must-run base load" power generation to the load following power generation (mid-priced and mid-merit on-demand need-based intermittently-produced electricity) to meet the peaking demand only.