Concept

Renewable energy in India

Résumé
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 fue
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