23-06-2022 | 13:03 PM
Renewable Energy 2022: Global Status Report
India ranked third globally for total renewable power capacity additions with 15.4 GW in 2021, following only China (136 GW) and the US (43 GW).
The report was titled Renewable Energy 2022: Global Status Report published by REN21.
Renewable status in India in 2021
It ranked fourth in total solar installations (60.4 GW) for the year 2021, overtaking Germany (59.2 GW) for the first time.
India ranked third globally for the total installed capacity of wind power (40.1 GW), behind China, the US and Germany.
India was the second-largest market in Asia for new solar PV capacity, and third globally.
Renewable Investment in India
India investment in renewables for the year 2021 increased by 70% to $11.3 billion.
India also extended its national Rs 18,100 crore ($24.3 billion) solar production programme.
In 2021, after India increased its cap on solar PV installations under its net metering scheme, the country’s rooftop PV market hit a record high.
Global Status
The world, overall, added around 3,146 GW of total installed renewable power capacity in 2021.
It is a spike of 11% from the previous year.
About REN21
Renewable Energy Policy Network for the 21st Century (REN21) is a global renewable energy community of actors from science, governments, NGOs and industry.
It provides up-to-date and peer-reviewed facts, figures and analysis of global developments in technology, policies and markets.
More than 650 experts have contributed to the outcome of the report.
