India added around 15.4 gigawatts (GW) of renewable power capacity in 2021, the third highest after China (136 GW) and the United States (43 GW), according to a global status report released by REN21 on June 15.
The REN21’s renewables 2022 global status report noted that with this growth, India was now the third-largest market in the world for new solar photovoltaics (PV) capacity and ranked fourth in the world for total solar energy installations (60.4 GW) by overtaking Germany at 59.2 GW and following China (305.9 GW), US (121.4 GW) and Japan (78 GW).
While this growth has put India in an important position in terms of generation of renewable energy, the report said that last year, aftershock of the Covid-19 pandemic and a rise in commodity prices led to a disruption in renewable energy supply chains and delayed renewable energy projects.
What is REN21?
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.
It was created in 2004 as an outcome of the Bonn2004 International Conference on Renewable Energy.
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