Renewable Energy in India Statistics 2024 – Percentage & Production Rates
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Ed Malaker
- Last updated:
One of the best ways to achieve a greener environment is by using renewable energy, and India is one of the leaders in the field. Several projects and a strong drive have helped them rank third in 2021 for the creation of renewable energy. If you would like to learn more about India’s effort to improve the environment, keep reading as we list several facts about renewable energy facts & renewable energy statistics.
Click below to jump ahead:
The 10 Renewable Energy Statistics
- India’s installed solar energy capacity has increased rapidly over the last seven years to reach 49.5 gigawatts.
- India has approved the creation of 45 solar parks.
- India hopes to reduce its carbon emissions by 1 billion tons by 2030.
- India wants to eliminate its carbon emissions by 2070.
- India expects to invest over $500 million in Sri Lanka to create renewable energy.
- Pandemic-induced supply chain issues have made it difficult for India to reach its goals.
- India’s renewable energy capacity has increased 286% over the last 7.5 years.
- India’s renewable energy sector should bring in more than $15 billion in new investments.
- India will likely be the largest producer of coal in 2022.
- India will likely miss its 2022 solar target of 40 gigawatts.
Renewable Energy Facts
1. India’s installed solar energy capacity has increased rapidly over the last seven years to reach 49.5 gigawatts.
(Invest India)
The number of installed solar energy panels in India has increased 17 times over the past 7 years. Those panels currently can produce 49.5 gigawatts, which makes up the largest portion of renewable energy in India.
2. India has approved the creation of 45 solar parks.
(Invest India)
India has approved the creation of 45 solar parks that will create 37 gigawatts of renewable energy to help them achieve their goal of producing 174 gigawatts of renewable energy by the end of 2022.
3. India hopes to reduce its carbon emissions by 1 billion tons by 2030.
(Invest India)
India hopes that the plan that it has in place will help it reduce its carbon emissions by 1 billion tons by 203,0 when it also hopes to have 500 gigawatts of renewable energy installed.
4. India wants to eliminate its carbon emissions by 2070.
(Invest India)
India hopes to be completely dependent on renewable energy by 2070, achieving zero net carbon emissions with no further need for fossil fuels.
5. India expects to invest over $500 million in Sri Lanka to create renewable energy.
(Clean Technica)
Sri Lanka faces an economic crisis of more than $4 billion in debt. India intends to invest more than in the country to help ease its struggle and create renewable energy that will benefit the world. It has also extended the credit line and provided other economic relief to help the country pull through its difficult struggle. Sri Lanka also hopes to get help from China.
6. Pandemic-induced supply chain issues have made it difficult for India to reach its goals.
(Energy World)
Unfortunately, the COVID-19 pandemic has made it difficult for India to collect the supplies that it needs to reach its goals. Increasing taxes on imports also makes the supplies harder to purchase.
Renewable Energy Statistics
7. India’s renewable energy capacity has increased 286% over the last 7.5 years.
(Invest India)
India has successfully increased its renewable energy capacity by more than 286% over 7.5 years to more than 151.4 gigawatts. It intends to raise it to 174 gigawatts by the end of 2022, making it the most ambitious plan to create a better environment in the world.
8. India’s renewable energy sector should bring in more than $15 billion in new investments.
(Observer Research Foundation)
Experts expect India’s renewable energy sector to bring in more than $15 billion in new investments this year alone, and it should continue to rise over the next several years.
9. India will likely be the largest producer of coal in 2022.
(Observer Research Foundation)
Despite the push for a cleaner environment, rising natural gas prices have caused a return to coal heating, and scientists expect it to jump by more than 9% over previous years to an all-time high of more than 8 billion tons. India will likely be the largest of the many countries producing coal, and many believe that it will produce more than 1 billion tons in 2022 alone.
10. India will likely miss its 2022 solar target of 40 gigawatts.
(PV Tech)
Despite a strong showing earlier, there will be at least a 25-gigawatt shortage in solar power at the end of 2022. India hoped to produce about 40 gigawatts, but the panels did not operate as expected, and they came up short on power. The poor performance of these panels also puts their 2030 goals in question. Some experts suggest that they will fall short by as much as 29%.
What Is Renewable Energy?
Renewable energy uses limitless resources to create power. These include sunlight, wind, running water, and even plants and animals. Examples of limited resources include fossil fuels, batteries that use hard-to-find minerals, etc. Renewable energy won’t run out, and harvesting it does not damage the environment or the planet.
How Does India Create Renewable Energy?
India has several projects in place that help it create renewable energy. One of the primary methods that it uses is solar energy. The country is currently the largest producer of renewable energy, responsible for 49.9 gigawatts of power. India is also the seventh-largest producer of hydroelectric power in the world, and that is the second-largest source of renewable energy in India at 46.51 gigawatts. Wind power is the third-largest type of renewable energy in India, and it’s responsible for about 40 gigawatts. Biopower is a kind of renewable energy created by plants and animals that produces over 10 gigawatts of power for India. A second small hydropower plant produces 4.8 gigawatts. India hopes to expand these projects to help it reach its ambitious goal of no carbon emissions by 2070. (Invest India)
Can I Create Renewable Energy in My Home?
The best way to create renewable energy in your home is to purchase solar panels that you can place on your roof or in your yard. These solar panels will help you reduce your dependence on commercial electricity, which typically uses fossil fuels to generate the power that you need. Even a few small panels can dramatically decrease your fossil fuel consumption by giving you the power that you need to light your room, charge your phone, or watch television.
Conclusion
While India is struggling to reach its ambitious goals due to the COVID-19 pandemic and the political climate around the world, both of which are increasing prices and making the acquisition of materials difficult, they are still great ideas to rally behind and encourage. Though India may fall short of anticipated goals, it’s already creating large amounts of renewable energy that will greatly impact the country and the environment. Hopefully, it can stay focused on its plan, and other countries will begin to take notice and start producing renewable energy themselves, so we can stop mining fossil fuels. Then, our planet can begin to heal before we start to experience major climate change.
See Also: 10 Renewable Energy Myths and Misconceptions
Featured Image Credit: PxHere
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