India now has the world's fourth-largest installed renewable energy capacity
01 Feb 2022
India has come a long way in the realm of renewable energy, thanks to several initiatives and accomplishments – the country now has the world’s fourth-highest installed renewable energy capacity.
As of 2021, the country had installed a total of 150.54 GW of renewable energy capacity (including large hydro). During 2020-21, a total of 219,817.14 million units of electricity were generated from various renewable energy sources (up to October 2021), according to RK Singh, Union Minister for Power and New and Renewable Energy.
The majority of the country's renewable energy projects are being developed by private-sector developers chosen after a transparent bidding process. The Government has released standard bidding criteria to help distribution licensees get power at competitive prices in a cost-effective way. States/Union Territories can procure power from solar projects (less than 5 MW capacity) and wind projects (less than 25 MW capacity) not covered under competitive bidding guidelines through Feed-in-Tariff (FiT) determined by the respective State Electricity Regulatory Commission to protect the interests of small developers as per Central Government guidelines.
Related Stories