India surpasses Germany as third-largest wind, solar power generator: Report

India emerged as the world’s third-largest producer of wind and solar energy electricity in 2024, surpassing Germany, according to the sixth edition of Ember’s Global Electricity Review. The report highlighted that wind and solar accounted for 15% of global electricity generation in 2024, with India’s share at 10%. Clean sources, including renewables and nuclear, contributed 40.9% of the world’s electricity — the highest since the 1940s. In India, clean energy formed 22% of the generation mix, with hydropower leading at 8%, followed by wind and solar at 10%. Solar alone made up 7% of the country’s electricity, doubling since 2021. 

India added 24 gigawatts (GW) of solar capacity in 2024 — more than double the previous year’s addition — making it the third-largest market after China and the United States. It also ranked fourth globally in solar generation increase, adding 20 terawatt hours (TWh). Globally, renewables contributed a record 858 TWh in 2024, with solar remaining the largest and fastest-growing electricity source for the 20th year, adding 474 TWh. Ember’s analysts emphasised India’s strong progress but stressed the need to accelerate clean generation to match rising demand. India’s climate targets include achieving 50% of installed capacity from non-fossil sources and reaching 500 GW of non-fossil capacity by 2030. However, Ember warns that this goal may fall short without a 20% annual increase in funding. 

Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.