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India will nearly double its renewable energy output in five years

India will nearly double its renewable energy output in five years

New Delhi, Dec 9 (Prensa Latina) India will nearly double its renewable energy generation capacity over the next five years with the addition of another 145 gigawatts (GW), according to a new study by the International Energy Agency (IEA).

Photovoltaic solar energy accounts for three-quarters of this growth, followed by onshore wind (15%), and hydroelectric, which accounts for nearly the rest of it, said the report.

India has reached 165.94 GW of renewable energy generation capacity and built large hydroelectric power stations this year, Energy Minister Raj Kumar Singh told parliament this week.

The Ministry of Energy and New and Renewable Energies is working to reach 500 GW of installed electrical capacity in the country from non-fossil sources by 2030.

According to the IEA, renewable energy will account for 90 percent of the expansion of global electricity capacity in the next five years, much of it occurring in India.

China, the European Union and the United States will be three other countries that will greatly contribute to this upward trend.

The global installed capacity of renewable energies will rise to 2,400 GW between 2022 and 2027, in an expansion that would be 85 percent faster than in the previous five-year period.

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