India, as per BloombergNEF’s Climatescope report 2023, leads the global renewable energy market, targeting 500GW by 2030. Achieving 140GW by 2022, with 78GW solar, 41GW wind, and 21GW from other sources, India surpasses coal since 2017. Transparent mechanisms, ambitious targets, and effective policies since 2012 contribute to this success, attracting $47 billion in investments over the last five years.
BNEF’s spotlight on India’s Climatescope success
Assessing clean energy progress in 110 emerging economies, the report evaluates advancements in power, transport, and building decarbonization. Illustration from GOLDBECK SOLAR.
Seven manufacturers to exceed 100 GW production capacity by 2027, reports Wood Mackenzie. (Image Credit: Wood Mackenzie)
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JinkoSolar’s N-type TOPCon solar module has attained 25.42% conversion efficiency. (Image Credit: JinkoSolar)
ISO 37301 certification reflects Trina Solar’s commitment to ethical business practices and regulatory compliance. (Image Credit: Trina Solar)