(MENAFN- KNN India)
Renewables to become top source of global electricity generator by 2025 New Delhi, Dec 7 (KNN)
Surpassing coal, renewables energy are expected to be the largest source of global electricity generation by early 2025, said the International Energy Agency on Tuesday.
The goal of limiting global warming to 1.5 degree celsius could be kept alive with sharp acceleration in renewable energy installations and the total capacity worldwide set to almost double in the next five years.
According to the report, the global energy crisis caused by Russia's invasion of Ukraine, IEA's 'Renewables 2022' will be the main driver of this jump in uptake of renewable energy globally.
China, the United States and India are expected to double their renewable capacity expansion in the next five years, accounting for two-thirds of global growth in renewable energy.
In India, new renewable energy installations are set to double by 2027, led by solar energy and driven by competitive auctions implemented to achieve Centre's target of 500 GW of non-fossil energy capacity by 2030.
The Ministry of Power and New & Renewable Energy has a domestic goal of installing 500 GW of renewable energy capacity by 2030.
(KNN Bureau)
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