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India's Renewable Energy Share to Reach 27% by 2027 as per IEA.

Economy Business | Dated: 19 Feb 2025

India's share of renewable energy (RE) is projected to rise from 21% in 2024 to 27% by 2027. According to the International Energy Agency (IEA), the growth is primarily driven by solar power, expected to increase by more than 28% between 2025 and 2027.

🎯 Key Highlights:

  • - This transition is aimed at balancing economic growth, energy security, and environmental sustainability over the next decade.

💡 Other Important Facts:

  • (i) From 2018 to 2024, wind energy grew at a 7% compound annual growth rate (CAGR), with a forecasted increase to 11% CAGR from 2025 to 2027.
  • (ii) Hydropower is expected to grow at a 7% CAGR between 2025 and 2027, with a 21.1 GW small hydropower potential identified by the Central Electricity Authority (CEA).
  • (iii) In 2024, nuclear energy capacity rose by 13%, and the government plans to triple its capacity from 8.2 GW to 22.5 GW by 2032.

📚 Test Your Knowledge:

According to the International Energy Agency (IEA), India's renewable energy share is expected to reach what percentage by 2027?

Correct Answer: 27%

🚀 Quick Recap:

About International Energy Agency (IEA)

  • Executive Director (ED) : Fatih Birol
  • Headquarters : Paris