India has attained the fourth position globally in installed wind power capacity

  • India has attained the fourth position globally in installed wind power capacity.
  • It is after China, US and Germany as a result of various steps in the right direction, the Economic Survey said.
  • With the legal framework in place for the International Solar Alliance (ISA) by Prime Minister and launched during the UN climate summit in Paris, ISA will be a “major” international body headquartered in India.
  • It said that currently, India’s renewable energy sector is undergoing transformation with a target of 175 GW of renewable energy capacity to be reached by 2022.

    In order to achieve the target, the major programmes on implementation of :

  • A capacity addition of 14.30 GW of renewable energy has been reported during the last two and half years under Grid Connected Renewable Power.
  • Solar photovoltaic (SPV) power plants on canal bank and canal tops, solar pump, solar rooftop among others have been launched.
  • Solar scheme for Central Public Sector Undertakings,
  • Solar Defence Scheme,
  • Solar Park,
  • This includes 5.8 GW from Solar Power, 7.04 GW from Wind Power, 0.53 GW from Small Hydro Power and 0.93 GW from Bio-power.
  • On October 31, 2016, India achieved 46.3 GW grid-interactive power capacity, 7.5 GW of grid-connected power generation capacity in renewable energy.
  • It also has small hydro power capacity of 4.3 GW.
  • Besides this, 92,305 solar pumps were installed and Rs 38,000 crore worth of Green Energy Corridor is being set up to ensure evacuation of renewable energy.
  • With India’s initiative, ISA envisaged as a coalition of solar resource-rich countries to address their special energy needs, will provide a platform to collaborate.
  • It will focus on addressing the identified gaps through a common and agreed approach.

ISA: More Details

  • 24 countries have signed the Framework Agreement of ISA after it was opened for signature on November 15, 2016.
  • ISA is expected to become inter-governmental treaty-based organization.
  • It will be registered under Article 102 of the UN charter after 15 countries ratify the Agreement.
  • With legal framework in place, ISA will be a major international body headquartered in India