APRIL 20259India emerged as the globe's third-largest generator of electricity from wind and solar power in 2024, surpassing Germany, as per a recently released report. The sixth iteration of Ember's Global Electricity Review, a global energy think tank, reported that wind and solar combined produced 15 percent of the world's electricity in the previous year. India's portion was 10 percent.In India, clean energy sources make up 22 percent of the electricity produced. Hydropower had the largest share The government announced a scheme worth 22,919 crores aimed at boosting domestic production of electronic components, display and camera modules, non-surface mount devices, multi-layer printed circuit boards, and lithium-ion cells for various digital applications, among other items.By launching a program aimed at boosting electronics component production, the government seeks to achieve a trifecta comprising semiconductor manufacturing, the creation of semiconductor components, and the production of finished items like mobile phones, laptops, hardware, and various information technology products.at 8 percent, whereas wind and solar combined made up 10%. Worldwide, renewables drove the increase in clean electricity, contributing a historic 858 terawatt hours (TWh) in 2024 - 49 percent higher than the prior record set in 2022.Solar continued to be the biggest source of new electricity for the third consecutive year, contributing 474 TWh in 2024. It was the quickest expanding energy source for the 20th consecutive year. In only three years, worldwide solar energy production increased to 6.9 percent of the electricity mix.India also experienced a swift rise in solar energy. In 2024, solar power accounted for 7 percent of the nation's electricity, with output having doubled since 2021. In 2024, India installed 24 gigawatts (GW) of solar capacity, over double the amount added in 2023, making it the third-largest market following China and the US. It also noted the fourth-largest rise in global solar generation, contributing 20 TWh.Although this goal was not formally part of India's revised NDCs, it continues to be an important point of reference in national energy planning documents, such as the 14th National Electricity Plan. The Union Minister of Electronics and Information Technology, Ashwini Vaishnaw, announced that the ministry will commence accepting applications from companies interested in manufacturing in India under the initiative."Within a short timeframe, diversity of the manufacturing ecosystem in the country has substantially increased. More than 400 production units, small and big, are there. Like all other industries and several other countries that went through this cycle, it starts with finished goods to begin with. Then, it moves to assembly and then components. We are now at a phase where we are moving to components," Vaishnaw said.The minister stated that the manufacturing and exporting of electronic components, particularly mobile phones, has experienced significant growth over the past ten years. He mentioned that although electronics manufacturing experienced a compound annual growth rate (CAGR) of 17 percent, exports increased at a 20 percent CAGR.According to the official notification, under the revised scheme for manufacturing electronic components, the government will offer incentives to applicants depending on their revenue, capital investment for producing goods in the target segment, or a mix of these factors. INDIA MOVES UP TO 3RD IN GLOBAL WIND AND SOLAR ENERGY RANKINGSGOVT LAUNCHES 22,919 CR SCHEME TO BOOST ELECTRONICS MANUFACTURING
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