India becomes 3rd largest generator of wind and solar power, surpasses Germany

JM Financial suggested targets of Rs 212 for Inox Wind, Rs 456 for Tata Power, Rs 100 for NHPC, Rs 659 for JSW Energy, Rs 1,593 for Torrent Power and Rs 359 for NTPC. 
India becomes 3rd largest generator of wind and solar power, surpasses Germany

India became the world’s third-largest producer of electricity from wind and solar energy in 2024, overtaking Germany, according to a new report published on Tuesday.

The sixth edition of global energy think tank Ember’s Global Electricity Review said wind and solar together generated 15 per cent of global electricity last year. India’s share stood at 10 per cent.

The report said low-carbon sources, including renewables and nuclear power together, provided 40.9 per cent of the world’s electricity in 2024. This is the first time the 40 per cent mark has been crossed since the 1940s.