CURRENT AFFAIRS

Detailed explanation-1: -The index has been designed by MNRE, Shakti Sustainable Energy Foundation, Associated Chambers of Commerce and Industry of India and Ernst & Young. The index evaluates states based on their attractiveness for rooftop development.

Detailed explanation-2: -Spain remained the most attractive PPA market in 2022, with Germany overtaking the United States for second place. The United Kingdom, Australia and France completed the top five. EY also introduced a new renewables attractiveness ranking, normalized to countries’ gross domestic product.

Detailed explanation-3: -2022. India stands 4th globally in Renewable Energy Installed Capacity (including Large Hydro), 4th in Wind Power capacity & 4th in Solar Power capacity (as per REN21 Renewables 2022 Global Status Report). A total of 14.21 GW of Renewable Energy (RE) capacity was added, during the period Jan to Oct.