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Renewables are likely to be the largest source of global electricity generation by early 2025, surpassing coal, the International Energy Agency said. In India, new renewable energy installations are set to double by 2027, led by solar energy and driven by competitive auctions implemented to achieve Centre’s target of 500 GW of non-fossil energy capacity by 2030. The Ministry of Power and New & Renewable Energy has a domestic goal of installing 500 GW of renewable energy capacity by 2030. India also has a long-term goal of reaching net-zero emissions by 2070. Solar PV manufacturing investment in India and the United States is expected to reach almost $ 25 billion over 2022-2027, a sevenfold increase compared to 2017-22, IEA projected.