Meanwhile, the International Hydropower Association recently released its 2020 Hydropower Status Report, which notes that India overtook Japan as the fifth largest hydropower generator in the world with an installed capacity of 50.07 GW. The IHA's report also showed that globally, hydropower generated 4,306 TW of power in 2019, the highest contribution from any renewable energy source recorded in history. The report also noted that the largest hydro project commissioned in 2019 was the 720 MW Mangdechu Project in Bhutan, funded by the Indian government to power the country's market and to export any surplus power to India.