India is ranked as the third-largest solar power generator.
POWER & RENEWABLE ENERGY

India is ranked as the third-largest solar power generator.

As per global energy think tank Ember, India became the world's third-largest solar power generator, surpassing Japan and improving from ninth place in 2023, driven by significant growth in solar generation. The report also shows the world's fastest-growing electricity source for the nineteenth consecutive year is solar. The report, highlighting 80 countries representing 92% of global electricity demand, found that solar produced a record 5.5% of global electricity in 2023. In line with this trend, India will generate 5.8% of its electricity from solar in 2023. The port has been published by The Global Electricity Review. Aditya Lolla, Ember's Asia Programme Director, stated that a renewables-powered future was now becoming a reality. He further mentioned that solar power, specifically, was experiencing remarkable growth. Lolla concluded that the increase in clean electricity was not only aimed at reducing carbon emissions in the power sector but also necessary to meet the growing electricity demand in an increasingly electrified economy. He emphasised the importance of decoupling economic growth from emissions to effectively address climate change. In India, solar power generation increased by 17 times between 2015 and 2023, whereas globally, it increased by more than six times. India's percentage of power generated by solar energy grew from 0.5% in 2015 to 5.8% in 2023. For the nineteenth year in a row, solar energy remained the fastest-growing electricity source in the world in 2023. In terms of solar generation, India increased by 18 terawatt hours (TWh) in 2023, ranking fourth globally, after China (+156 TWh), the US (+33 TWh), and Brazil (+22 TWh). 75% of the increase in 2023 came from the top four solar-growing countries combined. The Ember study indicates that India will not be able to reach this capacity objective without a major increase in yearly capacity expansions. The decarbonisation of power pathways indicates that solar energy will be essential to the energy system of the future. The IEA's net zero emissions scenario predicts that by 2030, solar energy will account for 22% of the world's power production. The possibility of setting the world on this path lies in the 2030 target set at COP28 to triple global renewable capacity. India is one of the few countries planning to triple its renewable capacity by 2030.

As per global energy think tank Ember, India became the world's third-largest solar power generator, surpassing Japan and improving from ninth place in 2023, driven by significant growth in solar generation. The report also shows the world's fastest-growing electricity source for the nineteenth consecutive year is solar. The report, highlighting 80 countries representing 92% of global electricity demand, found that solar produced a record 5.5% of global electricity in 2023. In line with this trend, India will generate 5.8% of its electricity from solar in 2023. The port has been published by The Global Electricity Review. Aditya Lolla, Ember's Asia Programme Director, stated that a renewables-powered future was now becoming a reality. He further mentioned that solar power, specifically, was experiencing remarkable growth. Lolla concluded that the increase in clean electricity was not only aimed at reducing carbon emissions in the power sector but also necessary to meet the growing electricity demand in an increasingly electrified economy. He emphasised the importance of decoupling economic growth from emissions to effectively address climate change. In India, solar power generation increased by 17 times between 2015 and 2023, whereas globally, it increased by more than six times. India's percentage of power generated by solar energy grew from 0.5% in 2015 to 5.8% in 2023. For the nineteenth year in a row, solar energy remained the fastest-growing electricity source in the world in 2023. In terms of solar generation, India increased by 18 terawatt hours (TWh) in 2023, ranking fourth globally, after China (+156 TWh), the US (+33 TWh), and Brazil (+22 TWh). 75% of the increase in 2023 came from the top four solar-growing countries combined. The Ember study indicates that India will not be able to reach this capacity objective without a major increase in yearly capacity expansions. The decarbonisation of power pathways indicates that solar energy will be essential to the energy system of the future. The IEA's net zero emissions scenario predicts that by 2030, solar energy will account for 22% of the world's power production. The possibility of setting the world on this path lies in the 2030 target set at COP28 to triple global renewable capacity. India is one of the few countries planning to triple its renewable capacity by 2030.

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