India Surpasses Japan to Claim Third Spot in Global Solar Power Generation Race

Tags: Reports

According to Ember, India surpassed Japan in 2023 to become the world's third-largest solar power generator. This significant achievement reflects India's rapid growth in renewable energy.

An Overview of the News

• The Global Electricity Review 2024 provided a comprehensive analysis of global power generation systems in 2023.

• It included data from 80 countries, covering 92% of global electricity demand.

Record Solar Power Share:

• Solar power's contribution to global electricity production reached a record 5.5% in 2023.

• India experienced the fourth-largest increase in solar generation globally, with a rise of 18 TWh.

Leading Countries in Solar Growth:

• China, the United States, Brazil, and India accounted for 75% of the overall solar power growth in 2023.

• India's remarkable growth trajectory propelled it into the top ranks of solar power generation.

India's Solar Capacity Expansion:

• India has significantly expanded its solar generation capacity since 2015.

• Its share of solar power surged from 0.5% in 2015 to 5.8% in 2023.

Global Solar Power Acceleration:

• Solar power generation globally increased sixfold between 2015 and 2023.

• India experienced a seventeen-fold increase in solar generation capacity during the same period.

Future Projections:

• The International Energy Agency (IEA) predicts that solar power will constitute 22% of global electricity generation by 2030.

• Achieving this goal requires substantial efforts, including tripling global renewable capacity by 2030, as set at COP28.

India's Renewable Capacity Goals:

• India aims to triple its renewable capacity by 2030, aligning with global targets.

• However, Ember's analysis emphasizes the need for significant annual capacity additions to meet this ambitious target.