India overtook Japan to become world’s 3rd largest solar power generator in 2023
Rapid solar energy deployment in India pushed the country past Japan to become the world’s third-largest solar power generator in 2023, according to a new report.
The report by global energy think tank Ember said India ranked ninth in solar energy deployment in 2015.
Solar produced a record 5.5 per cent of global electricity in 2023. In line with the global trend, India generated 5.8 per cent of its electricity from solar last year, as reported in Ember’s “Global Electricity Review”.
Ember’s Asia Programme director Aditya Lolla said, “Increasing clean electricity is not just for reducing carbon emissions in the power sector. It is also needed to meet the rising electricity demand in an increasingly-electrified economy and to decouple economic growth from emissions, which is crucial for tackling climate change.” Solar maintained its status as the world’s fastest-growing electricity source for the 19th consecutive year, adding more than twice as much new electricity worldwide as coal in 2023.
India saw the world’s fourth-largest increase in solar generation in 2023 (+18 terawatt hour or TWh), behind China (+156 TWh), the United States (+33 TWh) and Brazil (+22 TWh). Together, the top four solar growth countries accounted for 75 per cent of growth in 2023. Ember said the global solar generation in 2023 was more than six times larger than in 2015.
#business #businessnews #india #explore #solarenergy #businessnewsindia #technology