India become world's 3rd largest Solar Power Generator

India has emerged as the world's third-largest solar power generator in 2023, surpassing Japan, according to Global Electricity Review 2024 report. Solar energy's contribution to global electricity hit a record 5.5%, with India's solar generation reaching 5.8% of its total electricity production.

Key Highlights of the Report:

• India's Solar Power Ranking: India overtakes Japan to become the third-largest solar power generator globally, with solar energy contributing significantly to its electricity generation.
• Global Renewable Energy Usage: Renewable energy, including wind and solar, now accounts for over 30% of global electricity, with clean energy sources, including nuclear power, comprising nearly 40% of total global electricity generation.
• Carbon Intensity Reduction: The surge in renewable energy has led to a 12% decrease in the carbon intensity of global electricity since 2007.
• Solar Energy Growth: Despite challenges like reduced hydropower production due to drought conditions, solar energy remains the fastest-growing electricity source globally for the 19th consecutive year. Solar added double the new electricity capacity compared to coal in 2023.
• India's Solar Generation Increase: India's solar generation increased by 18 terawatt-hours (TWh) in 2023, positioning it fourth globally behind China, the United States, and Brazil. These four nations contributed 75% of the global increase in solar generation.
• Global Solar Generation Growth: Global solar generation in 2023 was over six times higher than in 2015.