India Overtakes Japan To Become World’s Third Largest Solar Power Generator: Report

India Overtakes Japan To Become World’s Third Largest Solar Power Generator: Report

Daily Current Affairs   /   India Overtakes Japan To Become World’s Third Largest Solar Power Generator: Report

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Category : Miscellaneous Published on: May 11 2024

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  • India has overtaken Japan to become the world’s third-largest solar power generator in 2023, according to a report by the global energy think tank, Ember.
  • The Global Electricity Review 2024, released on 8th May 2024, offers a detailed analysis of power generation systems worldwide in 2023. 
  • It was published alongside the world’s first open dataset on electricity generation in 2023, covering 80 countries representing 92% of global electricity demand.
  • The report shows that solar power’s share in global electricity production surged to a record 5.5 percent in 2023.
  • The International Energy Agency (IEA) forecasts that solar power will constitute 22 percent of global electricity generation by 2030.
  • The report suggests that the goal set at COP28 to triple global renewables capacity by 2030 holds the potential to steer the world toward this trajectory.
  • India is one of the few countries aiming to triple renewable capacity by 2030.
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