India Booked the 3rd Place in Global Solar Energy Production
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What is the News? – India Become the Third Largest Solar Energy Producer Globally
India has emerged as the third-largest producer of solar power globally, outpacing Japan in 2023, according to a report by energy analytics agency Ember. Despite ranking fifth in installed power capacity, India’s solar production stood at 113 billion units (BU), exceeding Japan’s 110 BU.
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However, there exists a disparity between installed capacity and actual production due to fluctuations in demand and local factors. While solar energy constitutes 18% of India’s installed electricity, it only contributes 6.66% to actual production, as per NITI Ayog data.
India’s rise was facilitated by a 2% decline in Japan’s power demand in 2023, enabling India to close the gap. Surpassing the United States, the second-ranked producer, would necessitate India doubling its solar output to exceed 228 BU.
Globally, renewables, including solar and wind, accounted for 30% of electricity production in 2023, with China leading the charge. Ember anticipates a continued decline in fossil fuel generation, signaling a transformative shift towards renewable sources.
Source – The Hindu
20 Key Points about the news
- India surpassed Japan in 2023 to become the third-largest solar power producer globally.
- Ember’s report highlights India’s solar production at 113 billion units, exceeding Japan’s 110 billion units.
- Despite ranking fifth in installed power capacity, India’s solar output surged, reflecting favorable local conditions.
- The gap between installed capacity and actual production is attributed to demand fluctuations and local factors.
- NITI Ayog data reveals that solar energy comprises 18% of India’s installed electricity but only 6.66% of actual production.
- Japan’s 2% decline in power demand in 2023 facilitated India’s rise in solar power production.
- India’s goal to surpass the United States necessitates doubling its current solar output to exceed 228 billion units.
- Globally, renewables, including solar and wind, contributed 30% to electricity production in 2023.
- China emerged as the primary contributor to global renewable energy generation.
- Ember forecasts a continued decline in fossil fuel generation, signaling a shift towards renewables.
- The report indicates a transformative shift in global energy trends, with solar energy accelerating rapidly.
- India’s solar power growth aligns with global efforts to mitigate climate change and transition to cleaner energy sources.
- The surge in solar power production underscores India’s commitment to meeting its renewable energy targets.
- Renewable energy sources are increasingly becoming economically viable and competitive with traditional fossil fuels.
- India’s rise in solar power production reflects technological advancements and supportive government policies.
- Increased investment in renewable energy infrastructure is crucial to sustaining the momentum of solar power growth.
- Collaboration between governments, industry stakeholders, and international organizations is essential for advancing renewable energy goals.
- Renewable energy adoption contributes to energy security, environmental sustainability, and economic development.
- Addressing challenges such as grid integration and storage solutions is vital for maximizing the potential of solar energy.
- The shift towards renewables signifies a significant milestone in the global energy transition towards a sustainable future.
