India surpassed Japan to become the third-largest generator of solar electricity globally in 2023 as a result of its rapid deployment. Following the global trend of solar energy growth, 5.8% of India’s electricity came from solar energy in 2023, up from 0.5% in 2015.
According to Ember’s report, solar power has outpaced coal as the fastest-growing electricity source globally for the 19th year. In terms of the increase in solar generation worldwide in 2023, India ranked fourth. 75% of this growth came from the top four nations, which are Brazil, the US, China, and the US.
Globally, solar generation in 2023 will be over six times larger than in 2015. According to the International Energy Agency, solar energy is expected to generate 22% of the world’s electricity by 2030.
India needs to move faster towards greener energy sources because the country generates roughly half of its yearly carbon emissions from the production of electricity. As part of its climate change policy, India wants to see 50% of its electricity capacity come from non-fossil fuel sources by 2030.
Leaders from around the world met at COP28 to commit to tripling the world’s renewable energy capacity by 2030, which is essential to keeping global warming to 1.5 degrees Celsius.
