Facts for Prelims (FFP)
Source: BS
Context: India surged past Japan to become the world’s third-largest solar power generator in 2023, driven by rapid solar energy deployment. China and the USA are two major producers ahead of India in 2023. In terms of installed solar power capacity, India ranks fifth in the world while Japan is in third place (83 GW)
As per the Global Electricity Review (GER) 2024 report by Ember, renewables contributed 30% of global electricity for the first time, with solar leading electricity growth in 2023.
India witnessed the world’s fourth-largest surge in solar generation, providing 5.9% of global growth. Despite challenges such as drought affecting hydropower and a rise in coal generation, India aims to decarbonize its power sector by reducing carbon intensity, achieving 50% renewable energy by 2030, and net-zero emissions by 2070, targeting 500 GW of renewable energy capacity by 2030.
