Daily News Analysis » May 2024 » India is now third largest producer of solar power : 9 May 2024

India is now third largest producer of solar power : 9 May 2024

Why in news?

According to a report by international energy analytics agency, Ember,  In 2023, India overtook Japan to become the world’s third-highest producer of solar power. 

Key points:

 

Solar Power in India

  • In 2023, India produced 113 billion units (BU) of solar power.
  • As of May 2024, solar power accounted for 18% of India’s total installed electricity (442 GW).
  • Solar power made up only 6.66% of the power actually produced.

Installed Power Capacity

  • India ranks fifth globally in terms of installed power capacity, with 73 gigawatts (GW).

Global Solar Power Production

  • Renewable sources of energy accounted for 30% of global electricity production.
  • China is the leading producer of solar power in the world.
  • In 2024, China generated 584 BU of solar power, which is more than the combined production of the United States, Japan, Germany, and India.
  • China accounted for 51% of the additional global solar generation and 60% of new global wind generation.



About Ember:

    • 2008: Launched
    • It is an independent global energy think tank that uses data and policy to accelerate the clean energy transition.
  • HQ: London