India is ranked as the third-largest solar power generator.
POWER & RENEWABLE ENERGY

India is ranked as the third-largest solar power generator.

As per global energy think tank Ember, India became the world's third-largest solar power generator, surpassing Japan and improving from ninth place in 2023, driven by significant growth in solar generation. The report also shows the world's fastest-growing electricity source for the nineteenth consecutive year is solar. The report, highlighting 80 countries representing 92% of global electricity demand, found that solar produced a record 5.5% of global electricity in 2023. In line with this trend, India will generate 5.8% of its electricity from solar in 2023. The port has been published by The Global Electricity Review. Aditya Lolla, Ember's Asia Programme Director, stated that a renewables-powered future was now becoming a reality. He further mentioned that solar power, specifically, was experiencing remarkable growth. Lolla concluded that the increase in clean electricity was not only aimed at reducing carbon emissions in the power sector but also necessary to meet the growing electricity demand in an increasingly electrified economy. He emphasised the importance of decoupling economic growth from emissions to effectively address climate change. In India, solar power generation increased by 17 times between 2015 and 2023, whereas globally, it increased by more than six times. India's percentage of power generated by solar energy grew from 0.5% in 2015 to 5.8% in 2023. For the nineteenth year in a row, solar energy remained the fastest-growing electricity source in the world in 2023. In terms of solar generation, India increased by 18 terawatt hours (TWh) in 2023, ranking fourth globally, after China (+156 TWh), the US (+33 TWh), and Brazil (+22 TWh). 75% of the increase in 2023 came from the top four solar-growing countries combined. The Ember study indicates that India will not be able to reach this capacity objective without a major increase in yearly capacity expansions. The decarbonisation of power pathways indicates that solar energy will be essential to the energy system of the future. The IEA's net zero emissions scenario predicts that by 2030, solar energy will account for 22% of the world's power production. The possibility of setting the world on this path lies in the 2030 target set at COP28 to triple global renewable capacity. India is one of the few countries planning to triple its renewable capacity by 2030.

The 14th RAHSTA Expo, part of the India Construction Festival, will be held on October 9 and 10, 2024, at the Jio Convention Centre in Mumbai. For more details, visit: https://rahstaexpo.com

As per global energy think tank Ember, India became the world's third-largest solar power generator, surpassing Japan and improving from ninth place in 2023, driven by significant growth in solar generation. The report also shows the world's fastest-growing electricity source for the nineteenth consecutive year is solar. The report, highlighting 80 countries representing 92% of global electricity demand, found that solar produced a record 5.5% of global electricity in 2023. In line with this trend, India will generate 5.8% of its electricity from solar in 2023. The port has been published by The Global Electricity Review. Aditya Lolla, Ember's Asia Programme Director, stated that a renewables-powered future was now becoming a reality. He further mentioned that solar power, specifically, was experiencing remarkable growth. Lolla concluded that the increase in clean electricity was not only aimed at reducing carbon emissions in the power sector but also necessary to meet the growing electricity demand in an increasingly electrified economy. He emphasised the importance of decoupling economic growth from emissions to effectively address climate change. In India, solar power generation increased by 17 times between 2015 and 2023, whereas globally, it increased by more than six times. India's percentage of power generated by solar energy grew from 0.5% in 2015 to 5.8% in 2023. For the nineteenth year in a row, solar energy remained the fastest-growing electricity source in the world in 2023. In terms of solar generation, India increased by 18 terawatt hours (TWh) in 2023, ranking fourth globally, after China (+156 TWh), the US (+33 TWh), and Brazil (+22 TWh). 75% of the increase in 2023 came from the top four solar-growing countries combined. The Ember study indicates that India will not be able to reach this capacity objective without a major increase in yearly capacity expansions. The decarbonisation of power pathways indicates that solar energy will be essential to the energy system of the future. The IEA's net zero emissions scenario predicts that by 2030, solar energy will account for 22% of the world's power production. The possibility of setting the world on this path lies in the 2030 target set at COP28 to triple global renewable capacity. India is one of the few countries planning to triple its renewable capacity by 2030.

Next Story
Infrastructure Urban

India, US to promote sustainable aviation fuel and hydrogen in buses

India and the United States have agreed to promote sustainable aviation fuel (SAF), electrification of medium and heavy-duty vehicles, and the use of hydrogen in buses, tractors, and heavy equipment. This decision came during the Strategic Clean Energy Partnership (SCEP) dialogue between US Energy Secretary Jennifer Granholm and Indian Minister of Petroleum and Natural Gas Hardeep Singh Puri in Washington, DC. Both nations also encouraged increased investments in each other's clean energy markets. The joint statement emphasised the importance of a "just, orderly, and sustainable energy trans..

Next Story
Infrastructure Transport

Tuticorin Airport upgradation set for December completion

Tuticorin Airport in Tamil Nadu is undergoing a significant upgrade, with an expected completion date in December 2024. The project, valued at Rs 3.81billion, is being carried out by the Airports Authority of India (AAI) and involves the extension of the runway to accommodate A-321 type aircraft, construction of a new apron, a new terminal building, a technical block with a control tower, and a new fire station. The new terminal building, covering 17,500 square meters, will significantly enhance the airport's capacity, enabling it to serve 1,440 passengers during peak hours and handle up to 2 ..

Next Story
Infrastructure Transport

Airfare hike not tied to increased airport charges; ACI

The Airports Council International (ACI) stated that rising airfares are not linked to increased airport charges. Airport charges are crucial for infrastructure development within the commercial aviation ecosystem, but they remain a minimal part of the overall airfare. Stefano Baronci, Director General of ACI Asia Pacific & Middle East, emphasized that airports are infrastructure-intensive businesses, with costs dominated by maintaining essential infrastructure such as runways, taxiways, aprons, and terminal buildings. He noted that neglecting the capital expenditure needed to support future g..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000