Symbolic picture.
– Photo: ANI
Expansion
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India is set to become the third largest solar energy producing country in the world by 2023, overtaking Japan. This has been said in a report by Amber, a research institute working in the global energy sector. India ranked ninth in terms of use of solar energy in 2015. India has been laying a lot of emphasis on the use of solar energy for the last few years and this success is the result of this.
Amber has said in the report titled ‘Global Electricity Review’ that in the year 2023, 5.5 percent of the global electricity production will come in the form of solar energy. In line with the global trend, India achieved 5.8 percent of its total electricity generation from solar energy last year. Significant growth in wind and solar power has brought the share of renewable energy in the global electricity mix to more than 30 percent and absolute clean generation (including nuclear) to nearly 40 percent. As a result, the carbon intensity of the world’s electricity reached a new record low, 12 percent less than its peak in 2007. The report said renewable energy production growth could have been even higher in 2023 but hydropower production fell to a five-year low amid drought in China and other parts of the world. India is the cheapest solar energy producing country in the world while the most expensive solar energy producing country is Canada.
Production is increasing rapidly in India
The increase in solar energy production in India by 2023 was the fourth largest increase in the world. India lagged behind China, America and Brazil in this matter. The share of these four countries in solar energy growth will be 75 percent in 2023. India added 18 terawatt hours to its capacity, followed by China (+156 terawatt hour or TWh), United States (+33 TWh), Brazil (+22 TWh). The report said that global solar production in 2023 was six times more than in 2015, while in India it was more than 11 percent. The contribution of solar energy in electricity generation in India was 0.5 percent in 2015, which increased to 5.8 percent in 2023.