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A decrease in Japan's power demand allowed India to overtake it in solar power production. • According to Ember’s Reprt In 2023, India surpassed Japan to become the world's third-largest producer of solar power, generating 113 billion units (BU) compared to Japan's 110 BU. • Despite ranking fifth in total installed power capacity with 73 gigawatts (GW), India trails Japan, which holds the third position globally with 83 GW. • The share of solar power in India's energy mix is increasing, yet a significant gap exists between installed capacity and actual power output, with solar making up 18% of the total installed capacity but only 6.66% of the electricity produced. • Power demand in Japan decreased by 2% in 2023, aiding India's ascent in solar power rankings, though it is uncertain if this trend will continue. • The global leader in solar production is China, with 584 BU in 2024, significantly outpacing other countries. • Renewable energy sources contributed to 30% of the global electricity in 2023, with China leading the increase in solar and wind generation. • Ember's report suggests that fossil fuel generation may have peaked in 2023, with expectations of a decline in 2024 and beyond, indicating a significant shift towards renewable energy sources.
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