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Jeet B Bhayani (SEBI RA)

10th Aug 2025 · SEBI-Registered Analyst

India has officially overtaken Japan to become the third-largest solar energy producer globally. Data from the International Renewable Energy Agency (IRENA) indicates that India produced 1,08,494 GWh of solar energy, surpassing Japan's 96,459 GWh. This accomplishment was revealed by Union Minister of New and Renewable Energy, Mr. Pralhad Joshi. This achievement underscores India's commitment to clean energy, reinforced by its ambitious goal of reaching 500 GW of non-fossil fuel electricity capacity by 2030. IRENA is an international organization focused on energy transformation, providing a platform for worldwide collaboration and assisting countries with their energy transitions. The organization provides information and insights on technology, policy, innovation, and investment. He attributed the nation's achievements to the "forward-thinking leadership" of Prime Minister Mr. Narendra Modi, asserting that India is "at the forefront of the global clean energy revolution." This progress is important as India is employing a diverse approach to reach its ambitious goal for 2030. The nation's advancement to a top rank in solar energy generation showcases its dedication to clean energy objectives. The rise in solar energy production is a vital part of India's diverse strategy to achieve its goal of 500 GW of electricity capacity from non-fossil fuel sources in the coming years. The information referenced by him was sourced from IRENA, which is an essential resource for nations managing their energy transitions. The agency offers crucial evaluation on multiple facets of the energy industry, covering technology, finance, and policy. The minister’s remarks on the social media site X reinforced the announcement of India’s updated ranking.

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