India Overtakes Japan as World’s Third‑Largest Solar Energy Producer

In a major milestone for clean energy, India has surpassed Japan to become the world’s third‑largest solar energy producer, trailing only China and the United States. This achievement marks India’s rapid rise in solar capacity and underscores the growing strength of solar power companies in India. Record Growth and Clean Energy Momentum Driven by supportive policy, declining solar panel costs, and abundant sunshine, India added a remarkable 24 GW of solar capacity in 2024, second only to China and the US. As a result, solar’s role in national electricity generation is stronger than ever before. The share of wind and solar together reached 10% in 2024, helping India overtake Germany and Japan in clean energy generation, according to Ember. This surge is the outcome of ambitious government goals—such as the National Solar Mission—and schemes like PM KUSUM, which promotes solar pumps for farmers, feed-in tariffs, and large-scale solar auctions across states. Leading Solar Power Companies ...