New Delhi: The 3rd edition of the World Solar Report series was released at the 7th Assembly of the International Solar Alliance focusing on global solar growth, investment trends, technological advancements, and Africa's green hydrogen potential.

The newly launched four reports namely World Solar Market Report, World Investment Report, World Technology Report, and Green Hydrogen Readiness Assessment for African Countries each highlight a crucial area in the global shift towards sustainable energy.

Read in Hindi: जमकर हो रहा है सौर ऊर्जा में निवेश, साल 2030 तक बदल जाएगी तस्वीर

The President of the ISA Assembly and Minister for New and Renewable Energy, Pralhad Joshi, released the World Solar Report series. First introduced in 2022, this report series provides a concise and comprehensive overview of global progress in solar technology, key challenges, and investment trends in the sector.

The latest edition emphasizes the vital role of solar energy in advancing sustainable energy solutions worldwide, offering stakeholders valuable insights into the industry's rapid evolution.

The World Solar Market Report reveals exceptional solar growth, with global capacity soaring from 1.22 GW in 2000 to 1,418.97 GW in 2023. Manufacturing is set to exceed demand, making solar more affordable. Solar jobs have surged to 7.1 million, and global capacity may reach 7,203 GW by 2030.

The latest World Investment Report highlights a global shift toward sustainable energy, with energy investments rising from $2.4 trillion in 2018 to $3.1 trillion by 2024. Solar leads renewable energy investments, accounting for 59 per cent of the total, driven by lower costs, with APAC emerging as the top investing region.

The World Technology Report showcases advancements in solar technology, emphasising efficiency, sustainability, and affordability breakthroughs. Highlights include record-setting 24.9 per cent efficiency in solar PV modules, an 88 per cent reduction in silicon usage since 2004, and a 90 per cent drop in utility-scale solar PV costs, fostering resilient, cost-effective energy solutions.

Readiness Assessment of Green Hydrogen African Countries highlights green hydrogen's potential to decarbonise industries heavily reliant on fossil fuels, such as steel and fertilizer production. Produced via renewable-powered electrolysis, green hydrogen offers a viable alternative to coal, oil, and gas, supporting Africa’s transition to cleaner energy.