According to the International Energy Agency, solar energy is the third largest renewable electricity technology behind hydropower and wind. In 2022 alone Solar PV generation has shown a steady growth of about 26% from the previous year, the largest absolute generation growth of all renewable technologies in 2022. This growth rate is found to be comparable to the levels envisaged between 2023-2030 towards a Net Zero carbon emissions by 2050 globally. Solar energy is receiving paramount policy support around the globe specially in countries such as China, United States, European Union and India. Emerging global and bilateral collaborations are accelerating technological advancements in the field.