Mumbai, India
Image: Vyacheslav Argenberg, Wikimedia Commons
India installed 12.8 GW of new solar capacity in the first half of 2024, up 228.3% from the first six months of 2023, according to Mercom India’s ‘India Solar Market Leaderboard 1H 2024’ report.
Large-scale solar projects made up 91.4% (11.7 GW) of installations, including 3.7 GW from open access/off-site commercial and industrial solar. The solar installations on roofs totaled more than 1.1 GW.
As of June 2024, India’s cumulative solar capacity was approximately 85.5 GW, with 126.1 GW of large-scale projects (including open access) under development and 103.8 GW of tenders awaiting auction.
Adani Green Energy led the development of utility-scale solar with the highest capacity additions and the largest cumulative capacity as of June 2024. ReNew and O2 Power ranked second and third in terms of new capacity added.
The top 10 developers collectively contributed 76.8% of utility-scale additions and controlled 44.5% of the project development pipeline as of June 2024.
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