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					</table><p>India generated around 104.83 billion units (BU) of solar power in the calendar year (CY) 2023, a 10.17% increase from 95.15 BU generated in 2022, according to the recent data published by the Central Electricity Authority (<a href="https://mercomindia.com/product/india-solar-project-tracker/" target="_blank" rel="noopener">CEA</a>).</p>
<p>Solar generation has grown steadily since 2019. Consistent solar capacity additions throughout 2023 have supported the increase in generation during the year.</p>
<p><img loading="lazy" decoding="async" class="aligncenter wp-image-63173 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/02/Picture1-2.png" alt="" width="3420" height="2465" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/02/Picture1-2.png 3420w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/02/Picture1-2-300x216.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/02/Picture1-2-2000x1442.png 2000w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/02/Picture1-2-768x554.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/02/Picture1-2-1536x1107.png 1536w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/02/Picture1-2-2048x1476.png 2048w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/02/Picture1-2-650x468.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/02/Picture1-2-624x450.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/02/Picture1-2-600x432.png 600w" sizes="(max-width: 3420px) 100vw, 3420px" /></p>
<p>Solar power generation during the fourth quarter (Q4) of 2023 was 18.06 BU, a fall of 27.5% year-over-year (YoY) from 24.91 BU.</p>
<p>The generation was down by 33% quarter-over-quarter (QoQ) from 26.97 BU.</p>
<p>The northern region generated the highest amount of solar power during the quarter, with 10.4 BU, accounting for 38.9%, followed by the southern region with 9.93 BU and the western region with 5.9 BU, accounting for 37.3% and 22.3%, respectively.</p>
<p>The eastern and northeastern regions accounted for 1.1% and 0.3%, respectively.</p>
<p><img loading="lazy" decoding="async" class="aligncenter wp-image-63175 size-full" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/02/Picture2.png" alt="" width="3360" height="2020" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/02/Picture2.png 3360w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/02/Picture2-300x180.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/02/Picture2-2000x1202.png 2000w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/02/Picture2-768x462.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/02/Picture2-1536x923.png 1536w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/02/Picture2-2048x1231.png 2048w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/02/Picture2-650x391.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/02/Picture2-624x375.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/02/Picture2-600x361.png 600w" sizes="(max-width: 3360px) 100vw, 3360px" /></p>
<p>Rajasthan continues to be the highest solar power generating state with 8.6 BU, followed by Karnataka and Tamil Nadu with 3.6 BU and 3.3 BU, respectively.</p>
<p>Solar generation in Rajasthan fell by 9.6% QoQ, but in Karnataka and Tamil Nadu, it was up by 4.9% and 6.3%, respectively.</p>
<p>Rajasthan was the top state for utility-scale solar projects, with a cumulative installed capacity of ~16.7 GW at the end of Q3 2023. The state is home to about 28.2% of the country&#8217;s installed solar power capacity. Rajasthan is also the first state in India to surpass 10 GW of cumulative large-scale solar installations. Karnataka had the country&#8217;s second-largest operational utility-scale solar project portfolio, with 9.3 GW as of September 2023, representing 15.8%, according to <a href="https://mercomindia.com/product/india-solar-project-tracker/" target="_blank" rel="noopener">Mercom India Research</a>.</p>
<p>India&#8217;s installed renewable energy capacity, including large hydro projects, stood at 178.9 GW, accounting for a 42.3% share of the overall power capacity mix at the end of 2023, according to data from the Central Electricity Authority (<a href="https://mercomindia.com/product/india-solar-project-tracker/" target="_blank" rel="noopener">CEA</a>), Ministry of New and Renewable Energy (<a href="https://mercomindia.com/product/india-solar-project-tracker/" target="_blank" rel="noopener">MNRE</a>), and Mercom&#8217;s India Solar Project Tracker.</p>
<p>Solar power accounted for 16.8% of the total installed power capacity and 40.1% of the total installed renewable capacity, up from 39.3% in the previous quarter.</p>
<p>To accelerate solar capacity additions, MNRE <a href="https://www.mercomindia.com/government-bid-solar-wind-fy24" target="_blank" rel="noopener">issued</a> an agency-wise bidding calendar for 50 GW of renewable energy projects for the financial year 2023-24. Of this, 30 GW was to be bid in the first two quarters and 20 GW in the later quarters.</p>
<p>Mercom&#8217;s <a href="https://mercomindia.com/product/india-solar-project-tracker/" target="_blank" rel="noopener">India Solar Project Tracker</a> provides access to the most comprehensive database of large-scale solar projects covering commissioned and under-development projects.</p>


India’s Solar Power Generation Up 10% YoY in 2023 Despite Lower Capacity Additions

Author: Tarun Kothamasu

About Tarun Kothamasu

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