India added 16.4 GW of solar capacity in the first nine months of 2024, a 167% year-over-year increase from 6.2 GW in 9M 2023, according to Mercom India Research’s Q3 2024 India Solar Market Update. These installations surpassed all previous nine-month and annual records, driven by the commissioning of several delayed projects.

AM Green Energy, Serentica Renewables, Amplus Solar, Fourth Partner Energy, and Brookfield Renewable Partners were the top solar open access developers in the first half (1H) of the calendar year 2024,  according to Mercom’s recently released India Solar Market Leaderboard 1H 2024. In 1H 2024, India added 3.6 GW of solar open access capacity, a 153% increase from the 1.4 GW installed in 1H 2023, according to Mercom’s Q2 2024 India Solar Open Access Market Report.

Jinko Solar, LONGi Green Energy Technology, Waaree Energies, GCL Systems Integration New Energy, and Trina Solar were the top solar module suppliers in 1H 2024, according to Mercom’s India Solar Market Leaderboard 1H 2024. Jinko Solar led the module shipments in the first half of the year, followed by LONGi Green Energy Technology and Waaree Energies. GCL Systems Integration New Energy and Trina Solar made up the top five.

Sungrow India, TBEA Energy India, FIMER India, Sineng Electric, and Ginlong (Solis) Technologies were the leading solar inverter suppliers in India in the first half of 2024, according to Mercom’s recently released India Solar Market Leaderboard 1H 2024 report. The report provides insights into the industry leaders’ market share and shipment rankings across the Indian solar supply chain. It captures notable shifts in market share rankings, with two new players making it to the top five list.

The Ministry of Environment, Forests, and Climate Change has exempted solar module manufacturing units, solar power projects, wind power projects, and mini hydel power projects less than 25 MW from obtaining both Environmental Clearance and Consent to Establish (CTE). Under the notification, projects with an EC will no longer need to obtain a CTE or Consent to Operate, reducing the compliance burden and eliminating duplication of approvals. A standard operating procedure has been issued to integrate the CTE considerations into the EC process.

Tata Power Solar, Roofsol Energy, Havells India, Kalpa Power, and Mahindra Solarize were the top rooftop solar installers in India during the first half of the calendar year 2024, according to Mercom’s recently released India Solar Market Leaderboard 1H 2024. The report provides details on the market share and competitive landscape of leading players in India’s solar supply chain. According to the Q2 2024 Mercom India Rooftop Solar Market Report, India added 1.1 GW of rooftop solar capacity in 1H 2024.

In the third quarter (Q3) of the calendar year 2024, solar power generation in India was approximately 32 billion units (BU), up 17.9% year-over-year. The country’s solar energy generation and capacity additions have steadily increased over the years. In the first half of the calendar year 2024, solar projects totaling 14.9 GW were added in India, an increase of over 282% compared to 1H 2023, according to Mercom’s Q2 2024 India Solar Market Update report. The installations topped all previous half-yearly and annual installations.

The latest Mercom India Solar Market Leaderboard for 1H 2024 showcases the leading companies dominating the solar sector in the first half of the calendar year 2024. The report covers market share rankings and provides a comprehensive view of the competitive landscape across the Indian solar supply chain in the first half of CY 2024. A few established companies have solidified and expanded their positions, driven by a renewed emphasis on domestic manufacturing following the reimposition of the Approved List of Models and Manufacturers order.

India’s installed power capacity was 450.7 GW as of September 2024. Renewable energy accounted for 44.3% of the country’s power capacity mix, with 199.5 GW installed at the end of Q3 2024, according to data from the Central Electricity Authority , Ministry of New and Renewable Energy, and Mercom’s India Solar Project Tracker. In the third quarter of the calendar year 2024, solar energy accounted for 19.6% of the country’s total installed power capacity and 44.3% of the installed renewable capacity.

Tata Power Solar, Jakson Green, Ashoka Buildcon, Gensol Engineering, and InSolare Energy emerged as the top utility-scale solar engineering, procurement, and construction service providers in the first half of the calendar year 2024, according to Mercom’s recently released India Solar Market Leaderboard 1H 2024. Tata Power Solar was the top EPC player with a market share of 32.7%, followed by Jakson Green and Ashoka Buildcon, with 32.1% and 6.5%, respectively.

Adani Green Energy, ReNew, O2 Power, ACME Solar, and NTPC Renewable Energy emerged as the top utility-scale solar project developers in the first half of the calendar year 2024, according to Mercom’s newly released India Solar Market Leaderboard 1H 2024. The report covers market shares and rankings across the Indian solar supply chain and provides the most accurate and comprehensive coverage of India’s solar industry leaders.

The Ministry of New and Renewable Energy has mandated that all domestic solar cell and module manufacturers file all data on the Domestic Content Requirement (DCR) portal from January 1, 2024. From December 1, 2024, any solar module whose DCR credentials cannot be verified through the DCR verification portal will not be accepted under MNRE’s CPSU Program Phase-II, PM Surya Ghar: Muft Bijli Yojana and PM KUSUM. The National Institute of Solar Energy operates the portal.

The Central Electricity Authority has approved the Uniform Protection Protocol to ensure grid stability, reliability, and security and safely integrate 450 GW of renewable energy by 2030 and 2,100 GW by 2047. The National Power Committee, in consultation with the Regional Power Committee, prepared the Uniform Protection Protocol. The Uniform Protection Protocol will apply to all regional entities, state/central/private generating companies/ generating stations, state load despatch centers, regional load despatch centers, Central Transmission Utility of India, state transmission utilities, transmission licensees, and regional power committees, connected at 220 kV.

The Ministry of New and Renewable Energy has updated the Approved List of Models and Manufacturers for solar photovoltaic modules, with the addition of a combined capacity of 2,271 MW by four manufacturers. The cumulative module manufacturing capacity under ALMM now stands at 62,765 MW. Bluebird Solar, Novasys Greenergy, ReNew Photovoltaics, and Saatvik Green Energy are the companies that added capacities. Bluebird Solar contributed 6 MW, Novasys 181 MW, ReNew 910 MW, and Saatvik 1,174 MW to the added capacity. HR Solar Solution, Emmvee Photovoltaic Power, SAEL Solar, and Vikram Solar, with an applied capacity of 4,001 MW/year, were added to the provisional ALMM list.

Residential rooftop solar installations under the PM Surya Ghar: Muft Bijli Yojana have touched 616,019 as of November 21, 2024, according to data provided by Minister of State for New and Renewable Energy Shripad Yesso Naik in the Lok Sabha. The program, approved on February 29, 2024, program aims to install rooftop solar systems in 10 million households by the end of the financial year 2026-27. Implemented through the National Portal (https://www.pmsuryaghar.gov.in), the program enables residential consumers to register, apply, and select vendors for their rooftop solar systems.