+
India adds 11.3 GW solar capacity in 1H 2024; solar imports up 338%
POWER & RENEWABLE ENERGY

India adds 11.3 GW solar capacity in 1H 2024; solar imports up 338%

India witnessed significant growth in its solar module and cell manufacturing sectors during the first half of 2024, driven by increasing demand and upcoming solar projects. The *State of Solar PV Manufacturing in India 1H 2024* report stated that the country added 11.3 GW of solar module manufacturing capacity and 2 GW of solar cell capacity during this period. It also highlighted that India’s solar project pipeline for 2024-2026 stood at 132.7 GW, largely supported by the reimplementation of the Approved List of Models and Manufacturers (ALMM) in April 2024.

By June 2024, the nation’s cumulative solar module manufacturing capacity had reached 77.2 GW, while solar cell capacity stood at 7.6 GW. Of the module capacity, 51 GW had received ALMM certification. The market was largely controlled by the top 10 manufacturers, who contributed 58% of the total module production and 100% of the cell production.

The report also indicated that over 57% of the installed module manufacturing capacity was designed to produce modules using M10 and G12 wafer sizes. Monocrystalline Passivated Emitter and Rear Cell (mono PERC) technology dominated the production, followed by Tunnel Oxide Passivated Contact (TOPCon), polycrystalline, and thin-film modules.

Looking ahead, India’s solar module manufacturing capacity is projected to soar to 172 GW, and solar cell capacity is expected to reach nearly 80 GW by 2026. However, Raj Prabhu, CEO of Mercom Capital Group, cautioned that despite the capacity expansions, the slower growth of solar cell production could lead to supply constraints, potentially delaying projects and keeping prices high.

India witnessed significant growth in its solar module and cell manufacturing sectors during the first half of 2024, driven by increasing demand and upcoming solar projects. The *State of Solar PV Manufacturing in India 1H 2024* report stated that the country added 11.3 GW of solar module manufacturing capacity and 2 GW of solar cell capacity during this period. It also highlighted that India’s solar project pipeline for 2024-2026 stood at 132.7 GW, largely supported by the reimplementation of the Approved List of Models and Manufacturers (ALMM) in April 2024. By June 2024, the nation’s cumulative solar module manufacturing capacity had reached 77.2 GW, while solar cell capacity stood at 7.6 GW. Of the module capacity, 51 GW had received ALMM certification. The market was largely controlled by the top 10 manufacturers, who contributed 58% of the total module production and 100% of the cell production. The report also indicated that over 57% of the installed module manufacturing capacity was designed to produce modules using M10 and G12 wafer sizes. Monocrystalline Passivated Emitter and Rear Cell (mono PERC) technology dominated the production, followed by Tunnel Oxide Passivated Contact (TOPCon), polycrystalline, and thin-film modules. Looking ahead, India’s solar module manufacturing capacity is projected to soar to 172 GW, and solar cell capacity is expected to reach nearly 80 GW by 2026. However, Raj Prabhu, CEO of Mercom Capital Group, cautioned that despite the capacity expansions, the slower growth of solar cell production could lead to supply constraints, potentially delaying projects and keeping prices high.

Next Story
Infrastructure Urban

IAF Concludes Capstone Seminar of WASP Programme

The Indian Air Force (IAF) has concluded the Capstone Seminar of the fourth edition of the Warfare and Aerospace Strategy Programme (WASP). Conceived to cultivate strategic thinking among future leaders, WASP prepares officers to make informed operational decisions by understanding the broader politico-military context and long-term outcomes.This edition included 12 officers – 10 from the IAF and two from the Indian Navy – who undertook intensive training combining military theory with political, technological, and behavioural analysis.The six-month course featured analytical reading, writ..

Next Story
Infrastructure Urban

Vedanta Aluminium Expands Alloy Capacity in Jharsuguda

Vedanta Aluminium, India’s largest aluminium producer, has announced a significant expansion at its Special Economic Zone facility in Jharsuguda. The company has increased the installed capacity of its Primary Foundry Alloy (PFA) unit by 120 kilo tonnes per annum. This move reinforces India’s standing as a global supplier of advanced aluminium products for automotive and engineering industries. Vedanta Aluminium was the first Indian company to produce and supply PFAs domestically.PFAs are essential for manufacturing automotive parts such as alloy wheels, engine blocks, cylinder heads, and ..

Next Story
Infrastructure Urban

Zoomlion Deepens Local Ties Through Community Outreach

Zoomlion Heavy Industry Science & Technology Co., Ltd. has reinforced its commitment to localisation with a meaningful community initiative that goes beyond business operations. Zoomlion Philippines recently organised a volunteer visit to the Rehoboth Sampaloc Orphanage in Tanay, Rizal, where employees delivered supplies and spent quality time with 27 children. The initiative highlights the company’s broader mission to grow with communities, support its workforce, and build enduring trust.Led by General Manager Xu Jian, the team provided infant formula, diapers, food packs, toys, and oth..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?