+
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
Real Estate

MoHUA Sanctions 1.47 Lakh Additional Houses Under PMAY-U 2.0

In a major push towards the Government’s Housing for All mission, the Ministry of Housing and Urban Affairs (MoHUA) has approved 1,46,582 additional pucca houses under Pradhan Mantri Awas Yojana – Urban 2.0 (PMAY-U 2.0) for 14 States/UTs, bringing total sanctions under the revamped scheme to 8.56 lakh.The decision came during the fourth meeting of the Central Sanctioning and Monitoring Committee (CSMC), chaired by Srinivas Katikithala, Secretary, MoHUA, at the Ministry’s Kasturba Gandhi Marg office. Senior officials, State Principal Secretaries, and PMAY-U Mission Directors participated ..

Next Story
Real Estate

Piyush Goyal Inaugurates Expanded ISA Building at Intellectual Property Office

Union Minister of Commerce and Industry, Piyush Goyal, today inaugurated the newly expanded International Searching Authority (ISA) building at the Intellectual Property Office (IPO) in Dwarka, New Delhi, marking a major step forward in India’s intellectual property ecosystem.Addressing the gathering, Goyal highlighted that innovation has been central to India’s heritage for centuries, citing the engineering brilliance of the Konark Temple as a historic example. He emphasised that innovation is not just intellectual property but a symbol of sovereignty, and a key driver in India’s journe..

Next Story
Real Estate

SIEGER Boosts Automation in Mumbai Realty

SIEGER, a leading automation solutions provider, is expanding its advanced manufacturing capabilities to meet the surging demand for precision, high-speed automation in Mumbai’s rapidly growing real estate sector.Operating from a 21,000 m² advanced production hub in Coimbatore—part of a 40,000 m² integrated campus—SIEGER offers complete solutions from design and prototyping to manufacturing and deployment. The fully digitalised facility features CNC machining, QR-coded component tracking, conveyorized powder coating, and a Government of India–certified R&D centre, ensuring unmatc..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?