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
Resources

Skyview by Empyrean is Making Benchmarks in the Indian Ropeway Industry

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Next Story
Technology

Creativity is for Humans, Productivity is for Robots!

On most construction sites, the rhythm of progress is measured by the clang of steel, the hum of machinery and the sweat of thousands. But increasingly, new sounds are entering the mix: the quiet efficiency of algorithms, the hum of drones overhead, and the precision of robotic arms at work. Behind the concrete and cables, an invisible force is taking hold: data. It is turning blueprints into living simulations, managing fleets of machines, and helping engineers make decisions before a single brick is laid. This is not the construction of tomorrow; it is the architecture of today – built on ..

Next Story
Infrastructure Urban

Bhartiya Urban Unveils ‘Bhartiya Converge’ GCC Enablement Platform

Bhartiya Urban has launched Bhartiya Converge, its latest business venture designed to become India’s premier platform for enabling Global Capability Centres (GCCs). The initiative offers an integrated ecosystem aimed at helping global clients gain a competitive edge in today’s rapidly evolving business environment. Focused on enhancing turnaround time and operational efficiencies, the company seeks to deliver better business outcomes powered by top-tier talent. Bhartiya Converge presents a customised and integrated suite of microservices that addresses the nuanced and evolving operational..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?