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

09 Oct 2024 CW Team

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.

Real Estate

07 Aug 2026

BXB Estates Sets AED 110 Million Jumeirah Golf Estates Record

BXB Estates has completed an AED 110 million residential transaction at Jumeirah Golf Estates, setting a new sales record for the prestigious Dubai residential community.Negotiated by Alfie Tabrez, Managing Partner of BXB Estates, the deal surpassed the previous record of AED 58 million for a completed ready villa in the development.The six-bedroom residence offers 21,714 sq ft of built-up space on a 15,873-sq-ft plot. It features nine bathrooms, four living lounges, a home office, bar lounge, private cinema and rooftop terrace.The property also includes a dedicated wellness area comprising a ..

SECR Floats Rs 6,019 Mn EPC Tender For Paradol Nagpur Link

South East Central Railway (SECR) has invited bids for an Engineering, Procurement and Construction (EPC) contract to build a new broad gauge single line between Paradol Takeoff Point and Nagpur Road Station in Chhattisgarh. The contract carries an estimated cost of Rs 6,019.0 mn and requires an earnest money deposit of Rs 120.4 mn. The work is framed as an EPC assignment intended to strengthen regional rail infrastructure. The tender, issued under number CAO-C-BSP-26-27-15, specifies a completion period of 730 days and a bid validity of 180 days. Two pre-bid meetings are scheduled for 24 Augu..

Indian Railways Reports Nine Per Cent Rise In July Freight Loading

Indian Railways handled 141.3 million tonnes (141.3 mn t) of freight in July, marking a rise of nine per cent year on year. Freight loading maintained a positive trajectory across the network compared with the same month last year. Passenger traffic also increased in July, contributing to higher overall network utilisation. The July outcome continued a pattern of steady monthly gains, reflecting gradual improvement in industrial and logistics activity. The growth in freight volumes reflected stronger demand across multiple sectors and improvements in logistics and train turnarounds. Enhanced r..