India’s Rooftop Solar Installations Surge by 86% in 2024
POWER & RENEWABLE ENERGY

India’s Rooftop Solar Installations Surge by 86% in 2024

India added 3.2 GW of rooftop solar capacity in 2024, marking an 86% increase from the previous year, according to Mercom India Research’s latest Q4 & Annual 2024 India Rooftop Solar Market Report. The surge was largely fueled by the PM Surya Ghar: Muft Bijli Yojana, with the residential sector accounting for 74% of the total installations.

In the wind power sector, NLC India and Adyant Enersol (Datta Infra) secured bids in SJVN’s auction for 600 MW of inter-state transmission system-connected wind projects. NLC India won 200 MW at a tariff of Rs 3.74/kWh, while Adyant Enersol secured 112 MW at Rs 3.81/kWh. Despite the auction target of 600 MW, only 312 MW was awarded.

Meanwhile, Power Grid Corporation of India (POWERGRID) received letters of intent for three transmission projects worth Rs 107.5 billion (~$1.2 billion) under tariff-based competitive bidding. The projects include transmission systems for renewable energy zones in Rajasthan and Andhra Pradesh and capacity augmentation in Gujarat.

The Lakshadweep Electricity Department has invited bids for 2,107 kW of rooftop solar systems with battery storage, with submissions due by April 10, 2025. The scope includes a five-year warranty and long-term maintenance.

In Bihar, the State Power Generation Company issued tenders for a 125 MW/500 MWh standalone battery energy storage system (BESS) with viability gap funding support. Bidders must submit proposals by March 23, 2025.

On the clean energy front, the Indian government launched five pilot projects under the National Green Hydrogen Mission, deploying 37 hydrogen-powered buses and trucks along with nine hydrogen refueling stations.

In the power sector, distribution companies (DISCOMs) owed power generators Rs 645.77 billion (~$7.4 billion) in February 2025, up from Rs 615.95 billion in January, according to the Ministry of Power’s PRAAPTI portal.

The Indian Energy Exchange (IEX) recorded a significant 85% year-over-year increase in green energy trading, with 552 million units (MU) traded in February 2025. The Green Day-Ahead Market accounted for 519 MU, marking a 95% YoY increase.

In global energy developments, Array Technologies, a U.S.-based solar tracker manufacturer, reported $275.2 million in revenue for Q4 2024, down 19.4% YoY, citing average selling price compression despite sales volume growth.

India’s renewable energy sector continues to expand rapidly, driven by government initiatives, competitive auctions, and increased investor interest in clean energy projects.

India added 3.2 GW of rooftop solar capacity in 2024, marking an 86% increase from the previous year, according to Mercom India Research’s latest Q4 & Annual 2024 India Rooftop Solar Market Report. The surge was largely fueled by the PM Surya Ghar: Muft Bijli Yojana, with the residential sector accounting for 74% of the total installations. In the wind power sector, NLC India and Adyant Enersol (Datta Infra) secured bids in SJVN’s auction for 600 MW of inter-state transmission system-connected wind projects. NLC India won 200 MW at a tariff of Rs 3.74/kWh, while Adyant Enersol secured 112 MW at Rs 3.81/kWh. Despite the auction target of 600 MW, only 312 MW was awarded. Meanwhile, Power Grid Corporation of India (POWERGRID) received letters of intent for three transmission projects worth Rs 107.5 billion (~$1.2 billion) under tariff-based competitive bidding. The projects include transmission systems for renewable energy zones in Rajasthan and Andhra Pradesh and capacity augmentation in Gujarat. The Lakshadweep Electricity Department has invited bids for 2,107 kW of rooftop solar systems with battery storage, with submissions due by April 10, 2025. The scope includes a five-year warranty and long-term maintenance. In Bihar, the State Power Generation Company issued tenders for a 125 MW/500 MWh standalone battery energy storage system (BESS) with viability gap funding support. Bidders must submit proposals by March 23, 2025. On the clean energy front, the Indian government launched five pilot projects under the National Green Hydrogen Mission, deploying 37 hydrogen-powered buses and trucks along with nine hydrogen refueling stations. In the power sector, distribution companies (DISCOMs) owed power generators Rs 645.77 billion (~$7.4 billion) in February 2025, up from Rs 615.95 billion in January, according to the Ministry of Power’s PRAAPTI portal. The Indian Energy Exchange (IEX) recorded a significant 85% year-over-year increase in green energy trading, with 552 million units (MU) traded in February 2025. The Green Day-Ahead Market accounted for 519 MU, marking a 95% YoY increase. In global energy developments, Array Technologies, a U.S.-based solar tracker manufacturer, reported $275.2 million in revenue for Q4 2024, down 19.4% YoY, citing average selling price compression despite sales volume growth. India’s renewable energy sector continues to expand rapidly, driven by government initiatives, competitive auctions, and increased investor interest in clean energy projects.

Next Story
Equipment

Schwing Stetter India Unveils New Innovations at Excon 2025

Schwing Stetter India unveiled more than 20 new machines at Excon 2025, marking one of its most significant showcases and introducing several India-first technologies to the construction equipment sector. The company launched the country’s first 56-metre boom pump designed and manufactured in India, the first fully electric truck mixer, the first CNG mixer variant and the first hybrid boom pump. Executives said the launch portfolio was engineered to support India’s move toward faster, greener and more vertically oriented infrastructure through advanced engineering, clean-energy solutions a..

Next Story
Infrastructure Energy

SEPC Resolves Hindustan Copper Dispute, Wins Rs 725 Mn Order

Engineering, procurement and construction firm SEPC Ltd has recently settled a dispute with Hindustan Copper Ltd (HCL) and secured a mining infrastructure order valued at Rs 725 million from the state-owned company. SEPC informed the stock exchanges that it has executed a settlement deed with HCL, bringing closure to all inter-se claims and counterclaims arising from arbitration proceedings. As part of the settlement, SEPC will receive Rs 304.5 million as full and final payment, marking the resolution of all pending disputes between the two entities. The company also stated that Hindustan Co..

Next Story
Infrastructure Energy

20% Ethanol Blending Cuts India’s CO2 Emissions by 73.6 Mn Tonnes

Union Road Transport and Highways Minister Nitin Gadkari recently said that India has reduced carbon dioxide emissions by 73.6 million metric tonnes due to the adoption of 20 per cent ethanol blending in petrol. He made the statement while replying to supplementary questions during the Question Hour in the Lok Sabha. Describing ethanol as a green fuel, the minister said it plays a key role in reducing pollution while also supporting higher incomes for farmers. He underlined that ethanol blending contributes both to environmental sustainability and rural economic growth. Nitin Gadkari also po..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Open In App