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

06 Mar 2025 CW Team

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.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

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.

Real Estate

07 Jul 2026

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..