+
India’s Solar Power Generation Rises 18% in 2024 on Capacity Growth
POWER & RENEWABLE ENERGY

India’s Solar Power Generation Rises 18% in 2024 on Capacity Growth

India's solar power generation increased by nearly 18 per cent year-over-year (YoY), reaching 133.8 billion units (BU) in 2024, up from 113.4 BU in 2023, as reported by the Central Electricity Authority (CEA). The country saw significant growth in solar capacity during the first nine months (9M) of 2024, adding 16.4 GW, a 167 per cent rise compared to 6.2 GW in the same period the previous year. This surge in capacity was driven by the commissioning of several projects that had previously been delayed, thanks to a decline in module prices. As a result, the 9M 2024 capacity additions exceeded both the first nine months and the annual capacity additions of previous years, contributing to the increase in solar generation.

In the fourth quarter (Q4) of 2024, solar power generation reached 34.2 BU, marking a 28.4 per cent Y-o-Y growth from 26.6 BU. The northern region led in solar generation, contributing 13.8 BU, or 40.3 per cent, followed by the southern region with 10.9 BU (32 per cent) and the western region with 9.04 BU (26.4 per cent). The eastern and northeastern regions contributed much smaller amounts at 362.5 BU and 85.9 BU, respectively.

Rajasthan continued to be India's top solar power producer, generating 11.8 BU, with Gujarat and Karnataka following at 4.7 BU and 3.7 BU, respectively. Solar generation in these states increased by 3.7 per cent, 20 per cent, and 11.1 per cent, respectively. By the end of Q3 2024, Rajasthan had the highest installed solar capacity in India, with 21.7 GW, representing 24.4 per cent of the country's total solar capacity. Gujarat and Karnataka followed with 14.8 GW and 10.5 GW, respectively.

India's total solar installed capacity grew by 10.5 per cent quarter-over-quarter (Q-o-Q) and 57.2% Y-o-Y by December 2024. Solar photovoltaic projects now represent 21.2% of India's total installed power capacity.

News source: Mercom India

India's solar power generation increased by nearly 18 per cent year-over-year (YoY), reaching 133.8 billion units (BU) in 2024, up from 113.4 BU in 2023, as reported by the Central Electricity Authority (CEA). The country saw significant growth in solar capacity during the first nine months (9M) of 2024, adding 16.4 GW, a 167 per cent rise compared to 6.2 GW in the same period the previous year. This surge in capacity was driven by the commissioning of several projects that had previously been delayed, thanks to a decline in module prices. As a result, the 9M 2024 capacity additions exceeded both the first nine months and the annual capacity additions of previous years, contributing to the increase in solar generation. In the fourth quarter (Q4) of 2024, solar power generation reached 34.2 BU, marking a 28.4 per cent Y-o-Y growth from 26.6 BU. The northern region led in solar generation, contributing 13.8 BU, or 40.3 per cent, followed by the southern region with 10.9 BU (32 per cent) and the western region with 9.04 BU (26.4 per cent). The eastern and northeastern regions contributed much smaller amounts at 362.5 BU and 85.9 BU, respectively. Rajasthan continued to be India's top solar power producer, generating 11.8 BU, with Gujarat and Karnataka following at 4.7 BU and 3.7 BU, respectively. Solar generation in these states increased by 3.7 per cent, 20 per cent, and 11.1 per cent, respectively. By the end of Q3 2024, Rajasthan had the highest installed solar capacity in India, with 21.7 GW, representing 24.4 per cent of the country's total solar capacity. Gujarat and Karnataka followed with 14.8 GW and 10.5 GW, respectively. India's total solar installed capacity grew by 10.5 per cent quarter-over-quarter (Q-o-Q) and 57.2% Y-o-Y by December 2024. Solar photovoltaic projects now represent 21.2% of India's total installed power capacity. News source: Mercom India

Related Stories

Gold Stories

Next Story
Infrastructure Urban

KONE Opens India's First Digital Experience Centre in Pune

KONE, a global elevator and escalator manufacturer, has inaugurated its first Digital Experience Centre (DEC) in India, located in Pune. The facility aims to showcase how artificial intelligence (AI), connectivity and data-driven technologies can enhance customer experiences and improve building operations.The centre was inaugurated by Jussi Herlin, Executive Vice Chair, KONE Corporation; Philippe Delorme, President and CEO, KONE; and Nandan Nilekani, Co-founder and Chairman of the Board, Infosys.Designed as an interactive customer environment, the facility demonstrates digital solutions cover..

Next Story
Infrastructure Urban

CII GreenCo Launches Circularity Guidelines for Indian Industry

The Confederation of Indian Industry (CII) GreenCo Council has launched the CII GreenCo Circularity Guidelines – Pilot Version at the 17th CII GreenCo Waste & Resource Management Summit 2026 in Chennai. The initiative aims to strengthen resource efficiency, waste reduction and circular economy practices across Indian manufacturing and process industries.The guidelines introduce a structured framework with circularity indices covering raw materials, consumables, packaging and other resource inputs. These indicators will help industries assess existing practices, identify opportunities to ..

Next Story
Infrastructure Energy

Global Electronics Association Launches IPC-1783-CO2E Standard

The Global Electronics Association has introduced IPC-1783-CO2E, a new international standard aimed at improving consistency, transparency and comparability in product carbon footprint reporting across the electronics manufacturing industry.The standard, titled International Standard for Data Collection and Reporting of CO2 Equivalent (CO2e) Emissions for the Electronics Manufacturing Supply Chain, provides industry-specific guidance for collecting, estimating and reporting carbon emissions data.With increasing regulatory requirements and customer expectations, electronics manufacturers face c..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code