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

06 Feb 2025 CW Team

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

Infrastructure Urban

13 Aug 2025

GRM Overseas Reports Q1 FY26 Results; Strengthens Global & Domestic Presence

GRM Overseas has announced its unaudited financial results for the quarter ended 30 June 2025. The company reported a positive performance in terms of margins and profitability, despite topline pressures from global geopolitical challenges.Atul Garg, Managing Director, said:"We have maintained healthy margins and profitability while navigating short-term headwinds. Our focus remains on expanding our product portfolio, enhancing brand visibility, and deepening our distribution network. Internationally, we continue to hold a strong position in the Basmati rice export market, particularly in the ..

Infrastructure Urban

13 Aug 2025

Zuari Industries Posts Q1 FY26 Revenue Growth; PAT Turns Positive

Zuari Industries has announced its audited financial results for the quarter ended 30 June 2025.On a standalone basis, the company reported Revenue from Operations of Rs 2.10 billion and Operating EBITDA of Rs 220.4 million. Standalone Profit Before Tax (PBT), before exceptional items, stood at Rs 90 million.On a consolidated basis, Revenue rose 10.5 per cent year-on-year to Rs 2.67 billion, while Profit After Tax (PAT) stood at Rs 50 million compared to a loss of Rs 330.6 million in Q1 FY25.Segment HighlightsSugar, Power & Ethanol: Operations were impacted by an early mill closure due to ..

Infrastructure Urban

13 Aug 2025

Karnataka Bank Reports Q1 FY26 Net Profit of Rs 2.92 Bn

Karnataka Bank has announced a net profit of Rs 2.92 billion for the first quarter of FY26, compared to Rs 4 billion in Q1 FY25. The results were approved at the Board of Directors meeting held on 13 August 2025 at the Bank’s headquarters in Mangaluru.Asset Quality & Capital AdequacyGross NPA: 3.46 per cent, improved from 3.54 per cent in Q1 FY25.Net NPA: 1.44 per cent, down from 1.66 per cent in Q1 FY25.Capital Adequacy Ratio (CAR): 20.46 per cent, up from 17.64 per cent in Q1 FY25.Announcing the results, Raghavendra S Bhat, Managing Director & CEO, said:"The Bank has registered a m..

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

GRM Overseas Reports Q1 FY26 Results; Strengthens Global & Domestic Presence

Zuari Industries Posts Q1 FY26 Revenue Growth; PAT Turns Positive

Karnataka Bank Reports Q1 FY26 Net Profit of Rs 2.92 Bn

Latest Updates

Recommended for you

Advertisement

Subscribe to Our Newsletter

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Modal Heading

First Name *

Last Name *

Industry *

Email Address *

Mobile Number *

Password *

Confirm Password *

Subscribe to our Newsletter

Email Address *

Password *

Please enter the details

Email Address

15th RAHSTA EXPO 2025

Modal Heading

First Name *

Last Name *

Industry *

Email Address *

Mobile Number *

Password *

Confirm Password *

Subscribe to our Newsletter

Email Address *

Password *

Please enter the details

Email Address