Daily News Wrap-Up: Adani, ReNew, and ACME Lead Utility-Scale Solar Development in 2024
India must increase research and development funding and policy push for battery storage
May 20, 2025
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Adani Green Energy, ReNew, ACME Solar, NTPC Renewable Energy, and O2 Power emerged as the top utility-scale solar project developers in India for 2024, according to Mercom’s India Solar Market Leaderboard 2025. Together, these companies accounted for nearly 52% of the market share, reflecting a year of aggressive capacity additions and project commissioning. India’s utility-scale solar market saw a record-breaking year, with 22 GW of capacity additions, up nearly 235% compared to 6.6 GW in 2023.