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Daily News Wrap-Up: Solar’s Share in India’s Power Capacity Rose to 18.5% YoY in Q1

Adani Green, UPC, and Tata Power were top utility-scale solar developers in 2023

May 14, 2024

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Solar power accounted for 18.5% of India’s total installed power capacity and 42.9% of the installed renewable capacity in the first quarter (Q1) of the calendar year 2024, up from 15.2% and 37.4% year-on-year, respectively. India’s installed renewable energy capacity, including large hydro projects, stood at 190.6 GW, accounting for a 43.1% share of the overall power capacity mix at the end of Q1 2024, according to data from the Central Electricity Authority, Ministry of New and Renewable Energy, and Mercom’s India Solar Project Tracker.

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