Daily News Wrap-Up: India Adds 10 GW of Solar Capacity in Q1 2024
Gujarat awards 479 MW of solar projects under the PM KUSUM program
May 24, 2024
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India achieved a milestone by adding over 10 GW of solar capacity in the first quarter (Q1) of 2024, the highest quarterly installation to date. This figure represents an almost 400% year-over-year increase compared to the over 2 GW installed in Q1 2023, according to the recent Q1 2024 India Solar Market Update from Mercom India Research. Quarter-over-quarter capacity additions also surged 414% from nearly 2 GW in Q4 2023. In Q1 2024, India installed 9.7 GW of large-scale solar capacity, which included 1.8 GW from open access solar projects.