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Daily News Wrap-Up: India’s Solar Capacity Additions Drop by 44% in 2023

NHPC’s 1.5 GW renewables auction

February 23, 2024

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Solar installations in India dropped 44.1% in the calendar year 2023, with a capacity of 7.5 GW added against 13.4 GW in 2022, according to Mercom India’s Q4 & Annual 2023 India Solar Market Update. Large-scale solar installations saw a year-over-year drop of 50.8%, accounting for 5.8 GW from 11.7 GW in 2022. Large-scale solar installations constituted 77.2% of the total annual capacity additions, while rooftop solar made up the remaining 22.8%.

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