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Major Events that Impacted the Indian Solar Sector in 2024

India’s cumulative installed solar capacity stood at 89.1 GW as of September 2024

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India added 16.4 GW of solar capacity in the first nine months (9M) of 2024, a 167% year-over-year (YoY) increase from 6.2 GW in 9M 2023, according to Mercom India Research’s Q3 2024 India Solar Market Update. These installations surpassed all previous nine-month and annual records, driven by the commissioning of several delayed projects.

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