Month In a Minute: Top Headlines from the Indian Renewable Sector in May 2025
New players shake up Indian solar market in 2024
June 3, 2025
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India added 6.7 GW of solar capacity in the first quarter of 2025, according to Mercom India’s latest Q1 2025 India Solar Market Update Report. The numbers reflect a 25% YoY decline compared to the 9 GW added in Q1 2024. Solar installations were also down 14% from the nearly 7.8 GW added in Q4 2024. Of the total capacity added, 5.5 GW came from large-scale solar projects, with open access installations contributing nearly 19.8% of the new capacity. However, large-scale solar installations dropped 15% quarter-over-quarter and 36% YoY.