India is set to add an impressive 22.4 GW of new solar PV capacity in 2024, as per JMK Research. By September, the country had already achieved a 161% YoY increase in utility-scale solar, reaching 13.2 GW, alongside 3.2 GW in rooftop installations. By year-end, cumulative additions are projected to hit 17 GW (utility-scale), 4 GW (rooftop), and 1.4 GW (off-grid), propelling India’s total renewable capacity beyond 200 GW, with solar leading at 45%. States like Rajasthan and Gujarat are spearheading these advancements. India’s solar #manufacturing is also witnessing a transformation, with companies like Adani Solar, Waaree Group, and Vikram Solar ramping up module exports and domestic supply. Notably, domestic manufacturers captured 66% of the market in Q3 2024. This growth underscores India’s ambition to become a global leader in renewable energy, driving sustainability while reducing reliance on imports. #solarenergy #renewableenergy #india #sustainability #greentech #energyefficiency #solarindustry #solarpv #solarpanels
