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In the first nine months (9M) of calendar year (CY) 2025, India added nearly 6.1 gigawatts (GW) of solar open access capacity, up over 13% from 5.4 GW in 9M 2024, according to the Q3 2025 Mercom India Solar Open Access Market report.
India added 2.2 GW of solar open access capacity in the third quarter (Q3) of 2025.
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://www.mercomindia.com/product-form/q3-2025-mercom-india-solar-open-access-market-report-executive-summary-form" rel="noopener noreferrer">Download Executive Summary</a></div>
Open access installations maintained year-over-year (YoY) growth driven by steady demand from commercial and industrial consumers, resulting in increased installations in 9M 2025.
Capacity additions in Q3 were, however, hampered by delays in grid connectivity approvals, restricted substation access, and limited transmission evacuation capacity in states with weaker grid infrastructure.
<img loading="lazy" decoding="async" class="aligncenter wp-image-61079" style="width: 70%;" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/12/Q3-OpenAccess.png" alt="SOLAR OPEN ACCESS MARKET REPORT " width="611" height="295" />
In Q3 2025, Karnataka led solar open access capacity additions, accounting for nearly 38% of installations. Rajasthan and Gujarat followed, accounting for approximately 25% and 11%, respectively.
As of September 2025, the cumulative installed solar open access capacity stood at 27.9 GW.
Karnataka remained the leading state in cumulative installations, accounting for nearly 25% of solar open access capacity. Maharashtra and Gujarat ranked second and third, with 17% and 12% of total installations, respectively, through the end of Q3 2025.
In Q2 2025, Adani Green Energy was the top seller in the Green Day-Ahead Market (G-DAM), accounting for approximately 44% of electricity sold.
Odisha was the leading procurer from G-DAM, contributing to 449.7 MU.
In the Green Term Ahead Market (G-TAM), electricity traded on the IEX totaled 92.7 million units (MU) in April, 73.9 MU in May, and 30.3 MU in June.
The cleared volume of Renewable Energy Certificates (RECs) traded on the Indian Energy Exchange (IEX) fell 16% QoQ.
The Q3 2025 Solar Open Access report provides a comprehensive analysis of the solar open access market, retail electricity tariffs, PPA prices, and open access charges and costs for fifteen states.
Key Highlights from Mercom&#8217;s Q3 2025 India Solar Open Access Market Report
<ul>
<li>In 9M 2025, India added 6.1 GW of solar open access capacity, up 13% YoY</li>
<li>In Q3 2025, 2.2 GW of solar open access was added, down 20% QoQ and up 108% YoY </li>
<li>Karnataka led capacity additions, accounting for nearly 38% of solar open access capacity added in Q3 2025</li>
<li>Rajasthan and Gujarat ranked second and third, contributing 25% and 11% respectively, of the quarter&#8217;s installations</li>
<li>As of September 2025, cumulative installed solar open access capacity was over 27.9 GW</li>
</ul>
Contact Mercom for pricing: <a href="mailto:reports@mercomindia.com" target="_blank" rel="noopener noreferrer">reports@mercomindia.com</a> or call us at +91-80-41211148.
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Q3 2025 MERCOM INDIA SOLAR OPEN ACCESS MARKET REPORT - 6.1 GW INSTALLED IN 9M 2025

India added a record 4.9 gigawatts (GW) of rooftop solar capacity in the first nine months (9M) of calendar year (CY) 2025. Installations rose nearly 161% compared to nearly 1.9 GW installed in 9M 2024, according to Mercom India&#8217;s newly released Q3 2025 India Rooftop Solar Market Report.
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://www.mercomindia.com/product-form/q3-2025-mercom-india-rooftop-solar-market-report-executive-summary-form" rel="noopener noreferrer">Download Executive Summary</a></div>
In the third quarter (Q3) of 2025, 2.1 GW of rooftop solar capacity was installed, marking the highest quarterly additions to date. This represents a 29% quarter-over-quarter (QoQ) increase from 1.6 GW in Q2 2025 and more than 164% year-over-year (YoY) growth from 791.1 MW in Q3 2024.
The PM Surya Ghar initiative remained the dominant contributor in Q3 and 9M 2025, making up 73% of rooftop solar installations in the quarter.
In Q3 2025, the industrial segment accounted for nearly 20% of the quarter&#8217;s installations. The commercial and government segments accounted for nearly 6% and more than 1% of capacity additions, respectively.
Rooftop solar capacity additions under the capital expenditure (CAPEX) model accounted for 84% of the quarter&#8217;s installations.
<img loading="lazy" decoding="async" class="aligncenter size-full wp-image-60862" style="width: 70%;" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/11/Q3-rooftop.png" alt="" width="969" height="449" />
Uttar Pradesh led the country&#8217;s rooftop solar capacity additions, accounting for 16% of the quarter&#8217;s installations. Maharashtra and Gujarat ranked second and third, respectively, accounting for more than 15% and 14% of capacity installed during the quarter. The top ten states accounted for more than 80% of total installations.
In 9M 2025, Gujarat led rooftop solar installations, accounting for more than 16% of the country&#8217;s rooftop solar additions. Maharashtra and Rajasthan followed, accounting for nearly 16% and 15%, respectively.
As of September 2025, India had a cumulative installed rooftop solar capacity of 18.6 GW.
Assam achieved the highest compounded quarterly growth rate of more than 35% between Q3 2024 and Q3 2025.
In Q3 2025, more than 1.5 GW of rooftop solar tenders were issued, a nearly 19% increase over the 1.3 GW released in the previous quarter and a 311% rise from the 366 MW announced in Q3 2024. During the same period, over 6 MW of rooftop solar were auctioned, an 87% decline from the 49 MW auctioned in Q2 2025 but a 200% increase year over year compared to the 2.1 MW auctioned in Q3 2024.
Key Highlights from the Q3 2025 Mercom India Rooftop Solar Market Report 
<ul>
<li>India added 4.9 GW of rooftop solar in 9M 2025, up 161% YoY</li>
<li>In Q3 2025, 2.1 GW of rooftop solar capacity was added, up by 29% QoQ and 164% YoY </li>
<li>Cumulative rooftop solar installations reached 18.6 GW as of September 2025</li>
<li>In Q3 2025, more than 1.5 GW of rooftop solar tenders were issued, up nearly 19% QoQ and above 311% YoY</li>
</ul>
During the quarter, more than 6 MW of rooftop solar were auctioned, down 87% QoQ and up 200% YoY
Contact Mercom for pricing: <a href="mailto:reports@mercomindia.com" target="_blank" rel="noopener noreferrer">reports@mercomindia.com</a> or call us at +91-080-41211148.
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MERCOM INDIA ROOFTOP SOLAR MARKET REPORT Q3 2025 – 4.9 GW INSTALLED IN 9M 2025

In the first nine months (9M) of the calendar year (CY) 2025, solar projects totaling 26.6 GW were added in India, an increase of 53.7% compared to 17.3 GW in 9M 2024, according to Q3 2025 India Solar Market Update Report by Mercom India Research.
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://www.mercomindia.com/product-form/q3-2025-india-solar-market-update-executive-summary-form/" rel="noopener noreferrer">Download Executive Summary</a></div>
India&#8217;s cumulative installed solar capacity stood at 125.5 GW as of September 2025.
Large-scale solar accounted for 81.5% of capacity commissioned in 9M 2025, while rooftop solar contributed 18.5%.
The compounding effect of project commissioning in Q3 2025, building on strong activity in the previous two quarters, was driven by accelerated execution ahead of the ISTS waiver deadline and the upcoming ALMM II compliance window. Together, these factors boosted commissioning activity in the first nine months of 2025.
In Q3 2025, 6.6 GW of large-scale solar capacity was commissioned. Installations dropped 32.3% quarter-over-quarter (QoQ) compared to 9.7 GW in Q2 2025. However, capacity additions rose by more than 141% YoY compared to 2.7 GW in Q3 2024.
Rajasthan, Maharashtra, and Gujarat led large-scale solar capacity additions in the quarter. Rajasthan contributed 38.2% to installations in Q3, while Maharashtra and Gujarat comprised 20.2% and 17.7% respectively, of the capacity commissioned during the quarter.
The top ten states accounted for 99.3% of the large-scale solar capacity additions in Q3 2025.
<img loading="lazy" decoding="async" class="aligncenter wp-image-83706" style="width: 70%;" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/11/Q3-2025-Solar-Market-Update_Stores-.png" alt="Solar Installations by Quarter" width="890" height="425" />
As of September 2025, India&#8217;s cumulative installed solar capacity stood at 125.5 GW. Large-scale projects accounted for 85.2%, and rooftop solar accounted for 14.8% of cumulative installations. Solar PV projects accounted for 25.1% of India&#8217;s total installed power capacity and 51% of the total installed renewable energy capacity.
Rajasthan, Gujarat, and Karnataka were the top three states for total installed large-scale solar capacity. Over 29.5% of the country&#8217;s large-scale solar capacity was installed in Rajasthan, 17.7% in Gujarat, and 13.1% in Karnataka.
India&#8217;s large-scale solar project pipeline stood at 191.9 GW, with another 162.5 GW of projects tendered and pending auction as of September 2025.
In Q3 2025, 16.5 GW of tenders were announced, down 17.8% YoY. Tender activity rose nearly 137.6% QoQ compared to 6.9 GW.
Auctions in Q3 2025 totaled 2.2 GW, down 66.8% YoY compared to 6.5 GW in Q3 2024, but up 21.4% QoQ compared to 1.8 GW in Q2 2025.
In 9M 2025, 37.5 GW of tenders were announced, a 48% decrease compared to 72 GW in 9M 2024.
Key Highlights from Mercom India Research&#8217;s Q3 2025 India Solar Market Update:
<ul>
<li>India added 6.6 GW of solar capacity in Q3 2025, down 32.3% QoQ but up 141% YoY</li>
<li>Rajasthan, Maharashtra, and Gujarat led quarterly large-scale solar capacity additions</li>
<li>Large-scale solar accounted for 81.5% of capacity commissioned in 9M 2025, while rooftop solar contributed 18.5%</li>
<li>India&#8217;s cumulative installed solar capacity stood at 125.5 GW as of September 2025</li>
<li>In Q3 2025, tender announcements rose 137.6% QoQ, but decreased 17.8% YoY </li>
<li>During the quarter, auction activity fell 66.8% YoY and was up 21.4% QoQ</li>
</ul>
Contact Mercom for pricing: <a href="mailto:reports@mercomindia.com">reports@mercomindia.com</a> or call us at +91-080-41211148 or +91-080-23560436.

Q3 2025 INDIA SOLAR MARKET UPDATE - 26.6 GW INSTALLED IN Q3 2025

India’s cumulative installed energy storage capacity reached 490 MWh by the end of June 2025, according to the newly released India’s Energy Storage Landscape 1H 2025 report by Mercom India Research.
In 1H 2025, 48.4 MWh of energy storage capacity was added in India, representing a 74% decline compared to 186 MWh added in the same period last year.
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://www.mercomindia.com/product-form/india-energy-storage-landscape-1h-2025-executive-summary-form" rel="noopener noreferrer">Download Executive Summary</a></div>
India also has an operational pumped storage capacity of 5 GW as of the time of the report&#8217;s publication.
Strong policy support, including Tranche II of viability gap funding and the CEA’s mandate to include co-located storage in all solar tenders with a minimum duration of two hours, equivalent to 10% of solar capacity, is helping accelerate the adoption of energy storage across the country.
<img loading="lazy" decoding="async" class="aligncenter wp-image-61079" style="width: 70%;" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/10/Screenshot-2025-10-07-113348.png" alt="India's Energy Storage Landscape" width="611" height="295" />
As of June 2025, Karnataka (33%), Chhattisgarh (24%), and Gujarat (16%) were the top three states in terms of cumulative installed energy storage capacity.
Solar-plus-storage systems accounted for nearly 56% of India&#8217;s cumulative installed capacity. This was followed by more than 32% from solar-plus-wind projects with round-the-clock capability, and over 12% from standalone battery energy storage systems. The remaining share came from floating solar with storage, and solar-plus-wind projects with storage capabilities.
As of June 2025, India had nearly 13.7 GWh of standalone battery storage, approximately 3.9 GWh of solar-plus-wind projects with storage capabilities, nearly 3.2 GWh of solar-plus-storage projects, over 1.4 GWh of solar-plus-wind projects with round-the-clock capabilities, and 415 MWh of renewable energy-plus-storage projects at various stages of development. Additionally, over 81 GW of pumped storage was in the development pipeline.
Gujarat had the largest pipeline of standalone battery storage capacity under development, followed by Maharashtra and Rajasthan.
Various government agencies issued energy storage tenders totaling over 16 GW in 1H 2025 and auctioned more than 9 GW of projects, with or without associated renewable energy capacity. Solar-plus-storage tenders saw significant momentum, recording nearly 381% year-over-year increase over tenders issued in 1H 2024.
Key Highlights from the Mercom India Research&#8217;s India&#8217;s Energy Storage Landscape 1H 2025 Report 
<ul>
<li>India&#8217;s cumulative energy storage capacity reached 490 MWh as of June 2025</li>
<li>India added over 48 MWh of energy storage capacity in 1H 2025</li>
<li>Solar-plus-storage systems accounted for approximately 56% of the cumulative installed energy storage capacity as of June 2025</li>
<li>Karnataka led cumulative installed energy storage capacity, contributing over 33% of the total</li>
<li>India had 5 GW of operational pumped storage capacity, with over 81 GW in various stages of development.</li>
<li>In 1H 2025, more than 16 GW of energy storage projects were tendered, and over 9 GW were auctioned.</li>
</ul>
Contact Mercom for pricing: <a href="mailto:reports@mercomindia.com" target="_blank" rel="noopener noreferrer">reports@mercomindia.com</a> or call us at +91-80-41211148.
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INDIA’S ENERGY STORAGE LANDSCAPE 1H 2025 REPORT – 490 MWh ENERGY STORAGE CAPACITY REACHED IN 1H 2025

In the first half (1H) of 2025, 44.2 gigawatts (GW) of solar modules and 7.5 GW of solar cell manufacturing capacity were added in India, according to the recently released research report, State of Solar PV Manufacturing in India 1H 2025, by Mercom India.
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://www.mercomindia.com/product-form/1h-2025-state-solar-manufacturing-india-executive-summary-form" rel="noopener noreferrer">Download Executive Summary</a></div>
Manufacturing capacity additions in 1H 2025 were primarily driven by the 186 GW large-scale solar project pipeline scheduled between 2025 and 2027, the 2030 solar installation targets, and strong policy-driven domestic demand for ALMM modules.
As of the release of this report, the cumulative capacity of modules under the ALMM List-I stood at 109.5 GW, and the cumulative cell capacity of ALMM List-II stood at nearly 17.9 GW.
As of June 2025, 91.5 GW of module production capacity across various technologies had received ALMM certification. Of the cumulative installed cell production capacity, 13.1 GW was listed under ALMM List-II, as per the MNRE&#8217;s order issued on July 31, 2025. ALMM-certified capacities provide a more accurate reflection of supply, although wattage breakdowns are not disclosed in the ALMM list.
The top 10 manufacturers accounted for 49.9% of module and 99.2% of cell capacity.
TOPCon led module manufacturing capacity additions in 1H 2025, accounting for over 90%, followed by monocrystalline modules with almost 7%. For the first time, HJT module capacity was added in the country, contributing nearly 3%. No additions were made to integrated solar wafer/ingot or polysilicon capacity during the first half of the year.
As of June 2025, monocrystalline technology accounted for 54.5% of total cell capacity, followed by TOPCon with 41.5% and polycrystalline with 4%.
<img loading="lazy" decoding="async" class="wp-image-48278 aligncenter" style="width: 40%;" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/09/Screenshot-2025-09-30-123345.png" alt="Solar Module Manufacturing Forecast" width="433" height="355" />
Indian manufacturers currently have nearly 182 GW of module and over 86 GW of cell capacity under construction, expected to be commissioned by 2027. In addition, 97 GW of module and about 85 GW of cell capacity have been announced, and are projected to come online by 2030 or earlier.
Gujarat stood out as the preferred destination for module manufacturing production, accounting for 41.6% of capacity as of June 2025. Rajasthan and Uttar Pradesh followed with module production capacities of 12.8 GW and 11.5 GW.
Gujarat also held the largest annual solar cell production capacity at 47.3%. Tamil Nadu and Karnataka were other top states, with capacities of 4.3 GW and 3.6 GW, respectively.
Various public sector and government entities issued tenders totaling 860 MW to procure solar modules in 1H 2025, down 88.7% YoY.
A total of 44.6 GW of solar modules and cells were imported in 1H 2025. Modules accounted for 34% of imports, while cells accounted for 66%.
Domestic manufacturers exported nearly 3 GW of modules and 83 MW of cells in 1H 2025, primarily to the United States.
Key Highlights from Mercom&#8217;s State of Solar PV Manufacturing in India 1H 2025 Report
<ul>
<li>India added 44.2 GW of solar module and 7.5 GW of cell capacity in 1H 2025  </li>
<li>The top three states for module manufacturing were Gujarat, Rajasthan, and Uttar Pradesh  </li>
<li>Gujarat, Tamil Nadu and Karnataka were the leading states for solar cell manufacturing </li>
<li>In 1H 2025, various public sector and government entities issued 860 MW of tenders to procure solar modules </li>
<li>India&#8217;s solar PV module and cell imports were up over 34% and 66%, respectively </li>
</ul>
&nbsp;
Contact Mercom for pricing: <a style="color: #ed8b23;" href="mailto:reports@mercomindia.com" target="_blank" rel="noopener noreferrer">reports@mercomindia.com</a> or call us at +91-80-41211148.
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State of Solar PV Manufacturing in India 1H 2025 – India Added 44.2 GW of New Solar Modules & 7.5 GW of Cell Manufacturing Capacity in 1H 2025

In the first half (1H) of calendar year (CY) 2025, India added nearly 3.8 gigawatts (GW) of solar open access capacity, down over 4% from more than 3.9 GW in 1H 2024, according to the Q2 2025 Mercom India Solar Open Access Market report.
A record 2.7 GW of solar open access capacity was added in the second quarter (Q2) of 2025.
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://www.mercomindia.com/product-form/q2-2025-mercom-india-solar-open-access-market-report-executive-summary-form" rel="noopener noreferrer">Download Executive Summary</a></div>
Installations in 1H 2024 were skewed higher as open access developers rushed to commission projects ahead of the ALMM reimposition. By comparison, 1H 2025 saw a slight decline, with project execution constrained by delays in connectivity approvals and limited transmission infrastructure in Q1. Installations, however, rebounded sharply in Q2 of 2025, fueled by developers rushing to commission projects ahead of the ISTS charges waiver deadline in June, with many partially commissioning projects to secure eligibility for the waiver.
<img loading="lazy" decoding="async" class="aligncenter wp-image-61079" style="width: 70%;" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/09/Screenshot-2025-09-09-104054.png" alt="SOLAR OPEN ACCESS MARKET REPORT " width="611" height="295" />
In Q2 2025, Maharashtra led solar open access capacity additions, accounting for over 30% of installations. The top five states accounted for over 86% of installations in Q2 2025.
As of June 2025, the cumulative installed solar open access capacity stood at 24.6 GW.
Karnataka retained its top rank in cumulative installations, accounting for approximately 24% of solar open access capacity at the end of Q2 2025. Maharashtra and Gujarat ranked second and third, contributing more than 18% and nearly 12% of cumulative installations as of June 2025.
In Q1 2025, Karnataka was the leading seller in the Green Day-Ahead Market, accounting for nearly 34% of electricity sold.
Damodar Valley Corporation was the leading procurer from G-DAM, accounting for almost 28% of the electricity purchased through Q1 2025.
The volume traded in the Green Term Ahead Market on IEX declined around 25% QoQ in Q1 2025.
The cleared volume of renewable energy certificates traded on the Indian Energy Exchange declined more than 22% quarter-over-quarter QoQ in Q2 2025.
The Q2 2025 Solar Open Access report provides a comprehensive analysis of the solar open access market, retail electricity tariffs, PPA prices, and open access charges and costs for fifteen states.
Key Highlights from Mercom&#8217;s Q2 2025 India Solar Open Access Market Report
<ul>
<li>In 1H 2025, India added 3.8 GW of solar open access capacity, down over 4% YoY</li>
<li>In Q2 2025, 2.7 GW of solar open access was added, up more than 143% QoQ and over 60% YoY</li>
<li>Maharashtra was the leading state, accounting for more than 30% of open access capacity additions in Q2 2025</li>
<li>In Q2 2025, over 86% of the solar open access installations were in the top five states</li>
<li>As of June 2025, the cumulative installed solar open access capacity was 24.6 GW</li>
</ul>
Contact Mercom for pricing: <a href="mailto:reports@mercomindia.com" target="_blank" rel="noopener noreferrer">reports@mercomindia.com</a> or call us at +91-80-41211148.
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Q2 2025 MERCOM INDIA SOLAR OPEN ACCESS MARKET REPORT - 3.8 GW INSTALLED IN 1H 2025

India added 2.8 gigawatts (GW) of rooftop solar capacity in the first half (1H) of calendar year (CY) 2025. The Installations rose over 158% compared to the 1.1 GW installed in 1H 2024, according to Mercom India&#8217;s newly released Q2 2025 India Rooftop Solar Market Report.
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://www.mercomindia.com/product-form/q2-2025-mercom-india-rooftop-solar-market-report-executive-summary-form" rel="noopener noreferrer">Download Executive Summary</a></div>
In the second quarter (Q2) of 2025, 1.6 GW of rooftop solar capacity was installed, representing a 33% increase from 1,216.6 MW in Q1 2025 and an over 121% increase from the 731 MW installed in Q2 2024.
The growth in installations during 1H and Q2 2025 was largely driven by the clearance of delayed registrations, the commissioning of new systems, and enhancements to the PM Surya Ghar portal.
In Q2 2025, rooftop solar capacity additions were led by the residential segment, which contributed over 74%, followed by the industrial segment at over 19%, the commercial segment at about 6%, and the government segment at nearly 0.5%.
Installations under the capital expenditure (CAPEX) model accounted for 88% of the quarterly additions, and capacity additions under the operational expenditure or renewable energy service company (OPEX/RESCO) model accounted for about 12% of the installations in Q2 2025.
<img loading="lazy" decoding="async" class="aligncenter size-full wp-image-60862" style="width: 70%;" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/09/Screenshot-2025-09-02-113702.png" alt="" width="969" height="449" />
Gujarat, Maharashtra, Uttar Pradesh, Kerala, and Rajasthan led the addition of rooftop solar capacity during the quarter. The top five states represented 64% of the total installations.
As of June 2025, India had a cumulative installed rooftop solar capacity of 16.5 GW.
The top 10 states accounted for nearly 81% of cumulative rooftop solar installations as of June 2025. Gujarat, Maharashtra, Kerala, Rajasthan, and Uttar Pradesh continued to lead in terms of cumulative installed rooftop solar capacity.
Assam registered the highest compounded quarterly growth rate of nearly 24% between Q2 2024 and Q2 2025. This was followed by Uttar Pradesh and Madhya Pradesh, with growth rates of nearly 19% and over 13%, respectively.
In Q2 2025, rooftop solar tenders amounting to 1,269 MW were issued, up over 232% QoQ from 382 MW and 110% YoY from 604 MW.
A comprehensive analysis of net metering policies across all Indian states and Union Territories is also included in the report.
Key Highlights from the Q2 2025 Mercom India Rooftop Solar Market Report 
<ul>
<li>India added 2.8 GW of rooftop solar in 1H 2025, up over 158% YoY</li>
<li>In Q2 2025, 1.6 GW of rooftop solar capacity was added, up almost 33% QoQ and more than 121% YoY </li>
<li>Cumulative rooftop solar installations reached 16.5 GW as of June 2025</li>
<li>Gujarat, Maharashtra, Uttar Pradesh, Kerala, and Rajasthan led quarterly capacity additions </li>
<li>Assam registered the highest compounded quarterly growth rate </li>
</ul>
Contact Mercom for pricing: <a href="mailto:reports@mercomindia.com" target="_blank" rel="noopener noreferrer">reports@mercomindia.com</a> or call us at +91-080-41211148.
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MERCOM INDIA ROOFTOP SOLAR MARKET REPORT Q2 2025 – 1.6 GW INSTALLED IN Q2 2025

India installed around 11.3 gigawatts (GW) of solar capacity in the second quarter (Q2) of calendar year (CY) 2025. Solar capacity additions increased more than 145% year-over-year (YoY) compared to over 4.6 GW installed in Q2 2024, according to the Q2 2025 India Solar Market Update Report by Mercom India Research.
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Solar capacity additions were up nearly 67% compared to nearly 6.8 GW of installation in Q1 2025.
In 1H 2025, solar projects totaling 18 GW were installed, up 31% compared to 1H 2024. Large-scale solar capacity additions rose 20% YoY during 1H 2025, compared to 12.6 GW in 1H 2024. Rajasthan, Gujarat, and Maharashtra led in terms of large-scale solar capacity additions for the quarter, accounting for 33.7%, 27%, and 17.4% of installations, respectively.
India&#8217;s cumulative installed solar capacity, including rooftop solar, reached 116.4 GW as of June 2025. Large-scale projects accounted for nearly 86% of this total, while rooftop solar contributed approximately 14%.
<img loading="lazy" decoding="async" class="aligncenter size-full wp-image-83706" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/Solar-Installations-by-Quarter-1.png" alt="Solar Installations by Quarter" width="1237" height="401" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/Solar-Installations-by-Quarter-1.png 1237w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/Solar-Installations-by-Quarter-1-300x97.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/Solar-Installations-by-Quarter-1-768x249.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/Solar-Installations-by-Quarter-1-650x211.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/Solar-Installations-by-Quarter-1-624x202.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/08/Solar-Installations-by-Quarter-1-600x195.png 600w" sizes="auto, (max-width: 1237px) 100vw, 1237px" />
Rajasthan and Gujarat led the cumulative large-scale solar installations, accounting for 29% and 18% of the capacity. Karnataka ranked third, with 13%.
In Q2 2025, solar project commissioning in India accelerated due to regulatory deadlines. Developers aimed for partial commissioning before June 2025 to secure the 100% ISTS charge waiver, supported by rising DISCOM demand for round-the-clock renewables.
The country’s utility-scale project development pipeline stood at over 191 GW as of June 2025, with an additional 131 GW of tendered and pending auction.
In Q2 2025, solar power accounted for 64% of the total new power capacity additions.
In 1H 2025, multiple central and state agencies issued 20.6 GW of tenders, recording a sharp decline of 58.2% YoY. The auctioned capacity in 1H 2025 stood at 8.1 GW, down 74% from 31.8 GW in 1H 2024.
Key Highlights from Mercom India Research&#8217;s Q2 2025 India Solar Market Update:
<ul>
<li>India added 11.3 GW of solar capacity in Q2 2025, an increase of 66.9% QoQ</li>
<li>Solar accounted for 64% of new power capacity additions in Q2 2025</li>
<li>In 1H 2025, solar projects totaling 18 GW were commissioned, up 31% YoY </li>
<li>India&#8217;s cumulative installed solar capacity stood at 116.4 GW as of June 2025</li>
<li>India&#8217;s large-scale solar project pipeline stood at almost 191 GW, with another over 131 GW of projects tendered and pending auction </li>
<li>Tender announcements in Q2 fell 65.2% QoQ and 21.6% YoY, while auction announcements fell 74.1% QoQ and 75.2% YoY</li>
</ul>
Contact Mercom for pricing: <a href="mailto:reports@mercomindia.com">reports@mercomindia.com</a> or call us at +91-080-41211148 or +91-080-23560436.

Q2 2025 INDIA SOLAR MARKET UPDATE - 11.3 GW INSTALLED IN Q2 2025

India added over 341 MWh of battery energy storage capacity in 2024, a more than sixfold increase from 51 MWh added in 2023, according to Mercom India Research&#8217;s newly released India&#8217;s Energy Storage Landscape 2024 Report.
India&#8217;s cumulative battery energy storage capacity reached nearly 442 MWh as of December 2024.
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://www.mercomindia.com/product-form/india-energy-storage-landscape-2024-executive-summary-form" rel="noopener noreferrer">Download Executive Summary</a></div>
India has also added 4.7 GW of pumped storage to date.
The strong policy support, including viability gap funding and energy storage obligations, is helping accelerate the adoption of energy storage across the country.
<img loading="lazy" decoding="async" class="aligncenter wp-image-61079" style="width: 70%;" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/07/INDIAS-ENERGY-STORAGE-LANDSCAPE-2024-1.png" alt="India's Energy Storage Landscape" width="611" height="295" />
As of December 2024, Karnataka (36%), Chhattisgarh (27%), and Gujarat (17%) held the top three positions in the cumulative installed energy storage capacity.
Solar-plus-storage systems accounted for nearly 60% of India&#8217;s cumulative installed capacity. This was followed by approximately 36% from renewable energy projects with round-the-clock capability and about 4% from standalone battery energy storage systems. The remaining share came from floating solar with storage projects.
As of December 2024, India had nearly 4 GWh of standalone battery storage, over 4 GW of solar-plus-storage, and more than 16 GW of renewable energy-plus-storage projects in various stages of development. In addition, over 51 GW of pumped storage was in the pipeline, of which more than 37 GW was in the survey and investigation phase, and over 14 GW was under active development.
Gujarat had the largest pipeline of standalone battery storage capacity under development, followed by Maharashtra and Rajasthan. Favorable provisions in renewable energy policies of these states, along with annual energy storage obligations in place through FY30, were key drivers of growing demand for energy storage.
Various government agencies issued energy storage tenders totaling nearly 27 GW in 2024 and auctioned approximately 17 GW of projects, with or without associated renewable energy capacity. Solar-plus-storage tenders saw significant momentum, recording a 118% year-over-year increase during the year.
Key Highlights from the Mercom India Energy Storage Landscape 2024 Report 
<ul>
<li>India added over 341 MWh of energy storage capacity in 2024.</li>
<li>Solar-plus-storage systems accounted for approximately 60% of the total installed storage capacity as of December 2024</li>
<li>Karnataka led in cumulative installed capacity, contributing 36% of the total.</li>
<li>India had 4.7 GW of installed pumped storage, with over 51 GW in various stages of development</li>
<li>In 2024, more than 27 GW of energy storage were tendered, and 17 GW were auctioned.</li>
</ul>
Contact Mercom for pricing: <a href="mailto:reports@mercomindia.com" target="_blank" rel="noopener noreferrer">reports@mercomindia.com</a> or call us at +91-80-41211148.
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INDIA’S ENERGY STORAGE LANDSCAPE 2024 REPORT – 341 MWh ENERGY STORAGE CAPACITY INSTALLED IN 2024

In the first quarter (Q1) of calendar year (CY) 2025, India added 1.1 gigawatts (GW) of solar open access capacity, down nearly 48% from around 2.1 GW in Q4 2024, according to the Q1 2025 Mercom India Solar Open Access Market report. Installations were down 47% year-over-year (YoY) compared to over 2 GW in Q1 2024.
Solar open access projects accounted for 19.8% of the total large-scale solar installations during the quarter.
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://www.mercomindia.com/product-form/q1-2025-mercom-india-solar-open-access-market-report-executive-summary-form" rel="noopener noreferrer">Download Executive Summary</a></div>
Due to the year-end commissioning rush driven by the close of the financial year, there was a shortage of domestic modules. The lack of transmission infrastructure, combined with delays in the connectivity approval process and uncertainty surrounding the Inter-State Transmission System (ISTS) waiver, slowed the commissioning of solar open access projects during Q1 2025.
<img loading="lazy" decoding="async" class="aligncenter wp-image-61079" style="width: 70%;" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/06/Q12025-Solar-Open-Access.png" alt="SOLAR OPEN ACCESS MARKET REPORT " width="611" height="295" />
Of the open access projects installed in Q1 2025, 67.4% were standalone solar, 32% were wind-solar hybrid energy, and 0.6% were floating solar projects.
Maharashtra led solar open access capacity additions during the quarter, accounting for nearly 29% of installations. The top five states accounted for over 89% of installations in Q1 2025.
As of March 2025, India&#8217;s cumulative installed solar open access capacity was 21.5 GW.
Karnataka remained the leading state in cumulative open access installations, accounting for approximately 24% of capacity additions at the end of Q1 2025. Maharashtra and Tamil Nadu ranked second and third, contributing almost 17% and over 12% of cumulative installations.
The pipeline of solar open-access projects under development and in the pre-construction phase was over 31 GW at the end of March 2025. The top 5 states together accounted for nearly 87% of pipeline projects.
In Q4 2024, Adani Green was the leading seller in the Green Day-Ahead Market (G-DAM), accounting for over 41% of the electricity sold.
Maharashtra was the leading procurer from G-DAM, accounting for 17% of the electricity purchased through Q4 2024.
The cleared volume of renewable energy certificates (RECs) traded on the Indian Energy Exchange (IEX) was up 155% quarter-over-quarter (QoQ).
The volume traded in the Green Term Ahead Market (G-TAM) on IEX rose around 72% QoQ.
The Q1 2025 Solar Open Access report provides a detailed analysis of the solar open access market, retail electricity tariffs, PPA prices, and open access charges and costs for fifteen states.
Key Highlights from Mercom&#8217;s Q1 2025 India Solar Open Access Market Report
<ul>
<li>In Q1 2025, 1.1 GW of solar open access was added, a 48% QoQ and 47% YoY decrease</li>
<li>Of the open access projects installed in Q1 2025, 67.4% were standalone solar and 32% wind-solar hybrid energy projects</li>
<li>Maharashtra was the leading state, accounting for nearly 29% of solar capacity additions in Q1 2025</li>
<li>The top five states accounted for more than 89% of open access installations in Q1 2025</li>
<li>As of March 2025, the cumulative installed solar open access capacity was 21.5 GW</li>
<li>The pipeline of solar open access projects was over 31 GW as of March 2025</li>
</ul>
<img loading="lazy" decoding="async" class="aligncenter wp-image-60617" style="width: 70%;" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/06/infographics-Q1-2025-01-2-1-scaled.jpg" alt="Q1 2025 MERCOM INDIA SOLAR OPEN ACCESS MARKET REPORT Update_Inforgraphics" width="605" height="699" />
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Q1 2025 MERCOM INDIA SOLAR OPEN ACCESS MARKET REPORT - 1.1 GW INSTALLED IN Q1 2025

India added 1.2 GW of rooftop solar capacity in the first quarter (Q1) of 2025, a drop of over 6% from 1.3 GW in Q4 2024. Installations were up 232% year-over-year (YoY) compared to the 366.5. MW installed in Q1 2024, according to Mercom India Research&#8217;s newly released Q1 2025 India Rooftop Solar Market Report.
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://www.mercomindia.com/product-form/q1-2025-mercom-india-rooftop-solar-market-report-executive-summary-form" rel="noopener noreferrer">Download Executive Summary</a></div>
The residential segment accounted for nearly 78% of installations in Q1 2025. The industrial, commercial, and government segments accounted for approximately 16%, 6%, and 0.4% of the total capacity added during the quarter.
Installations under the capital expenditure (CAPEX) model accounted for over 91% of the quarterly additions, and capacity additions under the operational expenditure or renewable energy service company (OPEX/RESCO) model accounted for the rest.
<img loading="lazy" decoding="async" class="aligncenter size-full wp-image-60862" style="width: 70%;" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/05/Q1-2025-rooftop.png" alt="" width="969" height="449" />
Gujarat, Maharashtra, and Uttar Pradesh led rooftop solar capacity additions during the quarter, accounting for more than 16%, 14%, and 13%, respectively.
Rooftop solar tenders totaling 494.2 MW were issued in Q1 2025, down by over 53% quarter-over-quarter and 41% YoY.
In Q1 2025, rooftop solar accounted for over 18% of the total solar installations in the country. Gujarat, Maharashtra, and Rajasthan topped the country&#8217;s cumulative installed rooftop solar capacity, accounting for over 28%, 15%, and 7%, respectively.
The capacity added during the quarter was the second-highest quarterly installations to date. The PM Surya Ghar: Muft Bijli Yojana (PM Surya Ghar program) remained the key growth driver, contributing to over 77% of the total installations during the quarter. The quarter would have witnessed record installations if not for the implementation bottlenecks in the PM Surya Ghar program and rising costs and shortage of Domestic Content Requirement (DCR) compliant solar modules.
India&#8217;s cumulative rooftop solar installations reached 14.9 GW at the end of Q1 2025.
The top 10 states accounted for over 86% of total rooftop solar installations in Q1 2025.
A comprehensive analysis of net metering policies across all Indian states and Union Territories is also included in the report.
Key Highlights from the Q1 2025 Mercom India Rooftop Solar Market Report 
<ul>
<li>In Q1 2025, India added 1.2 GW of rooftop solar capacity, up 232% YoY</li>
<li>During the quarter, 78% of the installations were in the residential segment</li>
<li>91% of the quarter&#8217;s installations were in the CAPEX mode</li>
<li>Cumulative rooftop solar installations reached 14.9 GW at the end of Q1 2025</li>
<li>Gujarat, Maharashtra, and Uttar Pradesh led capacity additions during the quarter</li>
</ul>
Contact Mercom for pricing: <a href="mailto:reports@mercomindia.com" target="_blank" rel="noopener noreferrer">reports@mercomindia.com</a> or call us at +91-080-41211148.
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MERCOM INDIA ROOFTOP SOLAR MARKET REPORT Q1 2025 – 1.2 GW INSTALLED IN Q1 2025

India installed 6.7 gigawatts (GW) of solar capacity in the first quarter (Q1) of 2025. Solar capacity additions decreased year-over-year (YoY) by 25% compared to the 9 GW installed in Q1 2024, according to Mercom India&#8217;s Q1 2025 India Solar Market Update Report.
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Solar installations were down 14% compared to nearly 7.8 GW added in Q4 2024. 
<img loading="lazy" decoding="async" class="aligncenter wp-image-60583" style="width: 70%;" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/05/Screenshot-2025-05-20-123910.png" alt="Solar Installations by Quarter (MW)" width="577" height="263" />
In Q1, India installed 5.5 GW of large-scale solar capacity, with open access projects accounting for 19.8% of the total. Installations declined 15% quarter-over-quarter (QoQ) and 36% YoY. Several projects slated for Q1 commissioning were postponed due to factors such as insufficient substation capacity and transmission infrastructure, land acquisition challenges, and delays in PPA signings. Additionally, a significant shortage of domestically manufactured modules, combined with elevated prices, created procurement hurdles for developers.
In Q1 2025, India added 12.3 GW of new power capacity, with solar power accounting for 54% of the capacity additions.
Rajasthan and Gujarat led the large-scale solar installations in the quarter, accounting for 35%, and 30% of the capacity installations. Maharashtra ranked third, with 16%.
As of March 2025, India&#8217;s cumulative installed solar capacity stood at 104.6 GW. Solar energy accounted for 22% of India&#8217;s total installed power capacity and 48% of the total installed renewable energy capacity.
Large-scale solar projects contributed over 86% and rooftop solar nearly 14% to the cumulative installed solar capacity.
At the end of Q1 2025, Rajasthan had the highest cumulative installed large-scale solar capacity, accounting for 29% of the country’s total installations. Gujarat and Karnataka followed with 17% and 13% respectively.
India’s large-scale solar project pipeline stood at 180.4 GW, with another 127.8 GW of projects tendered and pending auction at the end of Q1 2025.
The average cost of large-scale solar projects increased by 3% QoQ and 1% YoY.
Tenders totaling 14.4 GW were announced during the quarter, down 53% YoY and up 5% QoQ. In Q1 2025, 6.4 GW of solar projects were auctioned, down 39% QoQ and 74% YoY.
Key Highlights from Mercom India Research&#8217;s Q1 2025 India Solar Market Update:
<ul>
<li>India added 6.7 GW of solar capacity in Q1 2025, a decrease of 25% YoY</li>
<li>Large-scale solar accounted for 82% of the installations, and rooftop solar 18%</li>
<li>Solar accounted for 54% of new power capacity additions in Q1 2025</li>
<li>Rajasthan, Gujarat, and Maharashtra led large-scale solar installations during the quarter</li>
<li>In Q1 2025, 14.4 GW of large-scale solar projects were tendered, down 53% YoY</li>
<li>Large-scale solar projects totaling 6.4 GW were auctioned in Q1 2025, a 74% drop YoY</li>
</ul>
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Q1 2025 INDIA SOLAR MARKET UPDATE - 6.7 GW INSTALLED IN Q1 2025

Mercom&#8217;s India Solar Market Leaderboard report covers market shares and rankings across the Indian solar supply chain in the calendar year (CY) 2024. It provides the most accurate and comprehensive coverage of India&#8217;s solar industry leaders.
The report outlines significant changes in the market share of solar companies during CY 2024, driven by the reimposition of the Approved List of Models and Manufacturers (ALMM) order, which influenced supply dynamics in CY 2024. Additionally, domestic solar module manufacturers expanded their production capacity, further reshaping the competitive landscape.
In CY 2024, thirty companies entered the top ten rankings across various categories. These companies did not feature among the top ten in CY 2023, underscoring a highly competitive solar market with substantial opportunities for growth.
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Also, our <a href="https://www.mercomindia.com/product/mercoms-india-solar-market-share-tracker">Market Share Tracker</a>, which gives insights into your competitors and their growth rates on a quarterly basis, is available in an excel format.
The report covers:
<ul>
<li>Top Utility-Scale Solar Developers</li>
<li>Top Rooftop Solar Installers</li>
<li>Top Large-Scale Solar EPC Companies</li>
<li>Top Solar Inverter Suppliers</li>
<li>Top Solar Module &amp; Cell Suppliers</li>
<li>Top Domestic Solar Module and Cell Manufacturers</li>
<li>Top Solar Module and Cell Exporters</li>
<li>Top Solar Tracker Suppliers</li>
<li>Top Solar Module Mounting Structure Suppliers</li>
<li>Top Open Access Solar Developers</li>
<li>Top Robotic Solar Module Cleaning Equipment Suppliers</li>
</ul>
Companies covered in the report include:
Adani Green Energy | NTPC Renewable Energy | Avaada Energy | ReNew | JSW Energy | ACME Solar | SJVN Green Energy | Tata Power Company | Juniper Green Energy | NLC India Green Energy | O2 power | Ayana Renewable Power | Aditya Birla Renewables | Essel Saurya Urja Company of Rajasthan | Torrent Power | Azure Power | Shell | SAEL Industries | Tata Power Solar | Roofsol Energy | Mahindra Solarize | Amplus Solar | Kalpa Power | Evolve Solar | Hartek Group | Enerparc Energy | Orb Energy | B. U. Bhandari Energy | Fourth Partner Energy | CleanMax Enviro Energy | Sunsure Energy | Gensol Engineering | Candi Solar | Hinduja Renewables | AMPIN Energy Transition | Jakson Green | L&amp;T Construction | Sterling and Wilson | Rays Power Infra | Prozeal Green Energy | Essens Renewable | InSolare Energy | Waaree Renewable Technologies | Vikram Solar | Bharat Heavy Electricals | Sungrow Power Supply | TBEA Energy India | Sineng Electric | FIMER India | Ginlong (Solis) Technologies | Growatt New Energy | SOFARSOLAR | Ningbo Deye Inverter Technology | SolaX Power | GoodWe | Shenzhen Hopewind Electric Corporation | Huawei Technologies | TMEIC | Hitachi Hi-Rel Power Electronics | Jinko Solar | Waaree Energies | LONGi Green Energy Technology | Trina Solar | Adani Solar | Premier Energies | GCL System Integration Technology | Saatvik Green Energy | Rayzon Solar | JA Solar | Canadian Solar | Goldi Solar | Gautam Solar | Emmvee Photovoltaic Power | Econess Energy | Astronergy (CHINT Group) | SolarSpace | Lianyungang Shenzhou New Energy | Grew Energy | REC Solar | Dongguan Sunworh Solar | Pixon Energy | Alpex Solar | Senza Solar | Innovative solar solutions | ZNSHINE PV-TECH | First Solar | Aiko Solar | Jietai New Energy Technology | Tongwei Solar | Anhui Yingfa Desheng Technology | DMEGC Magnetics | Solar N Plus | Gokin Solar | FS Solar India (First Solar) | RenewSys India | Avaada Electro | Indosolar (Waaree) | KOSOL Energie (SunRay) | Jakson Solar | Cosmic PV Power | Future Solar | Luminous Power Technologies | Greentek | H R Solar Solution | Jupiter International | Webel (Websol) Energy System | Euro Multivision | ARCTECH | GameChange Solar | Sunchaser Structures | Scorpius Tracker | Nextracker | Mahindra Susten | SmartTrak | Strolar Mounting Systems | Photon Energy Systems | Ganges Internationale | Goodluck India | Raydean Industries | Metalkraft | MTE Structures | ISHKON Industries | SMS Solutions | IndiaRack Solar Technologies | RPK Green | Purshotam Profiles | SNS Corporation | Bhavita Engineering | AM Green Energy | Serentica Renewables | Brookfield Renewable Partners | Continuum Green Energy | Radiance Renewables | Cleantech Solar | Langfang Sol-Bright New Energy Technology | Taypro | Aegeus Technologies | Airtouch Solar | Solabot Technologies | Vayu Solar | LEAPTING | Eco-Ops (Ecoppia) | Skilancer Solar | Solar-LIT | Restech Technologies |
Know your competition and stay ahead of the game. Get your market share report today!
Call us for pricing and details: +91.80.4121.148, or email: <a href="mailto:info@mercomindia.com">info@mercomindia.com</a>.
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Mercom's India Solar Market Leaderboard 2025: Market Shares and Profiles

In calendar year (CY) 2024, the country added 25.3 gigawatts (GW) of solar module and 11.6 GW of solar cell capacity, according to Mercom&#8217;s State of Solar PV Manufacturing in India 2025 report.
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://www.mercomindia.com/product-form/2025-state-solar-manufacturing-india-executive-summary-form" rel="noopener noreferrer">Download Executive Summary</a></div>
Manufacturing capacity additions in 2024 were primarily driven by demand for the solar project pipeline and the reimposition of the ALMM order from April 2024.
The top 10 manufacturers accounted for over 54% of the module and almost 100% of cell production capacity as of December 2024.
About 80% of the installed module manufacturing capacity was equipped to manufacture solar modules in M10 and G12 wafer sizes. Approximately 64.6 GW of the total module production capacity was listed under the ALMM order, as per the updated List–I issued by the MNRE as of January 6, 2025.
Monocrystalline modules, with or without Passivated Emitter and Rear Cell (PERC) technology, accounted for almost 59% of the country&#8217;s module production capacity, followed by Tunnel Oxide Passivated Contact (TOPCon) modules, polycrystalline modules, and thin-film modules.
<img decoding="async" class="aligncenter wp-image-61079" style="width: 40%;" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/04/Screenshot-2025-04-08-150340.png" alt="State of Solar PV Manufacturing in India 2025 " width="300" />
Based on the current pipeline, TOPCon modules are anticipated to account for over 58% of the annual module production capacity and over 64% of the cell production capacity by 2027, followed by monocrystalline, Heterojunction (HJT), and other technologies.
Gujarat was the most preferred location for installing photovoltaic (PV) manufacturing facilities, with 42% of the country&#8217;s module capacities located in the state. As of December 2024, Gujarat accounts for over 37% of the country&#8217;s annual solar cell production capacity, the highest in the country.
Tamil Nadu and Rajasthan were the other top states, accounting for over 10% and over 8% of the country&#8217;s solar module production capacity, respectively. Karnataka and Tamil Nadu were second and third, with solar cell production units contributing to over 18% and 12% of the country&#8217;s total capacity, respectively.
Various public sector and government entities issued tenders totaling 9.9 GW to procure solar modules in 2024, representing an increase of over 6% YoY. In 2024, 1.7 GW of module and 11.3 MW of cell supply auctions were concluded.
In 2024, a total of 65.9 GW of solar modules and cells were imported. Modules accounted for over 36% of the imports, while cells made up nearly 64%.
In 2024, domestic manufacturers exported 4.5 GW of solar modules, representing a 6% decrease from the 4.8 GW exported in 2023.
Key Highlights from Mercom India Research&#8217;s State of Solar PV Manufacturing in India 2023 Report:
<ul>
<li>India added 25.3 GW of solar module capacity and 11.6 GW of cell capacity in CY 2024</li>
<li>Gujarat, Tamil Nadu, and Rajasthan were the top three states for solar module manufacturing </li>
<li>As of December 2024, monocrystalline with or without PERC technology accounted for nearly 59% of the country&#8217;s module production capacity, followed by TOPCon with almost 28%</li>
<li>Monocrystalline accounted for over 68% of the country&#8217;s cell production capacity, followed by TOPCon (over 26%) </li>
<li>The top three states for solar cell manufacturing capacity were Gujarat, Tamil Nadu, and Karnataka.</li>
</ul>
Contact Mercom for pricing: <a style="color: #ed8b23;" href="mailto:reports@mercomindia.com" target="_blank" rel="noopener noreferrer">reports@mercomindia.com</a> or call us at +91-80-41211148.
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State of Solar PV Manufacturing in India 2025 - 25.3 GW of Solar Module and 11.6 GW of Cell Manufacturing Capacity Added in 2024

In calendar year (CY) 2024, India added 6.9 gigawatts (GW) of solar open access capacity, an increase of over 77% compared to the 3.9 GW installed in 2023, a record for annual capacity additions, according to Mercom’s Q4 &amp; Annual 2024 India Solar Open Access Market Report.
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://www.mercomindia.com/product-form/q4-2024-mercom-india-solar-open-access-market-report-executive-summary-form" rel="noopener noreferrer">Download Executive Summary</a></div>
The availability of low-cost Chinese modules due to imports before the reimposition of the Approved List of Models and Manufacturers (ALMM) order and for the exempted projects after the order reimposition drove the record capacity additions witnessed in 2024.
<img loading="lazy" decoding="async" class="aligncenter wp-image-61079" style="width: 70%;" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/03/Screenshot-2025-03-11-101300.png" alt="SOLAR OPEN ACCESS MARKET REPORT " width="611" height="295" />
In 2024, Maharashtra led the states, accounting for almost 18% of the installations. Rajasthan and Karnataka followed, contributing nearly 15% and 14% to the annual capacity additions.
In Q4, India added the second-highest quarterly solar open access capacity with 2.1 GW, up more than 92% from 1.1 GW in Q3 2024 and a nearly 142% increase from 852.7 MW in Q4 2023.
With the rise in prices for domestic modules during the quarter, projects mandated to use ALMM enlisted modules and projects eligible to import modules in Q4 rushed to add capacities to avoid higher project costs.
Maharashtra, Uttar Pradesh, and Gujarat led the quarter&#8217;s installations, contributing almost 24%, 21%, and 20% to the capacity additions.
Cumulative installed solar capacity in the open access segment stood at 20.2 GW as of December 2024.
Karnataka, Maharashtra, and Gujarat had the highest cumulative installed solar open access capacity, accounting for around 25%, 16%, and 12%.
India had 25.7 GW of solar open access projects under development and in the pre-construction phase at the end of Q4 2024.
Adani Green Energy led energy sales in the Green Day-Ahead Market (G-DAM), accounting for almost 34% of electricity traded.
Punjab procured the highest volume of electricity at G-DAM, contributing to nearly 28% of electricity traded.
The cleared volume of renewable energy certificates traded on the Indian Energy Exchange (IEX) fell almost 58% quarter-over-quarter (QoQ).
According to the report, the volume traded in the Green Term Ahead Market (G-TAM) on IEX fell more than 67% QoQ.
A detailed analysis of the solar open access market, retail electricity tariffs, and open access charges and costs for fifteen states has been covered in the report.
Key Highlights from Mercom India Research&#8217;s Q4 &amp; Annual 2024 India Solar Open Access Market Report 
<ul>
<li>India added over 6.9 GW open access solar in CY 2024, up more than 77% from the 3.9 GW installed in 2023</li>
<li>Maharashtra, Rajasthan, and Karnataka added the highest solar open access capacity in 2024</li>
<li>India added 2.1 GW of open access solar in Q4 2024, an increase of over 92% QoQ and a rise of almost 142% YoY</li>
<li>India&#8217;s cumulative installed solar open access capacity stood at 20.2 GW as of December 2024</li>
<li>The country had 25.7 GW of solar open access projects in various stages of development at the end of 2024</li>
</ul>
<img loading="lazy" decoding="async" class="aligncenter wp-image-60617" style="width: 70%;" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/03/infographics-Q4-2024-Final-01-scaled.jpg" alt="Q4 ANNUAL MERCOM INDIA SOLAR OPEN ACCESS MARKET REPORT 2024 Update_Inforgraphics" width="605" height="699" />
Contact Mercom for pricing: <a href="mailto:reports@mercomindia.com" target="_blank" rel="noopener noreferrer">reports@mercomindia.com</a> or call us at +91-80-41211148.
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Q4 & ANNUAL 2024 INDIA SOLAR OPEN ACCESS MARKET REPORT – 6.9 GW INSTALLED IN 2024

India&#8217;s rooftop solar capacity grew to 3.2 GW in the calendar year (CY) 2024, an 86% jump from 1.7 GW in 2023, largely driven by record-setting residential installations, according to Mercom India Research&#8217;s Q4 &amp; Annual 2024 India Rooftop Solar Market Report.
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://www.mercomindia.com/product-form/q4-2024-mercom-india-rooftop-solar-market-report-executive-summary-form" rel="noopener noreferrer">Download Executive Summary</a></div>
Residential consumers accounted for 74% of installations in 2024. Industrial, commercial, and government segments accounted for 19%, 6%, and 0.8% of total capacity added during the year.
Installations under the capital expenditure (CAPEX) model accounted for 88% of the year&#8217;s installations, and capacity additions under the operational expenditure or renewable energy service company (OPEX/RESCO) model accounted for the rest.
<img loading="lazy" decoding="async" class="aligncenter size-full wp-image-60862" style="width: 70%;" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/03/Screenshot-2025-03-04-103109.png" alt="" width="969" height="449" />
Gujarat, Maharashtra, and Kerala led rooftop solar capacity additions in 2024, accounting for almost 36%, 20%, and 9%, respectively.
Rooftop solar tenders totaling 2.8 GW were issued in 2024, up 136% YoY. Tenders to add rooftop solar systems on government buildings across India accounted for over 43% of tendered capacity in 2024.
In the fourth quarter (Q4) of 2024, 1.3 GW of rooftop solar was added, up nearly 64% compared to 791.1 MW installed in Q3 2024, and an increase of over 219% compared to 406 MW in Q4 2023. Installations in Q4 surpassed all previous quarterly additions.
Installations in the residential segment under the PM – Surya Ghar program drove installations in the quarter, accounting for over 85% of capacity additions. Industrial, commercial, and government segments comprised 10%, 4%, and 0.6% of installations during the quarter.
Gujarat, Maharashtra, and Uttar Pradesh led rooftop solar installations in Q4, accounting for 33%, 26%, and 8%, respectively.
In Q4 2024, over 1 GW of rooftop solar tenders were announced, up more than 185% quarter-over-quarter (QoQ) compared to 364.5 MW in Q3 2024 and over 84% year-over-year (YoY) compared to 564.8 MW in Q3 2023.
In Q4 2024, average rooftop solar system costs rose over 5% QoQ and were up more than 13% YoY.
India&#8217;s cumulative rooftop solar installations reached 13.7 GW at the end of December 2024.
Gujarat remains the leading state for rooftop installations, accounting for over 29% of cumulative installations, followed by Maharashtra and Rajasthan, comprising 15% and 7%, respectively.
The top 10 states accounted for over 80% of cumulative rooftop solar installations as of December 2024.
The report also includes a comprehensive analysis of net metering policies in all Indian states and Union Territories.
Key Highlights from the Q4 &amp; Annual 2024 Mercom India Rooftop Solar Market Report
<ul>
<li>In 2024, India added 3.2 GW of rooftop solar capacity, up over 86% YoY </li>
<li>Residential consumers made up 74% of capacity additions in 2024, followed by industrial and commercial </li>
<li>In Q4 2024, average rooftop solar system costs rose over 5% QoQ and 13% YoY</li>
<li>Cumulative rooftop solar installations reached 13.7 GW as of December 2024</li>
<li>Gujarat was the top state for cumulative rooftop solar installations, followed by Maharashtra and Rajasthan</li>
</ul>
Contact Mercom for pricing: <a href="mailto:reports@mercomindia.com" target="_blank" rel="noopener noreferrer">reports@mercomindia.com</a> or call us at +91-080-41211148.
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Q4 & ANNUAL 2024 MERCOM INDIA ROOFTOP SOLAR MARKET REPORT– 3.2 GW INSTALLED IN 2024

India added 25.2 gigawatts (GW) of solar in the calendar year (CY) 2024, over 204% increase compared to 8.3 GW added in 2023, according to Mercom India&#8217;s Q4 and Annual 2024 India Solar Market Update Report. The Indian solar sector witnessed record installations surpassing annual capacity additions of all previous years.
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://www.mercomindia.com/product-form/q4-2024-india-solar-market-update-executive-summary-form" rel="noopener noreferrer">Download Executive Summary</a></div>
In 2024, 22 GW of large-scale solar projects were installed, up nearly 235% from 6.6 GW in 2023. Commissioning of a significant capacity of previously delayed projects drove capacity additions in 2024.
Rajasthan, Gujarat, and Maharashtra led the large-scale solar installations in 2024, accounting for around 32%, 27%, and 8% of the capacity additions.
<img loading="lazy" decoding="async" class="aligncenter wp-image-60583" style="width: 70%;" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2025/02/Screenshot-2025-02-25-141556.png" alt="Annual Solar Installations (MW)" width="577" height="263" />
In 2024, India added 34.7 GW of new power capacity. Solar power accounted for almost 73% of the capacity additions.
In the fourth quarter (Q4) of 2024, India added 7.8 GW of solar capacity, up almost 118% from 3.6 GW installed in Q3 2024 and an increase of nearly 303% compared to 1.9 GW in Q4 2023.
During the quarter, 6.5 GW of large-scale solar capacity was installed, up 133% quarter-over-quarter (QoQ) from 2.8 GW and a 325% increase year-over-year (YoY) from 1.5 GW.
In Q4, Rajasthan, Gujarat, and Maharashtra added the most large-scale solar capacity, comprising around 44%, 17%, and 9% of the installations.
As of December 2024, India&#8217;s cumulative installed solar capacity stood at 98.7 GW, with large-scale solar projects contributing over 86% and rooftop solar nearly 14%.
Rajasthan, Gujarat, and Karnataka had the country&#8217;s highest cumulative installed large-scale solar capacity, accounting for around 28%, 16%, and 13%.
In 2024, tenders were announced for 79.3 GW of large-scale solar projects, the highest in any calendar year. Tender announcements were up 39% from 57 GW in 2023. In 2024, auctions were concluded for 48.1 GW of projects, up 117% from 22.2 GW in 2023.
The cost of large-scale solar projects rose almost 2% QoQ and fell over 8% YoY in Q4.
Key Highlights from Mercom India Research&#8217;s Annual and Q4 2024 India Solar Market Update:
<ul>
<li style="list-style-type: none;">
<ul>
<li>India added 25.2 GW of solar capacity in 2024, up 204% YoY</li>
<li>Large-scale solar accounted for 87% of the installations, and rooftop solar 13% in 2024</li>
<li>Solar accounted for 73% of new power capacity additions in 2024</li>
<li>In 2024 &amp; Q4, Rajasthan, Gujarat, and Maharashtra led the large-scale solar installations</li>
<li>In 2024, 79.3 GW of large-scale solar projects were tendered, up 39% YoY</li>
<li>Large-scale solar projects totaling 48.1 GW were auctioned in 2024, up 117% YoY </li>
<li>In Q4 2024, 7.8 GW of solar projects were commissioned</li>
</ul>
</li>
</ul>
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Q4 & ANNUAL 2024 INDIA SOLAR MARKET UPDATE – 25.2 GW ADDED IN 2024

India added a record 1.9 gigawatts (GW) of rooftop solar capacity in the first nine months (9M) of calendar year (CY) 2024. Installations in the first nine months surpassed annual installations of all previous years. Installations rose almost 45% year-over-year (YoY) compared to the 1.3 GW installed in 9M 2023, according to Mercom India&#8217;s Q3 2024 India Rooftop Solar Market Report.
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://www.mercomindia.com/product-form/q3-2024-mercom-india-rooftop-solar-market-report-executive-summary-form" rel="noopener noreferrer">Download Executive Summary</a></div>
In the third quarter (Q3) of 2024, a record 791.1 MW of rooftop solar capacity was installed, marking the highest quarterly additions to date. This represents over 8% increase quarter-over-quarter (QoQ) and an impressive 84% year-over-year (YoY) growth.
Installations in Q3 and 9M 2024 were primarily driven by the PM — SURYA GHAR: MUFT BIJLI YOJANA initiative (PM – Surya Ghar). The program significantly boosted capacity additions in the residential segment, contributing nearly 85% of installations during the quarter.
The industrial segment accounted for 12% of the quarter&#8217;s installations. Commercial and government segments accounted for over 2% and almost 1% of capacity additions, respectively, in Q3 2024.
<img loading="lazy" decoding="async" class="aligncenter size-full wp-image-60862" style="width: 70%;" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/12/MERCOM-INDIA-ROOFTOP-SOLAR-MARKET-REPORT-Q3-2024.jpg" alt="" width="969" height="449" />
Rooftop solar capacity additions under the capital expenditure (CAPEX) model accounted for almost 89% of the quarter&#8217;s installations.
Gujarat led the country&#8217;s rooftop solar capacity additions, accounting for almost 42% of the quarter&#8217;s installations. Maharashtra and Uttar Pradesh ranked second and third, accounting for 18% and 9% of the capacity installed during the quarter.
In 9M 2024, Gujarat led the rooftop solar installations, accounting for over 38%. Maharashtra and Kerala followed, accounting for almost 16% and 11% respectively.
As of September 2024, India had a cumulative installed rooftop solar capacity of 12.4 GW.
Kerala registered the highest compounded quarterly growth rate of more than 8% between Q3 2023 and Q3 2024.
A comprehensive analysis of net metering policies across all Indian states and Union Territories is also included in the report.
Key Highlights from Mercom India Research&#8217;s Q3 2024 India Rooftop Solar Market Report
<ul>
<li>India added 1.9 GW of rooftop solar in 9M 2024, up 45% YoY</li>
<li>In Q3 2024, 791.1 MW of rooftop solar capacity was added, up 8% QoQ and 84% YoY</li>
<li>Residential consumers contributed to over 85% of the installations in Q3</li>
<li>Cumulative rooftop solar installations reached 12.4 GW as of September 2024</li>
<li>In Q3 2024, 371.1 MW of rooftop solar tenders were issued, down by 30% QoQ and up 211% YoY</li>
<li>The average cost of rooftop solar systems rose by over 2% QoQ and fell 3% YoY</li>
</ul>
Contact Mercom for pricing: <a href="mailto:reports@mercomindia.com" target="_blank" rel="noopener noreferrer">reports@mercomindia.com</a> or call us at +91-080-41211148.
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MERCOM INDIA ROOFTOP SOLAR MARKET REPORT Q3 2024 – 1.9 GW INSTALLED IN 9M 2024

In the first nine months (9M) of 2024, India added 4.8 gigawatts (GW) of solar open access capacity, up almost 69% compared to 2.8 GW installed in 9M 2023, according to the Q3 2024 Mercom India Solar Open Access Market Report. The capacity added in the first nine months of 2024 surpassed annual installations witnessed in any of the previous years.
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The availability of low-cost solar module inventory, procured before the reimposition of the Approved List of Models &amp; Manufacturers (ALMM) order, fueled capacity additions in the first half of 2024, leading to record installations in 9M 2024.
In the third quarter (Q3) of calendar year (CY) 2024, India added about 1.1 GW of solar open access capacity, a drop of over 36% from 1.7 GW installed in Q2 2024. Installations dropped 6.5% year-over-year (YoY) compared to over 1.1 GW added in Q3 2023.
Capacity additions during Q3 were hampered by delays in several projects, primarily due to limited transmission infrastructure and challenges in land acquisition. Additional factors, such as delays in grid connectivity approvals and the higher costs of ALMM-enlisted Indian modules compared to imported ones, further contributed to the slowdown.
In Q3 2024, Maharashtra led solar open access capacity additions, accounting for nearly 27% of the quarter’s installation. Tamil Nadu and Uttar Pradesh followed, accounting for almost 24% and over 15% of the projects commissioned.
<img loading="lazy" decoding="async" class="aligncenter wp-image-61079" style="width: 70%;" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/11/Q3-2024.jpg" alt="SOLAR OPEN ACCESS MARKET REPORT " width="611" height="295" />
The cumulative installed solar open access capacity stood at 17.8 GW as of September 2024.
Karnataka remained the top state for cumulative installations, accounting for about 29% of solar open access capacity at the end of 9M 2024. Maharashtra and Gujarat ranked second and third, accounting for over 14% and 11% of cumulative installations through the end of Q3 2024.
The pipeline of solar open access projects under development and in the pre-construction phase was 24.1 GW as of September 2024. More than 80% of pipeline projects were located in Rajasthan, Karnataka, Andhra Pradesh, Maharashtra, and Tamil Nadu.
A detailed analysis of the solar open access market, retail electricity tariffs, PPA prices, and open access charges and costs for fifteen states have been covered in the report.
Key Highlights from Mercom’s Q3 2024 India Solar Open Access Market Report
<ul>
<li>In 9M 2024, India added 4.8 GW of solar open access capacity, up 69% YoY</li>
<li>In Q3 2024, 1.1 GW of solar open access was added, down 36% QoQ and 6.5% lower YoY </li>
<li>Maharashtra led capacity additions, accounting for nearly 27% of solar open access capacity added in Q3 2024</li>
<li>Tamil Nadu and Uttar Pradesh ranked second and third, contributing to 24% and 15% of the quarter&#8217;s installations</li>
<li>As of September 2024, the cumulative installed solar open access capacity was 17.8 GW</li>
<li>The pipeline of solar open access projects reached 24.1 GW as of September 2024</li>
</ul>
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Contact Mercom for pricing: <a href="mailto:reports@mercomindia.com" target="_blank" rel="noopener noreferrer">reports@mercomindia.com</a> or call us at +91-80-41211148.
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Q3 2024 MERCOM INDIA SOLAR OPEN ACCESS MARKET REPORT – 4.8 GW INSTALLED IN 9M 2024

In the first nine months (9M) of the calendar year (CY) 2024, solar projects totaling 16.4 GW were added in India, an increase of over 167% compared to 9M 2023. According to Mercom’s Q3 2024 India Solar Market Update, installations topped all previous nine months and annual installations.
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The commissioning of several previously delayed projects contributed to capacity additions in the first nine months of 2024.
In the third quarter (Q3), 3.5 GW of solar capacity was commissioned. Installations dropped almost 28% quarter-over-quarter (QoQ) compared to 4.9 GW installed in Q2 2024. Capacity additions grew 78% year-over-year (YoY) from about 2 GW.
<img loading="lazy" decoding="async" class="aligncenter wp-image-60583" style="width: 70%;" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/11/Q3-2024-Solar.jpg" alt="Solar Installations by Quarter (MW)" width="577" height="263" />
During the quarter, 2.8 GW of large-scale solar capacity was installed, down 34% QoQ from 4.2 GW.
The installations dropped in the third quarter as several projects were affected by delays in grid connectivity, land acquisition, the impact of monsoon on construction activity, and limited availability of modules complying with domestic content requirements (DCR).
Large-scale solar capacity additions were up 77% from 1.6 GW installed in Q3 2023. Solar open access projects accounted for nearly 39% of large-scale solar installations.
As of September 2024, India&#8217;s cumulative installed solar capacity stood at 89.1 GW. Of the total installed capacity, 86% were utility-scale projects, and 14% were rooftop solar. Solar accounted for about 20% of India&#8217;s installed power capacity and over 44% of renewable energy capacity.
India&#8217;s solar module and cell imports rose by 27% QoQ and dropped 19% YoY. The exports were down 55% QoQ and 62% YoY.
Key Highlights from Mercom India Research&#8217;s Q3 2023 India Solar Market Update:
<ul>
<li>India added 3.5 GW of solar capacity in Q3 2024, down by 28% QoQ and up 78% YoY</li>
<li>Solar accounted for more than 73% of new power capacity additions in 9M 2024</li>
<li>Gujarat, Madhya Pradesh, and Maharashtra led quarterly large-scale solar capacity additions</li>
<li>In 9M 2024, solar projects totaling 16.4 GW were commissioned, a 167% surge YoY</li>
<li>India&#8217;s cumulative installed solar capacity stood at 89.1 GW as of September 2024 </li>
<li>Rajasthan, Gujarat, and Karnataka led the country&#8217;s cumulative large-scale installations </li>
<li>India&#8217;s large-scale solar project pipeline stood at 163 GW, with another 127.2 GW of projects tendered and pending auction</li>
<li>Average large-scale project costs fell 1% QoQ and almost 23% YoY</li>
<li>Tender capacity announced in Q3 2024 was up 52% QoQ and 19% YoY </li>
<li>During the quarter, auction activity fell by 14% QoQ and 17% YoY</li>
</ul>
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Q3 2024 INDIA SOLAR MARKET UPDATE - 3.5 GW INSTALLED IN Q3 2024

Mercom&#8217;s India Solar Market Leaderboard report covers market shares and rankings across the Indian solar supply chain in the first half (1H) of the calendar year (CY) 2024. It provides the most accurate and comprehensive coverage of India&#8217;s solar industry leaders.
The report highlights notable shifts in the market share of solar companies during 1H 2024, a record-setting period for India&#8217;s solar sector driven by the commissioning of several delayed projects, spurred by a substantial decline in module prices.
In 1H 2024, thirty-seven companies entered the top ten rankings across various categories. These companies did not feature among the top ten in the first half of 2023, underscoring a highly competitive solar market with substantial opportunities for growth.
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Also, our <a href="https://www.mercomindia.com/product/mercoms-india-solar-market-share-tracker">Market Share Tracker</a>, which gives insights into your competitors and their growth rates on a quarterly basis, is available in an excel format.
The report covers:
<ul>
<li>Top Utility-Scale Solar Developers</li>
<li>Top Rooftop Solar Developers</li>
<li>Top Large-Scale Solar EPC Companies</li>
<li>Top Solar Inverter Suppliers</li>
<li>Top Solar Module &amp; Cell Suppliers</li>
<li>Top Solar Module and Cell Manufacturers</li>
<li>Top Solar Module Exporters</li>
<li>Top Solar Tracker Suppliers</li>
<li>Top Solar Module Mounting Structure Suppliers</li>
<li>Top Open Access Solar Developers</li>
<li>Top Robotic Solar Module Cleaning Equipment Suppliers</li>
</ul>
Companies Covered in the report include:
Adani Green Energy | ReNew | O2 power | ACME Solar | NTPC Renewable Energy | Torrent Power | Ayana Renewable Power | Aditya Birla Renewables | Avaada Energy | Azure Power | Tata Power | NLC India Green Energy | Greenko | AMPIN Energy Transition | Juniper Green Energy | Sukhbir Agro Energy (SAEL) | SJVN Green Energy | Tata Power Solar | Roofsol Energy | Havells India | Kalpa Power | Mahindra Solarize | Amplus Solar | Evolve Solar | Orb Energy | Fourth Partner Energy | Ratan Green Energy | CleanMax Enviro Energy | Sunsure Energy | Hinduja Renewables | Candi Solar | Jakson Green | Gensol Engineering | Ashoka Buildcon | InSolare Energy | Amara Raja Infra | Waaree Renewable Technologies | Addwatt Power Solutions | KEC International | LNB Renewable Energy | Sterling and Wilson | Rays Power Infra | BELECTRIC | Sungrow Power Supply | TBEA Energy India | Huawei Technologies| TMEIC | FIMER India | Sineng Electric | Ginlong (Solis) Technologies | Growatt New Energy | NingBo Deye Inverter Technology | SOFAR | SolaX Power | GoodWe | SMA Solar | Hitachi Hi-Rel Power Electronics | Jinko Solar | LONGi Green Energy Technology | Waaree Energies | GCL Systems Integration New Energy | Trina Solar | Adani Solar | Premier Energies | JA Solar | Saatvik Green Energy | Rayzon Solar | Vikram Solar | Emmvee Photovoltaic Power | Insolation Energy | Astronergy New Energy | Lianyungang Shenzhou New Energy | Solarspace Technology | Canadian Solar | Risen Energy | ReneSola | Econess Energy | Shandong Ronma Solar | Honyu Technology | Shandong Ronma Solar | Solar N Plus | Tongwei Solar | Pahal Solar | REC Solar | Dongguan Sunworh Solar | Pixon Energy | Alpex Solar | Senza Solar | Znshine Solar | Citizen Solar | Innovative Solar Solution | First Solar | Aiko Solar | Jetai New Energy | Jiangsu Zhongrun Solar Technology/Solarspace | Anhui Yingfa Deshseng | Guangdong Jinwan Gaojing | DMEGC Magnetics | Goldi Solar | Cosmic PV Power | Future Solar | Jakson Solar | Indosol Solar | Luminous Power Technologies | Credence Solar | Pandit Deendayal Energy University | AatmaNirbhar Solar | Icon Solar-en Power Technologies | GreenBrilliance Renewable Energy | Nyalkaran Energy | Beempow Energy | RenewSys India | HR Solar Solution | Jupiter International | Bharat Heavy Electricals | Euro Multivision | Bharat Electronics | Central Electronics | Arctech | GameChange Solar | Nextracker | Scorpius Tracker | Mahindra Susten | SmartTrak Solar System | L&amp;T Construction | Photon Solar | Ganges Internationale | Deccan Energy | Goodluck India | Strolar Mounting Systems | Raydean Industries | Metalkraft Forming Industries | MTE Structures | ISHKON Industries | SMS Solutions | RPK Green | Guru Fabrications | Purshotam Profiles | SNS Corporation | Bhavita Engineering | Ecoppia | AM Green Energy | Serentica Renewables | Brookfield Energy | Continuum Green Energy | Sembcorp | LEAPTING | Vayu Solar | Airtouch Solar | Aegeus Technologies | Langfang Sol-Bright Photovoltaic Technology | Solar-LIT | Taypro | Solabot Technologies | Skilancer Solar | Restech Technologies (BloKleen Solar) |
Know your competition and stay ahead of the game. Get your market share report today!
Call us for pricing and details: +91.80.4121.148, or email: <a href="mailto:info@mercomindia.com">info@mercomindia.com</a>.
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Mercom's India Solar Market Leaderboard 1H 2024: Market Shares and Profiles

In the first half (1H) of calendar year (CY) 2024, India added 11.3 gigawatts (GW) of solar modules and 2 GW of solar cell capacity, according to Mercom India&#8217;s State of Solar PV Manufacturing in India 1H 2024 report.
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Manufacturing capacity additions in 1H 2024 were primarily driven by strong demand, with solar project pipelines totaling 132.7 GW between 2024 and 2026 and the reimposition of the Approved List of Models and Manufacturers (ALMM) order from April 2024.
The country&#8217;s cumulative solar module manufacturing capacity reached 77.2 GW, and solar cell manufacturing capacity totaled 7.6 GW as of June 2024.
The top 10 manufacturers accounted for 58% of the module and 100% of cell production capacity as of June 2024.<img loading="lazy" decoding="async" class="wp-image-48278 aligncenter" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/10/1h-2024.jpg" alt="Solar Module Manufacturing Forecast (MW)_23 01 23" width="686" height="342" />
Monocrystalline (mono) Passivated Emitter and Rear Cell (PERC) modules accounted for most of the country&#8217;s module production capacity, followed by Tunnel Oxide Passivated Contact (TOPCon), polycrystalline, and thin film modules.
Gujarat was the top choice for solar photovoltaic (PV) component manufacturers, accounting for 45% of the country&#8217;s solar modules and 52% of solar cell capacity as of June 2024.
Tamil Nadu and Rajasthan followed, housing 10% and 8% of India&#8217;s module production capacities. Telangana and Himachal Pradesh were the other leading states after Gujarat for solar cell facilities. As of June 2024, 28% of the solar cell facilities in India were in Telangana, and over 10% were in Himachal Pradesh.
Module manufacturing capacity is projected to surpass 172 GW, and cell capacity is expected to reach over 80 GW by 2026.
Various public sector and government entities issued tenders totaling 7.6 GW to procure solar modules in 1H 2024.
In 1H 2024, 13.2 GW of modules were imported, up more than 338% YoY compared to 1H 2023. Over 84% of these solar modules were imported in the first quarter of the year in anticipation of the ALMM order reimposition. India&#8217;s solar cell imports totaled 15.5 GW in 1H 2024, up nearly 152% YoY, with over 46% imported in Q1.
Domestic manufacturers exported over 3 GW of solar modules in 1H 2024, with exports increasing by more than 16% YoY. India&#8217;s solar cell exports reached 148.6 MW in 1H 2024, up by more than 195% YoY from 50.4 MW in 1H 2023.
Key Highlights from the Report:
<ul>
<li>India added 11.3 GW of module capacity and 2 GW of cell capacity in 1H 2024</li>
<li>The top three states for solar module manufacturing were Gujarat, Tamil Nadu, and Rajasthan</li>
<li>Gujarat, Telangana, and Himachal Pradesh were the top three states for solar cell manufacturing capacity</li>
<li>In 1H 2024, various government entities issued 7.6 GW of tenders to procure solar modules</li>
<li>India&#8217;s solar PV module and cell imports were up over 338% and almost 152%, respectively</li>
<li>India&#8217;s solar PV module and cell exports were up more than 16% and 195%, respectively</li>
</ul>
&nbsp;
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State of Solar PV Manufacturing in India 1H 2024 – 11.3 GW Solar Module Manufacturing Capacity Added in 1H 2024

In the first half (1H) of 2024, the country added 3.6 gigawatts (GW) of solar open access capacity, a 153% increase from the 1.4 GW installed in 1H 2023, according to the Q2 2024 Mercom India Solar Open Access Market Report. The capacity added in the first half of this year surpassed the total annual installations of any previous year.
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In the second quarter (Q2) of calendar year (CY) 2024, India added nearly 1.8 GW of solar open access capacity, down 2.5% from over 1.8 GW in Q1 2024. The installations in Q2 2024 were up 152% year-over-year (YoY) compared to 712.8 megawatts (MW) in Q2 2023.
In Q2 2024, Karnataka led solar open access capacity additions, accounting for over 40% of the quarter&#8217;s installation. The top five states accounted for over 85% of the quarter&#8217;s installations.
<img loading="lazy" decoding="async" class="aligncenter wp-image-61079" style="width: 70%;" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/09/Q2-2024-MERCOM-INDIA-SOLAR-OPEN-ACCESS-MARKET.jpg" alt="SOLAR OPEN ACCESS MARKET REPORT " width="611" height="295" />
The cumulative installed solar open access capacity stood at 16.3 GW as of June 2024.
Karnataka remained the top state for cumulative installations, accounting for over 30% of solar open access capacity added in the country at the end of 1H 2024. Maharashtra and Tamil Nadu ranked second and third, accounting for almost 14% and 11% of cumulative installations.
The pipeline of solar open access projects under development and in the pre-construction phase was almost 23 GW as of June 2024. More than 81% of pipeline projects were located in Rajasthan, Karnataka, Andhra Pradesh, Maharashtra, and Tamil Nadu.
A detailed analysis of the solar open access market, retail electricity tariffs, PPA prices, and open access charges and costs for fifteen states have been covered in the report.
Key Highlights from Mercom&#8217;s Q2 2024 India Solar Open Access Market Report
<ul>
<li>In 1H 2024, India added 3.6 GW of solar open access capacity, up over 153% YoY</li>
<li>In Q2 2024, 1.8 GW of solar open access was added, a 2.5% QoQ fall and up about 152% YoY</li>
<li>Karnataka was the leading state, accounting for over 40% of capacity additions in Q2 </li>
<li>The top five states accounted for more than 85% of the quarter&#8217;s installations</li>
<li>As of June 2024, the cumulative installed solar open access capacity was 16.3 GW</li>
<li>The top five states comprised over 72% of cumulative solar open access installations as of June 2024</li>
<li>As of June 2024, the pipeline of solar open access projects was almost 23 GW</li>
</ul>
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Q2 2024 MERCOM INDIA SOLAR OPEN ACCESS MARKET REPORT - 3.6 GW INSTALLED IN 1H 2024

India added 1.1 gigawatts (GW) of rooftop solar capacity in the first half (1H) of calendar year (CY) 2024, the highest 1H installations to date. Installations rose 26% year-over-year (YoY) compared to the 873 MW installed in 1H 2023, according to Mercom India&#8217;s Q2 2024 India Rooftop Solar Market Report.
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In the second quarter (Q2) of 2024, 731 MW of rooftop solar systems were installed, the highest amount of new quarterly capacity and an increase of almost 89% YoY compared to 388 MW in Q2 2023. Installations were up more than 99% quarter-over-quarter (QoQ) compared to 367 MW in Q1 2024.
The growth in installations during the first half (1H) and Q2 of 2024 was largely driven by increased residential rooftop solar capacity under the PM—SURYA GHAR: MUFT BIJLI YOJANA (PM—Surya Ghar). Residential solar installations surged by almost 923% quarter-over-quarter (QoQ), making up over 72% of the projects commissioned during the quarter.
The industrial segment accounted for over 23% of the quarter’s installations. Commercial and government segments accounted for 4% and 0.7% of capacity additions, respectively.
<img loading="lazy" decoding="async" class="aligncenter size-full wp-image-60862" style="width: 70%;" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/08/Q2-2024-Solar-Rooftop.jpg" alt="" width="969" height="449" />
Gujarat, Maharashtra, Kerala, Uttar Pradesh, and Tamil Nadu led rooftop solar capacity additions in Q2 2024. The top five states accounted for over 81% of installations in Q2.
As of June 2024, India had a cumulative installed rooftop solar capacity of 11.6 GW.
The top 10 states contributed over 78% of cumulative rooftop solar installations as of June 2024. Gujarat, Maharashtra, Rajasthan, Kerala, and Karnataka remained at the forefront in terms of cumulative installed rooftop solar capacity during the quarter.
In Q2 2024, rooftop solar tenders amounting to 533.6 MW were issued, down nearly 35% from 816.9 MW in Q1 2024 and a 259% jump compared to 148.6 MW in Q2 2023.
The average cost of rooftop solar systems rose by more than 12% QoQ after falling for six straight quarters due to domestic content requirements. The average cost was down nearly 10% YoY.
A comprehensive analysis of net metering policies across all Indian states and Union Territories is also included in the report.
Key Highlights from Mercom India Research&#8217;s Q2 2024 India Rooftop Solar Market Report
<ul>
<li>India added 1.1 GW of rooftop solar in 1H 2024, up almost 26% YoY</li>
<li>In Q2 2024, 731 MW of rooftop solar capacity was added, up over 99% QoQ and 89% YoY </li>
<li>Residential consumers contributed to over 72% of the installations in Q2</li>
<li>Cumulative rooftop solar installations reached 11.6 GW as of June 2024</li>
<li>Gujarat and Maharashtra led quarterly capacity additions and also remained the top states cumulatively</li>
<li>In Q2 2024, 533.6 MW of rooftop solar tenders were issued, down 35% QoQ and up 259% YoY</li>
<li>The average cost of rooftop solar systems rose by over 12% QoQ and fell nearly 10% YoY </li>
</ul>
Contact Mercom for pricing: <a href="mailto:reports@mercomindia.com" target="_blank" rel="noopener noreferrer">reports@mercomindia.com</a> or call us at +91-080-41211148.
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MERCOM INDIA ROOFTOP SOLAR MARKET REPORT Q2 2024 – 731 MW INSTALLED IN Q2 2024

In the first half (1H) of calendar year (CY) 2024, solar projects totaling 14.9 GW were added in India, an increase of over 282% compared to 1H 2023. According to the newly released Q2 2024 India Solar Market Update by Mercom India Research, installations topped all previous half-yearly and annual installations.
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://www.mercomindia.com/product-form/q2-2024-india-solar-market-update-executive-summary-form/" rel="noopener noreferrer">Download Executive Summary</a></div>
In the second quarter (Q2), 5 GW of solar capacity was commissioned. Installations dropped over 49% quarter-over-quarter (QoQ) compared to 9.9 GW installed in Q1 2024. Capacity additions rose 170% year-over-year (YoY) compared to 1.8 GW in Q2 2023.
<img loading="lazy" decoding="async" class="aligncenter wp-image-60583" style="width: 70%;" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/08/Q2-2024.jpg" alt="Solar Installations by Quarter (MW)" width="577" height="263" />
Project delays due to grid connectivity and transmission infrastructure issues significantly affected quarterly additions for large-scale solar projects. The reimposition of the Approved List of Models and Manufacturers (ALMM) order further impacted the viability and commissioning of several open access projects, contributing to substantial delays during the quarter.
As of June 2024, India&#8217;s cumulative installed solar capacity stood at 87.2 GW. Solar energy accounted for 19.5% of India&#8217;s installed power capacity and over 44% of the total installed renewable energy capacity.
In Q2 2024, 10.7 GW of tenders were announced, a 21.6% decrease from 13.6 GW in Q2 2023. Tender activity dropped 65.2% QoQ compared to 30.7 GW.
During the quarter, 6.7 GW of solar PV projects were auctioned, similar to Q2 2023. Auction activity decreased 73.2% compared to 25.1 GW in Q1 2024.
India&#8217;s large-scale solar project pipeline stood at 146 GW, with another 104 GW of projects tendered and pending auction as of June 2024.
Key Highlights from Mercom India Research&#8217;s Q3 2023 India Solar Market Update:
<ul>
<li>India added 5 GW of solar capacity in Q2 2024, down by 49% QoQ and up 170% YoY</li>
<li>Solar accounted for 71% of new power capacity additions in 1H 2024</li>
<li>Rajasthan, Gujarat, and Karnataka led quarterly large-scale solar capacity additions</li>
<li>In 1H 2024, solar projects totaling 14.9 GW were commissioned, up 282% YoY</li>
<li>India&#8217;s cumulative installed solar capacity stood at 87.2 GW as of June 2024 </li>
<li>Rajasthan, Gujarat, and Karnataka led the country&#8217;s cumulative large-scale installations. </li>
<li>India&#8217;s large-scale solar project pipeline stood at 146 GW, with another 104 GW of projects tendered and pending auction</li>
<li>Average large-scale project costs fell 2% QoQ and almost 26% YoY</li>
<li>Tender announcements in Q2 fell 65.2% QoQ and 21.6% YoY, while auction announcements fell 73.2% QoQ and only marginally YoY</li>
</ul>
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Q2 2024 INDIA SOLAR MARKET UPDATE - 5 GW INSTALLED IN Q2 2024

India had a cumulative installed Battery Energy Storage System (BESS) capacity totaling 219.1 MWh as of March 2024, according to India&#8217;s Energy Storage Landscape report by Mercom India Research. Capacity installations in Q1 2024 totaled 120 MWh (40 MW).
Solar photovoltaic (PV) systems combined with battery energy storage systems (PV + BESS) accounted for 90.6% of the total installed capacity.
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The rapid addition of intermittent renewable energy sources, solar and wind, which accounted for 28.9% of the country&#8217;s electricity capacity as of March 2024,  has significantly impacted grid stability. Policy measures such as deviation settlement mechanism, grid connectivity regulations, and ancillary services regulations are being issued to ensure efficient renewable integration and grid stability. These measures are driving the demand for utility-scale energy storage.
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The highest BESS capacity was installed in Chhattisgarh, accounting for 54.8% of cumulative installed capacity.
The country&#8217;s operational pumped hydro storage capacity totaled 3.3 GW as of March 2024, per  Central Electricity Authority (CEA) data. Nearly 76% of the country&#8217;s operating capacity is in Telangana and West Bengal.
As of March 2024, 1.6 GWh (~1 GW) of standalone BESS, 9.7 GW of renewable energy projects plus energy storage, and 78.1 GW of pumped hydro projects were in various stages of development (60 GW is under survey and investigation, and 18.1 is under development).
The highest capacity of standalone BESS under development was in Rajasthan. Favorable provisions for energy storage capacity development in the state&#8217;s renewable energy policy and annual energy storage obligations (applicable through FY30) have been driving the state&#8217;s demand for energy storage.
To meet the demand for efficient energy utilization from renewable sources, various government agencies have issued tenders totaling 57 GW and auctioned 11.5 GW of energy storage projects, with or without renewable energy capacities, as of March 2024.
India&#8217;s Energy Storage Landscape report provides a detailed account of the landscape of energy storage systems projects in India. The report outlines the status of energy storage installations, key states for energy storage capacity development, tariff trends, the pipeline and installed capacity of standalone BESS projects, renewable energy plus BESS, and pumped storage. This report is valuable in understanding India&#8217;s energy storage market landscape, policies driving capacity additions, and the expansion trajectory.
Contact Mercom for pricing: <a href="mailto:reports@mercomindia.com" target="_blank" rel="noopener noreferrer">reports@mercomindia.com</a> or call us at +91-80-41211148.
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India's Energy Storage Landscape - Installed Battery Storage Capacity Reaches 219.1 MWh

In the first quarter (Q1) of the calendar year (CY) 2024, India added over 1.8 gigawatts (GW) of solar open access capacity, a twofold increase from 909.3 megawatts (MW) in Q4 2023, according to the newly released report, Q1 2024 Mercom India Solar Open Access Market Report. Installations increased 152% year-over-year (YoY).
In Q1, solar open access developers benefited from lower Chinese module prices and the suspension of the Approved List of Models and Manufacturers (ALMM) order for projects commissioned through March 2024. Many developers had delayed their module procurements until Q4 2023, anticipating lower prices, and subsequently commissioned their projects in Q1 2024, resulting in a sharp rise in installations. Additionally, lower power purchase agreement (PPA) prices, due to reduced project costs, further incentivized consumers to adopt solar open access.
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In Q1 2024, Rajasthan led solar open access capacity additions, accounting for almost 28% of the quarter&#8217;s installation. Andhra Pradesh and Maharashtra ranked second and third, accounting for 21% and nearly 12% of capacity additions.
<img loading="lazy" decoding="async" class="aligncenter wp-image-61079" style="width: 70%;" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/06/Screenshot-2024-06-06-113153.jpg" alt="SOLAR OPEN ACCESS MARKET REPORT " width="611" height="295" />
As of March 2024, the cumulative installed solar open access capacity stood at 14.3 GW.
Karnataka remained the top state for cumulative installations, accounting for nearly 30% of solar open access capacity added in the country as of March 2024. Maharashtra and Tamil Nadu ranked second and third, accounting for 13% and 11% of cumulative installations.
The pipeline of solar open access projects under development and in the pre-construction phase was over 18 GW as of March 2024. Almost 74% of pipeline projects were in Karnataka, Rajasthan, Maharashtra, Tamil Nadu, and Andhra Pradesh.
A detailed analysis of the solar open access market, retail electricity tariffs, PPA prices, and open access charges and costs for seventeen states has been covered in the report.
Key Highlights from Mercom India Research&#8217;s Q1 2024 India Solar Open Access Market Report
<ul>
<li>In Q1, 1.8 GW of solar open access was added, up 100% QoQ and 152% YoY</li>
<li>Rajasthan was the leading state, accounting for 28% of capacity additions in Q1 </li>
<li>Andhra Pradesh and Maharashtra contributed 21% and 12% to the quarter&#8217;s installations</li>
<li>As of March 2024, cumulative installed solar open access capacity was 14.3 GW</li>
<li>The top five states comprised over 71% of cumulative solar open access installations</li>
<li>As of March 2024, the pipeline of solar open access projects was 18 GW</li>
</ul>
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Contact Mercom for pricing: <a href="mailto:reports@mercomindia.com" target="_blank" rel="noopener noreferrer">reports@mercomindia.com</a> or call us at +91-80-41211148.
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Q1 2024 MERCOM INDIA SOLAR OPEN ACCESS MARKET REPORT - 1.8 GW INSTALLED IN Q1 2024

India added rooftop solar capacity totaling 367 megawatts (MW) in the first quarter (Q1) of the calendar year (CY) 2024. The installations fell nearly 10% quarter-over-quarter (QoQ) from 406 MW and over 24% year-over-year (YoY) from 485 MW, according to Mercom&#8217;s Q1 2024 India Rooftop Solar Market Report
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Capacity additions in the quarter fell as several residential consumers waited to add capacity under PM – SURYA GHAR: MUFT BIJLI YOJANA, which significantly increased the central subsidy for systems between 1 kW and 3 kW. The large number of applications received within a month of the launch of the program led to technical issues in application processing and delayed installations. Additionally, the rise in prices of modules complying with domestic content requirement (DCR) significantly affected the capacity additions under the SURYA Gujarat program, further impacting the quarterly capacity additions.
Installations under the capital expenditure (CAPEX) model accounted for 69% of the capacity additions in the quarter. Capacity additions under the operational expenditure or the renewable energy service company (OPEX/RESCO) model contributed to the rest.
The industrial segment led the quarterly capacity additions, comprising almost 57% of the installations. Commercial, residential, and government segments accounted for around 28%, 14%, and 1.1% of the capacity additions.
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Gujarat, Maharashtra, Haryana, Kerala, and Karnataka led the addition of rooftop solar capacity in the quarter. The top five states accounted for more than 67% of the quarter&#8217;s installations.
As of March 2024, India had a cumulative installed rooftop solar capacity of 10.8 GW.
Gujarat, Maharashtra, Rajasthan, Kerala, and Karnataka continued to be the leading states for cumulative installed rooftop solar capacity until March 2024.
The top 10 states comprised over 77% of the cumulative rooftop solar installations as of March 2024.
The average cost of rooftop solar systems fell for the sixth straight quarter and was down by more than 6% QoQ and nearly 22% YoY.
A comprehensive analysis of net metering policies across all Indian states and Union Territories is also included in the report.
Key Highlights from Mercom India Research&#8217;s Q1 2024 India Rooftop Solar Market Report
<ul>
<li>In Q1 2024, India added 367 MW of rooftop solar capacity, over a 24% drop YoY </li>
<li>Installations under the CAPEX model made up 69% of the quarter&#8217;s installation</li>
<li>Industrial consumers contributed to almost 57% of the installations in Q1 </li>
<li>Cumulative rooftop solar installations reached 10.8 GW as of March 2024</li>
<li>Gujarat and Maharashtra led the quarterly capacity additions and also remained the top states cumulatively</li>
<li>In Q1 2024, rooftop solar tenders totaled almost 817 MW, up 48% QoQ and 141% YoY</li>
<li>The average cost of rooftop solar systems fell 6% QoQ and nearly 22% YoY. </li>
</ul>
Contact Mercom for pricing: <a href="mailto:reports@mercomindia.com" target="_blank" rel="noopener noreferrer">reports@mercomindia.com</a> or call us at +91-080-41211148.
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MERCOM INDIA ROOFTOP SOLAR MARKET REPORT Q1 2024 – 367 MW INSTALLED IN Q1 2024

India installed over 10 gigawatts (GW) of solar capacity in the first quarter (Q1) of calendar year (CY) 2024, the highest amount to date for a quarter. Solar capacity additions rose 400% year-over-year (YoY) compared to over 2 GW installed in Q1 2023, according to the Q1 2024 India Solar Market Update Report by Mercom India Research
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Solar capacity additions were up 414% compared to nearly 2 GW added in Q4 2023.
Large-scale solar accounted for 9.7 GW, including 1.8 GW of open access solar projects. Solar capacity additions for large-scale projects rose 524% QoQ and 534% YoY.
<img loading="lazy" decoding="async" class="aligncenter wp-image-60583" style="width: 70%;" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/05/Screenshot-2024-05-22-152253.jpg" alt="Solar Installations by Quarter (MW)" width="577" height="263" />
In Q1 2024, solar project installations surged due to various factors, including the commissioning of projects that were delayed from earlier quarters. Developers capitalized on falling module prices, suspension of the Approved List of Models and Manufacturers (ALMM) order, and grid approvals of solar projects previously hindered by the habitat of the Great Indian Bustard (GIB).
Rajasthan and Gujarat led large-scale solar installations in the quarter, accounting for 38% and 35% of the capacity additions. Madhya Pradesh ranked third, with 8%.
The average cost of large-scale solar projects fell 7% QoQ and 28% YoY, significantly improving the internal rate of return on these projects.
As of March 2024, India&#8217;s cumulative installed solar capacity stood at 82 GW.
Rajasthan had the highest cumulative installed large-scale solar capacity, accounting for 29% of the country&#8217;s total installations until March 2024. Gujarat and Karnataka followed with 14% each.
India&#8217;s large-scale solar project pipeline stood at 143 GW, with another 93 GW of projects tendered and pending auction at the end of Q1 2024.
Key Highlights from Mercom India Research&#8217;s Q3 2023 India Solar Market Update:
<ul>
<li>India added over 10 GW of solar capacity in Q1 2024, up 414% QoQ and 400% YoY</li>
<li>Solar accounted for 66% of new power capacity additions in Q1 2024 </li>
<li>Large-scale solar accounted for 96% of the quarterly installations, while rooftop solar contributed the rest</li>
<li>Rajasthan, Gujarat, and Madhya Pradesh led the quarterly large-scale solar capacity additions</li>
<li>India&#8217;s cumulative installed solar capacity stood at 82 GW as of March 2024. </li>
<li>India&#8217;s large-scale solar project pipeline stood at 143 GW, with another 93 GW of projects tendered and pending auction</li>
<li>In Q1 2024, tenders totaling 30.7 GW were announced, up 92% QoQ and 122% YoY</li>
<li>Solar projects amounting to 25 GW were auctioned in Q1 2024, up 229% QoQ and 2,957% YoY</li>
</ul>
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Q1 2024 INDIA SOLAR MARKET UPDATE - 10 GW INSTALLED IN Q1 2024

Mercom&#8217;s India Solar Market Leaderboard report covers market shares and rankings across the Indian solar supply chain in the calendar year (CY) 2023. It provides the most accurate and comprehensive coverage of India&#8217;s solar industry leaders.
The report highlights significant changes in the market share of solar companies in a year heavily impacted by the extension of several large-scale solar and wind-solar hybrid projects and the delays caused by the lack of transmission and land. Several new companies have made it to the top ten list for the first time, reflecting a dynamic solar market with significant market opportunities.
&nbsp;
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Also, our <a href="https://www.mercomindia.com/product/mercoms-india-solar-market-share-tracker">Market Share Tracker</a>, which gives insights into your competitors and their growth rates on a quarterly basis, is available in an excel format.
The report covers:
<ul>
<li>Top Utility-Scale Project Developers</li>
<li>Top Rooftop Solar Installers</li>
<li>Top Utility-Scale Solar EPC Companies</li>
<li>Top Solar Inverter Suppliers</li>
<li>Top Cell and Module Suppliers</li>
<li>Top Cell and Module Manufacturers</li>
<li>Top Open Access Solar Developers</li>
<li>Top Solar Tracker Suppliers</li>
<li>Top Solar Module Mounting Structure Suppliers</li>
<li>Top Robotic Solar Module Cleaning System Suppliers</li>
</ul>
Companies Covered in the report include:
Adani Green Energy | NTPC Renewable Energy | ReNew | Tata Power Company | ACME Solar | Avaada Energy | NLC India Green Energy | Sprng Energy | Ayana Renewable Power | Azure Power | UPC Renewables | Gujarat State Electricity Corporation | Rising Sun Energy (Yinson Holdings) | SJVN | Aditya Birla Renewables | Refex Group | Tata Power Solar | Fourth Partner Energy | Amplus Solar | CleanMax Enviro Energy | Roofsol Energy | Mahindra Solarize | Sunsure Energy | Gensol Engineering | Orb Energy | Havells India | SUNKIND | Ratan Green Energy Services | Hartek Solar | Candi Solar | Enerparc Energy | Sterling and Wilson Renewable Energy | L&amp;T Construction | Vikram Solar | Rays Power Infra | Bharat Heavy Electricals | Waaree Renewable Technologies | Jakson Green | Essens Renewable | Oriano | Prozeal Green Energy | Solarworld Energy Solutions | KPI Green Energy | Addwatt Power Solutions | Sterling and Wilson Renewable Energy | Mahindra Susten | Sungrow Power Supply | FIMER India | Sineng Electric | Huawei Technologies | TBEA Energy India | TMEIC | Ginlong (Solis) Technologies | Growatt New Energy | GoodWe | Hitachi Hi-Rel Power Electronics | SOFAR | NingBo Deye Inverter Technology | SolaX Power | Jinko Solar | LONGi Green Energy Technology | Trina Solar | JA Solar | Adani Solar | Waaree Energies | Canadian Solar | Risen Energy | ReneSola | Premier Energies | Saatvik Green Energy | Znshine Solar | Rayzon Solar | Goldi Solar | Gautam Solar | Emmvee Photovoltaic Power | Jakson Engineers | Econess Energy | SolarSpace | Lianyungang Shenzhou New Energy | CECCP Solar Energy | Jinneng Clean Energy Technology | First Solar | Canadian Solar | REC Solar | Aiko Solar | T.S Solar Energy | Tongwei Solar | Anhui Yingfa Desheng Technology | Lishui Zhanxin Import and Export | Guangdong Jinwan Gaojing Solar Energy Technology | Imperial Star Solar | Solar Long PV-Tech Cambodia | First Solar Power India | RenewSys India | Grew Energy | Pahal Solar | BVG Clean Energy | IB Solar | Insolation Energy | Australian Premium Solar | Novasys Geenergy | Icon Solar-en Power Technologies | Solarium Green Energy | Senza Solar | Cosmic PV Power | Aditi Solar | Panasonic Life Solutions | Powermax Energies | Jupiter International | Surana Solar | Euro Multivision | Bharat Electronics | Central Electronics | Arctech | GameChange Solar | Nextracker | Scorpius Trackers | SmartTrak Solar Systems | Photon Solar | Ganges Internationale | Deccan Energy | Purshotam Profiles | Goodluck India | SNS Corporation | Strolar Mounting Systems | Metalkraft Forming Industries | Bhavita Engineering | Raydean Industries | MTE Structures | ISHKON Industries | AmpIn Energy Transitions | O2 Power | Continuum Green Energy | Radiance Renewables | Velan Infra Project | Aegeus Technologies | Langfang Sol-Bright Photovoltaic Technology | Solabot Technologies | Airtouch Solar | Ecoppia | Skilancer Solar | LEAPTING | Vayu Solar | Photom Technologies | Restech Technologies (BloKleen Solar) | Solavio Labs
Know your competition and stay ahead of the game, get your copy of the Mercom India Solar Market Leaderboard report today!
Call us for pricing and details: +91.80.4121.1148 or email us at: <a href="mailto:info@mercomindia.com">info@mercomindia.com</a>.
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Mercom's India Solar Market Leaderboard 2024: Market Shares and Profiles

In calendar year (CY) 2023, the country added 20.8 gigawatts (GW) of solar modules and 3.2 GW of solar cell capacity, according to Mercom India&#8217;s State of Solar PV Manufacturing in India 2024 report.
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Manufacturing capacity additions in 2023 were primarily driven by the anticipated reimposition of the Approved List of Models and Manufacturers (ALMM) order starting in April 2024, as well as potential export opportunities.
The country&#8217;s cumulative solar module manufacturing capacity reached 64.5 GW, and solar cell manufacturing capacity totaled 5.8 GW as of December 2023.
The top 10 manufacturers accounted for 62% of the module and 100% of cell production capacity as of December 2023.
About 60% of the installed module manufacturing capacity was equipped to manufacture solar modules in M10 and G12 wafer sizes. Only 22.2 GW of the total module production capacity was enlisted under the ALMM order per the updated List–I issued by MNRE as of January 2024.
Monocrystalline modules accounted for 67.5% of the country&#8217;s module production capacity, followed by polycrystalline, Tunnel Oxide Passivated Contact (TOPCon), and thin film modules.
<img loading="lazy" decoding="async" class="wp-image-48278 aligncenter" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/03/Screenshot-2024-03-28-123217.jpg" alt="Solar Module Manufacturing Forecast (MW)_23 01 23" width="686" height="342" />
Gujarat led the country&#8217;s photovoltaic (PV) manufacturing capacity, accounting for 46.1% of solar modules. Telangana accounted for 39% of annual solar cell production capacity, the highest in the country as of December 2023.
Module manufacturing capacity is projected to surpass 150 GW, and cell capacity is expected to reach over 75 GW by 2026.
Based on the current pipeline, monocrystalline modules are anticipated to represent 59.7% of the annual module production capacity and 50.5% of the cell production capacity by 2026, followed by TOPCon, Heterojunction (HJT), and other technologies.
Various public sector and government entities issued tenders totaling 9.7 GW to procure solar modules in 2023, up 275.6% YoY.
India imported 16.2 GW of modules, the highest in a year, up 158% YoY from 10.3 GW in 2022. Domestic manufacturers exported 4.8 GW of solar modules in 2023, up 204% compared to 1.6 GW in 2022.
India imported 15.6 GW of solar cells in CY 2023, up 169% YoY from 5.8 GW. India&#8217;s solar cell exports reached 286.3 MW in 2023, up 2,765% from 10 MW in 2022.
Key Highlights from Mercom India Research&#8217;s State of Solar PV Manufacturing in India 2023 Report:
<ul>
<li>India added 20.8 GW of module capacity and 3.2 GW of cell capacity in CY 2023</li>
<li>The country&#8217;s solar module and cell capacity is expected to exceed over 150 GW and 75 GW by 2026</li>
<li>The top three states for solar module manufacturing were Gujarat, Rajasthan, and Tamil Nadu</li>
<li>Telangana, Gujarat, and Himachal Pradesh were the top three states for solar cell manufacturing capacity</li>
<li>In 2023, various public sector and government entities issued 9.7 GW of tenders to procure solar modules</li>
<li>India&#8217;s solar PV module and cell imports were up 158% and 169%, respectively</li>
<li>India&#8217;s solar PV module and cell exports were up 204% and 2,765%, respectively</li>
</ul>
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State of Solar PV Manufacturing in India 2024 – 20.8 GW Added In 2023

In calendar (CY) 2023, India added 3.2 gigawatts (GW) of solar open access capacity, an increase of 5.7% compared to the 3 GW installed in 2022, a record for annual installations, according to 2023 Q4 &amp; Annual Mercom India Solar Open Access Market Report.
The extension of the Approved List of Models and Manufacturers (ALMM) order until March 2024 and falling module prices spurred commercial and industrial (C&amp;I) consumers to commission pending projects and sign new PPAs. Declining system costs, favorable policies, and the Green Energy Open Access Rules in several states fueled solar installations through the open access market in 2023.
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://www.mercomindia.com/product-form/q4-2023-mercom-india-solar-open-access-market-report-executive-summary-form" rel="noopener noreferrer">Download Executive Summary</a></div>
Karnataka led all states and accounted for 27.9% of open access solar capacity in 2023. Gujarat and Maharashtra followed with 16.4% and 16.2% share of annual installations, respectively. The top five states accounted for 84.1% of the total installations in the year.
<img loading="lazy" decoding="async" class="aligncenter size-full wp-image-60862" style="width: 70%;" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/03/openaccess.jpg" alt="" width="969" height="449" />
India added 831.2 MW of open access solar in Q4 2023, a 22.8% quarter-over-quarter (QoQ) drop, but up 6.2% year-over-year (YoY) compared to 782.5 MW in Q4 2022.
While lower PPA prices resulted in higher capacity additions YoY, installations dropped QoQ as several developers completed their projects in Q3 and signed new PPAs in Q4, which are expected to increase capacity additions in the upcoming quarters.
In Q4 2023, Tamil Nadu led all states, accounting for 24.8% of total open access solar installations. Rajasthan ranked second and Karnataka third with a 23.3% and 15.8% share of total capacity additions in Q4, respectively.
The top five states accounted for 83.6% of solar open access installations in Q4 2023.
A detailed analysis of the solar open access market, retail electricity tariffs, and open access charges and costs for seventeen states has been covered in the report.
The average PPA prices, net landed cost, banking regulations, short-term transactions, and open access policies and regulations released in Q4 2023 are also featured in the report.
Key Highlights from Mercom India Research&#8217;s Q4 2023 India Solar Open Access Market Report
<ul>
<li>India added over 3.2 GW open access solar in CY 2023, up 5.7% from the 3 GW installed in 2022</li>
<li>Karnataka led all states, contributing 27.9% of new open access solar capacity in 2023</li>
<li>India added 831.2 MW of open access solar in Q4 2023, a 22.8% QoQ drop from 1,077 MW installed in Q3 2023</li>
<li>The total installed solar capacity in the open access segment stood at 12.2 GW as of December 2023</li>
<li>13.9 GW of open access solar projects were in the development pipeline at the end of CY 2023</li>
</ul>
<img loading="lazy" decoding="async" class="aligncenter wp-image-60617" style="width: 70%;" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/03/infographic-final-1-01-scaled.jpg" alt="Q4 2023 India Solar Open Access Market Update_Inforgraphics" width="605" height="699" />
Contact Mercom for pricing: <a href="mailto:reports@mercomindia.com" target="_blank" rel="noopener noreferrer">reports@mercomindia.com</a> or call us at +91-80-41211148.
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2023 Q4 AND ANNUAL MERCOM INDIA SOLAR OPEN ACCESS MARKET REPORT – 3.2 GW INSTALLED IN 2023

In calendar year (CY) 2023, India added 1.7 gigawatts (GW) of rooftop solar, up 3.7% compared to 1.6 GW installed in 2022, according to Mercom India Research&#8217;s ‘2023 Q4 &amp; Annual Mercom India Rooftop Solar Market Report&#8217;.
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://www.mercomindia.com/product-form/q4-2023-mercom-india-rooftop-solar-market-report-executive-summary-form" rel="noopener noreferrer">Download Executive Summary</a></div>
The residential segment primarily drove capacity additions in 2023. However, the growth was marginal as several commercial and industrial (C&amp;I) consumers waited for module prices to stabilize to lower their capital investments.
The residential segment accounted for over half of the capacity additions in 2023, followed by C&amp;I segments.
<img loading="lazy" decoding="async" class="aligncenter size-full wp-image-60862" style="width: 70%;" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/02/rooftop.jpg" alt="" width="969" height="449" /> 
In the fourth quarter (Q4) of 2023, 406 megawatts (MW) of rooftop solar was added, a 5.8% drop quarter-over-quarter (QoQ) from 431 MW in Q3 2023. Installations were down 15.9 % year-over-year (YoY) compared to 483 MW in Q4 2022.
The average cost of rooftop solar systems fell for the fifth straight quarter. In Q4 2023, the average rooftop solar system costs fell 10% QoQ and 21.6% YoY.
India&#8217;s cumulative rooftop solar installations reached 10.5 GW at the end of Q4 2023.
Gujarat continued to be the leading state, accounting for 27.3% of cumulative solar rooftop installations, followed by Maharashtra and Rajasthan, with 13.3% and 8.1%, respectively.
The top 10 states accounted for 77.3% of cumulative rooftop solar installations as of December 2023.
A comprehensive analysis of net metering policies across all Indian states and Union Territories is also included in the report.
Key Highlights from the 2023 Q4 &amp; Annual Mercom India Rooftop Solar Market Report
<ul>
<li style="list-style-type: none;">
<ul>
<li>In 2023, India added 1.7 GW of rooftop solar capacity, up 3.7% YoY</li>
<li>Residential consumers accounted for 50.5% of the capacity additions in 2023, followed by C&amp;I</li>
<li>In Q4 2023, India added 406 MW of rooftop solar capacity, down 5.8% QoQ and 15.9% YoY</li>
<li>In Q4 2023, average rooftop solar system costs fell 10% QoQ and 21.6% YoY</li>
<li>Cumulative rooftop solar installations reached 10.5 GW as of December 2023</li>
<li>Gujarat was the top state cumulative rooftop solar installations, followed by Maharashtra and Rajasthan</li>
</ul>
</li>
</ul>
Contact Mercom for pricing: <a href="mailto:reports@mercomindia.com" target="_blank" rel="noopener noreferrer">reports@mercomindia.com</a> or call us at +91-080-41211148.

2023 Q4 AND ANNUAL MERCOM INDIA ROOFTOP SOLAR MARKET REPORT – 1.7 GW INSTALLED IN 2023

&nbsp;
India installed 7.5 gigawatts (GW) of solar capacity in the calendar year (CY) 2023, a 44.1% decrease year-over-year (YoY) from 13.4 GW installed in CY 2022, according to recently released Q4 &amp; Annual 2023 India Solar Market Update by Mercom India Research.
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://www.mercomindia.com/product-form/q4-2023-india-solar-market-update-executive-summary-form" rel="noopener noreferrer">Download Executive Summary</a></div>
In 2023, large-scale solar installations fell 50.8% YoY to 5.8 GW from 11.7 GW in 2022. Large-scale solar accounted for 77.2% of the annual capacity additions, and rooftop solar contributed 22.8%. In Q4 2023, India added 1.8 GW of solar capacity, a 6.6% drop from 1.9 GW installed in Q3 2023. Installations fell 41.3% from. 3.1 GW in Q4 2022. Large-scale solar projects contributed 77.4% to the quarter&#8217;s capacity additions, and rooftop solar 22.6%.
As of December 2023, the cumulative installed solar capacity stood at 72 GW.
<img loading="lazy" decoding="async" class="aligncenter wp-image-60583" style="width: 70%;" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/02/Solar-market.jpg" alt="Annual Solar Installations (MW)" width="577" height="263" />
Delayed large-scale projects auctioned by Solar Energy Corporation of India (SECI), NHPC, NTPC, and Indian Renewable Energy Development Agency (IREDA), which were granted extensions between December 2022 and June 2023, would likely contribute significantly to capacity additions in 2024, raising the annual installation numbers.
Average large-scale solar system costs dropped through 2023. Q4 2023 recorded the lowest-ever quarterly average project cost since the onset of large-scale solar capacity additions in the country. Average large-scale system costs in Q4 2023 fell 14.3% quarter-over-quarter (QoQ) and 26.6% YoY.
Rajasthan, Karnataka, and Gujarat were the top three states for cumulative large-scale solar capacity, accounting for 54.8% of installations in the country as of December 2023.
Key Highlights from Mercom India Research’s Q4 &amp; Annual 2023 India Solar Market Update:
<ul>
<li>India added 7.5 GW of solar in CY 2023, a 44.1% drop from 13.4 GW installed in CY 2022 </li>
<li>In Q4 2023, India added 1.8 GW of solar, down 6.6% QoQ and 41.3% YoY</li>
<li>The cumulative installed solar capacity in India reached nearly 72 GW as of December 2023</li>
<li>India&#8217;s large-scale solar project pipeline stood at 105.3 GW, with another 70.6 GW of projects tendered and pending auction</li>
<li>Rajasthan, Karnataka, and Gujarat were the top three states for cumulative large-scale solar installations </li>
<li>Solar accounted for 48.5% of new power capacity additions in 2023 </li>
<li>Renewable energy sources accounted for 68.2% of new power capacity added in 2023</li>
</ul>
<img loading="lazy" decoding="async" class="aligncenter wp-image-60617" style="width: 70%;" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2024/02/Info-8-Final-scaled.jpg" alt="Q4 2023 India Solar Market Update_Inforgraphics" width="605" height="699" />
Contact Mercom for pricing: <a href="mailto:reports@mercomindia.com" target="_blank" rel="noopener noreferrer">reports@mercomindia.com</a> or call us at +91-080-41211148 or +91-080-23560436.
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2023 Q4 AND ANNUAL INDIA SOLAR MARKET UPDATE - 1.8 GW INSTALLED IN Q4 2023

In the third quarter (Q3) of the calendar year (CY) 2023, India added 907 megawatts (MW) of solar open access. The installations rose 36.1% quarter-over-quarter (QoQ) compared to 666 MW in Q2 2023. Installations were up 20.6% year-over-year (YoY) compared to 752 MW installed in Q3 2022, according to the newly released Q3 2023 Mercom India Solar Open Access Market Report.
In the first nine months (9M) of CY 2023, India added 2.2 GW of open access solar, down 7.3% compared to 2.3 GW installed in 9M 2022.
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://www.mercomindia.com/product-form/q3-2023-mercom-india-solar-open-access-market-report-executive-summary-form" rel="noopener noreferrer">Download Executive Summary</a></div>
As of September 2023, the country&#8217;s cumulative installed open access solar capacity was 11 GW. The top five states contributed 72.8% of the cumulative open access solar installations.
India had 12.5 GW of open access solar projects under various stages of development at the end of Q3 2023.
<img loading="lazy" decoding="async" class="aligncenter wp-image-61079" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/12/Open-Access-Solar-Quarterly-Installations-MW.png" alt="Open Access Solar Quarterly Installations (MW)" width="611" height="295" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/12/Open-Access-Solar-Quarterly-Installations-MW.png 936w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/12/Open-Access-Solar-Quarterly-Installations-MW-300x145.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/12/Open-Access-Solar-Quarterly-Installations-MW-768x371.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/12/Open-Access-Solar-Quarterly-Installations-MW-650x314.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/12/Open-Access-Solar-Quarterly-Installations-MW-624x301.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/12/Open-Access-Solar-Quarterly-Installations-MW-600x290.png 600w" sizes="auto, (max-width: 611px) 100vw, 611px" />
&#8220;The drop in solar project costs attracted consumer attention this quarter. Power purchase agreements that were on the back burner are now being signed. Emphasis on greening products and services has gained momentum in large and medium-scale enterprises and is pushing the growth of green energy open access market,&#8221; commented Priya Sanjay, Managing Director at Mercom India.
Maharashtra led the open access solar capacity additions in Q3 2023, with 26.5%, followed by Karnataka (20.3%) and Tamil Nadu (19.5%). The top five states accounted for 88.5% of the quarter&#8217;s installations.
Karnataka remained the top state, accounting for 33.3% of the cumulative solar open access capacity at the end of 9M 2023. The top five states contributed 72.8% of the cumulative open access solar installations.
According to the report, Renewable Energy Certificates (REC) trading in the Indian Energy Exchange (IEX) was up 59% compared to the previous quarter. The volume traded in the Green Term Ahead Market (G-TAM) on IEX increased 55% QoQ.
A detailed analysis of the solar open access business overview, retail electricity tariffs, and open access charges and costs for seventeen states has been covered in the report.
The report also highlights the views and opinions of the top open access installers nationwide during the quarter.
Key Highlights from Mercom India Research&#8217;s Q3 2023 India Solar Open Access Market Report
<ul>
<li>India added 907 MW of open access solar capacity in Q3 2023, up 36.1% QoQ and 20.6% YoY</li>
<li>Maharashtra added the highest open access solar capacity in Q3 2023</li>
<li>The top five states accounted for 88.5% of open access solar installations in the quarter</li>
<li>Open access solar installations in 9M 2023 totaled 2.2 GW, down nearly 7.3% YoY</li>
<li>As of September 2023, the cumulative installed open access solar capacity was 11 GW</li>
<li>12.5 GW of open access solar projects were in the development pipeline at the end of 9M 2023</li>
</ul>
Contact Mercom for pricing: <a href="mailto:reports@mercomindia.com" target="_blank" rel="noopener noreferrer">reports@mercomindia.com</a> or call us at +91-80-41211148.
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Q3 2023 MERCOM INDIA SOLAR OPEN ACCESS MARKET REPORT – 907 MW INSTALLED IN Q3 2023

In the third quarter (Q3) of calendar year (CY) 2023, 431 megawatts (MW) of rooftop solar capacity was added. Installations were up 11.4% compared to 388 MW in Q2 2023. Year-over-year (YoY), installations increased by 34.7% from 320 MW, according to the newly released report by Mercom India Research: Q3 2023 Mercom India Rooftop Solar Market Report.
In the quarter, the majority of installations were in the residential segment, followed by the commercial and industrial (C&amp;I) market segments.
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://www.mercomindia.com/product-form/q3-2023-mercom-india-rooftop-solar-market-report-executive-summary-form" rel="noopener noreferrer">Download Executive Summary</a></div>
In the first nine months (9M) of 2023, 1.3 GW of solar rooftop capacity was added, an 11.8% growth compared to 1.2 GW in 9M 2022. 
India&#8217;s cumulative rooftop solar capacity reached 10.1 gigawatts (GW) at the end of Q3 2023.
<img loading="lazy" decoding="async" class="aligncenter size-full wp-image-60862" style="width: 70%;" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/11/Picture1-9.png" alt="" width="969" height="449" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/11/Picture1-9.png 969w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/11/Picture1-9-300x139.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/11/Picture1-9-768x356.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/11/Picture1-9-650x301.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/11/Picture1-9-624x289.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/11/Picture1-9-600x278.png 600w" sizes="auto, (max-width: 969px) 100vw, 969px" /> 
&#8220;We are starting to see a surge in momentum in rooftop installations. The significant drop in module prices has reached a turning point, sparking increased procurement activities that offer attractive returns for rooftop solar investments. We foresee two very robust quarters coming up,&#8221; said Raj Prabhu, CEO of Mercom Capital Group.
Gujarat, Maharashtra, and Kerala were the top three states for solar capacity additions in Q3 2023, accounting for more than 81% of the total.
Gujarat continued to lead in rooftop solar installations, contributing to 26.7% of the cumulative installations, followed by Maharashtra (13.5%) and Rajasthan (8.3%). The top 10 states accounted for around 77% of the cumulative rooftop solar installations as of September 2023.
Comprehensive details of net metering policies across all Indian states and Union Territories are also included in the report.
Key Highlights from Mercom India Research&#8217;s Q3 2023 India Rooftop Solar Market Report
<ul>
<li>In Q3 2023, India added 431 MW of rooftop solar capacity</li>
<li>Residential consumers accounted for 43%, industrial consumers 19%, and commercial consumers 37% of the quarterly capacity additions</li>
<li>In 9M 2023, 1.3 GW of solar rooftop capacity was added, up nearly 12% YoY</li>
<li>Cumulative rooftop solar installations reached over 10 GW as of September 2023</li>
<li>The top 10 states accounted for 77% of cumulative installed rooftop solar capacity</li>
<li>Gujarat was the leading state for cumulative rooftop solar installations, followed by Maharashtra and Rajasthan</li>
<li>Rooftop solar system costs dropped 5.1% QoQ and 13.4% YoY</li>
</ul>
Contact Mercom for pricing: <a href="mailto:reports@mercomindia.com" target="_blank" rel="noopener noreferrer">reports@mercomindia.com</a> or call us at +91-080-41211148.
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MERCOM INDIA ROOFTOP SOLAR MARKET REPORT Q3 2023 – 431 MW INSTALLED IN Q3 2023

&nbsp;
During the first nine months (9M) of 2023, 5.6 GW of solar was installed in India. Solar capacity additions fell nearly 47% compared to 10.5 GW installed in 9M 2022, according to the newly released Q3 2023 India Solar Market Update by Mercom India Research. Utility-scale installations dropped more than 54% year-over-year (YoY) to 4.2 GW.
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://www.mercomindia.com/product-form/q3-2023-india-solar-market-update-executive-summary-form/" rel="noopener noreferrer">Download Executive Summary</a></div>
In Q3 2023, India added 1.9 GW of solar capacity. The installations increased almost 6% quarter-over-quarter (QoQ) but dropped nearly 34% YoY. The country&#8217;s cumulative installed solar capacity, including total rooftop solar installations, surpassed 69 GW as of September 2023.
Large-scale solar projects accounted for nearly 77% of capacity additions in Q3 2023, with rooftop solar making up the rest (23%). Over 1.4 GW of large-scale solar was added in the quarter, up 4.1% QoQ but down nearly 43% YoY.
The country&#8217;s utility-scale solar development pipeline stood at nearly 77 GW as of September 2023, and over 68 GW of projects tendered were pending auction at the end of Q3 2023.
<img loading="lazy" decoding="async" class="aligncenter wp-image-60583" style="width: 70%;" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/11/Solar-Installations-by-Quarter-MW.png" alt="Solar Installations by Quarter (MW)" width="577" height="263" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/11/Solar-Installations-by-Quarter-MW.png 1031w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/11/Solar-Installations-by-Quarter-MW-300x137.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/11/Solar-Installations-by-Quarter-MW-768x350.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/11/Solar-Installations-by-Quarter-MW-650x296.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/11/Solar-Installations-by-Quarter-MW-624x284.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/11/Solar-Installations-by-Quarter-MW-600x274.png 600w" sizes="auto, (max-width: 577px) 100vw, 577px" />
Extensions granted to several large-scale solar and hybrid power projects and those facing delays due to land and transmission issues primarily affected installations in 9M 2023. The challenges in securing transmission connectivity increased further with the change in project timelines considered for the grant of connectivity under the amended GNA regulations. During Q3, the project developers also lacked clarity on application procedures under the amended regulations for long-term access to transmission networks. However, the Central Electricity Regulatory Commission issued clarifications towards the quarter&#8217;s end, which is expected to ease the process over the next few quarters. Several projects stuck in the habitat of the Great Indian Bustard (GIB) are still waiting for the Supreme Court order to receive transmission connectivity.
In Q3 2023, Gujarat led all states, accounting for over 24% of large-scale solar installations. Karnataka and Maharashtra followed, accounting for more than 19% and nearly 18% of quarterly capacity additions.
Rajasthan remained the leading state for cumulative large-scale solar installations, adding nearly 17 GW at the end of Q3 2023, accounting for over 28%. Karnataka and Gujarat came in next with almost 16% and 11% share, respectively.
Average large-scale solar project costs fell 4.9% QoQ and 13.4% YoY. Project costs have decreased for three quarters in a row beginning in Q1 2023 after rising for ten consecutive quarters.
In 9M 2023, India added over 12 GW of new power capacity, with solar accounting for nearly 46% of the total.
Key Highlights from Mercom India Research&#8217;s Q3 2023 India Solar Market Update:
<ul>
<li>In 9M 2023, India added 5.6 GW of solar capacity, an almost 47% drop YoY. </li>
</ul>
<ul>
<li>In Q3 2023, 1.9 GW of solar was installed, a nearly 6% increase QoQ and 34% drop YoY.</li>
<li>Large-scale solar installations accounted for almost 77%, and rooftop solar accounted for 23%.</li>
<li>In Q3 2023, Gujarat was the top state for large-scale solar installations, followed by Karnataka.</li>
<li>Cumulative installed solar capacity surpassed 69 GW as of September 2023. </li>
<li>The utility-scale project development pipeline stood at almost 77 GW as of September 2023.</li>
<li>Solar accounted for nearly 46% of new power capacity added in 9M 2023.</li>
</ul>
<img loading="lazy" decoding="async" class="aligncenter wp-image-60617" style="width: 70%;" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/11/Q3-2023-India-Solar-Market-Update_Inforgraphics-scaled.jpg" alt="Q3 2023 India Solar Market Update_Inforgraphics" width="605" height="699" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/11/Q3-2023-India-Solar-Market-Update_Inforgraphics-scaled.jpg 2218w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/11/Q3-2023-India-Solar-Market-Update_Inforgraphics-260x300.jpg 260w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/11/Q3-2023-India-Solar-Market-Update_Inforgraphics-1733x2000.jpg 1733w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/11/Q3-2023-India-Solar-Market-Update_Inforgraphics-768x887.jpg 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/11/Q3-2023-India-Solar-Market-Update_Inforgraphics-1331x1536.jpg 1331w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/11/Q3-2023-India-Solar-Market-Update_Inforgraphics-1774x2048.jpg 1774w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/11/Q3-2023-India-Solar-Market-Update_Inforgraphics-650x750.jpg 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/11/Q3-2023-India-Solar-Market-Update_Inforgraphics-624x720.jpg 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/11/Q3-2023-India-Solar-Market-Update_Inforgraphics-600x693.jpg 600w" sizes="auto, (max-width: 605px) 100vw, 605px" />Contact Mercom for pricing: <a href="mailto:reports@mercomindia.com" target="_blank" rel="noopener noreferrer">reports@mercomindia.com</a> or call us at +91-080-41211148 or +91-080-23560436.
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Q3 2023 INDIA SOLAR MARKET UPDATE - 1.9 GW INSTALLED IN Q3 2023

&nbsp;
Mercom India’s  Solar Market Leaderboard 1H 2023 report covers market share and rankings across the Indian solar supply chain in the first half (1H) of the calendar year 2023. It provides the most accurate and comprehensive coverage of India’s solar industry leaders.
The report underscores notable shifts in market share across ten categories compared to the previous year and provides a clear view of which companies are surging and who fell behind. Several Indian companies have made it to the top ten list for the first time, and the leaders continue to change in a market with significant opportunities for growth.
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://www.mercomindia.com/product-form/india-solar-market-leaderboard-1H-2023-executive-summary-form" rel="noopener noreferrer">Download Executive Summary</a></div>
Also, our <a href="https://mercomindia.com/product/mercoms-india-solar-market-share-tracker/" target="_blank" rel="noopener noreferrer">Market Share Tracker</a>, which gives insights into your competitors and their growth rates on a quarterly basis, is available in an Excel format.
The report covers:
<ul>
<li>Top Utility-Scale Project Developers</li>
<li>Top Rooftop Solar Developers</li>
<li>Top Large-scale EPC Companies</li>
<li>Top Central Inverter Suppliers</li>
<li>Top String Inverter Suppliers</li>
<li>Top Solar Module and Cell Suppliers</li>
<li>Top Solar Module and Cell Manufacturers</li>
<li>Top Solar Module Exporters</li>
<li>Top Solar Tracker Suppliers</li>
<li>Top Solar Module Mounting Structure Suppliers</li>
<li>Top Open Access Project Developers</li>
<li>Top Robotic Module Cleaning System Suppliers</li>
</ul>
Companies Covered in the Report Include:
Adani Green Energy | NTPC Renewable Energy | Azure Power | ReNew | Tata Power Renewables | Greenko | ACME Solar | Avaada Energy | NLC India Green Energy | Hero Future Energies | UPC Renewables | Sprng Energy | Aditya Birla Renewables | Solarpack | Gujarat State Electricity Corporation | GRE Renew Enertech | SJVN | Ayana Renewable Power | O2 Power | Tata Power Solar | Fourth Partner Energy | Amplus Solar | Sunsure Energy | Prozeal Green Energy | Radiance Renewables | Orb Energy | SunSource Energy | Cleantech Solar | U-Solar Clean Energy Solutions | Havells India | Enerparc Energy | Hartek Solar | Ratan Green Energy Services | Roofsol Energy | Mahindra Solarize | Kalpa Power | Sterling and Wilson | L&amp;T Construction | Vikram Solar | Rays Power Infra | Bharat Heavy Electricals | Jakson Solar | Essens Renewables (BELECTRIC) | Waaree Renewable Technologies | Refex Renewables &amp; Infrastructure | Opera Energy | InSolare Energy | KPI Green Energy | Addwatt Power Solutions | Everrenew | Universal MEP Projects &amp; Engineering Services (Voltas) | Mahindra Susten | Sungrow Power Supply | FIMER India | Sineng Electric | Huawei | Toshiba Mitsubishi-Electric Industrial Systems (TMEIC) | SMA Solar | Ginlong (Solis) Technologies | Growatt New Energy | Hitachi Hi-Rel Power Electronics | GoodWe | SOFAR Solar | NingBo Deye Inverter Technology | SolaX Power | Fox ESS | LONGi Solar | Jinko Solar | Trina Solar | JA Solar | Adani Solar | Waaree Energies | Canadian Solar | Vikram Solar | Risen Energy | Znshine Solar | Premier Energies | Saatvik Green Energy | Rayzon Solar | ReneSola | First Solar | Gautam Solar | Icon Solar-En Power | Senza Solar | Apex Exports | Insolation Energy | Pahal Solar | REC Solar | Jiangsu Huaheng New Energy | Aiko Solar Energy Technology | Tongwei Solar | Solar Long PV Tech | Green Power Energy Technology | Imperial Star Solar | Anhui Yingfa Deshseng Technology | Lishui Zhanxin Import &amp; Export | T.S Solar Energy | RenewSys India | Goldi Solar | Emmvee Photovoltaic Power | Jupiter International | Surana Solar | Euro Multivision | Central Electronics | Arctech | NEXTracker | Scorpius Trackers | SmartTrak Solar Systems | Photon Solar | Ganges Internationale | Deccan Rays Solar &amp; Energy Projects | Petawatts Solar Solutions | ASUN Trackers | Purshotam Profiles | Goodluck India | SNS Corporation | Strolar Mounting Systems | Metalkraft Forming Industries | Bhavita Engineering | Voltas | Raydean Industries | ISHKON Industries | Solar Mounting System Solutions | Patny Systems | Cleanmax Enviro Energy | Hinduja Renewables Energy | Vibrant Energy | JSW Energy | AmpIn Energy Transition | Swelect Energy | Aegeus Technologies | Langfang Sol-Bright Photovoltaic Technology | Solabot Technologies | Ecoppia | Airtouch Solar | Skilancer Solar | Vayu Solar | Photom Technologies | BloKleen Solar | Exosolar | LEAPTING | Fabtru Innovation
Know your competition and stay ahead of the game. Get your market share report today!
Call us for pricing and details: +91.80.2356.0436, +91.80.4121.148, or email: <a href="mailto:info@mercomindia.com">info@mercomindia.com</a>.
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Mercom's India Solar Market Leaderboard 1H 2023: Market Shares and Profiles

In the second quarter (Q2) of the calendar year (CY) 2023, India added 712 megawatts (MW) of solar open access. The installations were up almost 24% quarter-over-quarter (QoQ) compared to 577 MW installed in Q1 2023. Year-over-year (YoY) installations fell by 3.6% compared to 739 MW installed in Q2 2022, according to the newly released Q2 2023 Mercom India Solar Open Access Market Report.
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://www.mercomindia.com/product-form/q2-2023-mercom-india-solar-open-access-market-report-executive-summary-form" rel="noopener noreferrer">Download Executive Summary</a></div>
&nbsp;
In the first half (1H) of CY 2023, India added 1.3 GW of open access solar, down almost 18% compared to 1.6 GW installed in 1H 2022.
As of June 2023, the country&#8217;s cumulative installed open access solar capacity was 9.8 GW.
<img loading="lazy" decoding="async" class="aligncenter size-full wp-image-58357" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/09/Open-Access-Quarterly-Installations-MW.png" alt="Open Access Quarterly Installations (MW)" width="975" height="470" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/09/Open-Access-Quarterly-Installations-MW.png 975w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/09/Open-Access-Quarterly-Installations-MW-300x145.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/09/Open-Access-Quarterly-Installations-MW-768x370.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/09/Open-Access-Quarterly-Installations-MW-650x313.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/09/Open-Access-Quarterly-Installations-MW-624x301.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/09/Open-Access-Quarterly-Installations-MW-600x289.png 600w" sizes="auto, (max-width: 975px) 100vw, 975px" />
Karnataka remained the top state, accounting for over 34% of the cumulative solar open access capacity. The top five states contributed almost 73% of the cumulative open access solar installations.
India had 9.2 GW of open access solar projects under various stages of development at the end of Q2 2023.
&#8220;The green energy open access regulation has been a major enabler for increased solar capacity addition under open access, even with the lack of uniform rules in states being a challenge. Hybrid power projects with a combination of solar, wind, and even energy storage are proving to be sound investments for corporates&#8221; commented Priya Sanjay, Managing Director at Mercom India.
Karnataka was the top energy seller, and Maharashtra was the leading Green Day Ahead Market (G-DAM) procurer.
According to the report, Renewable Energy Certificates (REC) trading in the Indian Energy Exchange (IEX) dropped by almost 47% compared to the previous quarter. The volume traded in the Green Term Ahead Market (G-TAM) on the IEX fell nearly 20% QoQ.
The average PPA prices, net landed costs, and open access policies and regulations released in Q2 2023 are featured in the report, along with a detailed analysis of the solar open access business overview, retail electricity tariffs, and open access charges and costs for seventeen states.
The report also highlights the views and opinions of the top open access installers nationwide during the quarter.
Key Highlights from Mercom India Research&#8217;s Q2 2023 India Solar Open Access Market Report 
<ul>
<li>India added 712 MW of open access solar capacity in Q2 2023, up almost 24% QoQ and down 3.6% YoY </li>
<li>Gujarat added the highest open access solar capacity in Q2 2023 </li>
<li>The top five states accounted for over 96% of open access solar installations in the quarter </li>
<li>Open access solar installations in 1H 2023 totaled 1.3 GW, down nearly 18% YoY </li>
<li>As of June 2023, the cumulative installed open access solar capacity was 9.8 GW </li>
<li>2 GW of open access solar projects were in the development pipeline at the end of 1H 2023 </li>
</ul>
Contact Mercom for pricing: <a href="mailto:reports@mercomindia.com" target="_blank" rel="noopener noreferrer">reports@mercomindia.com</a> or call us at +91-80-41211148.
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Q2 2023 MERCOM INDIA SOLAR OPEN ACCESS MARKET REPORT – 712 MW INSTALLED IN Q2 2023

&nbsp;
In the second quarter (Q2) of the calendar year (CY) 2023, India added 387 megawatts (MW) of rooftop solar capacity, accounting for almost 23% of total solar installations. Rooftop solar installations fell 20% compared to 485 MW in Q1 2023. Year-over-year (YoY), installations dropped 0.5%, according to the newly released report by Mercom India Research: Q2 2023 Mercom India Rooftop Solar Market Report.
During the quarter, capacity additions by residential consumers accounted for 54%, industrial consumers 25%, and commercial consumers 21%.
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://www.mercomindia.com/product-form/q2-2023-mercom-india-rooftop-solar-market-report-executive-summary-form" rel="noopener noreferrer">Download Executive Summary</a></div>
&nbsp;
In the first half of 2023, 872 MW of solar rooftop capacity was added, a 3.2% increase YoY compared to 845 MW in 1H 2022.
India&#8217;s cumulative rooftop solar capacity reached 9.6 gigawatts (GW) at the end of Q2 2023.
&nbsp;
<img loading="lazy" decoding="async" class="aligncenter size-full wp-image-58118" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/08/Rooftop-Solar-Installations-by-Quarter.png" alt="Q2 2023 Rooftop Solar Installations by Quarter" width="1032" height="451" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/08/Rooftop-Solar-Installations-by-Quarter.png 1032w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/08/Rooftop-Solar-Installations-by-Quarter-300x131.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/08/Rooftop-Solar-Installations-by-Quarter-768x336.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/08/Rooftop-Solar-Installations-by-Quarter-650x284.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/08/Rooftop-Solar-Installations-by-Quarter-624x273.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/08/Rooftop-Solar-Installations-by-Quarter-600x262.png 600w" sizes="auto, (max-width: 1032px) 100vw, 1032px" />
&#8220;Rooftop solar did not meet expectations in the first half of the year, even with falling component prices and growing demand. We could see a much stronger second half as installers holding out for better margins start ramping up installations and fulfilling demand at a much quicker pace,&#8221; said Raj Prabhu, CEO of Mercom Capital Group.
Gujarat, Kerala, and Maharashtra added the most rooftop solar capacity in Q2 2023, accounting for nearly 73% of capacity additions.
Gujarat continued to lead in rooftop solar installations, contributing to 26% of the cumulative installations, followed by Maharashtra and Rajasthan. The top 10 states accounted for 76% of cumulative rooftop solar installations as of June 2023.
Comprehensive details of net metering policies across all Indian states and Union Territories are also included in the report.
Key Highlights from Mercom India Research&#8217;s Q2 2023 India Rooftop Solar Market Report 
<ul>
<li>In Q2 2023, India added 387 MW of rooftop solar capacity</li>
<li>Residential consumers accounted for 54%, industrial consumers 25%, and commercial consumers 21% of the quarterly capacity additions</li>
<li>In 1H 2023, the country added 872 MW of solar rooftop capacity, a 3.2% increase YoY</li>
<li>Cumulative rooftop solar installations reached 9.6 GW as of June 2023</li>
<li>The top 10 states accounted for 76% of cumulative rooftop solar capacity</li>
<li>Gujarat was the leading state for cumulative rooftop solar installations, followed by Maharashtra and Rajasthan</li>
<li>Rooftop solar system costs dropped 2.7% QoQ and 4.2% YoY</li>
</ul>
Contact Mercom for pricing: <a href="mailto:reports@mercomindia.com" target="_blank" rel="noopener noreferrer">reports@mercomindia.com</a> or call us at +91-080-41211148
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MERCOM INDIA ROOFTOP SOLAR MARKET REPORT Q2 2023 – 387 MW INSTALLED IN Q2 2023

&nbsp;
India added 1.7 gigawatts (GW) of solar capacity in the second quarter of Q2 2023. Installations dropped nearly 10% quarter-over-quarter (QoQ) compared to 1.9 GW installed in Q1 2023. Capacity additions fell almost 58% year-over-year (YoY) compared to 4 GW in Q2 2022, according to the newly released Q2 2023 India Solar Market Update.
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://www.mercomindia.com/product-form/q2-2023-india-solar-market-update-executive-summary-form" rel="noopener noreferrer">Download Executive Summary</a></div>
In 1H 2023, 3.6 GW of solar was added, down nearly 53% compared to 7.6 GW installed in 1H 2022. Large-scale solar projects accounted for around 77% of the capacity added in Q2 2023, and rooftop solar 23%. About 1.3 GW of large-scale solar was added in the quarter, down 7% QoQ and 64% YoY.
India&#8217;s cumulative installed solar capacity, including total rooftop solar installations, has surpassed 66 GW as of June 2023.
&nbsp;
<img loading="lazy" decoding="async" class="aligncenter size-full wp-image-57884" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/08/Solar-Installations-by-Quarter.png" alt="Solar Installations by Quarter" width="5908" height="3096" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/08/Solar-Installations-by-Quarter.png 5908w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/08/Solar-Installations-by-Quarter-300x157.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/08/Solar-Installations-by-Quarter-2000x1048.png 2000w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/08/Solar-Installations-by-Quarter-768x402.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/08/Solar-Installations-by-Quarter-1536x805.png 1536w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/08/Solar-Installations-by-Quarter-2048x1073.png 2048w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/08/Solar-Installations-by-Quarter-650x341.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/08/Solar-Installations-by-Quarter-624x327.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/08/Solar-Installations-by-Quarter-600x314.png 600w" sizes="auto, (max-width: 5908px) 100vw, 5908px" />
The country&#8217;s utility-scale project development pipeline stood at over 67 GW as of June 2023, with an additional 62 GW of projects tendered awaiting auction.
Following a weak first quarter, capacity additions slowed further in the second quarter. Extensions granted to several large-scale solar projects and those facing delays due to land and transmission issues affected installations in 1H 2023. Several projects stuck in the habitat of the Great Indian Bustard (GIB) still await the Supreme Court order to receive transmission connectivity. During the quarter, the Ministry of New and Renewable Energy (MNRE) revoked the blanket extension applicable to projects in the GIB area.
In 1H 2023, India added 8.4 GW of new power capacity, with solar accounting for over 43% of the total.
Multiple central and state agencies issued 14.5 GW of tenders in Q2 2023, up 5% QoQ compared to 13.8 GW. The tender activity rose 59% YoY from 9.1 GW in Q2 2022.
Key Highlights from Mercom India Research&#8217;s Q2 2023 India Solar Market Update: 
<ul>
<li>In 1H 2023, India added 3.6 GW of solar capacity, a 53% fall from the 7.6 GW in 1H 2022. </li>
<li>India added 1.7 GW of solar capacity in Q2 2023, down nearly 10% QoQ and 58% YoY. </li>
<li>Large-scale solar accounted for 77% of the capacity additions, and rooftop solar for 23%. </li>
<li>In Q2 2023, Gujarat and Rajasthan were the top states for large-scale solar installations. </li>
<li>India&#8217;s cumulative installed solar capacity surpassed 66 GW as of June 2023. </li>
<li>The country&#8217;s utility-scale project development pipeline stood at over 67 GW as of June 2023.</li>
<li>Solar accounted for over 43% of new power capacity added in 1H 2023.</li>
</ul>
<img loading="lazy" decoding="async" class="aligncenter size-large wp-image-57887" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/08/Infographic_800-px-1280x2000.png" alt="" width="625" height="977" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/08/Infographic_800-px-1280x2000.png 1280w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/08/Infographic_800-px-192x300.png 192w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/08/Infographic_800-px-768x1200.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/08/Infographic_800-px-983x1536.png 983w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/08/Infographic_800-px-1311x2048.png 1311w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/08/Infographic_800-px-650x1015.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/08/Infographic_800-px-624x975.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/08/Infographic_800-px-600x937.png 600w" sizes="auto, (max-width: 625px) 100vw, 625px" />Contact Mercom for pricing: <a href="mailto:reports@mercomindia.com" target="_blank" rel="noopener noreferrer">reports@mercomindia.com</a> or call us at +91-080-41211148 or +91-080-23560436.
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Q2 2023 INDIA SOLAR MARKET UPDATE - 1.7 GW INSTALLED IN Q2 2023

India added 518 megawatts (MW) of solar open access, an increase of over 68% compared to 308 MW installed in Q4 2022, installations were down 37% year-over-year (YoY), according to the newly released &#8220;Q1 2023 Mercom India Solar Open Access Market Report&#8221;.
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://www.mercomindia.com/product-form/q1-2023-mercom-india-solar-open-access-market-report-executive-summary-form" rel="noopener noreferrer">Download Executive Summary</a></div>
&nbsp;
In Q1 2023, Karnataka remained the leading state, accounting for over 55% of capacity additions, followed by Maharashtra (14%) and Tamil Nadu (8%). The top five states comprised of 88% of total installations during the quarter.
As of March 2023, cumulative installed solar open access capacity reached 8.3 GW.
<img decoding="async" class="wp-image-54448 aligncenter" style="width: 900px;" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/06/Solar-Open-Access-Installations_1.png" alt="Solar Installations by Quarter (2)" width="900" />
As of March 2023, the country&#8217;s pipeline of open access solar projects stood at 6.4 GW. Over 68% of the pipeline was spread across Andhra Pradesh, Rajasthan, Maharashtra, Karnataka, and Gujarat.
Karnataka remained the top state, accounting for over 37% of cumulative solar open access capacity as of March 2023. Maharashtra made up over 12% of total installations.
The report offers a detailed analysis of the solar open access segment in seventeen states, including open access charges, retail supply tariffs, and market size.
The report also highlights the views and opinions of the top open access installers nationwide during the quarter.
Key Highlights from Mercom India Research&#8217;s Q1 2023 India Solar Open Access Market Report
<ul>
<li>In Q1, 518 MW of solar open access was added, up 68% QoQ and down 37% YoY</li>
<li>Karnataka was the leading state, accounting for over 55% of capacity additions in Q1 2023</li>
<li>Maharashtra and Tamil Nadu ranked second and third making up around 14% and 8% of total installations in Q1 of 2023</li>
<li>As of March 2023, total installed solar capacity in the open access segment was around 8.3 GW</li>
<li>The top five states account for nearly 74% of cumulative solar open access installations</li>
<li>As of March 2023, the pipeline of solar open access projects was over 6.4 GW</li>
</ul>
Contact Mercom for pricing: <a href="mailto:reports@mercomindia.com" target="_blank" rel="noopener noreferrer">reports@mercomindia.com</a> or call us at +91-80-41211148.
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Q1 2023 MERCOM INDIA SOLAR OPEN ACCESS MARKET REPORT – 518 MW INSTALLED IN Q1 2023

&nbsp;
In the first quarter (Q1) of calendar year (CY) 2023, 485 MW of rooftop solar capacity was added, up marginally 0.4% compared to 483 MW in Q4 2022. Year-over-year (YoY), installations were up 6.4%, according to the newly released report &#8220;Q1 2023 Mercom India Rooftop Solar Market Report&#8221;.
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://www.mercomindia.com/product-form/q1-2023-mercom-india-rooftop-solar-market-report-executive-summary-form" rel="noopener noreferrer">Download Executive Summary</a></div>
&nbsp;
Nearly 58% of capacity was added by residential consumers in Q1 2023, while industrial and commercial consumers accounted for 28% and 14%, respectively.
In Q1 2023, rooftop solar accounted for 26% of total solar installations.
<img decoding="async" class="wp-image-54448 aligncenter" style="width: 900px;" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/05/Rooftop-Solar-Installations-by-Quarter-MW.png" alt="Solar Installations by Quarter (2)" width="900" />
Installations in Q1 2023 were primarily driven by the commissioning of delayed projects that applied for approvals before October 2022. The projects were granted exemption from the Approved List of Models and Manufactures (ALMM) order in the Ministry of New and Renewable Energy&#8217;s (MNRE&#8217;s) clarification issued in October 2022.
Gujarat, Kerala, and Karnataka added the most rooftop solar capacity in Q1 2023, contributing to almost 70% of capacity additions.
Gujarat remained the leading state for rooftop solar, accounting for 24% of cumulative installations as of March 2023, followed by Maharashtra and Rajasthan. The top 10 states accounted for 75% of cumulative rooftop solar installations as of March 2023.
Comprehensive details of net metering policies across all Indian states and Union Territories are also included in the report.
Key Highlights from Mercom India Research&#8217;s Q1 2023 India Rooftop Solar Market Report 
<ul>
<li>In Q1 2023, India added over 485 MW of rooftop solar capacity, the second-highest in any quarter</li>
<li>58% of rooftop solar installations during the quarter came from the residential segment, followed by 14%, and 28% from the commercial and industrial segment</li>
<li>Cumulative rooftop solar installations reached 9.3 GW as of March 2023</li>
<li>The top 10 states cumulatively accounted for 75% of rooftop solar capacity</li>
<li>Gujarat was the leading state for cumulative rooftop solar installations, followed by Maharashtra and Rajasthan</li>
<li>Rooftop solar system costs were 6% lower than the previous quarter</li>
</ul>
Contact Mercom for pricing: <a href="mailto:reports@mercomindia.com" target="_blank" rel="noopener noreferrer">reports@mercomindia.com</a> or call us at +91-080-41211148
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MERCOM INDIA ROOFTOP SOLAR MARKET REPORT Q1 2023 – 485 MW INSTALLED IN Q1 2023

&nbsp;
India added 1.9 GW of solar capacity in the first quarter (Q1) of calendar year (CY) 2023, a 30% decrease compared to the 2.7 GW installed in Q4 2022. The number represents a 48% decrease year-over-year (YoY) when compared to the 3.6 GW added in Q1 2022, according to the newly released Q1 2023 India Solar Market Update.
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://www.mercomindia.com/product-form/q1-2023-india-solar-market-update-executive-summary-form/" rel="noopener noreferrer">Download Executive Summary</a></div>
India installed 1.4 GW of large-scale solar in Q1 2023, a 37% quarterly decrease and a 56% YoY decline. Large-scale solar accounted for 74% of installations, with rooftop solar making up an additional 26%.
India&#8217;s cumulative installed solar capacity now stands at 64.5 GW.
<img decoding="async" class="wp-image-54448 aligncenter" style="width: 900px;" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/03/Solar-Installations-by-Quarter-2.png" alt="Solar Installations by Quarter (2)" width="900" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/03/Solar-Installations-by-Quarter-2.png 1786w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/03/Solar-Installations-by-Quarter-2-300x200.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/03/Solar-Installations-by-Quarter-2-768x512.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/03/Solar-Installations-by-Quarter-2-1536x1024.png 1536w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/03/Solar-Installations-by-Quarter-2-650x433.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/03/Solar-Installations-by-Quarter-2-624x416.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/03/Solar-Installations-by-Quarter-2-600x400.png 600w" sizes="(max-width: 1786px) 100vw, 1786px" />
As of March 2023, the country&#8217;s utility-scale project development pipeline stood at 58 GW, with an additional 58 GW of projects tendered awaiting auction.
India&#8217;s solar industry passed an important milestone in 2022, setting a new record with 13 GW of capacity added. But additions are expected to be lower in 2023 as commissioning deadlines for several projects have been moved to next year. Besides projects stuck in the habitat of the Great Indian Bustard, an increasing number of projects are facing delays due to land and transmission issues.
In Q1 2023, Rajasthan and Karnataka were the top states for solar, accounting for 42% and 21% of installations, respectively. Gujarat came in third with 19%.
Key Highlights from Mercom India Research&#8217;s Q1 2023 India Solar Market Update:
<ul>
<li>In Q1 2023, India added about 1.9 GW of solar capacity, a 30% decline compared to the 2.7 GW installed in Q4 2022</li>
<li>Large-scale solar accounted for 74% of the installations, and rooftop solar for the remaining 26%</li>
<li>India&#8217;s cumulative installed solar capacity now stands at 64.5 GW</li>
<li>In Q1 2023, renewable energy sources accounted for around 41% of the country&#8217;s power mix</li>
<li>Solar accounted for over 45% of new power capacity added during the quarter</li>
<li>In Q1 2023, Rajasthan and Karnataka were the top states for solar installations</li>
</ul>
<img loading="lazy" decoding="async" class="wp-image-54465 aligncenter" src="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/03/infographics-edtd-01.jpg" alt="infographics-edtd-01" width="906" height="862" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/03/infographics-edtd-01.jpg 2188w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/03/infographics-edtd-01-300x285.jpg 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/03/infographics-edtd-01-2000x1903.jpg 2000w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/03/infographics-edtd-01-768x731.jpg 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/03/infographics-edtd-01-1536x1462.jpg 1536w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/03/infographics-edtd-01-2048x1949.jpg 2048w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/03/infographics-edtd-01-650x619.jpg 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/03/infographics-edtd-01-624x594.jpg 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/03/infographics-edtd-01-600x571.jpg 600w" sizes="auto, (max-width: 906px) 100vw, 906px" />
Contact Mercom for pricing: <a href="mailto:reports@mercomindia.com" target="_blank" rel="noopener noreferrer">reports@mercomindia.com</a> or call us at +91-080-41211148.
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Q1 2023 INDIA SOLAR MARKET UPDATE - 1.9 GW INSTALLED IN Q1 2023

&nbsp;
Mercom’s India Solar Market Leaderboard report covers market shares and rankings across the Indian solar supply chain in the calendar year of 2022. It provides the most accurate and comprehensive coverage of India’s solar industry leaders.
The report highlights significant changes in market share compared to last year. Several new companies have made it to the top ten list for the first time, reflecting a dynamic solar market with significant market opportunities. With domestic manufacturing receiving a strong push with the production-linked incentive (PLI) program, we expect to see new leaders emerge in 2023.
&nbsp;
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://www.mercomindia.com/product-form/india-solar-market-leaderboard-2023-executive-summary-form" rel="noopener noreferrer">Download Executive Summary</a></div>
Also, our <a href="https://mercomindia.com/product/mercoms-india-solar-market-share-tracker/" target="_blank" rel="noopener noreferrer">Market Share Tracker</a>, which gives insights into your competitors and their growth rates on a quarterly basis, is available in an excel format.
The report covers:
<ul>
<li>Top Utility-Scale Project Developers</li>
<li>Top Rooftop Solar Installers</li>
<li>Top Utility-Scale Solar EPC Companies</li>
<li>Top Solar Inverter Suppliers</li>
<li>Top Cell and Module Suppliers</li>
<li>Top Cell and Module Manufacturers</li>
<li>Top Open Access Solar Developers</li>
<li>Top Solar Tracker Suppliers</li>
<li>Top Solar Module Mounting Structure Suppliers</li>
<li>Top Robotic Solar Module Cleaning System Suppliers</li>
</ul>
Companies Covered in the report include:
Avaada Energy | NTPC Renewable Energy | Adani Green Energy | Tata Power Renewables | Azure Power | Juniper Green Energy | ABC Renewable Energy | ACME Solar | Enel Green Power India | O2 Power | NHPC | Shell India Markets | NLC India | Tata Power Solar | Sterling and Wilson | Amplus Solar | Roofsol Energy | Fourth Partner Energy | Hartek Group | Havells India | Orb Energy | Mahindra Solarize | Mahindra Susten | Sunsure Energy | AMP Energy | Kalpa Power | U-Solar Clean Energy Solutions | Radiance Renewables | Sungrow | Sineng Electric | FIMER India | Ginlong (Solis) Technologies | Growatt | SOFAR | GoodWe | Ningbo Deye Inverter Technology | Fox ESS | TMEIC India Power Electronics | Hitachi Hi-Rel Power Electronics | Huawei | Jinko Solar | Trina Solar | Adani Solar | LONGi Solar | JA Solar | Delta Electronics | Saatvik Green Energy | Rayzon Solar | Premier Energies | Znshine Solar | Canadian Solar | Risen Energy | First Solar | Jupiter International | CETC Renewable Energy Technology | Emmvee Photovoltaic Power | Goldi Solar | RenewSys India | Surana Solar | Solex Energy | Insolation Energy | SAEL Industries | Ritika Systems | Senza Solar | Surify Solar | ECE (India) Energies | SASA Energy | Ganesh Electricals | HR Solar Solution | Urjastrot Enterprise | ITI | Sunfield Energy | Suryakamal Energy | Abhishek Solar Industries | Ameya Solar &amp; Semiconductors | Arctech Solar | Voltas | Scorpius Trackers | Purshotam Profiles | Goodluck India | Strolar Mounting Systems | Raydean Industries | Metalkraft Forming Industries | Ganges Internationale | ISHKON Industries | MAN Structurals | Solar Mounting System Solutions | Solabot Technologies | Airtouch Solar | Langfang Sol-bright Photovoltaic Technology | Ecoppia | Aegeus Technologies | Skilancer Solar | Photom Technologies | EnRay Solar | BloKleen Solar| Exosolar | Vikram Solar | Bharat Heavy Electricals | Adani Infra India | Hild Energy | L&amp;T Construction | Jakson Green | Rays Power Infra | Prozeal Infra Engineering | Siemens Gamesa | BELECTRIC | Waaree Energies | JSW Energy | Vibrant Energy | Sunsource Energy | Cleantech Solar | ReNew | Godawari Power &amp; Ispat | CleanMax Enviro Energy | Hinduja Renewables Energy | Greenko | U-Solar Clean Energy Solutions
Know your competition and stay ahead of the game, get your copy of the Mercom India Solar Market Leaderboard report today!
Call us for pricing and details: +91.80.4121.1148 or email us at: <a href="mailto:info@mercomindia.com">info@mercomindia.com</a>.
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Mercom's India Solar Market Leaderboard 2023: Market Shares and Profiles

India added 2.5 gigawatts (GW) of open access solar in calendar year (CY) 2022, an increase of around 92% compared to the 1.3 GW installed in 2021, the highest ever annual installations, according to the newly released report 2022 Q4 &amp; Annual Mercom India Solar Open Access Market Report.
India added 293 MW of solar open access capacity in Q4 2022, down 52% quarter-over-quarter (QoQ) compared to 615 MW installed in Q3 2022. Quarterly installations were down almost 10% year-over-year (YoY).
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://mercomindia.com/india-solar-open-access-market-report-q4-2022-executive-summary-form" rel="noopener noreferrer">Download Executive Summary</a></div>
&nbsp;
Installations reached an all-time high in 2022 as various organizations and developers rushed to finish projects before Basic Customs Duty (BCD) and Approved List of Models and Manufacturers (ALMM) regulations were enacted. Commissioning of projects delayed during the COVID-19 pandemic also added to the total.
In 2022, Karnataka added the most open access capacity, followed by Maharashtra and Tamil Nadu. The top five states comprised 77% of total installations during the year.
<img loading="lazy" decoding="async" class="wp-image-50787 aligncenter" src="https://mercomindia.com/wp-content/uploads/2023/03/Solar-Open-Access-Installations-MW.png" alt="Solar Open Access Installations (MW)" width="648" height="419" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/03/Solar-Open-Access-Installations-MW.png 1671w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/03/Solar-Open-Access-Installations-MW-300x194.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/03/Solar-Open-Access-Installations-MW-768x497.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/03/Solar-Open-Access-Installations-MW-1536x994.png 1536w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/03/Solar-Open-Access-Installations-MW-650x420.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/03/Solar-Open-Access-Installations-MW-624x404.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/03/Solar-Open-Access-Installations-MW-600x388.png 600w" sizes="auto, (max-width: 648px) 100vw, 648px" />
The top five states contributed over 96% of all open access installations in Q4 2022. As of December 2022, Karnataka remained the top state, accounting for almost 36% of cumulative solar open access capacity. Maharashtra followed, making up over 12% of the total installations.
The report offers a detailed analysis of the solar open access segment in seventeen states, including open access charges, retail supply tariffs, and market size.
The average PPA prices, net landed costs, banking regulations, short-term transactions, and open access policies and regulations released in Q4 2022 are also featured in the report.
The report also highlights the views and opinions of the top open access installers nationwide during the quarter.
Key Highlights from Mercom India Research&#8217;s 2022 Q4 &amp; Annual India Solar Open Access Market Report
<ul>
<li>In 2022, India added about 2.5 GW of solar open access, a YoY increase of 92% </li>
<li>In Q4, 293 MW of solar open access was added, down 52% QoQ and almost 10% YoY</li>
<li>Karnataka was the leading state, with 94 MW added in Q4 2022</li>
<li>Tamil Nadu and Maharashtra ranked second and third making up around 22% and 21% of total installations in Q4 of 2022</li>
<li>As of December 2022, the total installed solar open access capacity was over 7.7 GW</li>
<li>The top five states account for 73% of cumulative solar open access installations</li>
<li>The pipeline of solar open access projects was over 6.6 GW</li>
</ul>
<img loading="lazy" decoding="async" class="wp-image-50802 aligncenter" src="https://mercomindia.com/wp-content/uploads/2023/03/infographic-final-scaled.jpg" alt="solar open access" width="1062" height="1006" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/03/infographic-final-scaled.jpg 2560w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/03/infographic-final-300x284.jpg 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/03/infographic-final-2000x1896.jpg 2000w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/03/infographic-final-768x728.jpg 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/03/infographic-final-1536x1456.jpg 1536w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/03/infographic-final-2048x1942.jpg 2048w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/03/infographic-final-650x616.jpg 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/03/infographic-final-624x592.jpg 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2023/03/infographic-final-600x569.jpg 600w" sizes="auto, (max-width: 1062px) 100vw, 1062px" />
Contact Mercom for pricing: <a href="mailto:reports@mercomindia.com" target="_blank" rel="noopener noreferrer">reports@mercomindia.com</a> or call us at +91-80-41211148.
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2022 Q4 AND ANNUAL MERCOM INDIA SOLAR OPEN ACCESS MARKET REPORT – 2.5 GW INSTALLED IN 2022

&nbsp;
India added 1.6 GW of rooftop solar, down almost 4% compared to 1.7 GW installed in 2021 according to Mercom India Research&#8217;s newly released &#8220;2022 Q4 and Annual Mercom India Rooftop Solar Market Report&#8221;.
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&nbsp;
In the fourth quarter (Q4) of 2022, 483 megawatts (MW) of rooftop solar was added, almost a 51% increase quarter-over-quarter (QoQ). Installations were up 20% year-over-year (YoY). About 42% of installations during the year were in the industrial segment, while residential, commercial, and government represented 32%, 25%, and 1%, respectively.
According to the report, the average rooftop solar system costs fell marginally by 0.4% compared to Q3 2022 but were up almost 13% YoY.
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The Central Government implemented significant policy changes in the sector during the year, including Basic Customs Duty (BCD) implementation and the Approved List of Models &amp; Manufacturers (ALMM) mandate for rooftop solar projects. These policies added to the volatility in solar module prices and supply in the market. Installations may have been higher if project costs hadn’t surged after the BCD and if installers had clarity about grid-connected rooftop solar projects requiring ALMM-enlisted modules, noted the report.
Gujarat remained the top market, accounting for 24% of cumulative solar rooftop installations, followed by Maharashtra and Rajasthan, with 14% and 9%, respectively. The top 10 states accounted for approximately 74% of cumulative rooftop solar installations as of December 2022 and over 85% of capacity added in 2022.
A comprehensive analysis of net metering policies across all Indian states and Union Territories is also included in the report.
Key Highlights from the 2022 Q4 &amp; Annual Mercom India Rooftop Solar Market Report 
<ul>
<li>In 2022, India added over 1.6 GW of rooftop solar capacity </li>
<li>The top 10 states accounted for over 85% of rooftop solar installations in 2022</li>
<li>In Q4, 56% of rooftop solar installations came from the residential segment, while 28% and 15% came from industrial and commercial segments, respectively</li>
<li>Rooftop solar system costs during the quarter increased by almost 13% YoY</li>
<li>Cumulative rooftop solar installations reached almost 8.8 GW as of December 2022</li>
<li>Gujarat was the top state cumulatively for rooftop solar installations, followed by Maharashtra and Rajasthan</li>
</ul>
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2022 Q4 AND ANNUAL MERCOM INDIA ROOFTOP SOLAR MARKET REPORT – 1.6 GW INSTALLED IN 2022

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India added 13 gigawatts (GW) of solar capacity in the calendar year (CY) 2022, a 27% increase year-over-year (YoY), compared to 10.2 GW installed in CY 2021. Data was revealed in the newly released 2022 Q4 and Annual India Solar Market Update.
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&nbsp;
During CY 2022, large-scale solar projects accounted for 87% of installations and saw a 33% surge YoY. Rooftop installations decreased by 3.7% YoY. In Q4 2022, India added 2.6 GW of solar, a marginal decrease (2.5%) from 2.7 GW installed in Q3 2022. Installations were down 5% YoY compared to 2.8 GW in Q4 2021.
India&#8217;s cumulative installed solar capacity now stands at 63 GW.
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According to the report, the growth outlook going into 2023 remains uncertain, with the pending judgment on projects stranded in the Great Indian Bustard region, the pending announcement on Approved lists of Models and Manufacturers (ALMM), and expected project extensions per MNRE&#8217;s direction to Solar Energy Corporation of India, Indian Renewable Energy Development Agency, NHPC, and NTPC.
The report highlights a rise in the average cost of projects throughout CY 2022 due to higher module prices and supply constraints. Average large-scale system costs in Q4 2022 increased by 7.3% YoY making it an unprecedented ten quarters of project cost increases in a row.
Rajasthan, Karnataka, and Gujarat were the top three states for cumulative large-scale solar capacity accounting for 54% of installations in the country as of December 2022.
Key Highlights from Mercom India Research&#8217;s Q4 &amp; Annual 2022 India Solar Market Update:
<ul>
<li>India added 13 GW of solar in CY 2022, a 27% increase compared to GW installed in CY 2021</li>
<li>Installations in 2022 were the highest ever recorded in India</li>
<li>In Q4 2022, India added 2.6 GW of solar</li>
<li>The cumulative solar capacity installed in India was approximately 63 GW at the end of Q4 2022</li>
<li>India&#8217;s large-scale solar project pipeline stood at 58 GW, with another 51 GW of projects tendered and pending auction</li>
<li>Rajasthan, Karnataka, and Gujarat were the top three states for cumulative large-scale solar installations</li>
<li>Solar accounted for 82% of new power capacity additions in 2022, the highest recorded in any year</li>
<li>Renewable energy sources accounted for 96% of new power capacity added in 2022</li>
</ul>
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2022 Q4 AND ANNUAL INDIA SOLAR MARKET UPDATE - 13 GW INSTALLED IN 2022

India&#8217;s solar module manufacturing capacities announced exceeded 39 gigawatts (GW) at the end of September 2022 and is expected to reach approximately 95 GW by the end of the calendar year (CY) 2025, according to the newly released report &#8216;State of Solar PV Manufacturing in India&#8217; by Mercom India Research.
The report provides a detailed account of the Indian solar PV module manufacturing landscape. The report identifies the challenges and opportunities for Indian PV manufacturers and their evolving role in the global solar industry with capacity and technology development during the coming years.
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&nbsp;
India&#8217;s installed solar cell manufacturing capacity as of September 2022 was about 4.7 GW and could increase seven-fold by the end of CY 2024.
Indian PV manufacturers are strategically poised to expand production capacities and adopt new technologies in the coming years with the support of government incentive programs and research and development, according to the report.
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States are promoting domestic solar manufacturing through fiscal and non-fiscal incentives under industrial, electronics, and solar policies. The government&#8217;s Production Linked Incentives program is an added push to enhance vertical integration of new capacity additions and technology used.
A comparative analysis of global and Indian PV technology evolution in the report will help companies chart their business growth in line with the global solar industry trends. The report analyzes the price competitiveness of Indian solar module manufacturers compared to the imports, along with detailed coverage of policies impacting the domestic PV manufacturing industry.
Stakeholders will find this report valuable in understanding the Indian manufacturing landscape, vertical integration, and expansion trajectory to plan their investments and procurement.
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State of Solar PV Manufacturing in India

India added 596 MW of solar open access capacity in Q3 2022, a 12.5% quarter-over-quarter (QoQ) decrease compared to 680 MW installed in Q2 2022. However, Year-over-year (YoY) installations increased by 91% compared with 312 MW in Q3 2021, according to the newly released Mercom India Solar Open Access Market Report Q3 2022.
In 9M 2022, India added about 1.9 GW of open access solar, an increase of 96% from the 956 MW installed in 9M 2021. The installations during the period have surpassed the annual capacity additions over the past years.
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&nbsp;
As of September 2022, the total installed solar capacity in the open access segment was over 7 GW. The top five states accounted for over 74% of the country&#8217;s cumulative open access solar installations.
The pipeline of projects under development and pre-construction phase is over 5 GW.
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In Q2 and Q3, open access project developers focused on the early commissioning of contracted project capacities due to uncertainty around the mandatory use and availability of the modules enlisted under the &#8216;Approved List of Models and Manufacturers&#8217; (ALMM). Higher installation levels in Q1 were to primarily avoid the increase in project costs due to the imposition of basic customs duty (BCD) on imported solar modules and cells.
Andhra Pradesh led the Green Day Ahead Market (G-DAM) in terms of power sold through the exchange, with 359 MU accounting for nearly 33.5% of the market.
The report offers a detailed analysis of the solar open access business. Tamil Nadu, Uttar Pradesh, Rajasthan, and Kerala released tariff orders for FY23. The report comprehensively covers open access charges and retail supply tariffs for these states and the market size.
The average PPA prices, net landed costs, and open access policies and regulations released in Q3 2022 are featured in the report.
The report also highlights the views and opinions of the top open access installers across the country during the quarter.
Key Highlights from Mercom India Research&#8217;s India Solar Open Access Market Report Q3 2022
<ul>
<li>In 9M 2022, India added about 1.9 GW of open access solar, a YoY increase of approximately 96% </li>
<li>In Q3 2022, 596 megawatts (MW) of open access solar were added in India, down 12.5% QoQ and 91% increase YoY</li>
<li>Karnataka was the leading state, with 198 MW added in Q3 2022</li>
<li>As of September 2022, the total installed solar capacity in the open access segment was over 7 GW</li>
<li>The pipeline of solar open access projects is over 5 GW</li>
</ul>
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Mercom India Solar Open Access Market Report Q3 2022

&nbsp;
India added 320 megawatts (MW) of rooftop solar solar in the third quarter (Q3) of the calendar year (CY) 2022, an 18% drop quarter-over-quarter (QoQ) compared to 389 MW installed in Q2 2022, according to Mercom India Research&#8217;s newly released &#8220;Mercom India Rooftop Solar Market Report Q3 2022&#8221;.
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&nbsp;
According to the report, at the end of Q3 2022, cumulative rooftop solar installations reached 8.3 GW.
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In 9M 2022, India added 1.2 GW of rooftop solar, an 11% decrease compared to 9M 2021. The decline in installations was primarily due to the increase in the cost of solar modules and uncertainty over the Approved List of Models and Manufacturers (ALMM) extension during the period.
In Q3 2022, 46% of rooftop solar was installed in the industrial sector, followed by residential, commercial, and government sectors, with 32%, 21, and 1%, respectively. The report noted that system costs had risen steadily in 2022, with a 6% rise during Q1, and a 2% rise during Q2, followed by a 5% rise during Q3 2022.
Gujarat is the leading state for cumulative rooftop solar installations with 23%, followed by Maharashtra and Rajasthan, which added 13% and 10%, respectively. The top 10 states accounted for approximately 73% of cumulative rooftop solar installations.
Key Highlights from Mercom India Research&#8217;s India Rooftop Solar Market Report Q3 2022
<ul>
<li>In 9M 2022, India added 1,165 MW of rooftop solar, an 11% drop compared to the same period last year</li>
<li>In Q3 2022, India added 320 MW of rooftop solar, a decrease of 18% compared to 389 MW installed in Q2 2022. YoY installations declined 29%</li>
<li>Uncertainty over ALMM extension and module price volatility were the critical challenges</li>
<li>The cumulative installed rooftop solar capacity in India was about 8.3 GW at the end of Q3 2022</li>
<li>In Q3 2022, the top 10 states accounted for approximately 73% of the cumulative rooftop solar installations</li>
<li>Maharashtra had the most rooftop solar installations in Q3 2022, followed by Kerala and Gujarat</li>
</ul>
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MERCOM INDIA ROOFTOP SOLAR MARKET REPORT Q3 2022 – 320 MW INSTALLED IN Q3 2022

&nbsp;
During the first nine months (9M) of 2022, 10 GW of solar was installed in India. Solar capacity additions were 35% higher than the 7.4 GW installed in 9M 2021, according to the newly released Q3 2022 India Solar Market Update. Utility-scale installations during the period totaled 9 GW, a 45% increase compared to 6.1 GW in 9M 2021.
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&nbsp;
In Q3 2022, India added 2.7 GW of solar capacity, a 32% decline compared to Q2 2022. Year-over-year (YoY) installations were down 6.6%. India’s cumulative installed solar capacity now stands at 60 GW. The country has a utility-scale project pipeline of over 58 GW and 46 GW of tendered projects awaiting auction.
Rajasthan&#8217;s cumulative large-scale solar PV installations have crossed 14 GW as of September 2022, and the state accounted for over 27% of the installations in the country.
<img loading="lazy" decoding="async" class="wp-image-44720 size-full aligncenter" src="https://mercomindia.com/wp-content/uploads/2022/11/solar-installtions.png" alt="solar installations" width="896" height="443" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/11/solar-installtions.png 896w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/11/solar-installtions-300x148.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/11/solar-installtions-768x380.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/11/solar-installtions-650x321.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/11/solar-installtions-624x309.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/11/solar-installtions-600x297.png 600w" sizes="auto, (max-width: 896px) 100vw, 896px" />
Due to the uncertainty of projects impacted by environmental concerns surrounding the Great Indian Bustard (GIB) region, 4.8 GW of solar projects still await clearance from the Technical Expert Committee. The committee also determined that underground transmission lines of 66 kV and above voltage levels for evacuation of bulk power are not technically feasible, but underground powerlines of 33 kV and below are feasible, adding ambiguity to the situation and pushing the commissioning dates to the following year.
The average system cost of large-scale solar projects during Q3 2022 was up slightly (0.4%) QoQ. However, the average system cost was up by 7.5% YoY. Large-scale solar system costs have now risen nine quarters in a row.
In 9M 2022, India added over 12 GW of total power capacity, with most new installations coming from solar power, which accounted for 76%.
Key Highlights from Mercom India Research&#8217;s Q3 2022 India Solar Market Update:
<ul>
<li>In 9M 2022, India added over 10 GW of solar capacity, a 35% increase compared to 7.4 GW installed in 9M 2021</li>
<li>In Q3 2022, Large-scale solar accounted for 88% of the quarter’s installations, and rooftop solar for the remaining 12%</li>
<li>India’s cumulative installed solar capacity now stands at 60 GW</li>
<li>Solar accounted for 76% of new power capacity added during the quarter</li>
<li>In Q3 2022, Rajasthan and Maharashtra were the top states for solar installations</li>
<li>The utility-scale project pipeline is around 58 GW, while projects tendered and awaiting auction are approximately 46 GW</li>
</ul>
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Q3 2022 INDIA SOLAR MARKET UPDATE - 2.7 GW INSTALLED IN Q3 2022

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Mercom’s India Solar Market Leaderboard report covers market shares and rankings across the Indian solar supply chain in the calendar year of 1H 2022. It provides the most accurate and comprehensive coverage of India’s solar industry leaders.
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&nbsp;
Also, our <a href="https://mercomindia.com/product/mercoms-india-solar-market-share-tracker/" target="_blank" rel="noopener noreferrer">Market Share Tracker</a>, which gives insights into your competitors and their growth rates on a quarterly basis, is available in an excel format.
The report covers:
<ul>
<li>Top Utility-Scale Solar Developers</li>
<li>Top Rooftop Solar Installers</li>
<li>Top Utility-Scale EPC Service Providers</li>
<li>Top Central Inverter Suppliers</li>
<li>Top String Inverter Suppliers</li>
<li>Top Solar Module Suppliers</li>
<li>Top Solar Tracker Suppliers</li>
<li>Top Module Mounting Structure Suppliers</li>
<li>Top Open Access Solar Developers</li>
<li>Top Robotic Cleaning System Suppliers</li>
</ul>
Companies Covered in the report include:
Avaada Energy | Tata Power Renewables | Azure Power | NTPC Renewables | Adani Green Energy | ABC Renewables | Vibrant Energy | ACME Solar | Hero Future Energies | Juniper Green Energy | Engie | Sprng Energy| UPC Renewables | Aegeus Technologies| Airtouch | Sol-Bright Photovoltaic Technology| Solabot Technologies | Alpex Exports | AMP Energy India | Amplus Solar | Arctech Solar | ARS SolarTech | Voltas | Ayana Renewable | Azure Power | BHEL| BloKleen Solar | Goodluck India | Canadian Solar | Strolar Mounting Systems | Cleantech Solar | CleanMax Enviro Energy | Rayzon Solar | Delta Electronics | Ecoppia | EDEN Renewables | Rays Power Experts | Emmvee Photovoltaic Power | Enrich Energy | Euro Multivision | FIMER India | JSW Energy | Fourth Partner Energy| Ganges Internationale | Goldi Solar | Goodluck India | GoodWe | Greenko | Growatt | Hero Future Energies | InfiniteERCAM | JA Solar | Jakson Solar | Jetsons Robotics | Jinko Solar | Juniper Green Energy | Jupiter International | Voltas | L&amp;T Construction | LONGi Solar | Mahindra Susten | Metalkraft Forming Industries| NLC India | NTPC | Nuevosol Energy | Orb Energy| PetaWatts Solar | Photom Technologies | Photon Solar | Premier Energies | Prozeal Infra | Purushotam Profiles | PV Power Technologies | Rays Power Expert | Rays Power Infra | Refex Energy | ReNew Power |Raydean Industries | RenewSys India | Risen Energy | Saatvik Green Energy | Hitachi Hi-Rel Power Electronics | Sungrow | Scorpius Trackers | Goodluck India | Shri Krsna Urja | Purshotam Profiles | Sineng Electric | Singareni Collieries | Skilancer Solar | SMA India | SmartTrak | SNS Corporation | SOFARSOLAR | Solabot Technologies | Solar Square | Solavio Labs | Ginlong (Solis) Technologies | Sterling &amp; Wilson | Strolar Mounting Systems | Sungrow | SunSource Energy | Surana Solar | Havells India | Orb Energy | Hartek | Tata Power Solar | Tata Power Renewable | Sunsure Energy | TBEA Energy | TMEIC | E Solar | Vikram Solar | Vivaan Solar | Refex Energy | SWELECT Energy | BELECTRIC | Waaree | Znshine Solar |Godawari Power &amp; Ispat | Hira Group | Hinduja Renewables |Exosolar | ISHKON Industries | MAN Structurals | Webel Energy Systems | CETC Renewable Energy Technology | Waaree Energies
Know your competition and stay ahead of the game, get your copy of the Mercom India Solar Market Leaderboard report today!
Call us for pricing and details: +91.80.4121.1148 or email us at: <a href="mailto:info@mercomindia.com">info@mercomindia.com</a>.
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Mercom's India Solar Market Leaderboard 1H 2022: Market Shares and Profiles

Open access solar installations in India totaled 680 MW installed in the second quarter (Q2) 2022 of the calendar year 2022, an 18% increase quarter-over-quarter (QoQ) compared to 575 MW installed in Q1 2022. Year-over-year (YoY) installations increased 223% compared with 210 MW in Q2 2021, according to the newly released Mercom India Solar Open Access Market Report Q2 2022.
In the first half (1H) 2022, India added 1.3 GW of open access solar, a 97% increase compared to 638 MW installed in 1H 2021, the second-highest recorded first half of any year.
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&nbsp;
As of June 2022, cumulative installed solar capacity in the open access market was over 6.5 GW. The top five states accounted for over 73% of the country&#8217;s cumulative open access solar installations.
The development pipeline of open access solar projects in the country was about 2.8 GW as of Q2 2022.
<img loading="lazy" decoding="async" class="wp-image-40965 aligncenter" src="https://mercomindia.com/wp-content/uploads/2022/08/solar-open-access-1.png" alt="solar open access" width="600" height="360" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/solar-open-access-1.png 837w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/solar-open-access-1-300x180.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/solar-open-access-1-768x461.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/solar-open-access-1-650x390.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/solar-open-access-1-624x374.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/solar-open-access-1-600x360.png 600w" sizes="auto, (max-width: 600px) 100vw, 600px" />
Increased focus on renewable purchase obligation (RPO) compliance and RE100 goals by commercial &amp; industrial (C&amp;I) companies drove up installations. Module supply concerns post-Approved List of Module Manufacturers’ (ALMM) imposition increased developer&#8217;s urgency to add to open access capacity despite a 40% Basic Customs Duty (BCD) on module and components, noted the report.
According to the report, the Green Term Ahead Market witnessed a 39% decrease in volumes traded through January, February, and March 2022. February had the highest traded volume, whereas March realized the highest market-clearing price during the quarter.
A detailed analysis of the solar open access business overview, retail electricity tariff, and open access charges and costs for seventeen states has been covered in the report, with Assam being the latest addition.
The average PPA prices, net landed costs, and open access policies and regulations released in Q2 2022 are featured in the report.
The report also highlights the views and opinions of the top open access installers across the country during the quarter.
Key Highlights from Mercom India Research’s <a href="https://mercomindia.com/product/india-solar-open-access-market-report-q2-2022/">India Solar Open Access Market Report Q2 2022</a>
<ul>
<li>Solar open access installations in 1H 2022 totaled 1.3 GW, an increase of 97% compared to 1H 2021</li>
<li>India added 680 MW of solar open access capacity in Q2 2022, an 18% QoQ increase and a 223% YoY increase</li>
<li>As of June 2022, the total installed solar capacity in the open access segment was over 6.5 GW</li>
<li>About 2.8 GW of projects are under development and pre-construction phase in the pipeline</li>
<li>The top five states contributed to 91% of open access solar installations in Q2 2022</li>
<li>The highest solar capacity added during the quarter under open access was in Karnataka</li>
<li>Karnataka has the largest pipeline of open access solar projects in various stages of development</li>
</ul>
Contact Mercom for pricing: <a href="mailto:reports@mercomindia.com" target="_blank" rel="noopener noreferrer">reports@mercomindia.com</a> or call us at +91-80-41211148.
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Mercom India Solar Open Access Market Report Q2 2022

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India added 389 megawatts (MW) of rooftop solar capacity, a 15% decline compared to the 456 MW in Q1 2022. In a year-over-year (YoY) comparison, installations were down by 25%, according to Mercom India Research&#8217;s newly released &#8220;Mercom India Rooftop Solar Market Report Q2 2022&#8221;.
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&nbsp;
According to the report, at the end of Q2 2022, cumulative rooftop solar installations reached over 7.9 GW.
<a href="https://mercomindia.com/wp-content/uploads/2022/08/India-Rooftop-Solar-Demand-Forecast-MW.png"><img loading="lazy" decoding="async" class="aligncenter wp-image-40546" src="https://mercomindia.com/wp-content/uploads/2022/08/India-Rooftop-Solar-Demand-Forecast-MW.png" alt="India Rooftop Solar Demand Forecast (MW)" width="600" height="290" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/India-Rooftop-Solar-Demand-Forecast-MW.png 1417w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/India-Rooftop-Solar-Demand-Forecast-MW-300x145.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/India-Rooftop-Solar-Demand-Forecast-MW-768x371.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/India-Rooftop-Solar-Demand-Forecast-MW-650x314.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/India-Rooftop-Solar-Demand-Forecast-MW-624x301.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/India-Rooftop-Solar-Demand-Forecast-MW-600x290.png 600w" sizes="auto, (max-width: 600px) 100vw, 600px" /></a>
During the quarter, around 50% of installations were in the industrial segment, followed by approximately 35%, 13%, and 2% in commercial, residential, and government segments, respectively.
&#8220;Rooftop installation levels in the first half of the year have been solid, but supply chain issues and the resulting higher component costs and the basic customs duty took a toll on the market in the second quarter. Rooftop project costs have risen for six quarters in a row. But the economic case for rooftop solar is stronger than ever, and we expect the market to show strength going forward,&#8221; said Raj Prabhu, CEO of Mercom Capital Group.
The top 10 states accounted for nearly 73% of cumulative rooftop solar installations at the end of Q2 2022. Gujarat led all states, adding over 50 MW of rooftop solar capacity during the quarter, accounting for 13% of the quarter&#8217;s installations.
Key Highlights from Mercom India Research&#8217;s India Rooftop Solar Market Report Q2 2022
<ul>
<li>Rooftop solar installations totaled 845 MW in 1H 2022</li>
<li>In Q2 2022, India added 389 MW of rooftop solar capacity</li>
<li>Cumulative rooftop solar installations reached 7.9 GW as of Q2 2022</li>
<li>The top 10 states cumulatively accounted for nearly 73% of rooftop solar capacity</li>
<li>In Q2 2022, around 50% of rooftop solar installations came from the industrial segment, followed by approximately 35%, 13%, and 2% in commercial, residential, and government segments</li>
<li>Gujarat was the top state for cumulative rooftop solar installations, followed by Maharashtra and Rajasthan</li>
</ul>
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MERCOM INDIA ROOFTOP SOLAR MARKET REPORT Q2 2022 – 389 MW INSTALLED IN Q2 2022

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India added over 3.9 gigawatts (GW) of solar capacity in Q2 2022, an 18% increase compared to 3.3 GW installed in Q1 2022. Year-over-year (YoY) installations rose by 59% compared to the 2.4 GW added in Q2 2021, according to the newly released Q2 2022 India Solar Market Update.
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&nbsp;
In 1H 2022, India added around 7.2 GW of solar, a 59% increase compared to 4.5 GW installed in 1H 2021. During Q2 2022, 3.5 GW of large-scale solar was installed, a quarter-over-quarter (QoQ) increase of around 23%, and an 82% YoY increase.
India’s cumulative installed solar capacity now stands at 57 GW.
The country has a utility-scale projects development pipeline of over 58 GW. Another 37 GW of projects tendered are awaiting auction.
<img loading="lazy" decoding="async" class="aligncenter wp-image-40110" src="https://mercomindia.com/wp-content/uploads/2022/08/solar-installations-in-quarter-1.png" alt="solar installations in quarter" width="700" height="321" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/solar-installations-in-quarter-1.png 865w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/solar-installations-in-quarter-1-300x138.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/solar-installations-in-quarter-1-768x352.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/solar-installations-in-quarter-1-650x298.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/solar-installations-in-quarter-1-624x286.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/solar-installations-in-quarter-1-600x275.png 600w" sizes="auto, (max-width: 700px) 100vw, 700px" />
There is still a lot of ambiguity around projects impacted by the Great Indian Bustard (GIB). To protect the critically endangered bird, the Supreme Court said during the quarter that transmission lines running through the priority areas of the GIB need to have bird diverters installed before July 20, 2022. A Committee formed to review cases has approved only two of the eight applications received, and the remaining are still being scrutinized. This process is taking time and will likely affect project development this year.
In 1H 2022, India added around 9.3 GW of total power capacity, with most new installations coming from solar power. Solar accounted for 77.9% of new power capacity during the quarter, the largest share captured by solar in any given quarter.
Multiple government agencies announced about 9 GW of tenders in Q1 2022, an increase of 8% YoY compared to over 8 GW announced in Q2 2021. Tender activity in Q2 2022 increased by about 80% QoQ compared to over 5 GW released in Q1 2022.
Key Highlights from Mercom India Research&#8217;s Q2 2022 India Solar Market Update:
<ul>
<li>In 1H 2022, India added 7.2 GW of solar capacity, a 59% increase compared to 4.5 GW installed in 1H 2021</li>
<li>Large-scale solar accounted for 90% of the installations, and rooftop solar for the remaining 10%</li>
<li>India’s cumulative installed solar capacity now stands at 57 GW</li>
<li>In 1H 2022, renewable energy sources (including large hydro) accounted for about 90%</li>
<li>Solar accounted for 77.9% of new power capacity during the quarter</li>
<li>In Q2 2022, Rajasthan and Karnataka were the top states for solar installations</li>
<li>Q2 2022 was the best quarter for solar to date in India</li>
</ul>
&nbsp;
<a href="https://mercomindia.com/wp-content/uploads/2022/08/Infographic-v2-high-Final-edtd-scaled.jpg"><img loading="lazy" decoding="async" class="aligncenter wp-image-40092" src="https://mercomindia.com/wp-content/uploads/2022/08/Infographic-v2-high-Final-edtd-scaled.jpg" alt="solar Q2 2022" width="700" height="564" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/Infographic-v2-high-Final-edtd-scaled.jpg 2560w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/Infographic-v2-high-Final-edtd-300x242.jpg 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/Infographic-v2-high-Final-edtd-2000x1612.jpg 2000w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/Infographic-v2-high-Final-edtd-768x619.jpg 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/Infographic-v2-high-Final-edtd-1536x1238.jpg 1536w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/Infographic-v2-high-Final-edtd-2048x1651.jpg 2048w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/Infographic-v2-high-Final-edtd-650x524.jpg 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/Infographic-v2-high-Final-edtd-624x503.jpg 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/08/Infographic-v2-high-Final-edtd-600x484.jpg 600w" sizes="auto, (max-width: 700px) 100vw, 700px" /></a>
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Q2 2022 INDIA SOLAR MARKET UPDATE - 3.9 GW INSTALLED IN Q2 2022

Open access solar installations in India totaled 513 MW in the first quarter (Q1) of the calendar year (CY) 2022, registering a growth of 58% quarter-over-quarter (QoQ), compared to 324 MW installed in Q4 0221. The year-over-year (YoY) installations increased by 22% compared to 422 MW in Q1 2021.
At the end of March 2022, the cumulative installed solar capacity in the open access market stood at nearly 5.7 GW. The top five states in terms of open access installations accounted for 73% of the country&#8217;s cumulative open access installations.
The country&#8217;s development pipeline of open access solar projects is 2 GW at the end of Q1 2022.
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://mercomindia.com/mercom-india-solar-open-access-market-report-q1-2022-executive-summary-form" rel="noopener noreferrer">Download Executive Summary</a></div>
&nbsp;
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The report analyzes various short-term markets, such as the Day-Ahead Market (DAM), Green Day-Ahead Market (GDAM), Term-Ahead Market, Green Term-Ahead Market, and the Real-Time Market, which have been witnessing a growth in the recent past.
The report gives a detailed account of the relationship between the volume and price of green power transactions in the short-term market.
The report provides an overview of the solar open access business, retail electricity tariff, and the open access charges and costs for the following states: Karnataka, Rajasthan, Maharashtra, Madhya Pradesh, Andhra Pradesh, Tamil Nadu, Uttar Pradesh, Telangana, Haryana, Gujarat, Odisha, Chhattisgarh, Uttarakhand, Punjab, Himachal Pradesh, and Kerala.
The report also gives an overview of banking policies for Haryana, Rajasthan, and Gujarat.
It also includes opinions of open access installers across the country.
Key Highlights from Mercom India Research’s India Solar Open Access Market Report Q1 2022:
<ul>
<li>India added 513 MW of solar open access capacity in Q1 2022 installations, showcasing an increase of 58% QoQ and 22% YoY increase</li>
<li>As of March 2022, the total installed solar capacity in the open access segment crossed 5.7 GW</li>
<li>Karnataka had the highest solar open access installations in Q1 2022, accounting for 30% of the installations in Q1 2022</li>
<li>Maharashtra surpassed Tamil Nadu and Uttar Pradesh to become the second-largest state for cumulative open access solar installations </li>
<li>Maharashtra had the second-largest installations in Q1 2022, with an impressive 131% (QoQ) increase</li>
<li>Trading renewable energy through the green term-ahead market saw a 49% decrease in volume through October, November, and December 2021</li>
</ul>
Contact Mercom for pricing: <a href="mailto:reports@mercomindia.com" target="_blank" rel="noopener noreferrer">reports@mercomindia.com</a> or call us at +91-80-41211148.
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Mercom India Solar Open Access Market Report Q1 2022

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India added 456 megawatts (MW) of rooftop solar in Q1 2022, a 13% increase compared to the 402 MW installed in Q4 2021. In a year-over-year (YoY) comparison, installations were up by 34%, according to Mercom India Research’s newly released “Mercom India Rooftop Solar Market Report Q1 2022 .”
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&nbsp;
According to the report, at the end of Q1 2022, cumulative rooftop solar installations reached over 7.6 GW.
<a href="https://mercomindia.com/wp-content/uploads/2022/05/Rooftop-Installation-_Q1-2022.png"><img loading="lazy" decoding="async" class="aligncenter wp-image-36119" src="https://mercomindia.com/wp-content/uploads/2022/05/Rooftop-Installation-_Q1-2022.png" alt="Rooftop Installation _Q1 2022" width="600" height="310" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/05/Rooftop-Installation-_Q1-2022.png 817w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/05/Rooftop-Installation-_Q1-2022-300x155.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/05/Rooftop-Installation-_Q1-2022-768x397.png 768w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/05/Rooftop-Installation-_Q1-2022-650x336.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/05/Rooftop-Installation-_Q1-2022-624x322.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/05/Rooftop-Installation-_Q1-2022-600x310.png 600w" sizes="auto, (max-width: 600px) 100vw, 600px" /></a>
&#8220;It was another great quarter for the rooftop solar market as post-covid installations continued to surge. Rooftop installations have topped 400 MW for four quarters in a row, which is a first. Commercial and Industrial segments were again the driving force accounting for most of the installations. However, future growth is dependent on system costs. If the prices continue to go up and project economics deteriorate, demand is bound to contract in the short term,&#8221; said Raj Prabhu, CEO of Mercom Capital Group.
Gujarat was the top state for cumulative solar rooftop installations, with about 1.8 GW. Maharashtra and Rajasthan rank second and third, contributing 12% and 10% of total rooftop installations by the end of Q1 2022.
Key Highlights from Mercom India Research&#8217;s India Rooftop Solar Market Report Q1 2022
<ul>
<li>In Q1 2022, India added over 456 MW of rooftop solar capacity, the second-most in any quarter.</li>
<li>Cumulative rooftop solar installations reached 7.6 GW as of Q1 2022.</li>
<li>The top 10 states accounted for nearly 73% of rooftop solar capacity cumulatively.</li>
<li>In Q1 2022, 47% of rooftop solar installations came from the industrial segment, followed by 29%, 22%, and 2% in commercial, residential, and government segments.</li>
<li>Gujarat was the top state for cumulative rooftop solar installations, followed by Maharashtra and Rajasthan.</li>
<li>Year-over-year, rooftop solar system costs have increased 17%.</li>
</ul>
Contact Mercom for pricing: <a href="mailto:reports@mercomindia.com" target="_blank" rel="noopener noreferrer">reports@mercomindia.com</a> or call us at +91-080-41211148
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MERCOM INDIA ROOFTOP SOLAR MARKET REPORT Q1 2022 – 456 MW INSTALLED IN Q1 2022

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India added over 3 gigawatts (GW) of solar capacity, a 21% increase compared to 2.6 GW installed in Q4 2021. Year-over-year (YoY) installations rose by 50% compared to the 2 GW added in Q1 2021, according to the newly released Q1 2022 India Solar Market Update.
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://mercomindia.com/q1-2022-india-solar-market-update-executive-summary-form" rel="noopener noreferrer">Download Executive Summary</a></div>
&nbsp;
During Q1 2022, 2.7 GW of large-scale solar was installed, a quarter-over-quarter (QoQ) increase of 23% and a 53% YoY increase. Large-scale solar accounted for 85% of the installations, and rooftop accounted for the remaining 15% during the reporting period.
With the BCD applicable from the second quarter (Q2) of 2022 on solar cells and modules, this quarter saw a significant increase in solar module imports, noted the report. In Q1 2022, developers procured almost 10 GW of solar modules and stockpiled them ahead of the advent of Basic Customs Duty (BCD), which took effect on April 1, 2022.
<img loading="lazy" decoding="async" class="wp-image-35708 size-full aligncenter" src="https://mercomindia.com/wp-content/uploads/2022/05/Solar-Installation.png" alt="Solar Installation" width="676" height="361" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/05/Solar-Installation.png 676w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/05/Solar-Installation-300x160.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/05/Solar-Installation-650x347.png 650w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/05/Solar-Installation-624x333.png 624w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2022/05/Solar-Installation-600x320.png 600w" sizes="auto, (max-width: 676px) 100vw, 676px" />
Rajasthan became the first state to cross 10 GW of cumulative large-scale solar PV installations, with over 10 GW installed as of March 2022, and accounts for 24% of the total installations in the country.
Multiple implementing agencies announced about 5 GW of tenders in Q1 2022, a decrease of 52% YoY compared to over 10 GW announced in Q1 2021. Tender activity in Q1 2022 declined by about 18% QoQ compared to nearly 6 GW released in Q4 2021.
Key Highlights from Mercom India Research&#8217;s Q1 2022 India Solar Market Update:
<ul>
<li>In Q1 2022, India added over 3 GW of solar capacity, a 21% increase compared to 2.6 GW installed in Q4 2021. </li>
<li>Cumulatively, large-scale solar accounted for 86% of the installations, and rooftop solar for the remaining 14%.</li>
<li>India’s cumulative installed solar capacity now stands at 52 GW. </li>
<li>In Q1 2022, renewable energy sources accounted for about 81% of the new power capacity additions and solar 68%.</li>
<li>In Q1 2022, Rajasthan and Gujarat were the top states for solar installations.</li>
<li>Rajasthan became the first state to cross 10 GW of cumulative large-scale solar PV installations.</li>
</ul>
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Contact Mercom for pricing: <a href="mailto:reports@mercomindia.com" target="_blank" rel="noopener noreferrer">reports@mercomindia.com</a> or call us at +91-080-41211148.
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Q1 2022 INDIA SOLAR MARKET UPDATE - 3 GW INSTALLED IN Q1 2022

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Mercom’s India Solar Market Leaderboard report covers market shares and rankings across the Indian solar supply chain in the calendar year of 2021. It provides the most accurate and comprehensive coverage of India’s solar industry leaders.
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&nbsp;
Also, our <a href="https://mercomindia.com/product/mercoms-india-solar-market-share-tracker/" target="_blank" rel="noopener noreferrer">Market Share Tracker</a>, which gives insights into your competitors and their growth rates on a quarterly basis, is available in an excel format.
The report covers:
<ul>
<li>Top Utility-Scale Solar developers</li>
<li>Top Rooftop Solar installers</li>
<li>Top Large-scale EPC service providers</li>
<li>Top Central Inverter suppliers</li>
<li>Top String Inverter suppliers</li>
<li>Top Solar Module suppliers</li>
<li>Top Solar Module and Cell manufacturers</li>
<li>Top Solar Tracker suppliers</li>
<li>Top Mounting Structures suppliers</li>
<li>Top Solar Open Access installers</li>
<li>Top Robotic Cleaning system suppliers</li>
</ul>
Companies Covered in the report include:
ACME Solar | Adani Green Energy | Adani Solar | Azure Power | Aditya Birla Renewables | Aegeus Technologies | AMP Energy | Amplus Solar | Arctech | Avaada Energy | Ayana Renewables | Azure Power | BELECTRIC | BHEL | BloKleen Solar | Canadian Solar | CETC Renewable Energy Technology| CleanMax Enviro Energy | Cleantech Solar | Delta Electronics | Ecoppia | EDEN Renewables | Emmvee Photovoltic Power | Enerparc | Exosolar | FIMER India (ABB) | Fortum | Fourth Partner Energy | Ganges Internationale | German Solar | Ginlong (Solis) Technologies | Goldi Solar | Goodluck India | GoodWe | Greenko | Growatt | Harsha Abakus | Hartek | Havells India | Hero Future Energies | Hinduja Renewables Energy | Hitachi | Huawei | ISHKON Industries | JA Solar | Jakson Solar | Jinko Solar | Jupiter Solar | Kartikeya Industries | Langfang Sol-Bright Photovoltaic Technology | Kehua Tech | L&amp;T | LONGi Solar | Mahindra Susten | MAN Structurals | Metalkraft Forming Industries | NLC India | NTPC | NHPC | Nuevosol Energy | O2 Power | Orb Energy | Pahal Solar | Photom Technologies | Premier Energies | Prozeal Infra Engineering | Purshotam Profiles | Radiance Renewables | Raydean Industries | Rays Power Experts | Rays Power Infra | Refex Energy | ReneSola | ReNew Power | RenewSys India | Risen Energy | Roofsol Energy | RPK Green | Saatvik Green Energy | Scorpius Trackers | Sineng Electric | Siemens Gamesa | SJVN | Skilancer Solar | SMA | SNS Corporation | Solabot Technologies | Solar Square | Solavio Labs | Sprng Energy | Sterling &amp; Wilson | Strolar | Sungrow | Sunsure Energy | Tata Power Renewables | Tata Power Solar | TBEA Energy | TMEIC | Trina Solar | UPC Renewables | Vikram Solar | Voltas | Waaree Energies | Webel Energy System | Wuxi Suntech Power | ZnShine Solar
Know your competition and stay ahead of the game, get your copy of the Mercom India Solar Market Leaderboard report today!
Call us for pricing and details: +91.80.4121.1148 or email us at: <a href="mailto:info@mercomindia.com">info@mercomindia.com</a>.
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Mercom's India Solar Market Leaderboard 2022: Market Shares and Profiles

Mercom India Solar Open Access Market Report Q4 and Annual 2021

MERCOM INDIA ROOFTOP SOLAR MARKET REPORT Q4 AND ANNUAL 2021 – 1.7 GW INSTALLED IN 2021

2021 Q4 AND ANNUAL INDIA SOLAR MARKET UPDATE - 10 GW INSTALLED IN 2021

Mercom India Solar Open Access Market Report Q3 2021

MERCOM INDIA ROOFTOP SOLAR MARKET REPORT Q3 2021 – 448 MW INSTALLED IN Q3 2021

Q3 2021 INDIA SOLAR MARKET UPDATE - 2.8 GW INSTALLED IN Q3 2021

Mercom's India Solar Market Leaderboard 1H 2021: Market Shares and Profiles

Mercom India Solar Open Access Market Report Q2 2021

MERCOM INDIA ROOFTOP SOLAR MARKET REPORT Q2 2021 – 521 MW INSTALLED IN Q2 2021

Q2 2021 INDIA SOLAR MARKET UPDATE – 2.5 GW INSTALLED IN Q2 2021

India Open Access Solar Market Update Q1 2021

Q1 2021 INDIA SOLAR MARKET UPDATE – 2.05 GW INSTALLED IN Q1 2021

Mercom's India Solar Market Leaderboard 2021: Market Shares and Profiles

2020 Q4 and ANNUAL INDIA SOLAR MARKET UPDATE – 3.2 GW INSTALLED IN CY 2020

The Open Access Solar Market in India – Key States (Updated)

&nbsp;
India added 438 megawatts (MW) of solar capacity in Q3 2020, a 114% increase compared to 205 MW installed in Q2 2020. Solar installations were down by 80% year-over-year (YoY) compared to 2,177 MW added in Q3 2019.
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://mercomindia.com/q3-2020-india-solar-market-update-executive-summary-form" rel="noopener noreferrer">Download Executive Summary</a></div>
&nbsp;
Solar installations in the first nine months (9M) of 2020 totaled 1.73 gigawatts (GW), a 68% decline compared to 5.48 GW added in the same period of 2019.
Large-scale installations totaled 283 MW compared to 120 MW in the previous quarter. Year-over-year, large-scale installation levels decreased by 85% compared to 1,932 MW installed in Q3 2019.
Rooftop solar installations accounted for 155 MW in Q3 2020, an increase of 82% compared to 85 MW installed in Q2 2020. Year-over-year, rooftop installations declined 37% compared to the 245 MW added in Q3 2019.
<a href="https://mercomindia.com/wp-content/uploads/2020/11/Solar-Installations-by-Quarter-MW.png"><img loading="lazy" decoding="async" class="aligncenter size-full wp-image-22783" src="https://mercomindia.com/wp-content/uploads/2020/11/Solar-Installations-by-Quarter-MW.png" alt="Solar Installations by Quarter (MW)" width="613" height="333" srcset="https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2020/11/Solar-Installations-by-Quarter-MW.png 613w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2020/11/Solar-Installations-by-Quarter-MW-300x163.png 300w, https://mercomindia.s3.ap-south-1.amazonaws.com/wp-content/uploads/2020/11/Solar-Installations-by-Quarter-MW-600x326.png 600w" sizes="auto, (max-width: 613px) 100vw, 613px" /></a>
Maharashtra, Haryana, and Uttar Pradesh were the top three states for solar capacity additions, representing around 63% of Q3 installations.
Key Highlights from Mercom India Research&#8217;s Q3 2020 India Solar Market Update
<ul>
<li>Solar installations in India in Q3 2020 totaled 438 MW, a 114% increase compared to 205 MW installed in Q2 2020; large-scale solar installations added up to 283 MW, while rooftop installations accounted for 155 MW</li>
<li>Solar installations in the first nine months (9M) of 2020 totaled 1.73 GW</li>
<li>Cumulative solar installed capacity in India reached 37.4 GW at the end of Q3 2020</li>
<li>The large-scale solar project pipeline in India stood at 44.7 GW, with another 34.6 GW of tendered capacity pending auctions at the end of Q3 2020</li>
<li>Solar accounted for 41% of new power capacity additions in 9M 2020</li>
<li>Electricity generated from solar in Q3 2020 crossed 13 billion units</li>
</ul>
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Contact Mercom for pricing: <a href="mailto:reports@mercomindia.com" target="_blank" rel="noopener noreferrer">reports@mercomindia.com</a> or call us at 011-91-802-356-0436.
&nbsp;

Q3 2020 INDIA SOLAR MARKET UPDATE – INSTALLATIONS RISE TO 438 MW

Mercom's India Solar Market Leaderboard 1H 2020: Market Shares and Profiles

&nbsp;
India added 205 megawatts (MW) of solar capacity in Q2 2020, an 81% decline compared to 1,090 MW installed in Q1 2020. Solar installations were down by 86% year-over-year when compared to 1,510 MW added in Q2 2019. Q2 2020 recorded the lowest number in terms of quarterly solar installations since Q3 2014, which saw 197 MW of capacity additions.
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://mercomindia.com/q2-2020-india-solar-market-update-executive-summary-form" target="_self" rel="noopener noreferrer">Download Executive Summary</a></div>
Solar installations in the first half (1H) of 2020 totaled 1.3 gigawatts (GW), a 59% decrease compared to 3.2 GW of capacity added in 1H of 2019.
Large-scale installations during the quarter were 120 MW compared to 896 MW installed in Q1 2020. Compared to the same quarter in 2019, large-scale installations decreased by about 90%. However, there are currently 41.7 GW of large-scale projects under development, giving the industry a glimmer of hope for recovery. There are also another 32.4 GW of projects tendered and awaiting auction.
There were about 85 MW of rooftop solar installations, a decline of 56% compared to 194 MW installed in the last quarter. Rooftop installations declined by 71% compared to Q2 2019.
<a href="https://mercomindia.com/wp-content/uploads/2020/08/Solar-Installations-by-Quarter-MW.png"><img loading="lazy" decoding="async" class="aligncenter size-full wp-image-20668" src="https://mercomindia.com/wp-content/uploads/2020/08/Solar-Installations-by-Quarter-MW.png" alt="Solar Installations by Quarter (MW)" width="597" height="346" srcset="https://cms.mercomindia.com/wp-content/uploads/2020/08/Solar-Installations-by-Quarter-MW.png 597w, https://cms.mercomindia.com/wp-content/uploads/2020/08/Solar-Installations-by-Quarter-MW-300x174.png 300w" sizes="auto, (max-width: 597px) 100vw, 597px" /></a>
Mercom India Research is forecasting approximately 4 GW of solar to be added in 2020, which was the worst-case scenario laid out in out the previous report.
Overall power capacity additions across power generation sources in the first half of 2020 stood at 2.3 GW. Renewable-based sources accounted for nearly 85% of these installations.
Even during the downturn, almost 70% of the new power capacity additions came from solar and wind in the first half of the year, which is a positive takeaway from the report.
Key Highlights from Mercom India Research’s Q2 2020 India Solar Market Update
<ul>
<li>Solar installations in India in Q2 2020 totaled 205 MW, a decline of 81% compared to 1,090 MW installed in Q1 2020. </li>
<li>In Q2 2020, large-scale solar installations added up to 120 MW, while rooftop installations accounted for 85 MW</li>
<li>Cumulative solar installed capacity in India was approximately 37 GW at the end of Q2 2020</li>
<li>The large-scale solar project pipeline in India stands at 42 GW, with another 34 GW of tendered capacity pending auction at the end of Q2 2020</li>
<li>In Q2 2020, investments in the India solar sector totaled $100 million (~₹7.5 billion), 90% lower compared to Q1 2020</li>
<li>Solar accounted for 56% of the new power capacity added in 1H 2020</li>
<li>Electricity generated from solar in Q2 2020 crossed 15.7 billion units</li>
</ul>
<a href="https://mercomindia.com/wp-content/uploads/2020/08/Infographics-Final-1-scaled.jpg"><img loading="lazy" decoding="async" class="aligncenter size-full wp-image-20686" src="https://mercomindia.com/wp-content/uploads/2020/08/Infographics-Final-1-scaled.jpg" alt="India Solar Key Stats Q2 2020" width="2560" height="1810" srcset="https://cms.mercomindia.com/wp-content/uploads/2020/08/Infographics-Final-1-scaled.jpg 2560w, https://cms.mercomindia.com/wp-content/uploads/2020/08/Infographics-Final-1-300x212.jpg 300w, https://cms.mercomindia.com/wp-content/uploads/2020/08/Infographics-Final-1-1024x724.jpg 1024w, https://cms.mercomindia.com/wp-content/uploads/2020/08/Infographics-Final-1-768x543.jpg 768w, https://cms.mercomindia.com/wp-content/uploads/2020/08/Infographics-Final-1-1536x1086.jpg 1536w, https://cms.mercomindia.com/wp-content/uploads/2020/08/Infographics-Final-1-2048x1448.jpg 2048w, https://cms.mercomindia.com/wp-content/uploads/2020/08/Infographics-Final-1-650x460.jpg 650w, https://cms.mercomindia.com/wp-content/uploads/2020/08/Infographics-Final-1-624x441.jpg 624w, https://cms.mercomindia.com/wp-content/uploads/2020/08/Infographics-Final-1-600x424.jpg 600w" sizes="auto, (max-width: 2560px) 100vw, 2560px" /></a>
Contact Mercom for pricing: <a href="mailto:reports@mercomindia.com" target="_blank" rel="noopener noreferrer">reports@mercomindia.com</a> or call us at 011-91-802-356-0436.

Q2 2020 INDIA SOLAR MARKET UPDATE – 205 MW INSTALLED IN Q2 2020

&nbsp;
Solar installations in India declined by 43% in Q1 2020 reaching 1,080 MW, compared to 1,897 MW in Q4 2019. Installations were down by 39% year-over-year (YoY) compared to 1,761 MW in Q1 2019. Solar capacity additions in India in Q1 2020 were the lowest in a quarter since Q4 2016. In Q1 2020, large-scale solar projects totaled 886 MW, and rooftop solar installations added up to 194 MW.
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://mercomindia.com/q1-2020-india-solar-market-update-executive-summary-form" rel="noopener noreferrer">Download Executive Summary</a></div>
&nbsp;
The report forecasts solar installations of approximately 5 GW in 2020 as project timelines are extended and moved to 2021. The report goes into a detailed analysis of three different forecast scenarios.
The report identifies the lockdown imposed on the entire country due to the coronavirus pandemic since March 25, 2020, and the supply disruption caused by the shutdown in China as the reasons for solar installation declines in Q1 2020.
<a href="https://mercomindia.com/wp-content/uploads/2020/05/Solar-Installations-by-Quarter-MW-3.png"><img loading="lazy" decoding="async" class="aligncenter size-full wp-image-19316" src="https://mercomindia.com/wp-content/uploads/2020/05/Solar-Installations-by-Quarter-MW-3.png" alt="Solar Installations by Quarter (MW)" width="596" height="338" srcset="https://cms.mercomindia.com/wp-content/uploads/2020/05/Solar-Installations-by-Quarter-MW-3.png 596w, https://cms.mercomindia.com/wp-content/uploads/2020/05/Solar-Installations-by-Quarter-MW-3-300x170.png 300w" sizes="auto, (max-width: 596px) 100vw, 596px" /></a>
According to the report, cumulative solar installations reached 36.8 gigawatts (GW) at the end of Q1 2020. Large-scale solar projects accounted for 32.2 GW, whereas rooftop solar installations accounted for 4.6 GW.
The large-scale solar project development pipeline stands at 36.9 GW, along with 38.8 GW of projects tendered and pending auction at the end of Q1 2020.
Key Highlights from Mercom India Research’s Q1 2020 India Solar Market Update
<ul>
<li>In Q1 2020, India added 1,080 MW of solar installations, a decline of 43% compared to 1,897 MW installed in Q4 2019. YoY installations declined by 39% compared to 1,761 MW in Q1 2019</li>
<li>In Q1 2020, large-scale solar installations added up to 886 MW, while rooftop installations accounted for 194 MW</li>
<li>194 MW of rooftop solar projects were installed in Q1 2020, a decline of 36% compared to 304 MW added in Q4 2019. YoY installs fell by 26%, compared to 263 MW installed in Q1 2019</li>
<li>Cumulative solar installed capacity in India was approximately 36.8 GW at the end of Q1 2020.</li>
<li>The large-scale solar project pipeline in India stands at 36.9 GW with 38.8 GW tendered and pending auctions at the end of Q1 2020</li>
<li>Mercom forecasts installations of approximately 5 GW for CY 2020</li>
<li>In Q1 2020, investments in the India solar sector totaled over $970 million (~₹72.9 billion), 40% lower compared to Q4 2019</li>
<li>Solar now represents 9.8% of the total power installed capacity in India as of Q1 2020</li>
<li>Electricity generated from solar in FY 2019-20 accounted for 3.6% compared to 2.85% in FY 2018-19</li>
</ul>
<a href="https://mercomindia.com/wp-content/uploads/2020/05/Q1-2020-India-Solar-Market-Update-Infogram.png"><img loading="lazy" decoding="async" class="aligncenter size-full wp-image-19300" src="https://mercomindia.com/wp-content/uploads/2020/05/Q1-2020-India-Solar-Market-Update-Infogram.png" alt="Q1 2020 India Solar Market Update Infogram" width="3508" height="2480" srcset="https://cms.mercomindia.com/wp-content/uploads/2020/05/Q1-2020-India-Solar-Market-Update-Infogram.png 3508w, https://cms.mercomindia.com/wp-content/uploads/2020/05/Q1-2020-India-Solar-Market-Update-Infogram-300x212.png 300w, https://cms.mercomindia.com/wp-content/uploads/2020/05/Q1-2020-India-Solar-Market-Update-Infogram-1024x724.png 1024w, https://cms.mercomindia.com/wp-content/uploads/2020/05/Q1-2020-India-Solar-Market-Update-Infogram-768x543.png 768w, https://cms.mercomindia.com/wp-content/uploads/2020/05/Q1-2020-India-Solar-Market-Update-Infogram-1536x1086.png 1536w, https://cms.mercomindia.com/wp-content/uploads/2020/05/Q1-2020-India-Solar-Market-Update-Infogram-2048x1448.png 2048w, https://cms.mercomindia.com/wp-content/uploads/2020/05/Q1-2020-India-Solar-Market-Update-Infogram-650x460.png 650w, https://cms.mercomindia.com/wp-content/uploads/2020/05/Q1-2020-India-Solar-Market-Update-Infogram-624x441.png 624w, https://cms.mercomindia.com/wp-content/uploads/2020/05/Q1-2020-India-Solar-Market-Update-Infogram-600x424.png 600w" sizes="auto, (max-width: 3508px) 100vw, 3508px" /></a>
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Q1 2020 INDIA SOLAR MARKET UPDATE – 1,080 MW INSTALLED IN Q1 2020

Mercom's India Solar Market Leaderboard 2020: Market Shares and Profiles

&nbsp;
Indian solar installations accounted for 7,346 megawatts (MW) in calendar year (CY) 2019 compared to 8,338 MW in 2018 &#8211; a 12% decline year-over-year (YoY). The 7.3 GW installations in the year 2019 was in line with the Mercom’s previously announced revised forecast.
The large-scale solar projects accounted for 85% of installations with 6,242 MW  (7% YoY decline) and rooftop solar made up the remaining 15% adding 1,104 MW (33% YoY decline). Rooftop solar continues to face hurdles resulting in a decline in installations in 2019 after several years of positive growth.
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://mercomindia.com/2019-q4-annual-india-solar-market-update-executive-summary-form/" rel="noopener noreferrer">Download Executive Summary</a></div>
&nbsp;
By the end of 2019, the cumulative solar installations reached almost 35.7 gigawatts (GW). Large-scale projects accounted for 31.3 GW (87.6%) whereas rooftop solar installations accounted for 4.4 GW (12.4%).
The large-scale solar project development pipeline stands at 23.7 GW with 31.5 GW tendered and pending auctions at the end of Q4 2019.
The Indian solar market added 1,897 MW in Q4 2019, a 12.8% decrease, compared to 2,177 MW installed in Q3 2019. However, installations were up by 15.6% compared to 1,641 MW installed in Q4 2018. In Q4 2019, the large-scale solar projects came to 1,593 MW, while rooftop solar installations accounted for 304 MW, an increase of 24.1% compared to 245 MW installed in Q3 2019.
<a href="https://mercomindia.com/wp-content/uploads/2020/02/Solar-Installations-by-Quarter-MW.png"><img loading="lazy" decoding="async" class="aligncenter size-full wp-image-17804" src="https://mercomindia.com/wp-content/uploads/2020/02/Solar-Installations-by-Quarter-MW.png" alt="Solar Installations by Quarter (MW)" width="542" height="311" srcset="https://cms.mercomindia.com/wp-content/uploads/2020/02/Solar-Installations-by-Quarter-MW.png 542w, https://cms.mercomindia.com/wp-content/uploads/2020/02/Solar-Installations-by-Quarter-MW-300x172.png 300w" sizes="auto, (max-width: 542px) 100vw, 542px" /></a>
Multiple reasons led to decline in solar additions in 2019 including, elections, slowing economy, liquidity issues, Tariff caps, lack of financing, curtailment, payment delays, and PPA renegotiations in Andhra Pradesh.
The solar industry started slowing from the first quarter of the year when elections ground the activity to a halt with government agencies stopping approvals of licenses and permits. Slowdown in the economy followed by credit crunch made it tough for projects to get financed all year long. The slowdown in economy also reduced power demand which led to severe curtailment issues.
Moving forward, Government must take quick decisions to address all common issues and to create a conducive atmosphere which could potentially take the Indian solar industry in the top ranks by 2022.
Key Highlights from Mercom India Research’s Q4 &amp; Annual 2019 India Solar Market Update.
<ul>
<li>In calendar year (CY) 2019, India added a total of 7,346 MW in large-scale and rooftop solar projects, a 12% decline compared to 8,338 MW installed in 2018</li>
<li>In Q4 of 2019, the Indian solar market added 1,897 MW, a 16% increase from 1,641 MW installed in Q4 2018</li>
<li>A total of 1,104 MW of rooftop solar projects were installed in 2019, a decline of 33% compared to 1,655 MW added in 2018</li>
<li>Cumulative solar installations in the country reached 35.7 GW by December 2019 with large-scale projects accounted for 88% whereas rooftop installations accounted for 12%</li>
<li>Mercom India Research forecasts CY 2020 solar installations at approximately 8.5 GW</li>
<li>The solar power generation in CY 2019 totaled 46 BUs, a 27% increase compared to the 36 BUs generated in the previous year</li>
<li>In CY 2019, the investments made in the Indian solar sector totaled over $8.2 billion (~₹585.4 billion), which is 16% lower compared to $9.8 billion (~₹699.6 billion) investments made in CY 2018</li>
</ul>
&nbsp;
&nbsp;
<a href="https://mercomindia.com/wp-content/uploads/2020/02/India-Solar-Key-Stats-2019-3.png"><img loading="lazy" decoding="async" class="aligncenter size-full wp-image-17822" src="https://mercomindia.com/wp-content/uploads/2020/02/India-Solar-Key-Stats-2019-3.png" alt="India Solar Key Stats 2019" width="1103" height="1080" srcset="https://cms.mercomindia.com/wp-content/uploads/2020/02/India-Solar-Key-Stats-2019-3.png 1103w, https://cms.mercomindia.com/wp-content/uploads/2020/02/India-Solar-Key-Stats-2019-3-300x294.png 300w, https://cms.mercomindia.com/wp-content/uploads/2020/02/India-Solar-Key-Stats-2019-3-1024x1003.png 1024w, https://cms.mercomindia.com/wp-content/uploads/2020/02/India-Solar-Key-Stats-2019-3-768x752.png 768w, https://cms.mercomindia.com/wp-content/uploads/2020/02/India-Solar-Key-Stats-2019-3-650x636.png 650w, https://cms.mercomindia.com/wp-content/uploads/2020/02/India-Solar-Key-Stats-2019-3-624x611.png 624w, https://cms.mercomindia.com/wp-content/uploads/2020/02/India-Solar-Key-Stats-2019-3-45x45.png 45w, https://cms.mercomindia.com/wp-content/uploads/2020/02/India-Solar-Key-Stats-2019-3-600x587.png 600w" sizes="auto, (max-width: 1103px) 100vw, 1103px" /></a>
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2019 Q4 and ANNUAL INDIA SOLAR MARKET UPDATE – 7.3 GW INSTALLED IN CY 2019

&nbsp;
Solar installations in India increased by 44% in Q3 2019 reaching 2,170 MW, compared to 1,510 MW in Q2 2019. Installations were up by 36% year-over-year (YoY) compared to 1,592 MW in Q3 2018.
<div class="cms-button-wrap vc_btn3-container more-art-btn vc_btn3-center" style="text-align: center;"><a class="vc_general cms-button md cms-default btn-icon-animate vc_btn3-block green" style="color: white !important; text-transform: inherit; font-weight: bold; font-size: 18px; background: #ed8b23; padding: 10px 17px;" title="" href="https://mercomindia.com/q3-2019-india-solar-market-update-executive-summary-form" rel="noopener noreferrer">Download Executive Summary</a></div>
&nbsp;
Solar installations in the first nine months (9M) of 2019 reached 5.4 gigawatts (GW), a decline of 19%, compared to 6.7 GW of capacity added in 9M of 2018. Of the added capacity in 9M 2019, large-scale projects made up 85% and rooftop installations accounted for 15%.
Rooftop solar installations declined by just 16% quarter-over-quarter (QoQ) in Q3 2019, totaling 245 MW compared to 292 MW installed in Q2 2019. Rooftop solar installations fell by 44% YoY compared to 435 MW installed in Q3 2018.
<a href="https://mercomindia.com/wp-content/uploads/2019/11/Solar-Installations-by-Quarter-MW.png"><img loading="lazy" decoding="async" class="aligncenter size-full wp-image-16462" src="https://mercomindia.com/wp-content/uploads/2019/11/Solar-Installations-by-Quarter-MW.png" alt="Solar Installations by Quarter (MW)" width="573" height="338" srcset="https://cms.mercomindia.com/wp-content/uploads/2019/11/Solar-Installations-by-Quarter-MW.png 573w, https://cms.mercomindia.com/wp-content/uploads/2019/11/Solar-Installations-by-Quarter-MW-300x177.png 300w" sizes="auto, (max-width: 573px) 100vw, 573px" /></a>
According to the report, cumulative installed solar capacity stood at 33.8 GW by the end of Q3 2019. Of the total installed solar capacity to date, large-scale projects accounted for 88% and rooftop installations with 4,061 MW (12%).
Mercom India Research revised its forecast down to ~7.3 GW of solar capacity additions in CY 2019 from the previous estimate of approx 8 GW. This is an annual 12% decrease from 2018 installations of 8.3 GW. Mercom also estimates that for the first time, India will mark 10 GW of annual installations in CY 2020 assuming stable market conditions.
The report attributed the revision in solar estimates for 2019 to a slowdown in rooftop solar installations, partial commissioning of large-scale solar projects and over a gigawatt of projects that were scheduled to be commissioned in the third and fourth quarters have been postponed to 2020 for various reasons.
Key Highlights from Q3 2019 India Solar Market Update: &#8211;
<ul>
<li>Solar installations in India in Q3 2019 totaled 2,170 MW, a 44% increase compared to 1,510 MW installed in Q2 2019</li>
<li>In Q3 2019, large-scale installations added up to 1,925 MW (89%), while rooftop installations accounted for 245 MW (11%)</li>
<li>Cumulative installed solar capacity in India stood at 33.8 GW by the end of Sep 2019. Of this, cumulative rooftop solar installations crossed 4 GW.</li>
<li>Solar accounted for 41.4% of the new power capacity additions in 9M 2019</li>
<li>Renewable energy capacity additions continue to increase at a significant pace in India, accounting for approximately 35.7% of India’s power capacity mix cumulatively</li>
<li>Solar electricity generation crossed 10 billion units (BUs) in Q3 2019</li>
<li>In Q3 2019, investments in the Indian solar sector were 11% lower compared to investments made in Q2 2019</li>
</ul>
<a href="https://mercomindia.com/wp-content/uploads/2019/11/India-Solar-Key-Stats-Q3-2019-1.png"><img loading="lazy" decoding="async" class="aligncenter size-full wp-image-16469" src="https://mercomindia.com/wp-content/uploads/2019/11/India-Solar-Key-Stats-Q3-2019-1.png" alt="India Solar Key Stats Q3 2019" width="626" height="613" srcset="https://cms.mercomindia.com/wp-content/uploads/2019/11/India-Solar-Key-Stats-Q3-2019-1.png 626w, https://cms.mercomindia.com/wp-content/uploads/2019/11/India-Solar-Key-Stats-Q3-2019-1-300x294.png 300w, https://cms.mercomindia.com/wp-content/uploads/2019/11/India-Solar-Key-Stats-Q3-2019-1-624x611.png 624w, https://cms.mercomindia.com/wp-content/uploads/2019/11/India-Solar-Key-Stats-Q3-2019-1-45x45.png 45w, https://cms.mercomindia.com/wp-content/uploads/2019/11/India-Solar-Key-Stats-Q3-2019-1-600x588.png 600w" sizes="auto, (max-width: 626px) 100vw, 626px" /></a>
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