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India Achieves Record 25.2 GW Solar Capacity Addition in 2024
Feb 26, 2025
India installed 25.2 GW of solar capacity in 2024, a 204% increase over the 8.3 GW added in 2023, marking the highest annual addition to date.
Key Highlights
- Total Power Capacity Additions: 34.7 GW (Solar accounted for 73%)
- Large-Scale Solar: 22 GW (235% YoY increase), with 31% from open access
- Rooftop Solar: 3.2 GW, driven by the PM Surya Ghar program
- Top States: Rajasthan (32%), Gujarat (27%), Maharashtra (8%)
Q4 2024 Solar Growth
- 7.8 GW installed (118% QoQ, 303% YoY increase)
- Large-scale projects: 6.5 GW (83% of Q4 capacity)
- Rooftop solar: 1.3 GW (17%)
- State Leaders: Rajasthan (44%), Gujarat (17%), Maharashtra (9%)
Market Trends & Challenges
- Project Pipeline: 177.5 GW of large-scale solar, with 141.9 GW tendered
- Record Solar Tenders & Auctions:
- 79.3 GW of tenders (+39% YoY)
- 48.1 GW of auctions (+117% YoY)
- Q4 Tendering Drop: 13.7 GW, down 14% YoY
- Project Costs: 2% QoQ rise, 8% YoY drop
- ISTS Waiver Uncertainty: A key industry challenge
India’s solar expansion is accelerating but must reach 35 GW annually to meet 2030 targets. Policy stability, transmission infrastructure, and domestic module pricing remain critical factors for future growth.