India installed about 14.7 GW of solar capacity in fiscal 2024. This included 11.7 GW of utility-scale solar installations and 3 GW of rooftop solar. The top three states for new additions were Gujarat (4.8 GW), Rajasthan (3.4 GW), and Madhya Pradesh (0.8 GW), according to JMK Research & Analytics.
As of March 31, 2024, about 68.2 GW of utility-scale solar capacity had been commissioned in India, while another 65.6 GW is under pipeline (where auctions are completed). Rajasthan has 19.9 GW of installed solar capacity, followed by Gujarat (10.6 GW) and Karnataka (9.2 GW).
JMK said India will commission about 16.9 GW of new utility-scale solar projects and 4 GW of rooftop or onsite solar projects in the year ending March 31, 2025.
Domestic panel manufacturers Waaree, Adani, and Vikram Solar exported about 50% to 70% of their total solar module production in fiscal 2024. Sungrow, Fimer and Sineng led in inverter shipments.
