India's solar surge: Q1 2024 sees record 10 GW expansion
POWER & RENEWABLE ENERGY

India's solar surge: Q1 2024 sees record 10 GW expansion

The Indian solar segment reportedly achieved a record capacity addition of 10 GW during the first quarter of 2024, equivalent to the total addition made in the entire calendar year 2023.

It was stated that the 10 GW addition marked the highest-ever quarterly increase to date, with only 2 GW added in Q1 of 2023.

In Q1 2024, a total of 15.2 GW of new power capacity was reported to have been added, with solar power contributing two-thirds (66 per cent) of this. It was mentioned that large-scale solar projects accounted for 9.7 GW, including 1.8 GW from open-access solar projects.

The surge in solar installations during Q1 2024 was attributed to various factors, including the commissioning of delayed projects that had received extensions due to high module prices in previous quarters.

Developers were said to have benefited from falling module prices, the suspension of the approved list of models and manufacturers (ALMM) order, and the approval of grid connectivity for projects previously stalled by habitat concerns for the Great Indian Bustard (GIB), which facilitated project completions.

Rajasthan and Gujarat were reported to have led in large-scale solar installations in Q1 2024, accounting for 38 per cent and 35 per cent of the capacity additions, respectively, while Madhya Pradesh ranked third with 8 per cent.

As of March 2024, it was indicated that India?s total installed solar capacity stood at 82 GW, representing 18.5 per cent of the country?s total installed power capacity and 43 per cent of its total installed renewable energy capacity.

Rajasthan was mentioned to have had the highest cumulative installed large-scale solar capacity, making up 29 per cent of the country?s total installations as of March 2024, followed by Gujarat and Karnataka with 14 per cent each.

It was also reported that India?s pipeline for large-scale solar projects stood at 143 GW, with an additional 93 GW of projects tendered and pending auction at the end of Q1 2024.

Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

The Indian solar segment reportedly achieved a record capacity addition of 10 GW during the first quarter of 2024, equivalent to the total addition made in the entire calendar year 2023. It was stated that the 10 GW addition marked the highest-ever quarterly increase to date, with only 2 GW added in Q1 of 2023. In Q1 2024, a total of 15.2 GW of new power capacity was reported to have been added, with solar power contributing two-thirds (66 per cent) of this. It was mentioned that large-scale solar projects accounted for 9.7 GW, including 1.8 GW from open-access solar projects. The surge in solar installations during Q1 2024 was attributed to various factors, including the commissioning of delayed projects that had received extensions due to high module prices in previous quarters. Developers were said to have benefited from falling module prices, the suspension of the approved list of models and manufacturers (ALMM) order, and the approval of grid connectivity for projects previously stalled by habitat concerns for the Great Indian Bustard (GIB), which facilitated project completions. Rajasthan and Gujarat were reported to have led in large-scale solar installations in Q1 2024, accounting for 38 per cent and 35 per cent of the capacity additions, respectively, while Madhya Pradesh ranked third with 8 per cent. As of March 2024, it was indicated that India?s total installed solar capacity stood at 82 GW, representing 18.5 per cent of the country?s total installed power capacity and 43 per cent of its total installed renewable energy capacity. Rajasthan was mentioned to have had the highest cumulative installed large-scale solar capacity, making up 29 per cent of the country?s total installations as of March 2024, followed by Gujarat and Karnataka with 14 per cent each. It was also reported that India?s pipeline for large-scale solar projects stood at 143 GW, with an additional 93 GW of projects tendered and pending auction at the end of Q1 2024.

Next Story
Real Estate

Gujarat Struggles to Curb Illegal Constructions in Ahmedabad

The Gujarat Regulation of Unauthorised Development Act, 2022, presents a contradiction. While it ostensibly seeks to curb unauthorised development, it simultaneously legalises such constructions upon payment of a fee. Despite being introduced initially in the early 2000s, then again in 2011, and most recently enacted in 2022, the legislation has failed to halt the rise of illegal constructions or unapproved extensions to residential and commercial properties. The Ahmedabad Municipal Corporation's (AMC) practice of demolishing certain structures while regularising others for a fee has weakened..

Next Story
Real Estate

DTCP Issues Notices for Building Code Violations in Gurugram's DLF

Following a recent survey that identified illegal construction and unauthorized commercial activities at 4,183 properties in DLF Phases 1 to 5, the Department of Town and Country Planning (DTCP) informed the Punjab and Haryana High Court about the issuance of notices to property owners. DTCP indicated that 1,138 notices had already been served to homeowners in DLF Phase 3, with additional notices to be issued soon. Property owners have until January 31 to revert to the approved building designs and cease all illegal commercial operations. Failure to comply would result in demolition and seali..

Next Story
Infrastructure Urban

Gujarat HC Removes GST on Industrial Leases to Encourage Investment

The recent ruling is set to streamline transactions and potentially encourage increased investments in India’s industrial and commercial leasing sectors. The judgment addressed whether transferring leasehold rights for Gujarat Industrial Development Corporation (GIDC) plots constitutes a ‘supply’ under the GST Act. The court determined that these transactions involve the transfer of immovable property rather than a service, thereby placing them outside the purview of GST. This decision offers significant relief to industries such as manufacturing, logistics, and warehousing, where long..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000