India’s rooftop solar capacity increased by 86% in 2024, driven by the PM Surya Ghar: Muft Bijli Yojana. Wind power projects secured bids from NLC India and Adyant Enersol, while Power Grid Corporation of India received letters of intent for three transmission projects worth Rs 107.5 billion.
The Lakshadweep Electricity Department invited bids for 2,107 kW of rooftop solar systems with battery storage, while the State Power Generation Company issued tenders for a 125 MW/500 MWh standalone battery energy storage system. The Indian Energy.
Exchange recorded an 85% year-over-year increase in green energy trading, with 552 million units traded in February 2025. Array Technologies reported $275.2 million in revenue for Q4 2024.
India’s rooftop solar installations experienced a remarkable surge in 2024, with capacity additions reaching 3.2 GW, marking an 88% increase compared to 2023.
This substantial growth underscores the nation’s commitment to renewable energy and reflects the effectiveness of supportive policies and initiatives.
Overall Solar Capacity Expansion
In 2024, India added a record 25.2 GW of solar photovoltaic (PV) capacity, a 204% increase from the 8.3 GW added in 2023. This expansion highlights the country’s dedication to enhancing its renewable energy infrastructure.
State-wise Contributions
The states of Rajasthan and Gujarat played pivotal roles in this expansion, contributing significantly to the overall solar PV installations in 2024. Their proactive policies and abundant solar resources have positioned them as leaders in the renewable energy sector.
- Government Initiatives: The introduction of schemes like the PM Surya Ghar: Muft Bijli Yojana has incentivized residential and commercial sectors to adopt solar energy. Within ten months of its launch, the scheme facilitated 700,000 rooftop solar installations across the country. Several factors have contributed to the impressive growth in rooftop solar installations:
- Cost Competitiveness: The decreasing costs of solar panels and related technologies have made rooftop solar installations more affordable for a broader segment of the population.
- Environmental Awareness: Increasing awareness about environmental sustainability has motivated individuals and businesses to invest in clean energy solutions.
Challenges and Considerations
Land Acquisition: Securing land for large-scale solar projects has led to conflicts, as seen in Nandgaon, Maharashtra, where Tata Power’s 100 MW solar development faced opposition from local farmers. Despite the remarkable growth, challenges persist:
- Grid Integration: Integrating the rapidly expanding solar capacity into the existing power grid requires substantial upgrades and investments to ensure stability and reliability.
Future Outlook
India’s trajectory in renewable energy is poised for continued growth. Companies like Tata Power have announced significant investments, such as a $14.3 billion commitment in Rajasthan over the next decade, focusing on renewable energy projects, including rooftop solar installations.
These investments align with India’s goal to achieve 500 GW of non-fossil fuel power by 2030, reinforcing the nation’s position as a global leader in renewable energy adoption.
In conclusion, the 88% surge in rooftop solar installations in 2024 reflects India’s robust progress toward a sustainable energy future. While challenges remain, the combined efforts of government initiatives, private investments, and public awareness are driving the nation toward its renewable energy goals.
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