DH Latest NewsDH NEWSLatest NewsIndiaNEWS

India adds 25.3 gigawatt solar module capacity

New Delhi: A report published by Mercom India showed that India added 25.3 gigawatt (GW) of solar module capacity and 11.6 GW of solar cell capacity in the year 2024. The manufacturing capacity additions were driven by the demand for the solar project pipeline and the reimposition of the Approved List of Models and Manufacturers (ALMM) from April 2024.

According to the report, approximately 64.6 GW of the total module production capacity was listed under the ALMM order. Among states, Gujarat emerged as the most preferred location for the installation of photovoltaic (PV) manufacturing facilities, with 42% of the country’s module capacity located in the state. As of December 2024, the state accounts for over 37% of the country’s annual solar cell production capacity, the highest in the country.

Tamil Nadu and Rajasthan were the other top states accounting for 10% and 8% of the country’s solar module manufacturing capacity, respectively. Karnataka and Tamil Nadu accounted for 18% and 12% of the country’s total solar cell production units, respectively, after Gujarat.

Also Read: Stock Market: Indian equity markets open higher 

During the last calendar year, various public sector and government entities issued tenders totalling 9.9 GW to procure solar modules in 2024, registering an increase of 6% from the previous year. In 2024, 1.7 GW of module and 11.3 MW of solar cell supply auctions were concluded.

The country imported 65.9 GW of solar modules and cells last year. While modules accounted for 36% of the imports, cells made up for the remaining 64%. Domestic manufacturers exported 4.5 GW of solar modules in 2024, down 6% from 4.8 GW exported in 2023.

shortlink

Post Your Comments


Back to top button