From pv journal India
India put in 14.9 GW of photo voltaic within the first half of calendar 12 months 2024, topping all earlier half-year and annual totals, in response to a report by Mercom India Research.
Mercom stated the commissioning of a number of delayed tasks contributed to rising capability within the first half of 2024.
“2024 is shaping as much as be a breakout 12 months for the Indian photo voltaic trade, with a formidable first half,” stated Raj Prabhu, CEO of Mercom Capital Group. “However, to make sure that the robust pipeline of tasks and ramped-up tender exercise interprets into well timed installations, it’s important that we deal with the challenges of element provide and grid connectivity with the urgency for us to achieve the goal of 280 GW by 2030.”
By June 2024, India’s put in photo voltaic capability has reached 87.2 GW, with utility-scale tasks accounting for practically 87% and rooftop photo voltaic for over 13%. Solar power at present accounts for 19.5% of India’s electrical energy capability and greater than 44% of complete renewable power capability.
Rajasthan, Gujarat, and Karnataka paved the way in large-scale photo voltaic installations, contributing 29%, 15%, and 14% of the nation’s complete capability, respectively.
In the second quarter, 5 GW of photo voltaic capability was commissioned, marking a 49% lower from the 9.9 GW put in within the first quarter of 2024.
During the second quarter of 2024, 4.3 GW of main photo voltaic tasks had been accomplished, together with practically 1.8 GW of open entry photo voltaic. Although main photo voltaic capability additions decreased by greater than 55% from the primary quarter of 2024, they elevated by 191% year-over-year in comparison with the second quarter of 2023.
Analysts stated the mission delays had been attributable to grid connectivity and transmission points affecting quarterly additions. The reimposition of the Approved List of Models and Manufacturers (ALMM) order additional delayed many open entry tasks.
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