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Daily News Wrap-Up: Solar Open Capacity Up 153% in 1H of 2024

GERC sets a levelized tariff of ₹2.76/kWh for solar power projects below 5 MW

September 6, 2024

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India added 3.6 GW of solar open access capacity in the first half (1H) of 2024, a 153% increase from the 1.4 GW installed during the same period in 2023, according to the Q2 2024 Mercom India Solar Open Access Market Report. The capacity added in the first half of this year exceeded the total annual installations of any previous year. This growth was driven by the availability of low-cost solar modules imported in earlier quarters. In the second quarter of 2024, India added nearly 1.8 GW of solar open access capacity, a slight decrease of 2.5% compared to the more than 1.8 GW installed in Q1 2024.

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