ReNew, Waaree Energies, First Solar, Adani Solar, and Emmvee Photovoltaic Power led the annual solar module manufacturing capacity additions in the calendar year (CY) 2023, according to Mercom’s India Solar Market Leaderboard Report 2024 India added 20.8 GW of solar modules and 3.2 GW of solar cell production capacity in  CY 2023, according to Mercom’s State of Solar PV Manufacturing in India 2024 report. The country’s cumulative solar module and cell manufacturing capacity reached 64.5 GW and  5.8 GW, respectively, as of December 2023.