India added 8.5 GW of solar in first nine months of 2023


India installed about 8.5 GW of solar capacity in the first nine months (January to September 2023) of 2023, about 25% less than the PV installations during the corresponding period in 2022—according to a new report by JMK Research.

The 8.5 GW capacity addition included 5.06 GW of utility-scale solar, 3 GW of rooftop solar, and another 0.4 GW of off-grid solar. Utility-scale solar installations in the Jan-Sept. 2023 period (5.06 GW) were 84% down from 9.3 GW installed during the same period in 2022. Rooftop solar installations (3 GW), on the other hand, were 2.3 times up year-on-year.

In the wind segment, 2.28 GW of new capacity was added from January to September 2023. This is 123% higher than the 1.02 GW capacity added in the first nine months of 2022, according to JMK Research.

In terms of cumulative solar and wind installations as of September 30, 2023, Adani is the leading player with about 8.3 GW of operational capacity and another 20.4 GW of projects in the pipeline.

Q3 2023

In the third quarter ending September 2023, about 0.85 GW of utility-scale solar capacity and about 0.7 GW of rooftop solar was added.

Sungrow was the leading inverter supplier followed by Sineng and FIMER.

Jinko topped in solar module supplies with about 23.5% share of total shipments.


JMK Research analysts expect the installation activity to pick up with about 4.8 GW of solar and 2.2 GW of wind capacity likely to be added in the next two quarters.

Annually, India is expected to install about 11 GW of new solar capacity in 2023, including 7 GW from utility-scale, 3.5 GW from rooftop solar, and another 500 MW from off-grid component. Whereas in the wind segment, around 3 GW of new capacity is likely to be added in 2023.


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