According to JMK Research, in Q1-Q3 2023, India added 8.5 GW of solar capacity, including 5.06 GW utility-scale, 3 GW rooftop, and 0.4 GW off-grid. Notably, there’s a 25% decrease in overall solar installations from the previous year, driven by an 84% decline in utility-scale solar, to 5.06 GW in 2023. In contrast, rooftop solar installations surged, showing a 2.3x increase, reaching 3 GW .
JMK reports 25% decrease in PV installations
The report anticipates adding 11 GW of solar capacity in India by 2023, including 7 GW utility-scale, 3.5 GW rooftop, and 500 MW off-grid installations. Illustration from SolarBytes.
Capri Global’s partnered with Credit Fair to ensure digital access to solar finance, helping homeowners and businesses adopt renewable energy. (Image Credit/Source: fietzfotos/Pixabay)
The IEA’s latest report reveals that module prices have halved since early 2023, as the market faces a surplus in solar manufacturing. (Image Credit/Source:Pixabay/Pexels)
SECI’s petition for tariff adoption under Section 63 of the Electricity Act, 2003 for a 900 MW hybrid project is now awaiting a CERC decision. (Image Credit/Source: Pixabay/Pexels )
The CFSE will include a 30,000-square-foot lab and solar tracker setups for real-time training. (Image Source: BUSINESS WIRE)