India witnessed a 44% decline in solar installations in 2023, reaching 7.5 GW, largely attributed to land acquisition-related challenges, according to research firm Mercom Capital. The cumulative installed solar capacity as of December 2023 stood at 72 GW, with utility-scale projects comprising 85.4% and rooftop solar 14.6%. Large-scale solar installations fell 51%, primarily due to land and transmission issues
State-wise data reveals a growth in solar power capacity since 2019-20, with Gujarat, Karnataka, and Rajasthan making substantial contributions. Private sector investments, facilitated through a transparent bidding process, have been instrumental in driving these installations.
India’s new national electricity plan is hailed by energy experts as a positive step for a country that is currently reliant on coal for around 75 percent of its electricity.