And now they are getting commissioned, which in turn, is getting reflected in solar capacity addition figures. In the first nine months (9M) of the calendar year (CY) 2024, solar projects totaling 16.4 GW were added in India, an increase of over 167 percent compared to 6.2 GW in 9M 2023. In fact, solar installations topped all prior nine months and annual installations. When comparing YoY, large-scale solar capacity additions rose almost 77 percent from the 1.6 GW installed in Q3 2023. Solar open access projects accounted for nearly 39 percent of large-scale solar installations in Q3 2024. There are clear indications that India is on track for its best year in solar.
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