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India's Solar Capacity Addition to Reach 16-18 GW in FY24

Power | Utility Scale Solar PV | Investments

India is expected to add a record 16-18 GW of renewable energy capacity in FY24, exceeding the annual target of 20 GW. This growth is driven by factors like low module prices and a robust policy pipeline that includes 68 GW of solar projects in the next 20 months and an additional 82 GW planned for the following three years.


Capacity additions have been up and down last few years, but it has to up, up and up from now on if we are to achieve the total capacity target of 270 GW by end of 2030.

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