ReNew, Waaree Energies, First Solar, Adani Solar, and Emmvee Photovoltaic Power led the annual solar module manufacturing capacity additions in the calendar year (CY) 2023, according to Mercom’s India Solar Market Leaderboard Report 2024.
India added 20.8 GW of solar modules and 3.2 GW of solar cell production capacity in CY 2023, according to Mercom’s State of Solar PV Manufacturing in India 2024 report.
The country’s cumulative solar module and cell manufacturing capacity reached 64.5 GW and 5.8 GW, respectively, as of December 2023.
Of the installed module manufacturing capacity, about 60% was equipped to make modules in M10 and G12 wafer sizes.
ReNew and Waaree Energies led the capacity additions, each accounting for 19% of the total capacity additions during the year.
ReNew, Waaree Energies, First Solar, Adani Solar, and Emmvee Photovoltaic Power led the annual solar module manufacturing capacity additions in the calendar year (CY) 2023, according to Mercom’s India Solar Market Leaderboard Report 2024.
India added 20.8 GW of solar modules and 3.2 GW of solar cell production capacity in CY 2023, according to Mercom’s State of Solar PV Manufacturing in India 2024 report.
The country’s cumulative solar module and cell manufacturing capacity reached 64.5 GW and 5.8 GW, respectively, as of December 2023. Of the installed module manufacturing capacity, about 60% was equipped to make modules in M10 and G12 wafer sizes.
As of December 2023, monocrystalline modules accounted for 67.5% of the country’s module production capacity, followed by polycrystalline, Tunnel Oxide Passivated Contact (TOPCon), and thin-film.
ReNew and Waaree Energies led the capacity additions, each accounting for 19% of the total capacity additions during the year. First Solar, Adani Solar, and Emmvee Photovoltaic Power rounded off the top five.
