ANNUAL
INDIA SOLAR
REPORT CARD
CY2023
 SOLAR INSTALLATIONS INDIA
State wise cumulative Utility Scale installations as of December 2023 (GWAC)
Annual Utility Scale Solar Installations (MWAC)
Odisha kerala
0.5 GW 0.3 GW,
80,000 0.01 GW Other States
Chhattisgarh 1.2 GW, 1.8 GW
70,000
6,495 60,933 0.8 GW, 0.2 GW
60,000
Capacity (MW)

11,758
Others, 22.3% Punjab
50,000
7,886 1 GW, 0.4 GW Rajasthan
40,000 3,472 17.4 GW
7,030 State, 40.3% 23.1 GW
30,000 6,629 Uttar Pradesh
20,000 17,663 2.4 GW, 0.4 GW
10,000 Central, 37.4% Co
m
Telangana
0 3.8 GW, 0.1

m
GW

iss
Until 2018 2019 2020 2021 2022 2023 Until GW

.7.0G1W

ione
2017 Dec 2023

-5614

d-6
Madhya Pradesh Total: 124.9
107.8 GW

inee-

56
2.8 GW, 2.2 GW

0.19G
Across India
Annual Installations (MWAC)

liln
(ISTS)

GW
e
iPpip

W
P 16.8 GW
Tamil Nadu
Utility Scale (6,495) Rooftop (3,002) 5.9 GW, 0.2 GW

2,456
Commissioned
1,788

3,510
2,022
1,197
5,016

1,559
2,811

CY2023 546
673

Rooftop (4,200)
Gujarat
Utility Scale (15,938)
Maharashtra 6.9 GW
Projection 8.7 GW
6,685
7,364

4.6 GW, 2.6 GW

1,889
8,034

2,090
5,486

3,318
882
750
724

CY2024 Andhra
Pradesh
Karnataka 4.4 GW
Utility scale Rooftop/Onsite 8.9 GW, 0.5 GW 7 GW
Central State Others OPEX CAPEX Commissioned
Pipeline
Note: Note:
- Rooftop solar includes all installations on open ground spaces, roof, parking lot or any other area within the premises. - State wise installation trends are for utility scale solar projects above 1 MW only. State wise rooftop solar projects are not available
- Projects are split between Central /State based on tendering authority that allots projects. ‘Others’ include third party/open access/captive projects.
- Pipeline includes projects allotted to developers under various central/ state tenders but not yet commissioned.
- All installation capacity numbers mentioned in this report are AC capacity numbers unless otherwise mentioned.
 STATE PROFILES
Installation Trends (MWAC) State-district wise installations (MWAC) Installation Trends (MWAC) State-district wise installations (MWAC)

Andhra Pradesh
Others, 6% Others, 9%
18,000 2,238 17,430 5,000
Others, 7% Chittoor, 4%
5,977 391 132 28 4,416
Rajasthan

State, 19%
Capacity (MW)

Capacity (MW)
15,000 Bikaner, 27% 4,000 593 Others, 9%
Kadapa, 10%
437
12,000 635 State, 25%
3,710 3,000
Jaisalmer, 35% Ananthapuramu,
9,000 2,200
49%
1,152 Central, 75% 2,000
6,000 1,263 Central, 66%
3,000 2,296 794 17,430
1,000
4,416
Jodhpur, 32% Kurnool, 28%
0 0

10,000 4,000 96 112 10 3,846

361 8,893 356 17 132 Others, 34% Mehbubnagar, 24%
627
Tumkur, 30% Others, 15%
Karnataka

Telangana
Capacity (MW)

Capacity (MW)
534 3,123
8,000 1,936 88 Others, 43%
Others, 36% 3,000
6,000 2,879
2,000 State, 66%
4,000 State, 44%
2,468 Medak, 17%
Chitradurga, 9% 1,000
2,000 8,893 Rangareddy, 5% 3,846
Central, 20% Bellary, 6% Central, 20%
0 Koppal, 4% 0 Nalgonda, 9%
Bidar, 4% Nizamabad, 12%
Raichur, 4%

Madhya Pradesh
1,310 6,861 Others, 55% Patan, 15%
7,000 3000 361 2,773
Others, 33% Others, 31%

Capacity (MW)
6,000 1,600 86 43
Capacity (MW)

Surendranagar, 13% 657 Others, 24% Rewa, 27%

Gujarat

5,000
1,231
2000
4,000 328
1,298 State, 44%
3,000 594 State, 67%
524 1000
2,000 1,410 193 Banaskantha, 10%
Ujjain, 5% Khandwa, 13%
1,000 6,861 Central, 32% 2,773
Neemuch, 6%
0 Central, 3% Kutch, 6% 0 1,110
Shivpuri, 6% Mandsaur, 12%

Kanpur, 14%

Uttar Pradesh
752 5,921
6,000 Ramanathapuram, 3000
Tamil Nadu

976 Others, 34% 24%

Capacity (MW)
173 2,386
Capacity (MW)

5,000 337
318 Others, 18% Jalaun, 13%
4,000 1,672 188 2000 775
State, 46% Others, 53%
3,000 Others, 49%
211
Tirunelveli, 8% 123 State, 67%
113
2,000 1,805 1000 330
Prayagraj, 11%
535
1,000 Central, 20% 5,921 Tuticorin, 8% 2,386
Central, 15% Chitrakoot, 7%
0 Virudhanagar, 7% 0
Mahoba, 6%

5,000 1000 950 15 5 970

891 4,590 Solapur, 12% Others, 2% Others, 11%
Others, 68%
Maharashtra
Capacity (MW)

Capacity (MW)

4,000 1,070 Sangrur, 4%

Others, 45% Dhule, 7% 750
3,000 Sri Muktasar ,9% Mansa, 36%
Punjab

774 Jalgaon, 5%
500 State, 96%
2,000 388 State, 36%
550 152 Satara, 4%
250
1,000 765
Osmanabad, 4%
Central, 19% Fazilka, 15%
0 4,590 0 Central, 2%
970
Until
2017
2018

2019

2020

2021

2022

2023
Until
Dec’2023

Until
2017
2018

2019

2020

2021

2022

2023
Until
Dec’2023
Bhatinda, 26%
 Central Inverters

INVERTERS
Others, 1.6%
Hitachi, 0.8%
TMEIC, 0.9%

%
1.3

,2
ER
FIM
Leading central and string inverter suppliers in India in CY2023

Sun
grow, 49.2%
Sungrow 13,315 MWAC

Sineng

FIMER

Si n
en
26

g,
. 3%
Growatt

Goodwe
Note:
Inverter suppliers are ranked basis their shipment in India from Jan - Dec 2023 period.
SOFAR Data in this analysis is the shipment/ sales data of players in India market and not basis
project commissioning.
Polycab

Deye For CY 2023, we have received more

String Inverters
than 23 GW of inverter shipment FIMER, 0.5%
data from 20 leading suppliers. Statcon Energiaa, 0.7% Waaree, 0.4%
Hitachi, 1.0% Livguard, 0.2%
Hopewind EVVO, 1.1% Others, 5.7%
SolarEdge, 1.3%
Havells Sungrow, 16.8%
INVT Solar, 1.4%
Hitachi Havells, 2.1%
Hopewind, 2.2%
INVT Solar
Solax, 5.4%
SolarEdge
Deye, 5.6%
Solis, 12.8%
TMEIC 10,686 MWAC
EVVO
Polycab, 6.6%

Statcon Energiaa
Central (MW)
Waaree String (MW)
SOFAR, 7.3% Sineng, 11.3%

Livguard
Goodwe, 8.5% Growatt, 9.0%
0 2000 4000 6000 8000 10000
Note:
Shipped Capacity (MW) The analysis includes overlapping data of OEMs who would have supplied inverters to
other players as well. Actual split of inverters sold by OEMs under own brand or other
players' brand is not available.
 MODULES

Aatmanirbhar Solar, 0.1%

Sunbond Energ, 0.4%
PV Po
Leading domestic module suppliers export data in CY 2023

Others, 3.5%
Ins

Citizen, 0.4%
Novasys
wer T ce, 0.6 %
Cred Solar, , 1.1%%
Pah
ola

Pixon, 0.4%

1%
3.
tio

al Icon , 1.1

2
Vi

en
ech, 0 %
3500 80

r,
nE
kr

la
So
, 0.5%
am vit

ne ar, 1 .2%

o
nk
.5%
So as,
N

rgy .1%

1.0
J

Ji
a
Em aks

l
70
3000
63.3 63.3 m on
v ,

1
60.9 Ax ee 1.4
ite , 1.5 %
Re c, %

Exports as %share of Production

60 Ne 1.5
Module Export Capacity (MW)

2500 Tat w %
aP , 1.
ow 6%
er,
1.9%
50 (Chin Astroner
t Gro g
2000 up), 1 y
.9%
Gautam So
lar, 2.0%
Total
40
Module Shipment in
1500 CY2023
RenewSys, 2.8%
30 25,707 MWDC
.9%
1000 on, 2 Lon
Rayz gi, 15
20 .5%
15.0
%
, 3.2
vik
500 Saat
7.9 10
3.6 3.2%
2.0 2.8 e,
1.0 1.1 n
0.1 0.2 s hi %
0 0 Zn 3.3
s,
Waaree

Adani

Vikram Solar

RenewSys

Saatvik

Goldi Solar

Sunbond Energy

Jakson

Premier Energies

Rayzon

Navitas

Novasys

ie
rg

.4%
e

Tri
n
rE

r, 3

na
ie

, 3.4
ola

,8
em

Waaree, 7.0%
Pr

.5%
iS

ani
ld
Go

Ad
Domestic
Chinese/ International
Note:
JA Solar, Suntech and Canadian Solar have not shared their data, hence not included. Suppliers are ranked basis their
shipment/ supplies in India market from Jan-Dec 2023 period. Include all module supplies to utility scale, onsite, offgrid
as well as solar pumping segment.
 UTILITY SCALE SOLAR
Project Developers EPC Players

Adani, 11.5%

Others, 15.0%

Other, 39.0% Enrich Energy, 0.7%

ReNew, 5.9% Refex Energy, 0.8%
Jakson, 0.9% Self EPC, 34.3%
Solarworld Energy, 1.2%
UPC Renewables, 4.6% Saatvik, 1.3%
Insolare Energy, 1.3%
Addwatt, 1.4%
Ampin Energy, 3.4%
Oriano Solar, 1.6%
6,495 MW Everrenew, 1.6% 6,495 MWAC
Fourth Partner, 3.3%
Gensol, 2.2%
Tata Power, 3.1% BHEL, 2.6%

Avaada, 3.1% Tata Power, 3.1%

Azure, 3.0%
Vikram Solar, 5.8%
SJVN, 1.2% Shell (Sprng Energy), 2.6%
Sunsure, 1.5% Continuum Wind, 2.6%
Cleanmax, 1.6%
Sterling & Wilson, 7.1% Waaree, 19.1%
Radiance, 1.8% NTPC Limited, 2.6%
Cleantech Solar, 1.9%
GSECL, 2.3% Rising Sun, 2.5%
Aditya Birla, 2.5%

Note:
Sterling & Wilson, Tata Power, Everrenew and Oriano Solar have not confirmed their data.
LEADERBOARD CY2023

Discom PPA Inverters

Discom PPA Module Discom
suppliersPPA Discom PPA
EPC Contractors
Commissioned projects Inverter shipments
Commissioned
India supplies projects India shipment
Commissioned projects EPC Contractors
Commissioned projects
Project Developers (Central+String) Module shipments (Utility Scale)
(Utility Scale)
Rank
Adani Adani Adani

1 Adani Sungrow Jinko Solar Waaree

2 ReNew Sineng Longi Sterling & Wilson
3 UPC Renewables FIMER Trina Vikram Solar

4 Ampin Energy Solis Waaree Tata Power

5 Fourth Partner Energy Growatt Adani BHEL

6 Tata Power Goodwe Goldi Solar Gensol

7 Avaada SOFAR Premier Energies Everrenew

8 Azure Polycab Znshine Oriano Solar

9 Shell (Sprng Energy) Deye Saatvik Addwatt

10 Continuum Wind Energy Solax Rayzon Insolare Energy

Note:
DISCOM PPA projects are utility scale projects allotted by central and state agency tenders, where end power offtake is by State Distribution Utilities. Players are ranked basis AC commissioned
capacity in CY2023
- Corporate PPA projects are private PPA projects where power offtaker is a private player. Onsite PPA are rooftop/ onsite projects setup under OPEX model. Offsite PPA are open access private
solar parks projects. Players are ranked basis DC commissioned capacity in CY2023
- Inverter and Module suppliers are ranked basis their India shipment numbers in CY2023
Capacity addition, Developers, Module suppliers,
Tariff trends, Inverter suppliers, Turbine
Leading players suppliers
market share etc. Installation trends, Projects,


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