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Mercom India Solar Open Access Market Report Q42024 Exec Summary

In 2024, India added 6.9 GW of solar open access, marking a 77% increase year-over-year, with cumulative installations reaching 20.2 GW. Maharashtra, Rajasthan, and Karnataka were the top states for capacity additions, while Karnataka led in cumulative installations. The report provides comprehensive insights into the solar open access market, including market conditions, projections, and policy updates.

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0% found this document useful (0 votes)
72 views6 pages

Mercom India Solar Open Access Market Report Q42024 Exec Summary

In 2024, India added 6.9 GW of solar open access, marking a 77% increase year-over-year, with cumulative installations reaching 20.2 GW. Maharashtra, Rajasthan, and Karnataka were the top states for capacity additions, while Karnataka led in cumulative installations. The report provides comprehensive insights into the solar open access market, including market conditions, projections, and policy updates.

Uploaded by

Shivani singh
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Solar Open Access – Installations

6.9 In 2024, 6.9 GW of solar open access was added,


GW up more than 77% year-over-year (YoY)

2.1 In Q4, India added 2.1 GW of solar open access, an


GW increase of over 92% quarter-over-quarter (QoQ)

20.2 Cumulative open access solar installations stood at


GW 20.2 GW at the end of December 2024

25.7 The pipeline of projects under development and


GW pre-construction phase was 25.7 GW

The year over year (YoY) installations by states for solar open access is available in the full report

The year over year (YoY) installations by states for


solar open access is available in the full report
Solar Open Access – State-wise Overview
Maharashtra, Rajasthan, and Karnataka led the
Top
States capacity additions in 2024, contributing to about
18%, 15%, and 14% of the installations

In Q4, about 24% of the installations were in


24%
Maharashtra, the highest in the country

Karnataka remained the leading state with about


25%
25% of the cumulative installations

Punjab led energy procurement from G-DAM,


28%
accounting for about 28%

Get our open access project tracker for a full list of solar open access projects

Get our open access project tracker for a full list of


solar open access projects
Mercom India’s Solar Open Access Market Report Q4 & Annual
The report includes:
2024 provides you with the most comprehensive report on the Indian
solar open access market. The report, delivers high-quality research • Market Overview
and analysis, facts and figures for the solar industry investors and • Installations
• Projections
participants. Primary data for the report is directly collected from • Current Scenario
government agencies, developers, investors, manufacturers, installers • Short-term Transactions
and other industry stakeholders. The report offers details on prevailing • Long-term Open Access
• Banking Regulations
market conditions, issues and challenges, and the outlook for India’s • In-depth Analysis of Solar Open Access
solar open access industry. Charges in Seventeen Major States
Click here to purchase a copy of Q4 Annual 2024 Mercom India Solar Open Access Market Report
• In-depth analysis of Retail Supply Tariff in
Major States
• Policy Updates and Analysis
Click here to purchase a copy of Q4 & Annual 2024 Mercom • Current PPA Trends
• Current Trends in Business Models
India Solar Open Access Market Report • Industry Survey

Who Needs to Purchase this Report?


• Project Developers • EPC Provider • Investors, Banks and Financial Institutions
• Component Manufacturers • BOS Suppliers • Installers
• Utility/IPPs • Investment Firms/Funds • Foreign Entrants

Copyright 2025 | Mercom Capital Group, llc


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