About 1.1 GW of solar open access capacity added in Q3 2024 Published 4 days ago By SuperAdmin According to the report, the capacity added in the first nine months of 2024 surpassed annual installations witnessed in any of the previous years.Mumbai: In the first nine months (9M) of calendar year (CY) 2024, India added 4.8 gigawatts (GW) of solar open access capacity, up almost 69 per cent compared to 2.8 GW installed in 9M 2023, according to Mercom's Q3 2024 India Solar Open Access Market Report.According to the report, the capacity added in the first nine months of 2024 surpassed annual installations witnessed in any of the previous years.It added that the availability of low-cost solar module inventory, procured before the reimposition of the Approved List of Models and Manufacturers order, fueled capacity additions in the first half of 2024, leading to record installations in 9M 2024.“In the third quarter (Q3) of 2024, India added about 1.1 GW of solar open access capacity, a drop of over 36 per cent from 1.7 GW installed in Q2 2024. Installations dropped 6.5 per cent year-over-year (YoY) compared to over 1.1 GW added in Q3 2023,” it said.According to the report, capacity additions during Q3 were hampered by delays in several projects, primarily due to limited transmission infrastructure and challenges in land acquisition.Additional factors, such as delays in grid connectivity approvals and the higher costs of ALMM-enlisted Indian modules compared to imported ones, further contributed to the slowdown.In Q3 2024, Maharashtra led solar open access capacity additions, accounting for nearly 27 per cent of installations. Tamil Nadu and Uttar Pradesh followed, accounting for almost 24 per cent and over 15 per cent of the projects commissioned.Cumulative installed solar open access capacity stood at 17.8 GW as of September 2024.
