India Solar Map 2023 is an info-graphic report covering growth of utility scale solar sector – national and state-wise commissioned and pipeline capacity, leading market players and portfolio details of top 16 project developers. Capacity addition in 2023 fell 51% YOY to 5,924 MW taking total utility scale solar capacity to 59,840 MW. Total project pipeline stands at a record 74,161 MW.

Figure: Solar power capacity addition, MW

Source: BRIDGE TO INDIA research

Key highlights:

1. Rajasthan, Gujarat and Tamil Nadu are the top three states for capacity commissioned in 2023 with a combined market share of 66%.
2. Open access capacity addition touched a high of 3,191 MW in 2023. Gujarat, Tamil Nadu, Maharashtra, Karnataka and Uttar Pradesh were the five leading states for new open access projects.
3. Cleanmax, Jinko, Sungrow and Tata were the top players across project development, module supply, inverter supply and EPC businesses respectively for projects commissioned in 2023.
4. Adani, NTPC, ReNew and Azure have the largest solar pipeline capacity at 10,700 MW, 8,168 MW, 5,048 MW and 4,546 MW respectively.
5. Share of imported modules in the year continued to remain high at 83%.
6. The EPC business remains highly fragmented with share of top ten players at only 35%.