These additions have increased India’s total operating solar capacity to 81.8GW. Consequently, India needs to add another 103.8GW of solar capacity within the next four years to meet its target. Moreover, in the fiscal year 2024, India has more than tripled utility-scale renewables tender capacity to 69.8GW, 48% of which from solar PV. Out of the nearly 70GW of capacity tendered from 1 April 2023 until 31 March 2024, 40GW ended up being awarded, according to a report from the Institute for Energy Economics and Financial Analysis (IEEFA) and JMK Research & Analytics. Although India boasts ambitious targets, it is still facing several challenges to increase its installed solar capacity, incl
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