Between fiscal years 2022 and 2024, India increased its import of solar modules 23-fold, primarily to the US, according to a new report from IEEFA and JMK Research.
India installed 12.9GW of renewable energy capacity in 2023, over 10GW of which was solar PV capacity. This represents a 28% decline in PV additions and an 18% drop in overall renewables capacity additions year-on-year.
