According to the latest report released by JMK Research, in the first half of 2023, India will add 6794MW of photovoltaic installed capacity. Among them, the rooftop solar energy sector has increased by 2294MW, which is higher than the total installed rooftop photovoltaic capacity in 2022. The installed capacity of wind power surged by 166% year-on-year to 1878MW.

In the first half of 2023, Gujarat's installed solar capacity will be 1.6GW, ranking first in the country. And, thanks to its wind-solar hybrid policy, Gujarat is also leading the way with 1.039GW of installed wind capacity in the first half of 2023.

JMK analysts expect India to add 7GW-8GW of solar and 1.5GW of wind in the second half of 2023. Analysts said, "The sharp drop in solar module prices over the past few months and India's decision to relax the Approved List of Types and Manufacturers (ALMM) for two years in order to boost installed PV capacity will be key factors in increasing solar installed capacity in the second half of this year. key drivers of

According to the Ministry of New and Renewable Energy (MNRE), as of June 30, 2023, the cumulative installed capacity of renewable energy power generation in India reached 129.6GW, and solar energy accounted for about 54% of the total installed capacity of renewable energy.