Solar capacity additions in India are set to accelerate in the Financial Year (FY) 2026 and FY27, with a projected 85-90 GW of new solar capacity to be added during these years, as per a report by SBI Caps. This surge in solar power installations indicates a significant boost to the renewable energy sector in the country. The report highlights the growing importance of solar energy as a key component of India’s energy mix, emphasizing the country’s commitment to reducing reliance on non-renewable sources of energy. With the government’s push towards achieving its renewable energy targets, the solar sector is expected to witness substantial growth in the coming years. This anticipated increase in solar capacity additions not only signifies a positive shift towards cleaner energy sources but also presents immense opportunities for investment and job creation in the renewable energy industry. As India aims to meet its ambitious renewable energy goals, the rise in solar capacity additions is a crucial step towards achieving a sustainable and eco-friendly energy landscape. The report by SBI Caps underlines the potential for further expansion and development of solar power in the country, paving the way for a greener and more sustainable future.
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SBI Caps report forecasts rapid solar capacity growth with 85-90 GW additions in FY26 and FY27.
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