Solar capacity additions in India are set to accelerate in the upcoming Financial Year (FY) 2026 and FY27, as per a report by SBI Caps. The report suggests that a staggering 85-90 GW of new solar capacity is expected to be added during these two years combined. This forecast indicates a significant boost in the country’s solar energy sector, highlighting the growing importance of renewable energy sources in India’s power generation mix. The surge in solar capacity additions is a promising sign for the country’s efforts towards achieving its renewable energy targets and reducing its carbon footprint. With the government’s continued focus on promoting solar energy through various initiatives and policies, the solar sector is poised for rapid expansion in the coming years. This projected increase in solar capacity aligns with India’s commitment to increasing its renewable energy capacity and reducing its dependence on fossil fuels. As the country continues to ramp up its solar installations, it is expected to further solidify its position as a global leader in renewable energy adoption. The growth in solar capacity additions not only contributes to India’s energy security but also creates new opportunities for investment, job creation, and sustainable development.
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SBI Caps report forecasts rapid solar capacity growth in India, with 85-90 GW additions in FY26 and FY27.
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