SBI Caps report forecasts rapid growth with 85-90 GW of new solar capacity in India by FY26-FY27.

According to a report by SBI Caps, India is expected to witness a significant acceleration in solar capacity additions in the Financial Year (FY) 2026 and FY27. The report predicts that the country will add 85-90 GW of new solar capacity during these two years combined. This surge in solar capacity installations aligns with India’s commitment to renewable energy and reducing its carbon footprint. The growth in solar energy infrastructure will play a crucial role in meeting the country’s energy demands and achieving its renewable energy targets. With a strong focus on solar power generation, India aims to increase its clean energy capacity and decrease its reliance on fossil fuels. This expansion in solar capacity is expected to create new opportunities for investment, job creation, and technological advancements in the renewable energy sector. The government’s continued support and initiatives to promote solar energy projects will further drive the growth of the solar industry in India. As the country moves towards a more sustainable energy future, the increased adoption of solar power will contribute to environmental conservation and mitigating the effects of climate change.

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