Solar capacity additions in India are set to surge in the upcoming Financial Year (FY) 2026 and FY27, with a projected addition of 85-90 GW of new solar capacity during this period, as per a report by SBI Caps. This boost in solar capacity is indicative of the country’s commitment to renewable energy and meeting its climate goals. The report highlights the growing importance of solar energy in India’s energy mix and the significant role it will play in reducing carbon emissions. With the government’s push towards clean energy and favorable policies promoting solar power development, the solar sector is poised for rapid growth in the coming years. The increase in solar capacity will not only contribute to energy security but also create job opportunities and drive economic growth. The projections by SBI Caps underscore the immense potential for solar energy in India and the need for continued investments in the sector to harness this abundant renewable resource. As the country strives to transition towards a sustainable energy future, the acceleration in solar capacity additions marks a significant milestone in India’s renewable energy journey.
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India set to add 85-90 GW of solar capacity in FY26 and FY27, says SBI Caps report.
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