India to add 85-90 GW of solar capacity in FY26 and FY27, predicts SBI Caps report.

According to a recent report by SBI Caps, India is set to witness a significant acceleration in solar capacity additions in the upcoming Financial Year (FY) 2026 and FY27. The report suggests that the country is expected to add a staggering 85-90 GW of new solar capacity during these two years combined. This surge in solar capacity additions highlights the growing importance of renewable energy sources in India’s energy landscape. The government’s push towards clean energy and the decreasing costs of solar technology are believed to be key factors driving this rapid expansion in solar capacity. The report also indicates that the renewable energy sector is poised for substantial growth in the coming years, offering immense opportunities for investment and development. With India’s commitment to achieving its renewable energy targets, the future looks promising for the solar industry in the country. This projected increase in solar capacity underscores India’s transition towards a more sustainable and environmentally friendly energy sector. As the country continues to prioritize renewable energy initiatives, the solar industry is expected to play a crucial role in meeting India’s growing energy demands while reducing its carbon footprint.

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