India Reaches 100 GW of Solar Capacity and Accelerates Its Energy Transition

India has surpassed 100 gigawatts (GW) of installed solar capacity, marking a significant increase over the past decade. This expansion aligns with its goal of reaching 500 GW of non-fossil energy capacity by 2030.

Share:

Subscribe for unlimited access to all the latest energy sector news.

Over 150 multisector articles and analyses every week.

For less than €3/week*

*For an annual commitment

*Engagement annuel à seulement 99 € (au lieu de 149 €), offre valable jusqu'au 30/07/2025 minuit.

India continues to accelerate its development in the renewable energy sector with a new milestone: its installed solar capacity reached 100.33 gigawatts (GW) at the end of January 2025. This figure represents a significant increase from the 2.82 GW recorded in 2014, according to the Ministry of New and Renewable Energy.

Growth Driven by Ongoing Projects

The rapid increase in solar capacity is largely attributed to ongoing projects and active tenders. Currently, 84.10 GW are under implementation, while an additional 47.49 GW are in the tendering process. Furthermore, India is expanding its hybrid and round-the-clock (RTC) renewable energy projects, with 64.67 GW under implementation or awarded, bringing the total of solar and hybrid projects to 296.59 GW.

An Increasing Share in the Energy Mix

Solar energy plays a central role in the country’s energy transition, accounting for 47% of the total installed clean energy capacity. In 2024, India added 18.5 GW of new utility-scale solar installations, a 2.8-fold increase compared to the previous year. In 2023, a record-breaking 24.5 GW of solar capacity had already been added, demonstrating strong momentum in the sector.

States Leading the Growth

Several states are significantly contributing to this rapid expansion of solar energy. Rajasthan, Gujarat, Tamil Nadu, Maharashtra, and Madhya Pradesh are among the key drivers of this growth. Their strategic role is due to favorable climatic conditions and local initiatives supporting investments in solar infrastructure.

2030 Target: Moving Toward 500 GW of Non-Fossil Energy

India has set an ambitious goal of reaching 500 GW of non-fossil energy capacity by 2030. The development of solar infrastructure, alongside other renewable energies, is a crucial component in achieving this target. With increasing tenders and a rapidly growing capacity, the country is positioning itself as a key player in the global energy market.

Gentari has started construction at the Maryvale site, a solar project combined with a 409 MWh battery storage system, located in Central-West Orana and backed by a long-term public contract.
Casa dos Ventos has chosen Nextracker to equip four solar and hybrid projects totalling 1.5 GW, marking its first large-scale entry into the solar sector in Brazil.
Melvan obtains €4.26mn in bank financing to develop three solar power plants totalling 3.9 MWp, with construction scheduled to start in the second half of 2025.
Arevon’s Eland Solar-plus-Storage project, with a capacity of 758 megawatts and integrated storage, enters full operation in California after two phases and more than $2 bn in investment.
5N Plus announces the extension of its supply agreement with First Solar, including a 33% increase in cadmium telluride volumes by 2026 and the delivery of new essential materials for photovoltaic production.
Scatec has finalised the financing for its 142 megawatt solar project in Minas Gerais, Brazil, marking a new milestone for the Norwegian company in the South American market.
Fortistar and Epic Star Energy take control of a group of strategic renewable assets, including a solar power plant in Kauai, marking a major milestone for Hawaii's energy development.
According to Wood Mackenzie, the end of the tax credit in the United States could lead to a 46% drop in new residential solar installations by 2030, despite strong long-term market potential.
Audax Renovables commits EUR17mn to a 21.88 MWp solar plant in Navalmoral de la Mata, targeting annual output of 42 GWh, backed by structured financing from the European Investment Bank.
Solarcentury commissions 25 MWp at Mailo, Zambia, connecting for the first time a merchant solar plant to the Southern African Power Pool and begins construction of the next phase.
Solarise Africa secures $3.3mn in financing from Mergence Investment Managers to accelerate the deployment of solar systems for the commercial and industrial sector in Africa.
First Solar anticipates higher revenue for the current year, driven by an increase in solar panel prices following the introduction of new import tariffs.
GoldenPeaks Capital commissions two large-scale photovoltaic plants in Hungary, strengthening the integration of independent solar generation and the electricity supply on the national market.
Emerge has signed a twenty-year contract with Misk City for the supply of solar electricity through a 621 kWp photovoltaic plant, supporting the site’s environmental certification and urban transformation.
SANY begins construction of a 10 MW solar power plant in Zimbabwe, the first African project integrating engineering, procurement and financing, while continuing its expansion in microgrids and hybrid solutions across the continent.
Stem deploys a grid optimisation solution for the Camino solar site, with a capacity of 57 MW, in California, meeting IEEE 2800 standards and targeting operational reliability and market performance.
Green Hybrid Power secures initial $4.4mn financing to launch a 1 GW floating solar power plant in Zimbabwe, aiming to supply 500 MW to industry under a twenty-year contract.
Loblaw Group will deploy a 7.5 MW photovoltaic installation on the roof of its East Gwillimbury distribution centre, generating up to 25% of the site’s annual electricity and marking a new step for the Canadian logistics sector.
Savion, a Shell subsidiary, transfers majority ownership of five solar projects to Tango Holdings, 80% owned by Ares, to optimise the U.S. renewable electricity production portfolio and improve the profitability of the oil group’s investments.
Investment fund KKR is committing $335mn in a strategic partnership with CleanPeak Energy to accelerate the rollout of solar, storage and microgrid solutions aimed at Australian businesses.
Consent Preferences