{"id":4613,"date":"2026-08-03T15:32:30","date_gmt":"2026-08-03T15:32:30","guid":{"rendered":"https:\/\/futureknowledge.in\/?p=4613"},"modified":"2026-08-03T15:32:30","modified_gmt":"2026-08-03T15:32:30","slug":"india-emerges-as-worlds-second-fastest-growing-solar-power-market","status":"publish","type":"post","link":"https:\/\/futureknowledge.in\/?p=4613","title":{"rendered":"India Emerges as World\u2019s Second-Fastest Growing Solar Power Market"},"content":{"rendered":"

Installed solar capacity rises to 162 GW as renewable energy push gathers pace<\/strong><\/p>\n

New Delhi, Aug 3:<\/strong>\u00a0India has become the world’s second-fastest growing solar energy market after adding 37 GW of new solar capacity in 2025, overtaking the United States, according to a government factsheet.<\/p>\n

The country’s installed solar power capacity has expanded nearly fifty-fold\u2014from just 3 GW in 2014 to 162.15 GW as on June 30, 2026\u2014reflecting India’s rapid transition towards clean energy, energy security and sustainable growth.<\/p>\n

The government attributed this remarkable growth to policy reforms and a sharp decline in solar tariffs driven by the e-Reverse Auction mechanism. Increased competition among developers has brought tariffs down from nearly \u20b918 per unit in 2010 to a record low of \u20b92.44 per unit, making solar power one of the most affordable sources of electricity in the country.<\/p>\n

In 2025, the Levelised Cost of Electricity (LCOE) for utility-scale solar photovoltaic projects in India stood at $35 per MWh, significantly below the global average of $44 per MWh, further strengthening India’s attractiveness for renewable energy investments.<\/p>\n

The sector has received an additional boost with the approval of the\u00a0Pradhan Mantri Surya Sarovar Yojana (PM-SSY)<\/strong>\u00a0on July 31, 2026. The \u20b95,070-crore scheme aims to establish 5,000 MW of floating solar photovoltaic projects integrated with Energy Storage Systems (ESS) having a minimum storage capacity of 10,000 MWh.<\/p>\n

The initiative seeks to utilise reservoirs and industrial water bodies for solar generation, thereby reducing pressure on land resources, improving grid stability and helping States meet peak electricity demand.<\/p>\n

Large-scale projects such as the\u00a0Bhadla Solar Park<\/strong>,\u00a0Pavagada Solar Park<\/strong>\u00a0and\u00a0Rewa Ultra Mega Solar Park<\/strong>\u00a0continue to play a key role in expanding India’s renewable energy capacity.<\/p>\n

The government’s factsheet also noted that India’s total non-fossil fuel power capacity has reached 283.46 GW, including 274.68 GW from renewable sources. On July 29, 2025, renewable energy met a record 51.5 per cent of the country’s electricity demand.<\/p>\n

These achievements are in line with India’s\u00a0Panchamrit<\/em>\u00a0commitments announced at COP26, including the target of achieving 500 GW of non-fossil fuel capacity by 2030 and net-zero carbon emissions by 2070.<\/p>\n

Backed by sustained policy support, falling generation costs and rapid capacity additions, India is consolidating its position as one of the world’s leading clean energy economies and a major force in the global renewable energy transition.<\/p>\n

The post India Emerges as World’s Second-Fastest Growing Solar Power Market<\/a> appeared first on Northlines<\/a>.<\/p>\n

Source: Read the original article on thenorthlines.com<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Installed solar capacity rises to 162 GW as renewable energy push gathers pace New Delhi, Aug 3:\u00a0India has become the world’s second-fastest growing solar energy market after adding 37 GW of new solar capacity in 2025, overtaking the United States, according to a government factsheet. The country’s installed solar power capacity has expanded nearly fifty-fold\u2014from […]<\/p>\n","protected":false},"author":1,"featured_media":4614,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,6],"tags":[],"class_list":["post-4613","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-important","category-indian-news"],"_links":{"self":[{"href":"https:\/\/futureknowledge.in\/index.php?rest_route=\/wp\/v2\/posts\/4613","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/futureknowledge.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/futureknowledge.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/futureknowledge.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/futureknowledge.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4613"}],"version-history":[{"count":0,"href":"https:\/\/futureknowledge.in\/index.php?rest_route=\/wp\/v2\/posts\/4613\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/futureknowledge.in\/index.php?rest_route=\/wp\/v2\/media\/4614"}],"wp:attachment":[{"href":"https:\/\/futureknowledge.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4613"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/futureknowledge.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4613"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/futureknowledge.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4613"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}