Renewable Equipments – Sector Update – India’s solar boom powers RE leadership
Published on 17 Jun 2026
India’s solar sector is entering a structural multi-year growth phase, supported by record capacity additions, strong policy support, and rapid localization in manufacturing. India added a record 44.6GW(AC) of solar capacity in FY26, taking cumulative installed solar capacity to ~150GW(AC) and making the country the world’s third-largest solar market. Growth was broad-based across utility, C&I, rooftop and agricultural segments, while domestic module manufacturing capacity scaled to ~172GW(DC), supported by PLI, ALMM and BCD measures. The sharp reduction in module imports and increasing self-sufficiency across the value chain is strengthening long-term industry competitiveness and execution visibility.
