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Market Report

Solar Energy Market Landscape in India & Outlook till 2030

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Report Summary A detailed study identifying the investment potential of Indian solar market with key focus – mapping industry competitiveness, region wise opportune pockets identification for solar capacity, indexation of state’s ease of doing solar policies & regulations, track of upcoming projects, potential assets for M&A

Solar Energy Market Landscape in India & Outlook till 2030

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  • About
    India renewable energy (RE) sector has encountered a growth rate of 14% in five years, from FY 2017 to FY 2022. This growth takes India to achieve the milestone of 114 GW of RE capacity as of Sept 2022. Of this total recorded capacity contribution of solar stands to be approx. 51%.The share of solar installed capacity in India has increased at a CAGR of 29% over the last decade from FY 2012, making it to rise from 4% to 51% (as of Sept. 22). Presently, the solar installed capacity of India is 57 GW. Some of the key contributing states to this capacity are -Rajasthan (15 GW), Gujarat (8 GW), Karnataka (7.7 GW), Tamil Nadu (5.8 GW) and Telangana (4.6 GW). Cumulatively these states drive nearly 69% of overall solar installation in the country.
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