India Leads in Solar Energy, Targets 500 GW by 2030
POWER & RENEWABLE ENERGY

India Leads in Solar Energy, Targets 500 GW by 2030

India has solidified its position as a key player in the global solar movement, now ranking 4th worldwide in solar power capacity. The nation's installed solar capacity has soared to 81.81 GW, constituting 63.4% of its total renewable energy generation. This remarkable growth reflects India's rapid expansion of solar infrastructure, driven by proactive government initiatives and supportive policies.

India's solar power journey has been powered by several strategic government interventions, including the Jawaharlal Nehru National Solar Mission. Current initiatives such as the Production Linked Scheme and the Solar Park Scheme aim to further boost solar panel manufacturing and establish significant solar parks nationwide. The newly launched Pradhan Mantri Suryodaya Yojana aims to equip 10 million households with rooftop solar systems, particularly benefiting low and middle-income families.

The Pradhan Mantri KUSUM Program and the PM Surya Ghar Muft Bijli Yojana also contribute significantly, empowering farmers and providing free electricity to households through rooftop solar installations. These programs, with investments surpassing Rs. 750 billion, not only reduce electricity costs but also create employment opportunities by increasing demand for solar equipment.

India's strategic edge in solar energy is bolstered by its geographic location, offering abundant sunlight throughout the year, and its ability to scale solar installations from small rooftops to large solar farms. This advantage is complemented by a steady decline in the cost of solar energy, making it an increasingly affordable option.

Internationally, India leads the International Solar Alliance (ISA), launched in 2015, to promote clean and affordable solar energy among 100 countries. The ISA's "one sun, one earth, one grid" initiative aims to interconnect global energy grids, starting with regions like the Middle East and Africa, enhancing energy accessibility and sustainability.

As India progresses towards its ambitious target of 500 GW of renewable energy capacity by 2030 and aims for net-zero emissions by 2070, the country continues to attract significant investments in its solar sector. The EXIM Bank's commitment to providing USD 2 billion in concessional financing to ISA partner countries underscores India's role as a global leader in the renewable energy space.

With robust policy frameworks and unwavering government support, India's solar energy sector not only promises substantial economic and environmental benefits domestically but also positions the country as a pivotal player in the global transition to clean energy.

India has solidified its position as a key player in the global solar movement, now ranking 4th worldwide in solar power capacity. The nation's installed solar capacity has soared to 81.81 GW, constituting 63.4% of its total renewable energy generation. This remarkable growth reflects India's rapid expansion of solar infrastructure, driven by proactive government initiatives and supportive policies. India's solar power journey has been powered by several strategic government interventions, including the Jawaharlal Nehru National Solar Mission. Current initiatives such as the Production Linked Scheme and the Solar Park Scheme aim to further boost solar panel manufacturing and establish significant solar parks nationwide. The newly launched Pradhan Mantri Suryodaya Yojana aims to equip 10 million households with rooftop solar systems, particularly benefiting low and middle-income families. The Pradhan Mantri KUSUM Program and the PM Surya Ghar Muft Bijli Yojana also contribute significantly, empowering farmers and providing free electricity to households through rooftop solar installations. These programs, with investments surpassing Rs. 750 billion, not only reduce electricity costs but also create employment opportunities by increasing demand for solar equipment. India's strategic edge in solar energy is bolstered by its geographic location, offering abundant sunlight throughout the year, and its ability to scale solar installations from small rooftops to large solar farms. This advantage is complemented by a steady decline in the cost of solar energy, making it an increasingly affordable option. Internationally, India leads the International Solar Alliance (ISA), launched in 2015, to promote clean and affordable solar energy among 100 countries. The ISA's one sun, one earth, one grid initiative aims to interconnect global energy grids, starting with regions like the Middle East and Africa, enhancing energy accessibility and sustainability. As India progresses towards its ambitious target of 500 GW of renewable energy capacity by 2030 and aims for net-zero emissions by 2070, the country continues to attract significant investments in its solar sector. The EXIM Bank's commitment to providing USD 2 billion in concessional financing to ISA partner countries underscores India's role as a global leader in the renewable energy space. With robust policy frameworks and unwavering government support, India's solar energy sector not only promises substantial economic and environmental benefits domestically but also positions the country as a pivotal player in the global transition to clean energy.

Next Story
Resources

Skyview by Empyrean to Develop Dehradun-Mussoorie Ropeway

FIL Industries Private Limited, the parent company of Empyrean Skyview Projects that pioneered ropeway mobility solutions in India with Jammu’s Skyview Gondola, is currently developing the Dehradun-Mussoorie ropeway and is on track to complete Phase I by September 2026. The ropeway is set to be India’s longest passenger aerial monocable covering 5.8 km between the foothills of Dehradun in Purkulgam and MDDA taxi stand in the hills of Mussoorie in just under 20 minutes. The firm pioneered green mobility solutions in India with the development of the flagship Skyview Gondola in Jam..

Next Story
Resources

Akshay Kumar Sells Office in Mumbai for Rs 80 Million: Square Yards

Bollywood star Akshay Kumar has sold his office space in Lower Parel, Mumbai, for Rs 80 million, according to property registration documents reviewed by Square Yards on the website of Inspector General of Registration (IGR). The transaction was registered in April 2025.Lower Parel, one of Mumbai’s prime residential and commercial hubs, offers premium living spaces with seamless connectivity to business districts such as Bandra-Kurla Complex (BKC) and Nariman Point. Bollywood stars like Abhishek Bachchan, Shahid Kapoor, Amish Tripathi and Manoj Bajpayee, also own properties in Lower Parel, a..

Next Story
Infrastructure Transport

Aviation Minister Unveils Air India Gurugram Safety Promotion Centre

Union Civil Aviation Minister Shri Ram Mohan Naidu visited Air India’s headquarters and training facilities in Gurugram, reaffirming the government’s focus on enhancing safety, training, and operational excellence in Indian aviation.During his visit, the Minister toured the Air India Experience Centre, highlighting the airline’s 92-year journey and its transformation under Vihaan.AI. He also reviewed critical infrastructure such as the Emergency Control Centre (ECC) and the Integrated Operations Control Centre (IOCC)—key hubs for ensuring operational resilience and punctuality.At the A..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?