India Emerging as Second Largest Solar Market by 2026
New Delhi, Apr 14 (BNP): India is expected to become the world’s second-largest solar market in terms of annual installations by 2026, according to the National Solar Energy Federation of India (National Solar Energy Federation of India).
The industry body said India has witnessed its fastest-ever expansion in solar capacity, adding around 50 GW in just 14 months and taking total installed solar capacity to about 150 GW.
This sharp rise highlights a significant acceleration in the country’s renewable energy journey compared to earlier years, when capacity additions were much slower.
NSEFI attributed the strong growth to supportive policy measures, rising investment activity, and wider adoption of solar energy across both large-scale projects and distributed installations.
The trend places India among the fastest-growing solar markets globally and reflects its increasing role in the global clean energy transition.
Officials added that the continued expansion of solar power is expected to improve energy security, reduce dependence on conventional fuels, and support long-term sustainability goals.
