India is on track to surpass the United States and become the second-largest solar energy market in the world by 2026, according to industry data and market analysts. Rapid deployment of solar power capacity, supportive government policies, declining solar equipment costs and increased investment are driving this surge. India’s consistent push toward renewable energy targets is positioning it as a global leader in solar growth behind China.
The country’s solar energy expansion has been propelled by large-scale utility solar plants, ambitious renewable purchase obligations for distribution companies and increased participation by corporate and residential buyers. India’s geographical advantage, abundant sunlight and investment in solar parks have also contributed to a rapid rise in cumulative installed solar capacity.
Energy experts say India’s performance reflects its commitment to meeting climate pledges under the National Solar Mission and India’s energy transition strategy, which targets increased renewable share in the power mix and reduced reliance on fossil fuels. The solar industry expects continued growth in rooftop solar, floating solar projects and hybrid renewable installations, further solidifying India’s position in the global renewable energy landscape.
Analysts caution that sustained policy consistency, grid integration, storage solutions and streamlined land acquisition will be key to maintaining momentum as India moves toward its long-term renewable goals.
