India has added 20.1 GW of renewable energy capacity between April and August 2025. This was a 123% increase compared with 9 GW that was installed during the same period of the previous fiscal year. ICRA, an India-based credit rating agency, has stated that full-year additions in FY26 are expected to surpass 35 GW. These additions were supported by strong project pipelines, rising electricity demand, and the conclusion of inter-state transmission charge waivers. The waivers have reduced costs and eased grid integration for developers. This growth was preceded by 28.7 GW that was commissioned in FY25 and 18.5 GW that was installed in FY24. Favorable PV module prices and policy measures were improving project viability during these years. Execution hurdles were present due to prolonged land acquisition, underdeveloped transmission infrastructure, and delays in PPAs. Auction momentum was moderated despite a 142.8 GW tendering pipeline. Domestic module prices were Rs. 13.32–15.10 ($0.15 - 0.17) per watt. Imported n-type modules were lower at Rs. 7.11–7.99 ($0.08–0.09) per watt. These price differences were influencing procurement strategies. Solar cell and module exports were 21% higher year-over-year, although 50% tariffs on Indian shipments were creating risks.
India adds 20.1 GW renewables in April–August 2025 surge
Renewable capacity growth in India reached 20.1 GW in April–August 2025, supported by policies and lower costs, while ICRA expected full-year additions above 35 GW.
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