India's solar capacity hits 150 GW, poised to become world's second-largest market

Solar surge continues

India has crossed 150 GW of installed solar capacity, according to recent government data. This milestone puts the country on track to surpass the United States as the world's second-largest solar market behind China within the next two years.

The Ministry of New and Renewable Energy reported that utility-scale projects account for 70% of capacity, with rooftop solar making up most of the remainder. Rajasthan, Gujarat and Karnataka lead state-wise installations.

Policy push pays off

This growth follows sustained government efforts including:

• The Production Linked Incentive scheme for domestic solar manufacturing
• Waivers on interstate transmission charges for renewable projects
• Revised renewable purchase obligation targets for states

"The 150 GW mark shows our policies are working," said a ministry official who asked not to be named. "But we need to maintain this pace to hit 500 GW renewable capacity by 2030."

Challenges remain

Despite progress, analysts note hurdles like land acquisition delays, grid integration issues, and reliance on imported solar modules. Domestic manufacturing currently meets only about 30% of panel demand.

The International Solar Alliance, headquartered in India, projects the country will add 15-20 GW annually through 2030. At this rate, India could reach 300 GW solar capacity by the end of the decade.