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National Solar Energy Federation of India (NSEFI), an India-based solar industry body, has said India is set to become the world’s second-largest solar market in 2026 by annual installations. According to the statement, India has installed 50 GW of additional solar capacity in just 14 months, raising total installed solar capacity to 150 GW. The statement has also added that the first 50 GW had taken 11 years to materialize, while the rise from 100 GW to 150 GW had taken nearly three years. NSEFI said that the solar capacity is expected to reach to 280-300 GW to help India attain its 500 GW non-fossil capacity target by 2030, with yearly additions approaching 50 GW. It added that PM Surya Ghar, the upcoming PM KUSUM 2.0, floating solar policies, and demand associated with the National Green Hydrogen Mission are supporting this growth. The industry body further said DRE and C&I solar are likely to lead expansion during the next three years.
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