From pv magazine India
JMK Research expects India to add around 42.5 GW of new solar capacity in calendar year (CY) 2026. This is projected to include 32.5 GW of utility-scale solar, 8.5 GW of rooftop solar, and 1.5 GW from the off-grid segment.
According to the analyst, India installed about 37.8 GW of solar capacity in CY2025, comprising roughly 28.6 GW of new utility-scale solar, up 54.6 % increase from 2024, and 7.9 GW of rooftop solar, up 72 % year on year. Off-grid additions stood at 1.35 GW, slightly down from 1.48 GW in 2024.
As of 31 December 2025, India’s cumulative installed renewable energy capacity reached 136 GW for solar, 55 GW for wind, and 51 GW for hydropower. The combined pipeline of solar, wind, hybrid, and storage projects totals around 169 GW, expected to be commissioned over the next four to five years. A further 32 GW of projects are in the bidding phase, with tenders issued but auctions not yet concluded.
The top five players by cumulative installations and pipeline capacity across utility-scale solar, wind, and hybrid segments are Adani (40.4 GW), ReNew (22.2 GW), NTPC (19.6 GW), JSW Energy (16.1 GW), and Greenko (15.1 GW). Among these leading developers, Adani, ReNew, NTPC, Tata Power, and Juniper Green have collectively installed around 5.61 GW of hybrid capacity as of December 2025.
Q4 2025 update
In Q4 2025, India added approximately 6.2 GW of utility-scale solar capacity, a 23 % decline from the previous quarter. The rooftop segment recorded about 2.1 GW of new installations, down 22 % quarter on quarter.
Inverters
More than 14.2 GW of inverter shipments were recorded in Q4 2025 from 15 suppliers serving both central and string inverters. Sungrow led the market with shipments exceeding 5.25 GW, driven primarily by central inverters while maintaining a significant share in string inverters.
Modules
Leading Indian module suppliers shipped roughly 14 GW in Q4 2025. The top five companies accounted for about 52 % of total shipments, with Waaree emerging as the market leader with a 21 % share.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: [email protected].
Comments
Please login to comment
Wednesday, June 3, 2026
4:00 pm – 5:00 pm CEST, Berlin, Paris, Madrid
Wednesday, June 10, 2026
3:00 pm – 4:00 pm CEST, Berlin, Paris, Madrid
Tuesday, June 9, 2026
11:00 am – 12:00 pm CEST, Berlin, Paris, Madrid
Thursday, June 11, 2026
5:00 pm – 6:00 pm CEST, Berlin, Paris, Madrid
Monday, June 1, 2026
5:30 pm – 6:30 pm CEST, Berlin, Madrid, Paris
Tuesday, June 16, 2026
6 am – 7:00 am CEST, Berlin
Friday, June 12, 2026
2:00 pm – 3:00 pm CEST, Berlin, Paris, Madrid
The new pv magazine Global May issue is now available!
Mountains to climb
Available in print and digital formats.
Be part of the high-level European conference on solar and energy storage, exploring bankable BESS projects, warranties, and energy management for residential and C&I sectors
Entries open in seven categories: Modules, Inverters, BoS, BESS, Manufacturing, Sustainability, Projects.
April 01 – August 31, 2026
A two-day conference in Austin, Texas, bringing together leaders in US solar manufacturing, equipment specification, and factory execution.
Saudi Arabia is accelerating its clean energy transition—join the SunRise Arabia Clean Energy Conference 2026 in Riyadh to explore how solar PV and energy storage are powering its digital economy.
Showcase your brand across all our platforms: from 13 websites in 7 languages to our magazines, daily newsletters, industry events and more. Reach your audience the right way!
We are participating in Intersolar 2026 again this year! Visit us at our Booth Hall 2 A2.250 to discuss the latest trends within the photovoltaic industry with the pv magazine team.
June 23-25, 2026 | MUNICH, GERMANY
You have no items in your basket.
