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India in the Global Solar Power Landscape

Capacity, annual additions and the growth of distributed solar

Posted: 10 October 2026Data basis: CY2025 and FY2025–26, with update to 31 July 2026

Global installed solar PV capacity

2,383.16GW

End-CY2025; up 27.3% over CY2024

China: solar added in CY2025

315.1GW

More than 60% of global PV additions

India: record solar added in FY2025–26

44.61GW

Against 23.83 GW in FY2024–25

India: installed solar capacity

150.26GW

As of 31 March 2026

Sources: IRENA, Renewable Capacity Statistics 2026 and Renewable Capacity Highlights 2026 (cards 1 and 2); MNRE and PIB, Government of India (cards 3 and 4). As quoted in Grace Renewables Energy DRHP, October 10 2026.

Overview

This note looks at where India stands in global solar power. It first covers the three largest solar markets by additions in CY2025, namely China, India and the United States. It then looks at India's own capacity, its growth and the policy support behind it.

International figures are for calendar year 2025 (CY2025). India's domestic figures are for the financial year 2025–26 (FY2025–26, April to March), with a later update to 31 July 2026. Capacity is shown in gigawatts (GW). One GW equals 10⁶ kW. Solar PV (photovoltaic) means panels that turn sunlight directly into electricity.

Global solar capacity

Global installed solar PV capacity grew from 859.67 GW in CY2021 to 2,383.16 GW in CY2025. Yearly growth was between 22.3% and 34.6% over CY2022 to CY2025, and stood at 27.3% in CY2025.

Figure 1: Global installed solar PV capacity (GW) and year-on-year (YoY) growth

859.67CY2021Base year1,051.47CY2022+22.3%1,415.16CY2023+34.6%1,872.81CY2024+32.3%2,383.16CY2025+27.3%YoY

Source: IRENA, Renewable Capacity Statistics 2026 and Renewable Capacity Highlights 2026, as quoted in Grace Renewables Energy DRHP, October 10 2026.

The largest solar markets in CY2025

China, India and the United States added the most solar capacity in CY2025. Table 1 gives their additions along with their total renewable capacity at the end of the year.

Table 1: Solar additions and renewable capacity, CY2025
CountrySolar added (GW)Total renewable capacity (GW)
China315.12,258.02
Indiaabout 37250.52
United States34.0467.92

Source: IRENA, Renewable Capacity Statistics 2026, as quoted in Grace Renewables Energy DRHP, October 10 2026. Total renewable capacity includes solar, wind, hydropower and other renewable sources.

China

China is the largest solar market in the world. Its addition of about 315.1 GW in CY2025 was more than 60% of global solar PV additions. This was more than eight times India's additions and more than nine times those of the United States.

China also added about 119.4 GW of wind capacity, nearly three-quarters of global wind additions, and about 96% of global hydropower additions. Its domestic industry covers the full PV chain, from polysilicon and wafers to cells and modules. Because of this scale, China's market influences module prices, manufacturing investment and global supply conditions.

India

India added about 37 GW of solar capacity in CY2025. This made it the second-largest market for annual additions, ahead of the United States.

United States

The United States added about 34.0 GW in CY2025, which was 19.2% higher than its 2024 additions. Its market includes utility-scale projects, residential rooftop systems, commercial and industrial systems, and projects that combine solar with storage.

The outlook is less certain than for China and India. The latest IEA forecast, as quoted in the source, has lowered the US renewable-energy outlook because of changes in federal incentives, restrictions on foreign entities and permitting conditions. Solar PV is still expected to be one of the main technologies adding to US electricity supply through 2030.

India's position in global solar

Capacity and rank

Based on IRENA's Renewable Energy Statistics 2026, as cited by the Government of India, India ranked third in total renewable capacity at the end of CY2025, with 250.52 GW. China ranked first with 2,258.02 GW and the United States second with 467.92 GW.

By 31 March 2026, India's renewable capacity was 274.68 GW. Solar was the largest part at 150.26 GW. With nuclear power included, India's non-fossil capacity was 283.46 GW.

Table 2: India's renewable capacity by source, 31 March 2026
SourceCapacity (GW)
Solar150.26
Wind56.09
Large hydro51.41
Bioenergy11.75
Small hydro5.17
Total renewable274.68

Source: MNRE and PIB, Government of India, as quoted in Grace Renewables Energy DRHP, October 10 2026.

India's installed solar capacity was only 2.82 GW in March 2014. At 150.26 GW in March 2026, it has grown by more than 53 times.

Record additions in FY2025–26

India added 44.61 GW of solar capacity in FY2025–26, its highest ever for a year. In FY2024–25 the addition was 23.83 GW. Table 3 shows how the cumulative capacity of 150.26 GW was divided at the end of March 2026.

Table 3: India's installed solar capacity by segment, 31 March 2026
SegmentCapacity (GW)
Utility-scale110.43
Rooftop solar25.73
PM-KUSUM and other off-grid14.10
Total solar150.26

Source: MNRE and PIB, Government of India, as quoted in Grace Renewables Energy DRHP, October 10 2026.

The Government of India later reported cumulative solar capacity of 164.59 GW as of 31 July 2026. This comprised 122.57 GW of ground-mounted solar, 30.74 GW of grid-connected rooftop solar, 4.77 GW of solar in hybrid projects and 6.51 GW of off-grid solar.

Growth of distributed solar

Distributed solar added 16.31 GW in FY2025–26, which is more than one-third of the year's additions. Of this, rooftop solar contributed 8.71 GW and PM-KUSUM 7.67 GW. PM-KUSUM is the Government's scheme for solar power in agriculture. These figures show that India's market is moving beyond large solar parks towards a mix of utility-scale, rooftop, commercial and industrial, captive, open-access, PM-KUSUM and hybrid projects.

Policy and manufacturing

Several Government programmes support this growth. These include the PM-Surya Ghar: Muft Bijli Yojana, rooftop solar initiatives, PM-KUSUM, solar parks and competitive auctions for renewable energy.

The Government has also supported domestic PV manufacturing through the Production Linked Incentive (PLI) scheme for high-efficiency solar PV modules and the Approved List of Models and Manufacturers (ALMM) framework. The aim is to raise domestic manufacturing capacity, reduce import dependence and build a more integrated solar PV supply chain.

The 2030 target

India aims to have 500 GW of installed electricity capacity from non-fossil sources by 2030. At 283.46 GW in March 2026, the gap to the target is 216.54 GW. This is a simple difference and not a forecast. It shows that a large amount of new non-fossil capacity is still needed.

Notes on the data

  • CY2025 figures (January to December) and FY2025–26 figures (April to March) cover different periods. They should not be compared directly. For example, India's 37 GW for CY2025 and 44.61 GW for FY2025–26 are separate measures.
  • FY-basis solar additions for China and the United States, and any data after CY2025 for these countries, are not available in the source. No estimates have been made.
  • Figures marked "about" are approximate as reported.
  • The source gives distributed solar as 16.31 GW, while rooftop (8.71 GW) and PM-KUSUM (7.67 GW) add up to 16.38 GW. The figures are shown as reported, and the reason for the difference is not stated.
  • The March 2026 and July 2026 segment breakdowns use different categories, so segments are not compared between the two dates.
  • The IEA forecast is quoted from the source. The IEA publication itself has not been reviewed here.

Sources

  1. International Renewable Energy Agency (IRENA), Renewable Capacity Statistics 2026, March 2026. irena.org/-/media/Files/IRENA/Agency/Publication/2026/Mar/IRENA_DAT_RE_capacity_statistics_2026.pdf
  2. IRENA, Renewable Capacity Highlights 2026, March 2026. irena.org/-/media/Files/IRENA/Agency/Publication/2026/Mar/IRENA_DAT_RE_capacity_highlights_2026.pdf
  3. Press Information Bureau (PIB), Government of India, press releases on renewable energy capacity. pib.gov.in
  4. Ministry of New and Renewable Energy (MNRE), Physical Progress. mnre.gov.in/en/physicalprogress
  5. As quoted in Grace Renewables Energy DRHP, October 10 2026.
For information purposes only. Not investment advice. AI used for design, layout and clarity.Return to Insights