India solar capacity surges 50-fold

India's installed solar power capacity surged 50-fold from 3 GW in 2014 to 162.15 GW by June 30, 2026, according to a government factsheet. In 2025, India added 37 GW of solar capacity, surpassing the United States in annual additions to become the world's second-largest solar growth market. Solar tariffs declined from around Rs 18 per unit in 2010 to a record low of Rs 2.44 per unit, making India one of the lowest-cost solar markets globally, with a Levelised Cost of Electricity of $35 per MWh in 2025, below the global average of $44 per MWh. The government approved the Pradhan Mantri Surya Sarovar Yojana on July 31, 2026, to support 5,000 MW of floating solar projects with co-located energy storage systems, with an outlay of Rs 5,070 crore. India's total non-fossil fuel capacity reached 283.46 GW, and renewable sources met 51.5% of electricity demand in July 2025. These developments align with India's Panchamrit goals announced at COP26, targeting 500 GW of non-fossil fuel capacity by 2030 and net-zero emissions by 2070.