IEA: India's solar capacity to top 350 GW by 2030

· Energy · India

The International Energy Agency expects India's installed solar PV capacity to exceed 350 GW by 2030. Growth will be driven by utility-scale projects, rooftop solar and corporate procurement, the agency said. Grid and storage investments remain critical to absorbing that volume of variable generation. India is already one of the world's largest solar markets, and the forecast points to continued demand for modules, inverters and grid infrastructure from domestic and foreign suppliers. The projection also implies that India's build-out rate must stay high through the rest of the decade. For equipment makers and developers, India stands out as one of the few large markets still expanding rapidly while China and parts of Europe work through overcapacity and policy shifts.

Why it matters：India's projected solar growth makes it a key demand center for global PV manufacturers and grid-equipment suppliers at a time when other major markets face overcapacity.

Key points

  • Growth is supported by utility-scale projects, rooftop solar and corporate procurement.
  • Grid and storage investments remain critical, according to the IEA.
  • The forecast points to continued module and inverter demand through 2030.

Sources (original reporting)

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