April, 2025
India achieved a significant milestone in its renewable energy journey in February 2025, with solar power accounting for nearly 63.95% of its total renewable energy generation. The Indian government has set an ambitious target of achieving 500 GW of renewable energy capacity by 2030, with solar power playing a significant role in meeting this target. Achieving this milestone will place India among the top nations globally in renewable energy capacity.
The Indian solar energy market, particularly the solar panel industry, is projected to experience significant growth, driven by the country's increasing energy demand and commitment to renewable, low-carbon sources. This growth is fuelled by the declining cost of solar power technology, increased flexibility of solar systems, and supportive government policies. The solar PV segment, a crucial part of the solar panel industry, is expected to dominate the market due to the decreasing cost of solar modules and their adaptability for various uses.
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