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India's Solar Capacity to Hit 107 GW by 2030 Insight

Last Update 08 October 2024

India's clean energy capacity is expected to grow significantly by 2030, aiming for self-sufficiency in solar and wind energy. Projected capacities include 107 GW of solar PV, 20 GW of wind, and 69 GWh of battery cells. Policies like the Production-Linked Incentive scheme support domestic manufacturing, while challenges in underutilized wind capacity and the hydrogen sector.

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India's clean energy capacity is expected to grow significantly by 2030 due to robust government policies like the Production-Linked Incentive (PLI) scheme, which encourages domestic manufacturing of solar PV modules, wind nacelles, and battery cells. This growth is projected to enhance self-sufficiency in solar and wind energy, contributing to reduced reliance on imports and fostering a competitive clean energy market. Achieving this capacity will involve bolstering local production capabilities, addressing technological hurdles, and developing a comprehensive battery supply chain ecosystem. As a result, India stands to gain substantial economic benefits, including increased exports—evidenced by the rise in solar module shipments to the US—and the potential to position itself as a key player in the global clean energy supply chain, while also addressing challenges in sectors like offshore wind and hydrogen.

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