Solar energy generation in India reached 117.08 TWh in 2023. Observing its year-on-year variation, the growth rate in 2022 was 39.31%, while in 2023, it was 23.04%. Over the last five years, the average annual growth rate (CAGR) was 26.37%. India’s solar energy generation is forecasted to continue its upward trajectory, reaching 232.87 TWh by 2028, with a forecasted 5-year CAGR of 10.64%, indicating substantial future growth of 65.78% over this period.
Key future trends to watch for include advancements in solar technology, government incentives and policy support for renewable energy, and the impact of solar tariffs and international funding on the solar energy landscape.
Latest reports
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