India is poised to become the World's second-largest solar market in 2026 in terms of annual installations, the National Solar Energy Federation of India (NSEFI) said. India has achieved its fastest-ever addition of 50 GW of solar capacity in just 14 months, reaching the landmark 150 GW milestone, according to an NSEFI communique. This marks a significant acceleration compared to the 11 years it took to reach the first 50 GW, followed by nearly three years to scale up to 100 GW.

Subrahmanyam Pulipaka, CEO, NSEFI said, “Solar energy is projected to reach 280-300 GW to support India's 500 GW non-fossil capacity target by 2030. With the current pace, India is nearing an annual addition trajectory of 50 GW, firmly aligning with this goal.”