What is behind renewable energy surge in India?

Innovative solar solutions, including high-efficiency modules, energy-efficient inverters and smart grid integration, are shaping the growth of renewables.

The renewable energy sector of India is experiencing rapid expansion, fueled by strong government policies, technological advancements and rising investments. With an ambitious target of achieving 500 GW of renewable energy capacity by 2035 and a net-zero goal for 2047, the solar industry is growing at an impressive annual rate of 25-30 percent. This growth is being driven by initiatives like the Production Linked Incentive (PLI) scheme, Basic Customs Duty (BCD) on imports, and the ‘Make in India’ programme, which is fostering domestic manufacturing and reducing reliance on foreign components. 

Industry leaders analyse the transformative role of innovative solar solutions, including high-efficiency modules, energy-efficient inverters, and smart grid integration, in the country’s renewable growth. Advances in bifacial panels, perovskite solar cells, and AI-powered energy management systems are enhancing performance and affordability, making solar a mainstream energy source. The strong policy framework, coupled with an increasing focus on sustainability, is attracting global and domestic investors. This momentum is not only accelerating the country’s transition to clean energy but also positioning India as a global leader in renewable technology and manufacturing. By building a resilient and self-reliant solar ecosystem, the nation is paving the way for a sustainable and energy-secure future.

Government policies fuelling growth

Government initiatives are boosting the renewable energy sector by strengthening domestic solar manufacturing. Policies like ‘Make in India,’ the Production Linked Incentive (PLI) scheme, and the Basic Customs Duty (BCD) on imported modules and components have created a favourable environment for local production. The PLI scheme incentivises manufacturers to enhance competitiveness while BCD discourages imports, promoting self-reliance. These measures reduce dependency on foreign supply chains, drive investment and support India’s vision of becoming a global solar manufacturing hub. By fostering innovation and industrial growth, these initiatives accelerate the transition to sustainable energy and reinforce commitment to clean power.

Jinto Joseph, responsible for sales and marketing at Credence Solar, highlights the government’s influence: “The renewable energy sector in India is growing rapidly. Prime Minister Narendra Modi has championed policies promoting self-sufficiency in manufacturing and infrastructure development.” Credence Solar, currently boasting a manufacturing capacity of 2.2 GW, aims to scale up to 5 GW in module manufacturing and 1 GW in solar cell production.

Similarly, Bhupendra Singh Rawat, CEO of DhaSh PV Technologies, acknowledges government policies as a catalyst for growth: “The implementation of the BCD and anti-dumping duties on components like solar glass and aluminium frames has strengthened local manufacturing. India’s module manufacturing capacity has reached 67 GW and is expected to rise to 100 GW by 2026.”

Expanding solar infrastructure and manufacturing

The expansion of solar infrastructure and manufacturing in India is driving companies to scale up operations, supported by proactive government policies. The policies are driving local manufacturing, cutting reliance on overseas sources, and promoting innovation in technology. This push not only enhances self-reliance but also attracts significant investments, creating jobs and boosting economic growth. By strengthening the country’s position as a global solar manufacturing hub, these measures accelerate the transition to sustainable and renewable energy solutions. A robust solar ecosystem ensures long-term energy security, supports carbon reduction goals, and contributes to the vision of becoming a leader in the global renewable energy landscape.

Bhavya Doshi of Sunbond Energy predicts a major boom: “With strong leadership and policies, the solar industry is poised for exponential growth. We are scaling up our manufacturing capacity tenfold and introducing the G12R technology. Our latest TOPCon modules enhance efficiency and cost-effectiveness, making solar more accessible.” Novasys is another key player, expanding its current 1.2 GW capacity to 6 GW for modules and 2 GW for solar cells. Ashok Kumar Singh, President of Novasys, underscores government support: “The PLI scheme and financial assistance for solar cell manufacturing are accelerating growth. India is progressing towards self-reliance, reducing import dependence.”

Ajay Sharma, Vice President of Insolation Energy Ltd., sheds light on technological advancements: “We are expanding to 8 GW in module lines and 3 GW in solar cells. The shift towards TOPCon technology is a game-changer, offering higher efficiency and output, with modules reaching up to 750W compared to 560W in traditional models.” Pahal Solar, which began in 2016 with a 40 MW capacity, has grown to 1.2 GW and is set to double its capacity soon. General Manager Nitin Barvaliya notes: “India’s solar manufacturing has nearly doubled in two years, reaching 70 GW. Government initiatives are ensuring long-term sustainability, with innovations like glass-to-glass modules and advanced Topcon panels revolutionising the industry.”

The role of technological advancements

Technological innovation is propelling growth in the solar industry, with companies investing in advanced solutions to enhance efficiency and affordability. High-efficiency solar modules, smart inverters and energy storage systems are revolutionising power generation and distribution. AI-driven analytics, IoT-enabled monitoring and automation are optimising performance, reducing maintenance costs and improving grid stability. Innovations in bifacial panels, perovskite solar cells and hybrid inverters are pushing efficiency limits while lowering overall system costs. These advancements not only boost energy output but also support the country’s renewable energy goals, making solar power more accessible, reliable, and cost-effective for consumers and industries alike.

Sagar Sojitra, Managing Director of Vsole Solar Energy, discusses the growing demand for advanced solutions: “The PM-KUSUM scheme and demand for solar energy have driven nationwide expansion. We are launching futuristic micro-inverters that will enable efficient power management even for small households.” Hardik Vaidh, Head of the Technical Department at PV Blink, emphasises the role of smart technology: “Our new smart switch integrates on-grid and off-grid systems, maximising solar power utilisation. This is particularly beneficial for industries and agriculture, allowing seamless energy management between solar and grid power.” DhaSh PV Technologies, known for its expertise in non-Chinese integrated junction box manufacturing, is evolving into a comprehensive solutions provider. Rawat highlights the company’s commitment: “We recently launched a 35A JB Rating Junction Box and a 2000 VDC junction box with connectors. These innovations reflect our dedication to cutting-edge technology.”

Strengthening energy independence  

The solar sector growth extends beyond increasing production capacity; it is about achieving energy self-reliance. By reducing dependency on imports and strengthening domestic manufacturing India is building a robust and sustainable power infrastructure. This shift not only secures the supply chain but also creates jobs, supports economic growth and ensures long-term energy security. A resilient solar ecosystem empowers India to meet its renewable energy targets while positioning itself as a global leader in solar manufacturing.

Sojitra reinforces this vision: “From Jammu & Kashmir to Kanyakumari, we are working with dealers and distributors to promote indigenous solutions. The ‘Make in India’ push is reducing our reliance on imports and fostering homegrown innovation.” Ashok Kumar Singh echoes this sentiment: “Manufacturers must focus on quality and embrace new technologies to meet the rising demand. Support by the government is making India a global competitor in solar technology.”

A sustainable future

Industry leaders emphasise that renewable energy transition is crucial for combating climate change and reducing pollution. Solar adoption goes beyond economic benefits—it plays a vital role in achieving environmental sustainability. By replacing fossil fuels with clean energy, solar power helps lower carbon emissions, improve air quality and mitigate global warming. Government initiatives, technological advancements and large-scale investments are accelerating this shift. A sustainable energy future not only secures long-term economic growth but also ensures a healthier environment for future generations. Embracing solar energy strengthens the country’s commitment to green development and positions the country as a leader in renewable energy.

Jinto Joseph emphasises the urgency: “The environment is deteriorating every day. It’s time to reduce reliance on carbon-based energy and shift towards green solutions.” Bhupendra Singh calls for a collective effort: “Quality-focused manufacturers, EPC companies, and integrators must work together to ensure long-term sustainability. The future is bright for the Indian solar industry.”

India’s renewable energy sector is at the forefront of global transformation. With strong government backing, rapid technological advancements, and an increasing focus on domestic manufacturing, the country is on track to becoming a global leader in renewable energy. Exponential growth of the solar industry combined with innovations in module efficiency, inverters and smart energy solutions is paving the way for a sustainable self-reliant future. As industry leaders continue to push boundaries India is well-positioned to revolutionise its power infrastructure and achieve energy independence.

*************************