With Rajasthan leading the charge, India’s total solar capacity hits 85.6GW in FY2025. An additional 21.2GW of utility-scale solar projects are in the pipeline for FY2026.
India witnessed robust growth in solar energy during the financial year 2024–25 (FY2025), adding a total of approximately 22.5 gigawatts (GW) of solar capacity. According to recent data published by JMK Research & Analytics, this includes 17.4 GW of utility-scale installations and 5.15GW of rooftop solar projects, again reinforcing the country’s gradual adoption of clean energy.
As of 31 March 2025, the cumulative installed utility-scale solar capacity stood at 85.6GW, while another 68.2GW of capacity is under pipeline with auctions already completed. It grew by approximately 25.5 per cent in FY2025 compared to the cumulative capacity at the end of FY2024.
For installed utility-scale capacity, the central government projects accounted for 38.2 per cent, state government projects contributed 35.2 per cent, and the remaining 26.6 per cent came from private and other sources.
The state of Rajasthan retained its position as the top-performing state, with an installed solar capacity of approximately 26.9GW, followed by Gujarat (12.8GW) and Karnataka (10.6GW).
During FY2025 alone, Rajasthan added 6.5GW, the highest among all states. Gujarat (3.6GW) and Maharashtra (2.3GW) followed as the next top contributors to annual capacity additions.
Market leaders across segments
In the solar module space, Waaree, Jinko, and Longi emerged as the top three suppliers. On the export front, First Solar, Adani, and Waaree led the way, with First Solar exporting nearly 66.7 per cent of its total production.
Among inverter manufacturers, Sungrow, Sineng, TBEA, and FIMER held the largest market shares.
In terms of project development, Adani, ReNew, and Acme led in DISCOM power purchase agreement (PPA)-based utility-scale projects. For private PPA or open access projects, Serentica, JSW Energy, and Greenko were the top developers.
Key engineering, procurement, and construction (EPC) contractors for utility-scale solar included Tata Power, Jakson Green, and Sterling & Wilson.
Furthermore, for rooftop and onsite solar installations, Tata Power Solar, Mahindra Solarize, and Orb Energy were the leading implementers.
The report predicts that in FY2026, India is expected to commission an additional 21.2GW of utility-scale solar projects and 7.2GW of rooftop and on-site installations, indicating continued acceleration in the sector.
