India Solar Capacity to Grow 22% Annually Through 2035

India's energy sector is poised for substantial growth in renewable and nuclear power, driven by escalating demand from data centers and green hydrogen projects. Solar capacity is projected to expand at a compound annual growth rate of 22% from 2026 to 2035, a pace significantly faster than overall power demand growth, according to a Nuvama report. This expansion is crucial for meeting the energy needs of burgeoning sectors like data centers and green hydrogen production.

To support this energy transition, India's federal government is actively encouraging states to expedite the approval processes for nuclear power plants and battery energy storage systems. Over a dozen states are currently experiencing delays in obtaining necessary clearances, hindering the rapid deployment of these critical energy infrastructure projects. The government's push aims to overcome these bottlenecks and ensure a swift response to the surging demand.

In the wind energy sector, India has set an ambitious target of achieving 155 GW of installed capacity by 2035, with an intermediate goal of reaching 100 GW by 2030. To facilitate this growth and strengthen the associated supply chain, Union Minister Pralhad Joshi launched WT-MARUT, a digital portal. This portal is designed to enhance domestic manufacturing of wind turbines, improve the overall supply chain, and boost India's global competitiveness in the wind energy market.

The combined efforts across solar, nuclear, battery storage, and wind energy underscore India's commitment to meeting its future energy requirements, particularly those driven by technological advancements and the push for green energy solutions.