India’s renewable sector might want to double its annual capability addition to 50GW over 2025-2030 to fulfill the nation’s lofty 500 GW goal, based on a report S&P International Scores revealed on Wednesday.
The report titled “India Renewables: Doubling Down On Development,” says the subsequent 5 years will probably be essential for India’s renewables sector. It has a goal of 500 GW (gigawatts) renewable capability by 2030, and it is a enormous soar from the 214GW capability as of March 2025. S&P International Scores believes onshore financing will support capability enlargement.
“Renewable builders and distribution firms now recognise renewables can solely change into a part of the answer if they supply extra steady energy. In any other case, inherent intermittency causes higher community instability,” mentioned S&P International Scores credit score analyst Cheng Jia Ong.
Capability addition would require $175 billion and as much as $150 billion for the enlargement and strengthening of the transmission and distribution community.
“Renewables firms will enhance scale and variety however proceed to face excessive leverage and execution dangers as they align with the nationwide transition goal. Most firms will use debt to fund enlargement, although the sector stays engaging for each fairness and debt traders,” Ms. Ong mentioned.
One other report by Mercom India mentioned that India added 1.1 gigawatts (GW) of photo voltaic open entry capability in Q1 (calendar 12 months) 2025, down almost 48% from round 2.1 GW in This autumn 2024.
The report attributed the slowdown to module shortages brought on by the year-end by commissioning rush pushed by the shut of the monetary 12 months a scarcity of transmission infrastructure, delays within the connectivity approval course of, and uncertainty across the Inter-State Transmission System (ISTS) waiver.
Maharashtra, Tamil Nadu, and Karnataka led the capability additions in Q1 2025, contributing about 29%, 22%, and 17% of the installations, respectively. Karnataka remained the main state with about 24% of the cumulative installations.
