India's renewable energy sector has reached a pivotal moment, adding a record 20.1 GW of capacity between April and August 2025—a 123 percent increase compared to the same period last year.

With 17.5 GW from solar and 2.6 GW from wind, the country is on track to exceed 35 GW in new capacity by the end of FY26, marking the highest annual addition in its clean-energy history, as per data from the Ministry of New and Renewable Energy (MNRE), and market observers like ICRA. This surge is driven by competitive pricing, healthy project pipelines, and growing corporate demand for renewables. N-type solar module prices fell nearly 40 percent year-on-year, fostering the industry's growth.

The expansion also supports energy security and decentralisation, reducing India's reliance on fossil fuels, and driving employment creation in manufacturing and clean-tech sector.