NEWS: India Ranks 3rd Globally in Installed Renewable Energy Capacity

ABOUT

·         Morgan Stanley report: India’s renewable energy transition is accelerating, though dependence on imported upstream solar components remains a challenge.

·         Indiaà Emerged as the third-largest country globally in terms of installed renewable energy capacityà mainly by rapid growth in solar and wind energy infrastructure.

Key Features

·         Renewable Capacity Growthà India’s non-fossil fuel energy capacity crossed 262.7 GWàaccounting for over 50% of total installed power capacity.

·         Domestic solar module manufacturing capacity increased from 38 GW (2024) to 74 GW (2025), while solar cell capacity rose from 9 GW to 25 GW.

·         India still imports a large share of upstream components like wafers and polysilicon, with 60–80% sourced from China.

·         Solar and wind energy constitute the majority of new renewable energy additions in India.

Significance

·         Energy Securityà Expanding renewable capacity reduces dependence on imported fossil fuels and enhances strategic energy resilience.

·         Climate Commitmentsà Supports India’s Net Zero targets and commitments under the Paris Climate Agreement by accelerating clean energy adoption.