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Emerging demand could lift India’s annual solar installations to 85GW by FY30
The Statesman Kolkata
|June 30, 2026
Emerging demand scenarios could lift India's annual solar installations from around 50 GW in FY27 to nearly 85 GW by FY30, a report said on Thursday.
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The report from Equirus Securities said data centres, green hydrogen and night-time connectivity could add 15-20 GW of incremental solar demand annually from FY29.
India's utility solar sector has a robust multi-year growth runway, with 145 GW of signed power purchase agreements (PPAs) and 68 GW of pending awards supporting sustained demand for project execution.
The report said the country has built a 2.5-year utility solar pipeline, with 215 GW of Letters of Award (LOA) won during FY18-FY26.
This story is from the June 30, 2026 edition of The Statesman Kolkata.
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