India has crossed 300 gigawatts of total installed renewable energy capacity, four years ahead of the trajectory implied by its original National Solar Mission targets, with solar power alone accounting for 195 GW — making India the third-largest solar market in the world after China and the United States.

The Ministry of New and Renewable Energy confirmed the milestone, noting that nine additional utility-scale solar parks became operational in the April-June 2026 quarter, including a 2,000 MW facility in Rajasthan and a 1,500 MW floating solar plant on Gobind Sagar reservoir in Himachal Pradesh.

The renewable buildout has been accompanied by a dramatic reduction in solar power tariffs: electricity from new solar projects in India is now being tendered at ₹2.1-2.4 per unit — among the lowest in the world and well below the cost of coal-based power at ₹3.5-4.2 per unit.

India's 2030 targets call for 500 GW of renewable capacity, meaning the country must add approximately 200 GW over the next four years — a task that analysts describe as achievable given the current pipeline of awarded but under-construction projects totalling 165 GW.