New Delhi, Nov. 7 -- India's renewable energy capacity is projected to reach around 530 GW by 2030, with solar photovoltaic (PV) accounting for more than 80% of the expansion, positioning the country as the world's second-largest renewable energy growth market, according to the International Energy Agency (IEA).

In its India Renewable Energy Market Report 2026, the agency said the country's renewable capacity has crossed 300 GW in the fourth quarter of 2026, almost quadrupling over the past decade.

Solar PV capacity is expected to exceed 350 GW by 2030, while wind power is projected to approach 90 GW. Hydropower capacity is forecast to reach 75 GW, supported by the commissioning of large conventional projects and accelerating investment...