India installed around 28.6 GW of utility-scale solar and 7.9 GW of rooftop solar capacity in calendar year 2025. Of the rooftop additions, 6,835 MW was deployed under the capex model and 1,113 MW under the opex model. The country also added 6.3 GW of new wind capacity during the year—according to Annual India Solar & Wind Report Card – CY2025 by JMK Research.
India is expected to commission approximately 32.5 GW of new utility-scale solar capacity and 8.5 GW of rooftop (onsite) solar installations in 2026.
Annual market shares
Modules: Waaree led PV module shipments in 2025 with a 15.6% market share, followed by Goldi Solar (8.9%) and Tata Power Solar (7.6%). The top three suppliers together accounted for 32% of total module shipments.
Inverters: Sungrow led central inverter shipments with a 49.5% share, followed by Sineng Electric (22.6%) and FIMER (14.9%). In the string inverter segment, TBEA ranked first with a 25.1% share, followed by Sungrow (20.3%) and Solis (14.2%).
Wind turbines: Envision Energy, GE Vernova, and Adani were the leading wind turbine OEMs by commissioned capacity in 2025.
Project developers: NTPC accounted for 18.3% of the total 22.6 GW (AC) solar and wind capacity commissioned under discom power purchase agreement (PPA) projects, followed by Adani Green Energy (13.7%) and SJVN (5.3%). Discom PPA projects refer to utility-scale solar and wind projects awarded through central and state tenders, with power offtake by state distribution companies.
In private PPA (open-access) segment, Cleanmax, Serentica Renewables and AM Green Energy were the top three developers that have commissioned maximum capacity in CY2025
EPC contractors: Sterling and Wilson Renewable Energy, Tata Power Solar, and Jakson Green were the leading utility-scale EPC contractors in 2025. In the rooftop and onsite segment, Tata Power Solar, Roofsol Energy, and Mahindra Solarize installed the highest capacity during the year.
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