Markets

With record 40+ GW solar and wind installations (solar: 34.9+ GW, wind: 5.8+GW), 2025 has marked yet another high point in Indian annual renewable capacity additions. The capacity additions have been driven by strong project momentum across all solar segments.

While India has research capabilities across public laboratories and academic institutions in both rare earths and battery recycling, the transition from lab-scale innovation to industrial deployment has been slow. This gap between research and commercial execution continues to limit scale across the critical minerals ecosystem.

India is moving decisively beyond capacity addition toward system-level maturity. Expanded transmission planning, a more diversified energy mix and better regulatory clarity signal a market design that is becoming ever more dynamic and future ready.

In a new weekly update for pv magazine, Solcast, a DNV company, reports that the global peak of solar output in 2025 occurred on April 29, at 06:00 UTC, estimated at 539 GW.

India’s battery storage landscape is undergoing a decisive transformation in 2025. Across utilities, regulators, and developers, BESS has moved beyond early-stage exploration and is increasingly recognized as an essential component for grid stability, renewable integration, and long-term energy planning.

Adani Green Energy Ltd (AGEL) has claimed the top spot in the latest Energy Intelligence Top 100 Green Utilities ranking, pushing past China’s National Nuclear Corp. and Spain’s Acciona.

Waaree Energies is looking to deepen its presence in Europe as the European Union’s Net-Zero Industry Act (NZIA) reshapes solar procurement and curbs reliance on Chinese module suppliers. “As a listed, Tier-1, bankable manufacturer with a proven multi-gigawatt track record, we offer the scale and credibility European developers now prioritise,” says Sunil Rathi, executive director, Waaree Group.

Tier-2 and Tier-3 cities are no longer behind in the solar journey, they are becoming the main growth drivers. With better government support, easier net-metering rules, and more awareness about savings, people in smaller cities are now ready for rooftop solar in a big way.

Market pressure in the solar and storage sectors often favors low-cost solutions, but long-term success depends on balancing price, quality, and reliability for assets designed to operate for decades. Numerous examples, from low-grade silicon modules to residential hydrogen and redox flow storage, show how technically ambitious products can fail when costs, complexity, or durability are misjudged.

China’s Ministry of Commerce has raised a complaint at the World Trade Organization (WTO) regarding India’s solar subsidies, claiming they give the country’s domestic industry an unfair advantage and harm Chinese interests.