Solar Energy’s Dominance in India’s $11.8 Billion Clean Power Boom
India attracted $11.8 billion in renewable energy investments in the first half of 2025, according to the Institute for Energy Economics and Financial Analysis (IEEFA). The figure is the second-highest half-year inflow on record, underscoring the country’s accelerating pivot to clean power. Solar energy alone captured 77 per cent of the inflows, a reflection of its scale and the steady returns promised by government auctions.
“Solar has emerged as the lowest-cost and most bankable option for India’s energy transition,” said Vibhuti Garg, South Asia Director at IEEFA. “Investor appetite is strong because policy and revenue frameworks are increasingly predictable.”
The government awarded 59 GW of renewable capacity in 2024, much of it solar, and plans to double capacity by 2030. Utilit...