India added a record 34 GWdc of solar capacity in H1 2026, up 38% from H1 2025, putting the country on track to exceed 50 GWdc this year. Wood Mackenzie said ALMM-II is driving domestic manufacturing but has created cell shortages and higher module prices. Solar growth may slow in H2 as supply constraints persist, with prices expected to stabilise by 2029.
New Delhi: India added 34 GWdc (gigawatts direct current) of solar capacity in the first half of 2026 -- 38 per cent above the H1 2025 levels -- and the country is on track to record 50 GWdc this year, a new report showed on Thursday.
India is set to commission more solar capacity in 2026 than in any year in its installation history, even as the policy driving that surge simultaneously creates a supply crunch that will push system prices significantly higher, according to new analysis from Wood Mackenzie.
India added 34 GWdc of solar capacity in the first half of 2026 as developers raced to commission projects ahead of the June deadline for the Approved List of Models and Manufacturers-II (ALMM-II).
Full-year additions are forecast to exceed 50 GWdc, surpassing the previous record of 49 GWdc set in 2025, according to the report.
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