The BloombergNEF India Transition Factbook 2026 highlights the expanding role of solar, wind and batteries in India's electricity system.

Solar market development

The report identifies India as the second-largest market for annual solar additions. It points to favourable solar resources, competitive procurement and transmission investment as factors supporting utility-scale deployment.

Storage and corporate demand

The analysis reports improving economics for renewable generation combined with batteries and growing corporate procurement through offsite power purchase agreements. Its expectation that India could become the third-largest storage market by 2030 is a forecast.