India’s Solar Capacity Set for 22% Annual Growth Through 2035

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India's solar capacity is projected to grow annually by 22% until 2035, driven by factors like economic growth and rising power consumption from data centers. Total power demand in India is expected to increase by 6% yearly over the next decade, fueled by urbanization and manufacturing expansion.

India’s solar capacity is set to surge by 22% each year by 2035 as the data center boom will drive increased power consumption, a new report by Nuvama showed on Monday.    The consultancy estimates that India’s total power demand will rise by 6% every year over the next decade, “driven by economic growth, rising urbanisation, manufacturing expansion and increasing electrification across sectors,” according to the report cited by Indian news outlet ANI. Solar growth will vastly outpace overall power demand as power-intensive…