India's Solar Power Set to Soar Past 50 GW This Year, Says Saatvik CEO

• India's solar installations are projected to exceed 50 GW this year, driven by strong domestic demand and robust H2 execution, according to Saatvik CEO Prashant Mathur.
• Saatvik Green Energy secured ₹400 crore in orders and commissioned a 2 GW EPE film manufacturing facility, anticipating 80% top-line growth in FY26.
• India has already installed 27 GW AC (37 GW DC) in the first eight months; domestic module prices dropped 7-8% due to GST, boosting demand.
• Saatvik is expanding its module capacity from 4.8 GW to 8.8 GW with a new Odisha facility and plans to enter cell, ingot, and wafer manufacturing.
• The company's new 2 GW EPE film facility aims to reduce import dependence and supply 25% of its module needs, enhancing quality and cost control.

Why It Matters: India's solar capacity is rapidly expanding, with Saatvik Green Energy playing a key role in domestic manufacturing.