Pankaj Verma

The Indian solar industry is poised for transformational growth, driven by government initiatives, cost competitiveness, and the increasing need for clean energy. The industry has witnessed phenomenal growth, surpassing the US to become the world's second-largest solar power market. The Indian government aims for a 4x increase in operational solar capacity by 2030, indicating significant growth potential. The market size is estimated at around USD 10.4 billion, with a projected CAGR of 13.4% until 2030, reaching USD 24.9 billion. At Lightspeed, we believe in the power of delivering success to all our clients, which is why we are actively supporting the vision set forth by our industry and developing solar parks with a cumulative capacity of 700 MWp to 1 GWp.