Karan VijayvargiyaSEBI Registered Research Analyst • INH000025470 • BSE/RAASB Enlistment 7030
← MAIN SOLAR REPORT
FIGURE ASSURANCE • PRIMARY-SOURCE AUDIT

Solar Report Figures,
Checked Line by Line.

A formal validation trail for every material quantitative figure displayed in the India Solar Sector Visual Investor Report.

Har material number ko official source, same date, same definition aur same unit ke against dobara verify kiya gaya hai.

Material checks14
Numerical errors0
Context notes3
Audit date05 Aug 2026
Executive conclusion

All material solar and storage figures pass

The audit compared report figures with current official CEA, MNRE, Ministry of Power and PIB publications available on 05 August 2026.

Audit verdict: Verified with no numerical correction required. The report's quantitative solar-capacity, non-fossil-capacity, percentage-share, target and storage-planning figures reconcile to primary sources. Three items need interpretation labels: the 500 GW number is a 2030 target; 59% is a derived rounded ratio; and the 297.36/297.37 GW difference comes from official publication rounding.
Master audit matrix

Figure-by-figure verification

“Report value” is what the visual report shows. “Official value” preserves the source's original unit wherever useful.

#Figure / locationReport valueOfficial valueCalculation / reconciliationStatusPrimary evidence
01Solar capacity — hero & capacity chart
30 Jun 2026
162.15 GWCEA: 162,151.97 MW; PIB/MNRE: 162.15 GW162,151.97 ÷ 1,000 = 162.15197 GW → 162.15VERIFIEDCEA June 2026
PIB 21 Jul 2026
02Solar share of total installed capacity
Hero metric
29.54%CEA: Solar 162,152 MW; total 548,858 MW; published share 29.54%162,152 ÷ 548,858 × 100 = 29.5435% → 29.54%VERIFIEDCEA installed capacity table
03Total non-fossil capacity
Hero, chart and narrative
297.37 GWCEA: 297,369 MW297,369 ÷ 1,000 = 297.369 GW → 297.37VERIFIEDCEA June 2026
04PIB presentation of non-fossil capacity
Rounding note
297.36 GWPIB release: 297.36 GW; CEA underlying: 297,369 MWOfficial publications differ by 0.01 GW in displayed rounding; underlying system total is not different.CONTEXTPIB 21 Jul 2026
CEA source table
052030 non-fossil capacity target
Hero and progress chart
500 GWGovernment target: 500 GW installed capacity from non-fossil sources by 2030Target / planning pathway — not installed capacity and not a forecast guarantee.CONTEXTMinistry of Power, 30 Mar 2026
CEA planning page
06Progress toward 500 GW target
Target-progress graphic
59%Derived from 297.369 GW ÷ 500 GW297.369 ÷ 500 × 100 = 59.4738% → 59% at whole-percent precisionDERIVEDCEA numerator
Official target
07Solar capacity — March 2014
Capacity-growth chart
2.82 GWPIB/MNRE: 2.82 GW at 31 Mar 2014Direct source matchVERIFIEDMNRE annual review via PIB
MNRE current homepage
08Solar capacity — March 2026
Capacity-growth chart
150.26 GWPIB/MNRE: 150.26 GW at 31 Mar 2026Direct source matchVERIFIEDMNRE annual review via PIB
09Storage requirement — 2026-27 total
Hero and storage chart
82.37 GWhMNRE/CEA NEP: 82.37 GWh47.65 PSP + 34.72 BESS = 82.37 GWhVERIFIEDMNRE ESS overview
10PSP component — 2026-27
Storage chart
47.65 GWhMNRE/CEA NEP: 47.65 GWhDirect source matchVERIFIEDMNRE ESS overview
11BESS component — 2026-27
Storage chart
34.72 GWhMNRE/CEA NEP: 34.72 GWhDirect source matchVERIFIEDMNRE ESS overview
12Storage requirement — 2031-32 total
Hero and storage chart
411.4 GWhMNRE/CEA NEP: 411.4 GWh175.18 PSP + 236.22 BESS = 411.40 GWhVERIFIEDMNRE ESS overview
13PSP component — 2031-32
Storage chart
175.18 GWhMNRE/CEA NEP: 175.18 GWhDirect source matchVERIFIEDMNRE ESS overview
14BESS component — 2031-32
Storage chart
236.22 GWhMNRE/CEA NEP: 236.22 GWhDirect source matchVERIFIEDMNRE ESS overview
Interpretation controls

What the numbers do — and do not — mean

These notes prevent numerically correct figures from being used with the wrong definition.

Installed ≠ announced

The 162.15 GW and 297.37 GW values are installed capacity at a fixed date. They must not be compared with announced pipelines or manufacturing nameplate capacity.

Target ≠ achieved

The 500 GW value is a 2030 non-fossil capacity target. It is neither today's capacity nor a guaranteed outcome.

Requirement ≠ operational storage

The 82.37 and 411.4 GWh figures are CEA planning requirements. They are not commissioned BESS/PSP capacity, awarded capacity or project revenue.

Audit method

Four-check validation protocol

A figure was marked verified only when the definition, date, unit and calculation all reconciled.

Definition

Solar, non-fossil, BESS, PSP, target or installed capacity?

Date

The report date and official observation date must match.

Unit

MW to GW conversions and percentage denominators were recalculated.

Independent source

CEA/MNRE data was corroborated with a separate official PIB/MoP publication where available.

Primary evidence register

Valid sources used

Government and statutory sources were prioritized. Aggregators, social media, broker notes and news articles were not used as numeric evidence.

Central Electricity Authority — June 2026 Installed Capacity

Underlying MW totals and percentage shares at 30 June 2026.

cea.nic.in/.../Website_June.pdf
MNRE — Current achievements homepage

Current public summary showing 162.15 GW solar, 57.5× growth and 54.18% non-fossil share.

mnre.gov.in/en/
PIB / MNRE — 30 June 2026 capacity release

Independent official corroboration for solar and non-fossil totals.

pib.gov.in/PressReleasePage.aspx?PRID=2287149
PIB / MNRE — FY 2025-26 annual review

Official March 2014 and March 2026 solar-capacity endpoints.

pib.gov.in/PressReleasePage.aspx?PRID=2250039
MNRE — Energy Storage Systems Overview

CEA NEP storage requirements and PSP/BESS splits for 2026-27 and 2031-32.

mnre.gov.in/en/energy-storage-systemsess-overview/
Ministry of Power — BESS development

Official confirmation that 500 GW is the 2030 non-fossil installed-capacity target.

pib.gov.in/PressReleasePage.aspx?PRID=2246898
CEA — Integrated Resource Planning

Official planning page linking the National Electricity Plan and 500 GW analytical work.

cea.nic.in/integrated-resource-planning-division/
SEBI — Research Analysts Regulations

Latest RA Regulations page available at the audit date.

sebi.gov.in/legal/regulations/...