Overview
- Vestian’s latest report, released Monday, projects installed capacity of 1.7–2.0 GW by end‑2026 supported by nearly $30 billion in investment.
- The study forecasts a market worth about $22 billion by 2030 as total capacity rises to roughly 4–5 GW.
- The construction queue shows more than 700 MW under way with a further 1–2 GW in planning, pointing to steady near‑term supply.
- Capacity remains concentrated in Mumbai at about 49% and Chennai at 18%, while secondary hubs like Hyderabad, Bengaluru and Pune grow and Tier‑II cities are set to top 100 MW by late 2026.
- Demand from AI and cloud services is climbing with heavier 5G data use, while $6–7 million per MW build costs and long‑term tax incentives are attracting hyperscalers and foreign capital, reflected in a new 3 MW Mumbai site slated to open in August 2026.