India's renewable energy sector is experiencing significant growth driven by factors such as increasing power demand, competitive power prices, and a rising interest in green energy solutions. The reduction in module prices and the development of domestic manufacturing capabilities have made solar projects more viable, while technological advancements have improved capacity utilization and financial stability. The sector has seen a boost in cell and module manufacturing due to the imposition of custom duties on imports. The improvement in the payment behavior of discoms has led to a decline in debtors, benefiting generating companies. Moreover, the focus on large-scale renewable projects is essential for green hydrogen production, with the potential for technological advancements in electrolyser systems to further accelerate renewable capacity addition. Looking ahead, meeting the increasing power demand will require continued capacity addition, storage improvements, and exploration of alternative energy sources like wind-solar hybrid systems. Failure to address these challenges could lead to a continued reliance on thermal power. Overall, the future looks promising for India's renewable energy sector, with green hydrogen playing a significant role in shaping the energy landscape.