Goa’s Solar Sector Poised for ₹325 Crore Surge by 2027, Driven by Capacity and Jobs Boom – EQ
In Short : Goa’s solar industry is projected to grow nearly ninefold, reaching a ₹325 crore turnover by 2027, up from ₹37 crore in 2025, according to SPAG. Installed capacity is expected to rise to 65 MW, while consumer investment may hit ₹162 crore. The sector could generate 2,250 direct and 6,750 indirect jobs, boosting Goa’s clean energy landscape.
In Detail : Goa’s solar energy sector is poised for remarkable growth over the next two years. According to the Solar Power Agri Group (SPAG), the industry is projected to achieve a turnover of ₹325 crore by 2027, a significant leap from ₹37 crore in 2025.
This growth is expected to be driven by rising awareness, government incentives, and increasing consumer interest in clean and sustainable energy solutions. As demand surges, solar installations are set to accelerate across residential, commercial, and agricultural sectors.
The state’s installed solar capacity, which currently stands at 12 MW, is anticipated to grow more than fivefold to 65 MW by 2027. This expansion reflects a concerted push toward reducing reliance on conventional energy sources.
Consumer investment in rooftop and other solar solutions is also projected to rise substantially. SPAG estimates this figure will increase from ₹18 crore in 2025 to ₹162 crore in 2027, indicating strong interest from both households and businesses.
The growing solar sector is expected to have a positive impact on employment generation in Goa. By 2027, direct job opportunities in the industry may reach 2,250, with an additional 6,750 indirect jobs being created across various supporting sectors.
This employment boom is likely to span roles in manufacturing, installation, operations and maintenance, as well as sales and distribution. It will help diversify the state’s economy and support youth employment in green technologies.
SPAG attributes this projected growth to the increasing affordability of solar technology, coupled with policy support and streamlined subsidy mechanisms under national and state schemes.
Goa’s unique geographic and climatic conditions make it an ideal location for solar energy deployment. Experts suggest that with continued investment and awareness, the state can become a regional leader in rooftop solar adoption.
The anticipated boom in Goa’s solar sector is a significant step toward the state’s clean energy transition. It not only supports environmental goals but also contributes to local economic development and energy self-reliance.
