A strong energy mix of Renewable Energy Sources (RESs) is needed for sustainable development in the electricity sector. India stands as one of the fastest developing countries in terms of RES production. In this framework, the main objective of this review is to critically scrutinize the Maharashtra state energy landscape to discover the gaps, barriers, and challenges therein and to provide recommendations and suggestions for attaining the RES target by 2022. This work begins with a discussion about the RES trends in various developing countries. Subsequently, it scrutinizes the installed capacity of India, reporting that Maharashtra state holds a considerable stake in the Indian energy mix. A further examination of the state energy mix is carried out by comparing the current and future targets of the state action plan. It is found that the installed capacity of RESs accounts for about 22% of the state energy mix. Moreover, the current installed capacity trend is markedly different from the goals set out in the action plan of the state. Notably, the installed capacity of solar energy is four times less than the target for 2020. Importantly, meeting the targeted RES capacity for 2022 presents a great challenge to the state. Considering this, an analysis of the state’s strengths, barriers, and challenges is presented. Moreover, strong suggestions and recommendations are provided to clear the track to reach the desired destination. This can be useful for the government agencies, research community, private investors, policymakers, and stakeholders involved in building a sustainable energy system for the future.