New Delhi, May 13: India is on track to achieve its ambitious target of 500 GW of non-fossil fuel energy capacity by 2030, Union Minister for New and Renewable Energy Pralhad Joshi said on Tuesday, highlighting the country’s rapid progress in clean energy expansion.
Speaking at the CII Annual Business Summit 2026, the minister said India’s renewable journey is not only boosting energy capacity but also laying the foundation for a globally competitive and self-reliant energy ecosystem.
India’s non-fossil fuel capacity has grown sharply from 81 GW in 2014 to 288 GW currently, marking a more than 256 per cent increase. Solar capacity has surged from 2.8 GW to 155 GW, while wind energy capacity has risen from 21 GW to 56.4 GW.
Joshi noted that the next phase of growth will require deeper integration of generation, storage and transmission systems, along with stronger grid resilience. He emphasised that sustained collaboration between government and industry will be critical to maintaining momentum.
Despite a 7 per cent decline in global renewable investments, India continues to attract strong capital inflows, reflecting rising international confidence in its clean energy trajectory.
The minister also underlined that renewable energy is increasingly becoming a key factor in industrial competitiveness across sectors such as steel, aluminium, automotive and textiles. Emerging segments like green hydrogen, battery storage, offshore wind and round-the-clock renewable energy solutions are expected to drive the next phase of expansion.
He invited global investors and industry stakeholders to participate in the upcoming Renewable Energy Global Investors Meet, expressing confidence that India will emerge as a global benchmark in sustainable industrial transformation.
Referring to recent public appeals by Narendra Modi on sustainable living and self-reliance, Joshi said energy policy is now closely linked with industrial and trade strategy, making renewable adoption essential for long-term economic growth and export competitiveness.
