By Enersider Desk | New Delhi
Union Minister for New and Renewable Energy Pralhad Joshi stated that India’s clean energy transition is central to shaping the country’s industrial competitiveness, trade positioning, and economic resilience, according to an official statement dated May 12, 2026.
Addressing the CII Annual Business Summit 2026, Joshi said that India’s journey towards 500 GW of non-fossil fuel capacity is laying the foundation for an Aatmanirbhar energy ecosystem. He stated that Aatmanirbharta is about confidence, capability and global competitiveness.
Joshi noted that renewable energy played a critical role in meeting India’s record peak power demand of 256 GW, contributing nearly one-third of that demand. He said that while global renewable energy investments declined by around 7%, India continued to attract strong investment flows.
Joshi outlined key policy measures including notification of long-term Renewable Consumption Obligation trajectories, introduction of Carbon Credit Certificate Regulations, 2026, long-term green ammonia procurement agreements, a warranty framework for solar PV modules, the Renewable Energy Equipment Import Monitoring System, and tax and duty reforms.
He stated that India’s non-fossil fuel capacity has increased from 81 GW in 2014 to 288 GW at present, a growth of over 256%. Solar energy capacity has risen from 2.8 GW to 155 GW, while wind energy capacity has grown from 21 GW to 56.4 GW.
Joshi expressed confidence that India is on track to achieve its target of 500 GW of non-fossil fuel capacity by 2030. He invited industry stakeholders and global investors to participate in the upcoming Renewable Energy Global Investors Meet.
Also Read: India Ranks third globally in Renewable Energy Installed Capacity: Pralhad Joshi
