Union Minister for New and Renewable Energy Pralhad Joshi said India expects to exceed its 220 billion dollar investment target for adding 190 GW of non-fossil fuel power capacity by 2030.
Addressing the media at the conclusion of the Bharat Renewable Energy (BRE) Summit 2026, the Union Minister said that investments totalling 7 lakh crore rupees, including domestic funds and foreign direct investment, have flowed into the renewable energy sector over the past two years.
Mr Joshi said the momentum would continue and India would meet the 500 GW target on schedule. He added that strategies are also being prepared to add another 300 GW as directed by Prime Minister Narendra Modi. He said that at present, the country’s installed power capacity from non-fossil fuels stands at 310 GW, and the Union government has fixed a target of reaching 500 GW by 2030.
Meanwhile, the Ministry of New and Renewable Energy Secretary, Santosh Kumar Sarangi said the government is preparing new guidelines for recycling solar module waste.
The Summit was inaugurated by Prime Minister on 2nd November 2026. In his address, the Prime Minister highlighted the strategic importance of India’s sustained investments in renewable energy in strengthening the country’s resilience to global disruptions, arising from COVID-19 pandemic and the West Asia crisis. He observed that India’s investment in the renewable energy sector has largely shielded the country from these disruptions.
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