India’s renewable energy sector has gained USD 67 billion in investment over the past two years, said Union Minister for New and Renewable Energy Pralhad Joshi on Monday adding that it is one of the largest investments in any single sector.
On the sidelines of the Bharat Renewable Energy Summit & Expo 2026 in New Delhi, stated that the sector is growing rapidly and will contribute majorly in the country’s future power demand. India’s non-fossil fuel capacity expanded by more than 50 percent under Prime Minister Narendra Modi’s leadership, adding 110 GW to reach from just over 200 GW in September 2024.
Moreover, Joshi encouraged investors to continue investing into India and join its growth story. He underlined India’s status as one of the world’s fastest-growing economies, with agencies revising growth forecasts to as high as 7 per cent.
Furthermore, Manufacturing capacity has grown majorly since 2014. Solar capacity jumped from 2.8 GW to 171 GW, solar modules from 2 GW to 225 GW, wind from 21 GW to 60 GW, wind turbine manufacturing from 10 GW to 24 GW, and solar cells from zero to 45 GW. Concurrently, solar tariffs dropped from ₹5.50 per unit in 2014 to ₹2.15, with solar-plus-battery rates reaching as low as ₹2.70 per kWh.
