New Delhi, September 1, 2025 – India has crossed the significant milestone of 180 GW renewable energy capacity, solidifying its position as the world’s third-largest renewable energy market. The achievement comes with unprecedented private sector investment of $45 billion committed for the next three years.
The Ministry of New and Renewable Energy announced that solar power contributes 78 GW, wind energy accounts for 72 GW, and other renewable sources including hydro and biomass make up the remaining 30 GW. This capacity addition has created 1.2 million direct jobs and 3.5 million indirect employment opportunities.
Investment Landscape and Corporate Participation:
Major corporate groups have announced substantial renewable energy investments. Adani Green Energy has committed $25 billion for 50 GW capacity addition by 2027, while Tata Power plans $12 billion investment for 35 GW renewable capacity expansion.
International investors have shown strong confidence in India’s renewable sector. The Canada Pension Plan Investment Board has invested $2.8 billion in Indian renewable assets, while Norway’s sovereign wealth fund has allocated $3.2 billion for solar and wind projects.
Manufacturing Ecosystem Development:
The solar manufacturing sector has witnessed remarkable growth with domestic production capacity reaching 15 GW for solar cells and 25 GW for solar modules. The Approved List of Models and Manufacturers (ALMM) has promoted quality domestic manufacturing while reducing import dependency.
Wind turbine manufacturing has expanded significantly with 12 global manufacturers establishing production facilities in India. The sector now produces 85% of wind turbines domestically, contributing to cost reduction and supply chain security.
Grid Integration and Storage Solutions:
The renewable energy integration challenge is being addressed through massive grid infrastructure development. The Green Energy Corridors project has commissioned 9,700 km of transmission lines specifically for renewable energy evacuation.
Battery Energy Storage Systems (BESS) deployment has accelerated with 8.5 GW of grid-scale storage commissioned. The declining battery costs, now at $120 per kWh, have made storage economically viable for grid balancing and peak power management.
Economic Impact and Cost Competitiveness:
Renewable energy tariffs have reached grid parity with conventional sources, with solar power tariffs averaging ₹2.45 per unit and wind power at ₹2.65 per unit. This cost competitiveness has driven industrial demand, with 450 corporations signing renewable energy purchase agreements.
The sector has contributed ₹4.8 lakh crore to the economy through direct investments, component manufacturing, and service provision. State governments have earned ₹15,000 crore in additional revenue through land lease fees and local taxes.
Global Leadership and Climate Commitments:
India’s renewable energy success has strengthened its position in international climate negotiations. The country is ahead of schedule in meeting its Paris Agreement commitments and has voluntarily increased its 2030 renewable energy target to 500 GW.
The International Solar Alliance, headquartered in India, has mobilized $62 billion in solar investments across 109 member countries. This leadership role has positioned India as a key player in global clean energy diplomacy.
Future Roadmap and Emerging Technologies:
The government has announced plans for 50 GW of green hydrogen production capacity by 2030, requiring an additional 125 GW of renewable energy. This ambitious target has attracted international partnerships with Germany, Japan, and Australia for technology transfer and investment.
Floating solar projects totaling 10 GW are under development, utilizing India’s vast water body resources. These projects will conserve land while reducing water evaporation, providing dual environmental benefits.