India expects renewable energy investments to exceed $220 billion by 2030, as the government accelerates capacity expansion and targets 500 GW of non-fossil fuel power generation.
India is expected to attract more than $220 billion in investments in the renewable energy sector by 2030, exceeding its existing investment target, Union Minister for New and Renewable Energy Pralhad Joshi has said.
Addressing the media after the conclusion of the Bharat Renewable Energy (BRE) Summit 2026, Joshi highlighted the growing investment momentum in India's clean energy industry. He said the country had received investments worth approximately ₹7 lakh crore, including domestic funding and foreign direct investment (FDI), over the past two years.
The government expects this momentum to continue as India works towards expanding its non-fossil fuel electricity generation capacity and strengthening its energy security.
According to Pralhad Joshi, India is progressing towards its target of achieving 500 GW of installed electricity capacity from non-fossil fuel sources by 2030.
The country currently has approximately 310 GW of installed non-fossil fuel power capacity. The government is working to add another 190 GW to reach the 500 GW milestone.
The investment target of $220 billion is expected to support the development of this additional capacity through infrastructure expansion, new renewable energy projects and improvements in the clean energy ecosystem.
Joshi expressed confidence that India would achieve its 2030 capacity target within the निर्धारित timeline and said the country was witnessing strong participation from both domestic and international investors.
India's renewable energy industry has recorded significant investment activity over the past two years.
The sector has attracted approximately ₹7 lakh crore through domestic investments and foreign direct investment, according to the Union Minister.
This growing financial participation reflects increasing interest in solar power, wind energy and other non-fossil fuel technologies.
The government expects further investments as companies expand renewable energy generation, develop supporting infrastructure and explore opportunities in emerging clean energy technologies.
The anticipated investment of more than $220 billion by 2030 is expected to strengthen India's position as a major global destination for renewable energy development.
Apart from achieving the 500 GW non-fossil fuel capacity target by 2030, India is preparing for another major phase of energy infrastructure expansion.
Pralhad Joshi said strategies were being developed to add an additional 300 GW of capacity, following directions from Prime Minister Narendra Modi.
The proposed expansion reflects the government's long-term commitment to increasing clean energy generation and meeting the country's rising electricity requirements.
Additional capacity could also support India's growing demand for electricity from manufacturing industries, electric mobility, digital infrastructure and other energy-intensive sectors.
The initiative is expected to strengthen energy security while reducing dependence on conventional fossil fuel-based power generation.
Alongside capacity expansion, the government is also focusing on improving the sustainability of the renewable energy industry.
Ministry of New and Renewable Energy Secretary Santosh Kumar Sarangi said new guidelines were being prepared for recycling waste generated from solar modules.
Solar panels have a limited operational lifespan, and their disposal and recycling are becoming increasingly important as India's installed solar capacity expands.
The proposed guidelines are expected to address the management of discarded solar modules and encourage better recycling practices.
Developing an effective recycling framework could help recover valuable materials, reduce waste and support a more sustainable solar energy ecosystem.
The Bharat Renewable Energy Summit 2026 was inaugurated by Prime Minister Narendra Modi on November 2, 2026.
During his address, the Prime Minister highlighted the importance of sustained investments in renewable energy for strengthening India's economic and energy resilience.
He referred to global disruptions caused by events such as the COVID-19 pandemic and the West Asia crisis, explaining how investments in domestic renewable energy infrastructure have helped protect the country from external uncertainties.
The Prime Minister emphasised that expanding renewable energy capacity is not only important for environmental sustainability but also plays a strategic role in ensuring reliable energy supplies.
India's continued investment in clean energy is expected to reduce vulnerability to international disruptions and strengthen its long-term energy independence.
India's ambition to attract more than $220 billion in renewable energy investments by 2030 reflects its growing commitment to clean energy development and energy security. With 310 GW of existing non-fossil fuel capacity and a target of 500 GW, the country is accelerating its transition towards sustainable power generation. Additional capacity expansion, increased private investment and solar waste recycling initiatives could further strengthen India's renewable energy ecosystem.