New Delhi, Nov. 3 -- India's renewable energy expansion has saved an estimated USD 100 billion in fossil fuel import costs over the past decade and could save another USD 100 billion in the next five years, European Union Ambassador to India Jean-Eric Paquet said on Tuesday.

Addressing the Bharat RE Summit & Expo 2026, Paquet highlighted the economic benefits of India's transition towards renewable energy, particularly in reducing dependence on imported fossil fuels and strengthening energy security.

He said that without the expansion of non-hydro renewable energy capacity since 2010, India's dependence on fossil fuel imports would have been approximately 50 per cent higher than current levels.

"We calculated what India's import depend...