Mumbai, Nov. 10 -- Union Minister for New and Renewable Energy Pralhad Joshi has expressed confidence that investment in India's clean energy sector will exceed the $220 bn required to add the remaining 190 GW of non-fossil fuel-based electricity capacity by 2030.
Joshi said India had already crossed 310 GW of installed non-fossil fuel-based capacity against the government's target of 500 GW by 2030. He made the remarks on Thursday on the sidelines of the Bharat Renewable Energy Summit & Expo 2026 at Bharat Mandapam in New Delhi.
The minister said the country was positioned to attract sufficient capital to complete the additional capacity needed over the next four years. His assessment covers investment required for the remaining 190 GW, taking the country from its current installed capacity to the national 2030 target.
Joshi also pointed to the pace of investment in the renewable energy sector over the past two years. According to him, investments totalling Rs. 7 tn had flowed into the sector during that period, including money raised through domestic sources and foreign direct investment.
The minister attributed the investment momentum to the expanding scale of India's renewable energy market and the country's broader non-fossil capacity ambitions. The government's 500 GW objective includes electricity generation capacity based on sources other than fossil fuels, with investment expected to support the addition of new projects and associated infrastructure.
The comments came as industry participants gathered at the renewable energy summit and expo to discuss the sector's growth. Joshi's projection indicates that the government expects capital inflows to remain strong enough to meet or exceed the financial requirement for achieving the 2030 capacity goal.
Published by HT Digital Content Services with permission from Construction World.