“India’s flagship solar initiative, PM-Surya Ghar, has already surpassed 850,000 rooftop installations, marking significant progress toward the goal of powering 10 million households with solar energy. This initiative, along with ongoing policy support and financial backing, positions India as a global leader in the clean energy transition.”
He emphasized the country's commitment to achieving 500 GW of renewable energy capacity by 2030, with a long-term vision of 1,800 GW by 2047. India’s renewable energy capacity has surged from 75 GW in 2014 to over 220 GW today, showcasing significant progress in the sector.
He also stressed the importance of energy security, finance, and policy stability in driving this transformation, including the successful implementation of green hydrogen initiatives. He also underscored the importance of state governments, bankers, and other stakeholders in supporting this transition. The Minister assured that the government is actively addressing issues such as financing, policy implementation, and land acquisition, with regular consultations and meetings held with all relevant stakeholders.
“India is on track to become a global leader in renewable energy, with continuous efforts being made to accelerate the country’s energy transition,” the minister added. The Minister reaffirmed the government's dedication to achieving these ambitious targets, ensuring energy security, and contributing to global decarbonization efforts."
Echoing the industry's commitment,Shivanand Nimbargi, Chair, FICCI Renewable Energy CEOs Committee and MD & CEO, Ayana Power, added, "We are looking at an ambitious target of 500 GW by 2030, and working towards accelerating our journey to net zero. From an industry perspective, we assure the government of our full support in achieving these targets. With timely solutions to sectoral challenges, we can successfully drive India's energy transition towards a sustainable future."
The two-day summit, organized by FICCI, serves as a strategic platform for accelerating India's energy transition. The summit brings together key stakeholders, including government officials, industry leaders, financial institutions, and technology innovators, to discuss critical areas such as renewable energy expansion, energy storage, green hydrogen, and financing mechanisms.
With discussions focused on accelerating clean energy adoption, fostering public-private partnerships, and mobilizing investments, the 3rd Edition of India Energy Transition Summit serves as a key milestone in India's energy transition journey, reinforcing its position as a global leader in renewable energy.