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India Touts Record Renewables Gains at Davos, Says 500 GW by 2030 Is on Track

The minister uses new capacity gains to pitch India as a dependable destination for clean‑energy capital.

Overview

  • Union minister Pralhad Joshi said India added 49 GW of renewable capacity in the current calendar year, taking total renewables past 260 GW.
  • Joshi reiterated that India remains on course for 500 GW of renewables by 2030, citing strong momentum and policy stability.
  • Officials maintain India met its 2030 NDC goal five years early, with non‑fossil sources now at roughly half of the 484 GW installed power capacity and a record 44.5 GW added in 2025.
  • Investment figures highlighted include over $145 billion in the past decade with about $20 billion in FDI, plus more than 3 lakh crore committed to grid modernization, storage expansion and AI‑enabled monitoring.
  • At WEF, Joshi courted investors and partners, meeting Canada‑based La Caisse executives and Omani officials to explore projects in solar, wind, green hydrogen, manufacturing, transmission and cross‑border initiatives like OSOWOG.