Page 47 - Policy Economic Report - Feb 2026
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POLICY AND ECONOMIC REPORT
OIL & GAS MARKET
GW of wind capacity. In the ongoing financial year alone, India has added over 35 GW of solar and 4.61
GW of wind capacity.
With clarity of purpose and shared commitment, he concluded, offshore wind can emerge as a strong
pillar of India’s clean, reliable and self-reliant energy future, and a flagship of India–UK cooperation under
Vision 2035.
Union Minister Shri Pralhad Joshi Visited ISA Pavilion at India AI Impact Summit
Union Minister of New and Renewable Energy, Pralhad Joshi, visited the Pavilion of the International Solar
Alliance (ISA) at the India AI Impact Summit held at Bharat Mandapam, Hall No. 14, and reviewed a series
of technology-led innovations advancing the Global Mission on AI for Energy.
The Pavilion highlighted practical, scalable models that demonstrate how Artificial Intelligence (AI), digital
platforms and geospatial tools can modernise utilities, accelerate renewable energy integration, and
strengthen energy resilience across ISA Member Countries.
The India AI Impact Summit spotlighted the Global Mission on AI for Energy as a platform for driving
convergence between solar deployment and digital intelligence, enabling real-time optimisation and
smarter grid management.
From Energy Transition to Grid Transition
As distributed renewables expand rapidly, the focus is shifting from merely adding capacity to integrating
millions of decentralised assets into a stable, reliable grid. This requires stronger transmission
infrastructure, modernised distribution networks, and real-time monitoring systems.
The Minister noted that the energy transition must be matched by a grid transition, building flexible,
digital, intelligent grids powered by data-driven forecasting and real-time optimisation.
States such as Delhi, Rajasthan, and Andhra Pradesh are advancing digitisation, smart metering, and digital
control systems, reducing losses and enabling higher renewable penetration. These experiences offer
valuable lessons for developing nations seeking to modernise their power sectors.
India’s Solar Journey: Vision at Scale
India’s solar capacity has grown from less than 3 GW in 2014 to over 141 GW today, positioning the
country among the fastest-growing solar markets globally. Solar energy has become central to India’s
development strategy and energy security framework.
A defining achievement of this journey has been the democratisation of solar energy. Through PM-
KUSUM, farmers are becoming energy producers, with lakhs of solar pumps reducing diesel dependence
and ensuring reliable daytime power supply. Feeder-level solarisation is improving supply quality while
lowering distribution losses.
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