Page 63 - Policy Economic Report - Jan 2026

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

India Marks Record-Breaking Year in Clean Energy in 2025: Union Minister Pralhad Joshi

India marked a record-breaking year in its clean energy journey in 2025, with non-fossil fuel installed
capacity rising to 266.78 GW, Union Minister of New and Renewable Energy Shri Pralhad Joshi said. This
represents a 22.6% increase over 2024, when non-fossil capacity stood at 217.62 GW, with 49.12 GW of
new non-fossil capacity added during the year.

Solar and Wind Drive Renewable Energy Expansion

Solar power led the expansion, with installed capacity increasing from 97.86 GW in 2024 to 135.81 GW in
2025, registering a growth of 38.8 per cent. Wind energy capacity also witnessed steady growth, rising
from 48.16 GW to 54.51 GW, marking an increase of 13.2 per cent. Together, solar and wind continued to
drive India’s renewable energy expansion during the year.

Bioenergy and Small Hydro Add to Clean Energy Diversification

Other renewable energy segments also contributed to the overall growth in 2025. Bioenergy installed
capacity reached 11.61 GW, including 0.55 GW from waste-to-energy off-grid projects, reflecting steady
progress in clean fuel generation and waste management.

Small hydro power capacity increased to 5.16 GW, supporting decentralised and region-specific
renewable energy development. Large hydro power capacity stood at 50.91 GW, including 7,175.6 MW
of pumped storage, strengthening grid stability and renewable energy integration.

Policy Leadership Strengthens India’s Clean Energy Pathway

Union Minister Shri Pralhad Joshi said that the record growth achieved in 2025 reflects decisive policy
direction, long-term vision and sustained implementation under the leadership of Prime Minister Shri
Narendra Modi. He said the progress strengthens India’s pathway towards energy security, climate
responsibility and a self-reliant green economy, while moving steadily towards the national target of 500
GW of non-fossil energy capacity by 2030.

India’s Energy Transition Guided by ‘Vasudhaiva Kutumbakam - One Earth, One Family, One Future’:
Union Minister Pralhad Joshi

Union Minister for New and Renewable Energy Shri Pralhad Joshi delivered India’s national statement at
the 16th Assembly of the International Renewable Energy Agency (IRENA) in Abu Dhabi, United Arab
Emirates, reaffirming India’s strong commitment to a just, equitable, affordable and sustainable global
energy transition.

Addressing the Assembly, the Union Minister stated that India’s approach to energy transition is guided
by the principle of Vasudhaiva Kutumbakam - One Earth, One Family, One Future, and a long-term vision
anchored in equity, inclusivity and policy stability. He reiterated India’s commitment to achieving 500 GW
of non-fossil fuel installed power capacity by 2030 and Net Zero emissions by 2070.

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