Page 60 - Policy Economic Report- June'26

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Shri Joshi said that reservoirs and other water bodies are emerging as important assets for clean energy
generation through floating solar projects. He added that these initiatives reflect the Government’s
commitment to harnessing natural resources in a sustainable and efficient manner while accelerating
India’s clean energy transition.

The Minister also launched the Online Portal for the Small Hydro Power Development Scheme, stating
that it will enhance transparency and efficiency in implementation. He said the initiative marks the first
major policy intervention in the small hydro sector since 2017.

Shri Joshi said that flagship programmes such as PM Surya Ghar: Muft Bijli Yojana and PM-KUSUM are
expanding citizen participation in India’s clean energy transition and accelerating the adoption of
renewable energy across the country.

Shri Joshi highlighted that India has emerged as one of the world’s leading solar markets, with non-fossil
fuel capacity increasing from 81 GW in 2014 to 288 GW and solar capacity rising from 2.8 GW to 155 GW.
He added that domestic solar manufacturing capacity has also expanded significantly, with module
manufacturing reaching 192 GW and cell manufacturing capacity touching 30 GW.

The Minister said that India’s clean energy achievements have earned global recognition and
demonstrated the country’s ability to deliver on ambitious climate and energy goals. He added that India
has transformed from a power-deficit nation into a power-surplus nation while emerging as a major
renewable energy manufacturing hub.

On the occasion, NISE and Military Engineering Services exchanged an MoU to strengthen the adoption
of solar energy across defence establishments. Under the collaboration, NISE will provide technical
support for planning, implementation and monitoring of renewable energy projects.

Shri Joshi also released the book “Green Energy and Sustainable Development” authored by Dr.
Mohammad Rihan. He expressed confidence that the publication would serve as a valuable resource for
students, researchers, policymakers and other stakeholders.

14. Union Minister Shri Pralhad Joshi Launched Green Hydrogen Certification Portal to Enhance
Transparency in Green Hydrogen Sector

The Union Minister for New and Renewable Energy and Consumer Affairs, Food and Public Distribution,
Shri Pralhad Joshi, launched the Green Hydrogen Certification Portal of India (GHCI) during the National
Workshop on “Strengthening the National Green Hydrogen Mission: Through State Policies, Hubs &
Infrastructure” organised by the Ministry of New and Renewable Energy. Developed by MNRE, the portal
will facilitate transparent certification and regulatory compliance under the Green Hydrogen Certification
Scheme of India.

Speaking on the theme “Strengthening the National Green Hydrogen Mission: Through State Policies,
Hubs & Infrastructure”, Shri Joshi requested States to actively participate in advancing the National Green
Hydrogen Mission. He said six states have already notified dedicated Green Hydrogen Policies, while seven

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