Page 48 - Policy Economic Report - October 2025

POLICY AND ECONOMIC REPORT
OIL & GAS MARKET

Union Minister and President of International Solar Alliance Shri Pralhad Joshi Launched Curtain
Raiser for the Eighth ISA Assembly

The Eighth Session of the International Solar Alliance (ISA) Assembly, scheduled from 27 to 30 October
2025 at Bharat Mandapam, New Delhi, will bring the world together under one Sun, one vision, and one
shared commitment to solar energy.

Launched by India and France at COP21 in Paris, ISA is the largest treaty-based intergovernmental
organisation from the Global South, bringing together 124 Member and Signatory Countries. This high-
level ministerial gathering comes weeks ahead of COP30 in Brazil, shaping priorities for scaling solar
energy, unlocking transformative finance, charting technology and policy roadmaps, and building skill
ecosystems to accelerate a just and inclusive energy transition.

At the curtain-raiser, Shri Pralhad Joshi, Minister of New and Renewable Energy & President of the ISA
Assembly, said, “Owing to its clear vision and the consistent policies, India achieved its renewable
energy targets five years ahead of the schedule, crossing the 50% mark in overall installed electricity
capacity from non-fossil resources. Today with approximately 125 GW of solar capacity, India is the
world's third largest solar producer. This progress shows how the national ambition can translate to
meaningful change at the local level. It is because our success story is more than just numbers; it is
about the people. We have seen firsthand how decentralised solar transforms lives, bring light to rural
homes, powers local health centres and gives new tools to our farmers. With PM Surya Ghar - Muft Bijli
Yojana, more than 20 lakh households are benefiting from solar power.”

He further added, “Under the PM-KUSUM scheme, we are taking this transformation to the heartland of
India. The three components of the scheme target the installation of 10 gigawatts of small solar plants;
support 1.4 million off-grid solar pumps; and solarise 3.5 million grid-connected agricultural pumps.
Together, these efforts are ensuring that clean energy reaches the last mile. It is this combination of
scale and inclusiveness that defines India’s energy transition.”

Shri Santosh Kumar Sarangi, Secretary, Ministry of New and Renewable Energy, GoI, noted, “Today we
are the third largest in solar power, fourth largest in wind power and overall, we are now the third
largest renewable energy installation in the world. Additionally, in manufacturing of solar modules we
are the second largest after China. Our manufacturing is not only confined to solar modules but also
extends to areas like green hydrogen which is a pivotal part of our energy security—and is going ahead
as per our goal of manufacturing about 5 million tonnes of green hydrogen by 2031.”

He also noted, “ISA's role in experience sharing, in cross learning and in deploying solar both at scale as
well as at a distributed level has been commendable and I compliment the partner countries who have
collaborated within the framework of ISA for expansion of solar energy in their respective countries. We
remain committed to continue this collaboration in future and in a variety of ways through both
financial support as well as technical support which we have been extending to ISA. We also wish to see
how it can be scaled up in other countries. Some of the deployment experiments in Africa have shown
encouraging results. Given India’s success in deploying solar energy at both utility and distributed
levels—through household and farm-level initiatives such as the PM Surya Ghar - Muft Bijli Yojana,

October 2025 Page | 47