Page 50 - Policy Economic Report - October 2025

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the clean energy sector and expressed pride in the renewable energy revolution that has swept the
nation under the leadership of Prime Minister Shri Narendra Modi.

The Union Minister stated that, under the leadership of the Prime Minister and the efforts of Chief
Minister Shri Bhupendrabhai Patel, Gujarat now sources about 60% of its installed capacity from
renewable energy. When Prime Minister Shri Narendra Modi first initiated the solar energy endeavor 25
years ago, the cost per unit was ?18 to ?20. He added that a visionary is someone who can foresee what
will happen 20-25 years later. The Prime Minister had envisioned it at that time. Today, this vision has
become a revolution. Recently, the cost of a solar unit in Madhya Pradesh has dropped to just ?2.15 per
unit. Even with battery storage, the price per unit was recorded at ?2.70. The initiative that many
doubted has today positioned India as a frontrunner in the global solar revolution, he said.

The Minister mentioned that in 2014 when Prime Minister Modi took office, the country's total solar
power generation was only 2.8 Gigawatts (GW). Today, the country is getting 125 GW of electricity
solely from solar power. Praising Mehsana, Shri Joshi said, "Mehsana is a very dynamic place, which is
considered a beacon of clean energy." He highlighted that Modhera in the district is perhaps the only
village in the world to generate 24x7 clean electricity, which is a matter of great pride.

Drawing attention to the serious challenge of climate change, the Union Minister said, "Due to our
increasing demand, we are becoming unsustainable, not sustainable. We are destroying nature and
biodiversity." He warned that the Earth's temperature has risen by 1.1 degrees Celsius since the
Industrial Revolution, leading to the extinction of creatures like the polar bear and polar fox. Shri Joshi
emphasized, "We have a maximum of 7 years before the temperature rises by 1.5 degrees. If we cross
this, the situation will become very serious.

India Reframes Its Renewable Revolution: The Next Big Leap from Speed to System Strength for Viksit
Bharat

India’s renewable energy sector is entering a transformative new phase, one defined not merely by the
pace of capacity addition, but by the strength, stability, and depth of its systems. After a decade of
record expansion, the focus is now shifting toward creating a robust, dispatchable, and resilient clean
energy architecture that can support the nation’s ambitious goal of achieving 500 GW of non-fossil
capacity by 2030.

The Ministry of New and Renewable Energy (MNRE) underscores that India’s renewable growth story
remains one of the fastest and most forward-looking in the world, evolving from speed to system
strength, from quantity to quality, and from expansion to enduring integration.

A Shift from Quantity to Quality

In the last decade, India’s renewable energy capacity has grown more than fivefold, from under 35 GW
in 2014 to over 197 GW (excluding large hydro) today. Such exponential growth inevitably reaches a
point where the next leap requires not just more megawatts, but deeper system reforms.

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