Union Minister of New & Renewable Energy Pralhad Joshi has reaffirmed that India’s clean energy transformation is not just an environmental objective; it is a national mission. Speaking at the IVCA Renewable Energy Summit 2025 at IIT Bombay, he highlighted that private investment is vital to achieving India’s ambitious target of 500 GW non-fossil fuel capacity by 2030. From renewable energy generation and battery storage to green manufacturing, India is witnessing record capital inflows and strong policy support.

 

 

Union Minister announced that, following the success of the PM-KUSUM Yojana in states like Rajasthan, Gujarat, and Madhya Pradesh and response to requests from 20 state ministers, the central government will soon launch PM-KUSUM Yojana 2. He credited the growing interest of investors in renewable sectors like solar and wind for this next phase.

 

 

India’s clean energy sector is gaining unprecedented momentum. The country has achieved a major milestone-reaching 50 per cent of its installed electricity capacity from non-fossil fuel sources, five years ahead of the 2030 target. This positions India among the top three nations globally in renewable energy capacity addition. 

 

 

Mr Joshi said, Prime Minister Narendra Modi’s leadership continues to drive Bharat’s green transformation – paving the path towards a self-reliant and sustainable future. This achievement reflects the success of visionary policy design, bold implementation, and the country’s deep commitment to equity and climate responsibility.

 

 

The minister emphasised that India’s energy transition reflects the success of bold policies, effective implementation, and a deep commitment to climate equity and responsibility. Flagship initiatives like PM-KUSUM, PM Surya Ghar: Muft Bijli Yojana, solar park development, and the National Wind-Solar Hybrid Policy have laid the groundwork for this transformation.