In a bold declaration at IRENA’s 16th Assembly in Abu Dhabi, India’s Union Minister Prahlad Joshi unveiled a $300 billion investment gateway in clean energy sectors by 2030, spanning production, storage, green hydrogen, grids, and manufacturing.
India’s allure for investors stems from its predictable policies and open markets, making it a top global hub for sustainable energy funding. Joshi called for deeper global partnerships to facilitate tech transfers, low-cost finance, skill development, and aligned standards—vital for emerging economies to embrace renewables swiftly.
Expressing unwavering support for IRENA, India pledges to contribute its vast knowledge reservoir, prioritizing alliances with vulnerable nations to fast-track worldwide clean energy adoption.
This isn’t just about megawatts; India’s journey links energy shifts to human progress, opportunities, and collective sustainability under the ‘Vasudhaiva Kutumbakam’ ethos of unity and equity.
Targets remain firm: 500 GW non-fossil power by 2030, net-zero by 2070. Remarkably, India hit 50% non-fossil capacity in 2025—beating Paris timelines by half a decade—with renewables surging past 266 GW.
Fueling its rapid energy demand growth, India is advancing storage tech, smart grids, dedicated green corridors, and 24/7 reliable supply initiatives. Self-sufficiency drives local production in solar panels, turbines, batteries, and green hydrogen tech, fortifying supply chains.
People power the change: PM Surya Ghar has installed rooftop solar for 2.5 million households swiftly, targeting 10 million soon. PM-KUSUM empowers 2.17 million farmers via solar irrigation, cutting diesel dependence.
Joshi engaged in strategic talks on visionary energy pathways, advocating inclusive movements fueled by global aid in funding, innovation, and policy.
Hailing new IRENA leadership from Dominican Republic and its deputies, he anticipates strengthened multilateralism for equitable transitions.
A key UAE meet reinforced India-UAE synergy in climate, renewables, and security, appraising decade-long pacts aligned with UAE’s 2050 net-zero vision, focusing on decentralized energy, manufacturing boosts, storage innovations, and innovative financing for enduring benefits.