Union Minister for New and Renewable Energy, Pralhad Joshi, on Tuesday said that India has achieved its target of meeting 50 per cent of total installed energy capacity through renewable sources well ahead of the 2030 deadline.
Speaking to mediapersons during his visit to IIT Bombay, Joshi said, “We have achieved 50 per cent of total installed energy capacity through renewable energy. We were supposed to achieve this by 2030 but have done it ahead of schedule.”
The Minister credited the achievement to the vision and leadership of Prime Minister Narendra Modi, adding that India is emerging as a global leader in the renewable energy sector.
“In renewable energy, under the leadership of Prime Minister Modi, India is leading the world,” Joshi said.
Appreciating IIT Bombay’s contribution in the field of energy research and innovation, the Minister said the government is providing significant funding to address challenges related to productivity and grid stability.
“The Indian government under PM Modi is giving substantial funds for research. How to increase productivity along with grid stability is a key concern and we are working on it,” he added.
Highlighting the purpose of his visit, Joshi said, “I came to IIT Bombay because it has done very good work. I congratulate the entire team and I am happy that the funds have been well utilised for research and development.”
Recalling the Prime Minister’s promise, Joshi said the commitment to reach 50 per cent renewable capacity by 2030 has been fulfilled ahead of time.
The Minister was speaking at the IVCA Renewable Energy Summit 2025, organised by the Indian Venture and Alternate Capital Association in Mumbai, where he delivered the keynote address as the Chief Guest.
(ANI)