environment
India needs Rs 30 lakh crore to hit 500 GW clean-energy target: Pralhad Joshi
India needs over ₹30 lakh crore investment for its 500 GW non-fossil fuel target. Domestic financial institutions and capital markets will fund much of this significant green-energy expansion. The nation has already surpassed 300 GW of installed non-fossil fuel capacity. Renewable energy capacity grew substantially in the first four months of FY27. Maharashtra is urged to showcase projects and attract global developers at BRESE 2026.
Context
Union Minister Pralhad Joshi announced that India requires an investment of ₹30 lakh crore to achieve its target of 500 GW of non-fossil fuel capacity by 2030. Speaking ahead of the , he highlighted India's progress, noting the country has crossed 300 GW of installed non-fossil capacity. He emphasized the critical role of domestic financial institutions, capital markets, and private capital in funding this massive **energy transition**.
Exam Perspectives
Key References
AI-generated study notes · sourced from Economic Times