India meets 50% renewable energy target 5 years earlier: Pralhad Joshi

India’s MNRE Minister Pralhad Joshi has announced a major milestone in India’s clean energy journey, revealing that the country has already met its target of deriving 50% of its total installed energy capacity from renewable sources—well ahead of the 2030 deadline.

Speaking to the media during his visit to IIT Bombay, Pralhad Joshi held, “In a world seeking climate solutions, India is showing the way. Achieving 50% non-fossil fuel capacity five years ahead of the 2030 target is a proud moment for every Indian. Prime Minister Shri Narendra Modi’s leadership continues to drive Bharat’s green transformation — paving the path towards a self-reliant and sustainable future.”

Joshi also praised IIT Bombay for its significant contributions to energy research and innovation. Highlighting the government’s focus on technology-driven solutions, he noted, “We are investing heavily in research and development to enhance energy efficiency and ensure grid stability. This aligns with the Prime Minister’s vision to strengthen the foundations of India’s energy future.”

He added that the funds allocated to IIT Bombay for energy research have been effectively utilized. “I visited IIT Bombay because of its exemplary work in this space. I congratulate the entire team for their dedication and successful outcomes,” Joshi remarked.

Joshi was in Mumbai to attend the IVCA Renewable Energy Summit 2025 as the Chief Guest. Organized by the Indian Venture and Alternate Capital Association (IVCA), the summit brought together industry leaders and policymakers to accelerate investment in India’s green energy sector. In his keynote address, Joshi reiterated the government’s unwavering support for expanding renewable energy initiatives across the country.

He also emphasized the vitality of Indian innovation to reduce dependency on imported technology and position India as a global leader in clean & green energy. “Through initiatives like the Renewable Energy Research & Technology Development (RE-RTD) program and dedicated R&D funding schemes, we are facilitating lab-to-market transitions for breakthrough technologies.”

India’s Global Leadership in Climate Action

The MNE ministry held that India’s progress assumes greater significance in the global context. It said that despite having one of the lowest per capita emissions globally, India remains among the few G20 countries that are on track to meet—or even exceed—their NDC commitments. At international platforms such as the G20 and the Conference of Parties (COP) to the United Nations Framework Convention on Climate Change, India has consistently advocated for climate equity, sustainable lifestyles, and low-carbon development pathways.