India Targets $220 Billion Green Energy Investment Push by 2030
New Delhi: In a massive strategic push to cement its position as a global leader in clean energy, the Indian government has announced an ambitious plan to mobilize $220 billion in investments for the renewable energy sector between 2027 and 2030. The roadmap, aimed at scaling up domestic manufacturing, expanding transmission networks, and bolstering the green hydrogen economy, serves as the centerpiece for the upcoming Bharat Renewable Energy Summit & Expo (BRESE), scheduled to be held in New Delhi from November 2 to 5.
Building a 500 GW Powerhouse
India is currently making steady progress toward its overarching goal of installing 500 GW of non-fossil fuel capacity by the end of the decade. With current capacity already standing at 308 GW, the government remains confident in its trajectory.
According to Santosh Sarangi, Secretary in the Ministry of New and Renewable Energy (MNRE), the capital infusion required for the next phase is spread across diverse sub-sectors. Solar projects remain the primary investment magnet, requiring an estimated $70 billion, followed by $40-45 billion for critical transmission infrastructure. Wind energy projects are expected to draw $25-30 billion, while green hydrogen initiatives and energy storage deployments are pegged at $20-25 billion and $20 billion, respectively. Hydropower projects will also see an influx of $12-15 billion.
Global Collaboration at BRESE
The upcoming summit, to be inaugurated by Prime Minister Narendra Modi at the Bharat Mandapam, is set to be a significant diplomatic event. Energy ministers from 30 nations, including key partners such as Australia, Germany, France, Denmark, the Netherlands, and the United Kingdom, are expected to participate. The presence of European Union representatives highlights the growing international interest in India’s energy transition.
“Realising this ambition will require approximately $220 billion in investment… alongside accelerated deployment of energy storage, stronger transmission networks and expanded domestic manufacturing capabilities,” Sarangi noted. The government is banking on a collaborative model involving pension funds, private equity firms, and major financial institutions to bridge this funding gap.
Innovations in Green Hydrogen and Geothermal Energy
Beyond traditional solar and wind power, the government is aggressively pursuing the green hydrogen frontier. India’s developers have already secured orders for 5.5 lakh tonnes per annum of green hydrogen, with 4.5 lakh tonnes of that capacity contracted in 2026 alone. Major markets like Japan, South Korea, and the EU are actively exploring sourcing green ammonia and methanol from India to meet their own decarbonization goals.
The Ministry is also diversifying the energy mix by drafting a formal framework for geothermal energy exploration. Similar to existing petroleum exploration guidelines, this policy is expected to be finalized within the next two months. Furthermore, India is experimenting with sustainable agricultural practices by testing direct ammonia injection into soil across 10,000 acres in six states—a move designed to replace traditional urea and reduce agricultural waste.
BRESE 2026 will run concurrently with the 9th Session of the International Solar Alliance (ISA) Assembly and the 4th International Conference on Green Hydrogen (ICGH), further underscoring New Delhi’s commitment to hosting global discourse on climate action and technological innovation.
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