1、For updated information,please visit www.ibef.orgAugust 2025Renewable Energy2Executive Summary3Advantage India 4Market Overview and Trends6Strategies Adopted13Growth Drivers16Opportunities 22Key Industry Contacts26Appendix28Table of Contents3Executive summaryIncreasing investmentThe Budget for FY26
2、has notably enhancedallocations for the renewable energy sector,with budget estimates for the Ministry of NewandRenewable Energy(MNRE)totalingUS$3.03 billion.This represents a 39%increasecomparedtolastyearsinitialbudgetestimates of US$2.26billion.The Cabinet has approved a Rs.1 lakh crore(US$11.41 b
3、illion)Research,DevelopmentandInnovationFund.UnionMinisterofCommerce and Industry,Mr.Piyush Goyal,highlighted its potential to rival Rs.6-7 lakhcrore(US$68.47-79.88billion)R&Dinvestmentsinadvancedeconomies,leveragingIndiassignificantcostadvantages.Immense growth potentialIndia is surpassing climate
4、targets with 100Gigawattsofsolar,47%non-fossilfuelpower,and a 36%reduction in emissionsintensity.The country has immense growthpotential in renewable energy,especially insolar and wind power,as it aims to achieve500 gigawatts of renewable energy capacityby 2030.As of June 2025,renewable energy sourc
5、es,includingbiomass,wasteto powerandwaste to energy,have a combined installedcapacity of 184.62GW.India will drive 35%of global energy demandgrowth over the next two decades,focusingon balancing energy availability,affordability,and sustainability.It is advancing its greenenergy transition through i
6、nvesting in naturalgas,LNG,andhydrogentosupportdecarbonisationwhilemeetingenergyneeds.India is actively enhancing its nuclear powercapacity to meet growing energy demandsandachieveenvironmentalgoals.Thegovernment has initiated steps to increasenuclear power capacity from the current8,180MW to 22,480
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