India has surpassed 520 GW of installed power capacity, with more than half of generation coming from non-fossil fuel sources, the Union Minister of State for Power and New and Renewable Energy Shripad Yesso Naik said while addressing the India Energy Transition Summit 2026 organised by the Federation of Indian Chambers of Commerce and Industry (FICCI) in New Delhi. The Minister conveyed that the energy transition is actively underway and is being supported by policy clarity, regulatory measures and sustained investments in renewable infrastructure across the country.

Rapid growth in solar capacity has more than tripled in recent years, reflecting the mainstreaming of renewable energy within the national power mix and widespread uptake by utilities and consumers. Government initiatives such as competitive bidding frameworks, expansion of green energy corridors and targeted support for manufacturing and transmission have accelerated deployment. Ultra-mega renewable energy parks and rooftop solar installations under the PM Surya Ghar Yojana have further strengthened distributed generation, increased consumer participation and diversified the resource base.

India has set a target of achieving 500 GW of non-fossil fuel capacity by 2030 and remains committed to reaching net zero emissions by 2070 as part of its long-term climate strategy. Officials noted that meeting the 2030 target will require coordinated action across central and state agencies, continued investor confidence and attention to grid integration and storage solutions. The shift to cleaner energy sources has been presented as aligned with global climate commitments while also addressing domestic energy security and supply reliability.

The transformation is expected to deliver multiple economic and strategic benefits by enhancing industrial competitiveness, creating employment opportunities across construction, operations and manufacturing and reducing dependence on fossil fuel imports. The Minister underlined that the energy transition is not a distant goal but a structured and ongoing process, and that with installed capacity exceeding 520 GW the country is advancing towards its 2030 and 2070 objectives while strengthening sustainable growth.