23 January 2026 at 10:50 pm IST
At the World Economic Forum 2026 in Davos, India highlighted itself as a top investment-ready market for clean energy, announcing a need for $300–350 billion by 2030. Union Minister for New and Renewable Energy Pralhad Joshi noted that India has already built 267 GW of non-fossil fuel capacity and is on track to meet its 2030 targets, offering speed, scale, stability, and long-term returns to investors. Joshi met with global investors and energy companies to discuss opportunities in green hydrogen, solar and wind with battery storage, grid upgrades, and hybrid energy projects. Key engagements included: La Caisse: expanding climate and clean energy investments under the “Partner with India” initiative. Ingka Group (IKEA): exploring solar, wind, and hybrid energy projects in India. Mercuria Group: planning to invest a significant portion of its portfolio in India’s clean energy market. Oman’s Economic Advisor: cooperation on solar, wind, green hydrogen, energy storage, and export infrastructure under the India–Oman CEPA. Joshi emphasized India’s clear policies, strong state-level implementation, and growing manufacturing base as key factors attracting long-term global investment. The forum showcased India’s readiness to scale up renewable energy infrastructure and accelerate its energy transition.
