Execution Will Define Renewable Energy Journey

India's clean energy transition is at a "make-or-break moment," industry experts said at the Mint Sustainability Summit 2025, adding that the country's renewable energy ambitions must now translate into faster execution and stronger financing.

- Dipali Banka

Speaking on "Scaling clean energy for a climate-ready India—bridging policy, financing and systems delivery," a panel of experts noted that while India has paced faster in renewable capacity, the challenges of storage, land availability, transmission, and financing remain concerns.

India currently has a capacity of 295.89 gigawatts (GW) of installed renewable capacity, including nuclear power capacity, well ahead of earlier plans. With annual capacity additions crossing 40% growth, experts believe the Centre's 500 GW target for 2030 may be reached as early as 2028.

"We are well poised to achieve this ambitious target," said Sharath Pungalia, country head at Gentari India, adding that the focus must now shift from just gigawatts of installed capacity to gigawatt-hours of actual consumption.

Vijay Agarwal, managing director at Equirus Capital, said last year India added a record 30 GW, and this year the figure could exceed 50 GW.