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India is outpacing America in its transition to clean energy

Mint New Delhi

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July 30, 2025

First China, then India. The US is becoming a renewables laggard

- DAVID FICKLING

Once upon a time, the US was the world's sole clean energy superpower. Until 2011, it led the world in connecting wind and solar generators to the grid. Then China took over, to a point where its lead now looks unassailable: The People's Republic added eight times more renewables than the US last year. This year, India is likely to overtake America too.

The country connected 22 gigawatts of wind and solar in the first half—a dramatic recovery from a troubling slowdown in 2022 and 2023, and enough at full output to power nearly one-tenth of the grid. Assuming this is maintained through December, that should put India ahead of the 40GW that the US government expects this year.

It's also setting the world's most populous nation on course to hit a target of Prime Minister Narendra Modi's that once seemed implausible: to reach 500GW of non-fossil generation by 2030. Such a shift will herald the dawn of a new clean energy superpower, and give the world some of its best hopes of averting disastrous climate change.

It's a remarkable turnaround for a country whose renewable industry looked like a lost cause barely more than a year ago. What happened?

FLERE HISTORIER FRA Mint New Delhi

Mint New Delhi

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Resilience spells hope as uncertainty reigns high

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Urban co-op lenders eye online banking

The National Urban Cooperative Financial and Development Corp. Ltd (NUCFDC)—the umbrella body for India’s urban cooperative banks (UCBs)—plans to request the banking regulator to allow smaller UCBs with net worth below ₹50 crore to offer digital services, including internet banking.

time to read

1 min

November 17, 2025

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