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‘India’s Green-Energy Shift Shielded It From Global Crises’: Prime Minister Narendra Modi

India expects $220 billion in clean energy investment opportunities as it moves to expand non-fossil capacity and green hydrogen production.

  • On Monday, Prime Minister Narendra Modi announced at the Bharat Renewable Energy Summit & Expo 2026 that India will add 500 GW of new non-fossil fuel capacity over the next 10-11 years.
  • Currently, India has 308 GW of installed non-fossil capacity, representing about 55.1% of total power generation capacity, having achieved its Paris pledge five years ahead of schedule.
  • Since the 2024 RE-INVEST Summit, around $63 billion has been invested in the renewable sector, contributing to a decade-long total exceeding $164 billion with opportunities worth around $220 billion by decade's end.
  • Under the National Green Hydrogen Mission, India aims to produce 50 lakh tonnes of green hydrogen by decade's end, while Modi credited clean energy investments for averting an energy crisis amid the West Asia war.
  • Energy security is directly linked to economic security, Modi emphasized, declaring "We will do it!" to underscore India's commitment to transitioning from limited fossil fuel reserves to clean energy leadership.
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Prime Minister Narendra Modi stated that India is fully prepared to add 500 gigawatts of additional renewable energy capacity over the next 10 to 11 years. He noted that India has achieved its Paris Agreement targets five years ahead of schedule. This will open up investment opportunities worth over ₹20 lakh crore in India by 2030.

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Business Today broke the news in India on Monday, November 2, 2026.
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