Speaking at the Panchjanya Infra Confluence 2025, Joshi emphasized Prime Minister Narendra Modi’s approach to goal-setting, noting that the PM never opts for easily achievable targets.

“The Hon’ble Prime Minister does not set easy goals for himself or for us. He believes in setting ambitious targets that push us to strive harder. In the renewable energy sector, too, he has laid out a bold vision—and we have already achieved 50 percent of that goal,” Joshi said.

He confirmed that India is “firmly on course” to achieving the green hydrogen production target by 2030.

Joshi, who also serves as the Union Minister of New and Renewable Energy, had earlier addressed the Annual Green Hydrogen R&D Conference, reiterating the importance of the National Green Hydrogen Mission (NGHM). Launched in 2023, the NGHM aims to position India as a global hub for green hydrogen and is seen as a key pillar in the country’s energy transition.

With an outlay of ₹19,744 crore, the Mission is built on four core pillars:

• Policy and regulatory framework
• Demand creation
• R&D and innovation
• Enabling infrastructure

As part of the mission, dedicated hydrogen hubs are being developed at Kandla, Paradip, and Tuticorin ports to boost India’s export potential. Major corporations like NTPC, Reliance, and Indian Oil Corporation, along with numerous start-ups and MSMEs, are investing heavily to build a strong hydrogen value chain, expected to generate lakhs of new jobs.

The NGHM’s targets include:

• 5 million metric tonnes of annual green hydrogen production by 2030
• 125 GW of additional renewable energy capacity
• ₹8 lakh crore in investments
• 6 lakh new jobs
• 50 million tonnes of annual CO₂ emissions reduction

India recently achieved a key milestone in its energy transition by reaching 50% of installed electricity capacity from non-fossil fuel sources—five years ahead of the timeline set under its Nationally Determined Contributions (NDCs) to the Paris Agreement.

As the nation moves toward its broader target of 500 GW of non-fossil capacity by 2030 and net-zero emissions by 2070, Joshi highlighted India’s bold, inclusive, and technology-driven approach to sustainable development.

In a broader context of welfare delivery, Joshi—who is also the Union Minister for Consumer Affairs, Food and Public Distribution—noted that the government is currently providing 44 lakh tonnes of foodgrains every month to 81 crore eligible beneficiaries across the country.

Reference : https://bioenergytimes.com/india-to-achieve-5-million-metric-tonnes-green-hydrogen-production-by-2030-pralhad-joshi/

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New Delhi: India’s renewable energy sector reported a 420 per cent year-on-year growth in capacity addition in June 2025, rising from 1.4 GW last year to 7.3 GW this year, Union Minister for New and Renewable Energy Pralhad Joshi said on Tuesday at the IVCA Renewable Energy Summit 2025 in Mumbai.

The Minister highlighted that India has seen a 4,000 per cent growth in solar energy capacity—rising from 2.82 GW in 2014 to 117 GW in 2025. Wind energy capacity increased from 21 GW to 51.7 GW in the same period, registering a 140 per cent rise.

Cost reductions and policy support driving change
Solar tariffs have declined by 80 per cent—from ₹10.95/unit in 2010–11 to ₹2.15/unit currently. “As a result, even solar with battery storage now costs less than thermal, saving up to ₹2 per unit,” Joshi said.

He noted that 83 per cent of power sector investments in 2024 were directed towards renewables. “We were the largest recipient of global energy development finance, attracting $2.4 billion (₹20,040 crore) for clean energy in a single year,” Joshi said.

FDI inflows and investor returns
Since 2020, foreign direct investment in the sector has crossed ₹1.6 lakh crore ($20 billion), with ₹42,000 crore ($5 billion) in 2023 alone. In Q1 2025, clean energy investment surged 7.7 times year-on-year to $9.8 billion (₹81,700 crore).

“Investors who backed this transition have already seen multifold returns. So should you,” Joshi said, inviting capital participation in the sector.

Green hydrogen and large-scale projects
The ₹19,744 crore National Green Hydrogen Mission is aimed at making India a global hub for green hydrogen production, usage, and export. “Our first hydrogen-powered heavy-duty truck trials are already on the roads,” he added.

Citing major infrastructure projects, Joshi said, “In Gujarat’s Kutch district, we are building what will be the world’s largest renewable energy park—30 GW of solar and wind combined.”

Renewable manufacturing sees rapid expansion
Under the PLI scheme, India’s solar module manufacturing capacity has more than doubled from 39 GW to 91 GW in one year. Solar cell capacity increased from 11 GW to 25 GW.

Among the allocations under the PLI scheme:

1. 17.5 GW of module capacity awarded to six manufacturers (out of 48.3 GW total)
2. 6 GW of cell capacity awarded to two manufacturers (out of 44.9 GW total)
3. 2 GW of ingot-wafer capacity awarded to one manufacturer (out of 37.5 GW total)

Joshi said the country is now aiming to auction 50 GW of renewable capacity every year, including a guaranteed 10 GW of wind power.

Waste-to-energy and sectoral transformation

The minister also mentioned India’s largest waste-to-energy plant in Ahmedabad, which converts 1,000 tonnes of solid waste daily into electricity. “These are examples of how India’s energy transition is not only sustainable but also inclusive, benefiting cities, farmers, and communities,” he said.

Joshi concluded, “Let us join hands to power India’s transformation into a renewable energy superpower, creating long-term value for investors, for our economy, and for the planet.”

Reference : https://energy.economictimes.indiatimes.com/news/renewable/india-adds-7-3-gw-renewable-capacity-in-june-clean-energy-fdi-crosses-1-6-lakh-crore-joshi/122490027?utm_

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