India Seeks $220 Billion Investment to Boost Clean Energy by 2030
India aims to attract approximately $220 billion in clean energy investments over the next three years to accelerate renewable power generation and strengthen its electricity grid. A senior government official announced the target on October 28, 2026, as the country works towards achieving 500 GW of non-fossil fuel-based power capacity by 2030. The planned investment will support solar and wind energy, battery storage, green hydrogen and transmission infrastructure.
India currently has around 308 GW of non-fossil fuel-based power generation capacity and is working towards its broader goal of achieving net-zero emissions by 2070. Between 2024 and 2026, the country attracted approximately $64 billion in private clean energy investments, including $6.2 billion in foreign investment, while the government contributed an additional $6 billion. India has also developed a market for around 550,000 tonnes of green ammonia demand from international buyers, including Japan and South Korea.
Despite the progress, around 40 GW of clean energy projects are yet to secure buyers, following the award of numerous project tenders in recent years. The government is working with state authorities to encourage renewable power adoption and expand battery storage capacity. India is also preparing to meet international investors at a clean energy summit in New Delhi next week to explore additional funding opportunities, including investments from Canadian pension funds.
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