financial year Union – Union New and Renewable Energy Minister Pralhad Joshi photo) Highlighting India’s clean energy expansion, Joshi said the country’s solar capacity has increased from 2. 8 GW to about 130 GW in the last 11 years, registering an increase of over 4,500%.

He said India contributed 46 GW to global solar growth between 2022 and 2024, becoming the third largest contributor. Speaking at the Global Energy Leaders Summit 2025 in Puri, Odisha, the minister said, “India is a key driver of this explosive global boom in renewable energy.

” Joshi noted that India has the fifth largest coal reserves in the world and is the second largest consumer of coal. Yet, even with that abundance, as the transition accelerated, it was increasingly balancing fossil energy with renewable energy. He said with global mechanisms now shaping industrial competitiveness, India’s transition to renewable energy has become even more urgent and strategically important.