India on track to achieve 500 GW renewable energy target: Pralhad Joshi
Last Updated: Mar 27, 2025, 06:49:00 PM IST
India is on track to achieve its 500 GW renewable energy target by 2030, with Rs 32 lakh crore investment commitments. Union Minister Pralhad Joshi highlighted the progress, including 223 GW of non-fossil-fuel capacity. Renewable energy project bids cover 169 GW, and the government is supporting offshore wind projects with viability gap funding.
India is on track to achieve the 500 GW renewable energy target by 2030 as investment commitments of Rs 32 lakh crore have been received, Union Minister for New & Renewable Energy Pralhad Joshi said on Thursday.
Addressing a session at Times Now Summit 2025, Joshi said renewable energy project bids are out for a capacity of around 169 GW, and the country has crossed 223 GW of non-fossil-fuel capacity, including 103 GW solar and nearly 50 GW wind capacity.
He also said that the government has come out with viability gap funding as far as offshore wind projects are concerned.
"We are quite on track ... I am quite confident that we will achieve 500 GW by 2030 and we are the third largest producer of renewable energy in the entire world," Joshi said.
According to the minister, there are investment commitments of Rs 32 lakh crore in the domestic renewable energy sector which is growing at a healthy pace.
"We have received a commitment of Rs 32 lakh crore investments.
I am quite confident that this will be realised.
The banks are also enthusiastic because anyone would look at profit and investing here is profitable," he said.
Live Events He further said that a detailed workshop with CEOs and MDs of both private and public sector banks, and NBFCs and the heads was conducted recently to apprise them about opportunities in green project financing .
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Union Petroleum Minister Hardeep Singh Puri says petrol and diesel rates in India may ease once recently bought cheaper crude reaches refiners, after global oil prices cooled and Brent slipped below $80 a barrel. The signal matters because India imports most of its crude, so any sustained fall can filter through to motorists, freight users and inflation. But the relief is unlikely to be immediate, because fuel prices depend on inventory cycles, logistics and how quickly oil companies pass on lower input costs.
Union Petroleum Minister Hardeep Singh Puri says petrol and diesel rates in India may ease once recently bought cheaper crude reaches refiners, after global oil prices cooled and Brent slipped below $80 a barrel. The signal matters because India imports most of its crude, so any sustained fall can filter through to motorists, freight users and inflation. But the relief is unlikely to be immediate, because fuel prices depend on inventory cycles, logistics and how quickly oil companies pass on lower input costs.
Toyota has started deliveries of the Urban Cruiser Ebella electric SUV in India, turning the model from launch headline into a real-world ownership story. The top-spec E3 is priced at Rs 23.60 lakh ex-showroom, while Toyota is also offering a Battery-as-a-Service route that lowers the entry price to Rs 15.25 lakh and charges Rs 4.99 per km for battery use. For EV buyers, this is the point where Toyota’s first mass-market electric SUV begins proving itself on the road.
