India’s renewable energy capacity is projected to reach around 530 GW by 2030, according to the International Energy Agency’s India Renewable Energy Market Report 2026. Solar PV is expected to account for more than 80 per cent of new installations, strengthening India’s energy security and reducing dependence on imported fossil fuels.
New Delhi, Nov 05: India’s renewable energy capacity is projected to reach around 530 gigawatts (GW) by 2030, with solar photovoltaic (PV) expected to drive more than 80 per cent of new installations. The projection was made in the International Energy Agency’s (IEA) India Renewable Energy Market Report 2026, released at the Bharat Renewable Energy Summit in New Delhi.
The report said India’s renewable power capacity has nearly quadrupled over the past decade, crossing 300 GW in 2026. India has emerged as the world’s second-fastest-growing renewable energy market and the second-largest manufacturer of solar PV modules.
The IEA report highlighted the economic and energy security benefits of India’s clean energy expansion. Renewable electricity generation helped the country save more than $100 billion in coal and natural gas import costs between 2011 and 2025. These cumulative savings are expected to more than double by the end of the decade.
The agency estimated that without the solar, wind and bioenergy capacity added since 2010, India’s coal imports in 2025 would have been around 110 million tonnes higher. This underlines the role of renewable energy in reducing exposure to imported fossil fuels and strengthening domestic energy security.
India achieved its target of sourcing 50 per cent of installed electricity capacity from non-fossil fuel sources in 2025, five years ahead of schedule. The achievement reflects the rapid expansion of renewable energy and other non-fossil power sources.
IEA Executive Director Fatih Birol said India’s renewable energy expansion is delivering significant energy security benefits amid uncertainty in global energy markets. He also highlighted how consistent policy measures can reduce renewable energy costs, attract investment and offer useful lessons to other emerging economies.
Union Minister for New and Renewable Energy Pralhad Joshi said India’s emergence as a major renewable energy player reflects the progress achieved in recent years.
India’s projected renewable energy capacity of 530 GW by 2030 represents a significant step in its clean energy transition. With solar PV expected to lead new installations, continued capacity expansion could further reduce fossil fuel import dependence, strengthen energy security and create opportunities across the domestic clean energy manufacturing sector.

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