"India's aspirations encompass immense prospects"

India's Ambitious Energy Transition: A Promising Path to Renewable Energy

India, the seventh-largest country by landmass and the world's largest democracy, is making significant strides in its energy transition efforts. The country's government, committed to reducing emissions and transitioning to renewable energy, is stable and focused on achieving a complete solar production ecosystem by 2028.

Union Minister Pralhad Joshi announced this ambitious plan on September 11, 2025, as part of India's energy transition efforts. This move towards renewable energy is not reliant on cyclical and costly, subsidy-financed failures, as seen in some European efforts. Instead, India's renewable energy sector has already made significant strides, with renewable energy sources accounting for a substantial portion of its power generation.

Currently, renewable energy already accounts for 35% of India's installed power generation capacity. Solar power, in particular, is about 75% cheaper than coal power, contributing to the economic viability of the shift to renewable energy. The cost-effectiveness of solar power is a significant driving force in India's transition towards renewable energy.

India's natural advantages for solar energy, coupled with its growing demand for renewable energy, make this transition a promising and potentially successful endeavor. The economic benefits and governmental commitment are key factors supporting India's transition towards renewable energy.

As a signatory to the Paris Agreement, India has committed to reducing its emissions intensity by 33-35% by 2030 compared to 2005 levels. To further this commitment, India has pledged to increase the share of non-fossil fuel-based installed electricity capacity to 40% by 2030.

India's national action plan on climate change, initiated in 2008, aims to transition the economy from fossil fuels to renewable energy sources. This plan is supported by an investment and business-friendly policy, as well as a modern monetary policy framework. In fact, the World Bank has recognized India for improving its business environment.

India's commitment to renewable energy, as demonstrated by its ambitious goals and policies, is a key factor supporting the country's transition. With India expected to surpass China as the most populous country by 2028, the importance of sustainable and renewable energy sources cannot be overstated. India, with its stable government, natural advantages, and economic commitment, is well-positioned to lead the way in renewable energy adoption and energy transition efforts.