India Remains Global Magnet for Clean Energy Investment, Says MNRE — 40 GW Pipeline in Progress

India’s renewable energy sector is evolving from a phase of rapid capacity expansion to one focused on resilience, reliability, and integration, according to a new update from the Ministry of New and Renewable Energy (MNRE). The ministry emphasized that the country’s clean energy journey is entering a “maturity phase,” driven by system strength and policy depth rather than speed alone.

Over the past decade, India’s renewable energy capacity has grown from under 35 GW in 2014 to over 197 GW today (excluding large hydro). The ministry noted that the next leap forward requires more than adding megawatts — it demands stronger grid infrastructure, energy storage, and market reforms to support long-term stability. The moderation in new capacity addition, MNRE said, represents a strategic recalibration rather than a slowdown.

Highlighting the sector’s robust project pipeline, the ministry revealed that over 40 GW of awarded renewable projects are in advanced stages of securing power purchase agreements (PPAs), power sale agreements (PSAs), or transmission connectivity. Meanwhile, central and state agencies have tendered 9 GW of new projects this year, and commercial and industrial consumers are expected to contribute an additional 6 GW in 2025 — showcasing India’s multi-pathway expansion model.

Policy focus has shifted toward building firm, dispatchable green power. Recent tenders increasingly combine renewable generation with battery energy storage systems (BESS). Initiatives such as the Production-Linked Incentive (PLI) scheme, domestic content rules, and duty exemptions are strengthening India’s clean energy manufacturing base. The recalibration of GST and Approved List of Models and Manufacturers (ALMM) norms aims to enhance reliability, stabilize costs, and deepen the solar value chain.

On the infrastructure front, the government’s ₹2.4 lakh crore transmission expansion plan is expected to unlock over 200 GW of renewable potential. Inter-regional capacity is set to rise from 120 GW today to 168 GW by 2032, supported by new high-voltage direct current (HVDC) corridors.

MNRE concluded that India’s renewable transition is maturing — moving from “expansion to integration.” With hybrid, offshore wind, and energy storage projects gaining ground, India’s clean energy future is being built not just on speed, but on sustainable and system-strengthened growth.