Half of India's electricity now comes from non-fossil fuel sources
What's the story
India has reached a major milestone in its energy transition, achieving 50% of its installed electricity capacity from non-fossil fuel sources. The achievement comes five years ahead of the target set under the Nationally Determined Contributions to the Paris Agreement. As of October 31, 2025, India's installed capacity from non-fossil sources stands at around 259GW, including an addition of 31.2GW in the current financial year till October.
Financing clarification
MNRE clarifies stance on renewable energy financing
The Ministry of New and Renewable Energy (MNRE) has clarified that it has not advised financial institutions to stop lending for renewable energy projects or equipment manufacturing facilities. However, the ministry has shared information with the Department of Financial Services and non-banking financial companies (NBFCs) about domestic manufacturing capacities in solar photovoltaic (PV) manufacturing. This is to help financial institutions make informed decisions while evaluating proposals for financing solar PV manufacturing facilities.
Commitment
India's commitment to self-reliant solar PV manufacturing
The Indian government is dedicated to making the country self-reliant in solar PV manufacturing and a key player in the global value chain. This commitment is backed by initiatives such as the Production-Linked Incentive (PLI) Scheme for high-efficiency solar PV modules. These efforts have increased solar module manufacturing capacity from 2.3GW in 2014 to around 122GW, as per MNRE's Approved List of Models and Manufacturers (ALMM).
Manufacturing success
India's solar PV manufacturing success and future plans
The growth of India's solar PV manufacturing sector is a testament to the collaborative efforts of industry, state governments, and the central government. It also reaffirms India's commitment to achieving 500GW of non-fossil fuel capacity by 2030. The MNRE is dedicated to further strengthening this ecosystem via policy support, infrastructure development, and innovation. The ministry will continue working with stakeholders to ensure that India's solar journey remains inclusive, competitive, and future-ready.