Prime Minister Narendra Modi on Tuesday invited global investments in India’s energy sector, saying the country offers immense possibilities in its pursuit of ambitious renewable energy transition goals in the next five years.
Referring to the target of having 500 GW of renewable energy, 5 million tonnes of green hydrogen per annum output by 2030 as well as the launch of fresh bidding rounds for oil and gas assets, the prime minister said “there are possibilities of new investments and I hope that you explore all possibilities in India”.
The Prime Minister said, “The coming two decades are extremely crucial for India, and in the next five years, we are set to achieve several major milestones. Many of our goals are aligned with the 2030 deadline. By 2030, we aim to add 500 GW of renewable energy capacity.”
He added, “The Indian Railways has set a Net Zero carbon emission target for 2030. Additionally, our goal is to produce 5 million metric tons of green hydrogen annually by 2030.” Modi said addressing the India Energy Week 2025 (IEW’25) virtually.
India has emerged as the third-largest solar power generating nation globally, with its non-fossil fuel energy capacity tripling over the years. “Today, India is the third-largest solar power generating nation in the world. Our non-fossil fuel energy capacity has tripled. Currently, India has achieved 19 per cent ethanol blending, and we are on track to implement a 20 per cent ethanol mandate before October 2025.”
PM Modi also emphasized the rapid growth of India’s biofuel industry, supported by a sustainable feedstock of 500 million metric tons.
India is continuously implementing reforms to maximize its hydrocarbon resources, leading to major discoveries and an extensive expansion of gas infrastructure.
“India is continuously implementing reforms to fully explore the potential of its hydrocarbon resources. Due to major discoveries and the rapid expansion of gas infrastructure, India’s natural gas sector is growing significantly, increasing its share in the country’s energy mix. Currently, India is the 4th largest refining hub in the world, and efforts are underway to expand refining capacity by 20 per cent,” PM said.
He boasted India’s feedstock of 500 million tonnes and said the Global Biofuels Alliance formed during the G20 Summit in New Delhi has 28 member countries and 12 international organisations.
