India has witnessed a remarkable expansion in its renewable energy sector over the past decade, with the country's installed renewable energy capacity rising from just over 76 gigawatts (GW) in 2014 to more than 288 GW as of June 30, 2026. The significant growth reflects the government's sustained efforts to accelerate the clean energy transition, strengthen energy security, and meet its climate commitments.
Providing the information in a written reply in the Rajya Sabha on Tuesday, Minister of State for Renewable Energy Shripad Yesso Naik highlighted the rapid progress achieved across various renewable energy segments. He said solar power continues to lead the country's renewable energy portfolio with an installed capacity of more than 162 GW. Wind energy contributes around 58 GW, while hydropower accounts for 57 GW. Bio-power installations have also crossed 11 GW, underscoring the diversification of India's renewable energy mix.
The Minister noted that the steady rise in renewable energy capacity has been supported by robust domestic and international investments. Between the financial years 2013-14 and 2025-26, India's renewable energy sector attracted approximately 46 billion US dollars in Foreign Direct Investment (FDI). The sustained inflow of overseas capital reflects growing investor confidence in India's clean energy policies, expanding market opportunities, and long-term growth potential.
Mr. Naik further informed the House that domestic financial institutions have played an equally vital role in financing the sector's rapid expansion. During the same period, these institutions deployed more than ₹12 lakh crore towards renewable energy projects across the country. The funding has helped accelerate the development of solar parks, wind farms, hydroelectric projects, bio-energy facilities, and supporting infrastructure.
The institutions contributing to this financing include 12 public sector banks, the Indian Renewable Energy Development Agency (IREDA), Power Finance Corporation (PFC), REC Limited, India Infrastructure Finance Company Limited (IIFCL), the National Bank for Financing Infrastructure and Development (NaBFID), and the Small Industries Development Bank of India (SIDBI). Their combined financial support has strengthened project implementation while facilitating greater private sector participation in the renewable energy ecosystem.
India has emerged as one of the world's fastest-growing renewable energy markets, driven by ambitious government initiatives, policy reforms, and increasing investments in green technologies. The rapid addition of renewable energy capacity is expected to play a crucial role in reducing dependence on fossil fuels, lowering carbon emissions, and enhancing the country's energy security.
The government has consistently emphasized expanding renewable energy generation through large-scale solar and wind projects, rooftop solar installations, hybrid renewable energy parks, and improved grid infrastructure. These efforts are aligned with India's broader objective of achieving sustainable economic growth while meeting its international climate commitments.
The latest figures presented in Parliament underline the strong momentum of India's clean energy transition and demonstrate how sustained policy support, institutional financing, and investor confidence have together transformed the country's renewable energy landscape over the past decade. With continued investments and capacity additions, India is expected to further strengthen its position as a global leader in renewable energy development.
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