Davos, Switzerland – Union Minister Pralhad Joshi announced at the World Economic Forum (WEF) 2026 in Davos that India presents a $300-350 billion investment opportunity in green energy by 2030. Minister Joshi, the Minister for New and Renewable Energy (MNRE), urged global investors to explore India's renewable energy sector, highlighting the nation as a stable and investment-ready destination for clean energy initiatives.
Joshi emphasized that India's energy transition provides speed, scale, stability, and long-term returns, particularly attractive to global investors seeking predictable growth opportunities. He noted that India combines significant demand, competitive tariffs, and a stable policy framework, making it a compelling destination for long-term global capital.
Speaking at various sessions and investor meetings during the WEF, Joshi highlighted India's progress in expanding its non-fossil fuel capacity, which reached 267 GW as of December 2025. He affirmed that the country is on track to achieve its 2030 clean energy targets, including a rapid increase in solar, wind, battery storage, and green hydrogen capacity. India has set an ambitious goal of 500 GW of renewable energy generation capacity by the end of the decade. Non-fossil sources now account for nearly half of India's installed power capacity.
On the sidelines of the forum, Joshi held bilateral meetings with global investors and energy companies, encouraging them to invest in various renewable energy projects, including green hydrogen infrastructure, renewable energy plus battery storage, and grid modernization. He specifically encouraged long-term investment and blended finance to facilitate the deployment of large-scale projects.
Joshi met with Charles Emond, President and CEO, and Sarah Bouchard, Chief Operating Officer of La Caisse, to discuss expanding long-term climate and clean energy investments in India and encouraged scaling up the “Partner with India” initiative to tap into La Caisse's planned $400 billion investment in climate action by 2030. He also met with Juvencio Maeztu, CEO and President of Ingka Group, which operates IKEA.
India's strong pitch for clean energy investment comes at a time when global clean energy investment is facing challenges such as higher interest rates, geopolitical tensions, and slower deployment in parts of Europe and the United States. India aims to position itself as a stable and reliable hub for climate finance, manufacturing, and energy security. The affordability, reliability, and energy security offered by India, along with falling renewable tariffs, grid modernization, and competitive prices for storage and green hydrogen, are central to the country's economic growth strategy. India also highlighted the role of states in driving the energy transition, pointing to several states including Maharashtra and Madhya Pradesh.
