India's growth stays strong despite West Asia crisis, Modi says country will add 500 GW of renewables in 10 to 11 years
By Eve
Prime Minister Narendra Modi said India's economic growth remains high despite the ongoing West Asia crisis, which disrupted energy supplies worldwide earlier this year. Speaking at the inaugural session of the Bharat Renewable Energy Summit and Expo 2026, he said non-fossil fuel capacity already exceeds 300 GW and that around 500 GW of renewable capacity will be added over the next 10 to 11 years, with confidence in reaching the 500 GW target by 2030. He also said investment opportunities worth over Rs 20 lakh crore will emerge in the renewable sector by the end of the decade.
Why it matters
The stated pipeline and Rs 20 lakh crore investment opportunity point to sustained government backing for renewables and grid connection, though the speech sets targets rather than detailing tenders or timelines for charging infrastructure. Procurement and CPO teams should watch for the policy instruments that follow.
Source
- Original title
- “India's economic growth high despite West Asia crisis, eyes to add 500 GW RE capacity in next decade: PM Modi”
- Published
- 2 November 2026
In this story
- Topic
- Grid & Energy
- Place
- India
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