Union Minister for New and Renewable Energy, Shri Pralhad Joshi, concluded his participation at the World Economic Forum (WEF) Annual Meeting 2026 in Davos, marking a significant milestone in strengthening India’s global leadership in the clean energy transition. Through a series of high-level engagements with global leaders, institutional investors, and industry CEOs, the Minister reinforced India’s positioning as one of the world’s most attractive destinations for long-term renewable energy investment.
The Minister stated that the engagements at WEF 2026 strengthened strategic partnerships, deepened investor confidence, and reaffirmed global faith in India’s stable policy ecosystem, predictable regulatory framework, and long-term energy transition roadmap.
India’s Renewable Energy Journey: Policy Stability Driving Investor Confidence
During multiple global forums and media interactions, Shri Pralhad Joshi highlighted that India’s clean energy progress has been achieved through:
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Stable and transparent policy frameworks
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Predictable regulatory mechanisms
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Strong Centre–State coordination
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People-centric flagship programmes
Global stakeholders appreciated the success of initiatives such as PM-Surya Ghar and PM-KUSUM, recognising India’s unique ability to implement large-scale clean energy programmes at speed and scale.
India’s push to strengthen domestic manufacturing across the solar PV value chain also drew widespread appreciation, reinforcing the country’s emergence as a resilient and competitive clean energy manufacturing hub. The growing export potential of green hydrogen derivatives was highlighted as a strategic tool for supporting the global energy transition.
India Achieves 267 GW Non-Fossil Capacity Ahead of Schedule
Addressing global leaders, the Union Minister showcased India’s milestone achievements, including:
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267 GW of non-fossil fuel-based installed capacity
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50% non-fossil capacity achieved five years ahead of the 2030 Paris target
He underlined that India requires approximately USD 300–350 billion (₹30 lakh crore) in financing to achieve the ambitious target of 500 GW non-fossil capacity by 2030, inviting global investors to partner in this transformative journey.
AI and Digital Public Infrastructure for Energy to Drive Next-Gen Transition
The Minister highlighted the transformative role of Artificial Intelligence in the energy sector, noting its ability to:
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Improve forecasting accuracy
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Reduce transmission and distribution losses
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Lower operational costs
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Strengthen grid stability
He emphasised India’s shift from pilot-based projects to platform-based deployment through Digital Public Infrastructure for Energy, enabling large-scale adoption of AI-driven clean energy solutions.
High-Level Bilateral Engagements Strengthen International Cooperation
On the sidelines of WEF 2026, Shri Pralhad Joshi held extensive bilateral meetings to deepen global collaboration:
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Oman: Discussions with Dr Said Mohammed Ahmed Al Saqri on cooperation in solar, wind, green hydrogen and storage technologies under CEPA and ISA frameworks
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Belgium: Talks with Deputy PM Maxime Prévot on R&D, offshore wind, solar and green taxonomy
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Kuwait: Engagement with Minister Subaih Al-Mukhaizeem on investment opportunities and interest from Kuwait Investment Authority
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Paraguay: Interaction with President Santiago Peña on technology partnerships and capacity-building
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Zimbabwe & Jordan: Focused discussions on expanding renewable cooperation and investment partnerships
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Multilateral Engagements: Meetings with Dr Fatih Birol (IEA) and Rafael Grossi (IAEA) to strengthen cooperation on global clean energy technologies
These engagements underscored India’s leadership role in enabling a just, inclusive and global energy transition.
Global Industry Leaders Express Strong Investment Interest in India
Shri Joshi engaged with several global CEOs and corporate leaders, inviting deeper investment in India’s clean energy ecosystem. Key discussions included:
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Mercuria Group: Collaboration on climate finance, carbon markets, green hydrogen, storage
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TotalEnergies: Expansion in solar, storage and green hydrogen under National Green Hydrogen Mission
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La Caisse: Scaling long-term climate investments aligned with USD 400 billion climate commitment
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Ingka Group (IKEA): Strong interest in solar, wind and hybrid renewable projects
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ENGIE, EDF, Acciona: Renewed investment interest in India’s large renewable project pipeline
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Topsoe & Bloom Energy: Collaboration on advanced electrolyzers and fuel cell solutions
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S&P Global: Cooperation on ESG standards, credit frameworks and price discovery mechanisms
Global corporates acknowledged that India’s scale, execution capability, policy certainty and market depth make it one of the most compelling clean energy destinations worldwide.
India Emerging as a Global Driver of the Energy Transition
The engagements at Davos 2026 reinforced that:
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India will remain central to global clean energy investment flows
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Global companies increasingly seek partnerships with Indian firms
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Both greenfield and brownfield investments in India are accelerating
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India’s experience offers replicable models for the Global South
The Minister emphasised that India’s clean energy transition is not only about climate goals, but about ensuring inclusive growth, job creation, energy security, and global leadership.
Conclusion
Union Minister Pralhad Joshi’s engagements at WEF 2026 have firmly positioned India as a key architect of the global energy transition. With policy certainty, large-scale ambition, strong execution, and deep international partnerships, India is emerging not only as a destination for investment, but as a global clean energy leader shaping the future of sustainable development.
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Source: PIB
