IEA: India's renewables pass 300 GW, set to reach 530 GW by 2030 (opens the source in a new tab)
- India's renewable capacity passed 300 GW in the fourth quarter of 2026, almost four times its level a decade ago, the IEA says. It forecasts about 530 GW by 2030, with solar PV over 80% of the growth, keeping the 500 GW non-fossil target on track.
- Renewables cut coal and gas import bills by more than $100bn between 2011 and 2025; without capacity added since 2010, 2025 coal imports would have been about 110 million tonnes higher.
- Renewables should supply 35% of power by 2030, up from a quarter.
- 530 GW
- renewable capacity forecast for 2030
- $100bn+
- fuel import bills saved, 2011 to 2025
Why it matters On a day oil eases, this is the structural hedge: every domestic gigawatt is fuel India doesn't import. India is also becoming a second source of solar modules as buyers look beyond China.
Other side Variable renewables rise to about 26% of supply, and the IEA says grids, storage and DISCOM finances must keep pace. Gas import dependence still climbs to around 71% by 2030.
Source:IEA (free to read) ↗