India's renewable energy capacity reaches 288.58 GW by June 2026, driven by solar growth, strong investments, and supportive government policies.
India has recorded significant progress in its renewable energy sector over the last ten years, with installed renewable energy capacity expanding almost fourfold from 76.38 GW in 2014 to 288.58 GW as of June 30, 2026. These figures were provided by the Ministry of New and Renewable Energy (MNRE) through a written response submitted in the Rajya Sabha by the Union Minister of State for MNRE, Shri Shripad Yesso Naik.
Government data shows that solar energy continues to be the primary force behind the country’s renewable energy growth. India’s installed solar power capacity has climbed to 162.15 GW, making it the biggest contributor within the nation’s renewable energy portfolio. The expansion has been supported by strong government policies, competitive bidding mechanisms, better financing availability, and the development of large-scale projects across utility-scale installations, rooftop systems, and distributed energy applications.
Wind power continues to rank as India’s second-largest renewable energy source, with an installed capacity of 57.44 GW. Hydropower contributes 57.24 GW, while bio power adds 11.75 GW to the overall renewable energy mix. Collectively, these sources have strengthened the country’s clean energy capacity while helping reduce reliance on electricity generation based on conventional fossil fuels.
The government further stated that India’s overall installed electricity generation capacity from non-fossil fuel sources stood at 297.36 GW as of June 30, 2026. This total consists of 288.58 GW generated from renewable energy and an additional 8.78 GW from nuclear power. According to the ministry, this milestone highlights the country’s ongoing efforts to expand clean energy infrastructure while advancing its long-term objectives related to climate action and energy security.
Foreign investment has also played a crucial role in supporting the expansion of renewable energy across the country. Between the financial year 2014 and FY 2026, India’s renewable energy industry received approximately USD 45.72 billion in Foreign Direct Investment (FDI). The consistent flow of overseas investment reflects increasing confidence among global investors in the Indian renewable energy sector and its long-term development prospects.
The ministry also noted that domestic financial institutions have made a substantial contribution to funding renewable energy projects. During the same period, a total of ₹12.32 lakh crore was invested in the sector. Financing was provided by 12 public sector banks as well as key financial institutions, including the Indian Renewable Energy Development Agency (IREDA), Power Finance Corporation (PFC), REC Limited, India Infrastructure Finance Company Limited (IIFCL), National Bank for Financing Infrastructure and Development (NaBFID), and the Small Industries Development Bank of India (SIDBI).
The latest figures underscore India’s continued commitment to expanding renewable energy through supportive government policies, strong public and private sector investment, and sustained financial assistance. As the nation continues increasing its clean energy capacity, renewable energy is expected to remain central to India’s plans for strengthening energy security, lowering carbon emissions, and fulfilling its long-term sustainability objectives.
Originally reported by SolarQuarter on Jul 21, 2026.
