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Renewable energy investments expected to exceed $220 bn by 2030, says Pralhad Joshi
BANKING · UPSC · SSC
Union Minister for New and Renewable Energy Pralhad Joshi said India expects to exceed its 220 billion dollar investment target for adding 190 GW of non-fossil fuel power capacity by 2030.
Exam-ready takeaways
- Addressing the media at the conclusion of the Bharat Renewable Energy (BRE) Summit 2026, the Union Minister said that investments totalling 7 lakh crore rupees, including domestic funds and foreign direct investment, have flowed into the renewable energy sector over the past two years.
- Mr Joshi said the momentum would continue and India would meet the 500 GW target on schedule.
- He added that strategies are also being prepared to add another 300 GW as directed by Prime Minister Narendra Modi.
- He said that at present, the country’s installed power capacity from non-fossil fuels stands at 310 GW, and the Union government has fixed a target of reaching 500 GW by 2030.
- The Summit was inaugurated by Prime Minister on 2nd November 2026.
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Fill the missing fact
Try the gap before opening the answer. These exercises use the report’s own wording; they are practice prompts, not past exam questions.
Union Minister for New and Renewable Energy Pralhad Joshi said India expects to exceed its [ … ] dollar investment target for adding 190 GW of non-fossil fuel power capacity by 2030.
Reported answer: 220 billion
Union Minister for New and Renewable Energy Pralhad Joshi said India expects to exceed its 220 billion dollar investment target for adding 190 GW of non-fossil fuel power capacity by 2030.
Addressing the media at the conclusion of the Bharat Renewable Energy (BRE) Summit 2026, the Union Minister said that investments totalling [ … ] rupees, including domestic funds and foreign direct investment, have flowed into the renewable energy sector over the past two years.
Reported answer: 7 lakh crore
Addressing the media at the conclusion of the Bharat Renewable Energy (BRE) Summit 2026, the Union Minister said that investments totalling 7 lakh crore rupees, including domestic funds and foreign direct investment, have flowed into the renewable energy sector over the past two years.
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