Explore Business Standard
While major powers slowed their push on renewable energy, India - often portrayed as a champion of fossil fuels - did the unthinkable. In 2025, it achieved a major climate milestone, with 50 per cent of its installed power generation capacity now coming from non-fossil fuel sources, five years ahead of its 2030 target under the Paris Agreement signed in December 2015. The world's fastest-growing economy now has a total installed generation capacity of about 510 gigawatts, comprising 247 GW of fossil-fuel sources and 262 GW of non-fossil fuel sources (including 254 GW from renewable energy sources). India added around 50 GW of renewable energy capacity in 2025, backed by investments of nearly Rs 2 lakh crore, taking its total non-fossil fuel capacity to about 262 GW. The government expects to sustain a similar pace of capacity addition in 2026, even as challenges related to land acquisition, right-of-way issues and delays in signing power purchase agreements continue to constrain fres
The Indian Renewable Energy Development Agency (IREDA) logged 29 per cent growth in loan sanctions to Rs 11,740 crore in June quarter as compared to Rs 9,136 crore a year ago. The state-owned agency started the financial year on a high note, registering a rise in its key financial indicators in June quarter, based on provisional data, a statement said. Loan disbursements rose 31 per cent to Rs 6,981 crore from Rs 5,326 crore in Q1 FY25. The company's outstanding loan book was at Rs 79,960 crore as on June 30, 2025, reflecting 27 per cent increase over Rs 63,207 crore in the year-ago period. Our first quarter growth underscores IREDA's crucial role in powering India's renewable energy ecosystem. The numbers reflect both increasing demand and our readiness to respond with effective financing solutions, CMD Pradip Kumar Das said.
French energy giant TotalEnergies said it plans to increase LNG sales from the US to India and has invested about USD 5 billion in India over the past five years. TotalEnergies Chairman and Chief Executive Officer Patrick Pouyanne also informed that the company has invested a lot in solar and wind in India, particularly with Adani. "Future plans are to continue to develop energy business, of course, to sell more LNG, in particular, from the US. We are the largest US LNG energy exporter...so we can bring more. We also have a big venture in Mozambique with Indian companies. We will intend to restart very soon to provide energy to India. So, that's also a plan. "And then on the renewable side, we continue to support the expansion of Adani Green, which has already a 14 Gigawatt of capacity. So, we will continue to support this growth," he told reporters here after meeting Commerce and Industry Minister Piyush Goyal on June 1. He was replying to a question on what are the company's futu