In a parliamentary announcement, Minister of Renewable Energy and Power, RK Singh, revealed India's updated commitment to the United Nations Framework Convention on Climate Change. The country aims to achieve 50% of its installed electricity capacity from non-fossil fuel sources by 2030. Despite the continued use of coal-fired plants to meet escalating electricity demands, India showcases one of the world's fastest transitions towards clean energy.

As of October 31, 2023, India's total installed electricity generation capacity reflects a share of 43.82% from non-fossil fuel sources. The country has established 186.46 GW capacity from non-fossil fuel-based energy resources, encompassing 178.98 GW from Renewable Energy and 7.48 GW from Nuclear Power. Additionally, 114.08 GW capacity is under implementation, and 55.13 GW is under the tendering phase.

To bolster the development of renewable energy, India has initiated specific measures, including allowing Foreign Direct Investment (FDI) up to 100% through the automatic route. The government waived Inter-State Transmission System charges for solar and wind power projects commissioned by June 30, 2025. Further, the nation specified the minimum share of non-fossil resources consumption by designated consumers until 2029-30 and established Ultra Mega Renewable Energy Parks to facilitate large-scale installations.

The Green Energy Corridor Scheme involves the construction of new transmission lines and sub-station capacities for renewable power evacuation. To ensure timely payment to Renewable Energy (RE) generators, the government mandates power dispatch against a Letter of Credit or advance payment via the Green Term Ahead Market (GTAM) for RE power sales through exchanges.

India's National Green Hydrogen Mission aims to position the country as a global hub for Green Hydrogen production, utilization, and export by 2030. The mission targets the development of 5 MMT Green Hydrogen production capacity annually by 2030. Green Hydrogen holds promise in replacing fossil fuels, potentially reducing carbon footprint and fossil fuel imports by an estimated Rs 1 lakh crore by 2030.

Moreover, the government is exploring innovative technologies like Small Modular Reactors (SMRs) to advance its commitment to a clean energy transition. These SMRs, designed with modularity, scalability, and enhanced safety features, represent a compelling option for repurposing retiring coal-based thermal power station sites, as detailed by Minister of State for Atomic Energy and Space, Jitendra Singh.

The Ministry of New & Renewable Energy allocated Rs 7,033 crore in 2022-23 for renewable energy development, later increased to Rs 7,848 crore for 2023-24.