India Achieves 4,000 Percent Growth in Solar Capacity: Piyush Goyal at IESW 2025
India has achieved a remarkable 4,000 per cent increase in installed solar capacity, with its total renewable energy capacity now reaching a robust 227 GW, Union Minister of Commerce and Industry, Piyush Goyal has announced.
July 10, 2025. By Dineshwori
He stated that India is likely the first G20 nation to have fulfilled its Nationally Determined Contributions (NDCs) under the Paris Agreement.
Highlighting local success stories, Goyal cited Palli village in Jammu and Kashmir, which has become India’s first carbon-neutral panchayat powered by solar energy and energy-efficient practices.
The Minister also noted that the IESW venue, Yashobhoomi, is itself a model of sustainability, featuring rooftop solar installations, wastewater treatment, and energy-efficient infrastructure.
Furthermore, Goyal underscored India's manufacturing progress in the last decade, stating that the country’s solar photovoltaic module capacity has increased nearly 38-fold, while its photovoltaic cell capacity has risen 21-fold.
He also highlighted key initiatives like the PM Surya Ghar Yojana, aimed at equipping one crore households with rooftop solar panels, and the PM Kusum Yojana, which is expanding the use of solar pumps across India's agrarian landscape. Additionally, he mentioned the government’s Production Linked Incentive (PLI) programme to boost manufacturing of Advanced Chemistry Cells (ACC).
The Minister recognised that storage technologies—whether in the form of batteries, pumped storage, hydro storage, or geothermal— are essential for meeting India’s future energy demands.
Goyal proposed a comprehensive four-pronged approach for advancing India’s energy independence, emphasising the need for targeted innovation, infrastructure development, supply chain resilience, and holistic value chain growth.
He stated that India must lead in research and development for energy storage by focusing on next-generation battery chemistries, solid-state and hybrid storage technologies, and circular supply chains.
The Minister noted that the INR 1 lakh crore Research, Development and Innovation Fund, recently approved by the Cabinet, has the potential to match R and D investments of INR 6–7 lakh crore in advanced economies, given India’s cost advantages.
On infrastructure, Goyal called for enhanced collaboration among stakeholders to build both charging and battery swapping systems, thereby accelerating electric vehicle adoption and ensuring affordable, accessible e-mobility.
He also urged the industry to build supply chain resilience by reducing dependence on specific geographies and adopting new technologies to achieve self-reliance in the energy sector.
Finally, Goyal stressed that India’s ambition should encompass the entire value chain—from raw materials and cell components to battery packs, semiconductors, management systems, and recycling—ensuring a robust and self-sustained clean energy ecosystem.
Calling on industry stakeholders to explore new opportunities to scale up operations and strengthen competitiveness, Goyal reaffirmed India’s target of achieving 500 GW of renewable energy capacity by 2030, and reiterated that energy storage will be central to this journey.
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