WEF 2026 Engagements Secure Strong Global Endorsement for India’s RE Transition Roadmap, Says Union Minister Pralhad Joshi

Union Minister for New and Renewable Energy Pralhad Joshi has concluded his visit to the World Economic Forum (WEF) Annual Meeting 2026 in Davos, where he held a series of high-level meetings aimed at strengthening global partnerships and attracting long-term investments for India’s renewable energy transition.

As per the official statement, the engagements have reaffirmed global confidence in India’s clean energy journey and highlighted the country as one of the most attractive destinations for renewable energy investments. The statement added that India’s transition will be driven by stable policies, sustained international collaboration, and long-term capital.

During multiple sessions and media interactions, Joshi highlighted India’s rapid progress in renewable energy through transparent policies and people-centric schemes. Global investors expressed interest in India’s growing project pipeline and praised flagship programmes such as PM-Surya Ghar and PM-KUSUM for their scale and speed of implementation.

India’s efforts to strengthen domestic manufacturing across the solar PV value chain were also appreciated, positioning the country as a resilient clean energy manufacturing hub. The export potential of green hydrogen derivatives was highlighted as a key opportunity to support partner countries in their energy transition.

Addressing global leaders, the Minister emphasised the role of Artificial Intelligence in improving energy forecasting, reducing losses, lowering costs and enhancing grid reliability. He said India is moving from pilot-based projects to platform-based deployment through Digital Public Infrastructure for Energy to enable large-scale AI adoption.

India showcased its achievement of 267 GW of non-fossil fuel-based installed power capacity and the milestone of reaching 50 per cent non-fossil capacity, five years ahead of its 2030 Paris Agreement target. The Minister said  that India would require USD 300–350 billion (around INR 30 lakh crore) to achieve 500 GW of non-fossil capacity by 2030 and invited global investors to partner in this journey.

On the sidelines of WEF 2026, Joshi held bilateral meetings with several ministers and international leaders. Discussions with Oman focused on cooperation in solar, wind, green hydrogen and energy storage, including collaboration under CEPA, the International Solar Alliance and One Sun One World One Grid.

Talks with Belgium centred on research and development, offshore wind, solar energy and green taxonomy. Kuwait expressed interest in investing in India’s renewable sector, including its solar module and cell manufacturing ecosystem. Paraguay discussed technology partnerships and capacity-building, while Zimbabwe explored cooperation through the International Solar Alliance, including support for the STAR-C centre.

The Minister also met officials from Jordan and held discussions with the International Energy Agency and the International Atomic Energy Agency to strengthen cooperation in clean energy technologies.

The Minister met senior executives from leading global energy and financial firms. Mercuria Group expressed interest in scaling up investments in renewable energy, green hydrogen, carbon markets and storage solutions. TotalEnergies discussed expansion in solar, storage and green hydrogen projects under India’s National Green Hydrogen Mission.

La Caisse reaffirmed its plan to scale long-term climate investments in India as part of its USD 400 billion climate action target by 2030. Ingka Group showed interest in solar, wind and hybrid projects, citing India’s stable and investor-friendly policy framework.

Meetings were also held with executives from ENGIE, EDF, Acciona, Topsoe and Bloom Energy, focusing on electrolyser technology, fuel cells and distributed energy solutions for industrial clusters and data centres. S&P Global discussed frameworks for ESG standards, credit assessment and price discovery in renewables.

The engagements at Davos reaffirmed India’s position as a preferred destination for long-term clean energy investments, driven by scale, policy certainty and strong execution capabilities. Global companies expressed interest in expanding their presence in India through greenfield and brownfield projects in partnership with Indian firms.

Officials said that India will remain central to global clean energy investments as it accelerates its transition towards a low-carbon and inclusive growth model.