New Delhi: Nearly $12,674 million ($12.67 billion) has flowed into India’s renewable energy sector as foreign direct investment (FDI) till March 31, 2025, Parliament was informed on August 19.

Solar power leads the charge, drawing the lion’s share of capital, with the western states securing the highest slice of FDI, Minister of State for New and Renewable Energy and Power, Shripad Yesso Naik, said in a Rajya Sabha reply. Recognising the urgency of expanding renewable investments to reach 500 GW of non-fossil fuel capacity by 2030, the government has enabled 100 per cent FDI under the automatic route and introduced a Climate Finance Taxonomy in Union Budget 2024–25 to deepen climate adaptation and mitigation funding.

Earlier in August, India crossed the milestone of 100 GW solar PV module manufacturing capacity, underlining a robust and self-reliant ecosystem aligned with Atmanirbhar Bharat and the global clean energy transition. The government remains committed to establishing India as a major solar PV manufacturing hub in the global value chain.

India has also overtaken Japan to become the world’s third-largest solar energy producer, generating 1,08,494 gigawatt-hours (GWh) compared to Japan’s 96,459 GWh, according to the International Renewable Energy Agency (IRENA).

Wind energy too is scaling new heights, with installed capacity reaching 51.67 GW as of June 30. Growth remains steady, with 2,275.55 MW added in FY 2023–24, 3,253.39 MW in FY 2024–25, and 1,637.02 MW in the first quarter of 2025–26.