WEF Davos 2026: Pralhad Joshi Secures Global Backing for India’s Renewable Energy Transition

Union Minister for New and Renewable Energy Pralhad Joshi concluded a high-impact visit to the World Economic Forum (WEF) Annual Meeting 2026 in Davos, reaffirming India’s position as one of the world’s most attractive destinations for long-term clean energy investments.

Addressing global leaders, investors and policymakers, Joshi said the engagements at Davos strengthened strategic partnerships, generated valuable insights and reinforced international confidence in India’s renewable energy journey. He underlined that India’s clean energy transition is being driven by policy stability, predictable regulations and sustained collaboration between the Centre and states.

“The interactions at WEF 2026 renewed global trust in India’s ability to scale renewable energy rapidly while ensuring inclusive socio-economic growth,” the Minister said.

Strong Investor Confidence in India’s Clean Energy Story

During multiple sessions and bilateral meetings, Joshi highlighted India’s rapid progress in renewable energy through transparent policies and people-centric programmes. Global stakeholders showed keen interest in India’s investible project pipeline and acknowledged the success of flagship schemes such as PM-Surya Ghar and PM-KUSUM, which demonstrate India’s capability to implement large-scale programmes efficiently.

India’s push to strengthen domestic manufacturing across the solar PV value chain also drew appreciation, positioning the country as a resilient clean energy manufacturing hub. The export potential of green hydrogen derivatives emerged as a key opportunity to support partner countries in their energy transitions.

The Minister noted that India has already achieved 267 GW of non-fossil fuel-based installed capacity, reaching 50 per cent non-fossil electricity capacity five years ahead of its 2030 Paris Agreement target. He added that investments of around USD 300–350 billion will be required to reach 500 GW of non-fossil capacity by 2030, inviting global investors to participate in this journey.

Global Partnerships and High-Level Engagements

On the sidelines of WEF 2026, Joshi held bilateral meetings with ministers, CEOs and institutional investors to deepen cooperation in solar, wind, green hydrogen and energy storage.

Discussions were held with leaders from Oman, Belgium, Kuwait, Paraguay, Zimbabwe and Jordan, focusing on technology partnerships, capacity building and investment opportunities. Meetings with multilateral agencies, including the International Energy Agency and the International Atomic Energy Agency, explored avenues for accelerating clean energy technologies.

The Minister also engaged with global energy majors and financial institutions such as TotalEnergies, ENGIE, EDF, Acciona, Mercuria, La Caisse, Ingka Group, Bloom Energy and Topsoe, encouraging expanded investments in India’s renewable ecosystem, green hydrogen mission and climate finance initiatives.

India Emerges as Key Driver of Global Energy Transition

Highlighting the role of Artificial Intelligence in improving grid reliability and reducing costs, Joshi showcased India’s shift towards platform-based deployment through Digital Public Infrastructure for Energy.

WEF 2026 also emphasised replicable renewable energy models for the Global South, with India committing to share its experience in solar parks, hydrogen hubs and storage solutions to support an inclusive global energy transition.

The engagements at Davos reaffirmed India’s growing stature as a central hub for clean energy investments, driven by scale, policy certainty and strong execution capabilities. Global companies expressed increasing interest in partnering with Indian firms to expand their presence through both greenfield and brownfield projects.

With strong international endorsement at WEF Davos 2026, India’s renewable energy roadmap continues to attract global momentum, positioning the country as a key driver of the worldwide transition to clean and sustainable energy.