New Delhi: India will need about USD 220 billion in clean energy investment between 2027 and 2030, Ministry of New and Renewable Energy (MNRE) Secretary Santosh Kumar Sarangi said on Wednesday. The government plans to use the Bharat Renewable Energy (BRE) Summit & Expo 2026 to draw up a roadmap for mobilising that money. The summit opens at Bharat Mandapam in New Delhi on November 2 and will be inaugurated by Prime Minister Narendra Modi.
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The requirement covers deployment, manufacturing and transmission. “All of it together, the estimated requirement is USD 220 billion of investment,” Sarangi told reporters at a press conference ahead of the summit. “So the idea is to identify a roadmap through which this resource will be mobilised over a period of the next four to five years.”
The figure is tied to India’s 2030 target. “India’s clean energy transition is entering a decisive phase. With 308 GW of installed non-fossil fuel capacity, we are firmly on course to reach our 500 GW target by 2030,” Sarangi said. Reaching that target would also need faster deployment of energy storage, stronger transmission networks and more domestic manufacturing, he said.
At the last RE-Invest summit in 2024, Indian companies submitted commitment declarations for the years ahead. Asked whether the BRE Summit would bring similar declarations, Sarangi said the roadmap would be built differently. “Not in the form of a commitment letter, but a joint discussion between the financiers, the developers and the manufacturers to work out this roadmap for USD 220 billion,” he said.
Sarangi also gave a sector-wise split of the requirement. Solar would need about USD 70 billion, the largest single share. Transmission came next at USD 40-45 billion, followed by wind at USD 25-30 billion. Green hydrogen would need USD 20-25 billion and storage almost USD 20 billion, he said. He put manufacturing at USD 15-20 billion, hydro at USD 12-15 billion and bioenergy at USD 3-5 billion.
Sarangi’s pitch to investors rested on the return the government said it has seen from its own spending. Nearly USD 64 billion had come into India’s renewable energy sector since the last RE-Invest in 2024, he said. About USD 6.2 billion of that was Foreign Direct Investment (FDI). A statement issued by the ministry put India’s renewable energy investment between July 2024 and June 2026 at USD 63.7 billion.
Over the same period, the government spent about USD 6 billion on schemes meant to create a market for renewables, Sarangi said. These included PM Surya Ghar and the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM). “So USD 6 billion of investment by the government has actually brought in about USD 64 billion of private investment,” he said. “From the government’s perspective, this government investment has resulted in a virtuous cycle in drawing in private investment.”
“Many times, certain kinds of government investment tends to crowd out private investment,” Sarangi said. “But in the renewable energy sector, a well-calibrated expenditure plan has actually helped us in crowding in [private] investment.”
The summit is meant to find more of those openings. “So the idea in the Bharat Renewable Energy Summit and Expo is also to discuss with the investors to identify similar opportunities in future, where government policies and government schemes are able to attract more and more private investment,” he said. Sarangi also said that the summit “will provide a vital platform to connect global capital, technology and industry expertise with India’s growing clean energy opportunities.”
MNRE Joint Secretary JVN Subramanyam said the summit would put every part of the sector in one room. “We are having a combination of the entire ecosystem players from the private sector, the one who would put the projects, the one who would put the money, the one who would get the policy done, and the international policymakers,” he said.
On the financing side, Subramanyam named Canadian pension funds such as the Ontario Teachers’ Pension Plan (OTPP), as well as the California Public Employees’ Retirement System (CalPERS). Private equity firms, mutual funds operating in India and Indian banks are also expected to take part, he said. “So the entire ecosystem which holds the financing wherewithal, both public and private as well as international, all of them will be on the table,” he said.
Sarangi said future renewable energy growth depends on how much transmission can be built and how much power the grid can absorb. That includes speeding up battery energy storage systems (BESS). “How do we ensure that transmission lines come ahead of time, and how do we ensure that these transmission lines are able to dispatch a greater quantity of electrons from the renewable energy generation point to the load centres?” he asked. These questions will be taken up in more than 100 technical and policy sessions at the summit, he said. State governments will also use the event to explore partnerships in renewable energy development.
The summit will run alongside the 4th International Conference on Green Hydrogen (ICGH). Sarangi said Indian developers had secured export orders of about 5.5 lakh tonnes per annum (TPA) of green hydrogen and its derivatives so far. Of that, 4.5 lakh TPA came in 2026 alone. Cumulatively, India has bagged the highest export orders for green hydrogen and its derivatives, he said.
The event is themed ‘Invest. Innovate. Inspire.’ It is expected to draw participants from over 130 countries. It will be held alongside the 9th session of the International Solar Alliance (ISA) Assembly, which 25 ministers and deputy ministers will attend, Sarangi said. Chief Ministers and Deputy Chief Ministers at the summit will also meet top investors and the chief executives of developer and manufacturing companies, he said.
Australia, Denmark, the European Union (EU), France, Germany, the Netherlands, Norway, Sweden and the United Kingdom will take part as country partners, the ministry said. Thirteen states and union territories will join as partners: Andhra Pradesh, Assam, Bihar, Chhattisgarh, Delhi, Gujarat, Karnataka, Madhya Pradesh, Maharashtra, Odisha, Rajasthan, Uttar Pradesh and West Bengal.
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The exhibition will host more than 400 exhibitors, according to the ministry. Manufacturers from the Netherlands, Germany, other EU countries and Africa will set up stalls alongside Indian companies across nearly 32,000 square metres, Sarangi said. The summit will also award the winners of the Bharat Renewable Energy Hackathon 2026 and host the grand finale of the National Renewable Energy Quiz 2026. A REGen Pavilion will give students and young innovators space to show their ideas to industry.
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