Bharat Renewable Energy Summit & Expo 2026 ends in New Delhi with 10 MoUs and launch of IEA's India RE Market Report 2026

Key facts

• The Bharat Renewable Energy Summit & Expo 2026 concluded in New Delhi with the Vice-President of India, Shri C. P. Radhakrishnan, addressing the Valedictory Session.
• The Summit witnessed the signing of 10 MoUs and framework agreements, including a SECI MoU with potential to supply 3 lakh tonnes of green methanol per annum.
• The International Energy Agency (IEA) report 'India RE Market Report 2026: Analysis and Forecast to 2030' was launched during the Summit.
• The Summit was the largest renewable energy event hosted in India, with over 75,000 visitors from 135 countries, more than 32 international Ministers, over 8 partner countries, the European Union, 14 States and Union Territories, six Chief Ministers, 10 State Energy Ministers, over 400 exhibitors, more than 620 speakers and 113 sessions.
• The Summit featured the 9th International Solar Alliance Assembly and the 4th International Conference on Green Hydrogen.
• Union Minister Pralhad Joshi said India's renewable energy sector attracted over ₹15 lakh crore in investment over the past decade, including nearly ₹6 lakh crore in the last two years.
• The Union Cabinet approved a ₹14,500 crore Viability Gap Funding scheme for 92 GWh of grid-scale energy storage capacity, comprising 30 GWh of Battery Energy Storage Systems, 60 GWh of Pumped Storage Projects and 2 GWh through new technologies.
• India achieved utility-scale solar generation costs of USD 30–35 per MWh (₹2,840–₹3,313), the lowest in the world, and renewable energy has saved over USD 100 billion (about ₹9.46 lakh crore) in fossil fuel imports.
• In 2025, India auctioned 15 GW of hybrid renewable energy projects, taking total auctioned capacity to 64 GW, both the highest volumes in the world; average tariffs between 2023 and 2025 were around USD 45 per MWh (₹4,260), 20 per cent below coal-fired power costs.
• India's solar module manufacturing capacity has crossed 225 GW, making it the world's second-largest manufacturer, and distributed solar capacity for self-consumption is expected to exceed 100 GW by 2030.
• AI data centres are expected to add 26.3 GW of electricity demand by 2031-32, with renewable energy expected to play the primary role in meeting this demand.