India saves $100 billion in fuel imports through renewable energy growth
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India expanded its renewable energy capacity over the last 15 years to reduce its reliance on imported coal and natural gas. The International Energy Agency (IEA) reports that this transition saved the country more than $100 billion in import costs.
The Indian government reached its goal of sourcing 50% of electricity from non-fossil fuel sources in 2025, five years earlier than planned.
Between March 2014 and September 2026, the country added 168GW of solar power, 38GW of wind power, and nearly 12GW of bioenergy capacity. These developments were supported by rooftop solar programs, corporate procurement, and domestic manufacturing growth. The IEA expects India to reach 530GW of renewable capacity by 2030. This growth could result in cumulative savings of $240 billion on fuel imports by that time.
The agency notes that without these renewable additions, India's coal imports in 2025 would have been 110 million tonnes higher.
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