Green energy push helped India save $100bn over last 15 yrs: IEA
India's remarkable leap in renewable energy capacity has led to over $100 billion in reduced costs for coal and natural gas imports. With 300GW of renewable power, the nation stands as the second-fastest-growing market worldwide. The International Energy Agency estimates that by 2030, cumulative savings could soar to $240 billion.
The International Energy Agency (IEA) has reported that India's expansion of renewable energy (RE) capacity over the past 15 years has helped the country save more than $100 billion in coal and natural gas import costs. With 300GW of RE capacity, India has become the world's second-fastest-growing renewables market, bolstering its energy security.
The report highlights that India added 168GW of solar and 38GW of wind capacity between March 2014 and September 2026, while installed bioenergy capacity reached nearly 12GW. The IEA estimates that cumulative savings on coal and natural gas imports could reach $240 billion by 2030, assuming international fuel prices remain at their 2024-25 average levels.
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