Union Minister for New and Renewable Energy Pralhad Joshi has concluded his participation at the World Economic Forum Annual Meeting 2026 in Davos, marking a series of high-level engagements that significantly strengthened India’s global partnerships and reinforced international confidence in the country’s clean energy transition. The visit reaffirmed India’s position as one of the world’s most attractive and credible destinations for long-term renewable energy investments, underpinned by policy certainty, scale and sustained execution.
The Union Minister said that interactions at WEF 2026 yielded valuable strategic insights and deepened cooperation with governments, multilateral institutions, investors and industry leaders. He noted that India’s stable policy framework, predictable regulatory environment and long-term energy transition roadmap have positioned the country as a key driver of the global energy transition. The engagements, he added, renewed India’s resolve to accelerate its clean energy journey through sustained global collaboration and patient capital.
During multiple sessions and media interactions at Davos, the Minister showcased India’s long-term investment story, highlighting the country’s transparent policies, people-centric programmes and robust implementation capacity. Global stakeholders expressed strong interest in India’s investible project pipeline and acknowledged the success of flagship initiatives such as PM Surya Ghar and PM KUSUM, which have demonstrated India’s ability to roll out large-scale clean energy programmes efficiently and inclusively.
International investors and corporate leaders also appreciated India’s progress in strengthening domestic manufacturing across the solar photovoltaic value chain, reinforcing the country’s emergence as a resilient and competitive clean energy manufacturing hub. The export potential of green hydrogen and its derivatives was highlighted as a strategic opportunity to support the energy transition of partner countries while creating new growth avenues for India.
Addressing global leaders, the Union Minister outlined India’s vision for the energy transition, emphasising the transformative role of artificial intelligence in improving forecasting, reducing system losses, lowering costs and strengthening grid reliability. He highlighted India’s shift from pilot-based initiatives to platform-driven deployment through Digital Public Infrastructure for Energy, enabling the large-scale adoption of AI-enabled solutions across the power sector.
India also showcased its milestone achievement of 267 GW of installed non-fossil fuel-based electricity capacity and the attainment of 50 per cent non-fossil capacity five years ahead of its 2030 target under the Paris Agreement. The Minister underlined that an estimated USD 300 to 350 billion in financing would be required to reach 500 GW of non-fossil capacity by 2030, inviting global investors to partner in this transformative journey.
On the sidelines of WEF 2026, the Union Minister held a series of high-level bilateral and institutional meetings aimed at mobilising long-term capital and strengthening international cooperation. Discussions with Dr Said Mohammed Ahmed Al Saqri of Oman focused on collaboration in solar, wind, green hydrogen and storage solutions, particularly suited to arid conditions, and explored opportunities under CEPA, the International Solar Alliance and One Sun One World One Grid.
Engagements with Maxime Prévot, Deputy Prime Minister and Minister of Foreign Affairs, European Affairs and Development Cooperation of Belgium, reaffirmed strong India–Belgium cooperation in research and development, offshore wind, solar energy and green taxonomy. Talks with Subaih Abdul Aziz Al Mukhaizeem, Minister of Electricity, Water and Renewable Energy of Kuwait, explored potential investments in India’s renewable sector, including interest from the Kuwait Investment Authority in India’s solar module and cell ecosystem.
The Minister also interacted with Santiago Peña, President of Paraguay, to discuss technology partnerships, capacity building and knowledge sharing to support Paraguay’s renewable energy ambitions, while leveraging Paraguay’s clean energy strengths for regional cooperation. Engagements with Amon Murwira, Minister of Foreign Affairs and International Trade of Zimbabwe, focused on deepening India–Zimbabwe cooperation in renewable energy, including support through the International Solar Alliance for the establishment of the STAR C Centre in Zimbabwe. Separate discussions were held with Jordan’s Minister of Investment Dr Tareq Abu Ghazaleh and Minister of Planning and International Cooperation Zeina Toukan on exploring potential investment partnerships.
The Minister met Dr Fatih Birol, Executive Director of the International Energy Agency, and Rafael Mariano Grossi, Director General of the International Atomic Energy Agency, to discuss strengthening cooperation with multilateral institutions to foster clean energy technologies and accelerate the global energy transition.
Industry engagements formed a key pillar of the Davos visit. The Union Minister held constructive discussions with Guillaume Vermersch, Group CFO of Mercuria Group, focusing on renewable energy scaling, carbon markets, climate finance, green hydrogen, biofuels and energy storage. Mercuria’s commitment to invest nearly half of its portfolio in green energy and its interest in India’s clean energy ecosystem were welcomed.
Meetings with Patrick Pouyanné, Chairman and CEO of TotalEnergies, explored expansion in solar and storage, progress under the National Green Hydrogen Mission and partnerships in climate finance and technology. Interactions with Charles Emond, CEO, and Sarah Bouchard, COO, of La Caisse focused on scaling long-term climate investments in India, aligned with La Caisse’s plan to invest USD 400 billion in climate action by 2030.
Discussions with Juvencio Maeztu, CEO of Ingka Group, highlighted strong interest in India’s solar, wind and hybrid projects, with emphasis on India’s stable and investor-friendly policy environment. In separate meetings with global leaders including Catherine MacGregor of ENGIE, Bernard Fontana and Beatrice Buffon of EDF, and José Entrecanales Carrión of Acciona, the Minister invited further investments in India’s renewable energy sector, positioning the country as a preferred destination for long-term clean energy capital.
Engagements also focused on advancing the National Green Hydrogen Mission. Discussions with Topsoe leadership addressed the deployment of next-generation electrolyser technologies, while interactions with Aman Joshi of Bloom Energy explored distributed power solutions such as fuel cell technologies for industrial clusters and data centres. A separate meeting with S and P Global President Dave Ernsberger focused on developing robust frameworks for credit assessment, ESG standards and price discovery in the renewable energy sector.
The engagements at Davos 2026 reaffirmed India’s central role in the global clean energy transition, driven by scale, policy certainty, strong execution and a people-centric approach to sustainable growth. Global companies expressed growing interest in partnering with Indian firms to leverage local expertise and accelerate expansion through greenfield and brownfield investments, further strengthening India’s position as a global clean energy powerhouse.
