India stood firmly in the global spotlight at the World Economic Forum Annual Meeting 2026 as Union Minister for New and Renewable Energy Shri Pralhad Joshi showcased the country’s leadership in driving a clean energy transition that combines scale, affordability, sustainability and inclusive growth.
During a series of high-level engagements at Davos, Shri Pralhad Joshi underscored that India’s renewable energy journey demonstrates how rapid economic growth and climate responsibility can progress together. He highlighted that under the vision of Prime Minister Shri Narendra Modi, India has positioned clean energy as a core pillar of national development, delivering tangible outcomes for households, farmers, industry and states.
In a constructive interaction with Børge Brende, President and CEO of the World Economic Forum, Shri Pralhad Joshi, along with Union Minister of Railways, Electronics and Information Technology and Information and Broadcasting Shri Ashwini Vaishnaw, discussed the importance of global cooperation in addressing shared economic and developmental challenges. The discussions emphasised the role of multilateral platforms such as the World Economic Forum in building consensus and fostering sustained dialogue between governments, industry and stakeholders to advance resilient and inclusive growth.
Sharing India’s decentralised renewable energy experience with the Global South, Shri Pralhad Joshi addressed a roundtable attended by Shri Devendra Fadnavis, Chief Minister of Maharashtra, and Shri Amon Murwira, Minister of Foreign Affairs and International Trade of the Republic of Zimbabwe. The Union Minister detailed how India has rapidly scaled rooftop solar, agricultural solar and decentralised energy systems through flagship initiatives such as PM Surya Ghar Muft Bijli Yojana and PM KUSUM. He said these programmes are expanding clean energy access, reducing energy costs and improving resilience in remote and weak-grid regions through decentralised systems and mini-grids.
Chief Minister Shri Devendra Fadnavis highlighted Maharashtra’s progress in renewable energy and lauded the clean energy initiatives undertaken under the leadership of Prime Minister Shri Narendra Modi and the guidance of Union Minister Shri Pralhad Joshi. The Union Minister reaffirmed India’s commitment to South–South cooperation, stating that India will continue to share scalable and practical solutions through platforms such as the International Solar Alliance.
Addressing the session on de-risking the green leap through subnational leadership, Shri Pralhad Joshi said India’s energy transition is being driven not only at the national level but also by reform-oriented states delivering results on the ground. Speaking alongside Chief Minister of Madhya Pradesh Shri Mohan Yadav, he cited Madhya Pradesh as a leading example of scale and execution, noting its competitive solar tariffs, low-cost battery storage and globally competitive green hydrogen prices. He stressed that the central challenge in the global energy transition today is effective execution rather than ambition or capital.
On the sidelines of the forum, Shri Pralhad Joshi held a meeting with Guillaume Vermersch, Group Chief Financial Officer of Mercuria Group, to explore collaboration in renewable energy, carbon markets, climate finance, green hydrogen, biofuels and energy storage. He welcomed Mercuria Group’s commitment to invest nearly half of its portfolio in green energy and its interest in India’s expanding clean energy ecosystem.
Presenting the Country Strategy Dialogue on India at the Congress Centre on January 20, Shri Pralhad Joshi, in the presence of Shri Ashwini Vaishnaw and Union Minister for Civil Aviation Shri Ram Mohan Naidu Kinjarapu, highlighted India’s scale and speed of execution. He noted that solar tariffs in India have declined by nearly 80 percent, renewable energy with storage has become cost-competitive, green hydrogen and green ammonia prices are among the most competitive globally, and domestic renewable energy manufacturing capacity has reached 144 GW. These factors, he said, position India as both a major clean energy market and a reliable global manufacturing and investment hub on the path towards Viksit Bharat 2047.
Shri Pralhad Joshi also delivered the keynote address at the session on the Global Mission on AI for Energy, highlighting the transformative role of artificial intelligence in improving forecasting, reducing losses, lowering costs and strengthening grid reliability. He outlined India’s transition from pilot-based interventions to platform-based deployment through Digital Public Infrastructure for Energy, enabling large-scale adoption of AI-driven solutions.
The engagements at Davos reaffirmed India’s position as a trusted global partner in the renewable energy transition, offering a model that aligns growth, competitiveness and sustainability while delivering practical solutions for both developed economies and the Global South.
