ENA Sectors 2026-01-12 15:31:07 <p><span style="font-size:14px"><strong>New Delhi, Jan 12 (KNN)</strong> Union Minister for New and Renewable Energy Pralhad Joshi has said that the global energy transition will require unprecedented levels of investment and international cooperation, with India alone expected to need nearly USD 300 billion by 2030.</span></p> <p><span style="font-size:14px"><strong>India a Key Destination for Clean Energy Investment</strong></span></p> <p><span style="font-size:14px">Addressing the 16th Assembly of the International Renewable Energy Agency (IRENA) in Abu Dhabi, United Arab Emirates, the Union Minister said the investment requirement presents significant opportunities across renewable energy generation, energy storage, green hydrogen, grid infrastructure and manufacturing. </span></p> <p><span style="font-size:14px">He noted that with stable policies and transparent markets, India continues to remain one of the most attractive destinations globally for clean energy investments.</span></p> <p><span style="font-size:14px">Joshi stressed the need for stronger international cooperation, underscoring the importance of technology transfer, affordable finance, capacity building and harmonised standards to help developing countries scale up renewable energy while protecting their development priorities.</span></p> <p><span style="font-size:14px"><strong>India Reaffirms Support for IRENA</strong></span></p> <p><span style="font-size:14px">Reiterating Indias strong support for the IRENA, the Minister said India is ready to share its experience, institutions and technical expertise with member countries. </span></p> <p><span style="font-size:14px">He said India will work closely with all partners, particularly Least Developed Countries and Small Island Developing States, to speed up the global renewable energy transition, emphasising that the shift is about people, opportunities and a shared sustainable future, not just capacity addition.</span></p> <p><span style="font-size:14px"><strong>Focus on People-Centric Energy Transition</strong></span></p> <p><span style="font-size:14px">Joshi participated in a High-Level Dialogue titled Reimagining Energy Futures: Bold Visions for Shared Prosperity held on the sidelines of the assembly. </span></p> <p><span style="font-size:14px">He reaffirmed Indias commitment to a people-centric energy transition through stronger international cooperation in finance, technology and governance, stressing that it must be an inclusive mass movement. He noted that India added nearly 50 GW of renewable capacity in 2025.</span></p> <p><span style="font-size:14px"><strong>India UAE Cooperation on Climate and Clean Energy</strong></span></p> <p><span style="font-size:14px">The Union Minister also held discussions with Dr. Amna bint Abdullah Al Dahak, Minister of Climate Change and Environment of the United Arab Emirates, to further strengthen India UAE cooperation on climate action, clean energy and food security.</span></p> <p><span style="font-size:14px">During the meeting, both sides reviewed the expanding partnership in renewable energy, investment and innovation, supported by multiple Memorandums of Understanding signed between 2014 and 2024 and aligned with the UAEs Net Zero 2050 goal.</span></p> <p><span style="font-size:14px">The discussions centred on strengthening cooperation in renewable energy, decentralised solutions, manufacturing, energy storage, technology and blended finance, with a focus on scalable, people-centric initiatives to boost energy security, resilience and sustainability. </span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span><br /> </p> 44746 https://knnindia.co.in/news/newsdetails/sectors/india-emerges-as-major-clean-energy-investment-destination-says-pralhad-joshi-at-irena 2026-01-12 15:31:07 knnindia.co.in