Business · Energy & Commodities · 4 hrs ago
India’s Renewables Saved More Than $100 Billion in Fuel Imports, IEA Says
The IEA says renewables saved India over $100 billion in coal and natural gas import costs between 2011 and 2025.
India has rapidly expanded solar, wind and bioenergy as part of its energy system.
Without capacity added since 2010, India’s coal imports in 2025 would have been about 110 million tonnes higher, the IEA says.
The savings show how renewable power can reduce dependence on imported fuels and help protect energy security.
The IEA expects renewables to reach 35% of India’s energy mix by 2030, after the share doubles from its current level.
To sustain growth, India will need more investment in power grids and storage, stronger utility finances and fewer project delays.
India’s renewable electricity saved more than $100 billion in coal and natural gas import costs between 2011 and 2025, according to the International Energy Agency.
The IEA said that without solar, wind and bioenergy capacity added since 2010, India’s coal imports in 2025 would have been about 110 million tonnes higher.
The agency expects cumulative import-cost savings to more than double by 2030.
India is on track to double renewables’ share of its national energy mix by 2030, reaching 35 percent.
The IEA said further growth will require faster investment in electricity grids, storage and system flexibility, as well as stronger utility finances and fewer project delays.
- Who
- India and the International Energy Agency.
- What
- The IEA reported that renewable electricity saved India more than $100 billion in coal and natural gas import costs from 2011 to 2025.
- When
- The savings covered 2011 to 2025; the IEA expects cumulative savings to more than double by 2030.
- Where
- India.
- Why
- Renewable electricity reduced the need for imported coal and natural gas.
This story does not have two clearly opposing sides.
Renewable electricity saved India more than $100 billion in coal and natural gas import costs, according to the IEA.
India added solar PV, wind and bioenergy capacity that the IEA said reduced the country’s coal-import needs.
The IEA expects cumulative import-cost savings to more than double and renewables to reach 35 percent of India’s national energy mix.
- Import-cost savings
- More than $100 billion between 2011 and 2025
- Potential coal imports avoided
- Around 110 million tonnes in 2025
- Renewables’ share target
- 35 percent of India’s national energy mix by 2030
- Report
- India Renewable Energy Market Report 2026
What people are saying
India’s renewables expansion is delivering major benefits for its energy security at a time of heightened uncertainty in global energy markets.
Renewable electricity saved India more than USD 100 billion in coal and natural gas import costs between 2011 and 2025, with cumulative savings expected to more than double by 2030.
Without the solar PV, wind and bioenergy capacity added since 2010, India’s coal imports in 2025 would have been around 110 million tonnes higher.