By FY25, the green power mix for cement industries is predicted to increase to 40-42% from 35% in FY23, resulting in savings of 140-160 basis points (bps) through lower energy costs.

State-owned Oil India Limited (OIL) is planning to invest Rs. 25,000 crore (US$ 3.01 billion) in clean energy projects to achieve its net zero carbon emission goal by 2040.

India will establish itself as a major player in the global supply chain for renewable energy equipment and start exporting as its solar manufacturing capacity independently reaches 100 GW by 2026.

According to the Union Minister of Petroleum and Natural Gas and Housing and Urban Affairs Mr. Hardeep Singh Puri, India will lead the world on a new biofuels path through the Global Biofuels Alliance, which will help in improving India's position globally because of the G20 presidency.

Indian Renewable Energy Development Agency Ltd. (IREDA) signed Memorandums of Understanding (MoUs) with the Union Bank of India (UBI) and Bank of Baroda (BoB) on September 5, 2023, taking a further step towards accelerating the growth of renewable energy (RE) in India.