Climate change could lead to a loss in India’s GDP of up to 24.7 per cent by 2070, warned a senior European Union (EU) official, while highlighting the importance of undertaking constructive and immediate steps to contain the detrimental effects of climate crises.
Speaking at the Renewable Energy India (REI) Expo & The Battery Show India (TBSI) 2025, Dr. Ewa Suwara, Deputy Head of Delegation, European Union to India, said “green energy” and “clean industries” are no longer options, but imperatives to build a sustainable future.
“In this context, green energy and clean industries are not merely options, but imperatives for a sustainable future. The European Union deeply values its partnership with India, especially as both regions stand committed to advancing climate resilience, fostering innovation, and ensuring that ambition is matched by action,” she said.
Also speaking at the event was Dr. Philipp Ackermann, Ambassador of Germany to India, who laid emphasis on the Green and Sustainable Development Partnership signed between Prime Minister Narendra Modi and the German Chancellor in 2022, to advance renewable energy projects in India.
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“Our private sector brings cutting-edge technologies and expertise in solar, wind, bioenergy, storage, and green hydrogen, while Indian enterprises contribute scale and dynamism,” he said.
“Through initiatives such as the newly established India-German Solar and Wind Energy Working Groups, we aim to build joint manufacturing capacities, mobilise green capital, and create a globally skilled workforce that drives sustainable growth and energy security,” he added.
Yogesh Mudras, Managing Director of Informa Markets in India, who had organised the event, shared India’s fast progress in its transition to clean energy, saying renewable capacity had surpassed 250 GW in 2025, with aims to accelerate to 500 GW by 2030.
India is now focused on enhancing its energy storage, with the Ministry of Power having approved a ₹5,400 crore Viability Gap Funding (VGF) scheme for 30 GWh of Battery Energy Storage Systems (BESS), in addition to 13.2 GWh already underway, which is expected to attract ₹33,000 crore in investments by 2028, Mudras informed.
On India’s solar capacity achievements, Dr. Vibha Dhawan, Director General at The Energy and Resources Institute (TERI), said the country had already achieved 127 GW of installed solar capacity and is progressing steadily toward the 500 GW non-fossil energy target by 2030.
Dr. Dhawan also mentioned about government of India schemes, such as the National Green Hydrogen Mission, PLI Scheme for solar and battery manufacturing, and National Manufacturing Mission, that were aimed at fostering a strong domestic value chain.
“At TERI, decades of research, capacity building, and partnerships have been directed toward unlocking India’s estimated 10,800 GW solar potential, and advancing agri-photovoltaic models that drive rural growth,” she said, adding, “The focus must now shift toward viewing sustainability as a strategic enabler of industrial competitiveness and inclusive development.”
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