Maharashtra Sets Goal of 75% Clean Energy by 2047 in New Budget

Maharashtra Sets Goal of 75% Clean Energy by 2047 in New Budget

March 11, 2026

The Maharashtra government has announced an ambitious plan to increase the share of clean energy in the state’s power system, setting a target of 75% clean energy by 2047. The goal was highlighted in the 2026–27 state budget, which outlines several initiatives to expand solar power, rooftop installations, and energy storage projects. The policy is part of a broader strategy to reduce dependence on fossil fuels and accelerate the state’s transition toward sustainable energy sources.

According to the budget, the state will implement measures under the Maharashtra Renewable Energy and Energy Storage Policy 2025–2035, which aims to increase the share of green power to 50% by 2029 and 65% by 2035. The policy is expected to attract around ₹3 trillion (about $32.6 billion) in investment and generate nearly ₹156 billion in state GST revenue, while also creating new economic opportunities in the renewable energy sector.

Solar energy for agriculture is a key component of the government’s strategy. Under the Mukhyamantri Saur Krishi Vahini Yojana 2.0, the state plans to develop 16,000 MW of solar capacity to supply daytime electricity to agricultural pump users. So far, 3,349 MW has already been commissioned, and around 10,000 MW of additional capacity is expected to be installed by December 2026.

The government also highlighted progress in solar pump programs such as PM-KUSUM Component B and the Magel Tyala Saur Krishi Pump initiative, under which over 663,000 solar pumps have been installed across Maharashtra. These programs aim to reduce farmers’ dependence on conventional electricity while lowering subsidy burdens on distribution companies.

In the residential sector, rooftop solar adoption is expanding through the PM Surya Ghar program, where approximately 457,000 households have installed rooftop systems totaling more than 1,735 MW of capacity. The government has already provided about ₹32 billion in subsidies to support these installations. Additionally, the Self-Sufficient Maharashtra Residential Rooftop Solar (SMART) program will provide ₹6.35 billion in subsidies to help about 500,000 households install solar systems.

To support the growing share of renewable energy, the state is also investing heavily in pumped hydro energy storage projects. Memorandums of understanding have been signed for 55 pumped hydro projects with a combined capacity of 78,215 MW, representing potential investments of about ₹4.16 trillion and creating an estimated 128,000 jobs. Work has already begun on six projects totaling 10,300 MW.