India is the world’s third-largest energy consumer, and its need for electricity is soaring higher. In order to meet the needs of a growing population, urbanization, economic growth, and electric vehicle adoption in road transport , India will have to boost its power generation capacity five-fold in just a few decades. And yet coal currently contributes to about 60% of India’s power basket.
This creates a sharp inflection point. As India pursues Prime Minister Modi’s commitment to net-zero by 2070 and the installation of 500 gigawatts of non-fossil capacity by 2030, much of the required infrastructure will be built over the next two to three decades.
As per the Energy Transitions Commission, India’s NDC is to reach 50% of installed power capacity from non-fossil fuels by 2030. Attain