finance
India Power Demand Forecast to Rise 6% Annually Through 2030
A brokerage report projects Indian electricity consumption will increase about 6% each year for the next four to five years. The growth is tied to continued additions of renewable capacity.
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Power demand in India is expected to rise by about 6% every year over the next four to five years, brokerage Centrum Institutional Research said in a report on the Indian power sector. "Power demand is expected to grow at 6% pa as we expect renewable capacity additions to continue in the range 45-50 GW per year over next 4-5 years," Indian media quoted the report as saying.
During April and May, the first two months of the 2026/2027 fiscal year, India installed 6.8 gigawatts of solar capacity and another 712 megawatts of wind power capacity, according to the report. These capacity additions should keep India on track to install as much as 45-50 GW of renewable energy capacity in the full 2026/2027 fiscal year through March 2027.
"Industry growth remains underpinned by India's target of achieving approx. 500 GW of non-fossil fuel capacity by 2030, rising power demand, favourable regulatory support, and increasing adoption of BESS solutions," Centrum Institutional Research said.
Transparency
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CorroborationModerate · 2 sources
