India's Power Demand Set to Grow 6% a Year Through 2030

AI Summary

Power demand in India is projected to grow at 6% annually through 2030, driven by significant additions in renewable energy capacity. The expansion of renewable capacity in India remains robust with an expected annual increase of 45-50 GW over the next four to five years.

Power demand in India is expected to rise by about 6% every year over the next four-five years, with growth supported by renewable energy capacity additions, 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…