India’s Energy Outlook to 2035: A Clean Energy & Grid Transformation Journey

India’s energy ecosystem is set to undergo a massive transformation by 2035, with renewable energy, advanced energy storage, and grid modernization forming the backbone of the country's power strategy.

Demand Growth and Supply Targets

According to the National Electricity Plan (2024), India's peak electricity demand is projected to reach 277 GW by March 2027, with total installed power generation capacity climbing to 610 GW—of which 284 GW (~48%) will come from renewable sources.

Role of Emerging Technologies

• Battery Energy Storage Systems (BESS) and Pumped Storage Projects (PSP) will support round-the-clock RE power.
• Green hydrogen will power industrial clusters near ports and core sectors like fertilizers and steel.
• Energy storage investment needs by 2030: USD 75 million.

Grid Modernization & Infrastructure Investment

• ISTS cost by 2030: USD 28.7 billion
• GEC Phase II: 7577 ckt kms for 19 GW RE evacuation, USD 1.4 billion investment
• Inter-regional transmission capacity: Target of 149,850 MW by 2030 (from 112,250 MW)
• HVDC Corridors: Planned lines include Bhadla–Fatehpur, Pang–Kaithal, Barmer–Jabalpur, Khavda–Aurangabad

Full Report Available

For in-depth analysis, scenarios, and investment opportunities:

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Strategic Policy Pathway to 2035

• Integrated grid planning for future-ready power systems
• AI & automation for faster RE integration and customer interfaces
• Advanced grid operations via virtual synchronous machines, inertia procurement, and congestion management
• Climate risk modeling and asset health analytics for grid resilience

This energy evolution unlocks significant market opportunities across the value chain—benefiting EPC firms, RE developers, grid operators, OEMs, and financial institutions.