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India’s installed power capacity is set to more than quadruple over the next two decades, crossing 2,000 GW by 2047, according to a new outlook report unveiled in New Delhi. The report, titled “India’s Power & Energy Transformation Outlook,” was released by ENCIS.
Solar energy will do the heavy lifting in this transformation, with capacity expected to jump nearly tenfold — from 119 GW today to over 1,100 GW by 2047. The scale of that growth, the report notes, will demand sustained investment not just in generation but in grid infrastructure, energy storage and the broader ecosystem needed to support it.
The session featured industry leaders, including Bhupinder Singh Bhalla, IAS (Retd.), Chairperson of the Governing Council for the event and Former Secretary, Ministry of New and Renewable Energy, and others.
Speaking at the session, Bhalla said, “India’s energy transition is now about orchestration, not just expansion. Our next phase will be judged not by the number of gigawatts added, but by whether we build a system that is reliable every hour, affordable for every consumer, flexible under stress, and secure against disruption.”
The report reveals that non-fossil sources already make up 53% of India’s 540 GW installed capacity, a target hit five years early. Meanwhile, peak electricity demand has nearly tripled since 2000 and is projected to hit 366 GW by 2032, a 34% rise fuelled by new-age loads from data centres, e-mobility and green hydrogen.
CEA Chairperson Ghanshyam Prasad said, “India is experiencing phenomenal growth in the power sector, with record annual capacity additions and a rapid shift toward clean energy. But it’s not just about adding megawatts; our real challenge now is to build a grid and market architecture that can integrate renewables, storage, and new technologies at scale, ensuring reliability, flexibility, and affordability for a future-ready economy.”
To stay on track, India must nearly triple its renewable energy deployment by 2030, taking non-fossil capacity to 500 GW while holding the grid steady. Grid-scale storage faces an even steeper climb, a forty-fold increase to 200 GWh by 2030, which the report calls the biggest infrastructure leap the sector has ever attempted.
On the ground, smart meter rollout is progressing fast, with 250 million units expected to be installed by FY2028, enough to bring 90% of consumer demand under real-time management and push national AT&C losses below 10% for the first time. Digital reforms have already brought losses down to 15%, but distribution remains the sector’s weak link, with 44 GW of renewable capacity stuck in financing or contractual limbo.
Even as renewables scale up, coal will remain central to grid stability. Plants will need to run at a minimum technical load of 40% and hit ramp rates of 3% by 2030. Overall, the report pegs India’s power sector investment requirement at $0.5 trillion by 2030, alongside a need for more than a million newly skilled workers to drive the digital and clean energy transition.
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