RENEWABLE ENERGY PLAYERS SET TO BENEFIT FROM INDIA'S POWER SECTOR DEMAND

Currently India's per capita energy consumption is about 1500 KWh and is projected to reach 1800 KWh by the year 2030, however this is still below the global average of 3600 KWh. The country's peak demand has already crossed approximately 250GW and is expected to exceed 320GW by 2030, creating sustained demand for capacity addition across generation, transmission, and storage. Renewable energy plays an important part to this capacity expansion. Solar and wind power are expected to contribute the majority of incremental capacity through 2030. The government’s target of around 500GW of renewable fuel capacity by 2030 requires annual additions of roughly 50GW, with solar remaining dominant due to cost competitiveness and wind gaining through hybridisation and improved turbine efficiencies. Stocks that will benefit from renewable energy push are