India must add 225 GW of renewable energy to meet 2031 goals

21 Sep 2022 CW Team

India needs to add 224.9 GW of renewable energy generation capacity by 2032 to meet the peak demand and energy requirement for the financial year 2031-32, according to the draft National Electricity Plan published by Central Electricity Authority (CEA).

Stakeholders have been asked to submit their comments and suggestions by December 5, 2022.

India has achieved a cumulative installed renewable energy capacity (including large hydro) of 159.81 GW. The projected all-India electrical energy requirement and peak electricity demand are estimated as 1,874 billion units (BU) and 272 GW for the year 2026-27 and 2,538 BU and 363 GW for 2031-32.

The capacity addition required during 2022-27 to meet the peak demand and energy requirement for 2026-27 is 228.54 GW, comprising 40.63 GW of conventional capacity and 187.9 GW of renewable capacity, including large hydro (10.95 GW), solar (132.08 GW), wind (40.5 GW), biomass (2.31 GW), and pumped storage projects (2.7 GW). This estimate excludes 5.85 GW of likely hydro-based imports.

The draft states that the estimated renewable energy installed capacity will likely be 344.51 GW by 2026-27 and 569.42 GW by 2031-32.

Based on the projections of capacity addition targets from renewable sources by 2026-27 and considering a renewable capacity addition of 224.9 GW between 2027 and 2032, expected electricity generation from various renewable sources has been estimated at 667.2 BU by 2026-27 and 1144.4 BU by 2031-32. The contribution of renewables will be around 35.6% of the country’s total energy in 2026-27 and 45.09% by 2031-32.

Resources

11 May 2026

Hindustan Zinc Joins Dow Jones ESG Index

Hindustan Zinc has been included in the Dow Jones Best-in-Class Index 2026 for Emerging Markets following the latest index rebalance by S&P Dow Jones Indices. The inclusion marks the company’s first entry into the global ESG benchmark index.Formerly known as the Dow Jones Sustainability Index, the benchmark tracks companies demonstrating strong environmental, social and governance (ESG) performance across global markets. Hindustan Zinc is among only 25 Indian companies included in the emerging markets index and one of only two companies from India’s metals and mining sector.The company..

Carlton London Enters Furniture Market with EBG Group

Carlton London has entered India’s furniture market through a partnership with EBG Group, launching Carlton Luxury Furniture with a focus on sustainable and long-life home interiors. The venture plans to open 600 franchise-led showrooms across 300 cities over the next five years through a partner-driven expansion model. The company expects the rollout to generate investments of Rs 18-20 billion from franchise stakeholders and create over 12,000 jobs across the country. The brand said the initiative will focus on sustainability-led furniture manufacturing, targeting a reduction of around 16..

BirlaNu Opens First Vijayawada Experience Centre

BirlaNu, part of the CKA Birla Group, has launched its first Experience Centre in Vijayawada, Andhra Pradesh, marking a strategic expansion in South India.Located at Mahatma Gandhi Road, Governorpet, the centre showcases BirlaNu’s portfolio across walls, floors, pipes, putty and construction chemicals through simulated real-world application displays. The format allows customers, contractors and architects to directly evaluate products before specification or purchase.The company said the initiative addresses a long-standing gap in the building materials sector, where purchasing decisions ar..