Policy Certainty, Storage Key To India’s Energy Transition
POWER & RENEWABLE ENERGY

Policy Certainty, Storage Key To India’s Energy Transition

Long-term policy clarity, particularly for hybrid renewable energy, alongside accelerated technology adoption and incentive-led domestic manufacturing, will be critical for India to achieve its renewable energy and decarbonisation goals, industry experts said.

Piyush Goyal, Chief Executive Officer and Co-founder of Volks Energie, said several focus areas are essential not only to meet climate commitments but also to support industrial growth, strengthen energy security and ensure affordable power for consumers. He stressed that accelerating grid upgrades and energy storage adoption must be treated as national priorities, as India’s future energy mix depends on both. Goyal also highlighted the need to incentivise domestic manufacturing of inverters, batteries and other critical components to reduce import dependence and build resilient supply chains.

Manish Dabkara, Chairman and Managing Director of EKI Energy Services, said emerging technologies such as green hydrogen, advanced energy storage chemistries and smart grid systems can help address intermittency and flexibility challenges. He added that stable, long-term policy frameworks for hybrid renewables, offshore wind and green hydrogen will be vital in attracting sustained private and global capital.

Gaurav Moda, Partner and Energy Sector Leader at EY-Parthenon India, said the energy transition is entering a more integrated and commercially grounded phase. He noted that accelerated renewable deployment, efficiency-led decarbonisation and digital adoption are already delivering measurable returns, while renewed momentum in nuclear energy further supports a diversified transition pathway. Moda added that artificial intelligence is rapidly democratising technology adoption across the energy value chain, with global energy majors unlocking 1–1.5 per cent incremental EBITDA through improved decision-making and operational optimisation. As a result, the focus is shifting from technology deployment to measurable value realisation.

Ankit Jain, Vice President and Co-Group Head, Corporate Ratings at ICRA Limited, pointed out that renewable energy bidding activity slowed in the first eight months of FY26, with only 8.6 GW auctioned, largely due to delays in signing power purchase and sale agreements. He said strengthening transmission infrastructure remains critical to sustaining capacity expansion. Grid curtailments during peak renewable generation hours underline the urgent need for storage solutions and grid reinforcement, which will remain key monitorables in FY27.

Amit Rautela, Chief Financial Officer of Meja Urja Nigam Private Limited, said India crossed a major milestone as of September 30, 2025, with total installed power capacity reaching 500.89 GW. Of this, 256.09 GW, or 51 per cent, is from non-fossil sources, while 244.80 GW, or 49 per cent, is from fossil fuels. He added that this rapid scale-up, combined with historically low renewable tariffs, demonstrates that India’s energy transition is increasingly cost-competitive and financially credible, supporting the country’s long-term net-zero ambitions.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

Long-term policy clarity, particularly for hybrid renewable energy, alongside accelerated technology adoption and incentive-led domestic manufacturing, will be critical for India to achieve its renewable energy and decarbonisation goals, industry experts said. Piyush Goyal, Chief Executive Officer and Co-founder of Volks Energie, said several focus areas are essential not only to meet climate commitments but also to support industrial growth, strengthen energy security and ensure affordable power for consumers. He stressed that accelerating grid upgrades and energy storage adoption must be treated as national priorities, as India’s future energy mix depends on both. Goyal also highlighted the need to incentivise domestic manufacturing of inverters, batteries and other critical components to reduce import dependence and build resilient supply chains. Manish Dabkara, Chairman and Managing Director of EKI Energy Services, said emerging technologies such as green hydrogen, advanced energy storage chemistries and smart grid systems can help address intermittency and flexibility challenges. He added that stable, long-term policy frameworks for hybrid renewables, offshore wind and green hydrogen will be vital in attracting sustained private and global capital. Gaurav Moda, Partner and Energy Sector Leader at EY-Parthenon India, said the energy transition is entering a more integrated and commercially grounded phase. He noted that accelerated renewable deployment, efficiency-led decarbonisation and digital adoption are already delivering measurable returns, while renewed momentum in nuclear energy further supports a diversified transition pathway. Moda added that artificial intelligence is rapidly democratising technology adoption across the energy value chain, with global energy majors unlocking 1–1.5 per cent incremental EBITDA through improved decision-making and operational optimisation. As a result, the focus is shifting from technology deployment to measurable value realisation. Ankit Jain, Vice President and Co-Group Head, Corporate Ratings at ICRA Limited, pointed out that renewable energy bidding activity slowed in the first eight months of FY26, with only 8.6 GW auctioned, largely due to delays in signing power purchase and sale agreements. He said strengthening transmission infrastructure remains critical to sustaining capacity expansion. Grid curtailments during peak renewable generation hours underline the urgent need for storage solutions and grid reinforcement, which will remain key monitorables in FY27. Amit Rautela, Chief Financial Officer of Meja Urja Nigam Private Limited, said India crossed a major milestone as of September 30, 2025, with total installed power capacity reaching 500.89 GW. Of this, 256.09 GW, or 51 per cent, is from non-fossil sources, while 244.80 GW, or 49 per cent, is from fossil fuels. He added that this rapid scale-up, combined with historically low renewable tariffs, demonstrates that India’s energy transition is increasingly cost-competitive and financially credible, supporting the country’s long-term net-zero ambitions.

Next Story
Infrastructure Urban

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Next Story
Infrastructure Transport

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Next Story
Infrastructure Transport

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement