India's $15 Trillion Net-Zero Investment Challenge by 2070

28 Sep 2023 CW Team

While the report equated the average annual spend at $300 billion, it pointed out that a significantly higher outlay will be required in the initial years, for which it recommended innovative financing models to attract private investment into the market and bridge the gap in funding.

Stating that India's energy transition is anchored by the three fundamental pillars of grid decarbonisation, industrial decarbonisation and transport transition; the report said that these pillars collectively form the foundation of India's energy transition journey and can address around 90 percent of India?s current emissions.

Projecting India?s final energy demand to double from 2020 to 2070, the report indicated that aggressive energy efficiency measures are expected. The industry sector is likely to contribute 65 to 70 percent to the total energy demand and the passenger and freight demand expected to increase by three to five times by 2070 in the transport sector. However, the report said that energy demand will remain moderate due to a high uptake of Electric Vehicles (EVs) with higher energy conversion efficiency.

The share of electricity in the final energy mix is expected to increase from 18 percent in 2020 to over 50 percent by 2070. According to the report, 2,000 GW of grid-scale renewable energy (wind + solar) and another 1,000 GW of renewable energy for green hydrogen production will be required to achieve net-zero emissions by 2070 and decarbonise grid operations. This will translate into a capacity addition of 50 GW/year of renewable energy in the future from a historical average of 15-20 GW annually.

Stating that industrial decarbonisation will be crucial to abate 30 percent of energy-related emissions, the report pointed out that hydropower and nuclear power will play a critical role in the supply-side transition. It added apart from harnessing its full technically feasible hydro potential of 140 GW and a rise in nuclear capacity, India may need to import hydropower from Nepal and Bhutan.

A joint report by the Federation of Indian Chambers of Commerce & Industry (FICCI) and Deloitte on India's energy transition has projected a total expenditure of $15 trillion to achieve net-zero emissions in India from 2022 to 2070. While the report equated the average annual spend at $300 billion, it pointed out that a significantly higher outlay will be required in the initial years, for which it recommended innovative financing models to attract private investment into the market and bridge the gap in funding. Stating that India's energy transition is anchored by the three fundamental pillars of grid decarbonisation, industrial decarbonisation and transport transition; the report said that these pillars collectively form the foundation of India's energy transition journey and can address around 90 percent of India?s current emissions. Projecting India?s final energy demand to double from 2020 to 2070, the report indicated that aggressive energy efficiency measures are expected. The industry sector is likely to contribute 65 to 70 percent to the total energy demand and the passenger and freight demand expected to increase by three to five times by 2070 in the transport sector. However, the report said that energy demand will remain moderate due to a high uptake of Electric Vehicles (EVs) with higher energy conversion efficiency. The share of electricity in the final energy mix is expected to increase from 18 percent in 2020 to over 50 percent by 2070. According to the report, 2,000 GW of grid-scale renewable energy (wind + solar) and another 1,000 GW of renewable energy for green hydrogen production will be required to achieve net-zero emissions by 2070 and decarbonise grid operations. This will translate into a capacity addition of 50 GW/year of renewable energy in the future from a historical average of 15-20 GW annually. Stating that industrial decarbonisation will be crucial to abate 30 percent of energy-related emissions, the report pointed out that hydropower and nuclear power will play a critical role in the supply-side transition. It added apart from harnessing its full technically feasible hydro potential of 140 GW and a rise in nuclear capacity, India may need to import hydropower from Nepal and Bhutan.

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Equipment

10 Mar 2026

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

Equipment

10 Mar 2026

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..