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

07 Nov 2025

Welspun Enterprises Wins 910 MLD Panjrapur WTP Contract

Welspun Enterprises (WEL), the infrastructure and energy arm of Welspun World, has secured a major contract from the Brihanmumbai Municipal Corporation (BMC) to design, build and operate a 910 million litres per day (MLD) Water Treatment Plant (WTP) at Panjrapur, Maharashtra.Valued at approximately Rs 31.45 billion, the project encompasses end-to-end civil, mechanical, electrical and instrumentation works, including the construction of a treated water sump and pumping station. Of the total value, nearly Rs 11.56 billion is allocated to Operations & Maintenance (O&M), with an additional..

Infrastructure Energy

07 Nov 2025

Mitsubishi Power Wins Boiler Upgrade Contract for O Mon 1 Plant

Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, (MHI), has been awarded a contract to support the oil-to-natural-gas fuel conversion at the O Mon 1 Thermal Power Plant in Can Tho, southern Vietnam. As the OEM of the plant’s existing boiler, Mitsubishi Power will supply key equipment—including new gas burners—and implement a selective catalytic reduction (SCR) system to reduce NOx emissions and help the plant meet stricter environmental standards.The O Mon 1 facility includes two 330 MW units that commenced operations in 2009 and 2015, with all major equipment or..

Equipment

07 Nov 2025

Liebherr’s 10,000th XPower Wheel Loader Joins BERGER’s Fleet

BERGER Rohstoffe GmbH has welcomed the 10,000th Liebherr XPower wheel loader to its operations at the Schlag granite quarry in Passau. The milestone machine, officially handed over at Liebherr’s Bischofshofen plant in May 2025, underscores the long-standing partnership between BERGER, Liebherr, and the Beutlhauser Group. Equipped with Liebherr’s signature power-split travel drive, the new L 580 XPower is already delivering strong results under demanding quarry conditions.At the Schlag quarry, BERGER Rohstoffe processes approximately 200,000 tonnes of Bayerwald granite annually into high-qu..