11 February 2026 at 08:40 pm IST
India will need an estimated $14.23 trillion in cumulative investment by 2070 to transition its power sector towards 98% clean electricity generation, according to a new report released by NITI Aayog. The assessment outlines the scale of financial, infrastructure, and policy efforts required to align India’s electricity system with its Net Zero emissions target for 2070. The report highlights that the transformation of the power sector will be central to India’s long-term decarbonisation strategy, as electricity demand is expected to rise significantly due to economic growth, urbanisation, and the electrification of transport and industry. Achieving a predominantly clean power mix will require large-scale deployment of renewable energy sources such as solar, wind, and hydropower, along with expanded energy storage and grid modernisation. According to NITI Aayog, the investment will be spread across generation capacity expansion, transmission and distribution infrastructure, battery storage, and system flexibility solutions. The report also underscores the importance of reducing dependence on fossil fuels over time while ensuring grid reliability and affordable power access, particularly as renewable energy penetration increases. The findings emphasise that mobilising such a massive investment will require strong policy support, private sector participation, and innovative financing mechanisms, including green bonds and blended finance. The report positions India’s clean power transition not only as a climate imperative but also as a long-term opportunity to enhance energy security, reduce import dependence, and support sustainable economic development.
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