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India’s Power Demand To Surge More Than 7% Annually Over A Decade: Goldman Sachs’ Nikhil Bhandari

  • India's power demand is projected to increase by over 7% annually until FY35, according to Goldman Sachs' Nikhil Bhandari.
  • Renewables and hydropower have dominated new power capacity additions, with concerns arising about grid stability and meeting rising power demand.
  • The need for coexistence of thermal and renewable energy sources, along with addressing storage challenges, notably battery manufacturing, is crucial for India's energy sector growth.
  • Bhandari suggests focusing on integrated renewable energy solution providers and highlights the necessity for substantial battery storage and grid modernization efforts.

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