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.