NITI Aayog roadmap projects USD 14.23 trillion power sector investment

NITI Aayog's February 10, 2026 study projects India's power sector needs USD 14.23 trillion in cumulative investment and 98 percent non-fossil generation by 2070 to reach Net Zero. The investment-grade blueprint identifies the power sector as the primary destination for sustainable capital and proposes new green-finance institutions for Indian companies.

NITI Aayog released the study "Scenarios Towards Viksit Bharat and Net Zero" on February 10, 2026, outlining the electricity system's role in India becoming developed by 2047 and reaching Net Zero by 2070. Electricity is projected to become the primary energy carrier, up to 60 percent of final energy demand by 2070, requiring USD 14.23 trillion cumulative investment in the power sector. Under the most ambitious scenarios, non-fossil generation must reach 98 percent of the power mix by 2070, with nearly USD 5 trillion front-loaded by 2050. Coal consumption continues rising until 2047.

The power sector is the primary focus, identified for global investors as the main destination for long-term sustainable capital. Solar, wind, energy storage, and transmission developers stand to benefit from massive capacity expansion. Coal fleet operators face a calibrated transition requiring improved flexibility, while nuclear energy and small modular reactor developers gain from clean firm power scaling. Technology providers and infrastructure developers find opportunities in storage and grid modernisation. A proposed National Green Finance Institution would aggregate capital for high-impact decarbonisation projects, bridging an estimated USD 6.5 trillion financing gap.

Stakeholders should monitor proposed institutional reforms, including a National Green Finance Institution to aggregate and deploy decarbonisation capital and a Low Carbon Development Cell under the Prime Minister's Council on Climate Change for cross-ministerial coordination. Investors should target the power sector and storage and grid modernisation opportunities. Entities should track front-loading of nearly USD 5 trillion by 2050 to sustain transition momentum. The roadmap advocates Mission LiFE behavioural change, enhanced appliance efficiency standards, and stronger building codes to manage cooling and digitalisation loads and decouple growth from emissions.

Key figure — Cumulative power sector investment: USD 14.23 trillion by 2070