A report by Nomura highlights India's need for approximately USD 200 billion in investments to establish renewable energy generating assets by 2030. The report projects a compound annual growth rate (CAGR) of 7% in energy demand from FY24 to FY30, outpacing historical growth rates. Factors like data center expansions, increasing electric vehicle (EV) penetration, and advancements in green hydrogen technology are expected to drive this demand. To achieve the ambitious 500GW renewable energy capacity goal by 2030, the pace of renewable energy auctions needs to significantly increase, with 60GW of capacity needing to be auctioned annually. The industry is well-positioned to meet this demand, with support from government policies, commercial, and industrial sectors favoring greener energy solutions. As the cost of green hydrogen production becomes competitive with grey hydrogen, the demand for renewable energy is anticipated to grow even further. The report also forecasts a substantial rise in electricity demand from EVs, with EVs expected to represent a significant portion of the country's power consumption by 2030.