Energy and Renewables

India’s energy and renewables sector is undergoing a fundamental transformation, driven by the dual imperatives of energy security and sustainability. As the country advances towards its long-term growth and climate ambitions, the focus is shifting from incremental improvements to system-wide transformation across power, fuels, mobility and industrial ecosystems. Organisations are increasingly balancing affordability, reliability and decarbonisation while navigating evolving technologies, regulatory frameworks and changing demand patterns.

This transformation is being enabled by investments in clean energy, digital technologies and diversified fuel ecosystems. From the expansion of ethanol as a transport fuel and the development of sustainable aviation fuel (SAF) ecosystems to the electrification of public mobility and modernisation of power infrastructure, multiple pathways emerging to support the transition towards a more resilient and sustainable energy future. At the same time, technology adoption is accelerating across the energy value chain, helping organisations improve operational performance, optimise assets and unlock new efficiencies.

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Energy transition and decarbonisation

Advancing cleaner fuels, circularity and lower-carbon energy systems

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Technology and digital innovation

Improving asset performance, operational efficiency and decision-making

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Resilient energy infrastructure

Strengthening power generation, distribution and future energy ecosystems

At the same time, the sector is becoming increasingly interconnected, with sustainability, mobility and industrial competitiveness shaping transformation agendas.

Circular economic adoption

Driving resource efficiency and economic value creation
Alternative fuel ecosystems

Supporting ethanol and sustainable aviation fuel development
Electrification of mobility

Accelerating the transition towards cleaner transport networks

Technology-enabled energy operations

Improving reliability, productivity and resilience
Thermal power modernisation

Strengthening delivery, execution and energy security
Digital transformation across energy enterprises

Enabling data-driven growth and innovation

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Explore the integrated analysis of global energy production, consumption, and emissions, revealing how the energy landscape is evolving

A roadmap to reducing import dependence and building a resilient, self-reliant fertiliser ecosystem

A strategic roadmap to scale sustainable aviation fuel (SAF) and strengthen India’s aviation energy security and resilience

Designing the chemical supply chain for a decade of uncertainty where resilience, adaptability, and intelligence define future competitiveness

Decoding India’s data centre opportunity across demand drivers, capacity scale-up, supplier ecosystem, regulatory landscape and its strategic roadmap

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Driving growth with Energy and Renewables

From LNG dependence to domestic resilience
14th Annual Conference on Wind Power in India
Electrifying India's bus industry
Sugar Ethanol Bioenergy Industry Conference 2026
Nuclear enables stronger energy security and climate action
Fiscal deficit and inflationary risks
Green transition and enterprise value
Energy security is economic security
Coal demand and inventory trends
Building a circular economy ecosystem in India

Himanshu Rattan

Partner and Lead – Food, Agri & Allied Services, Government & Public Services

KPMG in India

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India's fertiliser challenge is often viewed through the lens of supply and pricing. But the larger question is one of strategic resilience. As long as fertiliser production remains closely tied to imported energy, global disruptions will continue to find their way into Indian agriculture. The next phase of self-reliance will come not from managing these shocks better, but from reducing our exposure to them through interventions such as stronger domestic feedstock ecosystems and deeper integration across the energy, fertiliser, and farm value chain.

Abhishek Shah

Partner, C&O-Energy & Infra-P&U
KPMG in India

FY26 was a record year with 6 GW of new wind capacity added. Reaching 100 GW by 2030 will require scaling up to around 11 GW annually. The opportunity is clearly within reach - India has the resources, capital, and strong project pipeline. The key now is faster execution, including unlocking the 40+ GW of awarded renewable energy capacity awaiting signed PSAs.

India's wind potential will ultimately be determined not by the availability of turbines, but by how effectively we coordinate and execute.

Rohan Rao

Partner, Deal Advisory

KPMG in India

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India’s electric bus transition is moving beyond a policy-led initiative to becoming a structural transformation opportunity for the broader mobility ecosystem. Public transport electrification has already created strong momentum, supported by government procurement programmes, improving cost economics, and increasing infrastructure investments.

Going forward, the focus will increasingly shift towards building a scalable ecosystem that combines domestic manufacturing, financing innovation, charging infrastructure expansion, and operational efficiency to support sustainable long-term growth across both public and private transport segments.

Anish De
Vivek Rahi
Nikhil Moghe
Jodhbir Sachdeva

Anish De

Global Head for Energy Natural Resources & Chemicals (ENRC)

KPMG International

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As energy systems undergo structural transformation globally, India's ethanol programme stands as a compelling demonstration of how aligned policy frameworks, industry coordination and scale can decisively shift the needle on import dependence while sustaining economic momentum. Having achieved the E20 milestone ahead of schedule, the imperative now is to move from scale creation to system intelligence - where ethanol transitions from a blending mandate to a foundational pillar of a resilient, flexible and future-ready transport fuel ecosystem.

Vivek Rahi

Partner and National Head - Oil & Gas

KPMG in India

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India's ethanol journey has evolved from a targeted blending directive to a structurally significant component of the nation's transport energy architecture.

As the sector advances beyond E20, the strategic priority must shift toward feedstock diversification, demand-side flexibility and infrastructure alignment at scale. This inflection point presents a defining opportunity - to reposition ethanol not merely as a compliance instrument, but as a sovereign energy lever capable of reinforcing long-term energy security and accelerating India's low-carbon transition.

Nikhil Moghe

Partner, Oil & Gas

KPMG in India

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The future of biofuels is not just about producing more fuel - it is about building a complete ecosystem. Success will depend on innovative pricing, robust supply chains, informed consumers, and collaborative multilateral financing that brings all stakeholders together. When these pieces align, the transition from E20 to E100 and beyond becomes not just possible, but commercially sustainable.
Ethanol is not just a fuel - it is an ecosystem. Its success depends on the coordinated efforts of a diverse set of stakeholders, including farmers, sugarcane growers, grain producers, ethanol manufacturers, oil marketing companies, technology providers, policymakers, and consumers.

Sustained collaboration across the value chain will be critical to unlocking the full potential of India’s biofuel journey.

Jodhbir Sachdeva

Associate Partner, Aviation

KPMG in India

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The future of sustainable aviation will depend not only on Sustainable Aviation Fuel (SAF) production, but on creating the policy, financial, and market ecosystem needed to make SAF affordable and scalable.

Scaling SAF in India will require three things to come together:

feedstock availability,
diverse technology pathways, and
supportive policy frameworks.

Anish De

Global Head for Energy Natural Resources & Chemicals (ENRC)

KPMG International

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Hormuz disruptions highlight India’s exposure. Over 88% crude is imported, with about half via the strait. LPG risk is higher.

Nuclear offers reliable, low carbon scale. Reaching 100 GW by 2047 needs 4 to 5 GW annual additions, stronger fuel cycles, supply diversification and talent expansion.

Anish De

Global Head for Energy Natural Resources & Chemicals (ENRC)

KPMG International

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Diesel prices may have a marginal effect, but the immediate concern is the fiscal deficit and its inflationary risks. Passing through costs is essential to signal demand correction and shield both consumers and industry.

Renewable energy stands out due to its immunity to crude price volatility. With over 50 GW added in the past year, faster renewable expansion can cut import costs and enhance energy security.

Sameer Bhatnagar

Partner

KPMG in India

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Ports can anchor India's green transition and unlock enterprise value.

Large energy base enables rapid decarbonisation via electrification and renewables
Scale hubs for hydrogen, ammonia, methanol, LNG and biofuels
Critical interface aligning global shipping with domestic policy

By embedding sustainability at the core of port development, operations and investment, India has the opportunity to create ports that are efficient, competitive, resilient and globally relevant.

Anish De

Global Head for Energy Natural Resources & Chemicals (ENRC)

KPMG International

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Energy security is now a strategic priority. As India’s per capita power use rises from ~1400 kWh today to ~4800 kWh by 2050, the grid must scale with reliability. Renewables and nuclear drive decarbonisation, but thermal power remains the backbone ensuring stability and affordability.

Amit Bhargava

National Leader, Metals and Mining

KPMG in India

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Coal demand shows no structural weakness yet. Power and industrial consumption remains strong. Inventory trends are key. Earlier stockpiling may now be cushioning demand as firms run down stocks instead of lifting output.

Sandeep Paidi

Partner, Government & Public Services (G&PS); Lead - Health, Human & Social Services (HHSS) and Office Managing Partner – KPMG in Hyderabad

KPMG in India

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Circular economy depends on how everyday systems manage materials, waste and resources. The foundations of building a circular economy ecosystem in India have been underway for a few years now. However, without clear measurement, it becomes difficult to recognise the full value of these efforts.

Going ahead, we need improved mechanisms to track and quantify the environmental impact of circular activities. The challenge is to strengthen institutions and create reliable systems so that the environmental benefits generated can be clearly valued, verified and scaled.

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KPMG International and KPMG in Singapore have collaborated with the World Economic Forum to establish the Coal to Clean initiative, a unique platform where stakeholders from energy, finance, and civil society can exchange best practices and forge partnerships to accelerate coal-transition projects.

According to analyst group Source Global Research in their latest report, Perceptions of Consulting in Energy & Resources in 2025.

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