12 - 05 - 2026
Press Release: Rising Demand Supports Indian Power Utilities Despite High Capex
Renewables and coal should meet most of the increase in demand. Fitch expects renewable generation, especially from solar and wind, to rise by around 15% in FY27 after renewable capacity increased by 50GW, or 32%, in FY26. Renewables, including hydro, accounted for 26% of overall generation in FY26, up from 22% in FY25. This should limit supply disruptions, but shifts the credit focus to power storage and grid integration.