{
  "id": 2864759,
  "title": "India needs to move away from 'petro state'",
  "url": "https://urgent.news/2026/08/23/india-needs-to-move-away-from-petro-state",
  "topic": "business",
  "section": "Business",
  "published": "2026-08-23T19:50:19.000Z",
  "source": {
    "name": "The Economic Times",
    "slug": "the-economic-times",
    "url": "https://economictimes.indiatimes.com/industry/renewables/et-world-leaders-forum-india-needs-to-make-the-shift-from-petro-state-to-electro-state/articleshow/133446332.cms"
  },
  "original_language": "en",
  "account": "India has managed to navigate recent geopolitical unrest well, bolstered by a surge in renewable energy installations. Currently, non-fossil fuel capacities exceed 300 GW, with the nation aiming for a 500 GW target by 2030. As electricity demand surges from electric vehicles, artificial intelligence, and data centers, there's a growing push for a shift from a petro-dominated economy to an electro-based one, emphasizing renewable power and nuclear energy, according to experts. The panel discussion, moderated by ET's Anubhuti Vishnoi, emphasized the necessity of bolstering renewable capacity, long-term investments, improved transmission infrastructure, and increased private involvement in nuclear energy. India's renewable energy secretary, Santosh Kumar Sarangi, highlighted the need for a behavioral shift and enhanced supply-side capabilities to meet the demand for electric vehicles, induction cooking systems, and home appliances. With 300 GW of non-fossil fuel capacity already achieved and a target of 500 GW by 2030, Sarangi believes this transition would enhance economic resilience and reduce import dependency. Girish Tanti, co-founder of Suzlon Group, echoed this sentiment, advocating for higher renewable energy targets, given the promising base established in recent years and the increasing demand from emerging sectors. Globally, 80% of new energy installations, including in India, have been from renewables, with projections suggesting India may need five times its current power capacity by 2050, primarily driven by renewables. However, achieving this will require significant capital with longer tenures, leading to a potential shift in World Bank financing from renewable generation projects to supporting grid infrastructure, battery storage, and manufacturing, among other areas. The Sustainable Harnessing and Advancement of Nuclear Energy for Transforming India (SHANTI) Act, 2025, has opened nuclear power to private participation, presenting an opportunity to expand India's nuclear capacity and technology base. The recent tariff tender by the Solar Energy Corporation of India for firm, affordable, and reliable renewable power, combining solar, wind, and battery storage, could be a game-changer, potentially revolutionizing electricity supply in the future.",
  "summary": null,
  "key_points": [
    "India aims for 500 GW non-fossil fuel capacity by 2030.",
    "Experts push for shift from petro to electro-based economy.",
    "SHANTI Act 2025 allows private nuclear energy participation."
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}