The International Energy Agency (IEA) projects that India’s total energy investment will reach a record $170 billion in 2026, supported by rapid infrastructure expansion as demand rises. In its World Energy Investment 2026 report, the IEA says investment in India has increased by an average of 11% per year over the past five years. Growth is particularly strong in solar and refining: solar photovoltaic (PV) investment is reported to be rising at about 25% annually, while oil refining investment is increasing by around 23% annually. Combined, these two sectors account for roughly one quarter of the increase in overall energy spending. The IEA also links investment to broader grid and storage build-out, noting expansion efforts that include transmission and battery storage infrastructure. On refining, the report says India is on track to expand refining capacity by nearly 15% by 2030, even though the country remains heavily dependent on imported crude oil. The sources also indicate that upstream oil and gas investment is not growing at the same pace, with upstream spending contracting on average in recent years.
IEA projects India’s energy investment to reach $170 billion in 2026
The International Energy Agency (IEA) projects that India’s total energy investment will reach a record $170 billion in 2026, supported by rapid infrastructure expansion as demand rises. In its World...
- The IEA projects India’s energy investment will reach about $170 billion in 2026.
- Energy investment in India has grown about 11% per year on average over the past five years.
- Solar PV investment is rising at roughly 25% annually, while oil refining investment rises about 23% annually.
- Solar PV and oil refining together contribute about one quarter of the increase in overall energy investment growth.
- The IEA links investment growth to expansion of refining capacity and supporting infrastructure such as transmission and battery storage.
The IEA said India's energy investment growth has been driven by solar, coal, transmission and battery storage infrastructure expansion
3 months ago‘Investment in solar PV grew annually by 25% in this period, and oil refining by 23%. Together, these two sectors contributed to one-fourth of India's energy investment growth,’ said the International Energy Agency
3 months agoIndia's energy investment is set to reach a record USD 170 billion in 2026, driven by rapid expansion in solar power and oil refining as the country accelerates efforts to meet rising energy demand and strengthen infrastructure for its clean energy transition. The International Energy Agency (IEA), in its World Energy Investment 2026 report, said energy investment in India has grown at an average annual rate of 11 per cent over the past five years, with solar photovoltaic (PV) investment rising 25 per cent annually and oil refining investment growing 23 per cent over the same period. Together, the two sectors accounted for roughly a quarter of the increase in overall energy spending. The surge in refining investment has put India on track to expand refining capacity by nearly 15 per cent by 2030, even as the country remains heavily dependent on imported crude oil, the report said. Upstream oil and gas investment, however, has contracted by an average of 7 per cent annually since 20
3 months ago
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