From Data Centres to Hydrogen: Rs 1 lakh-crore AI bet that could reshape India’s solar industry
India could need 817 gigawatts of solar power capacity by 2035, more than five times what it has today, driven in large part by two sources of demand that were barely on the radar when the country first set its renewable energy targets: artificial intelligence data centres and green hydrogen production.
According to a Nuvama Institutional Equities’ report, the market has significantly underestimated where solar demand is headed. The demand from data centres and green hydrogen plants alone, they estimate, could add 251 gigawatts of solar capacity over the next decade, which, to give you more context, is more than India’s entire installed solar base today.
