New Delhi, Oct. 12 -- India's renewable energy (RE) sector is transitioning from basic capacity addition toward firm and contracted electricity, according to an Anand Rathi research report. The shift comes as peak power demand is projected to climb from 245 GW to 459 GW by FY36, alongside an increase in non-fossil generation from 29 per cent to 48 per cent.

"Peak demand rises from 245GW to 459GW by FY36e and non-fossil generation from 29 to 48%. As demand diversifies, dispatchability, evacuation and offtake quality increasingly determine project economics," the report stated.

Procurement patterns across state and central utilities reflect this structural change. Hybrid or round-the-clock (RTC), firm and dispatchable renewable energy (FD...