New Delhi, Oct. 8 -- The power sector is witnessing a new growth cycle, with demand from diversified pools, shifting from volume to value, according to brokerage firm Anand Rathi Share and Stock Brokers.

In a latest report released on 6 October, Anand Rathi underscored that power capacity could grow at 7.7% CAGR through FY36E, largely led by solar at 13% and wind at 10.7%.

The brokerage firm expects renewable energy to contribute a larger share of power generation, noting that its share of installed capacity may rise from 53% in FY26 to 70% by FY36e, while thermal capacity may fall from 47% to 30%.

"The faster growth in renewable generation should continue to gradually reshape the generation mix as generation is expected to grow at 6.9...