India's Sustainable Energy Future
India ranks as the world’s third-largest electricity producer, and the energy sector plays a vital role in the country’s economy. Beyond simply powering homes and businesses, it serves as a key driver of national growth and development.
At the same time, India is accelerating its transition toward cleaner energy. Rapid innovation and technological advancements are reshaping the industry. The country has pledged to achieve net zero emissions by 2070 and aims to generate 50% of its electricity from renewable sources by 2030, an important milestone in global climate action.
India has been making strong headway in terms of generating renewable energy which is a crucial element to meet the nation’s growing need for power. This move is also helping align the country with its lofty energy transition goals. In 2024, India clean power auctions reached a record 59 gigawatts (GW). This was 2.3 times more than the previous year. If this momentum continues, India is well on its way to meet the renewable energy targets.
This growth momentum has been achieved owing to the Indian government’s proactive outlook towards building a greener future. another key factor behind this growth is India’s visionary leaders who are powering the renewable energy future. in this edition of CEO Insights India magazine, we meet a few such prolific leaders.
One such leader is Alok Nigam. With nearly three decades of experience across advisory, regulatory and renewable energy leadership, Alok has consistently bridged technical expertise with strategic vision. As CEO of UPC Renewables India, he is steering a multiGW portfolio that reflects both scale and innovation. His journey - from Big Four advisory to leading multinational IPPs - underscores a career built on resilience, transformation, and impact. Recognized for leadership excellence across organizations, Alok continues to champion India’s clean energy transition while staying grounded in personal passions that reflect his curiosity and balance.
Read an in-depth conversation featuring Alok where he speaks about his professional journey, leadership insights and more.
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