Energy Transition Opportunities: An India-Based Investor’s Perspective

Sameer Shah of ValueQuest Investment Advisors presented his view on energy transition opportunities at Asian Investing Summit 2025.

Thesis summary:

The global energy transition represents a structural, multi-decade transformation of how societies generate, distribute, and consume energy — shifting from fossil fuel-driven, extraction-based systems to electrified, renewable-powered, capex-intensive infrastructures. Despite cyclical political and regulatory noise, including recent funding pauses, tariffs, and renewed fossil fuel advocacy, the trajectory remains unequivocally upward. Historical solar installation trends have proven resilient to regime changes in the U.S., with capacity additions accelerating under each successive administration. Bullish estimates forecast annual solar additions exceeding 80 GW in the U.S. by 2030.

This shift is not incremental but a true paradigm change. Global energy demand, particularly electricity, is rising due to demand from electric vehicles, AI data centers, semiconductor fabrication, and electrified transportation infrastructure. Electricity’s share of total energy consumption is expected to grow significantly, underpinned by renewables as the fastest growing supply source. Furthermore, the learning curve in renewable energy technologies — particularly solar PV, onshore wind, and battery storage — is rapidly driving down levelized costs, making clean energy increasingly cost-competitive on a standalone basis.

On a system level, the transition introduces complexity. Renewable sources are abundant but intermittent, creating challenges for grid design, energy storage, and inter-regional transport. Supply variability and the shift from molecule-based (fuel) to electron-based (electricity) energy systems will require not only creative engineering but also extensive investment in transmission and distribution infrastructure. The IEA projects that grid investments must double or triple by 2050 under a net-zero scenario, highlighting an urgent need for capital reallocation at both public and private levels.

From an investor’s perspective, the transition is a generational megatrend. The “X-curve” captures the moment where legacy fossil infrastructure declines and renewables scale to dominance. In the words of Tony Seba, the current disruption — “Electricity 2.0 and Mobility 2.0” — could be an order of magnitude larger than the internet and mobile revolutions. While near-term volatility driven by geopolitics, tariffs, and policy shifts is inevitable, the fundamental drivers—technology adoption, economics of scale, and regulatory commitments to net zero—are aligning. For long-term value investors, the transition offers multiple opportunities across the value chain — from grid infrastructure to storage, renewables manufacturing, and clean fuels — if approached with a disciplined, patient capital mindset.

The full session is available exclusively to members of MOI Global.

Members, log in below to access the full session.

Not a member?

Thank you for your interest.  Please note that MOI Global is closed to new members at this time. If you would like to join the waiting list, complete the following form:

First name:

Last name:

Email address:

City / state / country:

Company:

How did you hear about MOI Global? Select Member referral Staff This website Media / Internet Other

If referral, please provide member's name:

Which of the following applies most closely to you? Select Investment Firm - Head Investment Firm - Analyst or PM Institutional Allocator - Firm C-Level Executive Institutional Allocator - Firm Employee Family Office - Head or Co-Owner Family Office - Employee Non-Investment Firm - C-Level Executive Non-Investment Firm - Employee Other

How do you hope to add value to the community?

Leave this field empty if you're human:

About the instructor:

Sameer Shah is the Co-founder and Fund Manager at ValueQuest, where he leads the research function and plays a key role in organizational strategy. A qualified Chartered Accountant and former board member of APMI (Association of Portfolio Managers of India), he brings extensive experience from leading financial institutions.

A bottom-up thinker, Sameer specializes in identifying companies at key inflexion points that can capitalize on emerging megatrends.

He has been managing the flagship ValueQuest Growth PMS since its launch in 2010, delivering top decile returns and GIFT domiciled India Inbound offshore fund. Additionally, he oversees the foreign institutional mandate from one of the largest SWFs.

The content of this website is not an offer to sell or the solicitation of an offer to buy any security. The content is distributed for informational purposes only and should not be construed as investment advice or a recommendation to sell or buy any security or other investment, or undertake any investment strategy. There are no warranties, expressed or implied, as to the accuracy, completeness, or results obtained from any information set forth on this website. BeyondProxy’s officers, directors, employees, and/or contributing authors may have positions in and may, from time to time, make purchases or sales of the securities or other investments discussed or evaluated herein.