Advantage India
Robust
Demand
*Ministry of New and Renewable Energy targets 500 GW non-fossil-based electricity generation by 2030, as per the Prime Minister's COP26 announcement, with an added installation of 13.5 GW renewable energy capacity in 2023, corresponding to an investment of around Rs. 74,000 crores (US$ 8.90 billion).
*India’s Rs. 9,22,866 crore (US$ 109.50 billion) plan aims to expand power infrastructure, meet 458 GW demand by 2032, enhance transmission, integrate renewable energy, and boost energy security, unlocking vast untapped potential.
Increasing
Investments
*Indian conglomerates plan to invest Rs. 67,42,400 crore (US$ 800 billion) in green hydrogen, clean energy, semiconductors, and EVs.
*India's installed renewable energy capacity is expected to increase to about 170 GW by March 2025 from the level of 136.57 GW as of December 2023, according to research agency ICRA.
*Government plans to invest Rs. 9,12,000 crore (US$ 107.89 billion) in power transmission infrastructure by 2032 to boost capacity and support growing electricity demand.
Policy
Support
*The Rajasthan government signed an MoU with NTPC Green Energy for 28,500 MW of renewable energy-based projects, as part of the total 31,825 MW of power generation projects worth Rs 1.6 lakh crore (US$ 19.18 billion).
*The Pradhan Mantri Jaiv Indhan - Vatavaran Anukool Fasal Awashesh Nivaran (PM JI-VAN) Yojana, amended in 2024, aims to provide financial support for advanced bioethanol projects using renewable feedstocks. Over Rs. 908 crore (US$ 106.7 million) has been approved for 2G bioethanol projects, including commercial-scale initiatives in Panipat, Haryana.
Competitive
Advantage
*India was ranked fourth in wind power capacity and solar power capacity, and fourth in renewable energy installed capacity, as of 2023.
*India surpasses the global average in setting and reducing carbon emission targets, ranking among the top three countries worldwide for emission reporting and reduction efforts.
*Power generation from solar and wind projects are likely to be cost-competitive relative to thermal power generation in India in 2025-30.
Tata Power Solar
Tata Power Solar Systems Ltd. is part of the Tata Group and the largest integrated solar power player in the country. It has three separate business segments – manufacturing of solar cells and modules, engineering, procurement, and construction (EPC) for solar power projects and other solar products. It provides customised and specialised solutions for various sectors like education, banking, healthcare, telecom, etc. and operates in both rural and urban areas. Tata Power has a capacity of 12.8 GW, of which 3.9 GW is currently from clean energy, and it aims to make 80% of its total power come from clean energy by 2030. It had a revenue of Rs. 15,391 crore (US$ 1.86 billion) in Q3 FY25.
Read More
Suzlon Energy
Suzlon is one of India’s leading renewable energy companies. Its services span the entire life of wind energy projects. It designs, develops, and manufactures wind turbine generators (WTGs). It also provides allied services, providing it with a strong presence across the wind power value chain. It does business in 17 countries across six continents. Its installed wind energy capacity, the largest in India, stood at 13.76 GW. Suzlon’s annual total revenue in FY24 stood at Rs. 6,497 crore (US$ 779 million).
Read MoreReNew
ReNew Power Ventures operates as an independent power producer. The company engages in the generation of non-conventional energy through solar and wind power. It sells its power to state electricity boards and large industrial companies in India. It was founded in 2011 and commenced operations in 2012 with its first project with a capacity of producing 25.20 MW from Jasdan, Gujarat. Renew Power has a capacity of more than 13.4 GW, while its commissioned capacity stands at 7.7 GW. It plans to double its portfolio of running plants and projects under implementation to 10,000 MW in five years.
Read More
Related News
MORERenewable Energy Hubs
- Rajasthan
- Gujarat
- Andhra Pradesh
- Karnataka
- Telangana
- Tamil Nadu
IBEF Campaigns
MORE
Aatmanirbhar Bharat Utsav 2024
Union Minister of External Affairs, Dr. S. Jaishankar and Union Commerce an...
Case Studies
MOREUnlocking Play: Evolution of India’s Toy Sector
The history of toy-making in India is extensive and varied, spanning thousands of years. Terracotta figurines, wheeled carts, and animal-shaped toys t...
Shaping the Future: How PM Ujjwala Yojana is Addressing India's Energy Needs
India, with its large population and diverse socio-economic conditions, has long struggled to ensure clean and affordable energy access for all, espec...
India's Electronics Sector: Pathway to Global Value Chain Integration
Electronics manufacturing plays an essential role in the global supply chain, fuelling everything from electric cars on the road to smartphones in our...
IBEF BLOG
MORE
Seaweed and the Blue Economy: India's Path to Coastal Prosperity
Seaweed, a highly versatile marine resource, holds significant potential fo...
From Fields to Fuel: The Indian Sugar Industry’s Role in Advancing Ethanol Blending
The Indian sugar industry is undergoing a transformation as it embraces eth...
Revolutionising India's Edible Oil Sector: Pathways to Sustainable Growth
India ranks fourth in the world after the United States, China, and Brazil ...
Partners
