India’s corporate renewable market is becoming more vibrant with strong demand, policy and technology levers. Driven by net zero targets and investor mandates, corporate consumers are rushing to adopt more renewable power.
Despite policy resistance in many states and huge cost pressure, annual installations grew by 126% in 2022. Total installed renewables capacity is expected to grow from 25,873 MW in December 2022 to 73,154 MW by end 2027 as costs fall sharply and policy stance becomes more favourable.
Figure: Corporate renewable capacity addition outlook
Source: BRIDGE TO INDIA research
After a slightly weak 2023, growth is expected to pick up strongly as costs fall sharply and policy stance becomes more favourable. This comprehensive report assesses all available and emerging procurement routes, business models and technologies with details of growth drivers and challenges, historic capacity addition and future outlook, state-level policy and regulatory landscape, economic viability and leading players.