C&I Renewables To Reach 57 GW By FY28

06 Mar 2026 CW Team

The Green Energy Open Access Rules, 2022, enabled industrial units and commercial establishments to source renewable power using transmission and distribution infrastructure, accelerating adoption in industrial states. States have announced policies to fast-track open access, offering rebates on cross-subsidy, wheeling and state transmission utility charges for intra-state sourcing, lowering the landed cost of power by 25 to 30 per cent versus on-grid tariffs. Such incentives have made C&I projects more financially attractive relative to utility-scale projects.

Energy-intensive sectors such as steel, cement and data centres are leading the shift as companies align procurement with internal net-zero targets and compliance obligations. Private equity-backed developers are expected to dominate additions, given higher returns on equity in C&I projects supported by better tariffs and counterparties with robust credit profiles. Crisil Ratings notes an average PPA tenure of around 15 years, about 65 per cent of rated capacity tied to counterparties with High Safety credit profiles and a weighted average debt service coverage ratio of 1.4 times over the next two fiscals.

Infrastructure constraints and policy continuity remain key risks, with limited intra-state transmission capacity and right-of-way issues affecting project timelines and costs. States must balance open access incentives against distribution utilities' revenue implications, and any recalibration of incentives could raise landed power costs even though tariffs are expected to remain competitive versus grid supply. With India targeting 500 GW of non-fossil capacity by 2030, the C&I segment is emerging as a pillar in meeting clean energy goals while offering returns to developers and cost savings to corporates.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

India's commercial and industrial renewable energy capacity is set to rise to 57 gigawatts (GW) by FY28, up from 40 GW expected by the end of FY26, marking a 17 GW addition in two years as corporate decarbonisation and tariff arbitrage drive demand. Crisil Ratings projects the expansion will be anchored by favourable long-term power purchase agreement tariffs vis-à-vis grid tariffs, corporate net-zero commitments, renewable purchase obligations and attractive developer returns. The report also identifies strong counterparty credit profiles as a key enabler of the market. The Green Energy Open Access Rules, 2022, enabled industrial units and commercial establishments to source renewable power using transmission and distribution infrastructure, accelerating adoption in industrial states. States have announced policies to fast-track open access, offering rebates on cross-subsidy, wheeling and state transmission utility charges for intra-state sourcing, lowering the landed cost of power by 25 to 30 per cent versus on-grid tariffs. Such incentives have made C&I projects more financially attractive relative to utility-scale projects. Energy-intensive sectors such as steel, cement and data centres are leading the shift as companies align procurement with internal net-zero targets and compliance obligations. Private equity-backed developers are expected to dominate additions, given higher returns on equity in C&I projects supported by better tariffs and counterparties with robust credit profiles. Crisil Ratings notes an average PPA tenure of around 15 years, about 65 per cent of rated capacity tied to counterparties with High Safety credit profiles and a weighted average debt service coverage ratio of 1.4 times over the next two fiscals. Infrastructure constraints and policy continuity remain key risks, with limited intra-state transmission capacity and right-of-way issues affecting project timelines and costs. States must balance open access incentives against distribution utilities' revenue implications, and any recalibration of incentives could raise landed power costs even though tariffs are expected to remain competitive versus grid supply. With India targeting 500 GW of non-fossil capacity by 2030, the C&I segment is emerging as a pillar in meeting clean energy goals while offering returns to developers and cost savings to corporates.

Infrastructure Urban

06 Jul 2026

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Infrastructure Transport

06 Jul 2026

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Infrastructure Transport

06 Jul 2026

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..