India to increase renewable capacity to 68 GW in five years
POWER & RENEWABLE ENERGY

India to increase renewable capacity to 68 GW in five years

According to a recent survey, India is expected to add 68 GW of renewable capacities in the next five years, more than the previous year's estimate of 60 GW, with 65% of solar occupying shares.

The rooftop solar capacity addition is expected to be less than 11 GW and floating solar capacity less than 5 GW for this period.

On average, 13.6 GW of capacity is expected to add each year for the next five years. As many as three states including Gujarat, Maharashtra, and Karnataka, emerged as the top three states for growth prospects of renewable power projects in the survey.

The renewable energy consultancy, Bridge to India, conducted the India Renewable Power CEO Survey 2021, in which 44 leading Indian and international companies participated.

The grid-scale storage and module manufacturing were considered lukewarm, and the expected capacity addition is just 10 GW and 7 GW, respectively, in five years, it said.

It said that the survey is highly optimistic in the industry's prospects but the crippling financial health of the discoms, offtake risks, and policy changes have been a concern. It feels that the project auctions were unreasonably aggressive.

As per the demand, all demand and supply factors such as transmission, infrastructure, import duties, and debt financing are challenging.

Image Source


Also read: India to play a leadership role in RE sector in the future: Piyush Goyal

Your next big infra connection is waiting at RAHSTA 2025 – Asia’s Biggest Roads & Highways Expo, Jio World Convention Centre, Mumbai. Don’t miss out!

According to a recent survey, India is expected to add 68 GW of renewable capacities in the next five years, more than the previous year's estimate of 60 GW, with 65% of solar occupying shares. The rooftop solar capacity addition is expected to be less than 11 GW and floating solar capacity less than 5 GW for this period. On average, 13.6 GW of capacity is expected to add each year for the next five years. As many as three states including Gujarat, Maharashtra, and Karnataka, emerged as the top three states for growth prospects of renewable power projects in the survey. The renewable energy consultancy, Bridge to India, conducted the India Renewable Power CEO Survey 2021, in which 44 leading Indian and international companies participated. The grid-scale storage and module manufacturing were considered lukewarm, and the expected capacity addition is just 10 GW and 7 GW, respectively, in five years, it said. It said that the survey is highly optimistic in the industry's prospects but the crippling financial health of the discoms, offtake risks, and policy changes have been a concern. It feels that the project auctions were unreasonably aggressive. As per the demand, all demand and supply factors such as transmission, infrastructure, import duties, and debt financing are challenging. Image Source Also read: India to play a leadership role in RE sector in the future: Piyush Goyal

Next Story
Real Estate

Vitizen Hotels Signs Deal at Manyata Tech Park

Vikram Kamats Hospitality, as part of its ongoing expansion in key metropolitan markets, announced that its material subsidiary, Vitizen Hotels, has signed a long-term lease agreement for a 45-key hotel property at Manyata Tech Park, Bengaluru.Strategically located in the city’s prominent IT hub, the property is well-positioned to serve corporate travelers, business professionals, and long-stay guests. The addition aligns with the company’s asset-light growth model, leveraging long-term leases to expand its footprint in high-demand urban markets.The hotel is expected to strengthen the comp..

Next Story
Infrastructure Transport

CONCOR Signs MoU with BPIPL to Operate Container Terminal at Bhavnagar Port

Container Corporation of India (CONCOR) has signed a Memorandum of Understanding (MoU) with Bhavnagar Port Infrastructure (BPIPL) on September 4, 2025, in New Delhi to operate and maintain the upcoming container terminal at the northside of Bhavnagar Port, Gujarat.BPIPL had earlier entered into an agreement with the Gujarat Maritime Board (GMB) in September 2024 for the port’s development. Under this arrangement, 235 hectares of land has been leased to BPIPL for 30 years, with provision for expansion by an additional 250 hectares.The new terminal is expected to significantly enhance logistic..

Next Story
Infrastructure Transport

Concord Launches India’s First Indigenous Zero-Emission Rail Propulsion

Concord Control Systems (CCSL), a leader in embedded electronics and critical rail technologies, has announced the development of India’s first fully indigenous zero-emission propulsion system, marking a significant step toward the country’s railway electrification and net-zero goals for 2030.Powered by Lithium Iron Phosphate (LFP) batteries and featuring a DC chopper-based drive, the propulsion system eliminates idling losses common in diesel engines, offering higher efficiency, lower costs, and zero emissions.What sets this innovation apart is its completely indigenous design. Except for..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?