+
Indian biomass market anticipated to reach Rs 320 bn by FY31: Report
POWER & RENEWABLE ENERGY

Indian biomass market anticipated to reach Rs 320 bn by FY31: Report

According to a research, the Indian biomass market is anticipated to reach Rs 320 billion by FY 2030- 31 thanks to government initiatives and investments from international green energy businesses.

According to a report by 1Lattice, a technology-enabled decision support organisation, the introduction of new schemes in the support of biomass cogeneration projects is playing a critical role in the capacity expansions of small biogas plants located in distant and rural portions of India.

Global green energy businesses are making investments in the Indian biomass market. According to the report, there is an increasing need for businesses in India to have access to clean, dependable power, and biomass as an energy source is anticipated to play a critical role in satisfying this need.

“India currently has an installed capacity of 10.2 GW for biomass production and the biomass market in India is expected to reach Rs 32,000 crore by FY 31,” said Abhishek Maiti, Director of 1Lattice.

He added that organisations will have the chance to make climate-smart decisions and get the world closer to the goal of net-zero carbon emissions through investments and cooperation in the biomass energy ecosystem. By these investments, participants in the biomass energy ecosystem will be able to offer consumers more environmentally friendly options, aiding in the realisation of the objective of a sustainable society, he continued.

India currently has access to around 750 MMT of biomass annually, with an additional 230 MMT of surplus biomass available. India's installed biomass production capacity increased at a CAGR of 4%, reaching 10 GW in FY22. Government programmes that promote technologies for the best use of the nation's biomass resources include the biomass power & cogeneration programme and the revised strategy for biomass utilisation.

According to a research, the Indian biomass market is anticipated to reach Rs 320 billion by FY 2030- 31 thanks to government initiatives and investments from international green energy businesses. According to a report by 1Lattice, a technology-enabled decision support organisation, the introduction of new schemes in the support of biomass cogeneration projects is playing a critical role in the capacity expansions of small biogas plants located in distant and rural portions of India. Global green energy businesses are making investments in the Indian biomass market. According to the report, there is an increasing need for businesses in India to have access to clean, dependable power, and biomass as an energy source is anticipated to play a critical role in satisfying this need. “India currently has an installed capacity of 10.2 GW for biomass production and the biomass market in India is expected to reach Rs 32,000 crore by FY 31,” said Abhishek Maiti, Director of 1Lattice. He added that organisations will have the chance to make climate-smart decisions and get the world closer to the goal of net-zero carbon emissions through investments and cooperation in the biomass energy ecosystem. By these investments, participants in the biomass energy ecosystem will be able to offer consumers more environmentally friendly options, aiding in the realisation of the objective of a sustainable society, he continued. India currently has access to around 750 MMT of biomass annually, with an additional 230 MMT of surplus biomass available. India's installed biomass production capacity increased at a CAGR of 4%, reaching 10 GW in FY22. Government programmes that promote technologies for the best use of the nation's biomass resources include the biomass power & cogeneration programme and the revised strategy for biomass utilisation.

Related Stories

Gold Stories

Next Story
Real Estate

Peninsula Land launches 19 luxury villas in Pune

Pune’s residential landscape is witnessing a shift as premium homebuyers increasingly seek larger spaces, privacy and independent living options beyond high-rise apartments. Addressing this demand, Peninsula Land Limited, part of the Ashok Piramal Group, has launched AshokVillas, an exclusive collection of 19 premium furnished villas in Gahunje, Pune.The development combines the independence of a standalone home with the convenience and security of a managed residential community. Designed around low-density horizontal living, AshokVillas offers residents private spaces while providing acces..

Next Story
Infrastructure Urban

MyBranch Expands South India Network with 16 Workspace Centres

MyBranch has expanded its South India presence with a 50,000 sq ft flexible workspace network comprising 16 centres across 14 cities in Andhra Pradesh, Karnataka, Tamil Nadu and Telangana.The expansion reflects growing demand for flexible office infrastructure as businesses establish regional teams, satellite offices and operations beyond traditional metropolitan markets. MyBranch’s network spans Bengaluru, Coimbatore, Guntur, Hanamkonda, Hubballi, Hyderabad, Madurai, Mangaluru, Rajahmundry, Salem, Tirupati, Vellore, Vijayawada and Visakhapatnam, with a large office space in Chennai also und..

Next Story
Building Material

Walplast Launches Moisture-Resistant Gypsum Plaster Solutions

Walplast Products Pvt. Ltd. has expanded its HomeSure GypEx portfolio with the launch of GypEx MoistShield and GypEx Gold, two gypsum plaster solutions designed to address moisture-prone applications and improve plastering efficiency.The new products have been developed in response to the growing demand for faster construction processes, improved material performance and consistent surface quality. The solutions aim to simplify interior plastering while addressing specific application requirements across construction environments.“Through HomeSure GypEx MoistShield and GypEx Gold, we are exp..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code