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India’s Transition to Renewable Energy: A Snapshot of the RE Sector

The RE sector in India is poised for a paradigm shift, driven by significant policy reforms and large investment opportunities. The goal of achieving 500 GW of installed RE capacity by 2030 will require significant investments resulting in a market opportunity of INR 30 Lakh crores.

Opportunities and Regulatory push With the objective of pushing the RE adoption, Government is introducing schemes like PM KUSUM, DCR etc. In the solar segment, the implementation of ALMM is expected to lead to a 10x increase in cell manufacturing capacity and a 2x growth in module manufacturing capacity by FY27. Wind is also set for revival through strategic policy interventions including pooled state tendering for tariff optimization, repowering policies and RPO-driven incentives to enhance market size. Complementing these developments are hybrid storage and FDRE projects which have emerged as the vanguard of renewable energy generation, exhibiting a 6x increase in bid awards and underscoring their pivotal role in driving exponential growth. 

Key Technological Insights The report highlights the technological advancement in the segment and the way forward with promotion of Hybrid, FDRE projects. Further, the import restrictions from China resulted in companies opting for backward integration. This shift has spurred the establishment of state-of-the-art manufacturing capacities for cutting-edge technologies, including polycrystalline and monocrystalline silicon cells, monocrystalline PERC cells, polycrystalline modules, and TOPCon-equipped modules, marking a significant step toward self-reliance and innovation in the sector.

Investment Landscape in the country The report provides a comprehensive overview of the significant financing activities within the RE sector globally. It delves into the specifics of key transactions, highlighting the roles of major lenders and financial investors who are actively driving growth and innovation in this dynamic space. By analyzing trends, strategies, and capital flows, the report offers valuable insights into the evolving landscape of renewable energy financing.

Industry Players and Growth Prospects The report offers an in-depth analysis of the key players within the sector, covering the entire value chain. It provides comprehensive insights into stakeholders ranging from cell and module manufacturers to independent power producers and project awarding authorities. By detailing their roles, contributions, and interconnections, the report delivers a holistic understanding of the sector’s dynamics and the ecosystem driving its growth.

In conclusion, the RE sector serves as a pivotal force in India's journey toward a sustainable energy future and is well-positioned to drive the nation’s green ambitions and establish a resilient, low-carbon energy ecosystem.

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