India's Renewable Energy Expansion to Generate $15 Billion Land Market by 2030
India's green energy push to create $15 bn land opportunity by 2030

Image: Asianet Newsable
India's initiative to boost solar and wind energy is projected to create $10-15 billion in land acquisition opportunities by 2030. This effort aligns with the country's goal of achieving 500 GW of non-fossil fuel energy capacity, requiring approximately 7 lakh acres of land for new projects.
- 01India aims to achieve 500 GW of non-fossil fuel energy capacity by 2030.
- 02The renewable energy sector is expected to attract $110-120 billion in investments.
- 03Current renewable energy capacity in India is about 251 GW, with 146 GW under construction.
- 04Renewable energy Original Equipment Manufacturers (OEMs) are projected to lease 4-7 million square feet of industrial space annually by 2030.
- 05The expansion of renewable energy will support India's decarbonization and economic growth.
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India's commitment to increasing its renewable energy capacity is set to create significant economic opportunities, particularly in land acquisition, with an estimated market value of $10-15 billion by 2030. This projection is based on the country's ambitious target of reaching 500 GW of installed non-fossil fuel energy capacity, which is expected to require nearly 7 lakh acres of land. The report by Colliers India highlights that solar and wind projects will contribute 270-300 GW of capacity by the end of the decade, driving demand for land and related real estate activities. Furthermore, the renewable energy sector is anticipated to attract investments ranging from $110-120 billion, primarily focused on solar and wind projects, which will also stimulate the need for industrial and warehousing infrastructure. Renewable energy Original Equipment Manufacturers (OEMs) are expected to lease between 4-7 million square feet of Grade A industrial and warehousing space annually by 2030, accounting for 10-15% of total demand in this segment. This growth is expected to not only advance India's decarbonization efforts but also foster the development of new economic corridors and investment hubs across the nation.
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The expansion of renewable energy projects will create job opportunities in land acquisition, construction, and infrastructure development.
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