India's Renewable Energy Expansion to Drive $10-15 Billion Land Investments by 2030
Solar, wind expansion set to trigger USD 10-15 billion land investments by 2030: Report

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India's solar and wind energy sectors are projected to generate land investments between USD 10-15 billion by 2030, driven by a target of 500 GW of non-fossil fuel energy capacity. The expansion will significantly impact the real estate market, particularly in land acquisition and industrial demand.
- 01India's installed renewable energy capacity reached approximately 251 GW by 2025, with a target of 500 GW by 2030.
- 02The renewable energy sector is expected to require nearly 700,000 acres of land for solar and wind projects by 2030.
- 03Colliers India estimates an additional 270-300 GW of solar and wind capacity could be added by 2030.
- 04Annual leasing by renewable energy Original Equipment Manufacturers (OEMs) has increased nearly fourfold in five years.
- 05Chennai and Pune are identified as the top cities for industrial and warehousing space uptake, accounting for two-thirds of total demand since 2021.
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India's solar and wind energy sectors are set to attract land investments worth USD 10-15 billion by 2030, according to a report by Colliers India. Currently, the country has an installed renewable energy capacity of around 251 GW, with a goal to reach 500 GW by 2030. The report highlights that the expansion of renewable energy infrastructure will create significant opportunities in the real estate sector, particularly in land acquisition and industrial demand from Original Equipment Manufacturers (OEMs). By 2030, solar and wind projects are projected to require nearly 700,000 acres of land. Colliers anticipates that India could add another 270-300 GW of renewable capacity during this period. The demand for industrial and warehousing space has surged, with renewable energy OEMs increasing their annual leasing nearly fourfold over the last five years. Cities like Chennai and Pune have emerged as key locations for this growth, accounting for a significant portion of the total industrial space uptake. The ongoing expansion is expected to bolster India's decarbonization efforts while catalyzing long-term sustainable growth across the nation.
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The expansion of the renewable energy sector will create substantial opportunities in land acquisition and industrial space, benefiting local economies and driving job creation.
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