New Delhi, May 20: India’s renewable energy sector is expected to attract investments worth $110–120 billion over the next few years, largely driven by upcoming solar and wind power projects, according to a report released on Wednesday.
The report by Colliers India said planned solar and wind capacity additions by 2030 could create a $10–15 billion opportunity in land aggregation and acquisition, supported by the government’s clean energy transition goals and long-term net-zero ambitions.
India currently has renewable energy capacity of 251 GW, with an additional 270–300 GW of solar and wind energy expected to be added by the end of the decade.
“India’s renewable energy capacity stands at 251 GW, and with another 270–300 GW of expected solar and wind energy additions by 2030, the sector is set to enter its next phase of accelerated growth,” said Badal Yagnik, Chief Executive Officer and Managing Director of Colliers India.
The report said the expansion is likely to generate significant opportunities for the real estate sector, particularly in land acquisition as well as industrial and warehousing infrastructure.
Yagnik noted that renewable energy growth would not only support India’s decarbonisation efforts but also contribute to the development of new growth corridors and investment hubs, fostering sustainable economic expansion.
According to the report, non-fossil fuel sources, including renewable and nuclear energy, currently account for 51 per cent of India’s installed power capacity, positioning the country to achieve its target of 500 GW of non-fossil-based capacity by 2030.
Land acquisition and aggregation typically account for 10–12 per cent of total project costs in solar and wind developments.
For solar projects, land is primarily acquired by private developers or government-backed nodal agencies in the case of large solar parks. In wind energy projects, land is generally secured for substations and essential infrastructure, while surrounding turbine areas are often leased.
The report further highlighted growing demand for industrial and warehousing facilities from renewable energy original equipment manufacturers (OEMs) as the sector expands.
“Over the last five years, annual leasing by renewable energy OEMs has surged nearly four times to around 3 million square feet of industrial and warehousing space uptake in 2025,” said Vimal Nadar, National Director and Head of Research at Colliers India.
