India's Renewable Energy Sector Set for Major Growth by 2030

India's renewable energy sector is poised for remarkable growth, with projections indicating a USD 10–15 billion opportunity in land acquisition by 2030. A report highlights that investments of USD 110-120 billion are expected to flow into solar and wind projects, necessitating around 700,000 acres of land. This surge in demand presents numerous opportunities for real estate and construction companies, as private sector participation is anticipated to increase significantly. With advancements in manufacturing and a target of 500 GW of non-fossil capacity by 2030, India is well on its way to becoming a leader in renewable energy.

By Narendra Chaudhary May 20, 2026, 12:42 IST

Significant Growth in Renewable Energy

India's renewable energy sector is on the brink of substantial growth, driven by robust policy initiatives and rising investments, particularly in solar and wind energy. A report from Colliers India projects that by 2030, new solar and wind projects could create a USD 10–15 billion opportunity in land aggregation and acquisition. The report anticipates an influx of USD 110-120 billion into the renewable energy sector over the next few years, mainly targeting solar and wind initiatives. Notably, land aggregation and acquisition will constitute approximately 10–12% of the overall costs associated with these projects.

With an expected capacity addition of around 270–300 GW in the near future, nearly 700,000 acres of land will be necessary for solar and wind developments, leading to a surge in demand for land in strategic areas. For solar initiatives, most land is acquired by private developers or government authorities for larger installations. In contrast, wind projects primarily require land for building electrical substations and essential infrastructure, with turbine site areas often secured through leasing agreements.

Opportunities for Real Estate and Construction Sectors

The report indicates that the forthcoming solar and wind projects offer numerous opportunities for real estate and construction firms. Colliers India emphasizes that private sector involvement in land aggregation, acquisition, EPC solutions, and O&M services is likely to rise significantly in the coming years. Additionally, the demand for warehousing by renewable energy original equipment manufacturers (OEMs) is expected to increase, bolstered by the expansion of ultra-mega projects and incentives for domestic production.

As of 2025, India's installed renewable energy capacity reached approximately 251 GW, with solar and wind energy forming the backbone of this capacity mix. With non-fossil sources, including renewables and nuclear energy, making up 51% of the current installed capacity and rapid advancements in domestic manufacturing, India is well-positioned to meet its goal of achieving 500 GW of non-fossil-based capacity by 2030.