1. Solar Energy Expansion
- Utility-scale solar: With large-scale tenders and RE targets, developers have ample room to expand.
- Rooftop solar: Increasing residential, commercial, and industrial uptake due to lower costs and net metering policies.
- Agricultural solar (PM-KUSUM Scheme): Solar pumps and decentralized solar projects are gaining traction.
2. Wind Energy Revitalization
- Onshore wind: Southern and western states offer strong wind corridors; repowering old turbines is a rising niche.
- Offshore wind: MNRE plans for offshore wind tenders (starting with Gujarat and Tamil Nadu) create long-term potential.
3. Green Hydrogen and Ammonia
- India’s National Green Hydrogen Mission (₹19,744 crore outlay) promotes production, storage, and export infrastructure.
- Export potential to Europe and Japan makes it a sunrise industry, especially near ports.
4. Battery Storage and Energy Storage Systems (ESS)
- With increasing solar and wind integration, demand for grid-scale storage is rising.
- Government push for BESS projects and PLI scheme for ACC batteries supports local manufacturing.
5. Renewable Energy Equipment Manufacturing
- PLI Schemes for solar PV modules and batteries offer incentives to domestic manufacturers.
- Opportunity in producing inverters, trackers, and BIPV components.
6. E-Mobility and Charging Infrastructure
- Synergy between RE and EV sectors: solar-powered EV charging stations are a growing market.
- Government targets 30% EV penetration by 2030, boosting RE-powered infrastructure needs.
7. Carbon Markets and Renewable Energy Certificates (RECs)
- India Carbon Market (ICM) launched to price carbon and promote low-carbon pathways.
- Scope for RE project developers to generate carbon credits and RECs.
8. Hybrid Projects and Round-the-Clock (RTC) Power
- Hybrid projects (solar + wind + storage) are gaining preference for grid stability and dispatchability.
- RTC tenders by SECI are opening new markets for integrated developers.
9. Waste-to-Energy and Bioenergy
- Urban waste and agro-residue offer massive potential for bio-CNG, biomass, and WTE plants.
- GOBARdhan and SATAT schemes support bioenergy expansion.
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