The Sustainable Projects Developers Association (SPDA) recently convened its Annual Meet in New Delhi, drawing policymakers, industry leaders, and stakeholders to discuss the trajectory of India’s renewable energy sector and map its next phase of growth.
The event, part of SPDA’s ongoing Annual Meet series, emphasized collaboration, policy dialogue, and sector advancement.
Santosh Kumar Sarangi, Secretary to the Government of India, Ministry of New and Renewable Energy (MNRE), addressed the gathering as Chief Guest, lauding SPDA’s contributions to the country’s clean energy landscape.
He said, “As India advances toward its vision of becoming a developed nation by 2047, sustaining economic growth above 7.5% will require significant expansion in manufacturing and electricity-intensive services such as AI, data centres and IoT. In this journey, reliable and clean energy will be indispensable.
"Viksit Bharat mission also envisages the Renewable energy growth in India will increase multi-dimensional. Extending beyond utility-scale projects to distributed renewable energy, green open access and emerging prosumer models enabled by digital platforms and the India Energy Stack would play a pivotal role in this journey. As consumers evolve into producers through rooftop solar and storage solutions, peer-to-peer electricity trading can reshape traditional demand patterns."
The demand profile, he said, is also changing. Plain vanilla solar and wind may not meet DISCOM needs. Hybrid and storage-integrated solutions aligned with demand curves are gaining traction, as seen in recent SECI tenders.
"This transition will require DISCOMs to reorient toward Electricity-as-a-Service (EaaS) something similar to that of SaaS and infrastructure-based models, leveraging digital twin technologies, satellite mapping and smart asset monitoring to improve efficiency and optimise costs. Transmission planning will remain critical, particularly as renewable capacity is concentrated in select states while load centres are dispersed across the country.
"Renewable installations are expected to remain robust, driven increasingly by C&I demand, distributed energy and emerging sectors. India also holds significant potential in renewable manufacturing and project exports, especially in emerging markets.
"India’s clean energy transition is globally recognised, and industry platforms such as SPDA have played significant role in shaping such progress. The future of renewable energy in India is promising and dynamic, requiring continued adaptability, innovation and strong collaboration between policymakers and industry stakeholders.”
Vineet Mittal, Chairman of SPDA and Avaada Group, highlighted the sector’s execution strength and priorities for the next phase.
He said, “India’s renewable energy sector has demonstrated strong execution capability, moving from projects measured in single-digit megawatts to consistently delivering capacity additions approaching 50 GW annually.
"This growth reflects policy vision, investor confidence and the strength of Indian developers. The sector now supports nearly a million jobs and has evolved from being largely import-dependent to building domestic manufacturing capacity in modules and cells. The next phase must focus on deeper localisation across the value chain — including critical balance-of-system components and strengthen the supply chain resilience, industrial depth and long-term energy security."
He also added that as India advances towards the 500 GW non-fossil fuel milestone, sustained demand creation, timely PPA signings and large-scale deployment of hybrid and storage-backed renewable solutions will be essential.
With emerging opportunities in data centres, green hydrogen and advanced manufacturing, renewable energy is positioned not only as a climate solution but also as a strategic economic driver. With consistent policy support and continued government–industry collaboration, India can accelerate its transition while generating employment, enhancing competitiveness and reinforcing its position as a global clean energy leader.”
