The Rise of Clean Energy Businesses in India’s Green Revolution

India is leading the way in clean energy, using power from the sun, wind, and other eco-friendly sources to create a greener future. In July 2025, India is the world’s third-largest producer of clean energy, with 234 gigawatts (GW) of clean power, making up half of the country’s total electricity. India wants to reach 500 GW of clean energy by 2030 and have zero carbon emissions by 2070. This push is helping new clean energy businesses grow fast, with support from the government, new technology, and excited investors. This article explains, in simple words, how these businesses are booming and why they’re important for India’s green revolution.

What’s Driving India’s Green Energy Boom

India is working hard to use less coal and more clean energy to meet its growing need for electricity and fight climate change. In 2025, clean energy like solar and wind produces 17% of India’s electricity, up 24.4% from last year. While coal is still used a lot (47.4% of power), clean energy is catching up fast. The government’s plans, like the National Green Hydrogen Mission, are making it easier for businesses to grow.

These clean energy businesses are doing more than helping the environment—they’re creating jobs, saving money on imported fuels, and boosting the economy. They’ve received over $19.98 billion in foreign investment since 2000, and India will need $190–215 billion by 2030 to hit its clean energy goals. With 954 million people online and more villages getting electricity, the demand for clean energy is huge, making India a top spot for green businesses.

Main Areas of Clean Energy Growth

1. Solar Power

Solar power is the biggest part of India’s clean energy, with 84.27 GW in 2024, growing fast. India aims to have 100 GW of solar power by the end of 2025. Companies like Tata Power Solar, Adani Green Energy, and Waaree Energies are leading the way. Tata Power Solar has put up over 1.5 GW of rooftop solar panels for homes and businesses. Adani Green Energy added a lot of solar power in 2025, helping India set new records.

The government’s PM Suryaghar Yojana program and 50 solar parks across 12 states are making solar power cheaper and easier to get. Solar panels are less expensive now, and India is making more of them locally, with 91.5 GW of solar parts ready in 2025. Small companies like Gensol Engineering are also helping by building solar projects.

2. Wind Power

Wind power makes up 10% of India’s electricity, with 51.5 GW in 2025, up 150% in the last 10 years. Companies like Suzlon Energy and Inox Wind are building big wind farms, and Suzlon got a 486 MW order in 2024. India is even selling wind turbines to other countries. The goal is to reach 99.9 GW of wind power by 2030, with states like Gujarat and Tamil Nadu leading.

New offshore wind projects, using wind from the sea, are starting along India’s long coastline. Businesses are also mixing solar and wind to make power all day and night, solving the problem of wind not always blowing.

3. Green Hydrogen

Green hydrogen is a new kind of clean fuel that can help industries like steel and fertilizers stop using dirty energy. India wants to make 5 million tonnes of green hydrogen by 2030, with equipment to produce 8 GW yearly by 2025. The government’s $2.4 billion National Green Hydrogen Mission is helping. Big companies like NTPC Green Energy are spending $9.59 billion on green hydrogen projects, and smaller companies like Hygenco are getting money to grow.

Green hydrogen could cut 28 million tonnes of harmful gases by 2030, helping India reach its no-carbon goal. It’s also creating new jobs and business opportunities.

4. Energy Storage and Batteries

Storing energy is important because solar and wind power don’t work all the time. India’s energy storage market is getting $9–10 billion a year. Companies like O2 Power and Waaree Energies are building big storage projects, like an 800-MWh system in Rajasthan. The government is helping by supporting battery projects and recycling.

Startups like Attero Recycling are reusing old batteries, pulling out 98.5% of valuable materials like cobalt and lithium for electric vehicles (EVs) and storage. This helps make clean energy stronger and supports EVs.

5. Bioenergy and Waste-to-Energy

Bioenergy uses things like farm waste and city garbage to make power. India produces 55 million tonnes of garbage and 38 billion litres of sewage every year, which can be turned into energy. The Ethanol 20 program wants 20% ethanol in petrol by 2025–26, needing 1,350 crore litres of ethanol. Companies like Sun Petrochemicals are building bioenergy plants, and the government is helping rural families set up small biogas plants.

Why Clean Energy Businesses Are Growing

Government Help

The government is making it easy for clean energy businesses. Programs like the National Electricity Plan aim for 68.4% clean energy by 2032. Rules like Green Open Access and Renewable Purchase Obligations make it easier to use clean power. The Indian Renewable Energy Development Agency (IREDA) gives loans for green projects, and $2 billion in green bonds in 2023 helped build clean energy systems.

New Technology

Better solar panels, wind turbines, and batteries are making clean energy cheaper and more reliable. Smart grids and AI help manage energy better. Startups like WEGOT use tech to save water in buildings, which also saves energy. India’s focus on making its own solar panels and batteries is cutting costs and creating jobs.

Investor Excitement

Investors love clean energy, with $16.5 billion expected in 2024, up 83% from last year. Big companies like Adani Green Energy and NTPC, and smaller ones like Avaada Group, are getting lots of money. The sector could see $360 billion by 2030 because it’s affordable and has a big market.

Helping Rural Areas

Clean energy is changing lives in villages by bringing electricity to places that didn’t have it. Solar pumps for farmers and biogas plants are helping with farming and daily life. Waste-to-energy projects are also cleaning up cities and creating jobs.

Top Clean Energy Companies

• Tata Power Solar: Leading in rooftop solar, helping India hit its clean energy goals.
• Adani Green Energy: Adding tons of solar and wind power, with over 15.8 GW in 2025.
• NTPC Green Energy: Spending big on green hydrogen and renewables, aiming for 60 GW by 2032.
• Suzlon Energy: A top wind power company, selling turbines worldwide.
• Attero Recycling: Recycling batteries to support EVs and energy storage.

Challenges to Watch

Clean energy businesses face some problems. Green hydrogen and storage systems are expensive to start. India needs more charging stations for EVs and better power grids. Some rules and high electricity costs for businesses can slow things down. There’s also a need for more trained workers, but the government is helping with training programs.

What’s Next

India’s clean energy sector will keep growing, possibly needing 700 GW by 2050 for industries. Green hydrogen, batteries, and bioenergy will help cut pollution, and solar and wind will stay strong. With government support and new ideas, India could reach its no-carbon goal before 2070.

By 2030, clean energy could create millions of jobs and attract $360 billion in investments, helping India save money and grow. Companies big and small, like Tata Power and Attero, are leading the way. India’s green revolution is not just about saving the planet—it’s about building a stronger, greener economy for the future.

Last Updated on: Wednesday, July 16, 2025 12:50 pm by Chandini Naidu | Published by: Chandini Naidu on Wednesday, July 16, 2025 12:50 pm | News Categories: News

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