The Sustainable Projects Developers Association (SPDA) held its Annual Meet recently in New Delhi, bringing together policymakers, industry leaders and stakeholders to deliberate on the current status of India’s renewable energy sector and chart its next phase of growth. The event was part of SPDA’s Annual Meet series focused on collaboration, policy dialogue and sector advancement.
Addressing the gathering as Chief Guest, Shri Santosh Kumar Sarangi, IAS, Secretary to the Government of India, Ministry of New and Renewable Energy (MNRE), congratulated SPDA for its continued contribution in the Renewable Energy landscape. He underscored the central role of clean energy in India’s long-term development and energy security.
Shri Santosh Kumar Sarangi further 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 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.”
Speaking on the occasion, Shri Vineet Mittal, Chairman, SPDA and Chairman, Avaada Group, highlighted the sector’s execution strength and priorities ahead.
Shri Vineet Mittal 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.”
The Annual Meet witnessed participation from across the entire renewable energy sector value chain including CEOs and Senior Representatives from Purvah Green, Ocior, Avaada Energy, ACME, Waaree, Serentica, Azure, Aditya Birla, ESSAR, Sembcorp, Sunsure, RaysPower, Jindal India to name a few, amongst many others. During the event, SPDA also elected Shri. Sandeep Kashyap, CEO, Purvah Green Power Pvt. Ltd – RPSG group, as President of SPDA for a period of one year.
SPDA has outlined a strategic roadmap across Renewable Energy and to promote green hydrogen and its derivatives, strengthen policy advocacy and expand its presence in India and globally. Deliberations focused on aligning advocacy and outreach initiatives with the sector’s growth roadmap.
Representing around 50 member companies across solar, wind, hybrid, battery energy storage systems (BESS), pumped storage, green hydrogen and green ammonia segments, SPDA has facilitated key interventions over the past year, including that of long awaited resolution on the issue of Great Indian Bustards, reduction in REDFC charges, removal of blacklisting clauses from bidding guidelines for renewable projects, and improvements in security and law and order conditions related to project development.
SPDA reaffirmed the need for its presence globally along with its continued commitment towards sustained policy support, manufacturing scale-up, infrastructure readiness and strong government–industry collaboration to position India as a global leader in clean energy deployment and exports.
About SPDA
Established a decade ago, the Sustainable Projects Developers Association, SPDA is an independent industry association committed to promoting India’s energy transition. It provides a neutral platform for policy advocacy, discussions and consensus building on issues critical to the development of the renewable and green fuel sector. SPDA represents more than 40 member companies across the gamut of renewables and green fuel industry including solar, wind, hybrid, BESS, green hydrogen and green ammonia sectors, providing assistance in policy evolution and healthier investment climate for renewable energy and green fuel projects and services.
