Renewable Energy Solutions encompass technologies and services that enable clean, decentralised and sustainable power generation across sectors.

The industry is led by solar energy and according to Inc42 data, the country boasts an installed capacity of 66.78 gigawatts (GW) as of April 2023, positioning it as the fourth-largest country in terms of solar energy capacity.

However, supply chain issues, a lack of working capital financing and high fragmentation have fettered the growth of the industry, which is expected to reach $50 Bn in size by 2030.

Startups are playing a key role in bridging gaps around storage, grid integration and last-mile access. Many are developing solutions for high-capex barriers, poor rural connectivity and low energy efficiency.

As the grid evolves, decentralised systems, EV-linked generation and battery-backed infrastructure are gaining traction, though financing and regulatory clarity remain ongoing challenges.

Leading Indian startups in this space include ReNew Power, SolarSquare, Fourth Partner Energy, Amplus Solar, Log9 Materials, Freyr Energy, Oorjan and ZunRoof.