The government of India is focused on increasing the capacity renewable energy resources. Generating energy through conventional means is troublesome. Issues of pollution rampant in our cities and towns have become the burning topic with the youngsters. Businesses and governments are assessing the viability of producing renewable energy. I have 20 years of experience of developing and manufacturing Sitting on such a long experience, I am well-conversant with all aspects of the business from operational to financial aspects.
After finishing my B.Tech (Industrial Engineering), I started my career as an instrumentation engineer in one of India’s leading air separation plant manufacturing companies. Here, I learned a great deal about instrumentation of control panels of air separation columns. I also helped in the making heat exchangers, cryogenic expanders, etc. During my three year stint, I became adept at instrumentation of all kinds of electronic and programmable equipment. Working at India’s top brand for oxygen generation plant manufacturers, I got well-versed in the leading technologies of the day which were to prove very helpful in my subsequent eventful career.
Renewable energy scenario in India
Subsequently, I started working for one of the leading clean energy companies. There are many reasons for opting to work for a company engaged in non-conventional energy production. I felt passionately about climate change and increasing pollution in our cities. I was a sort of climate change activist during my college days even though it was not fashionable back then. I believe that it is imperative to do your work with passion. However, there is urgent requirement for global awareness about climate change.
There is no denying that fact that governments all over the globe are incentivizing the renewable energy industry. Indian government is also doing commendable job in the energy sector. In June 21, 2021, PM Modi said that there was increase of 250% in non-conventional energy capacity between 2014 and 2021. Even in the Union budget of 2022-23, there is allocation of USD 2.57 billion for PLI scheme to manufacture high quality solar modules. Moreover, the country has also started the Mission Innovation CleanTech Exchange that will spearhead new in innovations in the generation of clean energy.
Projections for future growth in clean energy
Authorities are crystal clear that India’s growing demand for energy will impel substantial jump in energy capacity. As per the estimates of Central Electricity Authority, the demand for energy will reach 817 GW by the end of 2030. Energy consumption demand will increase significantly in real estate and transport sectors. For example, electric vehicles will carry out most of the transportation work. In the near future, there will be heavy demand for these vehicles. Charging infra will also require massive investment. Top clean energy companies will take care of the investments in transport and real estate sectors.
With my extensive expertise and experience in renewable energy, I will be providing you with a list of top 5 renewable energy companies. These companies have positioned themselves for a big leap in the industry. Presently, they are getting lot of media attention. It is likely that you might be aware of some of the following companies:
List of Best Renewable Energy Companies
Tata Power Solar
Tata Power Solar Systems Ltd. has been set up by the Tata Group. There is no denying the fact that it is the largest integrated solar company in India. The company comprises of three different business segments:
- Manufacturing of solar cells and modules
- Engineering , procurement and construction
- Offering specialized solutions for different sectors
Being the leading renewable company, Tata Power Solar has become the most popular brand for providing comprehensive renewable power solutions in sectors such as telecom, healthcare, banking, education and so on. It is active in rural as well as urban areas. Presently, the Tata Group Company has generation capacity of around 12.8 GW. And the company is generating 3.9 GW from renewable resources. However, the company has a mission of generating 80% of power from the non-conventional sources by the end of 2030.
Suzlon Energy
Suzlon Energy is a pioneering company in the field of generating renewable energy. It provides comprehensive package of customizable and specialized solutions for installing and operating wind energy projects. The leading renewable energy company has world-class expertise in designing and manufacturing wind turbine generators (WTGs). It delivers wind energy projects in 19 countries from six continents. It has got the largest wind energy capacity in India standing at 13.14 GW. Revenue of the company for FY22 is around INR 6,603.97 crore.
ReNew Power
ReNew Power Ventures is one of the leading companies in the non-conventional energy domain. The company has ambitious plant of generating over 10,000 MW of power in five years. Presently, it has installed capacity of 8.65 GW through its wind and solar power projects. Established in 2011, the company started providing power from its 1st project with capacity of 25.20 MW from Jasdan, Gujarat. The energy company provides power to state electricity boards and large industrial firms in India.
Shell
Shell is an international energy brand that has now entered the Indian market. Already, it is one of the leading renewable energy companies in India. It is a multi-national company which operates businesses in over 70 countries. The energy giant undertakes projects to develop bio-fuels which use renewable sources and are sustainable. Moreover, it is famous for carrying out extensive research in the field of clean energy. They earmark significant part of their budget for R & D activities. Also, they spend considerable sums on developing convertible strategies to increase production. It is highly likely that it will emerge as a top consultant for renewable energy in the near future.
Adani Renewables
The Adani Group is also sourcing high-throughput medical oxygen plant and oxygen concentrators. Adani Renewables has big ambitions as it aims to become a leader in renewable energy sector by 2030. In line with its future plans, the company has acquired INOX WIND and ESSEL GROUP. No denying, the acquisitions have significantly increased the installed capacity of the company. The acquisitions will help the company to position itself as the leader in the sector. Moreover, it is working to enhance its current capacity of 2.5 GW to 18 GW by 2025.