What is Renewable Energy? Why is it necessary? What’s the benefit of it? Which Renewable Energy Companies In India help with it? Like these, numerous questions will arise in your head. This topic is broad, and its importance in everyone’s life is very considerable. It’s not just a matter of concern in India but at an international level, different summits were also organized that are joined by different nations.
Major Renewable Energies In India
Wind Power, Solar Power, and Biomass Power are some prominent resources of Renewable Energy in India. The Indian government and private institutes work in these industries, and India stands at the fourth-highest wind installed capacity in the world with a total of 52.66 Billion units in 2017-18. The National Institute of Wind Energy (NIWE) also contributed to this by connecting over 800 wind-monitoring stations all over India. In concern to Solar Power energy is controlled by using a variety of devices and is available for domestic and industrial use. India ranked in 5th position in Solar Energy Development with an increase of 11 times in the last years from 2.6 GW to 30 GW. The third type of energy is Biomass energy, and the government is dedicated to raising the share of non-fossil fuel in total power to 40% by 2030, and per year India produces 450-500 million tonnes of biomass. You can check the estimated growth of renewable energy in India, and let’s check out the Renewable energy companies in India.
List Of Top 5 Renewable Energy Companies In India
1) Ministry of New and Renewable Energy
Headquarters: New Delhi, India
Sector: Renewable Energy
It’s a government company, The Ministry of New and Renewable Energy (MNRE) got this name in 2006, established in 1922 as The Ministry of Non-Conventional Energy Sources and one of the best renewable energy companies in India. Till the 1970s sufficient resources are available but in 1981 the unexpected increment in the cost of oil was directed to the creation of a Commission for Additional Sources of Energy.
There are four objectives given by the NITI Aayog in the Draft of National Energy Policy to government authorities, accessibility at an affordable price, improved security and independence, greater sustainability, and economic growth and this is handled by Shree Raj Kumar Singh along with ministry objective of increasing shares of clean power to secure, affordable and equitable. The main thing is that government knows the harsh result of scarce resources and wants the fundamental concern of the country’s well-being.
2) TATA Power Renewable Energy
Headquarters: Mumbai, India
The number of employees: About 700
Sector: Solar and Wind Energy
This is one of the best renewable energy companies in India solely belongs to Tata Power Company Limited (TATA Power) and is also known as India’s most vast Integrated Power Utility directed by a Board of Directors and Key Management Personnel with expertise in power, technology, and finance. They operate 1839 MW substituting 907 MW of Wind Power and 932 Solar Power, and their goal is to create power growth organically and inorganically. More extensively, to gain 30-40% bring about the capacity of Tata Power from clean power sources. They develop, construct, and operate wind and solar power assets. They are expanding their plants in different states of India. Their wind project wins the award from Wind Farm at Dalot, Rajasthan for “Best Performing Project 2015”.
3) Indian Biogas Association
Headquarters: Haryana, India
The number of employees: Around 23
Sector: Biomass, Bioenergy, and Biofuels
One of the best renewable energy companies in India is IBA was established in 2011 and modified in 2015 for prospects via biogas. Well, IBA is also known as the Largest Biogas Network in India and contains specialists, advisors, cooperates, INGO-NGOs, and many more, and their slogan is ‘Propagating biogas sustainably.’
IBA is the only nationwide and proficient biogas association for operatives, producers, and detailers of biogas plants in India and they offer coaching manpower either online or on-site training which helps in increasing awareness of the sustainable growth of the industry. They have been collaborating nationally and internationally, MOU with the Skill Council for Green Jobs signed in October 2018 and an MOU with Gujarat Energy Research and Management Institute (GERMI) in 2018 that is working on advancing training and expanding the grid to support the same time cognition of the sustainable growth of the biogas sector.
4) ReNew Power
Headquarters: Gurugram, India
The number of employees: 1300+
Sector: Wind and Solar Energy
One of the best renewable energy companies in India is ReNew Power Private Limited which is expanding faster than the renewable industry in India and holds 10.32 GW of power, out of which 5.56 GW is active. Chairman Sumant Sinha founded ReNew Power in 2011 and by now, they operate in more than 110 utility-scale projects scattered across 8 states in India.
The investors are Canada Pension Plan Investment Boards, Goldman Sachs, JERA, Abu Dhabi Investment Authority, and Global Environment Fund, and they won numerous awards named as the Forbes India Leadership Award 2017 and the EY Entrepreneur of the Year Awards 2017 and many more.
5) Amplus Solar
Headquarters: Gurugram, India
The number of employees: 300+
Sector: Solar Energy
One of the best renewable energy companies in India is Amplus Solar demonstrates owning 800+ MW and has extended with 400+ projects at 275+ places. Amplus is a part of Petroliam Nasional Berhad Group (PETRONAS), Malaysia, and one of the biggest portfolios of distributed asset generation in India. They provide low-carbon energy solutions to industrial and commercial customers.
Their offices are in Bangalore, Kuala Lumpur, Mumbai, Pune, Bangkok, and Dubai and some projects are “Hindustan Aeronautics Limited” a first tracker solar project for an airport, Project “VEERA” the largest solar farm of 175 Mw in Karnataka, “Yamaha” the biggest captured solar rooftop manufacturer of 6 MW, Rapid Metro, Amazon, West Central Railway, and many more.
These are some of the best renewable energy companies in India that have a lot of contributions to generating renewable energy sources. They are representing India at a global level and helping different countries also. A major proportion of their profits are measured in the growth of the Indian GDP. Wasting things or using fewer items is not the solution for the long term using a sustainable method will help us out from this problem of scarce resources because these are not our ancestor’s property but the debt from the future generation that we are using. Think deeply about this topic and share your thoughts below and give your opinions about this. For more interesting topics visit our page.