Solar and Wind Expansion Set to Trigger USD 10–15 Billion Land Investments by 2030: Colliers India
New Delhi, May 20, 2026: India’s renewable energy landscape is poised for massive expansion, with solar and wind capacity additions set to unlock USD 10–15 billion in land investments by 2030, according to a report by Colliers India titled ‘The Green shift: Renewable prioritization reshaping Indian real estate’. Supported by strong policy pushes and a federal target to reach 500 GW of non-fossil-based capacity by 2030, the country’s real estate sector—specifically land, industrial, and warehousing segments—is emerging as a core beneficiary of this transition, Colliers India said in a press release.
As of 2025, India’s installed renewable energy capacity stood at 251 GW, with non-fossil sources accounting for 51% of the existing capacity mix. Solar leads the installed base at 135.5 GW (54%), followed by onshore wind at 54.5 GW (22%). An additional 146 GW of renewable projects are currently under construction. Looking ahead to 2030, Colliers projects an estimated 270–300 GW of new solar and wind capacity additions, requiring nearly 7 lakh acres of land and attracting USD 110–120 billion in overall investments. Because land aggregation and acquisition typically comprise 10–12% of total project costs, this green energy scale-up presents substantial real estate entry points for private developers, construction firms, and institutional investors.
“India’s renewable energy capacity stands at 251 GW, and with another 270-300 GW of expected solar and wind energy additions by 2030, the sector is set to enter its next phase of accelerated growth. This scale-up will create significant opportunities for the real estate sector, particularly in land and industrial & warehousing segment. By 2030, solar and wind projects alone could require nearly 7 lakh acres of land, unlocking USD 10–15 billion of opportunity in land aggregation & acquisition. Most importantly, over the next few years, renewable energy will not only accelerate India’s decarbonization journey but also drive development of growth corridors and investment destinations, catalyzing long-term sustainable growth across the country.” says Badal Yagnik, CEO & Managing Director at Colliers India.
Simultaneously, manufacturing incentives and ultra-mega project developments are creating a surge in industrial and warehousing leasing by renewable energy Original Equipment Manufacturers (OEMs). Between 2021 and 2025, these OEMs recorded 6.1 million sq ft of Grade-A warehousing uptake across India’s top eight cities, with their share in overall industrial leasing climbing from 3% to 8%. Driven by the domestic production of solar PV modules, wind turbines, and battery storage solutions, annual OEM leasing is projected to hit 4–7 million sq ft by 2030, commanding 10–15% of India’s total industrial real estate demand.
“Over the last five years, annual leasing by renewable energy OEMs has surged nearly 4X times to around 3 million sq ft of industrial & warehousing space uptake in 2025. Chennai and Pune have emerged as the preferred cities, cumulatively accounting for almost two-thirds of the space uptake since 2021. By 2030, annual Grade A space uptake by these OEMs is likely to reach 4-7 million sq ft, accounting for 10-15% of the overall industrial & warehousing demand. This growth will be driven by rapid scaling up of domestic component manufacturing of solar PV modules, wind turbines, geothermal heating & cooling systems, battery storage solutions, semiconductors and other renewable energy components.” says Vimal Nadar, National Director & Head, Research, Colliers India.
The economic impacts of this green expansion are expected to cascade into broader real estate segments. As manufacturing units and Operations & Maintenance (O&M) centers establish footprints in tier-II and tier-III cities, the growth will stimulate localized demand for office spaces, training facilities, affordable housing, rental accommodations, and integrated industrial townships, structurally altering the country’s regional commercial corridors.
