Indian biomass market anticipated to reach Rs 320 bn by FY31: Report
POWER & RENEWABLE ENERGY

Indian biomass market anticipated to reach Rs 320 bn by FY31: Report

According to a research, the Indian biomass market is anticipated to reach Rs 320 billion by FY 2030- 31 thanks to government initiatives and investments from international green energy businesses.

According to a report by 1Lattice, a technology-enabled decision support organisation, the introduction of new schemes in the support of biomass cogeneration projects is playing a critical role in the capacity expansions of small biogas plants located in distant and rural portions of India.

Global green energy businesses are making investments in the Indian biomass market. According to the report, there is an increasing need for businesses in India to have access to clean, dependable power, and biomass as an energy source is anticipated to play a critical role in satisfying this need.

“India currently has an installed capacity of 10.2 GW for biomass production and the biomass market in India is expected to reach Rs 32,000 crore by FY 31,” said Abhishek Maiti, Director of 1Lattice.

He added that organisations will have the chance to make climate-smart decisions and get the world closer to the goal of net-zero carbon emissions through investments and cooperation in the biomass energy ecosystem. By these investments, participants in the biomass energy ecosystem will be able to offer consumers more environmentally friendly options, aiding in the realisation of the objective of a sustainable society, he continued.

India currently has access to around 750 MMT of biomass annually, with an additional 230 MMT of surplus biomass available. India's installed biomass production capacity increased at a CAGR of 4%, reaching 10 GW in FY22. Government programmes that promote technologies for the best use of the nation's biomass resources include the biomass power & cogeneration programme and the revised strategy for biomass utilisation.

According to a research, the Indian biomass market is anticipated to reach Rs 320 billion by FY 2030- 31 thanks to government initiatives and investments from international green energy businesses. According to a report by 1Lattice, a technology-enabled decision support organisation, the introduction of new schemes in the support of biomass cogeneration projects is playing a critical role in the capacity expansions of small biogas plants located in distant and rural portions of India. Global green energy businesses are making investments in the Indian biomass market. According to the report, there is an increasing need for businesses in India to have access to clean, dependable power, and biomass as an energy source is anticipated to play a critical role in satisfying this need. “India currently has an installed capacity of 10.2 GW for biomass production and the biomass market in India is expected to reach Rs 32,000 crore by FY 31,” said Abhishek Maiti, Director of 1Lattice. He added that organisations will have the chance to make climate-smart decisions and get the world closer to the goal of net-zero carbon emissions through investments and cooperation in the biomass energy ecosystem. By these investments, participants in the biomass energy ecosystem will be able to offer consumers more environmentally friendly options, aiding in the realisation of the objective of a sustainable society, he continued. India currently has access to around 750 MMT of biomass annually, with an additional 230 MMT of surplus biomass available. India's installed biomass production capacity increased at a CAGR of 4%, reaching 10 GW in FY22. Government programmes that promote technologies for the best use of the nation's biomass resources include the biomass power & cogeneration programme and the revised strategy for biomass utilisation.

Next Story
Real Estate

Rethinking Slum Development

In July 2024, the Supreme Court directed the Bombay High Court to initiate suo motu proceedings to evaluate the implementation of the Maharashtra Slum Area (Improvement, Clearance and Redevelopment) Act.During the ensuing proceedings, the Division Bench of Justices expressed concern about the plight of slum dwellers, saying, “Merely because you are a slum dweller doesn’t mean that you are left to the discretion of developers. They end up with a pittance.” The Bench also noted that the buildings allocated to slum dwellers were akin to “vertical slums”. “The buildings are congested. ..

Next Story
Real Estate

Ring in the New!

Lighting:OLED (organic light emitting diode) panels such as those by Philips are the latest option in soft lighting fixtures that can be embedded into walls, ceilings or furniture, says Nilesh Sawant, Principal Architect, Nilesh Sawant Architect. “Being thin and flexible, they lend themselves well to different applications while delivering the energy-efficiency associated with LED technology.”And Sapna Aggarwal, Founder, ANSA Architecture & Interiors, says “Embedded light-emitting diodes can create a dreamy illumination, while dimmable LEDs are useful for allowing..

Next Story
Infrastructure Urban

Jhansi Library

The Jhansi Library, commissioned by the Jhansi Development Authority (JDA) under the Jhansi Smart City initiative and built by Bootes Impex, a net-zero construction-tech company. It is the first library in Asia to achieve EDGE (Excellence in Design for Greater Efficiencies) certification from the International Finance Corporation (IFC), a member of the World Bank Group. This milestone marks the library as India’s first and only net-zero library, aligning  with India’s Net-Zero Vision 2070.Sustainable designDeepak Rai, Managing Director, Bootes Impex, explains, “The project's vision ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000