An increasing awareness for environment sustainability, the supportive policies of the government and rising demand for clean energy solutions have contributed to an exponential growth of the green energy consulting market in India. Given India’s intention to reach 500 GW of renewable energy capacity by 2030, green energy consultants have become significant for guiding businesses, government bodies and residential consumers to navigate the complexities of a renewable energy project. Companies increasingly want these services in order to fulfill their environmental, social, and governance (ESG) goals. The pressure to comply with the government’s mandates on carbon emissions has also driven demand for expert advice on sustainable energy transition. Businesses are increasingly being helped to turn to the benefits of solar, wind, biomass and hydro energy through the green transition, thanks to consultants.
In this sector, the Indian government has played an important role, reaching out with National Solar Mission, incentives for rooftop solar installations and subsidies for renewable projects. Second, state specific renewable energy policies and favorable tariff structures have made green energy projects financially feasible. In addition to helping clients secure these subsidies, consultants are helping clients navigate the complex regulatory landscape that makes it difficult for businesses to do it without expert assistance. A central driver of expansion is the falling price of renewable energy relative to traditional energy sources. Renewable energy has become more viable for wider range of industries and sectors because as technology advances, economies of scale reduce the cost.
In this special issue, we introduce you to the top companies in this segment. Industry Outlook has identified the select few companies that have done particularly well in this sector with a high level of dedication. We have found that these companies have gone the extra mile in proving their commitment to meet the customer needs in an integrated manner.
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