India to Require $10-15 Billion Worth of Land Parcels for Solar and Wind Energy Projects by 2028: Colliers Analysis

India's Renewable Energy Ambitions: Land Requirements and Investment Projections

India is expected to require approximately 7 lakh acres of land parcels, valued at $10-15 billion, over the next five years to establish solar and wind energy projects, according to a recent report by Colliers India.

The report, titled 'The Green Shift: Renewable Prioritization Reshaping Indian Real Estate', highlights the significant growth in India's renewable energy capacity. In 2025, the country's installed renewable energy capacity stood at over 250 GW, a more than three-fold increase from around 80 GW in 2015. As of March 2026, the installed capacity from renewable fuel sources has reached around 275 GW.

Colliers India estimates that approximately 270-300 GW of solar and wind capacity additions will be achieved by 2030. The consultant forecasts that around 7 lakh acres will be needed for upcoming solar and wind projects in India by 2030, resulting in $10-15 billion of investments in land alone. During the 2026-2030 calendar years, more than 6.5 lakh acres would be required for solar projects, while the rest would be allocated for wind energy.

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The report notes that solar project costs in India typically range between Rs 3-4 crore per MW, while wind (onshore) projects require about Rs 8-9 crore per MW. With rapid advancements in domestic manufacturing capabilities, Colliers India expects India to comfortably achieve the 2030 target of 500 GW of renewable energy capacity.

The consultant's projections indicate that solar projects alone could potentially have an installed capacity of 400-450 GW by 2030. Furthermore, around $110-120 billion of investments can flow into the renewable energy sector in the next few years, with approximately 10-12 per cent of the project cost related to land and approvals.

As of now, around 146 GW of renewable energy projects are under-construction, with solar projects accounting for more than 60 per cent of this pipeline. The rapid expansion of renewable energy capacity is expected to create opportunities for India's real estate sector, particularly in land aggregation and renewable-focused industrial parks.

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The report highlights the significant growth in renewable energy OEMs (original equipment manufacturers) absorption of Grade A industrial & warehousing space across the top eight cities during the 2021-2025 period. Renewable energy OEMs registered around 6.1 million sq ft of Grade A industrial & warehousing space absorption during this period.

The rapid expansion of renewable energy capacity will not only accelerate India's decarbonisation journey but also drive development of growth corridors and investment destinations, catalysing long-term sustainable growth across the country.