Corporate investments in biomass energy projects are on the rise in India, signaling a growing commitment to sustainable development and renewable energy adoption. Leading industrial conglomerates and energy firms have announced multimillion-dollar investments in biomass power plants and biofuel refineries, leveraging India’s abundant agricultural residues and organic waste streams.
Mr. Akash Verma, CEO of GreenEnergy Solutions Ltd., underscored the strategic importance of biomass in India’s energy transition, citing its potential to mitigate climate change impacts and reduce dependency on fossil fuels. The company’s recent partnership with local farmers to establish biomass supply chains exemplifies the collaborative efforts underway to scale up biomass energy production nationwide.
The influx of private sector investments is expected to accelerate the deployment of advanced biomass technologies and create employment opportunities in rural communities, contributing to India’s ambitious renewable energy targets for 2030.
