India, Dec 10 : India’s renewable energy sector is set to play a pivotal role in the country’s journey towards a $30–35 trillion economy, with power demand projected to nearly triple by 2047, Aditya Birla Group director Aryaman Birla said.
“In line with our target of ~500 GW of non-fossil fuel capacity by 2030, more than half of India’s future energy needs will be met by renewables. This sector will power India’s growth story,” Birla stated in a LinkedIn post on December 10. He added that the rising demand from data centres, AI infrastructure, and digital expansion further underscores the urgency of reliable, clean energy solutions.
The comments follow the announcement that BlackRock’s Global Infrastructure Partners will invest Rs 3,000 crore in Aditya Birla Renewables Ltd, valuing the company at Rs 14,000 crore. This marks one of the largest primary investments for a minority stake in an Indian renewable platform.
Birla described the deal as a vote of confidence in the group’s vision to accelerate India’s renewable energy transition, aiming to scale its capacity to 10 GW in the coming years.
Aditya Birla Renewables, a wholly owned subsidiary of Grasim Industries Ltd, currently operates 4.3 GW of solar, hybrid, floating solar, and round-the-clock renewable projects across 10 states. The company plans to expand its footprint across all major renewable technologies, with a focus on utility-scale and Commercial & Industrial (C&I) projects, according to business head Jayant Dua.