New Delhi, March 09, 2026: The Sustainable Projects Developers Association (SPDA) recently hosted its Annual Meet in New Delhi, bringing together policymakers, industry leaders and stakeholders to discuss the current status of India’s renewable energy sector and outline priorities for its future growth. The event focused on strengthening collaboration, policy dialogue and sector development across the renewable energy ecosystem.
Addressing the gathering as Chief Guest, Shri Santosh Kumar Sarangi, IAS, Secretary, Ministry of New and Renewable Energy (MNRE), congratulated SPDA for its role in supporting the expansion of the renewable energy sector and highlighted the growing importance of clean energy in India’s development trajectory.
Shri Santosh Kumar Sarangi further said, “As India advances toward its vision of becoming a developed nation by 2047, sustaining economic growth above 7.5% will require significant expansion in manufacturing and electricity-intensive services such as AI, data centres and IoT. In this journey, reliable and clean energy will be indispensable.”
He noted that the Viksit Bharat mission envisions multi-dimensional growth in renewable energy, extending beyond utility-scale projects to include distributed renewable energy, green open access and prosumer-driven energy models supported by digital platforms and the India Energy Stack. He also highlighted the increasing role of rooftop solar, energy storage and peer-to-peer electricity trading in reshaping demand patterns.
Sarangi added that the evolving energy demand will require solutions beyond standalone solar and wind projects, with hybrid systems and storage-backed solutions gaining prominence. He also stressed the importance of transmission planning and technological integration to support efficient grid operations as renewable energy capacity expands.
He said, “India also holds significant potential in renewable manufacturing and project exports, especially in emerging markets. India’s clean energy transition is globally recognised, and industry platforms such as SPDA have played significant role in shaping such progress. The future of renewable energy in India is promising and dynamic, requiring continued adaptability, innovation and strong collaboration between policymakers and industry stakeholders.”
Speaking at the event, Shri Vineet Mittal, Chairman, SPDA and Chairman, Avaada Group, emphasised the execution capabilities of India’s renewable energy sector and the opportunities ahead.
Shri Vineet Mittal said, “India’s renewable energy sector has demonstrated strong execution capability, moving from projects measured in single-digit megawatts to consistently delivering capacity additions approaching 50 GW annually.”
He noted that the sector now supports nearly one million jobs and has progressed from being largely import-dependent to developing domestic manufacturing capacity in solar modules and cells. He also emphasised the need for deeper localisation across the renewable energy value chain, including critical balance-of-system components, to strengthen supply chain resilience and long-term energy security.
Mittal added that as India progresses toward its 500 GW non-fossil fuel capacity target, sustained demand creation, timely power purchase agreements and the large-scale deployment of hybrid and storage-backed renewable solutions will be critical.
The annual meet witnessed participation from leaders across the renewable energy value chain, including representatives from companies such as Purvah Green, Ocior, Avaada Energy, ACME, Waaree, Serentica, Azure, Aditya Birla, Essar, Sembcorp, Sunsure, RaysPower and Jindal India.
During the event, SPDA also elected Shri Sandeep Kashyap, CEO of Purvah Green Power Pvt. Ltd (RPSG Group), as the new President of the association for a one-year term.
SPDA also outlined its strategic roadmap focused on renewable energy expansion, green hydrogen and its derivatives, stronger policy advocacy and enhanced global engagement. Representing nearly 50 member companies across segments including solar, wind, hybrid energy, battery storage systems, pumped storage, green hydrogen and green ammonia, the association continues to advocate for policy reforms, manufacturing scale-up and infrastructure readiness to support India’s clean energy ambitions.
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