ReNew Invests Rs 20,000 Cr In Gujarat, Eyes Rs 1 Lakh Cr Investment Plan

In August 2026, ReNew invested around ₹20,000 crore in Gujarat so far and is continuing to expand its presence across clean energy and advanced manufacturing. The company is also preparing for significant investments across emerging sectors, including data centers, pumped hydro and green hydrogen, as it strengthens its position in India’s growing clean-energy economy.

The company has already established two manufacturing facilities at the Dholera Special Investment Region (DSIR), around 100 km from Ahmedabad. ReNew currently has around 2.5 GW of solar module manufacturing capacity and approximately 6 GW of solar cell manufacturing capacity. It is the first corporate to establish an operating factory in Dholera. The facilities are part of the company’s efforts to strengthen domestic manufacturing capabilities alongside its renewable power generation business.

ReNew also plans to scale up investments to between Rs 80,000 crore and Rs 1 lakh crore over the next few years across multiple sectors. The proposed investments will include data centers, renewable energy, pumped hydro, green hydrogen and other emerging businesses. The company has not provided a state-wise or sector-wise breakup of the proposed investment, leaving the potential allocation for Gujarat unclear. The planned spending also comes as ReNew seeks to diversify its clean-energy portfolio and expand into infrastructure segments linked to India’s energy transition.

Impact on the Chemical Market

Gujarat remains a vital growth hub for ReNew. Besides its renewable projects, the company has set up two large manufacturing plants at the Dholera Special Investment Region (DSIR), about 100 km from Ahmedabad. ReNew was among the first corporations to operate a manufacturing facility in Dholera. Currently, it has roughly 2.5 GW of solar module manufacturing capacity and around 6 GW of solar cell capacity. This manufacturing expansion supports India’s goals to boost domestic solar equipment production and cut reliance on imported clean-energy technologies.

These investments are also expected to encompass renewable energy, data centers, pumped hydro storage, green hydrogen, and other emerging sectors, with its expanding renewable energy assets, solar manufacturing facilities, and planned investments in next-generation energy infrastructure. The company will continue to optimize its role in India’s energy transition and clean-energy growth.

Impact on the Green Energy Certification Services Market

The global green energy certification services market expands with increasing investments in renewable energy, corporate ESG goals, and regulatory mandates for clean power sourcing. The market for green energy certification services is witnessing robust growth, driven by rising consumer demand for environmentally friendly products, the expansion of renewable energy sources, and increasing consumer awareness of climate change.

According to Precedence Research, the surge of corporate sustainability goals and net-zero ambitions is helping to create more opportunities for the growth of the market. Green certificates attract sustainability-linked investments and financing for new renewable energy projects. Companies are actively purchasing green energy certificates to offset emissions and align with global frameworks such as the Science Based Targets initiative (SBTi). Several key players in the green energy certification services market are also expanding their geographic presence through strategic initiatives, including acquisitions, collaborations, and new service launches. Companies all over the world are increasingly focusing on expanding their reach to meet the global demand for verifiable renewable energy use.

The integration of artificial intelligence is also significantly accelerating growth in the green energy certification services market by improving efficiency, reliability, and transparency all across the renewable energy value chain. 

Impact on the Solar Energy Systems Market

The global solar energy systems market size was USD 296.77 billion in 2025 and is expected to reach around USD 1192.55 billion by 2035, expanding at a CAGR of 14.92% from 2026 to 2035.

According to Precedence Research, the market for solar energy systems is expected to continue to grow in the upcoming period. Multiple governments are actively participating in programs and initiatives to boost the installation of solar energy systems in the industrial sector. Along with this, substantial support by governments in the form of subsidies and tax concessions acts as a growth factor for the market. Moreover, multiple players in the related field have started considering the solar power system business as a risk-free and affordable model of business.

Innovations in solar panel efficiencies and manufacturing methods are further continuing to lower costs for solar installations. These lower prices will continue to broaden the market of residential, commercial, and utility-scale consumers of solar energy, dramatically accelerating adoption rates around the globe. Regulatory support, including subsidies, tax credits, and renewable energy targets, sends a sign of confidence from the government and allows encouragement of investment in solar infrastructure. These incentives and policies are key factors in disrupting fossil fuels and pushing the shift towards clean energy.

Expert Opinion

Vikram Kapur, Group President – Commercial, Regulatory and New Business at ReNew, highlighted the company’s growth journey. ReNew began operations around 15 years ago, with one of its earliest projects located in Gujarat. The company’s first power project in the state was a 25.2 MW wind farm commissioned at Jasdan. Since then, ReNew has expanded rapidly and has grown into a company with an operational portfolio of around 20,000 MW. 
“ReNew started 15 years back. Coincidentally, our first project was a 20 MW project in Jasdan. We are now a 20,000 MW company,” Kapur added.