Biomass market in India to be worth Rs 32,000 crore by 2030-31: Report
[ad_1]
copy photo
google creative commons
The launch of new schemes in support of biomass co-generation projects is playing a significant role in increasing the capacity of small biogas plants located in remote and rural parts of India, reports 1-LATTICE, a technology-enabled decision support organisation. .
The biomass market in India is expected to reach Rs 32,000 crore by FY 2030-31 due to government schemes and investments from global green energy companies. This information has been given in a report. The launch of new schemes in support of biomass co-generation projects is playing a significant role in increasing the capacity of small biogas plants located in remote and rural parts of India, reports 1-LATTICE, a technology-enabled decision support organisation. .
The Indian biomass market is attracting investments from global green energy companies. The report pointed out that there is a growing demand for clean and reliable power supply for businesses in India and biomass as a source of energy is expected to play a significant role in meeting the power demand.
“India currently has an installed capacity of 10.2 GW for biomass generation and the biomass market in India is expected to reach Rs 32,000 crore by FY 2030-31,” Abhishek Maity, director, 1-Lattice, said in the statement. He also said that investment and collaboration in the biomass energy ecosystem will provide organizations with the opportunity to make climate-smart decisions and move the world closer to the goal of net-zero carbon emissions.
Disclaimer:IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
other news
[ad_2]
Source link
