5 Reasons Why You Should Look at Green Energy As Your Next Investment

Last Updated on Jun 30, 2023 by Ayushi Gangwar

India is the 3rd largest energy-consuming country in the world, already achieving its target of 40% installed electric capacity from non-fossil fuels. This industry is growing at a rapid pace, and it’s time to become a part of it. This is why we bring you the 5 reasons why Green Energy should be your next investment.

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1. Get tax exemptions with Green investments!

Remember the Union Budget when the government allocated a massive ₹35,000 crore for priority capital investments towards energy transition and net zero objectives. There are also some taxation amendments favouring green growth which are set up in place. These investments in priority capital, viability gap funding, interstate transmission systems, and the National Green Hydrogen Mission pave the way for India’s transition to a low-carbon intensity and green economy. You can align your investments with the government’s vision and tap into the potential of this thriving sector.

2. Green energy surges 12% while coal declines 8% in the last decade

India’s green energy sector has witnessed impressive growth in the past decade. The country’s renewable energy capacity reached 100 GW in 2021, surpassing traditional sources like coal. This milestone signifies a major shift in the energy landscape, with renewable sources surpassing traditional fossil fuel-based sources such as coal. This rapid growth in renewable energy capacity is a testament to India’s commitment to reducing its carbon footprint and embracing cleaner and more sustainable energy solutions.

3. India has the 4th largest installed capacity for Solar and Wind power

Among the various segments of green energy, solar and wind power have emerged as significant contributors. Solar and wind power have been the primary drivers of this expansion. The falling costs of renewable energy technologies have played a significant role, making them increasingly competitive. The Indian government’s favourable policies, including the National Solar Mission and National Wind Mission, have created a supportive environment for the sector. Solar energy, with an anticipated annual growth rate of 14%, is poised to revolutionise the energy sector. The declining costs of solar panels and technological advancements make solar energy increasingly affordable and accessible. Similarly, wind power is projected to reach an impressive value of $150 billion by 2026, as countries prioritise renewable energy. These factors, coupled with technological advancements and incentives, have attracted substantial domestic and foreign investments in India’s green energy sector, positioning it as a promising investment opportunity.

4. You have also considered buying EVs right? EV contribution in India is expected to grow from 4% to 30% by 2030

The global surge in electric vehicles (EVs) has garnered significant attention, with the EV market predicted to surpass a value of $800 billion by 2027. As countries commit to phasing out fossil fuel-powered vehicles, the demand for EVs continues to skyrocket. India is not behind on the action, affordable models and expanded charging infrastructure have driven this growth, even among luxury brands like Mercedes, BMW, Audi, and Volvo.

Tata Motors dominates the electric four-wheeler market, with first-time buyers from non-metro states like Bihar, Madhya Pradesh, Uttar Pradesh, and Andhra Pradesh choosing their Tiago EVs. Ather Energy reports 53% of their electric scooter sales come from non-metro centres.

5. 1.5$ Trillion Global Energy Market opens opportunities

The world is increasingly embracing green energy solutions to combat climate change and promote sustainability. This global trend presents significant opportunities for investors. By investing in the Green Energy smallcase, you gain exposure to a sector that aligns with global initiatives and stands at the forefront of sustainable development. Whether it’s solar power in sunny regions, wind power in windy areas, or EVs in countries prioritising clean transportation, the Green Energy smallcase allows you to participate in the global movement towards a greener future.

Investing in the Green Energy Smallcase provides a unique opportunity to align your financial goals with the global transition towards sustainable solutions. With the government’s focus on green growth, the past performance of the sector, the doubling down on solar, wind, and EVs, and the global embrace of green energy, the Green Energy Smallcase offers a compelling investment proposition. Take action now and join the Green Energy Avengers in shaping a better tomorrow.