Biomass Market Anticipated to Reach INR 32,000 Cr By FY31
Biomass market in India is anticipated to attain Rs 32,000 crore by Fiscal Year 2030-31 aided by Government schemes along with investments from global green energy companies, as per a report.
March 04, 2023. By EI News Network
The launch of new schemes in the assistance of biomass cogeneration projects is performing an essential role in the potential additions of small biogas plants situated in remote and rural parts of India, according to the report, a technology-driven decision support organisation.
The Indian biomass market is captivating investments from global green energy organization.
There is fuelling demand for the distribution of clean and reliable power to businesses in India and biomass as a source of energy is remarkably play a crucial role in fulfilling the power demand.
Investments and contributions in the biomass ecosystem will avail an opportunity for firms to make climate-friendly decisions and step closer to the target of net-zero carbon emissions. With the laying investments, majors in the biomass energy ecosystem will enable to more eco-friendly alternatives to consumers which will assist in reaching the goal of a sustainable region.
The present availability of biomass in India is assessed around 750 MMT per annum and additional biomass presence is around 230 MMT every year.
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