Solar and wind energy are now cheaper than coal across most of India. For Indian corporates, switching to renewable energy is no longer just about sustainability — it is a financially smart decision that reduces electricity bills, locks in predictable energy costs, and satisfies growing stakeholder expectations.
☀️ India's solar energy tariffs have fallen by over 90% in the last decade. At ₹2–₹3 per unit, solar is now India's cheapest source of electricity.
Three Main Pathways to Renewable Energy
Comparing Your Options
| Option | Upfront Cost | Savings | Best For |
|---|---|---|---|
| Rooftop Solar | Medium–High | High (long-term) | Factories, warehouses |
| Open Access PPA | Low | Medium | Large power consumers |
| Group Captive | Medium | High | Industrial clusters |
| RECs | Very Low | Low | ESG reporting only |
| Green Tariff | None | Low | Small businesses |
Financial Benefits Beyond Energy Savings
Transitioning to renewable energy unlocks access to green financing at preferential rates from banks and development finance institutions. The Reserve Bank of India has expanded its priority sector lending to include renewable energy projects, and international green bonds are increasingly available to Indian corporates with credible sustainability credentials.
Companies that can demonstrate renewable energy usage also gain a competitive advantage in global supply chains, where multinational buyers increasingly require suppliers to report and reduce Scope 3 emissions.
Getting Started
The first step is an energy audit to understand your consumption patterns, peak demand, and the technical feasibility of renewable options at your facilities. BEC provides comprehensive renewable energy transition advisory, from option evaluation and vendor selection to regulatory compliance and green financing support.
📞 Contact BEC today for a renewable energy feasibility study for your facilities. Start saving on electricity costs while meeting your sustainability goals.