India, May 24 -- Renewable energy equipment manufacturers (OEMs) in India leased close to 6.1 million sq ft of Grade A industrial and warehousing space across the top eight cities between 2021 and 2025, increasing their share in overall leasing activity from 3% to 8% during the period. As solar and wind energy projects gain momentum, annual space absorption by renewable energy firms is expected to rise to 4-7 million sq ft by 2030, accounting for 10-15% of total industrial and warehousing demand, according to a Colliers India report.

The report said that solar and wind projects alone could require nearly 7 lakh acres of land by 2030, creating a $10-15 billion opportunity in land aggregation and acquisition.

"Over the last five years, an...