New Delhi, Feb. 27 -- India's commercial and industrial (C&I) renewable energy capacity is projected to increase to 57 GW by FY28 from around 40 GW expected by FY26, adding 17 GW in two years, according to Crisil Ratings.

The growth is being driven by corporate decarbonisation goals and tariff advantages over grid power.

Crisil said expansion will be supported by competitive long-term power purchase agreement (PPA) tariffs, corporate net-zero commitments, renewable purchase obligations (RPOs), attractive developer returns and strong counterparty credit profiles.

Policy Push and Cost Advantage

The C&I segment, India's largest electricity-consuming block, has gained momentum following the Green Energy Open Access (GEOA) Rules, 2022, whi...