India’s cement sector to invest $4 billion in 4-5 GW renewable energy by 2030

India’s cement sector plans to add 4-5 GW of renewable energy capacity by 2030, requiring an investment of over $4 billion, according to JMK Research. As of FY24, leading cement companies have already installed over 1,800 MW of renewable energy, with 58% coming from solar and wind. The report outlines distinct decarbonisation opportunities and challenges for integrated and grinding cement units. Grinding units, which purchase electricity from the state grid at high costs, present a…