A few essential elements are in high demand, such as Efficiency, Security, Energy.
The Indian Government rolls in more plans with the best policies & schemes to
encourage the utilization of Renewable Energy. India has experienced rapid growth in the RE sector with the best favorable govt policies, steady flow of capital investments, and new technology development.
India's Vision - Prime Minister Narendra Modi aims to produce 175GW of clean energy by the end of 2022 March. Aiming by improving macroeconomic fundamentals. Ensuring stability in policy rankings in the International Bank's Ease of Doing Business. The Indian Renewable market in India is vast and well-diversified
Profitable option for Renewable Energy sector - The RE sector in India is a profitable option for foreign institutional investors (FII) when faced with decreasing profits. RE has also proven to be engaging over other sub-sectors of infrastructure, especially fossil fuel power generation, regarding cash flow fluctuations and profit margins, due to the rising costs of capital for fossil fuel plants.
These are the circumstances for numerous global funds who have entered the market or are in the early discussions about investing. It includes Singapore located GIC Holdings, Abu Dhabi Investment Authority, SoftBank, Brookfield, CPPIB, and CPDQ from Canada, ORIX (Japan), Sembcorp and APG (Holland), and many others other funds, all of which have chosen to make a bet on the India renewables sector.
The private equity divisions that are part of Goldman Sachs, JP Morgan, and Morgan Stanley have also entered the space, earning decent results and showing confidence in the sector.
Foreign investments - Prime Minister Narendra Modi approved the Production-Linked Incentive (PLI) Scheme in High-Efficiency Solar PV Modules to improve Manufacturing Capabilities and exports in India. 100% FDI is permitted on all renewable sources of power in India.
Renewable Purchase Obligation (RPO) is an agreement between the State Electricity Regulatory Commission to buy power from RE sources.
Green Energy Corridor is a complete scheme for removal & combination of the renewable energy (RE) capacity with USD 6.5 Bn investment to enable the flow of renewable energy into the national grid
Up to 100%, FDI is allowed under the automatic route for renewable energy generation and distribution projects.
Industry Trends - 100 smart city projects of Provision of rooftop solar & 10% renewable energy is compulsory, the Up-gradation and modernization of watermills including micro-hydro projects, 100,000 solar pumps needed for agriculture, plans to fix up Green energy corridor, intends to acquire 12600 km of inter-state and intra-state transmission lines are the major industry trends in RE in India.
MAJOR ONGOING SCHEMES in India to promote RE - Pradhan Mantri Kisan Urja Suraksha Evam Utthan Mahabhiyan (PM KUSUM) is one of the most important initiatives in the world to give clean energy to more than 3.5 million farmers by solarising their farming pumps. Rooftop Solar (RTS) Programme provided incentives and subsidies concerning residential, institutional, and social sectors.
Greening of Islands - The Government intends to completely transform Andaman and Nicobar, Lakshadweep islands to Green Energy, where energy shortages will be met using RE sources over 2021
Few Platforms Promoting Renewable Energy - Few notable platforms, such as news, support renewable energy by organizing B2B events. Top brands from the industry will showcase their range of products and services in the renewable energy sector, from Solar Energy, Wind Energy, Hydro Energy, Bio energy and Electric Vehicles.
The 5th edition of RenewX is taking place from 19 to 20 November at HITEX,
Hyderabad. The exhibition is open to the public for free.
You can schedule your visit in advance by pre-registering at https://bit.ly/3ExLIy6
* Source: https://www.ibef.org/industry/renewable-energy.aspx
