South India, with its long coastlines, ample sunshine, and windswept hills, presents a golden opportunity for businesses in the renewable energy sector. With a focus on sustainability and clean energy, the region is witnessing a rapid expansion in solar, wind, and other renewable energy projects. This creates a dynamic landscape ripe for innovation and entrepreneurial ventures.
Telangana: A Shining Example
Telangana stands out as a champion of renewable energy. The state has set ambitious targets for renewable energy capacity addition and has implemented several key initiatives to achieve them.
• Telangana State Renewable Energy Development Corporation (TSREDCO): This government agency plays a crucial role in promoting and facilitating the development of renewable energy projects in the state. TSREDCO offers various incentives and subsidies to developers, including capital subsidies, net metering, and renewable purchase obligations (RPOs).
• Telangana Solar Power Policy 2020: This policy aims to achieve 10 GW of solar power capacity by 2024. It offers attractive incentives such as land acquisition assistance, single-window clearance, and a dedicated solar park.
• Telangana Wind Power Policy 2020: This policy aims to achieve 5 GW of wind power capacity by 2024. It offers incentives such as feed-in tariffs and land acquisition assistance.
• Telangana Energy Efficiency Policy 2018: This policy aims to reduce energy consumption in various sectors. It includes initiatives such as energy audits, demand-side management programs, and promotion of energy-efficient appliances.
A Thriving Ecosystem:
Southern India is not just geographically well-suited for renewable energy; it also boasts a vibrant ecosystem supporting its growth. Numerous research institutions, universities, and incubators provide technical expertise and foster innovation. Additionally, several government initiatives and policies are creating a favorable environment for renewable energy businesses.
RenewX: Your Gateway to Success in the Renewable Energy Market
As the renewable energy sector in Southern India flourishes, opportunities abound for businesses to contribute to a sustainable future. To capitalize on this growth potential, participating in industry events like RenewX, happening on April 26-27 in Hyderabad, is essential.
RenewX is the premier renewable energy trade show in South India, bringing together key stakeholders from the industry.
By participating at RenewX, businesses can:
• Discover the latest technologies and trends in the renewable energy sector.
• Connect with potential partners, investors, and customers.
• Showcase your products and services to a targeted audience.
• Participate in workshops and seminars to gain valuable insights.
• Learn about the latest government initiatives and incentives available in the region.
• Gain insights into the regulatory landscape and policy environment.
RenewX will equip businesses with the knowledge and connections they need to successfully navigate this dynamic market and contribute to a brighter, more sustainable future. For more details log on to www.renewx.in or write to Shantanu.baraskar.in@informa.com
