The 1st Annual Renewable Energy Business Conference - India
Venue: Intercontinental The Grand
|Event Date/Time: Jan 19, 2009||End Date/Time: Jan 20, 2009|
|Registration Date: Jan 10, 2013|
|Early Registration Date: Oct 20, 2008|
Renewable Energy is now making a noticeable impact especially in the lives of rural masses. Simultaneously though, its use for urban and semi-urban applications is also growing by the day. The Indian Renewable Energy programme was amongst the first few such programmes to shape up globally. Since then, it has assumed respectable market leadership position in a few areas more so in wind energy, solar energy and bio energy.
Renewable energy is not just about environment, but also about energy security and self- reliance. State power utilities and distribution licensees have to pay more for renewable energy -- feed-in tariffs â€“ as compared to conventional sources of power. This is a necessary incentive to encourage investments in renewable energy.
According to Venture business research, investments by the private equity and venture capital community have quadrupled in the past two years, from $500 million to almost $2 billion this year so far. Today, India can well be identified as an energy guzzler. It is feared that by 2030, the country will import 94% of its petroleum requirement. Undoubtedly, renewable energy appears to be the most plausible option for the country to rely on.
India has become the world's third most attractive market for renewable energy, owing to excellent national and regional government support for both foreign and local investment in renewable technologies. The new RE policy of the Government of India (GOI) aimed at generating 10,000 MW through renewable and a non-conventional source by 2012 is expected to further boost the growth rate of this sector. The government also aims to achieve prevalence of 5% biodiesel by 2007 and 10% by 2010. The GOI has originated plans and strategies for major energy infrastructure developments as well.