UBM India, organisers of Renewable Energy India Expo (REI India) announced the second edition of RenewX, a two-day Renewable Energy trade expo on April 7 and 8, 2017 at the Hitex, Hyderabad after the stupendous success of its first edition. Through RenewX 2017, UBM India will provide an industry platform for organizations to capitalize and penetrate into the lucrative south Indian renewable energy market. The expo will witness a congregation of South India’s green economy community to discuss industry trends, challenges and market insights including the Indian regulatory framework.
Bringing together manufacturers, EPCs, distributors and service providers, RenewX 2017 has over 130 participating exhibitors striving to make a difference in the renewable energy domain. Chinese delegates will be present at this expo as well.
RenewX 2017 is supported by central nodal agencies such as Solar Energy Corporation of India Limited (SECI), the Indian Renewable Energy Development Agency Ltd. (IREDA), Telangana New & Renewable Energy Development Corporation Ltd (TNREDCL) and the National Small Industries Corporation (NSIC).
The announcement of the second edition of RenewX comes at a time when renewables continue to increasingly carve a bigger space in the country’s generation sphere, encouraged by government funding. Green power, for instance, is driving the growth in India’s electricity generation as the total installed solar capacity, including rooftop and off-grid projects, has crossed 10 gW, according to latest government and market data. On a pan Indian scale, while Tamil Nadu has the highest installed solar energy capacity, Andhra Pradesh and Telangana follow closely along with Rajasthan and Gujarat. The renewable energy sector has recently got a further impetus with the government announcing an ambitious scheme to double solar power generation capacity under the solar parks scheme to 40,000 megawatts (mW) by 2020, with Rs. 8,100 Crores assistance to fund 30% of the initial project cost of
developers. In 2017 itself, India is expected to add new solar capacity of 8-10 gW, a growth of 137% over last year, a recent report by Bridge To India, a green energy-focused consultant, indicated.
The expo will also hold a two day conference on “Sourcing the Sun” that will talk about integrating Renewables into business, and to find the best solutions and practices that can lead to increased integration of Clean Energy into businesses.
Speaking on the announcement, Mr.Yogesh Mudras, Managing Director, UBM India said, “Providing energy security to all citizens, more specifically through clean energy sources has been one of the challenges our country is facing despite huge renewable resource availability and potential. The government’s ambitious target of adding 175 GW of renewable power in the country by 2022, has created awareness about renewable energy in the country and will offer massive investment opportunities across the value chain. Telangana, since its establishment has been playing an active role in aggressively supporting solar energy. Along with other states in South India that are also promoting renewable energy, the region holds promise for the sector with its profitable and favourable government and industrial policies. The sector in the region has also been benefitted by investments leading to launch of major projects. After our successful 1st edition in 2015, we are all set for the second edition of RenewX in Hyderabad that aims to accelerate the growth of Renewable Energy Industry in South India and contribute to the country’s sustainable economic development.”