Green Technologies

Green technologies are well known as environmental technology which helps us to recycle & purify water, efficiently manage waste, treat sewage properly and renew energy. Renewable energy gets continuously renewed and is generated from natural processes. Among them solar energy is most popular. Green Technologies is the 5th largest power generation portfolio and is also 5th largest wind energy producer. The plan is to produce around 20,000 MW of solar power by 2022. India ranks fifth largest power generation portfolio worldwide with a power generation capacity of 245 GW.

The current renewable energy contribution stands at 31.70 GW of the total installed capacity of 245 GW in the country. Wind energy is the largest renewable energy source in India. The Jawaharlal Nehru National Solar Mission aims to generate 20,000 MW of solar power by 2022, creating a positive environment among investors keen to tap into India’s potential. The country offers unlimited growth potential for the solar photovoltaic industry with vast potential for solar energy and is rapidly emerging as a major manufacturing hub for solar power plants. Wind energy accounts for nearly 70% (21.1 GW) of installed capacity, thereby making India the world’s fifth largest wind energy producer. The Government of India has set a capacity addition target of 30 GW, which will take the total renewable capacity to almost 55GW by the end of 2017. This includes 15 GW from wind power, 10 GW from solar power, 2.9 GW from biomass power and 2.1 GW from small hydro power.

Current foreign Investments

India’s vast untapped renewable energy resources like wind energy has installed capacity of 21.1 GW and an estimated potential of 102.8 GW. Small hydro has installed capacity of 3.8 GW and an estimated potential of 19.7 GW. Bio-power (including biomass and biogases co-generation) has an installed capacity of 4.1GW as opposed to an estimated potential of 22.5 GW. Solar power has installed capacity of 1.7 GW against the potential of 6 GW.

  • Vestas RRB India Ltd, a joint venture (JV) between world's leading wind power generator Vestas Group of Denmark and RRB of India, plans to invest over Rs 50-55 crores (around US$1million) over the next two years.
  • Adani Enterprises Ltd signed an agreement with US-based SunEdison Inc. to set up a joint venture that will build a solar photovoltaic manufacturing facility in Gujarat with an investment of around US$4 billion.
  • Urjas Energy Solutions Pvt Ltd has raised US$10 million in funding from Solidarity Venture Capital.

Government Initiatives and Future Plans

India is the fourth largest importer of oil and the sixth largest importer of petroleum products and LNG globally. The increased use of indigenous renewable resources is expected to reduce India’s dependence on expensive imported fossil fuels.

  • State Electricity Regulatory Commissions in Andhra Pradesh, Haryana, Punjab, Madhya Pradesh, Maharashtra, Rajasthan, Tamil Nadu, Gujarat, Kerala, Punjab, Orissa and West Bengal have announced preferential tariffs for purchase of power from wind power projects.
  • Allocation of INR 5 Billion towards the proposed ultra-mega solar power projects in Rajasthan, Gujarat, Tamil Nadu and Ladakh in J&K which includes an allocation of INR 4 Billion for launching a scheme for solar power driven agricultural pump sets and water pumping stations for energizing 100,000 pumps and a future allocation of INR 1 Billion for the development of 1 MW solar parks on the banks of canals.
  • A 10-year income tax holiday and concessional customs duty and excise duty exemption for machinery and components during the setting up of the project. Financial assistance from IREDA for setting up of biomass power and biogases co-generation related projects.
  • The Gujarat Solar Park also makes special provisions for encouraging on-site manufacturing facilities to provide equipment to projects coming up within the park as well as adequate repairs, maintenance and skilled manpower to service projects within the park.
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