The Indian renewable energy market is estimated to be worth over £10 billion this year. With an installed capacity of 2,700MW in 2010 the outlook is positive. It is expected that only 14% of India’s renewable energy resources have been tapped so far leaving a huge potential for future market growth.
Current incentives are impressive and India’s renewable energy sector has been rated fourth globally. So what is it that is moving the market at such a rapid pace and are there hurdles in the way of achieving the expected targets in this sector?
Government has currently set targets to double renewable energy capacity to 25GW in the next four years. This is in response to ambitious climate change targets and a need for energy security with energy shortages being a major nationwide issue. The current framework has created a ‘goldrush’ mentality in the industry opening doors to a wider range of companies interested in the industry. However, the wavering reliability of these incentive programmes does not currently provide the support necessary to encourage the lending rates akin to other leading renewable markets globally and adjustments must be considered.
Euromoney Energy Events' 4th REFF India will provide a stage for energy majors and developers to showcase their solutions on how the market should move forward. It will allow policy makers to review their strategies and financial players to explain their perspectives and goals for capital expenditure in this sector.
- Get involved in one of the most promising markets for renewables internationally
- Meet the people you need to further your business in a challenging climate
- Capitalise on market opportunities through shared knowledge and experiences
- Bring your project to fruition with the financial support you need
- Hear compelling arguments on future strategies for the sector from industry leaders
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