Informa Markets in India will host the 15th Crystal edition of Asia’s largest expo in the RE space, the Renewable Energy India Expo 2022, from September 28 to 30 at India Expo Mart, Greater Noida, Delhi-NCR. The expo will expose the market potential of the renewable energy industry in India among the stakeholders, both domestic and international.
State-owned Solar Energy Corporation of India Ltd (SECI) traded more than 35 billion units (BU) of renewable energy power, a jump of over 59%, and earned a record revenue of Rs 10,000 crore in financial year 2022-23.
Nearly three decades later, however, the state stands as one of the worst performers in tapping renewable energy resources. In 2020–21, nearly 94% of electricity that West Bengal generates came from thermal power, whereas at the national level this share has come down to below 70%.
The adoption of green technology and renewable energy solutions is essential for developing countries to achieve sustainable development and address the challenges of climate change.
The move is expected to cut the cost of green hydrogen – hydrogen produced by splitting water using electricity from renewables – by a fifth.
New Delhi this year approved a 174.9 billion rupee incentive plan to promote green hydrogen in a bid to cut carbon dioxide emissions and become a major exporter in the sector.
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