Renewable energy is energy that is collected from renewable resources, which are naturally replenished on a human timescale, such as sunlight, wind, rain, tides, waves, and geothermal heat.Renewable energy often provides energy in four important areas: electricity generation, air and water heating/cooling, transportation, and rural (off-grid) energy services.
Indian Government has launched the ambitious Renewable Energy target of 170 GW (100 GW Solar PV and 70GW Wind) of additional capacity by 2022 almost 40% of which is targeted to come from distributed generation in a mini grid/micro grid. This requires enormous capital, innovative technologies.
- Access to international financial institutions and investors that are looking to invest in such projects in India.
- Has access to technology companies which are looking to access the Indian market and manufacture in India
Source Wise Report in India
(Small Hydro Power, Biomass, Bagasse, Waste)
Renewable energy is derived from natural processes that are replenished constantly. In its various forms, it derives directly from the sun, or from heat generated deep within the earth. Included in the definition is electricity and heat generated from solar, wind, ocean, hydropower, biomass, geothermal resources, and biofuels and hydrogen derived from renewable resources.