Organised by UBM India, the 6th Renewable Energy India 2012 Expo was the epicenter for deliberations on the potential of renewables in India. Held during 7-9 November 2012 at the international standard venue facility of the India Expo Center, Greater Noida (National Capital Region of Delhi), the event culminated with a call to the industry to step up innovations and leverage the multiple investment opportunities being created by the government. The expo played an important catalyst role in creating a common business forum for global and local stakeholders. Evolving the format of the expo with the changing dynamics of the industry, a diverse approach was adopted to promote financing required by the RE sector in India. A 3 day concurrent conference having 36 interactive sessions and 172 high profile speakers was the hub for knowledge exchange that widened the market insights of the attending delegates. Besides pre-arranging several business meetings, business interaction and meetings between project developers and funding communities were further facilitated through the “Investor Lounge” concept.
The vibrant expo forum attracted key stakeholders and leading industry stalwarts to network and tap new markets. 475 domestic and international exhibitors from 25 countries and 10,169 trade professionals comprising of 6,056 qualified buyers participated at the expo despite the challenges faced by the industry.
Commenting on his participation, Dr. Charlie Gay, President-Applied Solar, Applied Materials, Inc. said, “We are delighted to be associated with the 6thRenewable Energy India (REI) 2012 Expo. REI is a timely and meaningful forum providing an opportunity for key renewable energy stakeholders to share business success experiences which enable accelerated adoption of clean technologies on a global scale. I feel that the Government of India continues to set forth thoughtful policy that can maximize energy self-reliance across the country and around the world.”
Funding was identified as the biggest bottle-neck for the domestic solar industry, as foreign investments are, many a times, subject to condition of importing equipments from respective countries. Amongst the various key events held, the ‘CFO Conclave’ set the stage on the opening day with a discussion on defining the way forward towards adding 30,000MW in 13th five year plan (FY 2012-17). The panel explored various elements of policy, financing and power markets for the target to be achieved. Emphasis was placed on the clarity of goals set by the government and enforceability of policy measures such as Renewable Purchase Obligation (RPOs) to promote the solar energy sector in India.
Supporting the initiative, Mr. Deepak Gupta, Chairman – CREWA and Former Secretary, Ministry of New and Renewable Energy, Government of India during the inauguration said, “These are indeed exciting times for players in the renewable energy and energy efficiency sectors in the Asia-Pacific. We are at a point in which the political will to secure sustainable energy supplies and reduce energy-related carbon emissions has never been greater. Governments in the region are setting the agenda and direction for businesses to follow, creating a multitude of opportunities for energy organizations. 6th Renewable Energy Expo has been strategically positioned as a key platform to power the growth in these sectors,”
Considering collaboration with India, Dr Mari Pantsar Kallio , Director of Finnish Cleantech Strategy Council, Ministry of Employment & Economy, Government of Finland remarked during the inauguration that the Government of Finland is targeting to position itself as first country in Europe to get rid of coal-based energy by 2025. Similarly, Dr Vicky J Sharpe, President & CEO – Sustainable Development Technology Canada, Government of Canada highlighted the opportunities that could emanate through combined synergies between the two nations. While delivering the special address, she remarked that Canada is well poised for innovations in cleantech with 7% of its GDP linked to energy and 60% of its investments directed towards energy exploration.
The Industry White Paper – ‘Harnessing the Potential: the India Renewable Energy Story’ was prepared by the Knowledge Partner of the event – Ernst & Young India. While delivering the theme, Mr Sanjay Chakrabarti, Partner and Cleantech Sector Leader, Ernst &Young remarked that to an outsider India may not seem proactive in innovating clean technologies, but the issue is ‘not the ingenuity to come up with these technologies, but rather the lack of adequate funds available in the country to commercialize these solutions’.
The expo played host to several informative workshops conducted by L&T, Cleantech Finland & EBTC; Canadian High Commission; First Solar; Ecobuild; ASEAN, KOTRA etc as well as, offered a launch pad to WinWinD Power Energy Pvt. Ltd. for introducing WinWinD 3 model having hybrid turbine which is lighter, performs better and requires low maintenance.
6th Renewable Energy India expo reinforced its leading position by touching multitude aspects and comprehensively covering diverse sectors of renewables during the conference. Sessions on Wind Energy deliberated on developing, building and operationalizing Indian wind assets. Highlighting the challenges, Lead- Cleantech Advisory, Ernst & Young, Mr. Rupesh Agarwal, noted that the generation based incentives (GBI), which came to an end in March 2012, was the key driver that gave impetus to investments in wind energy, particularly the IPP model.
Speaking further, Mr. Sunil Jain- COO, Green Infra, said, “In addition to incentivizing the investors, the government needs to remove road blocks, such as the multiple approvals required to set up wind farms.”
Concurrently, a session on Geo-thermal Energy saw an impressive mix of speakers across industries, government bodies and academia. The session explored the current state of energy consumption and concerns around it. The session further touched upon the three applications of geo-thermal energy that is power generation, production of thermal water and driving sustainability.
The session on ‘Bio-mass: Driving Sustainable Development in Rural Communities’ began with Mr. Gupta stating that the development of the domestic bio-mass sector could transform the rural economy by increasing local employment and generating rural income. Lack of awareness of the immense potential of bio-mass in India was identified as one of the major challenges facing the industry.
The closing day of the expo played host to the ASEAN workshop steered by Prof. Dr. Christoph Menke on “Business opportunities for renewable energy in ASEAN countries”. He deliberated on the diverse market potential of ASEAN countries in promoting business of renewable energy and possibility of collaboration with their Indian counterparts. He candidly said that amongst the ASEAN region, Indonesia, Philippines, Vietnam and Thailand are escalating as a favourable country for business and trade of renewable energy.
The expo concluded with giving away of 2nd Youth Entrepreneurial Green Awards followed by an interactive Youth summit. As part of their CSR initiatives, the organisers invited Indian engineering youth to showcase innovative and scalable alternative energy projects to the global industry congregation present during the expo. An array of exciting display of theme on the exhibit floor made the event vibrant and engaging for general visitors. Booths on display by Waaree Energies; Rittal and Minda were felicitated as winners, while the MNRE, stall won accolades from many.
The event was actively supported by the Ministry of New & Renewable Energy, Government of India which has a robust growth target of 30GW of renewable energy generation by 2017. Laying significance to transmission and distribution of RE generation, Ministry of Power, Government of India also extended their support to the initiatives undertaken by UBM India.
Promoting a Democratic Industry Forum - UBM India is all set to host the 7th Renewable Energy India 2013 Expo from 12-14 September 2013 at the India Expo Center, Greater Noida (National Capital Region of Delhi). The forthcoming expo promises to unfold in an exciting format bringing all stakeholders, once again, at Asia’s biggest industry meet.
About UBM India: UBM India is a part of UBM plc which is a leading global business media company. UBM is the platform that brings the world’s buyers and sellers together at events, online, and in print, providing them with the information they need to do business successfully. The focus is on serving professional commercial communities, from doctors to game developers, from journalists to. For further details please visit the UBM India website, http://www.ubmindia.in.
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Sr. Project Marketing Manager
Renewable Energy Division