Renewable Energy Incubation Centres to encourage startups in solar and renewable energy sector will soon come up in Hyderabad, energy secretary Arvind Kumar has said.
“There is lot of scope and demand for startups in renewable energy sector. We get lot of queries from entrepreneurs seeking opportunities in renewable energy sector. To encourage new entrepreneurs and startups in this space, Telangana government has decided to launch renewable energy incubation centre in Hyderabad. We are working on modalities right now and will come up with centre soon,” said Arvind Kumar speaking at Renewable Energy Trade Show, RenewX 2015 here on Thursday.
To encourage startups in renewable energy space, Telangana government has also decided to enter into an Memorandum of Understanding (MoU) with University of Texas at Austin in United States.
“University of Texas (UT) at Austin is widely respected for incubation centre relating to renewable energy. Soon Telangana government will enter into a Memorandum of Understanding with University of Texas to train and guide startups in renewable energy sector. There are lot of opportunities for startups in solar and renewable energy sector in case of storage, transportation, installation of roof top solar appliances, among others. Many entrepreneurs are interested and will get opportunities. Therefore the state government is keen on encouraging startups in this space,” Arvind Kumar said.
The words of Arvind Kumar comes as music to the ears of new entrepreneurs in Telangana state, which accounts for more than 40 percent of the total solar generation capacity fixed by the Union government for the year 2015-16. While the Centre set up a target of 6,497 MW of solar power generation in the country, 2,500 MW of solar power projects are being set up in Telangana.
“Among 2,500 MW of solar power generation, already 515 MW of solar power genertaion is operational.
“Solar projects of the remaining 2,000 MW are in the process of tendering, commissioning and setting up stage. By March 2107 all the solar power projects will be completed as it takes about a year to 15 months for construction of solar projects,” Arvind Kumar said on the occasion.
Solar power manufacturers and traders from all parts of India have set up their stalls at RenewX 2015 and all those interested in solar power, either industries looking to switch to solar power or consumers or solar power equipment manufacturers and traders will find the expo interesting. The expo will be there till Friday.