Second edition of RenewX commences in Hyderabad

Industry platform for the renewable energy sector in South India by UBM India

Hyderabad, April 7^th 2017: UBM India, organisers of Renewable Energy India ( REI ) Expo launched the second edition of RenewX, a two day expo ( April 7-8 ) at Hitex, Hyderabad today. The expo witnessed a congregation of South India’s green economy community to discuss industry trends, challenges and market insights. It also served as an industry platform for organisations to capitalize and penetrate into the lucrative South Indian renewable energy market.

The inaugural ceremony of RenewX 2017 took place in the presence of key dignitaries  Sri Ajay Mishra, IAS, Chairman TNREDCL & Special Chief Secretary Energy ,Government of Telangana,

Shri A.Sudhakar Rao , VC & MD, Telangana New & Renewable Energy Development Corporation Limited, Mr. Shantanu Jaiswal, Bloomberg New Energy Finance, Mr. Yogesh Mudras, Managing Director, UBM India and Mr. Rajneesh Khattar, Group Director, UBM India  amidst an industry gathering.

The show brought together over 130 exhibitors that include manufacturers, EPCs, distributors and service providers. In its second edition, RenewX has grown in size and depth, attracting industry leaders and key exhibitors including Greenko Energy Projects Pvt Ltd, REC Solar,  Cleantech Solar Energy , Amplus Energy Solutions Pvt Ltd. , Zhuhai Gmee Solar Equipment Co., Ltd, MachinePulse Tech Pvt. Ltd, Oriano Clean Energy Pvt. Ltd. Avi Solar Energy Pvt. Ltd, Brij Encapsulants, Sileaf Pvt Ltd, Relyon Solar Pvt Ltd, Hero Future Energies, Phocos India Solar Pvt Ltd.; MECO Meters Pvt Ltd.; Vision Mechatronics Pvt. Ltd, Bergen Associates, Premier Solar Systems Pvt. Ltd, Premier Solar Powertech Pvt. Ltd, Archimedes Green Energys Pvt Ltd., Greenvision Technologies , Surana Solar Ltd.; Greentek India Pvt Ltd; Radite Energy; Solar Idea Pvt Ltd.; Nuevosol Energy Pvt. Ltd.; and RenewSys India Pvt Ltd., amongst others.

This year, the expo had a dedicated China Pavilion for the first time. Chinese companies such as  Sunworld Tech Corp, Ningbo Aike Electronic Technology Co. Ltd., GuangZhou Mango Energy Technology Co. Ltd, Shanghai Minjian Alu Co. Ltd, Taizhou Hangning Refrigeration Equipment Co.Ltd,  amongst others provided immense value addition and intelligence sharing for visitors.

RenewX 2017 is supported by central nodal agencies such as Solar Energy Corporation of India Limited (SECI), the Indian Renewable Energy Development Agency Ltd. (IREDA), Telangana New & Renewable Energy Development Corporation Ltd (TNREDCL) and the National Small Industries Corporation (NSIC).

Adjacent to the expo, a two day conference themed "Sourcing the Sun" was held, which highlighted the needs to integrate Renewable Energy into Business. The conference focused on the best solutions and practices that could lead to an increased integration of Clean Energy into businesses. The Conference attracted over 45 Speakers and over 150 Industry delegates, the key focus was to also include and invite Industry leaders from other industries and give them a overview of Solar Industry and its potential.

Day one of the expo also saw sessions on ‘Converting Curiosity into Demand’, ‘International Perspective on the Indian Solar Rooftop Market’, ‘Sunny Side Up’ (Where the Industry Leaders shared insights on the most pressing issues in the sector), ‘Today or Tomorrow?’ (A unique session which aimed at bringing the volley of questions from the project costs to tariffs to finance that has been on the minds of each customer and technical presentations).

Day Two will see sessions on ‘Third Party Financing: Game changer for achieving the Rooftop targets?’, ‘Walking the double-edged sword: Project Financing and Risk Management in the Indian Scenario’, ‘The Inflection Point: Manufacturing Trends to enhance the efficiency of PV Cells and Cost Optimisation, a presentation on ‘Financing RE projects in India’ along with insightful technical presentations.

Speaking at the inaugural session of RenewX 2017, Mr. Yogesh Mudras, Managing Director, UBM India said, “Renewable energy is key to India’s electrification plan. Providing clean energy security has been one of the challenges our country is facing despite being endowed with numerous non-conventional energy resources. The government’s ambitious goal of achieving 175 GW of renewable power in the country by 2022 has caught global interest and will offer massive investment opportunities across the value chain. Along with other states in South India, Telangana has been playing an active role in aggressively supporting solar energy and holds promise for the sector with its profitable and favourable government and industrial policies. Consequently, the sector in the region has seen an influx of international interest and in-turn, investments leading to the launch of major projects. Against this landscape, our second edition of RenewX intends to accelerate the growth of Renewable Energy Industry in South India and contribute to the country's sustainable economic development.”