APRIL 20214 Vol 7 · Issue 05 - 02 · April, 2021 Publisher Alok Chaturvedi Special Editor Rachita Sharma Editorial Team Aparna Roy Monica Pallavi J Likhith Aradhya Samrat Pradhan Subhadarshini Mohanty Rakesh P Komal Banchhor Abantika Bhattacharjee Sales & Marketing Ravi Kumar C S Sonia Editorial Queries startupcity@siliconindia.com To subscribe Visit: www.siliconindia.com/subscribe/ Cover price is ` 150 per issue.Printed and Published By Alok Chaturvedi on behalf of SiliconMedia Technologies Pvt Ltd and Printed at Precision Fototype Services at Sri Sabari Shopping Complex, 24 Residency Road Bangalore-560025 and Published At No. 124, 2nd Floor, Surya Chambers, Old Airport Road, Murugeshpalya, Bangalore-560017. Editor Alok ChaturvediCopyright © 2021 SiliconMedia Technologies Pvt Ltd, All rights reserved. Reproduction in whole or part of any text, photography or illustrations without written permission from the publisher is prohibited. The publisher assumes no responsibility for unsolicited manuscripts, photographs or illustrations. Views and opinions expressed in this publication are not necessarily those of the magazine and accordingly, no liability is assumed by the publisher.Green energy has been a central theme in India's quest towards a sustainable future. The Indian renewable energy sector has become the fourth most attractive renewable energy market globally. The country currently standson the fifth rank globally in terms of wind power, fifth in solar power and fourth in renewable power installed capacity, as of 2019.Expected to grow at a CAGR of 17.33 percent between FY16-20, the country's total installed renewable power generation capacity has gained massive momentum. An amalgamation of the Indian Government's increased support and improved economics has provided a massive push to the sector. India is gradually moving towards becoming self-sufficient in terms of energy demand, which is expected to reach 15,820 TWh by 2040, renewable energy is set to play an important role. The Indian government is aiming to achieve 227 GW of renewable energy capacity (including 114 GW of solar Icapacity addition and 67 GW of wind power capacity) by 2022, more than its 175 GW target as per the Paris Agreement. The target is to reach renewable energy capacity of 500 GW by 2030. With a potential capacity of 363 GW and with policies focused on the renewable energy sector, Northern India is expected to become the hub for renewable energy in India.According to the data released by Department for Promotion of Industry and Internal Trade (DPIIT), FDI inflow in the Indian non-conventional energy sector stood at $ 9.68 billion between April 2000 and September 2020. More than US$ 42 billion has been invested in India's renewable energy sector since 2014. With increased investment, the number of startups in the sector have also seen a sharp rise. Irrespective of the sector, a host of innovative startups have sprung up. The current edition of StartupCity shines the spotlight on startups in the green energy sector. Do let us know your thoughts Rachita SharmaSpecial EditorMassive Investment Activity Gives Push to Indian Renewable Energy Sector EDITOR'S NOTEVisualisers Karthik K J Dennis Bennito siliconindiasales@startupcity.comGroup Art Director Ashok KumarCirculation Manager Magendran PerumalSr. Manager Sales & Marketing Virupakshi Pattar
< Page 3 | Page 5 >