all new energy sources…
About The Event
1st Edition of AFEV 2023 – Alternate Future Energies, Equipment & Electric Vehicles Exhibition will be a leading exhibition for the New Energy and Electric Vehicle sector in India.
An Ideal Platform for display and launches of new initiatives, machinery products and technologies, establishing joint ventures, developing and renewing international and regional contacts.
International Participation of industry leaders is expected from Asia, Australia, Africa, America and Europe.
Participation of leading Indian States and PSU’s, Large Corporates and Small and Medium Organisations.
With decrease in thermal resources, the next step is to find alternate sources of energy to meet the increasing electricity demand of the country.
AFEV aims to create an opportunity for industries of India to share ideas/ innovations and explore new possibilities of energy generation, distribution and consumption in a greener and sustainable way.
- A transition to clean energy is a huge economic opportunity and India is reaching the top five countries of the world in terms of alternate and renewable energy sources.
- The primary objective for exploring alternate energy in India is to advance economic development, improve energy security, improve access to energy, and mitigate climate change.
- India has achieved the target of 40% of its installed electricity capacity from non-fossil energy sources in November 2021. The country’s installed Renewable Energy (RE) capacity in November 2021 stands at 150.05 GW while its nuclear energy based installed electricity capacity stands at 6.78 GW.Government of India had set a target of 1,75,000 MW installed capacity from renewable sources by the year 2022 which includes 1,00,000 MW from Solar, 60,000 MW from Wind, 10,000 MW from Biomass and 5000 MW from Small Hydro.
- The electric vehicle industry in India is picking pace with 100% FDI possible, new manufacturing hubs, and increased push to improving charging infrastructure.
- India launched the Mission Innovation CleanTech Exchange, a global initiative that will help accelerate clean energy innovation.
- In fiscal year 2020, around 1.48 terawatt hours of electricity were generated from renewable energy sources across West Bengal, India.
- Of the total installed power capacity, thermal power contributed 8,183.83 MW, hydropower 1,248.30 MW and 131.71 MW by other renewable power sources.
- West Bengal, has an estimated potential of generating 2,206 MW (excluding solar) of electricity from RE sources.
- The State Government is also exploring investment opportunities in the automobile sector in the manufacturing of cars, trucks, etc. and in auto parts, auto ancillaries, transmission, shock absorbers, steering, engine and engine parts.
- To improve rural electrification, under the ‘Deendayal Upadhyaya Gram JyotiYojana', 18 new projects worth US$ 707 million were sanctioned.
- West Bengal Renewable Energy Development Agency, implemented large number of programs related to solar energy, wind energy, mini & microhydro, bio-energy, etc.
- Ministry of Power has undertaken 9 High Impact Power projects (10 no. of transmission lines) spanning over 6 RE rich States under PM Gati Shakti National Master Plan.
- Federal subsidies and policy favoring deeper discounts for Indian-made electric two-wheelers as well as a boost for localized ACC battery storage production are other growth drivers for the Indian EV industry.
- Hydropower projects including Renukaji Dam project, Luhri Stage 1 Hydro Power Project, Dhaulasidh Hydro Power Project and Sawra-Kuddu Hydro Power Project are worth over INR 11,000 crore.
- As on 30.11.2021, 52 solar parks have been sanctioned with a cumulative capacity of 37.92 GW in 14 states Union Minister of Power and MNRE has approved new 23 Inter State Transmission System Projects (ISTS) with an estimated cost of INR 15,893 crore.
- A Letter of Intent between India and Australia on New and Renewable Energy Technology was signed to pave the way for working towards reducing the cost of new and renewable energy technologies and scaling up deployment in order to accelerate global emissions reduction.
- India offers a great opportunity for investments in RE sector; USD 196.98 bn worth of projects underway in India.