The Way Ahead For Green Energy Startups

Nandini Mukherjee, Managing EditorIn India, the demand for energy has been growing at a rapid rate and is expected to soar in the coming years. With the right investments in green technologies, India is well positioned to achieve renewable energy targets. In fact, the pursuit of cleaner energy is playing a crucial role in enabling the country's transition to a fully sustainable energy system. The government has also taken several steps to induce foreign investment in this sector. It has indicated its commitment to promoting green energy by declaring an aggressive target of 450 GW of green energy capacity by 2030. It has backed this up by strengthening macroeconomic fundamentals, ensuring policy
stability and introducing several fiscal incentives.

Innovators across the world are creating new technologies and strategies to change how populations create and harness energy. Either by greatly optimizing current structures to be more sustainable and efficient, or creating entirely new sources, these startups are smart, creative, and deeply driven to help solve a global dilemma. Such green energy driven startups are seeking to produce environment-friendly products which would benefit the natural environment by adopting clean production technology and using harmless or less harmful new techniques, energy resources, and technology.

Witnessing the trends, we have come up with a list of "10 Best Green Energy Startups" in our upcoming edition. The list helps to take a look at the startups who are taking green initiatives to establish themselves as top contributors in this endeavour. India looks set to remain an attractive destination for investors in clean energy, with the government setting ambitious targets and pursuing several reforms to boost investor confidence. We also recommend you to read our cover story on Vihaan Solar Energy, a company that specialises in roof top solar setup for residential & commercial, street lighting and petrol pump setup!

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