India’s energy sector is going through a transformational phase, with a focus on renewable power sources.
As per a recent report by Economic Times, the largest thermal power plant in India is shifting towards renewable power to meet its power demands. This is a significant shift and is indicative of the potential that renewable power sources like solar and wind have in the country.
Advantages of shifting to renewable energies
Small business owners should take note of this shift and consider incorporating renewable power into their operations. Here are three reasons why:
● With the increasing cost of electricity in India, renewable power sources like solar and wind can help small businesses save money on their electricity bills. Solar energy, in particular, has seen a significant drop in prices over the years, making it an affordable option for small businesses.
● By using renewable power sources, small businesses can reduce their carbon footprint and contribute to a cleaner environment. This can have a positive impact on their brand image and help attract environmentally-conscious customers.
● The Indian government has been actively promoting renewable power and has set a target of achieving 175 GW of renewable power capacity by 2022. This presents an opportunity for small businesses to benefit from government subsidies and incentives for using renewable energy.
Other renewable energies
● In India, several solar companies offer a range of solar solutions for small businesses. These companies can help businesses assess their energy requirements and design customised solar solutions that can help them save money and reduce their carbon footprint.
● Wind power is another renewable power source that has immense potential in India. As per recent research, India has the fourth-largest installed wind power capacity in the world. Small businesses can explore wind power solutions to supplement their energy needs and contribute to a cleaner environment.
Benefits of working with solar companies
● According to studies, the Indian government aims to achieve 175 GW of renewable power capacity by 2022.
● As of June 2021, India’s renewable power capacity stood at 97 GW, with solar power accounting for the largest share of 41%.
● With the increasing focus on wind energy small businesses can benefit from working with solar firms in India and utilising the largest thermal power plant in the country.
● Solar power is becoming increasingly affordable, and businesses can save money by installing solar panels. The Business Standard reported that the cost of solar power in India has fallen by 80% in the last decade. By working with solar firms in India, businesses can take advantage of these cost savings and reduce their electricity bills.
● The Indian government offers tax incentives for businesses that use renewable power. By working with solar companies in India, businesses can take advantage of these incentives and reduce their tax liability.
● Solar power is a hygienic and renewable source of energy that does not create greenhouse gas emissions. By installing solar panels, businesses can reduce their carbon footprint and contribute to a cleaner environment.
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To learn more about how renewable energy can benefit your small business in India, visit our website at https://alfainfraprop.com. You can also reach out to us at info@alfainfraprop.com or call us at +91 22 42429999.