India’s biogas sector is going to attain a massive growth trajectory as it expects to pocket an investment of Rs 1,600 crore at the Renew Energy India Expo 2024. The event, scheduled to be held at the India Expo Centre in Greater Noida in Uttar Pradesh, will garner attention and interest from the industry as biogas is increasingly also forming the base of India’s energy future. Biogas is now not only an alternative power source that will feed the country, but this fuel source is also attractive because it can potentially replace nearly 7 percent of the country’s current fuel consumption.
Body: The biogas industry in India possesses vast potential that can annually generate up to 62 million metric tons of compressed biogas. Although currently, this industry makes a meager contribution of less than one percent to the energy mix, the future seems bright and constructive for this sector. IBA, representing biogas operators, manufacturers, and plant planners, says that REI EXPO 2024 would certainly act as a catalyst for promoting further growth, thereby attracting new investments and attention.
Three-day ‘REI Expo 2024′: One of India’s most prominent platforms, the three-day event will display a series of renewable energy technologies and innovations. The event will be there to show developments in other sectors, including bioenergy, solar power, wind energy, electric vehicles, and energy storage solutions. Biogas will dominate the Bio-Energy Pavilion, one of the sections that has received huge governmental ministry and key organizations’ support like the Ministry of New and Renewable Energy and the National Institute of Bioenergy.
The IBA has been quite hopeful that the expo will not only create awareness about biogas but lead to investments, which could potentially be very effective in creating real growth in the sector, significantly. Over 50,000 people are expected to attend the event, with an increased focus on renewable energy, especially bio-energy, as India continues on its journey toward achieving net zero emissions.
Over the years, the REI Expo has emerged as an imperative meeting place for stakeholders across the renewable energy space. The event will present companies with a platform to exhibit their latest technologies, products, and solutions while providing a backdrop of key discussions on the future of the energy landscape in India. This year’s expo is expected to see a 20 percent increase in participation from last year, increasing the growing momentum behind the biogas industry.
This is a lot of work, but biogas will be an important component of India’s energy mix in the times to come. Industry experts consider it a vital solution for the future. Escalation in awareness about sustainable sources of energy and government support will help this sector play a pivotal role in helping the country meet its renewed energy goals for 2030.
The heightened interest in biogas is in perfect sync with the greater commitment of India towards sustainability and curbing its carbon footprint. This sector is sure to attract domestic investors and international stakeholders who are keenly wanting to contribute to the nation’s renewable energy mission. In the days ahead, as the REI Expo unwinds, it is expected that a few new initiatives and investment commitments will be announced to drive forward the development of the biogas industry.
Conclusion: India’s biogas sector is now at a turning point with the REI Expo 2024, with an investment of approximately Rs 1,600 crore to energize the industry. Indeed, given India’s push for sustainable energy, biomass seems to be an integral part of the country’s efforts to reduce carbon emissions and consume fewer fuels. This is because, with government patronage and industry interest converging at the expo, the future of India’s biogas sector looks promising. This event is going to further cement India as a leader in innovations in renewable energy, induce considerable investments, and hasten the journey toward a greener future.
Source: PTI