Phonex Regen Technologies Private Limited

In their own words

The Wind Energy sector has recently surpassed a significant milestone of 1 Terawatt (TW) of installed capacity, a result of nearly four decades of relentless effort. As per industry projections, it is very likely that the next terawatt will be reached in less than ten years, which would be a significant ramp-up. The energy and climate policies being implemented by major economies worldwide, demonstrate a remarkable level of ambition and commitment to supporting Wind Energy and other Renewable Energy sources. These developments signal a promising future for the growth and advancement of Renewable Energy and Renewable Energy Technologies propelling the industry to redefine and forge innovative partnerships with governments, cities, communities, investors, and customers. India holds the fourth position in the world for Renewable Energy Installed capacity, including Large Hydro. It also ranks fourth in both Wind Power capacity and Solar Power capacity. India's announcement of its ambitious goals of installing 500 GW of non-fossil fuel capacity by 2030, achieving net-zero emissions by 2070 and meeting fifty percent of its electricity needs from Renewable Energy sources by 2030, marks a momentous milestone in the global effort against climate change. Within these goals MNRE (Ministry of New and Renewable Energy) has set a target of 100 GW of Wind Energy installations by 2030. There is also a huge potential of about 127 GW from offshore installations along the country’s 7,600 km long coastline. In May 2023, India's installed Renewable Energy capacity stood at 173.6 GW amounting to 41.4% of the overall installed power capacity in the country. Within Renewable Energy, the contribution of Wind Energy of over 42.8 GW currently stands at 24.6%. To meet India’s 500 GW Renewable Energy target and tackle the annual issue of fossil fuel demand- supply mismatch, the Ministry of Power has identified 81 thermal units which will replace coal with Renewable Energy generation by 2026. 100% FDI allowed in the power sector has boosted FDI inflow in this sector taking it to US $16.57 Billion between April-December 2022. Renewable Energy inherently has a transformative ripple effect throughout local industries and communities, with benefits far beyond its immediate impact. The switch to decentralised electricity generation is a game-changer, fostering a dynamic shift of power from urban centres to rural areas. This transformation has not only invigorated agriculture by improving availability and access to electricity but has also stimulated rural and micro economies. Increase in digitalisation and high-quality communications networks in these remote areas have connected hundreds of remote Indian villages to the world, redefining every aspect of their lives. In order to contribute to this global as well as Indian Energy demand. We, Phonex Regen Technologies Pvt. Ltd, plan to manufacture and trade Residential Purpose Wind Turbines, We mainly concentrate in rural as well as remote areas and facilitate them with electric power. Our product can also be utilize to support off-grid Solar plants to ensure uninterrupted green energy 24x7. We plan to export our products globally, mainly African Countries, South America, Australia and East Asian countries.

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