1. The wind is another popular source of renewable energy.
  2. Wind energy can be generated with the help of wind turbines.
  3. The wind energy turns the turbine blades, which powers the electric generator and produces energy.
  4. As of September 30, 2020, the power capacity of wind energy was 30.124 GW.
  5. It’s installed power capacity is the fourth highest in the world.

Setting Up Wind Energy Business

  1. Setting up Wind turbines requires a lot of investment and research.
  2. The cost of setting up a windmill power plant runs into crores.
  3. Hence you will need a lot of capital investment.
  4. You will need to get your company registered under the companies act, get the necessary permits, and arrange for capital.

The Steps To Start Solar And Wind Energy Business

To start solar energy or a wind energy business in India, you will need to follow these steps:

Do Research

  • The first thing you need to do before starting any business is doing proper research.
  • Without proper research, your business is bound to fail.
  • You need to research the regulations, sourcing, investment, and many other requirements and needs regarding the business.

Make A Business Plan

  1. Once you have conducted comprehensive research about the needs and requirements of setting up the business, you will then have to make a building plan.
  2. Business planning is the most crucial exercise you need to undertake before starting any business.
  3. Many businesses fail because proper planning has not been done.
  4. If your business planning is good, then the chances of your business succeeding will be much higher.
  5. You can hire experts to make a business plan, as they can provide expertise.