R K Singh As India gradually moves towards cleaner and greener energy, it is pertinent to understand and explore how the contribution from renewables can be maximised and implemented most effectively. Business Today, along with Sterling and Wilson Renewable Energy, hosted the exclusive event 'Scripting a Renewable Future', to explore the challenges and opportunities of the clean energy ecosystem.
The event was attended by Minister of Power, New and Renewable Energy R K Singh, who will discuss how the country's transition to clean energy be accelerated. The event will be kickstarted by Amit Jain, Global CEO, Sterling and Wilson Renewable Energy Group, who will deliver the keynote address.
Mohit Bhargava Executive Director (Renewable Energy) & CEO, NTPC Renewable Energy Limited, N. Ramesh, Deputy Managing Director, India Exim Bank, Anish Mandal, Partner, Deloitte India, Raj Kumar Roy, MD & CEO, AMPYR Energy, Sunil Badesra, Country Head, Sungrow India Private Limited, Shilpa Urhekar, National Head - Domestic, Sterling and Wilson Renewable Energy Limited decoded the future trends in the energy transition. Khurshed Daruvala, Chairman, Sterling and Wilson Group spoke on how solar and cleantech can be leveraged for 'Atmanirbhar Bharat', while Amit Jain, Country Manager, ENGIE India & COO – Renewables, AMEA, Rahul Walawalkar, President & MD, CES (India) & President, India Energy Storage Alliance (IESA), Kapil Maheshwari, President - New Energy, Reliance Industries Limited, Anish De, Global Head – Energy, Natural Resources& Chemical (ENRC), KPMG India, and Rajneesh Shrotriya, CTO, Sterling and Wilson Renewable Energy Limited spoke about the next frontier in clean energy.
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"Many large companies are coming to India. So, one company not doing well or going under doesn't matter. SoftBank came here, they couldn't matter, they left. So, it doesn't matter," says R K Singh when asked if Adani crisis will affect green energy investments in the country.
For setting up 1 MW of solar in India, I need $600,000 (Rs 4.5 crore), which is lowest in the world. That's why green hydrogen will also be the cheapest, says R K Singh.
89% of world's known lithium reserves have been tied up with China. So, there's a supply chain problem, says R K Singh.
If developed countries had been serious about energy transition, they would have put in place more manufacturing capacity for storage and they would have added to the demand for storage and the volumes would have been much more and the prices would have come down, says R K Singh.
In 2019, when we carried out an assessment we had reduced our emissions intensity by 29% as against a target of 33% by 2030 and in 2023 it stands at 32% and now our new target for 2030 is 45%, says R K Singh.
Our rate of capacity addition has been one of the fastest in the world. We have emerged as one of the most attractive investment destinations for renewables. Every major fund in the world has invested in India and more are coming. We have built a huge ecosystem for renewables, says the Power Minister.
At COP21 in Paris, in 2015, we pledged that 40% of our energy will come from non-fossil fuels, which we achieved 9 years in advance in November 21, says R K Singh.
85% of the legacy carbon dioxide load is because of developed nations while India's contribution is only 3.4% evern though our population is 17.5%. On per capita basis, we are one of the lowest emitters in the world, says R K Singh, Minister of Power and New and Renewable Energy.
R K Singh, Minister of Power and New and Renewable Energy, will speak on "accelerating India's transition to clean energy".
Finance Minister accepted most of the industry's requests like viability gap funding for 4 gigawatt storage, immediate reduction for import duties for cells that can be used for both batteries and electric vehicles, says Rahul Walawalkar, President & MD, CES (India) & President, India Energy Storage Alliance (IESA).
Budget 2023 had a thrust on renewables, says Amit Jain, Country Manager, ENGIE India & COO – Renewables, AMEA
Amit Jain, Country Manager, ENGIE India & COO – Renewables, AMEA, Rahul Walawalkar, President & MD, CES (India) & President, India Energy Storage Alliance (IESA), Kapil Maheshwari, President - New Energy, Reliance Industries Limited, Anish De, Global Head – Energy, Natural Resources& Chemical (ENRC), KPMG India, and Rajneesh Shrotriya, CTO, Sterling and Wilson Renewable Energy Limited will discuss "Round-the-clock Renewable Energy: The next frontier.
Tariffs in Saudi Arabia are 80 paise to 1 rupee. In India, we are at Rs 2.3-Rs 2.6 but the capex per unit generated is still low in India, says Khurshed Daruvala, Chairman, Sterling and Wilson Group.
Everyone will make money through value chain, says Khurshed Daruvala, Chairman, Sterling and Wilson Group.
Khurshed Daruvala, Chairman, Sterling and Wilson Group will speak on how solar and cleantech can be leveraged for 'Atmanirbhar Bharat'.
People in Delhi want to drive all the way to Badrinath at 100 kmph. It's these high expecations of rail expansion and highways in the hill states that led to a Joshimath crisis, says N Ramesh, Deputy Managing Director, India Exim Bank.
Are we transitioning sustainable, equitably? There's a lot that can be done in the hill states but they need technologies that need mining, extraction, says Shilpa Urhekar, National Head - Domestic, Sterling and Wilson Renewable Energy Limited.
Budget 2023 has innovative approach of linking a state's borrowing capacity with reforms in discom efficiencies, says N Ramesh, Deputy Managing Director, India Exim Bank.
Lowest solar tariff is now Rs 1.99 an unit as against Rs 18 that was seen 5-6 years ago, says Sunil Badesra, Country Head, Sungrow India Private Limited.
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