It Makes Good Economic Sense To Invest In Clean Energy
A Bloomberg New Energy Finance report stated that India is making strides on clean energy targets and is on track to install 10GW of renewables per year from 2017 onwards. The Ministry of New and Renewable Energy (MNRE), said that it had already surpassed 50GW of deployment. “India is absolutely committed to renewable energy targets and clean energy growth and nothing will stop that,” said Piyush Goyal, Minister of state for Power, Coal, New and Renewable Energy and Mines. [Disclosure: This post has been generously sponsored by Renewable Energy World India.]
Vinjay Rustag, Managing Director of Bridge to India, said “When you talk to major international investors about the Indian renewables sector, the fundamentals for the sector are compelling.”
“When you look at the imperative to reduce carbon emissions, the growing power demand, the desire to reduce energy costs, as well to provide power to people 24/7 across India, the fundamentals are so strong that we see a strongly growing renewable power sector for one or two or more decades in the future. said Rustag.
Tim Buckley, a Director at the Institute for Energy Economics and Financial Analysis said “Goyal has put forward an energy plan that is commercially viable and commercially justified without subsidies, so you have big global corporations and utilities committing to it.”
India has received an influx of investment from the domestic and international private sectors, including:
- The Asian Development Bank (ADB) has approved a $175 million loan to the Power Grid Corporation of India Limited to help India diversify its power mix by increasing its supply of clean energy
- The International Finance Corporation has invested $5 billion in a 3GW renewables portfolio
- $20bn from Japan’s Softbank for partnerships with Taiwanese company Foxconn and Indian business group Bharti Enterprises.
- EDF announced $2bn in Indian renewable energy projects
- Renew Power received $390 million to finance 700MW of new wind and solar capacity
As India moves decisively towards renewables for future generation, now is the time to make connections in India’s renewable energy sector. Renewable Energy World India conference and exhibition is the platform for industry experts to exchange knowledge and showcase new renewable energy technology developments that will ultimately help transform India’s power generation system into one that is low carbon.
Under the patronage of the Ministry of New and Renewable Energy, the event will provide the opportunity to make long lasting business connections with high-level dignitaries, officials and executive management from government, utilities and private enterprises from India and around the world.
Renewable Energy World India has also received support from the National Solar Energy Federation of India (NSEFI), Solar Energy Corporation of India (SECI), Indian Renewable Energy Development Agency (IREDA), Association of Renewable Energy Agencies of States (AREAS), Indian Wind Energy Association and other key associations.
The conference, organized by PennWell Corporation, will feature a wide range of global experts who will come together to discuss how the greater use of renewables can be successfully achieved and sustained. The long-term success of renewable energy is clearly interlinked with protecting the stability of the grid, which is why energy storage is a key issue for the Indian energy sector. It is these ideas, among others, that will be explored in the conference program.
“Storage is relatively more crucial for the growth of renewables in India as compared to many other countries, as India does not have a lot of gas-based power generation to balance the grid,” said Jasmeet Khurana, Associate Director, Bridge to India.
Key Conference Sessions:
Energy Storage & Greater Renewable Energy Integration
A Practical Approach to Storage Optimisation and Hydro Scheduling in Mixed Market Environment for Distribution Utility Owned Generation Stations
KSEBL (Kerala State Electricity Board Ltd), India
Pumped Hydro Storage: The Best Possible Electrical Energy Storage Media in India
Damodar Valley Corporation, India
Focus on Microgrids
Cellular Grid-Design: Micro-Grids taking over Service Functions within the Central Grid
Smart Hydro, Germany
Decision Support and Forecasting Tool for Microgrid Management
DNV-GL, The Netherlands
Design of Battery Storage System for Microgrid
B&V, India
Paving the Way for an Energy-Independent India – A Stone Edge Farm Microgrid Vision
Wooster Energy, USA
The conference will also have a special panel discussion session entitled Examining the Policy Roadmap for the 175 GW, 2022 Target, which will bring together key industry stakeholders from government, finance, project development and market analysts.
Many companies traditionally focused on conventional power are recognizing the rapid growth and opportunities in renewable energy. The exhibition is co-located with the 16th annual POWER-GEN India & Central Asia, which gives attendees the opportunity to access leading exhibiting companies from right across the power industry sector. Visitors can pre-register online for free.
Renewable Energy World India will take place on the 17-19 May 2017 at the Pragati Maidan in New Delhi. It is the must attend event for all industry professional tasked with diversifying India’s energy mix.
For more information on how to participate as attendee, please visit www.renewableenergyworldindia.com
For editorial enquiries please contact:
Ella Coulson, Marketing Manager II, PennWell Corporation
T: +44 1992 656 652; email: ellac@pennwell.com
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