- This event has passed.
October 4, 2018 @ 2:30 pm - 4:00 pm
GPMDG at #REINVEST2018 Technical Session: Corporate Renewable Energy Buyers’ Roundtable
In February 2015, the Government of India set the target to install 175GW renewable energy (RE) capacity by 2022. The objectives are to enhance national energy security by expanding and diversifying the fuel mix; drive sustainable economic growth and ensure that development is aligned with India’s clean energy commitments.
Proactive policies, strong investor sentiment, cohesive public and private sector participation, sharp decrease in costs, and support from the states has more than doubled India’s installed RE capacity from 34GW to 72GW between March 2015 to date.
In parallel, transparent competitive bidding for solar and wind projects by state governments in coordination with national nodal agencies have been well-received by the industry. RE tariffs dropped to historic lows in 2017, reaching grid parity with domestic coal, the traditional mainstay of India’s power sector. Commercial viability of RE has supplemented its advantage as a green energy, strengthening the business case for its adoption. However, large-scale grid integration of RE needs major improvements
in infrastructure, grid-management technologies, storage, tariff systems, and consumer services.
The moderated panel discussion will cover policies and strategies to build a corporate buyers’ market for India’s targeted 175GW RE capacity by 2022 by exploring buyer expectations, challenges and solutions, international success stories, and requirements to scale up, including infrastructure, financing and skills management.