Energy

‘India has potential to become clean energy capital of the world’

In a meeting with energy experts in the US, Narendra Modi gives an overview of India’s plans to achieve its renewable energy target by 2022

 
By Aruna Kumarankandath
Last Updated: Monday 28 September 2015

Technology integration, finance, regulatory frameworks and the right human resources were part of the discussion (Photo: Thinkstock)

Prime Minister Narendra Modi, on Sunday, highlighted the massive scope of investment in the renewable energy sector. In his roundtable with CEOs of top energy companies and experts in San Jose, California, the Prime Minister stressed on need for more investment and technology integration.

“Among the views expressed at the roundtable was a clear assertion that India has the makings of becoming the clean energy world capital,” Modi said. He added that the existing national grid is not capable of carrying the target 175 Gigawatts (GW) of renewable energy and needs more investment.

The current US Energy Secretary Ernest Moniz and the former US Secretary of Energy Professor Steven Chu were also present at the roundtable. The meeting was also attended by top energy CEOs and investors, including SunEdison CEO Ahmad Chatila, Softbank President and COO Nikesh Arora, Bloom Energy CEO KR Sridhar, CEO of Solazyme, Jonathan Wolfson, venture capitalist John Doerr and Ira Ehrenpreis of DBL partners. Arun Majumdar, Roger Noll, Anjani Kochar, and Sally Benson of Stanford University also participated in the event.

Modi gave an overview of the various programmes that India plans to undertake to achieve the 175 GW renewable energy target by 2022. For instance, he showcased Kochi airport’s transformation to a solar-powered airport. In addition, the 10 MW canal top projects in Gujarat and a district court in the tribal belt of Jharkhand will become entirely solar-powered, he said.

Four key areas - technology integration, finance, regulatory frameworks and the right human resources were part of the discussion. US President Barack Obama and Prime Minister Modi had also agreed, in September 2014, to a tactical partnership on energy security, clean energy and climate change under the US-India Partnership to Advance Clean Energy (PACE).

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  • Not at all. All Utopian thinking. Just Compare Solar and Wind Installations in India and China poles apart..
    China is expected to have set two new clean energy world records in 2015 – one for installing a record 30.5 gigawatts (GW) of wind in a single year, and the second for installing 16.5GW of solar.
    And the Indian solar sector has started 2016 with a further 7% reduction in tariffs to Rs4.34/kWh (US6.5c), building rapidly on the 20% decline achieved in 2015 alone (and 80% decline in just five years).
    The total cumulative installed wind capacity across China is estimated to have reached 145GW by end 2015. This is almost double the cumulative installs of 75GW in the US, more than triple the estimated 43GW of wind in Germany (#3 globally) and more than five time the 26GW installed to-date in India (#4 globally).
    China’s solar installs in 2015 are also thought to have set another world record for annual installs at an estimated 16.5GW, as reported in Chinese PV industry news media this week. Germany in its best year ever commissioned a then record 7.6GW of solar in 2012, while China installed a reported 12.9GW in 2013 before a policy rejig to encourage more distributed rooftop solar saw a slowdown in installs in 2014.

    In Wind China installed more than the capacity of Indian installations in 30 years ! Solar is much more pronounced.
    Dr.A.Jagadeesh Nellore(AP)

    Posted by: Dr.A.Jagadeesh | 2 years ago | Reply