The Ministry of New & Renewable Energy (MNRE) in collaboration with FICCI, organised a series of events, from October 6th-8th, 2021 during the Climate and Biodiversity Week at Expo 2020 Dubai. The events covered the themes of India's Renewable Energy Achievements and Ambitions, Emerging Areas and Opportunities for Renewable Energy in India, and also focused events anchored by the Solar Energy Corporation of India (SECI) and Indian Renewable Energy Development Agency (IREDA).
An event on the theme of One Sun One World One Grid (OSOWOG) was also organised by International Solar Alliance promoting interconnectivity across borders to harness solar energy without intermittency.
Addressing the MNRE-FICCI – SECI event, R.K. Singh, Minister of Power, New and Renewable Energy, emphasized that the world is on the cusp of transformation, and immediate corrective steps are needed to mitigate climate change. He highlighted that energy transition requires to be the first step in this direction.
He said that India is already ahead of what we pledged in our Nationally Determined Contributions (NDCs) saying that, “Already 39% of our installed capacity is from non-fossil based sources. By 2022 we will reach our target of 40%.”
Highlighting that transmission is a challenge and getting it into place is work in progress, he stated, “We are launching the Green Corridor Phase 2 and we are generally expanding transmission to put in place systems for renewable power evacuation from sites where irradiation is high, or wind speed is high.”
manufaturing. A large amount of this investment will be headed towards the production of polysilicon modules and wafer-ingots.
Singh also said that intermittency of renewable power is another challenge for the complete world highlighting that battery storage per unit currently is high and needs to come down. He added that Government is coming out with bids for battery storage.
There is a Production Linked Incentive for battery storage already in place and demand needs to be encouraged to bring down the prices of storage, Shri Singh added.
Speaking on the opportunities for green hydrogen in India, Singh stated, “MNRE will work out with bids for electrolysers and that mandates for green hydrogen consumption in refining, fertilizer, piped natural gas.”
Singh also said that SECI has had promising growth and is likely to continue this momentum as new and emerging areas in the clean energy space are set for a boom and stated his vision of SECI becoming an energy conglomerate of the