MNRE ORGANIZES PANEL DISCUSSION ON ‘INNOVATIVE FINANCING AND MARKET EVOLUTION TO ACHIEVE 175 GW RENEWABLES BY 2022’ AT COP 23

MNRE, Government of India, in partnership with the Confederation of Indian Industry (CII), organised a panel discussion on ‘Innovative Financing and Market Evolution to achieve 175 GW renewables by 2022’ on November 16, 2017, at the India Pavilion at the Conference of Parties (CoP) 23, Bonn, Germany.

Reaffirming India’s resolution to go ahead with the set agenda with determination and clarity, Shri C K Mishra, Secretary, Ministry of Environment, Forest and Climate Change, Government of India, said that India has been pursuing its goals of setting up renewable energy capacities and changing its energy mix, and will continue to do so to provide equitable sustainable development. Giving examples of how the question is no longer about availability of finances but that of cheap finances Shri K S Popli, CMD, Indian Renewable Energy Development Agency Limited (IREDA) said that the markets have matured and one indicator of that is seen in how the bond markets have progressed.

Dr Ajay Mathur, DG, The Energy and Resources Institute (TERI) stressed upon the need to push for higher research in storage technology which could compliment the infirm renewable power. There is an imminent need to look at bringing down storage costs, he added.

Source: http://pib.nic.in/