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New Delhi: In order to boost and support India’s renewable energy sector going forward, the government is working on a multi-pronged strategy that focus on energy storage, offshore wind and Green Hydrogen simultaneously, according to Dinesh Jagdale, Joint Secretary, Ministry of New Delhi. and Renewable Energy (MNRE).
Speaking at the US-India Energy Summit here, Jagdale said MNRE has adopted a strategy of faster adoption of renewable energy in the Indian electricity sector. “We are following the mantra of greening the grid and more electrifying the economy. This is the way forward and at this stage defines our endeavor to move towards India’s energy transition,” he said.
Jagdale was speaking as a panelist in a discussion on “Fostering Innovation: Technology for Sustainability”. He said the results of MNRE’s efforts over the past 5-6 years are being seen now, the electricity grid has adopted RE at a fast pace, solar power which has shown maximum growth and wind energy’s growth is also set to pick up.
“What is really important is the new areas of growth we are looking at. With more penetration of renewable energy we require more support to the grid. We now need a grid that is stronger, safer and more secure. Looking at the energy era that is going to come till 2030, and the pace at which the energy capacity will be added, it will also require a lot of support in other systems and we need to add energy storage capacity,” he said.
He added that the government is working a lot on building energy storage, including both battery energy storage (BESS) and Pumped Hydro. While the tariff at which storage is available is not affordable enough, the government is keen and has, therefore, launched the Production Linked Incentive (PLI) scheme and the VGF provision for battery storage.
We also realize that going forward there will be some constraints including land and, therefore, the focus on offshore wind. We believe our 7,600 KM of coastline gives us an immense source of energy and offshore wind is going to play an important role in meeting our energy commitments.So, we will find this year to be very critical in launching the offshore related activities,” he said.
He also said that Green Hydrogen will play an important role in India’s energy transition, and while its affordability and quality will matter, India will play an important role in the global scenario given the development of supporting infrastructure and the synergies required for manufacturing, consumption and Delivering green hydrogen.
“Therefore, we are primarily aiming to support the overall ecosystem. The industry has seen the launch of the PLI scheme and the launch of the tender too, and all of this has come in a short span of time. There is an urgency from our side to bring the kind of business scenario that is required for bringing the investments into India,” he told the audience.
Other panelists who spoke at the discussion included Dibirath Sen, Managing Director and Head of Global Banking, North India, India Lead for Sustainable Finance, HSBC; Sujoy Ghosh, Vice President & Country Managing Director – India, First Solar; Anil Bhatia, Vice President and Managing Director, Emerson Automation Solutions – India; and Sharmila Baratham, President – Corporate Affairs, GE South Asia.
Ambassador of the United States of America to India, Eric M Garcetti and MNRE Secretary BS Bhalla also spoke at the event.
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