Perspective: India’s Green Energy Transition | 31 January, 2024
Summary
TLDRThe special presentation on Sunset TV discusses India's upcoming interim budget and its potential to accelerate the country's transition to a low carbon economy. The conversation, led by host Kti Mishra, includes insights from Mr. Suban Pipa, CEO of the National Solar Energy Federation of India, and Mr. Manmohan Aasi, group president of SSEL. They delve into India's ambitious renewable energy targets, the push for green mobility, and the significance of green bonds in funding the energy transition. The panelists also highlight the importance of smart grids, biofuels, and the National Green Hydrogen Mission. The discussion underscores India's commitment to achieving its Paris Agreement goals and the economic opportunities presented by the shift to clean energy.
Takeaways
- 📈 **India's Renewable Energy Target**: India has set a target of achieving 500 GW of renewable energy capacity by 2030 as part of its commitment under the Paris Agreement.
- 🏠 **Solar Energy for Households**: Prime Minister Narendra Modi announced plans to install solar panels on 10 million houses, which could significantly boost India's rooftop solar sector.
- 💡 **Distributed Solar Proliferation**: There is a focus on not just the growth but also the spread of solar energy across the country, emphasizing distributed solar proliferation.
- 🔌 **Electrical Grid Infrastructure**: The government is creating a dedicated evacuation infrastructure for green energy and is pushing for a smart grid to integrate renewable energy seamlessly.
- 🚗 **Green Mobility**: There is a significant growth in the electric vehicle market, indicating a commitment towards green mobility from both the government and private sector.
- ⚖️ **Challenges in Manufacturing**: Indian manufacturers face challenges in obtaining competitive technology due to China's embargo on supplying equipment and technology to other countries.
- 💰 **Funding and Financial Support**: The discussion highlighted the need for accessible funding methods, such as promoting green bonds, to support the energy transition.
- 🌱 **Biofuels and Co-generation**: There is potential to double the current biomass and co-generation capacity with the right incentives and focus on technology advancements.
- 💡 **National Green Hydrogen Mission**: The mission aims to produce 5 million metric tons per annum of green hydrogen, with significant investment and job creation potential.
- 🔋 **Energy Storage and Smart Grids**: The importance of energy storage capacity and the development of smart grids for the integration of renewable energy into the grid was emphasized.
- 🌐 **Global Biofuel Alliance**: India, as a G20 chair, is leading an initiative to expedite the global uptake of biofuels, which is expected to influence India's energy mix.
Q & A
What is the significance of the 22nd of January 2024 in India's renewable energy sector?
-The 22nd of January 2024 is significant because it marks the announcement by Prime Minister Narendra Modi of a plan to install solar panels on 10 million houses, emphasizing India's commitment to solar energy proliferation and growth.
What is India's target for renewable energy capacity by 2030?
-India has set a target of achieving 500 gigawatts (GW) of renewable energy capacity by 2030 as part of its commitment under the Paris Agreement.
What is the current solar energy capacity of India?
-As of the time of the discussion, India's solar energy capacity has grown to 73 gigawatts (GW), with expectations to cross 100 GW in the next 12 to 13 months.
What are the expectations from the interim budget in terms of incentives for solar energy?
-The industry is expecting provisions in the interim budget that could include subsidies or special incentives for consumers at lower consumption levels, as well as additional subsidies to make solar energy more attractive for citizens to adopt.
How does the panelist, Mr. Pulipaka, envision the impact of achieving the target of 10 million households with rooftop solar?
-Achieving the target of 10 million households with rooftop solar would be equivalent to the combined total installed rooftop solar of the top four countries, which would significantly boost India's rooftop solar sector and lead to an estimated 30,000 megawatts of solar energy.
What is the current status of high-efficiency solar PV modules in India?
-High-efficiency solar PV modules have been supported by the Production Linked (PL) scheme in India, which has been successful. By the end of the year, it is expected that the PL tranche one and two modules will be available, contributing to India's establishment as a global superpower in solar manufacturing.
What are the challenges faced by the solar panel manufacturing sector in India?
-The challenges include difficulty in obtaining competitive and efficient technology due to China's embargo on supplying equipment and technology to other countries, especially India. Additionally, there is a need for macro-level support from the government, such as plug-and-play infrastructure and accessible funding methods like green bonds.
How does Mr. Rasti perceive the role of green bonds in achieving India's renewable energy targets?
-Mr. Rasti believes that green bonds can play a significant role in funding renewable energy projects. He suggests that India should capitalize on green bonds, redefine the green taxonomy, and promote accessible funding methods to accelerate the energy transition.
What is the National Green Hydrogen Mission's objective?
-The National Green Hydrogen Mission aims to achieve a production capacity of 5 million metric tons per annum of green hydrogen, with an investment of over 8 lakh crore rupees and the potential to create 600,000 jobs.
What are the expectations from the interim budget regarding biofuels?
-The panelists expect a major announcement for promoting biofuels in India's energy mix, possibly including incentives to increase ethanol blending in petrol and support for biomass and co-generation technologies.
How does the development of smart grids and energy storage capacity contribute to the integration of renewable energy into the grid?
-Smart grids and energy storage capacity are essential for the seamless integration of renewable energy into the grid. They allow for better grid management, efficient energy distribution, and the ability to store excess energy for later use, which is crucial for maintaining grid stability and reliability.
Outlines
📈 India's Solar Energy Growth and Interim Budget Expectations
The first paragraph introduces the special presentation by Sunset TV, focusing on the interim budget's potential to accelerate India's transition to a low-carbon economy. The discussion highlights India's ambitious renewable energy targets, specifically the aim to achieve 500 GW of renewable energy capacity by 2030. The experts, Mr. Suban Pipa and Mr. Manmohan Aasi, discuss the significance of the announcement made by Prime Minister Narendra Modi to install solar panels on 10 million houses, emphasizing the potential boost to the rooftop solar sector and the need for subsidies and incentives to make solar energy more attractive for consumers.
🚀 High-Efficiency Solar Modules and Green Mobility in India
The second paragraph delves into the success of the Production-Linked Incentive (PLI) scheme for high-efficiency solar PV modules and the prospects for similar incentives in other sectors, such as e-mobility. The speakers express optimism about India's growing e-vehicle market and the potential for a major push towards green mobility. They also discuss the challenges faced by manufacturers in obtaining competitive technology and the need for government support through infrastructure and funding to compete with China's manufacturing capabilities.
🌱 National Green Hydrogen Mission and Biofuels in India's Energy Mix
The third paragraph discusses the financial aspects of achieving India's renewable energy targets by 2030, emphasizing the need for accessible funding methods, such as green bonds. The panelists suggest that defining a clear taxonomy for green bonds and promoting them within India could help accelerate the energy transition. They also touch upon the National Green Hydrogen Mission, which aims to produce 5 million metric tons of green hydrogen annually, and the potential for job creation and sector growth.
🌿 Biofuels and the Global Biofuel Alliance Initiative
The fourth paragraph focuses on the role of biofuels in India's energy mix and the Global Biofuel Alliance initiative led by India as part of its G20 chairmanship. The speakers anticipate a major announcement to promote biofuels and discuss the potential for biomass and co-generation to double in the next few years. They emphasize the need for technology advancements, government support, and the development of a dedicated infrastructure for biofuel production.
🌟 Smart Grids and Energy Storage for Renewable Integration
The fifth paragraph discusses the importance of smart grids and energy storage for the seamless integration of renewable energy into the grid. The panelists highlight the progress made in mandating smart meters and the government's efforts to create a dedicated evacuation infrastructure for green energy. They also mention the need for cybersecurity measures to protect power systems and the potential for a resilient and decentralized grid that can accommodate renewable energy.
🌱 Green Hydrogen, Biofuels, and the Upcoming Interim Budget
The sixth and final paragraph wraps up the discussion with closing thoughts from the panelists on the interim budget 2024 and India's green energy transition. They emphasize the need to focus on the green hydrogen mission, expand renewable energy capacity, increase ethanol blending, and integrate environmental sustainability into decision-making processes. The panelists also discuss the importance of funding support, insurance, and the development of the bond market to achieve India's net-zero emission targets by 2030.
Mindmap
Keywords
💡Interim Budget
💡Renewable Energy Targets
💡Nationally Determined Contributions (NDCs)
💡Solar Energy
💡Green Hydrogen
💡Biofuels
💡Smart Grids
💡E-Mobility
💡Energy Storage
💡Green Bonds
💡Paris Agreement
Highlights
Expectations are high for the interim budget to accelerate India's transition to a low carbon economy.
India aims to achieve 500 GW of renewable energy capacity by 2030, in line with the Paris Agreement.
The interim budget may include provisions for subsidies and incentives to promote solar energy adoption.
Prime Minister Narendra Modi announced plans to install solar panels on 10 million houses, a significant step towards solar energy proliferation.
India's solar capacity has grown rapidly, reaching 73 GW with the potential to exceed 100 GW in the next 12-13 months.
The government's focus is on both the growth and spread of solar energy across the country.
There is a hope for special incentives in the budget for consumers at lower consumption levels to make solar more lucrative.
The budget may provide a significant boost to India's rooftop solar sector, potentially leading to 30 GW of new capacity.
Discussion on the potential for a production-linked incentive (PLI) scheme for high-efficiency solar PV modules.
India is expected to become the second-largest hub of solar manufacturing by 2026-2027, with over 100 GW of manufacturing capacity.
The government aims to achieve 50% renewable energy in the energy mix by 2030, which will require significant green mobility initiatives.
Challenges in achieving renewable energy targets include securing the right technology and macro-level government support.
The need for accessible funding methods, such as promoting green bonds within India, to support large-scale renewable projects.
India's biofuel sector has potential for growth, with plans to double current capacity in the next few years.
The importance of integrating environmental sustainability into the core of decision-making processes, including green budgeting.
The development of smart grids and energy storage capacity for seamless integration of renewable energy into the grid.
The interim budget's potential impact on e-mobility, green hydrogen, and the overall transition to clean energy in India.
Emphasis on the economic opportunity that the transition to clean energy represents for India.
Transcripts
[Music]
[Music]
hello and welcome viewers you're
watching the special presentation of
sunset TV ahead of the interum budget
with your host kti Mishra as Union
Finance Minister prepares to present the
interim budget expectations are high
that it will accelerate India's
transition to a low carbon climate
resilient economy India aims to meet its
renewable energy targets and carbon
emissions reduction goals in line with
nationally determined contributions
under the Paris agreement India has set
itself a target of achieving 500 gwatt
of renewable energy capacity by 2030 as
part of its commitment under the Paris
Accord so how can the upcoming budget
act as a catalyst in charting India's
green energy course let's find out from
our experts joining us on the show Mr
suban pipa CEO National solar energy
Federation of India and joining us for
virtual platform Mr Manmohan aasi group
president
ssel welcome to sunet television both of
you and thank you so much for joining us
and Mr pulipaka let me begin the show
with you 22nd of January 2024 date
immortalized of course for two very big
reasons Ram Mand and after returning
from aoda prime minister Narendra Modi
announced the plan to install solar
panels on onec houses what will this
interim budget mean for sur yna in fact
uh you are aware and like you mentioned
India is the world leader today when it
comes to the rapid acceleration to
energy transition we have witnessed uh
our Solar capacity grew Leaps and Bounds
in the last 9 years today we are at 73
gwatt and if things go well we'll cross
100 gwatt in the next 12 13 months but
one thing uh that was always uh uh a
point of concern was our distributed
solar proliferation and with that
announcement on 22nd January prime
minister has made it very clear that
India's priority is not just growth of
solar but also spread of solar energy 10
million households
is an unprecedented Target for a country
of course for a country like India 10
million must be nothing but if you look
at rooftop 10 million is huge 10 million
households if we are able to achieve
that will be equal to the sum of the top
four countries uh when we sum up their
total installed roofs which have solar
today so I think there's definitely a
hope uh Al bit this being an interim
budget there's a hope that there will be
some Provisions in terms of subsidies or
in terms of special incentives uh for
consumers who are uh at a lower
consumption level uh while also uh
strengthening the program by introducing
some more subsidies uh for citizens to
make solar more lucrative for them to
switch uh and have it on their rooftop
that is one of the uh major uh uh wish
list or uh thing that the industry is
looking forward this is going to give a
huge boost to India's roof top sector in
a way that has never been thought before
10 million households on a conservative
uh uh estimate would lead to at least 30
gaw that is 30,000 megawatt Imagine
India whose current installed capacity
of 73 gaw only 11 gaw comes from
distributed and rooftop and in 2 years
we're going to add only 30 gwatt of
rooftop this is completely uh a very
Visionary and a very timely move uh I I
must commend uh honorable prime minister
and the ministry for coming out with
this scheme and her solar is the Moto
now which I think was well received by
the common citizens absolutely her solar
uh but another important development of
course that we saw was the pl scheme for
high efficiency solar PV modules do you
expect it for other verticals as well
well I think uh PL for modules is one of
the most successful plis uh if things go
well by the end of this year we'll see
the pl tranch one and trench two modules
coming out uh there is of course wish
list is always wish list we do have
hopes on seeing if we can expect a p uh
on storage Technologies U of course last
time viability Gap funding was announced
uh there was announcement of PL recently
on on uh grid scale storage that is one
aspect and uh slightly moving away from
generation I think there are also hopes
for PL on um e-mobility also uh that's
always uh uh uh on the top of the list
and I've Just Seen uh our uh e vehicle
uh Market has grown more than 35% that
is a very positive sign and uh that
shows the commitment uh both the
government and private sector have so
these both are uh uh couple of uh things
uh on the top of the priority uh but uh
I think uh
both plis P 1 and pl 2 of solar high
efficiency modules is something that has
helped India establish itself as a
global superpower in terms of
manufacturing and you'll not believe by
the end of next year we're going to
become the second largest Hub of solar
manufacturing and in 2026 2027 we will
have more than 100 gaw of manufacturing
end to end who would have thought uh
Indian manufacturing would be scaling
these Heights especially in technology
that is continuously evolving absolutely
we've leveraged our manufacturing
capability like never before but you
mentioned a very important word which is
IM buul let's take that to our panelist
Mr rasti welcome to Sunset television
there's overarching goal of the
government to achieve 50% renewable
energy in our Energy Mix by 2030 do you
anticipate a major green Mobility
push uh thank you for having me in this
uh panel uh yes uh the target is uh
humongous and uh I think we India as a
whole uh would be definitely achieving
it but there are few points which we
need to understand and keep in mind uh
so that we can achieve these targets uh
number one uh the most important is that
as uh already uh you know explained by
my panelist the technology is always
evolving the manufacturing of the solar
panel uh which uh is uh not a very uh
you know known technology out outside
China the last technology which was
updated outside China was around 15
years back and uh post that entire
European and US market also was
depending upon China and all the
developments in terms of R&D in terms of
efficiency was done in China so uh if as
a manufacturer of uh PL one uh winner
and uh we have been working on this for
last like couple of years and uh we have
found that uh to get the right
technology which is uh as competitive or
as efficient as the latest which China
is producing is becoming very difficult
because of various reasons and known
reasons that China is trying to put some
kind of embargo on supply of equipments
and and Technology to other countries
most specifically India so that's one of
the uh key bottlenecks but yes we we can
overcome that and we are working on that
so that so that is number one and number
two uh the most important thing is that
we also need to have uh uh you know uh a
macro level support from the government
PL scheme is definitely supporting but
the scheme money would come only after
you achieve cood and when you start
selling the product whereas if if you
have to compete with China in China they
uh the the kind of support the
government give is they give a plug and
play kind of infrastructure wherein they
have to just come and install them
equipments and other infrastructure in
place they have a subsidy uh in in power
they have subsidy in the uh rentals or
it's free of rent free of Interest they
have to just pay annual uh you know uh
outgo is there in terms of a fixed uh
outgo so their fixed cost is minimal and
hence their cost of production is quite
low so uh we would also request the
government of India to have some kind of
a infrastructure where a plug and play
kind of a environment is there wherein
all the infrastructure is provided and
the companies come and just start the
production third very important point is
the funding of these uh you know uh
projects the uh as you are aware this uh
the funds require is huge there is one
estimate that uh we will require at
least 10 uh trillions of uh Rupees to
have all these projects in place now if
you see uh in the international market
green bonds are very you know famous and
they have been UTI I to the extent that
almost every European country has given
a sovereign Bond they have raised green
bonds and that is being used as a
funding whereas in India we are largely
dependent on either financial
institution which are like domestic FIS
and Banks where the cost of interest is
high and they have their own limitation
in terms of tenor in terms of interest
rate in terms of collaterals what they
take so if we have to achieve this
target we have to provide some kind of a
uh accessible funding method by
promoting green bonds within India so
I'll stop there if there is an
additional question definitely I can uh
Take It Forward Absolutely I'll quickly
take your sense Mr pipa on green bonds I
think uh what Manan G mentioned uh it is
time for India to uh capitalize on green
bonds if you look at our Target of 2030
we require only for Generation meeting
the target we require 300
billion and uh we did of course uh
release a sovereign uh green Bond
framework in 2022 but one of the key
challenges in in that framework and
which is also potential which can be
addressed is that we need to redefine
the taxonomy we need to start adding
more clear specific definition points
into the green taxonomy that can help us
accelerate energy transition by the
means of getting AFF able capital for
example adding all agriculture
applications adding All Storage
applications not just battery storage
pump storage any other technology
alternate cell chemistry even adding
manufacturing renewable manufacturing
that will sort of accelerate the way uh
funds flow into the system U and uh we
have seen uh in the last year I was
observing the market India is less than
2% of the global uh green bonds Market
but we installed 20% of the global
capacity so we need to fill that Gap and
I have full confidence that if we are
able to tweak it and sort of come out
with a very holistic uh taxonomy and a
framework I think we will be uh an
example which the world will look at on
how we can leverage uh this light
tweaking in the green taxonomy and then
uh use this affordable Capital to propel
over own energy transition well
absolutely and from Green once let's
focus on national green hydrogen Mission
yes uh so the objective of course is to
achieve the production capacity of 5 mmt
per Anum of green hydrogen yes
investment of over 8 lakh CR rupees uh
there's potential of creating six lakh
jobs yes do you think or do you
anticipate any specific step in the
interim budget for realizing this goal
see uh I mean last two budgets have been
very hydrogen heavy and we are seeing
the results today like you mentioned we
had uh allocation to two plis uh both
were out uh the bids were announced the
winners were announced a couple of weeks
back yes uh so we have one p for
hydrogen green hydrogen generation and
one for electrolyzer manufacturing so we
will definitely see them up and running
in in the span of next two to three
years uh on the other hand I think uh
maybe it might be a visual thinking but
I think there might be if at all some
incentives for for uh demand oriented
Industries to mandate uh green hydrogen
consumption today the world is at a
global green hydrogen War that's true
the next kurra is happening on green
hydrogen so India has taken the lead and
we are by far much ahead of other
countries in terms of developing
domestic capabilities uh while we have
uh stable demand inside the country and
outside the country it would be
uh more prudent to look at promoting uh
our own Industries to consume our own
green hydrogen also but it'll be crucial
to see sir how hard to Abate sectors
actually go ahead well hard to Abate
sectors are also highly potential
sectors so we can look at it from that
side also that's right and uh today I
think one thing which is very clear when
we look at uh uh the entire energy
transition story in the country is we
are one maybe one of the few countries
or the only country where
we have accepted acknowledged and are in
are in full agreement that transition is
inevitable that's right and we have to
do everything and anything to get
towards it for example just in the span
of last 10 minutes we spoke of three
things and all three things ultimately
integrate and elute to our government
strategy we spoke about generation which
is electricity we spoke about mobility
and we are speaking now industry right
so to have a scheme which is
encompassing the entire overarching uh
spectrum of uh decarbonization is
something that not many countries have
all the stakeholders speak in unison AB
so I think uh this is uh very very
crucial uh most sectors are trying to uh
look into this particular thing also
absolutely and from Green hydrogen Let's
uh shift Focus to biofuels Mr ATI the
global biofuel Alliance is an initiative
by India as a G20 chair the alliance
intends to expedite the global upake of
biofuels through facilitating technology
advancements and intensifying
utilization of sustainable biofuels in
fact the E20 fuel currently sold that's
over um 1,00 pumps in the country the
plan is to make it available throughout
the country by next year do you expect a
major announcement for promoting biofuel
in India's Energy
Mix yeah yeah definitely uh actually
there has been a a great uh emphasis on
biomass and Co generation in fact uh the
uh India's policy on uh shift towards
ethanol blending in uh petrol that is
also a step towards that and uh if you
go by the figures biomass and Co
generation as on data uh is
approximately 10.2 gaw in the country
and there is huge scope and it can be
easily doubled in next I think to my
estimate in next two to three years uh
this can be doubled uh the only uh the
focus the way it has to be that there
has to be uh the uh uh emphasis on how
we bring in the uh the capacities what
we have uh in Pipeline and new
capacities by probably having some uh
kind of a PL scheme or some incentives
uh to U promote uh such production if
you go by uh the uh previous uh you know
focus on like the government has given
uh exemptions on the the custom duties
on the battery energy storage system and
uh other uh incentives which they're
giving if those incentives are also
given to such biomas uh production and
Co generations and then definitely there
is huge scope uh there is
also a a very uh urgent need of to
develop a a proper technology because
this uh sector has been evolving and I
have personally seen many biomass
generation program which has been
successful recently but uh if you go 5
years back there were uh issues and and
some a few projects had gone uh has not
been viable and have been not performing
as per the uh the efficiency levels and
uh production um uh requirement of the
uh uh the generation of the power but
now the there has been quite enough uh
technology and the R&D has to you know
keep on improving the technology and
there has to be a a fund or at least
from the government side there should be
a um uh initiative to have some kind of
a Ministry for this which will initiate
some kind of R&D which will help these
uh Farmers because these are mostly will
be uh these plants will be mostly in The
Villages or near the town where these
biofuels are available so kind of a
chopal or something has to be
established which will help them to have
a smaller plant which will be used in
their own Villages and uh it will be
more efficient in terms of utilization
and generation
also well absolutely and as you're
talking about technology Mr pipa I'm
reminded of or uh the need for smart
grids the energy storage capacity for
seamless integration of reable into the
grid how do we achieve that I think uh
the foundation for that is already late
you must be aware now smart meters are
uh being mandated and the progress is
very good uh and rooftop uh
installations in one way or the other
are a Next Step Closer to smart meter uh
smart grid uh imagine a situation where
we have a rooftop solar and then there's
a storage and then it's connected to the
grid and it's grid
interactive I mean that will be a
completely uh highly Advanced version of
uh of a mod than grid I think that is
one thing uh that the government is
already doing uh on the second uh side I
think uh uh India's grid today is the
world's largest grid all said and done
and uh one thing the government has done
right on point is to create a dedicated
evacuation infrastructure already 9,000
circuit square kilometers have already
been done another 10,000 are in
different stes of
implementation put together they will
host 50 60 ga L of green energy and uh
now the government is pushing uh
distributed renewable energy to a large
extent so I think we will be having one
of the most uh I don't know drisk
centrally decentralized grid uh where we
have all the risks addressed in terms of
uh uh grid Administration uh I'm also
aware that uh now lot of uh
sensitization has also uh been enforced
in the uh threats related to cyber
security in our Power Systems and very
happy to see that our grids are not just
uh uh strong and uh um able to
accommodate Renewables but they're also
resilient uh in Wake of any UNT incident
directed at aits so that is something
that's a very huge positive step uh for
us to transition to a completely smart
de well absolutely and of course all
eyes on the interm budget 2024 Union
Finance min Nan will present it and uh
before we wrap up the show time for
closing comments from our panelists Mr
aasi interim budget 2024 and India's
green energy transition your closing
thoughts uh uh as rightly mentioned by
our panel guest that there has to be
focus on green hydrogen Mission uh we
have to also expand our renewable energy
uh capacity whether it is uh
uh solar or wind or uh you
know this hydrogen uh then there has to
be definitely more shift towards the
ethanol blending which can be increased
up to say 20% that is where uh we will
be uh also reducing our Imports of uh U
traditional fuels then focus on of
course definitely we have to focus on
the battery energy u storage system
where uh uh the exemptions uh like
custom duties should be extended and
probably
increased uh smaller schemes like kusum
uh Gohan scheme then definitely now this
Sur scheme where rooftop has been are
being implemented uh these are very very
good schemes which will bring in lot of
uh Indians into this Ambit uh largely
the smaller uh farmers and all will be
part of this U uh effort to uh uh reach
toward our Net Zero emission Target um
also there is one uh need to integrating
the environmental sustainability into
the you know very core of the decision-
making process like if the green
budgeting each government Department if
they can have their budget wherein they
emphasize or uh lay out what steps they
have done to achieve uh this green
budgeting that would you know reduce the
burden of uh you know the uh one
Standalone budget which we have annual
in in into different departments and
they will also be able to focus
individually on all these U uh uh
schemes and uh there is uh on the uh
implementation side I feel uh uh as I
mentioned earlier uh funding is one of
the major um areas where government has
to provide some support uh because uh
today uh the cost of funding in India is
the highest if I have to compete with
China or any other European and US
country uh of course us we do have
advantage in terms of Labor and other
cost but in terms of Finance cost we are
the highest so there has to be some kind
of a support Insurance support or you
know scheme wherein uh the companies
which are setting up such uh plants uh
will get some kind of a good rating and
then they can go for a bond so we have
to develop the bond market uh incentives
should be given to financial
institutions Banks and other uh
investors to invest in such bonds uh so
that that they get some tax incentives
so overall the cost of funding would
come down um also in terms of data right
sir the DAT analysis and all uh what we
have we should have an uh you know a
cloud technology where Mis is
appropriately there and uh I would say
these things if we taken care then
definitely we will be achieving what we
we would like to achieve uh by 2030 well
absolutely sir Point well taken Mr pipa
I'll give you the last word on the show
I think uh uh not covering Mon's points
three things that uh are are key
interest points from our sector would be
that uh to see how the government looks
at the e-mobility and also storage
Allied to Mobility as well as uh storage
for energy generation
uh the second would be how green
hydrogen will uh find its place in the
budget in terms of incentives or in
terms of uh you know providing uh more
Sops for uh consum consuming green
hydrogen last but not the least of
course the hope is that it's alltime
high for Su yoga that's right and I
think and I hope after the budget uh
everyone will say solar is super solar
on that positive note thank you so much
for joining us Mr pipa and Mr aesti well
a transition to clean energy is also a
huge Economic Opportunity for India on
that note thank you so much for watching
Sunset television take care good
[Music]
night
[Music]
w
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