Latest news with #RenewableEnergyTransition
Hans India
a day ago
- Business
- Hans India
FICCI and AMPIN's Flagship Event Focuses on 100% Renewable Roadmap for Customers
Bengaluru: The Federation of Indian Chambers of Commerce and Industry (FICCI) and AMPIN Energy Transition in collaboration with Deloitte and Sumitomo Corporation, today successfully concluded its pivotal seminar titled 'Renewable Energy Transition for Commercial and Industrial Consumers in the Southern Region.'The event brought together a diverse group of industry leaders, policymakers, and C&I consumers to discuss the roadmap to achieve 100% RE for Corporates and Industrial consumers in South India. In a video message, Ghanshyam Prasad, Chairperson, Central Electricity Authority, Government of India, said, 'India is in a transformative energy transition, and the Central Electricity Authority is committed to guiding this monumental shift towards a cleaner, more sustainable future. The C&I sector plays a vital role in India's clean energy journey, boosting national goals and global competitiveness through a green identity. We're committed to grid reliability, seamless renewable integration, and strategic storage deployment, creating an enabling environment for all stakeholders to accelerate India's sustainable, energy-secure future." Delivering the inaugural address, Gaurav Gupta, Additional Chief Secretary, Energy Department, Government of Karnataka, said, 'Karnataka is proud to lead India's renewable energy transition, with over 70% of our installed capacity already sourced from green power and we recognize the immense potential of the C&I sector to accelerate our green transition. The sector is a crucial partner in this journey, and our state policies are meticulously designed to empower C&I customers to embrace renewables through open access and innovative solutions. We are committed to building a resilient, green, and future-ready Karnataka, and we invite all stakeholders to collaborate in this transformative endeavor." In his opening address, Pinaki Bhattacharyya, Co-Chair, FICCI Renewable Energy CEOs Committee and Founder, CEO & Managing Director, AMPIN Energy Transition, said, 'Southern India has long been at the forefront of renewable energy adoption and remains a beacon for the nation's green future. Transitioning to 100% renewable energy is not only achievable but brings compelling economic benefits, including significant energy cost savings. AMPIN, with a robust ~3 GW renewable energy portfolio in the South, is driving this transformation for C&I customers and unlocking the region's vast 33 GW renewable energy potential in the next 4 years. The potential for C&I renewable energy in the southern region is immense, representing a significant win-win for industries, states, and the India's net zero ambitions. We stand as a long-term partner, delivering multi-technology solutions and strong financial backing to help businesses achieve energy independence' In a video message by Sudeep Jain, ACS, Ministry of New and Renewable Energy, Govt of India shared, 'India's renewable energy transition is gaining strong momentum, with non-fossil fuel sources now accounting for 50% of power generation, driven significantly by the Ministry of New and Renewable Energy (MNRE). The C&I sector, responsible for half of the country's electricity consumption, plays a critical role in this transformation. Flagship initiatives like the PM Surya Ghar Yojana have brought rooftop solar to 1 crore households, while advancements in green hydrogen and green ammonia are set to reduce costs and enhance adoption in the near future. Southern states remain at the forefront, with 20 GW of wind and 30 GW of solar already deployed and an additional 17.5 GW planned by 2030, cementing the region's leadership in India's clean energy journey. Sharing views through a video call, Aneesh Shekhar, Managing Director, Tamil Nadu Green Energy Corporation Limited (TNGECL), Government of Tamil Nadu, said, 'Tamil Nadu's leadership in renewable energy, rooted in our pioneering wind adoption since the 1980s and our rapid growth in solar, has been significantly powered by our C&I consumers. Their robust participation, largely through open access, has been a win-win, enabling the state to green its grid without capex while offering substantial tariff benefits. As we look to double our installed capacity, our strategic focus is firmly shifting towards solar and, critically, Battery Energy Storage Systems. The next vital phase of our energy transition hinges on how we integrate C&I consumers into this burgeoning storage market. We are actively evolving policies and regulations to facilitate C&I participation, recognizing that storage is the most critical infrastructure to achieve our ambitious goal of 30 GW of storage by 2030. This continued partnership will be paramount in securing Tamil Nadu's green and resilient energy future.' The VC and Managing Director, New and Renewable Energy Development Corporation of Andhra Pradesh, Kamalakar Babu communicated his views through a video message. He said, 'Today's seminar marks a pivotal moment for commercial and industrial consumers across the southern region as we collectively navigate the critical renewable energy transition. Andhra Pradesh is proud to be at the forefront of this journey, demonstrating a strong commitment to creating an amicable and affordable clean energy ecosystem. Our recently launched Integrated Clean Energy Policy is a testament to this resolve, designed to catalyze significant investment, foster job creation, and accelerate our journey towards a sustainable and energy-secure future, aligning perfectly with national aspirations like Viksit Bharat 2047.' Addressing the gathering, Pankaj Kumar Pandey, Managing Director, Karnataka Power Transmission Company Limited, Government of Karnataka, said, 'Karnataka has long been a pioneer in renewable energy, with nearly 63% of our installed capacity already from renewable energy sources. Our strategic foresight, encapsulated in our comprehensive resource adequacy plan, provides a robust 10-year blueprint to meet future demand and double our installed renewable energy capacity by 2030. KPTCL is proactively building the electrical highways of tomorrow, including high-voltage 765 KV substations, to seamlessly deliver clean power from generation hubs to demand centers. Simultaneously, we are making significant investments in Battery Energy Storage Systems and Pumped Storage Projects to ensure grid stability and round-the-clock availability of green power. This strategic integration of generation, transmission and storage ensures that Karnataka remains a competitive and attractive destination for industries, offering reliable, affordable, and sustainable power. We look forward to collaborating with commercial and industrial leaders to accelerate this transition and secure a sustainable future for the southern region.' The seminar underscored the growing momentum for energy transition from fossil fuels to sustainable renewables, with a particular focus on the critical role of the Commercial and Industrial segment. Accounting for over 50% of the nation's electricity consumption, the C&I sector was highlighted as a key driver in achieving a structural shift towards clean power across India. The Partner, Deloitte India, Anish Mandal said, 'Commercial and Industrial consumers are undeniably leading the charge in India's renewable energy transition. Their accelerated adoption is driven by a powerful combination of internal sustainability mandates and compelling economic advantages, proving that green energy is not just an environmental imperative but a strategic business decision. We are seeing this shift strongly supported by progressive policy enablers like green open access and virtual Power Purchase Agreements, alongside rapidly advancing storage solutions, creating an unprecedented opportunity. The southern region holds immense untapped potential for this green shift. Looking ahead, innovations like energy aggregators will be vital in democratizing access and accelerating adoption across all segments, including MSMEs, solidifying renewable energy as a strategic imperative for businesses across the nation." Thanking the speakers and audience, Arpan Gupta, Director, FICCI, said, 'Today's seminar has been profoundly insightful, underscoring the immense scale of opportunity in India's renewable energy transition towards our net zero targets. We are encouraged by the collaborative spirit shown by policymakers, industry leaders, and experts in addressing the opportunities translating into tangible outcomes.' Attendees gained actionable insights from leading renewable energy stakeholders and C&I consumers, who shared real-world strategies for accelerating their transition. Discussions highlighted the compelling business case for renewables—delivering significant cost savings, operational efficiencies, and stronger sustainability outcomes. As a leading partner in India's energy transition, AMPIN Energy Transition brought its expertise in innovative solar, wind, and hybrid solutions to the forefront—demonstrating scalable models for commercial and industrial customers to achieve net-zero ambitions. The high-impact seminar featured expert presentations, interactive discussions, and strategic networking, fostering collaboration among policymakers, industry leaders, technology innovators, and corporate decision-makers. This joint initiative by FICCI, AMPIN Energy Transition and Deloitte aims to enable businesses across Southern India to take bold, practical steps toward a cleaner, more resilient energy future.
New Indian Express
a day ago
- Business
- New Indian Express
Rising US tariffs, demand for renewables a big opportunity for southern states: Ampin Energy CEO
BENGALURU: The increasing demand for power, especially renewable energy and the high tariffs being imposed by the United States have come as an opportunity for the Indian energy sector especially for the southern states, which have the highest potential, to quickly grab, said Pinaki Bhattacharyya, Founder, Managing Director and CEO, Ampin Energy Transition Private Limited. Speaking to the media at the sidelines of the day-long seminar on Renewable Energy Transition for Commercial and Industrial Consumers in the Southern Region, he said the cells, modules, solar and wind panels were manufactured in India, but were being exported to other countries, leaving the demands inside the country dry. Now the relations of India with its neighbouring countries are not good and the tariff revisions imposed will help improve the production and costing for the Indian market. This will only strengthen India's energy sector in the coming times, he said. The Union government has set a net-zero target by 2070 and 500 gigawatt of renewable energy (RE) generation by 2030, of this 200 giga watt is being generated and to meet the target at least 50 gigawatt needs to be generated year-on-year. Karnataka has also set a target of increasing its RE generation from the existing 24 gigawatt to 38 gigawatt in the next five years.
Business Standard
a day ago
- Business
- Business Standard
Powering Renewable Energy Transition for Southern Region: A Seminar Focused on 100% Renewable Roadmap for Customers
VMPL Bengaluru (Karnataka) [India], August 14: The Federation of Indian Chambers of Commerce and Industry (FICCI) and AMPIN Energy Transition, in collaboration with Deloitte & Sumitomo Corporation, successfully concluded its pivotal seminar titled 'Renewable Energy Transition for Commercial and Industrial Consumers in the Southern Region' at Hotel Taj MG Road. The event brought together a diverse group of industry leaders, policymakers, and C & I consumers who discussed the roadmap to achieve 100% RE for Corporates & Industrial consumers in South India. Delivering the inaugural address, Shri Gaurav Gupta, Additional Chief Secretary, Energy Department, Government of Karnataka, said, "Karnataka was proud to lead India's renewable energy transition, with over 70% of its installed capacity already sourced from green power, and the state recognized the immense potential of the C & I sector to accelerate this transition. The sector was a crucial partner in this journey, and state policies were meticulously designed to empower C & I customers to embrace renewables through open access and innovative solutions. Karnataka remained committed to building a resilient, green, and future-ready state, inviting all stakeholders to collaborate in this transformative endeavor." Addressing the gathering, Shri Pankaj Kumar Pandey, Managing Director, Karnataka Power Transmission Company Limited, Government of Karnataka, said, "Karnataka had long been a pioneer in renewable energy, with nearly 63% of its installed capacity already from renewable sources. Its strategic foresight, encapsulated in a comprehensive resource adequacy plan, provided a robust 10-year blueprint to meet future demand and double its installed renewable energy capacity by 2030. KPTCL was proactively building the electrical highways of tomorrow, including high-voltage 765 KV substations, to seamlessly deliver clean power from generation hubs to demand centers. Simultaneously, significant investments were being made in Battery Energy Storage Systems and Pumped Storage Projects to ensure grid stability and round-the-clock availability of green power. This strategic integration of generation, transmission, and storage ensured that Karnataka remained a competitive and attractive destination for industries, offering reliable, affordable, and sustainable power." In a video message, Shri Ghanshyam Prasad, Chairperson, Central Electricity Authority, Government of India, said, "India was in a transformative energy transition, and the Central Electricity Authority remained committed to guiding this monumental shift towards a cleaner, more sustainable future. The C & I sector played a vital role in India's clean energy journey, boosting national goals and global competitiveness through a green identity. We were committed to grid reliability, seamless renewable integration, and strategic storage deployment, creating an enabling environment for all stakeholders to accelerate India's sustainable, energy-secure future." In a video message, Shri Sudeep Jain, ACS, Ministry of New & Renewable Energy, Government of India, shared, "India's renewable energy transition had gained strong momentum, with non-fossil fuel sources accounting for 50% of power generation, driven significantly by MNRE. The C & I sector, responsible for half of the country's electricity consumption, played a critical role in this transformation. Flagship initiatives like the PM Surya Ghar Yojana had brought rooftop solar to 1 crore households, while advancements in green hydrogen and green ammonia were set to reduce costs and enhance adoption in the near future. Southern states remained at the forefront, with 20 GW of wind and 30 GW of solar already deployed and an additional 17.5 GW planned by 2030, cementing the region's leadership in India's clean energy journey." In his opening address, Shri Pinaki Bhattacharyya, Co-Chair, FICCI Renewable Energy CEOs Committee and Founder, CEO & Managing Director, AMPIN Energy Transition, said, "Southern India had long been at the forefront of renewable energy adoption and remained a beacon for the nation's green future. Transitioning to 100% renewable energy was not only achievable but brought compelling economic benefits, including significant energy cost savings. AMPIN, with a robust ~3 GW renewable energy portfolio in the South, was driving this transformation for C & I customers and unlocking the region's vast 33 GW renewable energy potential in the next four years. The potential for C & I renewable energy in the southern region was immense, representing a significant win-win for industries, states, and India's net zero ambitions. We stood as a long-term partner, delivering multi-technology solutions and strong financial backing to help businesses achieve energy independence." Sharing views through a video call, Shri Aneesh Shekhar, Managing Director, Tamil Nadu Green Energy Corporation Limited (TNGECL), Government of Tamil Nadu, said, "Tamil Nadu's leadership in renewable energy, rooted in its pioneering wind adoption since the 1980s and its rapid growth in solar, had been significantly powered by C & I consumers. Their robust participation, largely through open access, had been a win-win, enabling the state to green its grid without capex while offering substantial tariff benefits. As Tamil Nadu looked to double its installed capacity, the strategic focus shifted firmly towards solar and, critically, Battery Energy Storage Systems. The next vital phase of the energy transition hinged on how C & I consumers were integrated into this burgeoning storage market. Policies and regulations were actively evolving to facilitate C & I participation, recognizing that storage was the most critical infrastructure to achieve the ambitious goal of 30 GW of storage by 2030." Shri Kamalakar Babu, VC & Managing Director, New & Renewable Energy Development Corporation of Andhra Pradesh, shared his views through a video message, stating, "The seminar marked a pivotal moment for commercial and industrial consumers across the southern region as they collectively navigated the critical renewable energy transition. Andhra Pradesh was proud to be at the forefront of this journey, demonstrating a strong commitment to creating an amicable and affordable clean energy ecosystem. The recently launched Integrated Clean Energy Policy was a testament to this resolve, designed to catalyze significant investment, foster job creation, and accelerate the journey towards a sustainable and energy-secure future, aligning perfectly with national aspirations like Viksit Bharat 2047." The seminar underscored the growing momentum for energy transition from fossil fuels to sustainable renewables, with a particular focus on the critical role of the Commercial and Industrial segment. Accounting for over 50% of the nation's electricity consumption, the C & I sector was highlighted as a key driver in achieving a structural shift towards clean power across India. Shri Anish Mandal, Partner, Deloitte India, said, "Commercial and Industrial consumers were undeniably leading the charge in India's renewable energy transition. Their accelerated adoption was driven by a powerful combination of internal sustainability mandates and compelling economic advantages, proving that green energy was not just an environmental imperative but a strategic business decision. This shift was strongly supported by progressive policy enablers like green open access and virtual Power Purchase Agreements, alongside rapidly advancing storage solutions, creating an unprecedented opportunity. The southern region held immense untapped potential for this green shift. Looking ahead, innovations like energy aggregators would be vital in democratizing access and accelerating adoption across all segments, including MSMEs." Thanking the speakers and audience, Shri Arpan Gupta, Director, FICCI, said, "The seminar was profoundly insightful, underscoring the immense scale of opportunity in India's renewable energy transition towards net zero targets. We were encouraged by the collaborative spirit shown by policymakers, industry leaders, and experts in addressing the opportunities translating into tangible outcomes." Attendees gained actionable insights from leading renewable energy stakeholders and C & I consumers, who shared real-world strategies for accelerating their transition. Discussions highlighted the compelling business case for renewables--delivering significant cost savings, operational efficiencies, and stronger sustainability outcomes. As a leading partner in India's energy transition, AMPIN Energy Transition brought its expertise in innovative solar, wind, and hybrid solutions to the forefront--demonstrating scalable models for commercial and industrial customers to achieve net-zero ambitions. The high-impact seminar featured expert presentations, interactive discussions, and strategic networking, fostering collaboration among policymakers, industry leaders, technology innovators, and corporate decision-makers. This joint initiative by FICCI, AMPIN Energy Transition, and Deloitte aimed to enable businesses across Southern India to take bold, practical steps toward a cleaner, more resilient energy future.
The Hindu
2 days ago
- Business
- The Hindu
Attend to transmission & land issues for achieving target of 500 GW RE generation, industry urges governments
India's ambitious target of achieving 500 GW of non-fossil fuel-based electricity generation capacity by 2030 can be easily attained if the country is able to invest in revamping and expanding power transmission infrastructure, and if land-related responsibilities are handled well by governments, said Pinaki Bhattacharyya, co-chair, Federation of Indian Chambers of Commerce and Industry (FICCI) Renewable Energy CEOs Committee, and founder, CEO and managing director, AMPIN Energy Transition. He was speaking at a seminar on Renewable Energy Transition for Commercial and Industrial (C&I) Consumers in the Southern Region, held by FICCI and AMPIN Energy Transition, in collaboration with Deloitte & Sumitomo Corporation, here on Wednesday. Ghanshyam Prasad, Chairperson, Central Electricity Authority, Government of India, said, 'India is going through a transformative energy transition, and the Central Electricity Authority is committed to guiding this monumental shift towards a cleaner, more sustainable future. We're committed to grid reliability, seamless renewable integration, and strategic storage deployment, creating an enabling environment for all stakeholders to accelerate India's sustainable, energy-secure future.' During his opening address, Gaurav Gupta, Additional Chief Secretary, Energy Department, Government of Karnataka, said, the State was proud to lead the country's renewable energy transition, with over 70% of its installed capacity already sourced from green power. 'We recognise the immense potential of the C&I sector to accelerate our green transition. The sector is a crucial partner in this journey, and our State policies are meticulously designed to empower C&I customers to embrace renewables through open access and innovative solutions,' he added. Karnataka's strategic foresight, encapsulated in its comprehensive resource adequacy plan, provided a robust 10-year blueprint to meet future demand, and double its installed renewable energy capacity by 2030, said Pankaj Kumar Pandey, Managing Director, Karnataka Power Transmission Company Limited (KPTCL). He said that the KPTCL was proactively building the electrical highways of tomorrow, including high-voltage 765 KV substations, to seamlessly deliver clean power from generation hubs to demand centres. Mr. Pandey also said, 'Simultaneously, we are making significant investments in Battery Energy Storage Systems and Pumped Storage Projects to ensure grid stability and round-the-clock availability of green power.'' This strategic integration of generation, transmission, and storage ensures that Karnataka remains a competitive and attractive destination for industries, offering reliable, affordable, and sustainable power, he added. The event brought together a diverse group of industry leaders, policymakers, and C&I consumers to discuss the roadmap to achieve 100% RE for C&I consumers in South India. The seminar underscored the growing momentum for energy transition from fossil fuels to sustainable renewables, with a particular focus on the critical role of the Commercial and Industrial segment. Accounting for over 50% of the nation's electricity consumption, the C&I sector was highlighted as a key driver in achieving a structural shift towards clean power across India, according to industry players.
The Hindu
2 days ago
- Business
- The Hindu
‘Hike in U.S tariffs a blessing in disguise for India's renewable energy sector'
The hike in tariffs was a 'blessing in disguise' for India's renewable energy sector, as it may help restrict exports, trigger scale of growth in local markets, bring down the cost of production and in turn make the industry globally competitive, said Pinaki Bhattacharyya, co-chair, FICCI Renewable Energy CEOs Committee. 'The recent tariff increase by the U.S government is a blessing in disguise for the RE sector. The Indian government has introduced many schemes and incentives to encourage production of cells, modules and also wind turbines for the local market. But many manufactures are now exporting them and this is not in the interest of the country,' Mr. Bhattacharyya remarked, while speaking to The Hindu on the sidelines of a seminar on Renewable Energy Transition for Commercial and Industrial Consumers in the Southern Region, held in Bengaluru on Wednesday. The U.S. tariffs will discourage those exports and encourage Indian manufactures of cells, modules and wind turbines etc. to focus on local markets and bring in scale, maturity and ability to compete globally, he anticipated. He said, under the new U.S. tariff regime, the landing cost of these products would be much higher in the U.S, making exports unviable for Indian manufacturers. At the same time, he said, power generators in India were not getting cells and modules from other markets and they were not allowed to import these from China because of certain reactions. 'The government should take a balanced view to stabilise the market environment and growth. It should also introduce some restrictions on exports, not just on imports,'' commented Mr. Bhattacharyya, also the founder, CEO, and managing director, AMPIN Energy Transition, a renewable energy transition company. Since 2023, the Asia Development Bank has set aside $100 billion towards investments in the renewable energy sector in the Asia Pacific region, according to an official of the bank. In 2024 alone, the region captured $8 billion from ADB and interestingly, India alone had a share of up to $5 billion, indicating a boom in India's RE sector.
