175 GW of Renewable Power, Including Addition of 100 GW Solar in India by the Year 2022- Challenges and Present Status
The Indian Government has set an ambitious target to achieve 175 GW of renewable power, which includes 100 GWp of solar power by the year 2022. 175 GW of Renewable Energy(RE) power would roughly need around US$200 billion of investment, including funds for manufacturing and infrastructure. Direct investments required for power plants would be to the tune of US$150 billion. The Indian Government is contemplating a US$ 1 billion (Rs 6700 Crore) fund to finance RE projects. The percentage share of RE in the Indian total power generation has increased from 4.97% in 2012-13 to about 5.7%, as on February 2016. The year 2015-2016 has been remarkable for RE development in India, which witnessed the highest ever solar and wind power capacity addition in a year of 3.01 GW in solar and 3.42 GW in wind power, while solar power capacity reaching 7.8 GWp by June, 2016. Several steps have been taken by the Government of India to promote RE power such as the development of solar parks, ultra mega solar power projects and other schemes to promote RE. This webinar, with experts from India, shall focus on what needs to be done now and over next years to achieve this target, while doing an introspection on the present status of RE sector in India.
Vikas Dawra is a Senior Managing Director in the Investment Banking team at YES Securities, a 100% subsidiary of YES BANK. Vikas has over 18 years of investment banking experience having worked across sectors. At YES Bank, Vikas has led over 60 successful M&A, PE and ECM transactions in domestically and overseas. Additionally Vikas leads the Sustainable Investment Banking (SIB) division of YES BANK, which focuses on providing Investment Banking & advisory services to businesses operating in the area of renewable energy, environmental services and social & financial inclusion.
Daanish Varma is a Director in the Sustainable Investment Banking team at YES Securities, a 100% subsidiary of YES BANK. He has has over 11 years of experience in business consulting & corporate finance in renewable energy, power, & infrastructure sectors. In his current role as a renewable energy specialist with SIB, Daanish has been involved in multiple transactions including successful for sale of two operational wind assets, IPO for a wind turbine company and a successful green bond raise.
Satya Kumar has a track of more than 30 years of work experience, 17 years devoted to project management of Solar Power and Clean Energy. Satya is the Founder and Managing Director of Shri Shakti Alternative Energy Ltd, a clean energy consulting and solutions company, incubated by IFC, Washington, under the Photovoltaic Market Transformation Initiative (PVMTI). Since then innovation and market transformation are in the DNA of the Company. Satya has handled various consultancy projects for UNIDO, UNICEF, ADB and The World Bank. His wide-range of expertise in Solar Power Plant projects include its full scale implementation, project development, financial closure, assessment studies and reports, determination of tariff for solar power plants, policy analysis and feasibility reports, among others.
Santosh Kamath is a Partner at KPMG in India and leads the Renewable Energy area. He has a Post Graduate in Management from the Indian Institute of Management Bangalore. Santosh has led multiple engagements in Solar Power involving policy development, strategy formulation, handholding assistance and transaction advisory for varied clients including central and state governments, multilateral agencies and private companies.
Rabindra Satpathy specialised in Solar PV Power through his final year project in Electrical Engineering. He has been working in Solar PV Industry since 1984. He has worked with world leading solar PV companies such as BP Solar India, Siemens Solar, Shell Solar, Solar World , RIL Solar Group, TRINA Solar in various functions i.e. System design & Engineering, Quality, Project Management, Sales & Business Development and leadership roles. He is currently Chief Executive Officer- Renewable Power of Emami Power in India. He is currently Board member of ISES.
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