
Union Minister Pralhad Joshi to outline vision for India's renewable energy future
IVCA Renewable Energy Summit 2025
as Chief Guest and deliver the Keynote Address. The event, hosted by the Indian Venture and Alternate Capital Association (IVCA), will take place on July 15 in Mumbai.
Bringing together leaders from across the private equity, venture capital, and alternative investment landscape, the summit is a national platform to galvanise climate-aligned private capital in support of India's energy transition goals. Organised in collaboration with Avendus, EAAA Alternatives, and Singularity Capital, the event will convene policymakers, institutional investors, family offices, climate-tech entrepreneurs, and financial innovators.
Speaking ahead of the event, Shri
Pralhad Joshi
said, "India's clean energy transformation is not just an environmental goal--it is a national mission. From renewable generation to battery storage and green manufacturing, private capital will be key to achieving our 500 GW non-fossil fuel capacity target by 2030. I look forward to addressing the IVCA Renewable Energy Summit and reinforcing the government's commitment to building a robust, investment-friendly ecosystem for sustainable growth."
India's clean energy sector is witnessing unprecedented momentum. In 2024, renewables accounted for 83% of total power sector investments, while non-fossil fuel capacity climbed to 44%, underscoring the country's strong trajectory toward the 2030 target. India now ranks among the top three countries globally in renewable energy capacity addition.
As the government ramps up efforts to scale solar, wind, storage, and green hydrogen infrastructure, it has placed a renewed emphasis on public-private partnerships. Policy innovations, including viability gap funding for battery storage, incentives for offshore wind development, and grid expansion across new geographies, are designed to enable institutional capital participation at scale. This creates a clear opportunity for Private Equity, Venture Capital, and AIFs to partner in India's next phase of green growth.
IVCA President Rajat Tandon said, "We are privileged to have Hon'ble Minister Shri Pralhad Joshi join us at the summit. His visionary leadership--whether in scaling renewable energy investments, battery storage, or creating a supportive policy ecosystem--has been instrumental in shaping India's green growth story. His presence reaffirms the government's commitment to enabling public-private partnerships that drive sustainable, long-term impact."
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


The Print
23 minutes ago
- The Print
CM Mann urges Union food minister to release Punjab's share of Rs 9,000 crore under RDF, market fees
Mann raised the issue of non-allowance of RDF since Kharif Marketing Season (KMS) 2021-22 and insufficient allowance of market fees since Rabi Marketing Season (RMS) 2022-23. During a meeting at Joshi's residence here, the chief minister also requested for quick movement of rice grains from the state to enable space for the current season. New Delhi, Jul 16 (PTI) Punjab Chief Minister Bhagwant Mann on Wednesday sought the intervention of Union Food Minister Pralhad Joshi for the release of state's pending share of over Rs 9,000 crore related to the Rural Development Fund (RDF) and market fees. He emphasized that the purpose of RDF is to promote agriculture and rural infrastructure, including the development of rural roads, marketing infrastructure, storage facilities in mandis, and automation and mechanization of mandis. The chief minister said that despite amending the Punjab Rural Development Act, 1987, in accordance with the Department of Food & Public Distribution guidelines, the Punjab's share in RDF has not been released since KMS 2021-22. Mann stated that Rs 7,737.27 crore under RDF and Rs 1,836.62 crore under market fees are yet to be released by the Centre, a Punjab government's statement said. The chief minister noted that this non-reimbursement has severely impacted the development and maintenance of rural infrastructure and the rural economy in the state. He also highlighted the persistent shortage of covered storage space in the state over the past two years. During KMS 2023-24, he said that the shortage of space led to the extension of the delivery period for milled rice up to September 30, 2024. Mann said that this caused concern among millers during the last Kharif season, making them initially reluctant to lift and store paddy, adding that the issue was later resolved with the cooperation of central government. The chief minister said that for KMS 2024-25, out of 117 lakh metric tonnes (LMT) of rice to be delivered to the Food Corporation of India (FCI), only around 107 LMT had been delivered by June 30, 2025. Mann said that only 80 LMT of rice has been moved out of the state in the last 12 months. He further said that although FCI had planned to move 14 LMT in June 2025, only 8.5 LMT was actually lifted. The chief minister stressed the need for the movement of at least 15 LMT of rice in July 2025 to complete milling by July 31. He said that delays may trigger unrest among millers and hinder paddy procurement for KMS 2025-26, . To optimize storage, he urged the Union minister to adopt a proactive approach to identifying, approving, and hiring covered godown. Mann said that a strategy of converting covered godowns of wheat to rice needs to be implemented. This strategy could free up 7 LMT of capacity for rice storage in KMS 2025-26, he said, adding that this model be adopted nationwide to mitigate space shortages. Raising the issue of 'arthia' (agent) commission, the chief minister said that the Union government had de-linked the commission from MSP in Kharif season 2020-21. PTI SKC KVK KVK This report is auto-generated from PTI news service. ThePrint holds no responsibility for its content.


The Hindu
23 minutes ago
- The Hindu
Share of clean energy in India's electricity less than 30% despite 50% of installed capacity
India may have achieved an important milestone of sourcing 50% of its electric power capacity, or about 484 gigawatts, from non fossil-fuel sources, though publicly available data show that the share of clean energy in the electricity actually supplied is below 30%. 'India has achieved a landmark in its energy transition journey by reaching 50% of its installed electricity capacity from non-fossil fuel sources — five years ahead of the target set under its Nationally Determined Contributions [NDCs] to the Paris Agreement,' Pralhad Joshi, Minister for New and Renewable Energy, said earlier this week. 'This significant milestone underscores the country's steadfast commitment to climate action and sustainable development, and signals that India's clean energy transition is not only real but also accelerating under the leadership of Prime Minister Shri Narendra Modi.' In 2014, the share of renewable energy sources – solar, wind, biomass, hydropower (small and large) and nuclear power – constituted about 30% of India's installed electricity capacity. As on June 30, 2025 – as per the Centre – it rose to 50%. However, the share of electricity generated from these sources rose from 17% in 2014-15 to 28% in the May 2025-26 period. To be sure, the quantum of clean energy (non-fossil) produced annually has risen quite significantly from 190 billion units in 2014-15 to 460 billion units in 2024-25. Experts say that despite the rise in clean energy, the slower increase in utilising clean energy was due to the 'capacity utilisation factor' (CUF), a measure of how much available energy was usable. CUF values for clean energy have been lower than that of coal or nuclear sources. 'While solar and wind now make up a large share of installed capacity, their CUFs are much lower. Solar has CUF of approximately 20% and wind around 25-30%, compared to coal's 60% or nuclear's 80%. This means their contribution to actual generation remains limited despite high installed capacity,' said Arunendra kumar Tiwari, Fellow, The Energy Resources Institute. Base load demand, or power that is available through the day, is largely provided by coal, which makes up about 75% of India's energy mix. While there was a rise in solar energy utilisation and easing demand on coal during the daytime, particularly in summer, was unavailable in the evening. 'To improve utilisation of solar, we primarily need two things: flexibility in the grid and improved battery storage. Right now we pay the same (per unit) for electricity, whether night or day. Much like in the early days of telecom, when night calls were cheaper, we need to experiment with differential tarrifs for electricity during the day. This however will require smart grids and better management,' said Saurabh Kumar, vice-president, Global Energy Alliance for People and Planet and an expert on energy, 'We have several schemes that are being working on and in the next one or two years, I expect there will be significant improvement.' In the days ahead, an increase in 'hybrid' power projects that combine solar, wind, hydro and storage elements to meet India's growing peak and round-the-clock power needs are the way forward, says a policy note from the Institute for Energy Economics and Financial Analysis. 'When paired with battery storage, these hybrids can store surplus energy and release it during peak demand hours, particularly in the evening. However, deployment is currently limited by challenges such as land-aggregation issues, lack of coordinated transmission planning, and high cost of storage components.'
&w=3840&q=100)

Business Standard
an hour ago
- Business Standard
GCC revolution needs infra, policy stability, and skilled human capital
The deeper question, however, is whether India's human capital is prepared for a shift up the value chain Business Standard Editorial Comment Mumbai Listen to This Article Union Finance Minister Nirmala Sitharaman recently said that the government viewed global capability centres (GCCs) as a 'great opportunity'. This follows up on her statement in the Union Budget earlier this year that a national framework would be produced to incentivise the movement of GCCs to smaller towns. It is certain that GCCs are an exciting development for what had become a moribund industry. It is vital for India that its strength in the export of services is not overtaken by technological advances but progresses in lockstep with them. The shift in business processes and the creation of in-house capacity