Latest news with #New&RenewableEnergy
Time of India
14-07-2025
- Business
- Time of India
Union Minister Pralhad Joshi to outline vision for India's renewable energy future
Mumbai: India's clean energy ambitions are set to take centre stage as Shri Pralhad Venkatesh Joshi, Hon'ble Union Minister of New & Renewable Energy, Government of India, will attend the 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."
Business Standard
14-07-2025
- Business
- Business Standard
Union Minister Pralhad Joshi to Outline Vision for India's Renewable Energy Future
NewsVoir Mumbai (Maharashtra) [India], July 14: India's clean energy ambitions are set to take centre stage as Shri Pralhad Venkatesh Joshi, Hon'ble Union Minister of New & Renewable Energy, Government of India, will attend the 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." The summit agenda includes sessions on: * Accelerating clean power finance through innovative models * Enabling clean mobility, AI, and hydrogen ecosystems through renewables * Energy storage, grid tech and hybrid systems * Policy frameworks for capital deployment The speaker lineup features Dr. Ruchi Chojer, Executive Director, SEBI, and Shri Vishal Kumar Dev, Principal Secretary, Energy, Govt. of Odisha, alongside leaders from top financial institutions, family offices, development banks, and pioneering cleantech startups. The IVCA Renewable Energy Summit 2025 promises to be a watershed moment in aligning capital with climate goals--highlighting how alternate capital can help unlock India's full green potential. The Indian Venture & Alternate Capital IVCA is a not-for-profit, apex industry body promoting the alternate capital industry and fostering a vibrant investing ecosystem in India. IVCA is committed to supporting the ecosystem by facilitating advocacy discussions with the government of India, policymakers, and regulators, resulting in the rise of entrepreneurial activity, innovation, and job creation in India and contributing towards the development of India as a leading fund management hub. IVCA represents 450+ funds with a combined AUM of over $350 Bn. Our members are the most active domestic and global VCs, PEs, funds for infrastructure, real estate, credit funds, limited partners, investment companies, family offices, corporate VCs, and knowledge partners. These funds invest in emerging companies, venture growth, buyout, special situations, distressed assets, and credit and venture debt, among others.
Fashion Value Chain
14-07-2025
- Business
- Fashion Value Chain
Union Minister Pralhad Joshi to Outline Vision for India's Renewable Energy Future
Private Equity, Venture Capital and AIFs Poised to Play Central Role in Nation's Clean Energy Ambitions India eyes 500 GW of non-fossil fuel capacity by 2030; clean energy sector sees record capital flows and policy momentum Hon'ble Minister to deliver Keynote Address as Chief Guest at the IVCA Renewable Energy Summit 2025 in Mumbai on July 15 India's clean energy ambitions are set to take centre stage as Shri Pralhad Venkatesh Joshi, Hon'ble Union Minister of New & Renewable Energy, Government of India, will attend the 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. Union Minister Pralhad Joshi to Outline Vision for India's Renewable Energy Future 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.' The summit agenda includes sessions on: Accelerating clean power finance through innovative models Enabling clean mobility, AI, and hydrogen ecosystems through renewables Energy storage, grid tech and hybrid systems Policy frameworks for capital deployment The speaker lineup features Dr. Ruchi Chojer, Executive Director, SEBI, and Shri Vishal Kumar Dev, Principal Secretary, Energy, Govt. of Odisha, alongside leaders from top financial institutions, family offices, development banks, and pioneering cleantech startups. The IVCA Renewable Energy Summit 2025 promises to be a watershed moment in aligning capital with climate goals-highlighting how alternate capital can help unlock India's full green potential. About IVCA The Indian Venture & Alternate Capital IVCA is a not-for-profit, apex industry body promoting the alternate capital industry and fostering a vibrant investing ecosystem in India. IVCA is committed to supporting the ecosystem by facilitating advocacy discussions with the government of India, policymakers, and regulators, resulting in the rise of entrepreneurial activity, innovation, and job creation in India and contributing towards the development of India as a leading fund management hub. IVCA represents 450+ funds with a combined AUM of over $350 Bn. Our members are the most active domestic and global VCs, PEs, funds for infrastructure, real estate, credit funds, limited partners, investment companies, family offices, corporate VCs, and knowledge partners. These funds invest in emerging companies, venture growth, buyout, special situations, distressed assets, and credit and venture debt, among others.
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Business Standard
19-06-2025
- Business
- Business Standard
MoS Naik urges industry, global firms to invest in Green Hydrogen sector
Minister of State for New & Renewable Energy Shripad Yesso Naik on Thursday said that Green Hydrogen has the power to ensure energy security and called upon industry leaders to invest in research and development and to build infrastructure in this field. Addressing the inaugural 'CII International Business Conclave on Green Hydrogen' the minister highlighted that Green Hydrogen has the power to reduce dependency on fossil fuels and enhance industrial competitiveness across sectors. "I invite global companies, governments, and financing institutions to partner with us in green hydrogen research, innovation, and trade," the minister said and called upon "India's industry to invest in R&D, scale manufacturing, build infrastructure, and develop human capital." The minister said Green Hydrogen is not just a fuel, it is a commitment to the planet, to future generations, and to sustainable prosperity. For India, with its strong Micro, Small and Medium Enterprise (MSME) base and varied industrial clusters, distributed models can unlock local demand and drive bottom-up growth, he said. These models will not only strengthen domestic hydrogen consumption but also make the green fuel more accessible and regionally balanced. "In tandem, we are encouraging the development of Green Hydrogen corridors across the country," he said. Under the SIGHT programme, tenders have already been issued for 42,000 metric tonnes of Green Hydrogen per annum for refineries and over 7.2 lakh metric tonnes of Green Ammonia for fertilizers, he noted. Our strategy to position India as a global Green Hydrogen hub also depends on robust international partnerships, he opined. India is working with key partners -- including the EU, Japan, Singapore, Germany, and the Netherlands -- to establish offtake agreements, certification frameworks, and shared infrastructure for storage, transport, and trade, he noted. New & Renewable Energy Secretary Santosh Kumar Sarangi said that Green Hydrogen has a great future. He said the government is already working on four elements related to fuel and those are regulation, incentives, standards and collaborations with stakeholders. He also stated that the ministry is working with industry on the definition of Green Hydrogen. Chairman ReNew, Sumant Sinha opined that Green Hydrogen is essential for energy transition. According to Sinha India needs 40 million tonnes of Green Hydrogen (annually) to achieve the goal of net zero by 2070. He suggested that India needs to replace the use of 6 million tonnes of Grey Hydrogen by Green Hydrogen. He pointed that high cost of Green Hydrogen which is USD 4.5 per kg, while Grey Hydrogen is available for half a USD. He suggested subsidies for boosting Green Hydrogen production in the country. He was of the view that India needs to deal with issues of high cost, GST, long term contracts and demand creation to boost Green Hydrogen in the country.
Time of India
19-06-2025
- Business
- Time of India
Shripad Yesso Naik urges industry, global firms to invest in Green Hydrogen sector
Minister of State for New & Renewable Energy Shripad Yesso Naik on Thursday said that Green Hydrogen has the power to ensure energy security and called upon industry leaders to invest in research and development and to build infrastructure in this field. Addressing the inaugural 'CII International Business Conclave on Green Hydrogen' the minister highlighted that Green Hydrogen has the power to reduce dependency on fossil fuels and enhance industrial competitiveness across sectors. "I invite global companies, governments, and financing institutions to partner with us in green hydrogen research, innovation, and trade," the minister said and called upon "India's industry to invest in R&D, scale manufacturing, build infrastructure, and develop human capital." The minister said Green Hydrogen is not just a fuel, it is a commitment to the planet, to future generations, and to sustainable prosperity. For India, with its strong Micro, Small and Medium Enterprise (MSME) base and varied industrial clusters, distributed models can unlock local demand and drive bottom-up growth, he said. These models will not only strengthen domestic hydrogen consumption but also make the green fuel more accessible and regionally balanced. "In tandem, we are encouraging the development of Green Hydrogen corridors across the country," he said. Under the SIGHT programme, tenders have already been issued for 42,000 metric tonnes of Green Hydrogen per annum for refineries and over 7.2 lakh metric tonnes of Green Ammonia for fertilizers, he noted. Our strategy to position India as a global Green Hydrogen hub also depends on robust international partnerships, he opined. India is working with key partners -- including the EU, Japan, Singapore, Germany, and the Netherlands -- to establish offtake agreements, certification frameworks, and shared infrastructure for storage, transport, and trade, he noted. New & Renewable Energy Secretary Santosh Kumar Sarangi said that Green Hydrogen has a great future. He said the government is already working on four elements related to fuel and those are regulation, incentives, standards and collaborations with stakeholders. He also stated that the ministry is working with industry on the definition of Green Hydrogen. Chairman ReNew, Sumant Sinha opined that Green Hydrogen is essential for energy transition. According to Sinha India needs 40 million tonnes of Green Hydrogen (annually) to achieve the goal of net zero by 2070. He suggested that India needs to replace the use of 6 million tonnes of Grey Hydrogen by Green Hydrogen. He pointed that high cost of Green Hydrogen which is USD 4.5 per kg, while Grey Hydrogen is available for half a USD. He suggested subsidies for boosting Green Hydrogen production in the country. He was of the view that India needs to deal with issues of high cost, GST, long term contracts and demand creation to boost Green Hydrogen in the country.
