To address the challenges and solutions around corporate renewable energy sourcing in India, 25 members of Climate Group’s RE100 initiative convened in Mumbai today. The two-day RE100 India Conclave at Mahindra Towers aims to enhance understanding of renewable energy challenges and best practices. The event features speakers from major businesses, renewable energy developers, and government representatives. Mercom India, a clean energy research and communications firm, co-organized the Conclave.
Promoting Renewable Energy Investment
Atul Mudaliar, Director of Systems Change at Climate Group India, emphasized the importance of the Conclave. He stated, “The RE100 India Conclave is crucial as it unites RE100 member companies leading the transition. Despite significant challenges, RE100 companies are innovating solutions. Corporate and industrial demand is vital to accelerate renewable energy growth in India.”
Exploring Solar Technology and Energy Market Trends
A high-level panel will discuss pressing challenges businesses face in renewable energy sourcing to meet decarbonization goals. Additionally, technical plenaries and masterclasses will cover topics such as:
- Renewable procurement options available in the Indian market today.
- Understanding carbon markets, India’s position, and potential obligations and opportunities.
- The business case for responsible renewable energy.
New Commitments to Green Energy Policies
The Conclave also marks the announcement of Nxtra by Airtel joining RE100. As one of India’s leading data center companies, Nxtra commits to sourcing 100% renewable electricity by 2035, becoming the 14th Indian company in RE100. Priya Sanjay, Managing Director at Mercom India, highlighted the role of commercial and industrial consumers, saying, “They are crucial to helping India achieve its 300GW target by 2030. This event empowers RE100 companies with clean technologies, business processes, and financing mechanisms to reach their decarbonization goals.”
Solar Energy Market Developments
According to RE100’s latest Annual Disclosure Report, over 180 major Indian and global businesses operating in India sourced nearly a quarter of their electricity needs from renewable energy in 2022. The RE100 India Conclave aims to further this progress by fostering collaboration and knowledge-sharing among stakeholders.
This gathering underscores the growing importance of solar energy investment, energy storage solutions, and lithium batteries in India’s renewable energy landscape. By addressing key energy market trends and green energy policies, the Conclave paves the way for a more sustainable and resilient energy future.
Source：miragenews.com
