Thursday, Mar 28 2024 | Time 20:21 Hrs(IST)
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Business Economy


India won't stop at 100 GW for Solar: Goyal

New Delhi, Jan 16 (UNI) Minister of Power, Coal, New & Renewable Energy & Mines Piyush Goyal today said that the 100 gigawatt target for solar should not be a constraint, India won't stop at 100 GW.
While addressing the first India-specific session on ‘India’s Solar Story: Opportunities and Perspectives’ at the World Future Energy Summit at Abu Dhabi, Mr Goyal said, “With the advent of new technology in storage, we are poised for huge growth. Solar growth will support landowners to derive income and solar industry to build their business.”
He further said, “India should manufacture in India for India. We should assess what it would take for us to be an end to end solution provider for solar. We can manufacture at scale. A subsidy regime is not the best way to move forward.”
Emphasising the need to draw up a regime where government can be an enabler for manufacturing to compete at good quality and prices, Mr Goyal said, “We need to foster partnerships with high quality technology suppliers. We will provide large tracts of land to manufacture at scale. Indian developers should also promote Indian manufacturing.”
The discussion was chaired by Ardeshir Contractor, Co-Chair, FICCI Solar Energy Task Force and Managing Director and CEO, Kiran Energy and the distinguished panelists included H R Gupta, Managing Director, Indosolar India Mr. Hitesh Doshi, Chairman and Managing Director, Waaree Energies Limited , Mr. Nimish Jain, Director– Global Sales, Vikram Solar Pvt. Ltd. Project Development and Grid Integration, Mr. I S Jha, Chairman and Managing Director, Power Grid Corporation of India, Mr. Khurshed Daruvala, Managing Director, Sterling & Wilson, Sanjeev Aggarwal, Managing Director, Amplus Infrastructure Developers Private Limited, Kishor Nair, COO, Welspun Energy Limited Solar Financing and Investment Opportunities in India, Mr. K S Popli, Chairman & Managing Director, IREDA.
FICCI organized the session on ‘India’s Solar Story: Opportunities and Perspectives’ at the World Future Energy Summit on the outlines of the visit of Minister of Power, Coal, New & Renewable Energy & Mines Mr Goyal and the accompanying high level Business Delegation to the summit, Abu Dhabi during 15-18 January 2017.
The panel discussion highlighted the current solar energy landscape in India and the opportunities it presents for manufacturing, project development, grid integration, financing and investment, given that India is all set to become the third largest solar market globally.
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