National policy on renewable energy needed with dedicated FIs to attract investments: MNRE Secretary
Ministry of New and Renewable Energy (MNRE), Government of India, has emphasized the need to formulate a national policy on renewable energy to attract investments into the sector. MNRE secretary Upendra Tripathy suggested that India, like China, should have exclusive financial institutions to fund renewable projects. China has four financial institutions that fund renewable energy projects.
Addressing a workshop on 'Conceptualizing a
Framework for Solar Resource Data in India', under the aegis of FICCI
Solar Energy Task Force, he said that there was a need for more
focused research in this sunrise industry. The workshop was aimed at
providing a platform to leading players from the Indian solar
industry to come together and work collectively on issues of common
interest and concern and contribute to the development of a framework
for resource data in India.
He urged the industry and think
thanks to work in close collaboration with the government.
this in view, Tripathy suggested that industry should work with the
National Institute of Solar Energy (NISE) in this important area. The
Secretary said that the new government's focus was to "Think
Big" on Renewable Energy.
Speaking about the Direct
Normal Irradiance (DNI) data, Tarun Kapoor, Joint Secretary, Ministry
of New and Renewable Energy (MNRE), said that the impact of DNI was
more than envisaged. Earlier, satellite data was used which had
consistency issues but now we have experts who work on satellite data
to bring it into usable form. He hoped that by the end of this year a
SolMap for the country would be ready.
Talking about the
government initiatives, Kapoor said that seven solar thermal projects
have already been commissioned and two more pilot CSP projects were
in the pipeline. He added that there was a need for viable
demonstration projects for solar thermal applications in sectors such
as hospitality, laundry, cooking, etc.
In his theme address
Deepak Thakur, Chair, FICCI Solar Thermal Subgroup and Corporate
Group, Thermax India, mentioned that the solar
research data was the backbone for the development of the
Concentrating Solar Power (CSP) projects in the country, particularly
the DNI component. He said that this workshop would help in devising
a framework for benchmarking and assessing of the data.
Contractor, Co- Chair of FICCI Solar Energy Task Force and Managing
Director, Kiran Energy, said that the private sector had been able to
successfully overcome the challenge of power evacuation by
constructing power evacuation corridor in Rajasthan. He urged the
Secretary that the government and industry should share
infrastructure and the power grids to make the projects viable both
for the public and private sector.
In his closing remarks
Vivek Chaturvedi, Co-Chair of the FICCI Solar Energy Task Force and
Chief Marketing Officer, Moser Baer Solar, said that FICCI looked
forward to working closely with the Ministry. He thanked the
Secretary for sharing valuable information and responding to the
queries of the stakeholders.