Indo-German Energy Dialogue on Solar PV Market Development in India

A panel discussion on “Solar PV Market Development in India”, by the Indo-German Energy Forum (IGEF-SO), was successfully held on the 20th June 2018 at Intersolar Europe in Munich.

The event with Government participation and key industry players from Germany and India discussed upcoming business models for solar rooftop, financing possibilities, public support schemes and tenders as well as trends in self-consumption. Well-known market players shared up to date sector insights directly from the solar market. The event was attended by  120 participants.

Consul General, Mr. Rajaram, Consulate General of India Munich,  welcomed the special guests Mr. Anand Kumar, Secretary, Ministry of New and Renewable Energy (MNRE), Government of India, Dr. Martin Schöpe, Head of Division International Energy Cooperation, German Federal Ministry of Economic Affairs and Energy (BMWi), Shri G. K. Gupta, Joint Secretary, Ministry of New and Renewable Energy (MNRE), Mr K.S. Popli, Managing Director, Indian Renewable Energy Development Agency (IREDA), Mr. Vinay Rustagi, Managing Director, Bridge to India, and Mr. J. N. Swain, Managing Director, Solar Energy Corporation of India (SECI).

Highlight of the event was the speech by MNRE Secretary, Mr. Anand Kumar. Underlining India’s intentions to not only fulfill but to exceed India’s energy targets, aiming for 500 GW of installed renewable capacity by 2030, of which 320 GW will be solar energy. The Indian government is planning to become one of the leading countries for renewable energy in the future. To achieve the ambitious climate goals, India has to extend their solar and storage manufacturing centers in order to have the whole supply chain, from polysilicon to modules within the country.

Different topics were presented by several panel participants including promoting schemes for Solar PV Power Plants and PV Rooftop in India, ongoing and upcoming projects on Solar Wind Hybrids and Floating Solar, as well as information about the current status, drivers and challenges of the Indian PV Sector.The participants had the chance to introduce their companies and their mission and objectives during the pitching session and several networking breaks.