"Glimpses" of 18th renewable Energy Summit

Introduction

India Energy Forum has been organizing an annual national conference to focus on challenges and opportunities in development of clean and environ friendly energies over the years.These conferences have created a niche position and are attended by energy professionals' and policy makers from all over India.

The Indian renewable energy sector is the fourth most attractive renewable energy market in the world as per the Renewable Energy Attractiveness Index 2018. India's installed renewable power (Grid interactive) generation capacity (including large hydropower) increased from 42.4 Gigawatts (GOAT) in FY07 to 116.82 GW in July 2018, which is 33.72 per cent of the total installed capacity. Power generation from renewable energy sources in India reached 101.84 billion units in FY18 and 17.70 billion units in April-May 2018.

The Ministry of New and Renewable Energy, Government of India, has formulated an action plan to achieve a total capacity of 175 GW from RES which includes 100GW from Solar 60 GW from hydro power and remaining from others by March, 2022.This has been proving to be the major thrust for the sector in India as the market players have sufficient incentives to move to clean source.

India's renewable energy sector is expected to generate hundreds of thousands ofjobs over the coming years, as the country strives to reduce its dependence on fossil fuels.This could help transform India's rural economy, but it also presents a major challenge, given the skills gap that exists in the country, analysts and renewable energy companies say.India's expansion of wind and solar power over the next five years could generate 330,000 jobs in areas including manufacturing, project design, construction, business development, and operations and maintenance, according to a report by the World Resources Institute, "In addition to improving energy security, enhancing energy access, and mitigating climate change, renewable energy may be able to help reduce poverty, by creating good jobs,".

In this backdrop, 2018 Summit has a Theme on Challenges in Sustainable Growth of Renewable Energy Capacity, to be held on 16th November 2018.1t would have an Inaugural Session and three Plenary Sessions on:
1) From Manufacturing to Job Creation - Challenges Before Us
2) Challenges in Capacity Addition & New Technologies
3) Funding / Financing - Challenges & Viability Gaps