APT Translations

Speaking at the Global Renewable Energy Investors Summit in Gandhinagar, Kapoor said this cost reduction will require innovation on multiple fronts, including power transmission and grid integration. "RE is not just solar and wind. We have to be able to change the load curve to make power affordable. This requires innovation in terms of managing storage and Round-the-Clock power," he said.

​Among the other significant capacity commitments that were promised at the event on Monday include Avaada's 25,300 Mw, Ampin Energy's 21,000 Mw, Greenko's 20,000 Mw, SJVN Green Energy's 15,500 Mw, Tata Power Renewable Energy's 15,234 Mw, and SECI's 10,000 Mw.

According to a report by the Council on Energy, Environment, and Water (CEEW), the production of green hydrogen will require 84 GW of wind energy and 51 GW of solar energy. The states of Gujarat and Tamil Nadu will play a critical role in this energy transition, contributing 43% and 24%, respectively, of the total renewable energy required.

​Addressing at the Launch of India-Germany Platform for Investments in Renewable Energy Globally, the minister said, “Germany has been our trusted partner in India’s renewable energy journey… I am sure that Indo-Germany collaboration will expand manifolds in coming years.”

Project to be set up in Gujarat with viability gap funding of about Rs 8 crore per megawatt

​The company today signed an MoU with the state government detailing the investments at the ongoing REInvest event in Gandhinagar.

​The commitments came at the ongoing REInvest event being organised by MNRE in Gandhinagar, Gujarat. Prime Minister Narendra Modi inaugurated the event today assuring investors of "better guaranteed returns" in the renewable energy industry.

The companies signed an MoU towards decarbonisation and green energy leadership in the country's steel industry. It outlines Jindal Steel's plan to integrate green hydrogen into its direct reduced iron (DRI) units in Angul, Odisha.

​Modi said the government is working to develop 17 cities across the country as solar cities. He said the country is also aiming to become a global leader in Green Hydrogen and has announced a mission for this that will lead to investment of around Rs 20,000 crore.

​The event was inaugurated by Prime Minister Narendra Modi today in the presence of global and domestic investors, companies, and leaders of the energy industry.