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New Delhi : To catalyse cutting-edge PV manufacturing in India, NITI Aayog, Ministry of New and Renewable Energy, and Invest India, are organising a global symposium virtually, ‘India PV EDGE 2020’, on October 6, 2020, from 5–8.40 pm.
There will be a plenary session and subsequent sessions on ‘Wafers and Cells’, ‘Modules and Production Equipment’ and ‘Supply Chain’. It will also include a ‘Investors Conclave’ on PV ( photovoltaics) Manufacturing. Tamil Nadu, Maharashtra, and Andhra Pradesh states will participate at the conclave. This will be followed by a ‘Investors Roundtable’, which will discuss and deliberate on issues related to India’s solar manufacturing sector viz. affordable financing and role of developers in building the ecosystem of cutting edge solar manufacturing etc.
Union Power, and New and Renewable Energy Minister R K Singh, VC NITI Aayog Dr. Rajiv Kumar, CEO NITI Aayog Amitabh Kant, Joint Secretary, Ministry of New and Renewable Energy, Amitesh Kumar, MD & CEO Invest India Deepak Bagla, and Additional Secretary NITI Aayog Dr. Rakesh Sarwal will attend the Plenary session. Around 60 prominent Indian and global CEOs are slated to attend the event virtually, according to a PIB release.
The Covid-19 pandemic has created an enormous impact on the global economy. After the 2008–09 financial crisis, green measures accounted for 16% of the total stimulus measures. To recover from the covid-inflicted impact and to battle the impending threat of global warming, governments must be even more ambitious and decisive towards clean investments.
Solar deployment has been the flagship green growth story of the last decade and this would be instrumental to stimulate growth and build a climate-resilient world. India has become the third-largest solar capacity country in the world and set an ambitious target of 450 GW of renewable capacity by 2030 comprising 300 GW of solar capacity.
The major factor behind the rise of solar deployment is giga-scale solar manufacturing and the continuous adoption of innovations to reduce prices. Hence, solar PV manufacturing is one of the strategic sectors announced by the Indian government as part of the post-Covid Aatmanirbhar Bharat recovery initiative. Subsequently, efforts are underway to make India a global hub for solar PV manufacturing, and significant giga-factory announcements are being made by local and global firms. The Indian government is also coming up with innovative initiatives to promote cutting-edge solar manufacturing in India.
This is the perfect time to bring together global, cutting-edge technology providers, equipment makers, and champion PV companies to present their technologies to the Indian industry who are drawing up their PV manufacturing plans. The companies would also have the opportunity to hear from Indian policymakers who are involved in drawing up manufacturing schemes.