News Desk, News Nation 360 : The Association of Renewable Energy Agencies of States (AREAS) and SwitchON Foundation jointly organised a workshop addressing the key advancements in renewable energy, with a focus on cutting-edge technologies, financing models, and policy frameworks that can catapult West Bengal to the forefront of sustainable energy development in India. This is a significant step towards the advancement of renewable energy in West Bengal. A distinguished group of dignitaries, legislators, and business executives convened for the session to discuss the state's prospects for renewable energy. The talks focused on building cooperation between banks, government agencies, renewable energy firms, and service providers to establish a strong ecosystem that promotes the expansion of renewable energy. India has made significant progress in renewable energy adoption, driven by ambitious government initiatives like the PM Suryodaya Yojana and PM-KUSUM scheme. Its solar power capacity has increased 30-fold in a decade, reaching 87.2 GW. The country aims to reach 500 GW of renewable energy capacity and ensure 50% of its energy comes from renewables by 2030. These efforts are crucial for limiting
global warming to 1.5°C, as the International Energy Agency recommends doubling renewable energy adoption by 2030. India's rapid growth in the renewable energy sector is fueled by these ambitious policies and projects. The event was attended by J K Jethani, Executive Director, AREAS- Ministry of New and Renewable Energy, GoI, S. Suresh Kumar, IAS, Chairman, Damodar Valley Corporation, Sujan Sarkar MD West Bengal, State Cooperative Bank, Sanjeev Jain, Advisor, SwitchON Foundation- Learnings from State Policies and Incentives for Renewable Energy Deployment, Manoj Mahata, Technical Expert, GIZ - Strategic (sectoral) roadmap for RE/DRE deployment and role of multi-sectoral planning/design/implementation and others. The session discussed advancements in renewable energy technologies, financing models, policy frameworks, and collaboration. It showcased key schemes promoting renewable energy in West Bengal and emphasized the need for financial support to scale up projects. Innovative business and financial models were discussed to accelerate clean energy adoption. The session also explored the need for robust policy frameworks and incentives to attract investment in renewable energy. Moreover, it stressed the importance of multi-sectoral collaboration and a strategic roadmap for renewable energy deployment through comprehensive planning and implementation across various sectors.
Pic - Courtesy
