REconnect Summit-'24 Spotlights C&I Sector Dynamics, Open Access, and Solar Rooftop Installations in India
REconnect Summit-24 in New Delhi highlighted Solar's pivotal role in India's C&I sector, emphasizing regulatory frameworks for open access, infrastructure needs, and the push towards achieving 500 GW renewable energy target.
July 17, 2024. By EI News Network
To this end, REconnect Summit-'24, organised by Energetica in New Delhi, witnessed the participation of the leading business leaders and top executives from the industry to discuss about regulatory framework and solar energy infrastructure in India, financing in solar market in India and Commercial and Industrial (C&I) market in North India.
Speaking during the first session - 'C&I Solar Market Dynamics in India: A Roadmap For the Future of Sustainble Energy', one of the Panelists and the Moderator, Rajesh Kumar Jain, Advisor (Technical) at the International Solar Alliance dwelled on the importance of solar power for C&I, saying, “C&I is the only sector that consumes solar power instantaneously and putting minimum burden on the transmission lines and infrastructure, unlike residential sector where domestic prodcution of solar power is not used up instantly."
Further, talking about regulatory framework for power sector in India, Kartikeya Narain Sharma, the Co-Founder and Chief Strategy Officer, Sunsure Energy Pvt. Ltd.,said, “Power sector in India is highly dependent on regulations and it is a very highly regulated sector in the country that falls under concrete regulations.”
He pointed out that to achieve the aim of 500 GW the government is coming come up with guidelines and policies to reach the target. He said, “UP and Rajasthan are the two best options.” He also highlighted the constraints regarding the banking and the steps taken by the government to regulate them.
Speaking about the Open Access, Amit Mittal, COO- C&I, Ampin Energy Transition, emphasized on the need for the uniformity of regulations regarding the Open Access Policy to help developers have clarity. He also proposed the idea of setting up wind and solar energy plants in the available locations in the country and supplying the power to the needed States.
Mittal revealed that presently the solar installations in India is estimated to be at 86 GW, out of which solar roof top installations have been estimated to be 14.5 GW. In solar roof top installaitns, 53 percent of the installations are seen in the industrial sector while the rest 47 percent is divided between commercial and residential sector. He further noted that though substantial subsidies will drive the market in the residential sector, commercial and industrial sector will take the centre stage as the developers are now aware of the of the ‘rules of the games’.
The other panelists present at the event were: Mudit Jain, Head-Research, Tata Capital Ltd. and Ashish Verma, VP of Business Development, Gensol Engineering Limited.
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