New Delhi, April 18 — Once celebrated for their pioneering role in India’s clean energy movement, brothers Anmol Singh Jaggi and Puneet Singh Jaggi are now facing serious allegations of financial misconduct. According to an agency report, the Securities and Exchange Board of India (SEBI) has barred the Jaggi brothers from participating in securities markets until further notice, following an interim order released on Tuesday.

The investigation revolves around their flagship company, Jainsol Engineering, a public-listed firm engaged in solar consulting, engineering procurement and construction (EPC), and leasing of electric vehicles. The company was listed on the BSE SME platform on October 15, 2019, and was later moved to the main board of both BSE and NSE on July 3, 2023.

SEBI’s probe uncovered that portions of corporate loans raised by Jainsol Engineering were allegedly diverted for personal use by the promoters. This includes the purchase of luxury apartments, transactions benefiting related parties, and financial transfers to family members. The findings have triggered concerns over corporate governance and misuse of public funds.

From FY 2016-17 to FY 2023-24, Jainsol Engineering reported rapid financial growth, with operating profit surging from Rs 2 crore to Rs 209 crore and net profit climbing from Rs 2 crore to Rs 80 crore. However, its stock plummeted from a peak of Rs 1,126 per share a year ago to just Rs 116, as credit rating agencies downgraded the company and flagged governance risks.

SEBI initiated its inquiry after receiving multiple complaints and sought clarification from credit rating agencies regarding Jainsol’s loan servicing. While Jainsol presented letters claiming regular repayments to Indian Renewable Energy Development Agency (IREDA) and Power Finance Corporation (PFC), both lenders later denied issuing such certifications.

Further investigation revealed that significant amounts, supposedly allocated for EV procurement, were routed to related entities owned by the Jaggi family or spent on non-business purposes. A notable instance included Rs 42.94 crore being used via Anmol Singh Jaggi’s Capbridge Ventures to purchase a luxury apartment in DLF Camellias, Gurgaon.

The regulator concluded that the promoters were treating the company as a personal fund reserve, with little regard for shareholder interests. SEBI’s action highlights a stark fall from grace for the Jaggi brothers, once seen as champions of India’s renewable revolution, now facing allegations that could tarnish their credibility and impact investor trust in the clean energy sector.

New Delhi, March 28 – The Indian Renewable Energy Development Agency (IREDA), a public sector enterprise under the Ministry of New and Renewable Energy, has announced the securing of an external commercial borrowing (ECB) facility worth 26 billion Japanese Yen from the Tokyo branch of the State Bank of India (SBI). The facility also includes a green shoe option of 10 billion Yen.

In an official statement released on Friday, IREDA stated that the five-year unsecured loan facility is expected to enhance the agency’s presence in global financial markets. As per agency report, the total landed cost of the loan, after hedging, is anticipated to remain below seven percent, making it more cost-effective compared to similar-term borrowings in the domestic market.

Pradip Kumar Das, Chairman and Managing Director of IREDA, noted that this loan arrangement will allow the organization to diversify its funding sources, optimize borrowing costs, and expand its lending operations aimed at supporting India’s renewable energy sector.

IREDA, a non-banking financial institution, plays a key role in financing renewable and sustainable energy projects across India. The latest agreement with SBI’s Tokyo branch marks another step in the agency’s efforts to tap into international funding avenues to promote green energy growth.

Ahmedabad (Gujarat) [India], June 29:  In an era marked by significant environmental challenges, Ahmedabad based Pashupati Group has positioned itself at the forefront of environmental conservation and sustainability. Under the strategic leadership of founder and promoter Mr. Saurin Parikh, the group’s groundbreaking initiatives in solar and wind energy underscore its steadfast commitment to a sustainable future.

• Solar initiatives generate approx. 19 mn units/year whereas wind energy projects contribute 17 mn units/year
• Focusing on sustainability and quality, Pashupati is committed to creating a responsible supply chain with its “Farm to Fabric” approach

Acknowledging the urgent need to address global environmental issues, Pashupati Group has invested significantly in renewable energy, installing 2.7 MW of rooftop solar panels and a 9.5 MW ground-mounted solar project, generating 19 million units of green energy annually. Additionally, the group has established a 2.7 MW Hybrid Wind and Solar project and a standalone 2.7 MW windmill, producing 17 million units of green energy each year. These initiatives significantly reduce reliance on non-renewable energy sources and set a standard for corporate environmental responsibility.

Elaborating the initiatives of the group, Mr. Saurin Parikh, Founder and Promoter, Pashupati Group said, “These solar projects transcend energy generation, setting a benchmark for corporate environmental responsibility. The integration of wind energy not only enhances energy efficiency but also ensures a stable and substantial energy output, aligning with the company’s strategic objectives of sustainable power utilization. These initiatives are vital in mitigating the environmental impact of industrial operations.”

Pashupati Group is a leader in sustainable fiber production, working with over 50,000 farmers across 46 villages. The group cultivates more than 25,000 acres of land, producing over 11,000 metric tons of raw cotton. This extensive network underscores Pashupati Group’s commitment to sustainability and quality in the fiber industry.

Pashupati is committed to creating a responsible supply chain with its “Farm to Fabric” approach, focusing on sustainability and quality. The group emphasizes best practices in cotton farming, ensuring the production of high-quality, sustainable cotton. Pashupati aims to offer economically priced, premium cotton cloth while maintaining zero emissions through its solar and wind energy projects. The company’s clientele includes major global brands like IKEA and Primark.

Pashupati Group Green Projects

The company collaborates with farmers and producer organizations to enhance sustainable cotton production and provides necessary training. The company adheres to global initiatives and standards, such as the Better Cotton Initiative, Primark Sustainable Cotton Program, Global Organic Textile Standard, and regenerative organic agriculture, to source and produce sustainable fabric.

Pashupati Cotspin Ltd, the flagship company of the Pashupati Group, has announced robust financial results for H2 and FY2024. For the six-month period ended March 31, 2024, the company reported a 141% increase in net profit, reaching Rs. 8.08 crores, compared to Rs. 3.35 crores for the same period in the previous year. Total income for H2FY24 grew by 48%, amounting to Rs. 402.87 crores, up from Rs. 271.86 crores in H2FY23. The company also reported an EPS (Diluted) of Rs. 5.29 for H2FY24, a significant rise from Rs. 2.20 in the same period last year.

For the financial year ended March 31, 2024, Pashupati Cotspin Ltd recorded a 114% year-on-year increase in net profit, totalling Rs. 8.30 crores, compared to Rs. 3.87 crores in the previous fiscal year. Total income for FY24 also saw a 48% growth, reaching Rs. 669.09 crores, up from Rs. 451.87 crores in FY2023. The EPS (Diluted) for FY24 was reported at Rs. 5.43, compared to Rs. 2.54 in the previous year. The company has recommended a final dividend of Rs. 0.75 per equity share (7.50%) for the financial year ended May 31, 2024.

Pashupati Group is dedicated to comprehensive environmental management alongside its renewable energy initiatives. The group utilizes advanced waste management techniques to reduce greenhouse gas emissions and recycle waste, including converting biological waste into 35,000 kg of fertilizer annually. Additionally, the company focuses on water conservation through rainwater harvesting and wastewater treatment. It also promotes biodiversity by planting over 2,000 trees on its campus.

The group prioritizes sustainability, governance, and social responsibility through various initiatives, including community outreach, cancer awareness, education support, and employee welfare. Additionally, the group’s animal welfare programs exemplify its comprehensive approach to corporate social responsibility. It’s relentless focus on renewable energy and sustainability sets a powerful precedent for industries worldwide. Under Saurin Parikh’s leadership, the group continues to drive a future where economic growth and environmental stewardship are mutually inclusive.

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New Delhi, April 02 - The Indian Renewable Energy Development Agency (IREDA) has achieved a significant milestone, recording its highest ever annual loan sanctions and disbursements in the financial year 2023-24. This achievement underscores IREDA's unwavering commitment to supporting India's renewable energy goals.

In a statement released by the Ministry of New and Renewable Energy, IREDA reported sanctioning loans worth a staggering Rs 37,354 crore during the fiscal year. This represents a 14.63% increase compared to the Rs 32,587 crore sanctioned in the previous year (2022-23). Notably, loan disbursements also reached a new high of Rs 25,089 crore in FY 2023-24, exceeding the Rs 21,639 crore disbursed in FY 2022-23.

The final quarter (January-March) of FY 2023-24 witnessed a particularly strong performance, with loan approvals more than doubling to Rs 23,796 crore compared to Rs 11,797 crore in the same quarter of the previous year.

Pradeep Kumar Das, IREDA's Chairman and Managing Director, hailed this achievement as a testament to the organization's dedication to fostering the renewable energy revolution in India. "IREDA's record loan approval and disbursement for the last financial year underlines our strong commitment to drive the renewable energy revolution in the country," he said.

As a leading public sector undertaking, IREDA plays a crucial role in promoting renewable energy by providing financial assistance and other services to projects focused on renewable energy sources, energy efficiency, and conservation efforts. This record-breaking performance by IREDA signifies a positive step towards a greener future for India.

New Delhi, Feb 3 (IANS) As India aspires to become a $5 trillion economy by 2025, sunrise sectors like Electric Vehicles (EVs), renewable energy, semiconductors, electronics manufacturing and more – which have the potential to transform the country’s economic landscape -- have been given a renewed focus by the government.

The Rs 1 lakh crore corpus, to provide long-term, interest-free financing for the tech-savvy youth is a positive measure as access to capital is a critical factor to support innovation and growth in sunrise industries.

Presenting the Interim Budget in the Lok Sabha last week, Finance Minister Nirmala Sitharaman said that this corpus will provide "long-term low or nil interest rates so that the youth can innovate at scale."

“For our tech-savvy youth, this will be a golden era. A corpus of Rs 1 lakh crore will be established with a 50-year interest-free loan. The corpus will provide long-term financing or refinancing with long tenors and low or nil interest rates,” said the Finance Minister.

This will encourage the private sector to scale up research and innovation significantly in sunrise domains.

“We need to have programmes that combine the powers of our youth and technology,” she said.

Lieutenant-General Dr SP Kochhar, Director General, Cellular Operators Association of India (COAI), said that the long-term, interest-free or low interest rate loans and focus on deep technology will “further encourage the private sector to scale up research and innovation.”

Ankur Bansal, Co-Founder and Director, BlackSoil Capital, said the move will encourage entrepreneurship.

“In addition, such initiatives will attract investment from the private sector and foreign investors, driving growth and propelling India towards self-reliance,” said Bansal.

The Finance Minister said that a new scheme will be launched to strengthen the deep-tech sector for Defence purposes.

Peeyush Vaish, Partner and TMT Industry Leader, Deloitte India, said that the large interest-free outlay will further boost our tech start-up ecosystem in emerging areas around 5G, generative AI, agritech and healthtech.

“The Rs 1 lakh crore corpus that will be made available with 50-year interest-free (long-term financing or refinancing) to encourage the private sector to scale up R&D in Sunrise domain is a welcome move for the sector. This will push India to the forefront of innovation and skill enhancement,” said Vaish.

Neeraj Bansal, Co-Head and COO, India Global, KPMG in India, said the corpus will help in improving India’s research and innovation ecosystem, critical to the country’s aspirations of being a $5 trillion economy.

The government will also expand and strengthen the EV ecosystem by supporting manufacturing and charging infrastructure.

The focus on boosting EV charging stations will drive sales of both vehicles and charging infrastructure.

Kanishk Maheshwari, Co-Founder & MD, Primus Partners, said that the new scheme for bio-manufacturing and biofoundry is a welcome step towards promoting sustainable and green manufacturing practices.

"It augurs well for both large and MSME units and should enable fast adoption of green manufacturing practices in the manufacturing process," he said.

India is making progress in building its EV charging infrastructure in order to phase out diesel vehicles in a stipulated time-frame but there is still a long way to go.

Currently, the ratio of EVs to charging stations is nearly 9:1, while the ideal ratio should be 4:1, meaning four cars per one charging point.

According to industry experts, most of the public charging stations are currently available in Tier 1 cities and some highways.

"However, for mass EV adoption to occur, charging infrastructure must be accessible throughout the country to encourage people to choose EVs for long-distance travel," senior analyst Soumen Mandal from Counterpoint Research told IANS.

India is likely to have 10,000 public charging stations by the end of 2025.

"Furthermore, in order to achieve a 30 per cent EV adoption rate, India must build more than 300,000 public charging stations by 2030," Mandal said.

Additionally, government initiatives like the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles (FAME) scheme further incentivise EV adoption.

Another sunrise sector is clean energy, which promises a golden opportunity for companies to develop cutting-edge solutions to innovate further solar panels, wind turbines, and energy storage systems.

The industry hailed the government's latest push towards ‘green growth' with a new scheme of bio-manufacturing and bio-foundry that will foster sustainable mobility.

The Government said that such steps will provide environment-friendly alternatives such as biodegradable polymers, bio-plastics, bio-pharmaceuticals and bio-agri-inputs.

“This scheme will also help in transforming today’s consumptive manufacturing paradigm to the one based on regenerative principles,” said Sitharaman.

According to Neeraj Bansal the emphasis on green energy, announcement of rooftop solarisation and the fostering of the EV ecosystem underline the government’s priority on sustainability.

Mayank Bindal, Founder and CEO, Snap E Cabs (EV Cabs), said the announcement of a new scheme for bio-manufacturing “underscores the government's dedication to promoting green growth and environmental stewardship.”

“The government’s continued focus on the EV ecosystem is indeed a pragmatic step forward and will continue to help India succeed in achieving its long-term decarbonisation objectives. This is an exciting time for the country's green industrial and economic transition,” said Manoj Nair, Head of India GDC, Fujitsu India.

In order to achieve the target of net zero carbon emissions by 2070, there has been an emphasis on a green economy with focus on expansion of solar energy, bio fuels and charging infrastructure which will raise the need for green skills.

Modhera, Feb 3 (IANS) A unique blend of tradition and modernity, the hamlet of Modhera, nestled in the heart of Gujarat, has carved its name in history by becoming India's first solar-powered village.

This initiative, which caught global attention, is a significant stride towards achieving a harmonious balance between progress and environmental conservation.

Prime Minister Narendra Modi highlighted the village's distinction as the first in the nation to enjoy round-the-clock solar power.

Set up with an investment of $9.7 million, the solar project in Modhera is a testament to the collaborative efforts of the Union Government and the Government of Gujarat.

This ambitious project has equipped the village with excess renewable energy, setting a sustainable template for others to follow.

As UN Secretary-General António Guterres noted, Modhera is a symbol of "reconciliation between humankind and the planet.”

The solar initiative has brought about a radical transformation in the lives of Modhera's residents as the transition to renewable energy has enabled residents to save substantially on their power bills. The savings range from 60 to 100 per cent.

Spanning nearly 30 acres, Modhera's solar infrastructure includes ground-mounted panels and rooftop installations, generating more power than the village's daily consumption.

The infrastructure includes a six megawatt (MW) ground-mounted project, a 15 MW battery storage system, and one kilowatt (KW) rooftop set-ups on over 1,300 houses.

This framework caters to the villagers' needs and opens avenues for income generation by selling surplus power back to the grid and lowering bills.

Villagers like Ashaben reported savings in electricity costs, turning their once-substantial bills into credits. This financial liberation is emblematic of the broader benefits that renewable energy can offer to rural economies.

The Sun Temple of Modhera, a 1,000-year-old architectural marvel, now boasts features like a 3D light show and electric vehicle charging stations in its parking area.

Even as Modhera takes a giant leap in the modern world by harnessing solar power, it honours its traditional association with the Sun Temple and sets a benchmark for sustainable development.

The residents of Modhera are not just embracing a new energy source they are pioneering a movement, leading the way towards a future where renewable energy and environmental stewardship go hand in hand.

Bhuj: Chief Minister Bhupendra Patel visited the colossal 30,000 MW Solar-Wind Hybrid Renewable Energy Park in Khavda, Kutch, on Wednesday, personally overseeing the progress of this groundbreaking project. Dubbed the world's largest hybrid renewable energy park, the ambitious green energy initiative is estimated to cost a staggering Rs 1.50 lakh crore.

Reviewing Progress, Fueling Green Ambitions:

Patel convened a high-level meeting with key stakeholders, including representatives from Central and State Government enterprises like NTPC, GIPCL, and GSEC, intricately involved in the park's operation. Accompanied by Energy Minister Kanubhai Desai, Chief Advisor Dr. Hasmukh Adhia, and top officials, the Chief Minister meticulously reviewed the work progress.

Patel, brimming with inspiration, exhorted the officials to ensure timely completion and efficient delivery of the park's energy output. He emphasized the critical role this project plays in fulfilling Prime Minister Modi's green energy vision, urging efficient transmission and distribution of the generated power to Gujarat and beyond.

Planning for Efficiency, Prioritizing Speed:

Discussions delved into crucial aspects like power generation, timely evacuation and transmission planning, including pooling stations and transmission lines. Recognizing the project's national significance as a key element of the Prime Minister's vision, Patel recommended the Energy Department hold regular review meetings to monitor progress and address potential roadblocks.

Witnessing the Green Gigawatt Dream:

Following the meeting, Patel, along with senior officials, embarked on a site visit, witnessing firsthand the vast scale of the project spread across roughly 74,600 hectares near Dharamshala on the Kutch border.

Chief Minister Patel's visit signifies the Gujarat government's unwavering commitment to clean energy and the realization of Prime Minister Modi's ambitious green vision. The 30,000 MW Solar-Wind Hybrid Renewable Energy Park stands as a beacon of hope for a future powered by sustainable energy, and Patel's personal involvement underscores the state's dedication to making this dream a reality.

New Delhi, Dec 6 (IANS) The central government on Wednesday said it is working on new technologies such as Small Nuclear Reactors to fulfill its commitment to a clean energy transition.

Small capacity atomic power plants, popularly called Small Modular Reactors (SMRs), with their unique features of modularity, scalability, small footprint and improved safety present themselves as an attractive option for repurposing of retiring coal-based thermal power station sites, Minister of State for Atomic Energy and Space Dr Jitendra Singh said in a written reply to a question in the Lok Sabha on Wednesday.

Deploying Small Modular Reactors (SMRs) across the country, especially in locations not suitable for large nuclear plants, can produce a large amount of low-carbon electricity. In order to move away from fossil fuel consumption, SMRs can be installed and operated for repurposing the aging fossil fuel-based power plants, he explained.

However, SMRs are not expected to serve as replacement to conventional large-sized nuclear power plants, which serve as base load plants.

Nuclear power plants are installed and operated in line with stringent regulatory requirements to contain radiation and to avoid exposure to the public in all circumstances. The techno-commercial aspects of SMRs are still in initial stages even globally and its large-scale deployment depends on various factors, including regulatory harmonization globally by International Atomic Energy Agency (IAEA), especially considering emergency planning zones and public acceptance., the statement added.

New Delhi, Dec 3 (IANS) Investment firm BlackRock Inc.'s equity holding in renewable energy company Suzlon Energy has moved above the 5 per cent level with the acquisition of about 24.73 lakh fresh equity shares in the company, Good Returns reported.

"The aggregate holdings of BlackRock, Inc. (on behalf of discretionary management clients) in Suzlon Energy Limited has moved above 5 per cent," said the regulatory filing.

As per the filing BlackRock has bought 24,73,442 shares (0.02 per cent of total share capital) in Suzlon Energy, in addition to 68,02,13,598 shares (4.99 per cent of the total share capital) already held in the company.

Following the acquisition of 24,73,442 shares on November 30, 2023, BlackRock's aggregate holding has increased to 5.01 per cent in Suzlon Energy, Good Returns reported.

BlackRock now holds 68,26,87,040 shares (5.01 per cent of the total shareholding) in the Suzlon Energy.

The share price of Suzlon Energy last closed 2.86 per cent lower at Rs 39.42 per share on Friday.

In the last one year, Suzlon Energy shares have gained 335.58 per cent, while in this year so far the stock is up 267.72 per cent.

The returns from the stock in the last 3 years and 5 years are up 1112.92 per cent and 733.40 per cent, respectively.

The company commands a market capitalization of Rs 53,513.68 crore.

From left to Right Mr. Neil Karani – VP and Treasurer, BMAI Dr. Akhilesh Sarraf – President, BMAI Mr. Sanjiv Gupta – Core Committee Member, BMAI

New Delhi (India), November 9: As the world grapples with environmental challenges and energy security concerns, India’s Biodiesel sector is stepping up to provide greener and more sustainable alternatives. This Industry has witnessed unprecedented growth and is on path to create a milestone in India’s pursuit of reducing its dependency on imported fossil fuels.

While the industry has made noteworthy progress, it is imperative for all stakeholders, to collaborate to ensure that it continues to grow and thrive.

Shri Sidhartha Mitra, GM (Biofuels) of Indian Oil Corporation says, “We are committed to increase Biodiesel blends in the country and have overcome many challenges and this can be seen because the Oil Companies have recently published a one year Expression of Interest (EOI) for purchase of 165 crore litres of Biodiesel and this number will only grow. Under the guidance of the Ministry of Petroleum and Natural Gas, we are geared up to increase blending levels to assist in achieving our Country’s commitment of Net Zero emissions by 2070”

This industry commenced with about 11 units and is expected to touch 100 units across the country. Notable established manufacturers in the country like Universal Biofuels in the South region, Monopoly Innovations in Western Region, BioD Energy and Kotyark Industries in Northern Region, Emami Agrotech in Eastern Region, have given a major impetus due to the ever-growing opportunity it presents.

During the General Body Meeting coinciding with the Industry Prebid Meeting of the One Year Biodiesel EOI, held on 21st September 2023, in New Delhi, Dr. Akhilesh Sarraf, President of the Biodiesel Manufacturers Association of India said “Biodiesel has a potential to replace 1650 crore litres of conventional diesel in near future which will lead to an import saving of more than Rs. 49,500 crores every year and reduction of 3.27 crores metric tonnes of carbon dioxide emissions per year. The industry has numerous socio-economic benefits like encouraging entrepreneurship through the Make in India programme, increasing farmer income, greening wastelands, reduction of carbon emissions and many others.”

As the Biodiesel Industry in India flourishes, it not only contributes to a greener environment but also bolsters the Nation’s energy security. 

The Biodiesel industry’s growth is a testament to India’s commitment to a sustainable future, echoing the global call for a cleaner and more sustainable world.

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GANDHINAGAR, October 3rd - Stepping into a greener future, Gujarat has made significant strides in the renewable energy (RE) sector, with remarkable projects such as the Gujarat Solar Park at Charanka and India's maiden canal-top solar power and Battery Energy Storage System (BESS) projects.

Milestone achievements include providing 24/7 solar power to every household in Modhera village, Mehsana district, making it India's first village to boast continuous solar energy supply. With an ambitious eye on the future, Gujarat is in the midst of developing a colossal 30 GW wind-solar hybrid RE park in Kutch. Demonstrating a robust commitment to eco-friendly energy, the state has set its sights on achieving a mammoth 80 GW of renewable energy by 2030.

Remarkably, 30% of this ambitious target, approximately 22.5 GW, has already been realized. Boasting immense wind energy potential both onshore and offshore, Gujarat is at the forefront of sustainable energy development strategies. Furthermore, the state has enthusiastically embraced the electric vehicle (EV) revolution, with over 60,000 EVs registered, aiming for 2 lakh by 2025. Owing to its sustainable approach, Gujarat stands out as a preferred destination for global industrial investment.

Gujarat's advantageous geographical location, paired with its vast coastline, positions it as a prime hub for renewable energy ventures. International platforms such as the Vibrant Gujarat Summit play a pivotal role in attracting global investments and promoting renewable projects within the state.

Investment Potential in Gujarat

The state presents a plethora of investment opportunities in the RE sector, spanning manufacturing, services, and infrastructure. Prospective ventures range from solar cell and module manufacturing to renewable park development, EPC contracts, and setting up advanced transmission networks.

Pioneering renewable energy corporations, including Powerica, Siemens, Vistas, GE, and Suzlon, have established their successful wind projects in Gujarat. Notably, Powerica, as the first private sector entity, surpassed expectations by commissioning a 50.6 MW wind power project ahead of schedule in 2019.

The Suzlon Group, a leading global renewable energy provider, boasts extensive wind power installations worldwide. Their prominent manufacturing facility in Jamnagar, Gujarat, significantly contributes to their global renewable endeavors.

Gujarat: A Renewable Powerhouse

By August 2023, renewable sources accounted for an impressive 46.24% of Gujarat's total installed capacity, solidifying its leadership in the country's green energy arena. Contributing a significant 15.2% to India's overall renewable electricity generation, Gujarat stands as a beacon in the nation's journey towards a sustainable future.

This commitment to green energy is further exemplified by pivotal policies such as the "Gujarat Waste to Energy Policy 2022," positioning Gujarat as the premier choice for industries, businesses, and investors alike.

• An esteemed panel of experts discussed the focal points of “Solar Energy, Wind Energy, Bio-Energy, Energy Storage, Electric Vehicles, and Charging Infrastructure” during the preview in Surat by Informa Markets in India
• 16th edition of REI Expo to take place during 4-6 October 2023 at the India Expo Centre (Greater Noida, UP)
• The REI Expo is estimated to attract over 700 Exhibitors, 40,000 trade visitors and esteemed policy-makers, decision-makers, influencers, technical experts and professionals

Surat (Gujarat) [India], September 8: Informa Markets in India, nation’s premier exhibitions organizer, is gearing up to host the 16th edition of the monumental Renewable Energy India (REI) show, Asia’s largest expo in the renewable energy space, which is slated to take place from 4^th to 6^th October 2023 at India Expo Mart, Greater Noida, Delhi-NCR. It will be collocated with the highly anticipated launch edition of ‘The Battery Show India’.

With the curtain set to rise on the shows in just a month, Informa Markets in India organised an exclusive pre-event press conference today at the Surat Marriott Hotel, Surat. The preview served as a dynamic platform for key stakeholders, government representatives, and media personnel to delve deep into India’s renewable energy industry’s boundless potential. The spotlight also shone on the pre-eminence of Gujarat as a spirited participant at Asia’s lead show on green and sustainable energy.

The event’s high-powered panel featured prominent figures such as Mr Sandesh Shetty, National Sales Head (Modules), Waaree Group; Mr Bharat Bhut, Co-Founder & Director, Goldi Solar; Mr Paresh Shingala, Director – Pahal Solar, Mr. Shwetal Shah, Technical Advisor, Climate Change Department Government of Gujarat, Mr Chirag Nakrani, Founder & Managing Director, Rayzon Solar; Mr. Ramesh Vaghasia, President,  The Southern Gujarat Chamber of Commerce and Industry and Mr Rudranil Roysharma, Director – Energy & Environment, Frost & Sullivan India. Moderated by Mr Rajneesh Khattar, Senior Group Director, Informa Markets in India, the vibrant panel delved into critical topics shaping India’s renewable energy future. Discussed were investment climate, access to capital, emerging prospects in Agro PV, Energy Storage, and Green Hydrogen, along with strategies for sustainable growth within the dynamic industry landscape.

Continuing the trajectory of achievement set by REI 2022, which garnered the attention of more than 31,000 attendees, this year’s showcase is poised to welcome an even larger gathering, with projections surpassing 40,000 participants. This surge speaks volumes about the growing traction and significance of REI within the renewable energy domain, particularly in India. The country’s triumphant emergence on the global stage across multiple benchmarks further amplifies the event’s resonance and relevance.

Speaking on the occasion, Mr Yogesh Mudras, Managing Director, Informa Markets in India, said “Green energy assumes a pivotal role within our nation’s strategic renewable endeavours. The co-location of the REI expo and The Battery Show will create an illuminating showcase of India’s monumental strides in the renewable sphere. This dynamic collaborative platforms empower stakeholders to unveil groundbreaking innovations, nurturing global dialogues, multipolarity, and cooperative ventures that galvanize our collective aspirations in the realm of sustainable energy.

Within this arena, Gujarat takes centre stage, charting an inspiring path in clean energy expansion. With aspirations to eclipse 38,000 MW by 2025 and surge past 61,000 MW by 2030 from its current capacity of 13,152 MW, Gujarat’s dedication shines through visionary projects like the Kutch hybrid park, firmly establishing itself as a frontrunner in the Indian clean energy revolution,” he added.

Chief Minister Bhupendra Patel’s vision for the state to become India’s renewable energy capital by 2025 is exemplified by the substantial 6,835 MW of wind power and 6,325 MW of solar power installed as of December 2022. GUVNL, with an impressive renewable energy capacity of 13,160 MW, further underscores Gujarat’s prominence.

As the press conference concluded, attention shifted to the imminent 16th Renewable Energy India 2023 Expo (REI), poised to reshape India’s renewable energy landscape. With a focus on innovation, REI Expo 2023 spotlights cutting-edge technologies, electric mobility, green hydrogen, and solar integration along the Jaipur-Delhi-Agra e-highway. Advancements in the Biogas, Bio Methane, and Bio Fertilizer industry will also take centre stage.

A remarkable experience truly awaits participants at the expo, contributing to the future of sustainable energy in India.