The Germany Embassy in New Delhi is all geared up to host a crucial event, ‘Financing the Renewable Energy Revolution’ on Friday. Organized as part of the Indo-German Partnership for Green and Sustainable Development GSDP. This program shall further India’s goals relating to renewable energy.
The GSDP Conversation Series will bring political, financial, and social insights into the Renewable Energy Initiatives of India. This will further enhance Indo-German collaboration on this front. It is part of the International Solar Festival at Bharat Mandapam, New Delhi. The occasion will bring together leaders from different walks of life to debate the pitfalls. And opportunities regarding accelerating the pace of India’s renewable energy aspirations.
Thus, in the generation of electricity, it has set an ambitious target of 500 GW. And green hydrogen production to achieve 125 GW of renewable energy capacity by 2030. The global commitment to tripling renewable energy capacity in any operational function by the year 2030 will be led by GSDP conversation to attract required financial investments, political frameworks, and social initiatives.
According to the Head of Development Cooperation at the German Embassy in New Delhi, Uwe Gehlen, Germany has always remained committed to renewable energy. “Germany enjoys a rich history in renewable energy due to early decisions to innovate and take risks. We are committed to supporting India’s leadership in this global energy transition.”. The collaboration will not be just about the transfer of technology but building local capacities. And fostering regulatory frameworks that will drive a quick transition to sustainable energy.
The Director-General of the International Solar Alliance, Dr. Ajay Mathur, underlined global cooperation. “The partnership between India and Germany demonstrates exactly how international collaboration can move the clean energy agenda forward. Together, we could much better accelerate the use of renewable technologies such as solar for universal access to affordable and accessible energy. Combined competencies and a platform such as this will go a long way in realizing a sustainable and resilient energy future.“
It would also include keynotes from key representatives. Such as those from the Indian Ministry of New and Renewable Energy (MNRE), on themes such as enhancing international cooperation, de-risking investments in renewable energies, social inclusiveness through skill development, to political commitment for the attainment of shared goals of the Indo-German partnership.
The event acts as a precursor to RE-INVEST 2024. A premier international platform that will showcase India’s potential in renewable energy. This discussion will eventually provide valuable inputs into the RE-INVEST dialogue. And form a platform for announcing significant investments and collaborations in India’s renewable energy sector.
ANI
