It is imperative for India to look for alternate sources of energy to improve self-sufficiency while pursuing the green path to progress. Biofuels have the potential to significantly contribute to these goals.
The Confederation of Indian Industry, supported by the Ministry of New and Renewable Energy, and the Department of Biotechnology, Ministry of Science & Technology, Government of India, will host the 9th edition of its flagship event, the CII Bio-Energy Summit 2019 on 23 September 2019 at Sovereign Hall, Le Méridien, New Delhi.
Amidst the growing international carbon footprint menace, India’s emerging leadership in renewable energy has received global recognition.
Rapidly evolving technology, conducive policy environment and increasing cost efficiency has transitioned renewables from alternative to mainstream source of energy. The wind industry is supporting the Government’s ‘Make in India’ initiative with over 75% localisation.
The target of 175GW of renewable energy by 2022 and the formation of the International Solar Alliance with India in the lead are examples of our commitment towards clean energy. With both solar and wind power established as being cheaper than coal-based power, going by economic logic alone, majority of India’s future capacity additions should be through renewables.
Today, the cost of solar power is significantly lower than utility tariffs for industrial and commercial consumers in India. Solar projects, due to their negligible variable cost, can offer fixed tariffs for 20/25 years, providing low cost, fixed price and zero carbon electricity over the long term.
Since 2015, investment in renewables by developing economies has exceeded that by developed countries; in FY2017, the global renewables industry saw fresh investment worth over USD 280 billion.