The German Embassy in New Delhi, operating under the Indo-German Partnership for Green and Sustainable Development (GSDP), is set to host an important discussion titled 'Financing the Renewable Energy Revolution'.
According to a press release from the German Embassy to India, the GSDP Conversation Series explores the political, financial, and social dimensions of India's renewable energy objectives, aiming to strengthen Indo-German collaboration.
This event, part of the International Solar Festival at Bharat Mandapam in New Delhi, will gather leaders from various sectors to examine the complex challenges and opportunities associated with advancing India's renewable energy goals.
India aims to achieve a substantial 500 GW of renewable energy capacity for electricity generation and 125 GW for green hydrogen production by 2030. As India leads the global effort to triple renewable energy capacity by 2030, this segment of the GSDP conversation series will delve into the necessary financial investments, political frameworks, and social initiatives needed to support this transition.
Uwe Gehlen, Head of Development Cooperation at the German Embassy in New Delhi, reflected on Germany's enduring commitment to renewable energy. He noted that Germany's dedication began with early decisions to innovate and take risks in developing sustainable technologies. He emphasized that Germany's partnership with India extends beyond technology transfer to include supporting India's leadership in the global energy transition. By sharing expertise, fostering regulatory frameworks, and building local capacities, the partnership aims to drive a rapid shift toward sustainable energy, utilizing combined strengths for a cleaner and more resilient future.
Dr Ajay Mathur, Director General of the International Solar Alliance (ISA), underscored the significance of global cooperation in speeding up clean energy deployment. He highlighted that the collaboration between India and Germany serves as a powerful example of how global efforts can advance the clean energy agenda. Dr Mathur pointed out that India's leadership, in partnership with Germany, can significantly enhance the deployment of renewable technologies such as solar, ensuring accessible and affordable energy for everyone. Through joint expertise and platforms like this, they aim to build momentum towards achieving a sustainable and resilient energy future.
