Panel: Policy and Market Outlook - Sprinting to the 100GW Finish Line

Wednesday, December 07, 2022
Time
11:45 am - 01:15 pm
Hall
Conference Area
Room
Conference Room I

India's revised targets for solar installed capacity was 100 GW by 2022. As against that, the installed capacity stood at about 54 GW at the end of March 2022. The Government of India had announced in the parliament in November 2021 that solar generation projects totalling 107 GW are either installed or in various stages of implementation or tendering. In this session, we focus on how the central and state level policies can turbo-charge the growth of solar installation.

The topics will include

  • Are there ways to tweak auctions or tendering to expedite solar installations?
  • With the solar project costs stabilising, is it time to move!

11:45 am - 11:50 amWelcome and Introduction

Vinay Rustagi

Managing Director

BRIDGE TO INDIA Energy Pvt. Ltd.

11:50 am - 01:15 pmPanel: Policy and Market Outlook - Sprinting to the 100GW Finish Line

Dr. Martin Lux

Designated Head of Energy

KfW Development Bank

Subrahmanyam Pulipaka

Chief Executive Officer

National Solar Energy Federation of India (NSEFI)

Vinay Kumar Pabba

COO

Vibrant Energy

B. Lakshminarayanan

Deputy General Manager

Ayana Renewable Power Pvt Ltd

Deepak Krishnan

Associate Director

WRI

Speakers

Speaker

Subrahmanyam Pulipaka, National Solar Energy Federation of India (NSEFI)

Chief Executive Officer

India

Subrahmanyam Pulipaka is the youngest chief executive officer of National Solar Energy Federation of India, an umbrella organisation representing companies along Indias photovoltaic value chain. He is the recipient of BRICS Energy for Thought - Young Scientist award - 2018. Previously he was the co-founder and CEO of Soreva Energy, one of the 10 Energy startups representing India at RISE-2017, Hong Kong. Subrahmanyam is one of the 50 Indian young CEOs shortlisted for Global Entrepreneurship Summit- 2017, Hyderabad chaired by Hon. PM of India Narendra Modi and Ms. Ivanka Trump - advisor to the President of the United States of America. He has been involved in active research on the reliability of solar photovoltaics and was one of the youngest researchers to represent India at many international forums. Apart from this, he has also been actively involved in solar skill development and policy deliberation activities and addressed various intergovernmental sessions in India and abroad.

Speaker

Dr. Martin Lux, KfW Development Bank

Designated Head of Energy

Germany

Dr. Martin Lux is heading the energy team of KFW Development Bank India office since August 2020. He has been working for KfW since 2010. Before coming to India, he was a sector economist for climate finance and climate mainstreaming since 2016. He has more than 25 years of experience in climate mitigation and adaptation, energy, governance, practical forestry, and environmental and natural resources management. Apart from Germany he has lived and worked in Costa Rica, Venezuela, Indonesia, Guatemala, Bolivia, Ghana and India. He studied forestry (M.Sc.) with specialization in ecology and silviculture and business administration (MBA) with specialization in development economics and wrote his PhD thesis on natural resource management and sustainable regional development in Venezuela.

Speaker

B. Lakshminarayanan, Ayana Renewable Power Pvt Ltd

Deputy General Manager

India

An alumnus of IIT Madras and Anna University, Mr. Lakshminarayanan is the DGM at Ayana Renewable Power. Prior to his current role, he worked in Faber Capital, PR Fonroche and L&T.

Speaker

Deepak Krishnan, WRI

Associate Director

India

Deepak is the Associate Director for WRI India's Energy Program and leads work on Clean Energy Initiatives (Renewable Energy & Energy Efficiency) for different consumer categories; Clean Energy Transitions and Water-Energy nexus.

Speaker

Vinay Kumar Pabba, Vibrant Energy

COO

India

P. Vinay Kumar, COO of Vibrant Energy, backed by the Macquarie Group, is a Renewable Energy industry veteran with a track record of having built and managed ~ 3000 MW of Solar and Wind Assets. o As a Former CEO & MD of Brookfield Asset Management - India Renewables he was instrumental in launching Brookfield in the Renewables sector in India. He has also been an Independent Director on the Board of KKR-backed Virescent India which is one of India's first white-label RE InVITs. o Prior to Brookfield, he worked as COO of Greenko Group leading the Project Development Group. He built 3 GW of solar and wind plants including the world's largest solar plant (817 MW DC) in Kurnool (India) while at Greenko. Also part of the core team that dilgienced multiple acquisitions - including that of SunEdison's assets in India. o During prior stints with EPC companies in Transmission and Distribution, he executed largeformat transmission and distribution projects in India/Africa. Has experience across the Power Value chain (Generation, Transmission and Distribution). o Began his career with the Indian Revenue Service (IRS) where he spearheaded transformational IT initiatives for Indian Customs, like the Risk Management Systems (RMS) which won him the PM's award for excellence in Public Administration. He is also a recipient of the Finance Minister's Medal for best Officer and was also awarded the Samman Patra recognition. o Adjudged Solar Person of the year 2017 - by EQMag, among Solar heroes of 2018, and more recently among 100 most powerful solar leaders in 2021. He is a recognized industry thought leader, influencer in the clean energy industry in India. o Has a Bachelor's degree in Engg. from IIT Madras, PGDBM from XLRI Jamshedpur, and is a CFA.

Speaker

Vinay Rustagi, BRIDGE TO INDIA Energy Pvt. Ltd.

Managing Director

India

Vinay has been working as Managing Director at BRIDGE TO INDIA since August 2013. He advises companies, institutions and policy makers on a vast range of strategic, policy, financial and business development challenges in the Indian solar market. Vinay is passionate about developing successful, profitable and sustainable business models that solve India's energy problems without having an adverse impact on the environment. Prior to this, he worked at Standard Chartered Bank as Senior Director, Project Finance, South Asia and financed a number of wind and solar projects in India. Other previous job stints include working at National Australia Bank and Sumitomo Mitsui Banking Corporation where he was responsible for debt financing of big-ticket infrastructure and energy projects. Vinay holds an MBA degree from London Business School and IIM Ahmedabad in addition to BE Mechanical from Delhi College of Engineering.

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