Solar Project Development

Wednesday, February 21, 2024

Time
09:15 am - 10:45 am
Hall
The Leela Hotel
Room
Room: Bandhej

According to the Ministry of New and Renewable Energy(MNRE), at the end of June 2023, India's total renewable energy installed capacity stood at about 130 GW, of which 70 GW was solar. India set itself a target of 280 GW of solar capacity by 2030, and this would mean that India has to install another 30 GW every year for the next 7 years to meet the target. In this session, experts from the Government and Industry will discuss about the means to achieve the ambitious goal of 280 GW of solar capacity by 2030 and what are the headwinds and tailwinds from a solar project development perspective.

09:15 am - 09:20 amWelcome and Introduction

Rohit Gadre

Senior Associate

BloombergNEF

09:20 am - 09:35 amIssues and Solutions of Existing Floaters for Floating Solar Power (FPV)

Jason Eom

Chief Executive Officer

ETI E&C Co. Ltd.

09:35 am - 10:45 amPanel Solar Project Development

Vinay Rustagi

Managing Director

BRIDGE TO INDIA Energy Pvt. Ltd.

Karnik Prasad

Vice President

JSW Steel Coated Products Ltd

Vinay Kumar Pabba

COO

Vibrant Energy

Rohit Gadre

Senior Associate

BloombergNEF

Speakers
Speaker
Karnik Prasad, JSW Steel Coated Products Ltd

Vice President

India

Mr Prasad is a hardcore steel industry professional with more than 26 years of multi-faceted experience in P&L management, Sales & Marketing, Strategy formulation, Business Development & Channel Management. He is currently working with JSW Steel Coated Products Ltd as Vice President, handling the Business development of Coated Steel Products in International and Domestic Markets. Mr Prasad carries a rich experience being previously associated with companies of repute in various leadership roles. Before joining JSW Steel Coated Products, he was posted in Sri Lanka as Country Manager of BlueScope Lysaght Lanka to manage their SBU. Mr Prasad has also worked as Head of Sales - SAARC region at Tata BlueScope Steel as part of his previous assignments. He has a good understanding of ERP and has knowledge of implementing the same in various business environments in his current and previous roles. Mr Prasad is a Metallurgy Engineer and alumni of Govt. College of Engineering, Pune with MBA in Marketing from Pune University

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
Jason Eom, ETI E&C Co. Ltd.

Chief Executive Officer

Korea

Jason Eom is CEO of ETI E&C Korea, which developed and produces the world's first eco-friendly, top-notch floating bodies for floating Photovoltaics. He is interested in the development of floaters, which is very important in floating photovoltaics (FPV), and is proposing FPV as an important axis of India's Solar Project Development. The ECOFLOAT developed by his company is a new buoyancy paradigm that overcomes the shortcomings of the existing HDPE floaters to realize durability, weather resistance, structural stability, and use eco-friendly materials to achieve a generational change of floating bodies. After starting his career as an engineer at Samsung, he worked as a plant manager at the Dow Chemical and GE, and as CEO at CS Wind, a renewable energy company etc. With decades of professional experience in technology and commerce, exceptional experience in cross-border sales and operations, and the ability to manage organization from diverse cultures and different countries, he is a proven leader. In particular, he has worked on factory automation projects at Modern Coach Factory in INDIA over the years. He majored in chemical engineering at Hanyang University in South Korea, obtained MBA at Korea University, and studied international business at the University of British Columbia (UBC). He also holds Master Black Belt (MBB) certificate for Lean Six Sigma awarded by GE Corporation.

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.

Speaker
Rohit Gadre, BloombergNEF

Senior Associate

India

Rohit Gadre leads BNEF's solar sector research for India. His focus is on analyzing market trends, policy dynamics, companies' strategies and building forecasts to provide strategic insights on the development in the sector. Rohit previously worked as a consultant with DNV GL Singapore advising regulators, government agencies, utilities, developers and credit ratings agencies on regional electricity markets, energy policies and energy efficiency standards. Rohit holds an MSc in the Economics and Policy of Energy and the Environment from University College London and B.E. in Environmental Engineering from Nanyang Technological University, Singapore.

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