Investments are Imperative to Achieve India’s Ambitious Solar Target

The 'Mercom India Solar Summit 2022' will be held in New Delhi on July 28-29


Foreign investors have been teaming up with local independent power producers to tap into India’s booming solar market.  Riding on the heels of a growing economy and strong support from the government toward renewable energy, India is positioned to be one of the most promising markets in the solar sector for years to come.

India has set an ambitious target of 280 GW of solar installations by 2030, offering investors an attractive market. Policies like 100% foreign direct investment and 25-year power purchase agreements are some of the crucial factors driving the inflow of investments into the sector.

Mercom is hosting ‘Mercom India Solar Summit 2022,’ an exclusive event on July 28-29 in New Delhi where stakeholders across the solar sector will participate.

The summit will address critical issues, opportunities, and emerging trends in the industry, including the government’s push for local manufacturing, its aggressive solar installation goal, supply chains, technology, financing, and more.

In one of the sessions titled ‘Financing, M&A, and Deal-Making – Trends Going Forward,’ scheduled for July 29, 2022, panelists will discuss the implications of mergers and acquisitions as India expands into solar manufacturing.

The panel will have P K Sinha, Executive Director (Projects), Power Finance Corporation Limited (PFC); Sreekumar Chatra, Sr. EVP, Edelweiss Alternative Asset Advisors; Hitesh Paliwal, Sr. VP & Zonal Head, North Zone, Corporate Banking Group, SBI; Vikash Garg, Director of Business Development, Statkraft India and Ashwini Kumar, Chief Risk Officer, Tata Cleantech Capital.

Raj Prabhu, CEO, and Co-Founder, of Mercom Capital Group, will moderate the session.

Investments in the large-scale solar segment globally in the first quarter of the calendar year 2022 were up by 154% compared to the same period last year, according to Mercom’s Q1 2022 India Solar Market Quarterly Update.

India’s renewable energy sector has massive potential yet to be fully realized. As a large developing economy at the cusp of rapid growth across sectors, energy demand will only grow. India needs to quickly transition from fossil fuels to renewable energy to meet the demand and simultaneously reduce its carbon emissions. International investors, with their deep pockets, will play a critical role in the renewable energy capacity expansion that India is striving for.

You can register for the event here.