Renewables Adoption by Corporates Vital to Meet India’s Green Goals

The 'Mercom India Solar Summit 2023' will be held in New Delhi on April 26-27


Corporates and industries worldwide are leading the decarbonization efforts by making ambitious net-zero targets and achieving them through renewable adoption.

These efforts have involved investing in green technologies, aligning business strategies with climate goals, and collaborating with partners across the value chain to ensure a minimal carbon footprint.

While decarbonization and renewable adoption are good for the environment, corporates and industries can also enhance their competitiveness, resilience, and reputation.

India has set an ambitious goal of reaching net-zero emissions by 2070, demonstrating its commitment to tackling climate change and fostering a green economy. To achieve this, India will have to decarbonize its hard-to-abate sectors, with the industrial sector being the key to realizing this.

Further, the Indian corporate sector is incentivized by the prospect of a lower energy bill due to renewable adoption. Additionally, many companies are closely watching the global trade regulations being amended to allow only green imports.

The Indian commercial and industrial segment drove open access connections which saw the country add 2.5 GW in the calendar year 2022, an increase of around 92% compared to the 1.3 GW installed in 2021, the highest-ever annual installations, as reported by the 2022 Q4 & Annual Mercom India Solar Open Access Market Report.

Mercom India will bring together industry experts to discuss the role of corporates and industries in leading India’s decarbonization and renewables adoption at the ‘Mercom India Renewables Summit 2023,’ an exclusive event on April 26-27 in New Delhi.

At a session titled ‘Corporates and Industries Leading Decarbonization and Renewables Adoption‘ scheduled for April 27, 2023, panelists will explore the best practices and innovative business models that can make renewable energy more attractive and profitable for different sectors.

The panel will have Rohit Bajaj, Head-Business Development, Regulatory Affairs and Strategy at Indian Energy Exchange; Raghunath T, Vice President & Head Credit at Vivriti Asset Management; Swetha Ramdas, Lead – Sustainability at Amazon India; and Akhil Agarwal, Director-Renewable Energy & Power Management at ST Telemedia Global Data Centres.

Priya Sanjay, Managing Director, Mercom India, will moderate the session.

Mercom will also host its third annual Mercom India Awards at the Summit, recognizing the exceptional achievement and technological innovations by companies contributing to India’s clean energy industry.

The event will also, for the first time, feature a Startup Pitch Competition, which will provide the stage for Indian entrepreneurs and companies to present their innovative cleantech ideas or technologies in early-stage development.

Register to attend the event here.