MNRE to Organise Hackathons for Startups in RE Sector to Promote Indigenisation: Pralhad Joshi
Minister of New and Renewable Energy Pralhad Joshi announced MNRE's plans to host hackathons for renewable energy startups and establish a Joint Centre of Excellence for R&D in collaboration with the Ministry of Power, to foster innovation and promote indigenisation in the sector.
November 16, 2024. By Mrinmoy Dey
He further announced that a new Joint Centre of Excellence for R&D will also be established in collaboration with the Ministry of Power to foster innovation and technological advancements in the RE sector. The Minister called for the early finalisation of Power Purchase Agreements (PPAs) and strict enforcement of Renewable Purchase Obligations (RPOs) to ensure the success of renewable energy projects.
Joshi also announced that a dedicated task force with all stakeholders will be set up by the MNRE in collaboration with the Ministry of Power to achieve the goal of 500 GW by 2030. He emphasised the need to install 288 GW of renewable energy capacity over the next six years, requiring a substantial investment of INR 42 lakh crore, including transmission infrastructure. This requires all stakeholders to work together to solve the various challenges in the RE sector, he said.
Joshi noted Odisha’s immense renewable energy potential, with 140 GW of solar capacity and significant opportunities in green hydrogen, owing to its long coastline and port infrastructure. “The Centre aims to develop Odisha as a major hub for renewable energy and explore the scope of green hydrogen production in the state. The potential for floating solar panels in Odisha will also be explored,” he said.
He also highlighted that a 6,000 MW manufacturing capacity for the production of solar modules, solar cells and ingot-wafer at Dhenkanal District, Odisha with an expected investment of around INR 9,000 crore is being set up by an agency. He also said that another agency is setting up a 1,000 MW manufacturing capacity for the production of solar modules and cells, at Infovalley-II, Khorda, Bhubaneswar, Odisha, with an expected investment of around INR 730 crore.
Joshi also highlighted that PM Surya Ghar Yojana will achieve over 5 lakh installations by the end of November 2024. He added that suggestions to expand the Production Linked Incentive (PLI) scheme for the domestic manufacturing of solar modules and cells are being considered.
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