Prime Minister Narendra Modi chaired a roundtable on Sunday in San Jose, California. This meeting was on renewable energy with energy experts. PM Modi focused on production of 175GW renewable energy target by 2022.
This roundtable conference was attended by US Energy Secretary Ernest Moniz, Prof. Steven Chu( former US Secretary of Energy), Ahmad Chatila(CEO SunEdison), Nikesh Arora(President and COO, Softbank) KR Sridhar( CEO, Bloom Energy), Jonathan Wolfson( CEO, Solazyme), John Doerr( Venture Capitalist) and Ira Ehrenpreis of DBL partners. Prof Arun Majumdar, Prof Roger Noll, Dr. Anjani Kochar, and Prof. Sally Benson, from Stanford University also attended the meeting.
PM Modi gave an overview of initiatives undertaken in India in the area of renewable energy he highlighted Kochi airport becoming world’s first solar-powered airport and solar panels being installed over a canal in Gujarat.
He said that early next month, a district court in the tribal belt of Jharkhand will become entirely solar-powered. Experts suggested that India should focus in four key areas which are technology integration; finance; regulatory frameworks; and the right talent pool.
The CEOs of renewable energy companies gave a brief overview of the technologies and innovations being used in their companies. They have also suggested biomass as a clean energy provider with solar and wind.
Experts said that the clean energy will soon be an inexpensive and at parity with the regular grid and the electricity storage shall also becoming cheaper.