ENA Sectors 2025-02-28 14:52:24 <p><span style="font-size:14px"><strong>New Delhi, Feb 28 (KNN)</strong> The renewable energy sector is witnessing rapid growth, with industry leaders emphasising the need for localising the supply chain to sustain this momentum.</span></p> <p><span style="font-size:14px">Amit Singh, CEO of Adani Green Energy Ltd, highlighted the importance of localisation, stating, If we want to move fast, we need to work on localisation of supply chain and talent.</span></p> <p><span style="font-size:14px">The sector is making an effort to localise &mdash; whether it is solar modules, wind turbines, or auxiliary equipment.</span></p> <p><span style="font-size:14px">Girish Tanti, Founder and Vice-Chairman of Suzlon Group, echoed this sentiment, believing India has the potential to become a global leader in clean tech.</span></p> <p><span style="font-size:14px">However, he pointed out that wind industry OEMs have received no incentives in the past two decades and urged for support to develop a wind ecosystem.</span></p> <p><span style="font-size:14px">Singh further emphasised the rising demand for renewable electricity, stating, This is the era of renewable electricity, and eventually, everything will be electrified. We have taken on the challenge of a 30-gigawatt plant and have already crossed 12 gigawatts, aiming for 50 gigawatts by 2030.</span></p> <p><span style="font-size:14px">On the subject of import duties, Singh advocated for long-term planning and support to facilitate growth. He also stressed efficiency over cost in solar power plant operations, noting the importance of optimizing plant design based on weather patterns.</span></p> <p><span style="font-size:14px">Deepesh Nanda, MD &amp; CEO of Tata Power Renewable Energy Ltd, acknowledged the governments ambitious renewable energy targets, stating that India is on track to exceed 500 gigawatts, potentially reaching 650 gigawatts by 2032.</span></p> <p><span style="font-size:14px">Nanda credited the PLI scheme for supporting large-scale expansion and emphasised the need for investment in research and development.</span></p> <p><span style="font-size:14px">Tanti reinforced the importance of self-reliance in clean energy, noting that localisation is key to job creation and economic growth.</span></p> <p><span style="font-size:14px">With increasing local content in wind and solar energy, industry leaders believe India is well-positioned to become a global supplier in renewable energy technology.</span></p> <p><span style="font-size:14px"><em><strong>(KNN Bureau)</strong></em></span></p> 41233 https://knnindia.co.in/news/newsdetails/sectors/government-support-and-localisation-propel-renewable-energy-growth 2025-02-28 14:52:24 knnindia.co.in