At the 2024 edition of REINVEST, a key session on ‘Facilitating Equitable Geographical Spread of Renewable Energy Across States’ featured Mr. Satyajit Ganguly, Managing Director and CEO of PXIL. He, alongside government officials and industry experts, discussed the need for balanced renewable energy distribution across India’s regions, highlighting the benefits of peer-to-peer trade mechanisms and addressing Power Purchase Agreement (PPA) challenges. Ganguly stressed the importance of a unified approach and robust transmission systems to ensure equitable access to cost-effective renewable energy across all states.
“India’s renewable energy landscape is poised for significant growth, but it is crucial that we prioritize equitable distribution to ensure that all states reap the benefits,” said Mr. Ganguly. “A robust transmission system, coupled with strategic planning and policy
reforms, will be instrumental in unlocking the full potential of renewable energy in India.”
He emphasized the need for peer-to-peer trading to boost power exchanges between prosumers and consumers, which would drive rooftop solar adoption. He also noted that Power Exchanges have introduced G-DAM (Green Day Ahead Market) and G-TAM (Green Term Ahead Market) to support renewable energy trading. Additionally, he highlighted the importance of innovative products like Contract for Difference (CFD) to increase market participation in renewables. The session at REINVEST 2024 brought industry leaders together to address key challenges and opportunities in India’s renewable energy landscape.
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