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POLICY AND ECONOMIC REPORT
               OIL & GAS MARKET

           15. India Emerges as Global Renewable Energy Leader Backed by Strong Policy Ecosystem: Secretary,
               Ministry of New & Renewable Energy

           The Ministry of New & Renewable Energy co-organised a panel discussion on “Energy Security through
           Renewable Energies” under the 10th edition of the Green and Sustainable Development Partnership
           (GSDP) Conversation Series.

           The panel discussion featured Shri Santosh Kumar Sarangi, Secretary, Ministry of New and Renewable
           Energy (MNRE), H.E. Dr. Philipp Ackermann, Ambassador of Germany to India and Bhutan, Ms Vaishali
           Nigam Sinha, Co-founder and Chairperson of Sustainability, ReNew and Ms. Aparna Roy, Fellow and Lead,
           Climate Change and Energy, Observer Research Foundation (ORF) The discussion was moderated by Ms.
           Shreya Jai, Energy Lead, Climate Trends.

           In his keynote address, Secretary, MNRE highlighted India’s remarkable Renewable Energy journey over
           the past decade, which has positioned the country as one of the global leaders. He attributed this progress
           to a robust and enabling policy ecosystem comprising Renewable Purchase Obligation (RPO)/ Renewable
           Consumption Obligation (RCO), Standard Bidding Guidelines for tariff based competitive bidding process
           for procurement of Power from Grid Connected Solar, Wind, Wind-Solar Hybrid and Firm & Dispatchable
           Renewable Energy, permitting up to 100 % Foreign Direct Investment under the automatic route, targeted
           measures to strengthen domestic manufacturing through initiatives such as the Production Linked
           Incentive (PLI) Scheme and the Approved List of Models and Manufacturers (ALMM),etc.

           He further noted that flagship programmes such as PM Surya Ghar: Muft Bijli Yojana and PM-KUSUM have
           brought states, households and farmers to the forefront of India’s renewable energy transition, while
           upcoming interventions such as Agri-PV and floating solar are expected to unlock new avenues for clean
           energy deployment.

           Highlighting the strategic importance of the National Green Hydrogen Mission, he noted its potential to
           reduce India’s dependence on imported fossil fuels, while creating new opportunities for industrial
           decarbonisation and energy security. Looking ahead, he emphasized that grid modernisation, accurate
           forecasting and scheduling, circular economy approaches for clean energy technologies, and enhanced
           mobilisation of climate finance will be critical for building a resilient, secure and future-ready renewable
           energy ecosystem.

           Speaking during the panel discussion, Secretary, MNRE highlighted that the Government’s policy
           interventions have been carefully designed to make India’s renewable energy growth story increasingly
           market-driven. Secretary, MNRE further underscored the importance of initiatives such as the Production
           Linked Incentive (PLI) Schemes, which are fostering indigenous manufacturing capacities, enhancing self-
           reliance, and supporting the development of a robust Renewable Energy ecosystem.

           H.E. Ambassador Dr. Philipp Ackermann highlighted that India and Germany share a vital, common
           aspiration to achieve energy security, particularly in light of today's complex geopolitical landscape. He
           emphasized that true self-reliance can be unlocked through strong bilateral partnerships, noting that
           India's massive scale and dynamic private sector offer immense opportunities to deepen relations.

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