India’s ambitious pursuit of a sustainable energy future is set to gain significant momentum with the inaugural Renewable Energy Summit 2025, hosted by the Indian Venture and Alternate Capital Association (IVCA) in Mumbai on July 15. This pivotal gathering, organised in collaboration with prominent financial entities like Avendus, EAAA Alternatives, and Singularity Capital, aims to catalyse capital deployment, foster innovation, and strengthen public-private collaboration within the burgeoning renewable energy sector. The summit underscores India’s strategic intent to accelerate its transition towards a zero net carbon, eco-friendly energy landscape, vital for developing sustainable and equitable urban centres.
The timing of this summit is crucial, arriving at an inflection point for India’s clean energy landscape. In 2024, renewable sources accounted for an impressive 83 per cent of total power sector investments, signifying a robust shift in the nation’s energy priorities. India’s non-fossil fuel power capacity has already reached 44 per cent, steadily advancing towards the ambitious government target of 50 per cent by 2030, a goal that aligns with global efforts to combat climate change. Ranked third globally in clean energy capacity addition, India is increasingly positioning itself as a leader in the global green transition.
The summit will convene a diverse array of stakeholders, including global and domestic investors, key policymakers such as Shri Ananth Narayan G from SEBI and Shri Vishal Kumar Dev from the Government of Odisha, regulators, corporate leaders, and cleantech entrepreneurs. Discussions are structured to explore critical themes such as accelerating clean power finance in India, the symbiotic role of renewables in empowering electric vehicles (EVs), Artificial Intelligence (AI) infrastructure, and green hydrogen initiatives. Furthermore, sessions will delve into cutting-edge innovations in energy storage, smart grid technologies, hybrid energy systems, and policy perspectives crucial for accelerating clean energy deployment.
Aakriti Bamniyal, Senior Vice-President at IVCA, emphasised the summit’s design to ignite capital flows and spark collaborative partnerships, vital for shaping a greener India. This sentiment was echoed by Prateek Jhawar, Managing Director at Avendus Capital, who highlighted that achieving a net-zero future necessitates profound participation from diverse stakeholders across the investment, corporate, and regulatory spectrums. The collective aspiration is to de-risk green investments, making them more attractive for capital deployment, thereby ensuring a steady pipeline of projects that contribute to a cleaner environment and offer equitable access to energy for all.
India’s energy sector is undergoing a profound transformation, demanding substantial investments in the coming years, as noted by Subahoo Chordia, Co-CEO of EAAA Alternatives. Suyash Kela, Partner at Singularity, reinforced that clean energy is fundamental to both global and India’s growth story. The IVCA, a not-for-profit industry body representing over 450 funds with a combined Assets Under Management (AUM) exceeding USD 350 billion, plays a pivotal role in fostering a robust investment ecosystem. By facilitating dialogues between capital providers and developers, events like this summit are instrumental in mobilising the financial resources necessary for scaling up renewable energy infrastructure. The success of these initiatives will be fundamental to India’s growth story, contributing not only to environmental sustainability but also fostering economic prosperity and job creation, vital for inclusive urban development and a healthier future for its populace.
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Mumbai hosts IVCA Renewable Energy Summit to boost green capital
