In a powerful call to action at the World Economic Forum in Davos, Union Minister for New and Renewable Energy Pralhad Joshi urged international investors to pour funds into India’s burgeoning clean energy sector. Speaking on January 20, Joshi highlighted India’s remarkable strides in solar power, wind energy, green hydrogen, and energy storage, showcasing the nation’s ability to execute large-scale projects with precision and speed.
Joshi held key meetings with global business leaders, including Charles Émond, President and CEO of Canada’s La Caisse, and Sara Buschard, its COO. The discussions focused on long-term investments in climate and clean energy initiatives in India. On X, Joshi shared that talks covered expanding solar, wind, and hybrid renewable projects, strengthening power transmission infrastructure, and advancing green hydrogen and storage solutions.
He strongly advocated for scaling up the ‘Partner with India’ initiative to help secure a significant share of the $400 billion earmarked for climate actions by 2030. India’s clean energy plans align seamlessly with La Caisse’s climate investment strategy, aiming to deliver robust solutions that propel India towards a sustainable energy future.
In another significant engagement, Joshi met with Dr. Said Mohammad Ahmed Al Sakri, Economic Advisor to Oman’s Deputy Prime Minister for Financial and Economic Affairs. The conversation emphasized deepening renewable energy collaboration between India and Oman. Joshi pointed out India’s success in implementing solar, wind, green hydrogen, and storage projects even in arid and desert regions, presenting lucrative opportunities for global investors.
The Davos dialogues also explored joint ventures in manufacturing solar modules, electrolysers, and green hydrogen for export. Emphasis was placed on investing in hydrogen hubs powered by renewables, integrated energy projects, and port-based export infrastructure. Leveraging frameworks like the India-Oman Comprehensive Economic Partnership Agreement (CEPA), joint investment funds, and the International Solar Alliance, discussions touched on global green energy grid initiatives such as ‘One Sun One World One Grid’ (OSOWOG).
Future collaborations include joint participation in upcoming solar and wind tenders and fostering industry-led innovations. These engagements underscore India’s pivotal role in the global transition to clean energy, positioning it as a prime destination for sustainable investments.
