Mumbai, 27 June 2024: To discuss challenges and solutions around the corporate sourcing of renewable energy in India, 25 members of Climate Group’s RE100 initiative joined in Mumbai today for a two-day conclave at Mahindra Towers, Mumbai. The RE100 India Conclave began in the city to encourage a deeper understanding of renewable energy challenges and best practices in India. The Conclave will feature speakers from major businesses, renewable energy developers, and the government. It is being organised in collaboration with Mercom India (formerly Mercom Communications India), a clean energy research, media and communications firm in India recognised worldwide for its expertise in Indian cleantech markets, and subsidiary of Mercom Capital Group.
Atul Mudaliar, Director of Systems Change, Climate Group India said: “The RE100 India Conclave is critical as it brings together RE100 member companies who are at the forefront of the much-needed transition. Despite facing significant challenges in increasing their share of renewable energy sourcing in India, RE100 companies are innovating and finding solutions. Demand from corporate and industrial consumers is vital to speed up the demand and growth for renewable energy in India. The Conclave is for the businesses to not only learn from each other, but also prepare a common plan for the future.”
Among the sessions is a high-level panel on pressing challenges facing businesses in renewables sourcing to meet their decarbonisation goals. Technical plenaries have also been planned, including masterclasses on:
- Renewable procurement options available in the Indian market today.
- Understanding carbon markets, India’s position, and prospective obligations and opportunities.
- The business case for responsible renewable energy.
The Conclave will also see Nxtra by Airtel, one of India’s leading data center companies, joining RE100. They have committed to sourcing 100% renewable electricity by 2035 and are the 14th Indian company to join RE100.
Priya Sanjay, Managing Director at Mercom India, said: “Commercial and industrial consumers are crucial to helping India achieve its 300GW target by 2030. This event is designed to empower and educate RE100 companies about clean technologies, business and regulatory processes, and financing mechanisms available to help them reach their decarbonisation goals.”
Over 180 major Indian and global businesses operating in India sourced almost a quarter of their electricity needs from renewable energy in 2022, according to RE100’s latest Annual Disclosure Report.
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Media contact
For media enquiries, please contact: Avantika Shrivastava at Climate Group: AShrivastava@ClimateGroup.org.
Prastav Mishra at Mercom Capital Group: prastav@mercomcapital.com
Notes to Editors
About Climate Group
Climate Group drives climate action. Fast. Our goal is a world of net zero carbon emissions by 2050, with greater prosperity for all. We focus on systems with the highest emissions and where our networks have the greatest opportunity to drive change. We do this by building large and influential networks and holding organisations accountable, turning their commitments into action. We share what we achieve together to show more organisations what they could do. We are an international non-profit organisation, founded in 2004, with offices in London, New Delhi and New York.
Know more about our work in India here.
About RE100
RE100 is a global initiative bringing together the world’s most influential businesses committed to 100% renewable electricity. Led by Climate Group, our mission is to drive change towards 100% renewable grids, both through the direct investments of our members, and by working with policymakers to accelerate the transition to a clean economy. The initiative has over 400 members, ranging from household brands to critical infrastructure and heavy industry suppliers. With a total revenue of over US$6.6 trillion, our members represent 1.5% of global electricity consumption, an annual electricity demand higher than that of the UK. RE100 was established in partnership with CDP.
About Mercom India
Mercom India (formerly Mercom Communications India) is a clean energy research, media and communications firm in India recognized worldwide for its expertise in Indian cleantech markets. Located in Bangalore, India, Mercom has been providing research and insights to clean energy organizations in India since 2009. Mercom India is a subsidiary of Mercom Capital Group, an integrated communications, research, and media firm focused exclusively on clean energy markets in the United States, Europe, India, and the Middle East. Learn more at: www.MercomIndia.com