ReNew Power CEO on Renewable Energy Outlook

The video discusses the current disruption in global energy markets, emphasizing the role of renewable energy as a long-term solution. It highlights India's ambitious renewable energy targets and the potential of green hydrogen as a global business. The company aims for net-zero carbon emissions by 2040, already achieving significant carbon savings. Renewable energy is economically viable, with solar and wind being cheaper than coal. The future energy mix in India is expected to shift towards renewables, with corporates playing a key role in decarbonization.

What is one of the main reasons for the current disruption in global energy markets?

• Natural disasters

• Geopolitical events in Europe

• Technological advancements

• Increased demand from developing countries

By what year does India aim to achieve a renewable energy capacity of 450 gigawatts?

• 2050

• 2040

• 2030

• 2025

What emerging energy source is India exploring as a global and tradable business?

• Nuclear energy

• Biofuels

• Green hydrogen

• Geothermal energy

What is a significant challenge in the development of green hydrogen projects?

• Need for collaboration across the industry

• High cost of raw materials

• Lack of interest from investors

• Limited technological advancements

How does the cost of solar energy in India compare to coal-based power?

• Solar is half the price

• Solar is about the same cost

• Solar is twice the price

• Solar is more expensive

What percentage of India's power generation currently comes from coal?

• 66%

• 33%

• 50%

• 12%

By 2040, what is the expected trend for renewable energy in India's energy mix?

• It will be phased out

• It will become the majority

• It will decrease

• It will remain the same