Intersolar Europe 2022

Intersolar Europe 2022- Relevance for UPSC Exam

GS Paper 2: International Relations- Bilateral, regional and global groupings and agreements involving India and/or affecting India’s interests.

Recently, the Indian Union Minister of State for Ministry of New and Renewable Energy, attended the Intersolar Europe 2022 held at Munich, Germany.
The Minister delivered key note address at the investment promotion event on “India’s Solar Energy Market”.

About: Intersolar Europe is the world’s leading exhibition for the solar industry and takes place annually at the Messe München exhibition center.
- Intersolar 2022 will take place in Munich, Germany from 11-13 May.
- Intersolar Europe takes place as part of The smarter E Europe parallel to the three energy exhibitions ees Europe, Power2Drive Europe and EM-Power Europe.
Participation: Under the motto “Connecting solar business,” manufacturers, suppliers, distributors, service providers and project planners and developers from around the world meet in Munich every year.
Mandate: Intersolar Europe aims to discuss the latest developments and trends, explore innovations firsthand and meet potential new customers.

Ambitious Panchamrit Targets: These targets were set during COP-26 by India. India is all set to achieve net zero by 2070 and install 500GW of non-fossil by 2030.
- India’s vast renewable energy resource potential and strong policy backing provide a strong foundation for achieving these goals.
Early Achievement of Renewable Energy Targets: India has seen incredible growth of RE capacity in last 7 years and has achieved target of 40% cumulative electric capacity from non-fossil fuel in 2021, 9 full years ahead of set target of 2030.
Promotion of Solar PV Sector: Government of India is committed to promoting domestic manufacturing in the solar PV sector to achieve its ambitious deployment goals.
- Several policy measures have been undertaken to support the domestic PV manufacturing sector.
- India is committed to increase domestic Manufacturing of high efficiency Solar PV modules for which total budget outlay of Rs. 24,000 Cr is made
Promoting Green Hydrogen: The Green Hydrogen Mission has expected outcome of generating 4.1 Million Tonnes of annual Green Hydrogen production.
- To promote green hydrogen economy, India has estimated outlay of Rs. 25,425 Cr.