Bhubaneswar: The Ministry of New and Renewable Energy (MNRE) recently hosted a high-level meeting between Secretary Shri Santosh Kumar Sarangi and Bill Rogers, the Managing Director and Global Head of Sustainable Energies at the Canada Pension Plan Investment Board (CPPIB). The discussion centered on expanding international investment within India’s rapidly evolving green energy landscape, signaling continued global confidence in the nation’s energy transition goals.
The dialogue primarily focused on key infrastructure pillars necessary for a decarbonized economy. Beyond traditional solar and wind generation, the representatives explored strategic investment avenues in power transmission systems and advanced energy storage solutions. These sectors are increasingly viewed as vital for maintaining grid stability as India integrates higher capacities of intermittent renewable power.
MNRE Secretary Shri Sarangi highlighted the government’s commitment to creating a favorable ecosystem for large-scale institutional investors. He provided updates on the current policy frameworks designed to de-risk projects and streamline the deployment of capital into the renewable sector. The MNRE remains focused on achieving the national target of 500 GW of non-fossil fuel capacity by 2030, a goal that requires significant participation from global pension funds and asset managers like CPPIB.
The CPPIB delegation expressed a keen interest in the long-term growth potential of the Indian market. As one of the world’s largest institutional investors, the board’s engagement suggests a shift toward more complex energy assets, including Battery Energy Storage Systems (BESS) and Pumped Storage Projects (PSP). By aligning with the MNRE’s roadmap, international investors aim to capitalize on India’s growing demand for round-the-clock clean energy.
This meeting underscores the MNRE’s proactive role in diplomatic and financial outreach to ensure that the transition to sustainable energy is supported by robust global capital. The collaboration is expected to pave the way for future technical and financial partnerships that will strengthen India’s position as a global leader in the renewable energy space.