- Conference was jointly organized by the Ministry of New and Renewable Energy, Government of India and the Government of Gujarat in Vadodara
- YES BANK has prepared a compendium of 60 case studies from across the world which depicts successful and innovative applications of solar energy
October 6, 2016, Mumbai: Shri Piyush Goyal, Hon’ble Minister of State (I/C) for Power, Coal, New and Renewable Energy and Mines, Government of India, today launched a compendium of ‘Global Success Stories in Solar Energy’ prepared by YES BANK at the International Energy Conference. Shri Vijay Bhai Rupani, Hon’ble Chief Minister of Gujarat, Shri Nitin Bhai Patel, Deputy Chief Minister of Gujarat and Shri Upendra Tripathi, Secretary, Ministry of New & Renewable Energy were also present at the launch.
Jointly organized by the Ministry of New and Renewable Energy (MNRE), Government of India and Government of Gujarat, the Internal Energy Conference provided a platform to Energy and Renewable Energy Ministers from across the world as well as key policy actors and industry captains to share their perspectives on the power and renewable energy scenario.
Shri Piyush Goyal, Hon’ble Minister of State (I/C) for Power, Coal, New and Renewable Energy and Mines, Government of India; Shri Vijay Bhai Rupani, Hon’ble Chief Minister of Gujarat and Shri Nitin Bhai Patel, Deputy Chief Minister of Gujarat unveiling the YES BANK compendium of ‘Global Success Stories in Solar Energy’
YES BANK strongly supports Government of India’s commitment to promote International Solar Alliance (ISA), launched during COP 21 in Paris, for the cause of climate justice, sustainable development and energy security for all. Towards the same, the Bank has prepared a compendium of successful and innovative stories of deployment of solar projects across the globe. Prepared by the subject matter experts in YES INSTITUTE, the practicing think tank of YES BANK, the compendium has 60 case studies of solar energy applications chosen on the basis of new technology, deployment scheme, compelling business model, unique financing structure and enabling policy framework.
Shri Piyush Goyal said, “This compendium would provide an apt reference for learning from each other’s experience and for replicating successful models and projects in various ISA nations. I am confident that this initiative in partnership with YES BANK will contribute in showing the way forward to all partner countries, and be of assistance to them in promoting solar projects”.
Commenting on this YES BANK initiative, Rana Kapoor, Managing Director & CEO, said “Through YES BANK’s expertise in the renewable energy sector, we have realized that there is a need to maximize capital flows, access to new technologies and seamless exchange of knowledge amongst stakeholders. I would like to thank ISA Secretariat and the Union Ministry of New and Renewable Energy for providing an opportunity to partner and provide insights on successful case studies from across the world in this compendium titled - Global Success Stories in Solar Energy”.
YES BANK, a leader in the climate finance space in the country, had committed to target mobilizing USD 5 billion for climate action by 2020 at COP21 in Paris. Additionally, to achieve holistic impact and aid India’s target of meeting its Intended Nationally Determined Contributions (INDCs), the bank has also committed to achieve the following by 2020:
- Target funding of 5,000 MW of clean energy
- Gradually increase percentage of Renewable Energy in its power portfolio
- Contribute towards creating a carbon sink by planting 2 million trees
- Touch 100 million lives through its safe and clean drinking water program
- Offset Carbon Emissions of the bank’s operations
About YES BANK
YES BANK, India’s fourth largest private sector bank is a high quality, customer centric and service driven Bank. Since inception in 2004, YES BANK has grown into a ‘Full Service Commercial Bank’ providing a complete range of products, services and technology driven digital offerings, catering to corporate, MSME & retail customers. YES BANK operates its Investment banking, Merchant banking & Brokerage businesses through YES SECURITIES and its Mutual Fund business through YES Asset Management (India) Limited, both wholly owned subsidiaries of the Bank. Headquartered in Mumbai, it has a pan-India presence across all 29 states and 7 Union Territories in India including an IBU at GIFT City, and a Representative Office in Abu Dhabi.
For more information, please visit the Bank’s website at http://www.yesbank.in/