Vineet Mittal

Mr. Vineet Mittal, a distinguished alumnus of Harvard Business School, is a serial entrepreneur known for his remarkable success in the fields of Information Technology (IT) services and Green Energy. In 2010, Mr. Mittal founded Welspun Energy, which swiftly became a leading player in India’s renewable energy sector, boasting an impressive 1.2 GW of installed capacity. Thereafter, he strategically transferred ownership of the company to Tata Power in 2016, with a valuation of US $1.4 billion. In his Unwavering commitment to clean energy, Mr. Mittal launched Avaada Energy in 2017, which later evolved into the Avaada Group , India’s leading integrated energy conglomerate. Its operations encompass Renewable Energy, Solar PV Manufacturing, Green Hydrogen & Its Derivatives like Green Ammonia, Green Methanol and Sustainable Aviation Fuel. Avaada Energy, the flagship entity of Avaada Group, is India’s prominent renewable energy independent power producer (IPP). Within five years of its incorporation, it had amassed an impressive portfolio and set ambitious targets to reach 11 GW of capacity by 2026 and an 30 GW by 2030. The solar manufacturing division of Avaada Group is at the forefront of developing a large-scale integrated plant under the Production-Linked Incentive (PLI) scheme of the Indian government.

Session Overview

Tuesday, 5 November

All Sessions

10:00

Strategic Conference ICC Hall 10:00 - 11:00

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Delivering the trillions of investment dollars needed for the energy transition

With an estimated US $35 trillion required for a successful energy transition, bringing in the private capital needed will require larger flows of clean energy projects that match investor’s risks and expectations. While energy companies have refocused investment and increased M&A activity, to deliver measurable transition progress, governments have introduced new policies, including the U.S. Inflation Reduction Act, Europe’s Green Deal and China's 13th five-year plan, which aim to boost the clean energy market, deliver critical infrastructure development and incentivise investment, as well as stimulate national economic growth. What more can governments do to create an enabling environment for both public and private finance institutions to secure the capital needed to fund the energy transition?

Attendee insights:

Understand what investment is needed to deliver the energy transition, including technology development and the regulatory frameworks introduced to boost investment and infrastructure development.