HSBC, ACPET discuss financing India's energy transition
POWER & RENEWABLE ENERGY

HSBC, ACPET discuss financing India's energy transition

Ashoka Centre for People-centric Energy Transition (ACPET) and HSBC bank jointly organised a conference to deliberate upon India's renewable energy policy, focusing on a "just transition," at the India Habitat Centre, New Delhi. The conference brought together leading organisations and experts in the field.

The conference also focused on ideating ways to contribute to"Energy Transition Financing", an HSBC funded project run by ACPET. The project is understanding financing issues, service challenges, and solutions of the clean energy transition at the rural household level in India, particularly GRID-based DISCOMS (at least 10 MW), to co-design solutions. It is focusing on studying 12 laggards and aspiring districts in Uttar Pradesh, Bihar and Jharkhand.

Some of the major issues discussed included  making energy transition sensitive to equity considerations; solving distribution problem across users from different socio-economic and geographic positions through domestic financing; and raising funds through green bonds, impact investing and crowd funding.

ACPET was launched in March 2023 by Ashoka University with a vision to become a knowledge institution in support of economic growth, energy security and net-zero targets of India and the Global South.

Delivering the keynote address, Dr Anil Kumar Jain, former IAS officer and the Chairperson of Petroleum and Natural Gas Regulatory Board, said, "When there is such a large overarching transition underway, the tendency is to go for the hyperbole. There can be all kinds of estimates that can be put forward in terms of financing and the ways to go about it but we have to look at the ground and stay firmly planted there. One has to engage with the context and whether on the demand or the supply side, come up with solutions that speak to that reality. I think the centre and its researchers are doing some insightful work in this regard and we hope to build that further".

Dr Jain has led multiple initiatives in the space of energy transition under various ministries and policy teams in the Government of India, such as stints as the Secretary in the Ministry of Coal and Ministry of Mines where he led reforms in sustainable mining and market development.

Speaking on the importance of such deliberations, Ashok Kumar, Director, Transform Rural India Foundation (TRIF), states, "It was great for all these diverse voices from the sector to come together under one roof, whether it be demand, supply, policy or finance- it was great to interact and learn from each one of them. For example, some participants view energy as a commodity while others look at it as a development outcome so the interaction between these different lenses was interesting and wherever we are, we ultimately cannot ignore the perspective of the end-user."

Explaining the vision, Vaibhav Chaudhary, Director-in-Charge of ACPET, stated, "ACPET has the vision to be a world-class knowledge institution in support of sustainable economic growth, energy security, and net zero ambitions of India and the Global South. We aspire to bring people-centric focus into our work and financing energy transition could be a key driver."

Ashoka Centre for People-centric Energy Transition (ACPET) and HSBC bank jointly organised a conference to deliberate upon India's renewable energy policy, focusing on a just transition, at the India Habitat Centre, New Delhi. The conference brought together leading organisations and experts in the field. The conference also focused on ideating ways to contribute toEnergy Transition Financing, an HSBC funded project run by ACPET. The project is understanding financing issues, service challenges, and solutions of the clean energy transition at the rural household level in India, particularly GRID-based DISCOMS (at least 10 MW), to co-design solutions. It is focusing on studying 12 laggards and aspiring districts in Uttar Pradesh, Bihar and Jharkhand. Some of the major issues discussed included  making energy transition sensitive to equity considerations; solving distribution problem across users from different socio-economic and geographic positions through domestic financing; and raising funds through green bonds, impact investing and crowd funding. ACPET was launched in March 2023 by Ashoka University with a vision to become a knowledge institution in support of economic growth, energy security and net-zero targets of India and the Global South. Delivering the keynote address, Dr Anil Kumar Jain, former IAS officer and the Chairperson of Petroleum and Natural Gas Regulatory Board, said, When there is such a large overarching transition underway, the tendency is to go for the hyperbole. There can be all kinds of estimates that can be put forward in terms of financing and the ways to go about it but we have to look at the ground and stay firmly planted there. One has to engage with the context and whether on the demand or the supply side, come up with solutions that speak to that reality. I think the centre and its researchers are doing some insightful work in this regard and we hope to build that further. Dr Jain has led multiple initiatives in the space of energy transition under various ministries and policy teams in the Government of India, such as stints as the Secretary in the Ministry of Coal and Ministry of Mines where he led reforms in sustainable mining and market development. Speaking on the importance of such deliberations, Ashok Kumar, Director, Transform Rural India Foundation (TRIF), states, It was great for all these diverse voices from the sector to come together under one roof, whether it be demand, supply, policy or finance- it was great to interact and learn from each one of them. For example, some participants view energy as a commodity while others look at it as a development outcome so the interaction between these different lenses was interesting and wherever we are, we ultimately cannot ignore the perspective of the end-user. Explaining the vision, Vaibhav Chaudhary, Director-in-Charge of ACPET, stated, ACPET has the vision to be a world-class knowledge institution in support of sustainable economic growth, energy security, and net zero ambitions of India and the Global South. We aspire to bring people-centric focus into our work and financing energy transition could be a key driver.

Next Story
Infrastructure Urban

CFI Appoints New National Council for FY27 and FY28

The Construction Federation of India (CFI) has announced its newly elected National Council and office bearers for a two-year term covering FY27 and FY28. M. V. Satish, Advisor to CMD and Lead Ambassador for Middle East, L&T, has been elected President; Priti Patel, Chief Strategy & Growth Officer, Tata Projects, has been appointed Vice President; and Ajit Bhate, Managing Director, Precast India Infrastructures, has taken charge as Treasurer.The newly formed National Council brings together senior leaders from major EPC and infrastructure companies, reflecting CFI’s continued focus o..

Next Story
Real Estate

India REIT Market Gains Momentum with Strong Returns

India’s Real Estate Investment Trust (REIT) market is witnessing strong growth, emerging as a competitive investment avenue both domestically and across Asia. According to a recent ANAROCK report released at EXCELERATE 2026 by NAREDCO Maharashtra NextGen, the sector is evolving into a mature asset class driven by solid fundamentals, regulatory backing and rising investor confidence.The introduction of Small and Medium REITs (SM REITs) in 2025 has further widened access through fractional ownership, unlocking a potential monetisation opportunity of Rs 670–710 billion. Indian REITs have deli..

Next Story
Real Estate

Domicil Debuts In Tricity With Luxe 9 Showcase

Domicil Germany, a luxury home furnishing brand from the House of HTL International, has made its Tricity debut with an exclusive showcase at Luxe 9, marking its first retail presence in the region.The invite-only event brought together architects, interior designers, real estate developers and high-net-worth individuals, reflecting rising demand for globally inspired, design-led living spaces.Centred on the theme ‘Celebrate Living with Timeless German Design’, the showcase highlighted Domicil’s focus on combining craftsmanship, functionality and refined aesthetics. Attendees experienced..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement