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New Delhi: Acceptance of alternative technologies to produce clean energy for 21st century is gaining pace day by day. With depleting reserves and rising cost of fossil fuels, generation of clean energy is the only way forward. India being one of the leaders in the industry presents some interesting challenges and new horizons of growth. Sensing the trend of the times, the session on Clean Technology at TiECon Delhi 2011 was the perfect opportunity for the leaders and delegates to dig more into the field.

With an estimated market size of USD 8-10 billions and installed capacity of more than 24 Giga Watts in 2010, Indian clean technology market is 4 times bigger than the government estimates. The numbers are impressive but they are still a fraction of the huge potential the sector holds.

In a discussion chaired by Ashish Sethia, Head of research, India - Bloomberg new energy finance, some of the leaders shared their insight and clarified numerous doubts.

We do not inherit the planet from our parents but borrow it from our children – is the logic that compelled Akshat Rathee to start Earth 100 Bio fuels, a company which provides bio fuel powered commercial vehicles to corporates. He was able to bring big corporate like L&T and Mahindra and Chhattisgarh government to be a part of this endeavor.

L&T under the stewardship of Virendra Pankaj, Jt GM and Head, northern region, L&T infra, is seriously and strategically involved in the arena of clean technology. During the session Mr. Pankaj again reaffirmed the abundance of solar energy which is scalable and modular.

Mandeep Singh, MD – Dlight, was another panelist who emphasized the fact that the funding for businesses based on clean technology is not difficult as venture capitalists look for right products with a right price which can give long term returns.

One important issue was raised by Owen Jenkins, Counselor, Climate change and energy, DFID govt. of UK. According to him, in the clean energy sector, technology is there, need is there but financing is still a problem.  On behalf of the UK government he offered to provide help in this regard.

Few issues also came up during the discussion like grid availability, financial health of state owned discoms to support the business and different approaches adopted by different states which hinder the development and commercial use of the technology.

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