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Europe India Chamber of Commerce, Spain

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Presentation on theme: "Europe India Chamber of Commerce, Spain"— Presentation transcript:

1 Europe India Chamber of Commerce, Spain

2 Incredible INDIA • 4th Largest Global Economy
Fastest Growing Free Market Democracy IT & Engineering Superpower Rich Mineral Base Vibrant Capital Market Large Infrastructure 2nd largest Rail network 5th largest power market 334 airports, 12 major & 87 minor ports 400 Million telephone connections

3 Strong focus to drive infrastructure growth
200 Infrastructure Investment ( ) 167 ~ US$ 500 bn 160 120 US $ bn 79 80 40 65 65 63 36 22 8 6 4 Source: Planning commission (XIth five year plan) Government is putting lot of emphasis on infrastructure investment and growth Positive regulatory reforms remain a key driver of growth Power being the major thrust area Infrastructure investment may be doubled (~1 trillion) in 12th five year plan ( )

4 India has a large potential for RE
RE Potentialin India (Source: MNRE, Annual report ) Installedcapacity – 18.8 GW (as 31Mar’11) Small Hydro Power 15.7% Wind Power 70.0% Biomass & Waste to Power 14.2% Solar Power 0.2% (Source: MNRE, Annual report ) Source Estimated Potential(GW) Installed(GW) as31Mar’11 WindPower 48.5 13.18 Biomass& Wasteto Energy 23.7 2.67 SmallHydro 15.0 2.95 SolarPower 30~40 MW/ 0.03 Wind energy constitutes largest commercially exploited RE source in India. RE capacity is 10-11% of total grid installed capacity base Barely 20-22% of the total potential has been tapped excluding solar energy Solar power is merely 0.2% (32.4 MW) of Grid interactive RE power But potential of Solar power in India is far more than other RE sources 8

5 POWER HUNGRY ECONOMY Power Requirement (GW) 425 306 220 778 575 153 (Source: Integrated Energy Policy - Planning Commission Report 2006) • There has been a continuous shotage of power to the tune of average 10~12% • Economic growth derives for increse in the demand • Expected demand, at current growth rate of 8%, to cross 750 GW in 2031~32 • A major part of this demand to be fulfilled by Renewable Energy

6 Blackout a harbinger of power needs to come?

7 Back 6

8 India Solar Radiation map
• Every Sq. km of area can generate 40 MW power • Rajasthan and Gujarat has abundant and desert and unfertile land with no other alternative usage • 35,000sq. km of desert area set aside for solar power can generate 14 Lakh MW of power – Equivalent to 8 times of current generation capacity

9 Solar Power Potential Solar Radiation Map of India
High Solar Isolation levels in India The North Western Partof India (Gujarat & Rajasthan) gets high levelsof solarradiations, almost throughouttheyear. Solar Radiation Map of India 5

10 Solar Power– Natural Fit for India
• India located in the equatorial belt with high Geographic Fit solar irradiation. • 250 to 300 clear sunny days. • Equivalent energy potential is about 5000 trillion KWh` per year. • Enabling Policy Framework in place – National Solar Mission. • “Power for all” by 2012 –stated goal of GOI. Policy Fit Socio- economic Fit • Fossil fuels have finite life – Solar has potential to reduce large energy import bill in the long run. • Energy security – critical for national security • 10% of solar capable land will reduce emissions equivalent to 5909 mtoe/year. • Large areas of barren land in underdeveloped parts of the country ideal for solar power plants. • Large parts of rural India have no access to electricity grid. • Job creation potential high. • Huge potential for manufacturing – can become global leader in adoption of solar technology. Company history Source: ion_large.gif 6

11 Jawaharlal Nehru Solar Mission
National Action Plan on Climate Change: • Solar Mission envisaged to give boost to solar power – launched on 11 January 2010 • Large-scale solar power generation an identified thrust area Solar Mission Aim: • Rapid and large-scale diffusion of solar power generation technologies • Building local manufacturing, R&D and human resource capability • Reduction of cost to move towards grid parity. Proposed targets (2022): • 20,000 MW grid-power installed capacity • 2,000 MW off-grid power • mln. sq.m thermal collectors 14

12 Cumulative targets under Solar Mission
India is endowed with vast solarenergy potential: -About 5,000 trillion kWh/yearenergy is incidentover India’s land Source: Jawaharlal Nehru National Solar Mission: Towards Building Solar India

13 Tremendous growth projected in Off-Grid segment
AnnualSolarMarketOff-take(MW) 17-18 18-19 19-20 20-21 21-22 Grid-connectedSolarPotential ResidentialRooftop 1024 1356 3600 5341 7677 UtilityScaleSolarPower(CSPandPV) 1043 2229 3570 5084 8146 Off-gridSolarApplicationPotential Solar-poweredAgriculturePumpsets 268 563 3969 4639 6730 Solar-poweredTelecomTowers 318 380 414 562 612 TotalAnnualSolarMarket 2653 4528 11553 15626 23165 (Source: KPMG in India’s The Rising Sun, May 2011) With decrease in cost of solar power, the residential rooftop and agriculture will be fastest growing segment Solar power, with its ability to provide day time power, can meet the agriculture power demand from the farmers without being connected to grid Solar power is already competitive with the effective price of diesel based power for Telecom towers. It has potential to replace ~30% of diesel consumption. 10

14 Grid parity in next 10 years
LevelizedCost Comparisonof Utility-scale PV and ConventionalPower at Grid (Source: KPMG’s Solar Grid Parity Model *Note that the CDM benefit of INR 0.60 / KWH has been factored in the Solar Costs) In India grid parity to happen in when the levelized tariffs from solar power are comparable with the levelized tariffs of grid power 17

15 The Energy Sector Institutional Structure at Centre...
Government of India Planning Commission Ministry of Power Ministry of Environment & Forests Ministry of Petroleum & Natural Gas Ministry of New andRenewable Department of Atomic Energy CERC / CEA / BEE Ministry of Coal Energy Utilities / NTPC / NHPC / POWERGRID / PTC / PFC / REC Central Pollution Control Board IndianRenewableEnergy Development Agency Upstream / Downstream Companies India is the only country worldwide to have a dedicated ministry for promotion of renewable energy– Ministry of New and Renewable Energy(MNRE) Source: Clean Energy: An Exporter’s Guide to India (2008) 5

16 …And the RE Institutional Structure at the State Level…
State Government State Electricity Regulatory Commission Department of Environment State Pollution Control Board Department of Power State Utilities / GENCOs / DISCOMs / TRANSCOMs State Renewable Development Agency Electrical Inspectorate Most States have State Nodal Agencies (SNAs) to oversee their respective implementationof renewable energyprograms Source: Clean Energy: An Exporter’s Guide to India (2008) 6

17 Provide the Overall RE Institutional Support Structure
Planning Commission CERC / CEA Ministry of Power / REC Ministry of Finance Ministry of New & RenewableEnergy (MNRE) SERCs Banks / NBFCs / Multilaterals Solar Energy Centre / Other R&D Institutes IREDA NVVN SDREDAs / SNAs / NGOs / Akshay Urja Shops State Utilities / GENCOs / DISCOMS / TANSCOMS Solar Cells, Modules & Systems Manufacturers End Users & Producers:: Individuals / Corporates/ Government/ IPPs Policy Flow R&D Flow Fund Flow Implementation Flow Source: Framework Adapted from India: Renewable Energy Report (APCTT-UNESCAP); Analysis 7

18 India will be the next solar capital of the World
35 80 68.0 30 70 60 25 20 23.2 44.8 15.6 50 40 Annual Solar Market (GW) Cumulative Solar Capacity (GW) 15 30 10 20 13.1 5 5.2 2.7 10 0.7 2.0 Annual Solar Market (Source: KPMG’s Solar Market Potential Model) Till dategrowth was in Europe CAGR of ~ 60% for both CSP & Solar PV technology in the last 5 years in the world Source: REN21 Cumulative Solar Capacity Next growth will be in India. By , cumulative Solar capacity will be 68 GW Key Drivers Strong Government support Decreasing cost of Solar power Huge Off grid requirement of Agriculture/Rural segment 9

19 EICC How can you participate: Joint venture with Indian partner FDI
Participate in any area of the value chain: Production to EPC to Financing to Maintenance

20 EICC Gracias y Namaskar.

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