1. 17th Renewable Energy Summit
K S Popli
Chairman and Managing Director
Indian Renewable Energy Development Agency Ltd. (New Delhi, India)
14th February, 2018I New Delhi

2. Target (2022): 175 GW Mission 175 GW by 2022 Solar 100 GW Wind 60 GW
India made a commitment in Paris Climate Agreement
To reduce emission intensity of the economy and
For having at least 40% electric power installed capacity from clean energy sources by the year 2030.
Towards this an ambitious target of 175 GW by 2022 announced in 2015:
Target (2022):
175 GW
Sector
Potential (GW)
(As on date)
Installed (GW)
Wind
302
32.84
Solar
750
16.07
Small Hydro 20
4.41
Biomass incl bagasse Cogen. 23
8.41
Total
1095
62.84
Solar
100 GW
Wind
60 GW
Bio Energy
10 GW
Small Hydro
5 GW
As on

3. Mission 100 GW Solar by 2022 Projects commissioned till 31.01.2018:
Capacity installed up to March : GW
Capacity installed during so far : GW
Total capacity as on : GW
Based on tenders floated an additional 3.5 GW Capacity expected by March 2018
Total expected Solar capacity up to : 22 GW

4. Plan for 2017-18 Already bid out : 11,161 MW February, 2018 : 5,000 MW
Till November, ,866 MW
December, ,585 MW
January ,210 MW
February, : 5,000 MW
SECI 3,000 MW
NTPC 2,000 MW
March, : 6,000 MW
NTPC 3,000 MW
Total : 21,161 MW
PPAs of 3,276 MW have already been signed.
NPTC is expected to increased the capacity from 5,000 MW to 10,000 MW
SECI has invited EoI to install 10 GW of floating solar power plants capacity in phased manner in next three years.
15 parties have shown interest.

5. Trajectory for coming years
Proposed bids during the coming period:
: 20 GW (11.16 GW already bid out)
: 30 GW
: 30 GW
Total (Including plants commissioned till ): 102 GW

6. 2018-19 Solar Plan Tender Capacity ( MW)
Tender to be brought by SECI – 3,000 MW each in May, July, September, November, January, 2018 & March, 2019
18,000
Tenders under CPSU Scheme – Tenders by September, 2018
3,000
Tenders under KUSUM * Scheme – Tenders by December, 2018
Tenders by NTPC – 5,000 MW by September, 2018 and 5,000 MW by February, 2019
10,000
TOTAL
34,000
* Kisan Urja Suraksha evam Utthaan Mahaabhiyan (KUSUM)

7. Solar - Manufacturing Base
To boost manufacturing, the government has sought EoI for 20 GW of solar-generation capacity by companies ready to set up manufacturing facilities in India. 30 companies have submitted EoI.
India’s total module manufacturing capacity is estimated at 8.4 GW and Solar Cell at 3.2 GW.
About 88% of all module requirement in India is met through imports.
The GoI, together with state governments, is offering several incentives for manufacturing modules in India – including capital subsidy, operating cost subsidy and export incentives – under different policies

8. Wind Power Change in tariff regime from FIT to bidding route in 2017
Wind has the highest share amongst RE.
Globally out of 921 GW of total RE capacity wind is 488 GW (53%)
In India Wind Power installed capacity is 32.8 GW (around 52%) of total RE capacity of GW.
India stands 4th in terms of wind power installed capacity (China, USA and Germany)
Change in tariff regime from FIT to bidding route in 2017

9. Tariff Discovered Rs/Unit
Wind Auctions
Capacity (GW)
Tariff Discovered Rs/Unit
Status
SECI – I 1
3.46
Completed
SECI – II
2.64 / 2.65
SECI – III 2
E-revers bidding expected by Feb 15
Tamil Nadu
0.5
3.42
Gujarat
2.43
Maharashtra
Bid floated
SECI –IV
Total
7.5
In pipeline – Rajasthan, Karnataka & SECI -V
Off-Shore Wind
GoI is contemplating off-shore wind programme in the coming years to take advantage of huge potential for off-shore wind in India.
As per the meso-scale mapping studies, there is a potential of 75 GW in Gujarat and 60 GW in Tamil Nadu.
First LiDAR to monitor wind conditions at sea is installed Gujarat.
NIWE to take clearances for evacuation

10. Target for 2018-19 and 2019-20 10 GW tenders each year.
2500 MW tenders during months of June, September, December and March.

11. Wind - Manufacturing Base
Manufacturing capacity around 10 GW per annum
21 manufacturers with 54 models
Indigenization over 80%
Cost of Indian wind turbines among lowest in the world

12. Status of other Renewable Energy Sources
Biomass Power and Cogeneration
Target by 2022 : 10,000 MW
Achievement : 9,266 MW (January, 2018)
~ 800 MW in next 4 years.
The current availability of biomass in India is estimated at about 500 million metric tons per year.
Estimated surplus biomass availability at about 120 to 150 million metric tons per annum covering agricultural and forestry residues
Potential of about 18,000 MW Biomass power & 7,000 MW additional Potential - Bagasse cogeneration in the country’s 550 sugar mills.
Small Hydro Power (SHP)
Potential : 20,000 MW
Target by 2022: 5,000 MW
Achievement: 4,458 MW (as on )
~ 600 MW in next 4 years
Other New RE Technologies/ Focus Areas
Waste to Energy Projects
Solar - Wind Hybrid Projects

13. Renewable Energy Investment –Global vis-à-vis India
Total Global investments in RE was $333.5 Billion in 2017 (up 3% from 2016 levels)
Reduction in technology costs, raw material costs, improved technology, conducive policy environment, better financing structuring of projects have resulted in low capital costs over the years

14. 175 GW RE plan by 2022 entails investment of Approx Rs. 5,60,000 Crore
Funding Requirements
To achieve the target of 175 GW from present ~63 GW of renewable energy, approximately Rs. 5,60,000 Cr needed over the period of next 4- 5 years (until 2022)
Recently, more and more Bankers/Financial Institutions have started financing Renewable Energy Projects
Green/Masala bonds has been a successful financial instrument for investors to raise funds – Bond market has increased from US$ 42 billion in 2015 to US$ 92 billion in It is expected that bond market would have touched US$ 120 billion in 2017.
Recently, IREDA has successfully raised Rs billion through a 5 year rupee-denominated green bond at the tightest ever pricing
Several Multi-Lateral / Bi lateral Agencies like World Bank, KfW, Germany, ADB, the New Development Bank (NDB) have also been extending Lines of Credit in funding Indian RE Sector
With year on year reduction in technology costs, raw material costs, improved technology, conducive policy environment, better financial structuring of projects and
Assuming 10-20% yearly increase in investments, it may be said that India can easily mobilize the requisite funds
175 GW RE plan by 2022 entails investment of Approx Rs. 5,60,000 Crore
Debt (70%)
Equity (30%)
(~ Rs. 3,92,000 Crores)
(~ Rs. 1,68,000 Crs)

15. Amendment in Electricity Act & Tariff Policy
The Government is considering amendments in the Electricity Act to provide further impetus to growth of energy sector, viz:
Electricity Act
Separation of carriage and content business
State to prepare a roadmap to segregate distribution and supply wings of the DISCOMs
Stricter enforcement of RPO
Making tariff policy to keep cross subsidy component within 20%.
Service obligation on part of DISCOMS to ensure 24X7 power supply.
Tariff Policy
To disallow AT&C losses of beyond 15% from being recouped via higher tariffs.
The move will force the DISCOMS & State Govts to lower AT&C losses
Push DISCOMS to reduce pilferage and theft of electricity.

16. India’s Energy Storage Market
To address the challenges of large scale integration of RE into the grid, Storage technologies would play a critical role
India’s energy storage potential is expected to reach 25 GW by 2032 primarily driven by investment in RE
Key growth drivers:
Integration of 175 GW of renewable energy sources by 2022
Today the average storage cost is around US$ 250 / kWh which is expected to touch US$ 100 /kWh in next 3-4 years.
Falling costs, improved performance
Mandatory use of RE in telecom towers (as mandated by TRAI)
Indian grid-scale storage market is lagging behind countries like the US, China, South Korea and Japan since it is still awaiting installation of its first megawatt scale battery energy storage project.
The government plans to shift to an all-electric fleet by 2030 which will boost the storage market.

17. THANK YOU
Indian Renewable Energy Development Agency Limited |