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www.EQMagPro.com EQ April 2018 5 VOLUME 10 Issue # 4

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6 EQ April 2018 www.EQMagPro.com BUDGET 2018-19 ELECTRIC VEHICLES IMPACT OF FINANCE BUDGET White Paper on Electric 2018 An Overview For Indian Vehicle Charging Infra- 34 Renewable Energy Sector 50 structure

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ELECTRIC VEHICLES INTERNATIONAL SOLAR ALLIANCE INTERNATIONAL SOLAR ALLIANCE How Battery Storage Can Help IREDA & European Investment Record EUR 1 billion European Charge The Electric-Vehicle Bank sign Euro 150 million Investment Bank support for Market Loan Agreement... global solar... 47 44 43

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NGT appoints committee Biggest Solar Power Plant to study harmful effects in Uttar Pradesh set up through transparent auction under the Solar Park Scheme of of antimony New & Renewable Energy Ministry The National Green Tribunal appointed an expert committee to study the harmful effects of antimony on environment after a Viability Gap Funding (VGF) of Rs.74.25 lakh per MW provided by the Govern- plea sought a ban on the manufacture, use and import of solar ment of India for the project panels containing the heavy metal. rime Minister Shri Narendra Modi and French bench of Justices Jawad Rahim and R President Shri Emmanuel Macron inaugurated Ut- S Rathore constituted a three-member tar Pradesh’s biggest solar power plant of 75 MW committee comprising Vinay A Juvekar (101DC) capacity in Mirzapur on March 12. Built at from IIT Bombay, and a scientist each a cost of around Rs.528 crores, the 75 MW solar from the Central Pollution Control plant at Vijaypur village in Mirzapur, will generate 13 Board (CPCB) and the Ministry of New crore units of electricity per annum. The power plant and Renewable Energy (MNRE). Phas been set up by the French firm ENGIE through a transpar- A ent bidding process under the Solar Park Scheme of the New “The committee shall state in its report and Renewable Energy Ministry. The electricity generated by the whether antimony was harmful and project will be supplied by ENGIE at the rate of Rs.4.43 per unit for what are its side effects. Is there any a period of 25 years. Viability Gap Funding (VGF) for the project possibility of leaching of the heavy metal at the rate of Rs.74.25 lakh per MW has been provided by the and up to what extent any other issue Government of India for the project. which would be necessary in analysis of The Ministry had earlier approved setting up of 4 solar parks in ill effects of antimony and the remedial Uttar Pradesh worth the capacity of 440 MW. These solar parks measures thereof,” the bench said. are being set up by Lucknow Solar Park Development Corporation (LSPDC) which is a joint venture of Solar Energy Corporation of India (SECI) and Non-conventional Energy Development Agency The tribunal directed the committee to submit the (NEDA) under UP Government. A 50 MW solar power plant has report in six weeks. already come up in Allahabad. Another 40 MW solar power is “The committee should be provided logistics support ready for commissioning in Jalaun district. With the inauguration by the CPCB and the remuneration shall be one lakh of 75 MW power plant in Mirzapur by the Prime Minister, the total per person,” it said. capacity of solar power plants in Uttar Pradesh has gone up to 165 MW. Biddings of 225 MW solar power plants will be opened The matter will be heard on April 16. on 12th April, 2018. Earlier, the Prime Minister Shri Narendra Modi The tribunal had earlier issued notices to the MNRE, inaugurated the International Solar Alliance Summit in New Delhi the Ministry of Commerce and the CPCB and sought along with the visiting French President Shri Emmanuel Macron. their responses. Representatives from 61 countries along with the Heads of States Solar panels (also known as PV panels) are used to from 21 countries attended the foundation day ceremony of the convert sunlight into electricity The plea, filed by advo- conference. cate Niharika, had said with increasing use of solar mod- International Solar Alliance (ISA) is dream of the Prime Minister ules and panels under the National Solar Mission, the to bring the world together on a platform to promote the use of scientific disposal of antimony posed several problems solar energy and make the solar power available for all at cheaper for the environment The petition had claimed that anti- rates. ISA is the first treaty based global inter-governmental orga- mony was at present being dumped in landfill sites along nization set up in India. Its headquarter is located at National Solar with the solar panels which were crushed after use It had Energy Institute (NSEI) at Gwalpahari, Gurugram in Haryana. sought a direction to the CPCB to amend the E-Waste Rules, 2016 and bring antimony within scope of Rules 16 pertaining to hazardous substances “Solar modules that could produce six giga watts power were imported from China last year, and each GW had four million modules The Union Power Minister, Shri R.K. Singh that weighed 52,000 tonnes,” it had said The plea said told on this occasion that India is among the that the CPCB should pass a direction to permit import of pioneering countries in promoting the use only those solar modules that do not contain antimony It of solar power. India has set up an ambitious had also sought random sampling of the solar modules target of setting up of 1 lakh MW solar power in the collaboration of an Indian Institute of Technology plants in the country by 2022. He also said that (IIT) to verify the existence of hazardous substances, in view of the progress made so far, nation including antimony. The petition had asked for a direc- will meet the target ahead of the schedule. tion to the respondents and the environment monitoring The Power Minister said that solar energy is agencies to immediately undertake remedial measures important for India’s energy security and the to limit the damage caused to the environment by sub- Government is working in a fast track mode in mitting an action plan, showing how to deal with future this direction. disposal of solar panels.

www.EQMagPro.com EQ April 2018 11 india

Mytrah Energy Plans To Add 1 GW Re- Electricity should newable Capacity By September 2019 be brought under GST: Mytrah Energy, the winner in India’s first wind power auction last year, plans to add 1-gigawatt of wind and solar capacity by September next year as India increases the pace IEEMA of tendering.

That will add to Mytrah’s 2 GW of renewable energy capacity, Vikram Kailas, vice chairman and managing director at the company, told BloombergQuint in an interview. The electricity should be brought under Goods and ytrah, listed on London’s AIM, won 250 MW bid in the Services Tax as it will make power cheaper, the apex { { industry association of manufacturers of electrical first such auction conducted by Solar Energy Corpora- tion of India last year in February after India moved and industrial electronics IEEMA said. from feed-in tariffs to auctions. It will sell power from the project at Maniyachi, Tamil Nadu to Power Trading Corporation at Rs 3.46 per unit. Both solar and wind tariffs have since fallen to record lows as India auction M projects to meet its target of increasing the nation’s renewable energy capacity about threefold to 175 GW “We are of the view by 2022. That’s because Asia’s third-largest economy the electricity should wants to lower its reliance on coal-fired energy. That in- be brought under cludes adding 100 GW solar and 60 GW wind capacity. Goods and Services Tax (GST) because the The target for achieving wind capacity will be met but solar credit will be avail- sector has fallen behind by 20,000-30,000 MW, Kailas said. The able and electric- overall target may be delayed by a year or two, he said. “That’s ity will be cheaper,” because of regulatory uncertainty in terms of safeguard duty, Indian Electrical and anti-dumping duty and solar panels being not available in China Electronics Manufac- in the volume and frequency that you would expect it to be. I will turers Association (IEEMA) Director recommend the government to have clarity on regulatory aspect General Sunil Misra of the business.” told reporters here. Mytrah has 2000 MW of operational and under-development power capacity, according to the information on its website. The assets are spread across 15 wind farms in nine states—Rajasthan, Gujarat, Mad- He said, that, IEEMA has also made rep- hya Pradesh, Maharashtra, Andhra Pradesh, Telangana, Karnataka, resentation to the government, requesting it Punjab and Tamil Nadu.The clean energy firm may file for an initial pub- to bring electricity under the ambit of GST. lic offering next year, Kailas said. It aims to raise $500 million, he said, “Electricity is considered under energy…Our Wind tariffs have fallen to record lows in the auction held after job is to push the government to get GST February last year. Kailas said pricing will remain in the range of Rs and electricity under the GST Act. If the 2.5-3.25 a unit but still cheaper than thermal energy. “That’s because technology has improved drastically. Therefore, there has been an government is able to do it then it is fine,” increase in volume. Wind sector faces two risks: the off-taker and grid. IEEMA said. In SECI auctions, there is more clarity in the PPA which bring the risks down and there is assured evacuation. All this is driving the risks and EEMA, the apex industry association cost of power lower.” of manufacturers of electrical, indus- Waiving interstate transmission charges for wind and solar projects trial electronics and allied equipment commissioned till March 2022 is a good step, he said. Rs 2-3 per unit in India, organised ELECRAMA 2018 will be saved as states like Rajasthan that was buying power at Rs 5.50 from March 10-14.ELECRAMA is a unit can now get it at Rs 2, he said. “Now you can locate your wind the flagship showcased of the Indian farms at the best possible wind sites and supply power at the least cost electrical industry ecosystem. The possible. Discoms will demand wind and solar power. We expect the exhibition covers the entire gamut of volumes to go up by at least 50-100 percent,” Kailas, however, cau- I electricity including, generation, trans- tioned that the next financial year will be a dull one for the wind sector. mission, distribution, power electron- “Bids have come but most of these projects are not going to happen ics and renewable. next year… because you have 20 months to do these projects. The year after that, we see 6,000-10,000 MW addition.”

Source: PTI

12 EQ April 2018 www.EQMagPro.com india

n the future, Karnataka aims to be an energy surplus state, he said. Built on 13,000 acres across five villages, the solar power park is being set up with an investment of Rs 16,500 crore, according to an official I statement. Karnataka: Chief Minister Siddaramaiah inaugurates 2,000 MW solar power plant “The solar park has farmers from Chief Minister Siddaramaiah inaugurated the 2,000 mega watt (MW) solar the Pavagada power park at Pavagada in Karnataka’s Tumakuru district, about 70km from region as part- here. ners and benefi- ciaries, leasing out their lands “Karnataka has emerged as the third largest pro- for the park,” ducer of renewable energy in the country. We have said the state’s set a goal to source at least 20 per cent of people’s Energy Minister power requirements from renewable projects,” Sid- D.K.Shivakumar. daramaiah said during the inauguration.

www.EQMagPro.com EQ April 2018 13 india

Shri RK Singh launches National E-Mobility Programme in India; congratulates EESL for installation of 50 lakh LED street lights EESL to issue tender for procurement of 10,000 electric cars Per kilometer cost for an electric car is just 85 paisa against Rs 6.5 for normal cars

The R K Singh, Union Minister congratu- hri R K Singh, Union Minis- lated EESL for its new tender of 10,000 ter of State (IC) Power and e-vehicles and said that it makes sense New & Renewable Energy, from point of view of environment and launched the National E- economy both. The per kilometer cost for Mobility Programme here, an electric car is just 85 paisa against Rs today. The Programme aims 6.5 for normal cars and these would also to provide an impetus to the help us achieve autonomy from expen- Sentire e-mobility ecosystem sive petroleum imports, he added. including vehicle manufacturers, charging infrastructure companies, fleet operators, Calling the installation of 50 lakh LED street service providers, etc. lights by EESL “a very impressive milestone for The Programme will be our country”, Shri Singh reiterated the path of implemented by Energy energy efficiency that the Prime Minister Shri Efficiency Services Limited Narendra Modi chose for the country on the (EESL) which will aggregate sidelines of Paris Summit in 2015. He said that demand by procuring electric India aims to develop as a responsible power, vehicles in bulk to get econo- with the motto- “Healthier world, healthier mies of scale. These electric country”, and long term goal is to leave behind a vehicles will replace the exist- better world. Saying, “The future is electric” the ing fleet of petrol and diesel Minister said that in most part of the developed Speaking on the occasion, Sec- vehicles. EESL had procured world cooking is electric, and many countries retary, Power Shri Ajay Kumar Bhalla said that the Government 10,000 e-vehicles last year have announced dates to phase out their diesel is focusing on creating charg- and will issue a new tender vehicles. Even our IIT teams have developed ing infrastructure and policy very soon for 10,000 more electric cooking system and we are going to go framework so that by 2030 more e-vehicles to cater to the electric and go green. He invited the industry than 30 per cent of vehicles growing demand. With these to be part of India’s growth story, and said “My are electricity vehicles. During 20,000 electric cars, India is message to industry is, come and invest in the programme, it was also expected to save over 5 crore manufacturing of e-vehicles and batteries”. highlighted that there would be litres of fuel every year lead- Shri Aniruddha Kumar, Joint Secretary, Min- no need for license for establishing to a reduction of over 5.6 istry of Power; Shri Rajeev Sharma, Chairman, ing the charging infrastructure lakh tonnes of annual CO2 EESL; Shri Saurabh Kumar, Managing Director, in country and the tariff for this emission. EESL were among the dignitaries present along would be less than Rs 6.

with other senior officials of the Ministries. Source: pib.nic.in

14 EQ April 2018 www.EQMagPro.com www.EQMagPro.com EQ April 2018 15 india

Shri RK Singh directs REC and PFC not to grant any loan to DISCOMs which are making heavy losses, unless they draw up a road map for Diu Becomes India’s First reducing the losses Union Territory To Run 100% On Solar Power A union territory earlier fully dependent on Gujarat for its power requirements, Diu now runs 100 percent on solar power generated energy, becoming the first union territory in India to do so.

In a model example for effective ways of generating renewable energy, Diu not only generates sufficient energy from solar power for the requirements of its residents, but also generates surplus power, thereby bringing down electricity costs. In a short span of 3 years, Diu has installed solar power plants over more than 50 acres, generat- I ing a total of 13 megawatts of energy from solar power facilities. Shri R K Singh, Union Minister of State (IC) Power and New & Renewable While 3 MW is generated by rooftop solar Energy took a review meeting of the two financing arms of the Power plants, 10 MW is generated by its other solar Ministry – Rural Electrification Corporation (REC) and Power Finance parts. As recent as 3 years ago, the residents of Corporation (PFC) on 7th March, 2018. Diu were dependent on electricity supplied by the power grid owned by the Gujarat government, he Minister directed the two institutions that resulting in huge line losses and expensive tariffs. before granting of loan either for capital expenditure or for non-capital expenditure, the adherence to prudential norms must be Daman and Diu electricity department executive carefully observed. He noted that many dis- engineer Milind Ingle told TOI, “The population tribution companies have been making heavy of Diu is only 56,000. For water and electricity, the transmission and distribution (T&D) losses Union territory was solely dependent on the Gujarat and it may be difficult for them to repay the government. To overcome this limitation, the admin- T loans. istration of the Union territory decided to set up solar The Minister directed that DISCOMs power plants in Diu.” which are making heavy losses (above 15 per cent) will not be granted any loans for He added, “Diu’s peak-time demand for capital expenditure or non-capital expenditure electricity goes up to 7 MW and we generate until and unless they draw up a road map about 10.5 MW of electricity from solar energy for reducing the losses over a definite time daily. This is way more than the consumption frame (not more than 2 years), and they are demand requirement.” able to show that they are taking action in Monthly electricity bill charges for local resi- accordance with the road map. This will be dents has fallen by around 12 percent, Ingle said. vetted by the Ministry of Power and only then Earlier, the charges for 0-50 units was Rs 1.20 will the grant of loan be considered for such per unit and 50-100 units for Rs 1.50 unit which DISCOMs. has now been brought down to 1-100 units for Rs 1.01 per unit. The significance of Diu using 100 percent solar powered energy is great, as it confirms that it is possible to switch over from current non-renewable forms of energy sources to cleaner and renewable sources. Source: newsworldindia.in

16 EQ April 2018 www.EQMagPro.com india

Shri R.K. Singh chairs meeting with IPPs, assures of suitable action to resolve their problems Shri R K Singh, Union Minister of State (IC) Power and New & Renewable Energy held a meeting with Inde- pendent Power Producers (IPPs) to discuss the issues faced by them and find out possible solutions. In the meeting, the issue of recent The meeting discussed the issues RBI circular, which lays down strin- related to coal supply in detail. IPPs gent provisioning norms on default also brought up the issue related to of even one day in payment to the implementation of new environmental lenders, was raised by IPPs promi- norms and requested for early clarifi- nently, particularly in the context cation regarding pass-through of the of delay in payment by DISCOMs consequential increase in the cost of I including non-payment of Late Pay- generation. They also raised the issue ment Surcharge (LPS). of financing of the capital costs for the mal generation is substantial. Total Some of the IPPs raised concerns new equipments to meet the norms. installed capacity (including renew- about delay in disposal of tariff The Minster recognised the impor- ables) of private sector is 1,48,896.74 petitions by Regulators regarding tant role played by IPPs in capacity MW, amounting to 44 per cent of the compensatory tariff for increase addition and addressing power short- total capacity of 3,34,399.83 MW in in taxes, duties, cess etc levied by age in the country. He said that their India. Senior officials from the Ministry Government. They also mentioned concerns would be examined into and of Power, Central Electricity Authority, that escalation index of CERC does assured them of suitable action in con- Central Electricity Regulatory Com- not reflect the actual increase in coal sultation with concerned departments mission, Ministry of Coal, Ministry prices and requested CERC to make a to strengthen the power sector. of Railways and Ministry of Finance separate index for power sector. The contribution of IPPs in ther- were present in the meeting.

www.EQMagPro.com EQ April 2018 17 india IBC SOLAR Connects 3 MW Solar Power to the Grid in India Under Open Access The 3 MWp solar park built for a tea company is IBC SOLAR’s seventh project in India and its first one in Tamil Nadu Vikram Solar ties up with France’s CEA IBC SOLAR, a global leader in photovolta- India’s Vikram Solar has signed a collaboration agreement with French Alternatie Energies ic (PV) systems and energy storage, has and Atomic Energy Commission (CEA) for innovative technology research and development widened its business in India. Yesterday, in solar energy. the inauguration ceremony took place at the plant site in Tamil Nadu. he pact, signed during French President Emmanuel Macron’s India visit, is for enhanced research and development in high ef- project is part of India’s Open ficiency crystalline silicon cells, modules, systems and a host of Access Policy. With the Elec- high efficiency generation and storage technologies for French tricity Act (2003), the govern- and Indian markets, Vikram Solar said in a statement. ment confirms open access “Under the MoU, CEA will share their know-how and technol- to the transmission lines as ogies in the field of solar energy, storage, smart grid and thermal an encouragement to private efficiency while Vikram Solar will apply these technologies in T investors to enter the electric- large volume manufacturing with a wider objective of improving solar photo- ity generation sector. Under this provision, voltaic cells and modules to perform at record-efficiency in energy conversion P every person who has constructed a captive and simultaneously developing battery solutions by increasing their energy generating plant is entitled to open access to storage capacity,” it said.Other advanced research and development areas of the transmission lines for carrying electric- collaboration will include crystallization and wafering, mono and bi-facial mod- ity from their plant to the destination of its ules, agri-photovoltaics and solar mobility as well as exploring new competitive use. It is similar to a self-consumption plant materials in order to reduce costs. with some distance between generator and consumption point.

“This is a very inter- esting project,” says Shailendra Bebortha, Managing Director of IBC SOLAR in India, “As it combines a lot of unusual factors.” In fact, the project has quite a few of ‘first times’. While IBC Gyanesh Chaudhary, MD & CEO, Christophe Ggout, Deputy Chairman of the SOLAR so far concentrated on Rajast- Vikram Solar Limited, said the as- CEA, said: “Our association with Vikram han, Maharashtra and Odisha, this is its sociation with CEA will strengthen Solar comes at a time when the need for first solar park in Tamil Nadu. the company’s focus on newer renewables is at an all-time high in India as technology. well as globally. The solar park was built near Madurai, for The Peria Karamalai Tea & Produce Co. Ltd. which has reduced its carbon footprint with a This is a perfect time for us to leverage our strength in research and de- solar park thus confirming their commitment to velopment and fuse it with Vikram Solar’s long standing position as a leading renewable energies. The NSE-listed company global solar module player with key focus on quality, technology and innova- belongs to the LN Bangur Group who has tion.” The CEA carries out research on thermal and photovoltaic solar energy, worked with IBC SOLAR for several other in support of industrial companies in the sector. In the field of solar thermal large-scale projects. Mr Shreeyash Bangur, energy, the CEA has, within the National Institute of Solar Energy (INES), an MD of LN Bangur Group says: “This project is R&D platform dedicated to the optimisation of solar thermal systems. The of immense significance as we have replaced CEA also carries out research on the production of electricity using a thermo- our more than 20-year-old wind project with dynamic process known as concentrating solar power technology. solar. From now on, 100% of our tea will be In the field of photovoltaics, the CEA’s research is focusing on improving manufactured with solar energy.” The installa- the output and reducing the costs of photovoltaic modules, and also anticipat- tion crew had to overcome a prolonged mon- ing the problems of integration in the grid which will arise following a massive soon and Shailendra Bebortha takes particular insertion of renewables in the energy mix. This work, carried out at INES, pride in the fact that the solar project was makes use of its technological platform to manufacture cells and modules and realized on time. At the same time, the solar its software platform to simulate the behaviour of a future grid with renewable park was built with the proverbial IBC SOLAR- energy sources, as well as storage and consumption equipments, the state- quality, with-tier one modules and inverters ment added. Source: PTI and meticulous attention to the detail.

18 EQ April 2018 www.EQMagPro.com www.EQMagPro.com EQ April 2018 19 We build Quality We offer Quality Advancing Inverter Technology to a New Level w w w . s o f a r . c o m King’s return SOFAR 50-70KW Designed for commercial projects and utility projects

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VISIT US : RENEWX 2018, BOOTH NO. HK15 Policy measures for promotion of new & renewable energy Total capacity of 65 GW renewable energy installed in the country so far he Government of India has set he Government of India has undertaken a number of policy mea- up a target of installing 175 GW sures for increasing share of renewable energy in India’s energy capacity through renewables by mix. These, inter-alia, include: T 2022. As on 28.02.2018, a total Smart Monitoring a) Provision of Renewable Pur- g) Repowering of Wind Power capacity of 65 GW had been chase Obligation (RPO) under Projects for optimal utilization installed in the country. The low- the National Tariff Policy; of wind resources; est tariff discovered for solar at 7 Years Warranty b) Notification of the long term h) Offshore wind energy policy T Bhadala solar Park in Rajasthan growth trajectory of RPO for for development of offshore in May 2017, and for wind in the tariff-based solar and non-solar energy wind energy in the Indian capacity auction of Gujarat Urja Vikas Nigam for next 3 years from 2016-17, Exclusive Economic Zone; Ltd in December 2017 were Rs. 2.44/KWh and Local Service 2017-18 and 2018-19; i) Supporting research and de- Rs 2.43/KWh respectively. However, the cost c) Development of Solar Parks velopment on various aspects of production of energy from solar and wind and Ultra Mega Solar Power of renewable energy including energy sources varies from place to place Projects; with industry participation; depending upon, inter-alia, insolation, wind d) Development of power trans- j) Financial incentives for off- speed, cost of land, cost of financing and basic mission network through grid and decentralized renew- infrastructure. It is true that in some projects Green Energy Corridor proj- able energy systems and tariff of solar and wind power discovered is in ect; devices for meeting energy the range or even lesser as compared to the e) Making roof top solar as a part needs for cooking, lighting cost of coal based thermal power plants. of housing loan provided by and productive purposes; and This information was provided by Shri banks; k) Permitting 100 percent Foreign R.K. Singh, Union Minister of State (IC) Pow- f) Waiver of Inter-State Transmis- Direct Investment in sector er and New & Renewable Energy in written sion Charges and losses; through automatic route. reply to a question in Lok Sabha. Just contact with us Tel: +91 99983 90936 Eamil: [email protected] Office: No. 1108A, SAKAR 9, Ashram Road, Ahmedabad-380009, Gujarat, India www.EQMagPro.com EQ April 2018 21 india

Govt to amend solar bid rule to allow pass through of import duty hike

Allaying fears of an adverse impact on Indias solar energy programme due to the proposed 70 percent safeguard duty, Power Minister R. K .Singh said the government will amend bidding rules to allow pass through of duty hike.

overnment will ensure that the rules are not implemented retrospectively, he said. With pass through of any hike in Acting on an application filed by an association of five duties, solar power developers will be domestic cell and module makers including the Adani allowed to increase the tariffs based on Group, the DGS recommended “a provisional Safeguard which they have bagged the projects, Duty be imposed at the rate of 70 percent ad valorem on so as to recover the extra cost. the imports of solar cells whether or not assembled in G modules or panels.” “The duty structure prevailing on the day of bid shall be implemented. Any change A Parliamentary panel had said in its report yester- in taxes and duties would be passed day that there is no valid ground for imposing 70 per through. Current bidding document pro- cent safeguard duty on solar equipment imports It also vides for passing through taxes only. We said that the imposition of duty would affect the viability of existing projects and dampen investor sentiment. would provide for passing through taxes At present customs duty on Solar Cells/Modules/ and duties,” Singh told reporters here. Panels is levied at the rate of 7.5 per cent. Further, a Safeguard Duty to the tune of 70 per cent has been recommended. Asked about the Rs 16,000 crore new { He also assured that the amendment in the bidding { hydro policy to boost the sector, Singh said it has gone rules can be done by his approval and does not require for inter-ministerial consultation and other ministries Parliament nod. He said an inter-ministerial committee and department would give their comments to the headed by commerce secretary will finalise the recom- power ministry about the proposal. After that the pro- mendation on the proposal of Directorate General of posal will be firmed up for putting before the Cabinet Safeguards (DGS) by next week. for approval. On boosting gas based power plants, The recommendations of the DG Safeguards are Singh said that some talks are going on for gas pooling examined by the Board of Safeguards, which is headed of domestic and imported gas. by the Commerce Secretary. If the Board agrees with the findings of the DG Safeguards, it recommends imposition of duty to the Finance Ministry. Clarifying on the governments ambitious e-mobility The safeguard duty is a global measure and applies plan, he said: “By 2030 most of the cars sold would be to imports from all countries. electric and population of e-cars would be 30 per cent. We are for liberal regime for setting up electric chargers for In a January 5 recommendation to the e-vehicles.” On the fears that states populism during polls finance ministry, the DGS said solar cells may increase discoms loss by giving freebies to certain are “being imported into India in such category of consumer, the minister said, “In case any increased quantities and under such con- state wants to give any subsidy to any category of power ditions so as to cause or threaten to cause consumers, the money would be transferred through serious injury to the domestic industry direct benefit transfer. The amount of subsidy would be manufacturing like or directly competitive deposited upfront to discom.” products”. { { Source: PTI

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PM Modi proposes 10-point action plan at solar conference Prime Minister Narendra Modi called for concessional and less-risky finances for raising the share of solar electricity in the energy mix and pledged to generate 175 gigawatts (GW) of electricity in India from renewable energy sources by 2022.

or achieving the ISA target of over 1,000 GW of solar generation capacity and mobilisation of investment of over $1 trillion by 2030, Modi called for concessional financing and less-risky funds being made available for such projects. “India will generate 175 GW of electricity from renewable Speaking at the founding sources including 100 GW from solar,” he said ISA secretariat has to be strengthened and made profes- conference of the International Solar F sional, he said, adding that solar energy presents a per- Alliance (ISA), PM manent, affordable and reliable source for meeting energy Narendra Modi proposed a 10-point needs of mankind. As a demonstration of India’s commitment action plan that includes making afford- to ISA, Modi said 500 training slots will be created for mem- able solar technology available to all ber countries and a solar technology mission will be started nations, raising the share of electricity to lead R&D in the sector. To supplement solar energy generation, India has distributed 28 crore LED bulbs in the generated from photovoltaic cells in last three years which have helped save USD 2 billion and 4 the energy mix, framing regulations GW of electricity, the prime minister said.ISA, headquartered and standards, consultancy support for in Gurgaon near here, is now a treaty-based inter-govern- bankable solar projects and creating a mental organisation that was established following the Paris network of centres for excellence. Declaration as an alliance dedicated to the promotion of solar energy among its member countries.

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Parliamnet of India – Standing Committee On Energy Dr. Kambhampati Hari Babu, Chairperson, Standing Committee on Energy, presented the Thirty-Ninth Report on 'Demands for Grants of the Ministry of New and Renewable Energy for the year 2018-19' to the Lok Sabha

Some of the important Recommendations of the Committee are as under:

Exhaustive The Committee have observed that for the last two Identification of In Wind Energy Sector, against a target of 4000 MW for utilization of years, the Ministry has not been able to fully utilize reasons 2017-18, only 597.91 MW capacity has been installed (as allocated funds the allocated responsible for on January 31, 2018). It means the achievement is even amount. It is found that the Ministry could utilize and nonachievement less than 15% of the target. identification of only 63%, 65% and 70% of the total fund allocation of (Para No. 8 of Part – II of the Report) weak areas on during the the physical the basis of the years 2015-16, 2016-17 and 2017-18 (upto Decem- Regarding Solar Energy Sector, the Committee have noted Ministry's ber, 2017) respectively. The Committee have been target in 2017- 18 and that according to the planned year-wise trajectory of the performance concerned Ministry to achieve 100 GW of Solar Energy by 2022, there to note that the Ministry has continuously failed to monitoring of during the should have been 32,000 MW of installed Solar Capacity previous years, achieve its yearly targets. For the year 2016-17, the progress of by 2017-18, against which a capacity of 18,454.97 MW has recommended. against the Grid connected Renewable Power various target of 16,600 MW, the Ministry could achieve Wind/Solar been installed in the country (as on January 31, 2018). The only 11,303.70 MW. Similarly, for the year 2017-18, Energy Projects., Committee have observed that for the year 2017-18, against against the Grid connected Renewable Power target recommended. the target of 10,000 MW of Grid-connected Solar Power, the of 14,555 MW, the Ministry has achieved Ministry has been able to achieve only 6166.15 5602.65 MW till December, 2017 i.e. 8952.35 MW is MW (as on January 31, 2018) with utilization of Rs. 951.93 still left to be achieved in just three months. crore i.e. the achievement is about 40 % short of the target. (Para No. 1 and 2 of Part – II of the Report) (Para No. 10 of Part – II of the Report) Necessary The Committee have been informed that a lot of Formulation of a The Committee have noted that there is an installed Solar clarifications confusion is prevailing and considerable difficulties dedicated Manufacturing capacity of 3164 MW for Solar Cells and and are being programme to 8398 MW for Solar Modules. The Ministry has submitted experienced in the actual implementation of GST modifications support Solar that the domestic manufacturers are not competitive at regarding on Renewable Energy Sector. It was expected that Manufacturing present and they are not able to get enough orders to applicable rate the GST for all equipments utilized in Solar Projects of GST on would be 5 %. But, in the country, exploit their entire capacity. Renewable the Committee have found that GST rates for the recommended. (Para No. 13 of Part-II of the Report) Energy Sector Renewable Energy Sector differ from 5 % on Solar Mission mode The Committee have observed that for 2018-19, an alloca- and refund of Modules to 18 % on Inverters to 28 % on Batteries. work to get tion of Rs. 600 crore (BE) has been made for Green Energy input tax credit, There is also an issue of refund of input tax credit Corridor with a physical target of 3000 ckt-kms (cumulative). recommended. leading to higher working capital requirement. The ready the Green Committee are of the opinion that this prevailing Energy Corridor The Committee have felt that there is a mismatch between confusion regarding applicability of GST rate and within the the fund allocated and physical targets set, as for 2017-18, uncertainty over refund of input tax credit are not stipulated time, Rs. 500 crore were provided for installation of 350 ckt-kms of healthy for the Renewable Energy Sector. Such a recommended. transmission lines and for 2018-19, Rs. 600 crore have been situation will lead to increase in generation cost and allocated for installation of 1900 ckt-kms of transmission pose a threat to the viability of the ongoing projects, lines (target for 2018-19 is more than five times the target ultimately hampering the target achievement. for 2017-18 while corresponding budgetary increase is only (Para No. 4 of Part – II of the Report) one-fifth of Mission mode The Committee have observed that for 2018-19, previous year). It shows the unrealistic assessment of work to get an allocation of Rs. 600 crore (BE) has been made financial requirement and corresponding physical targets by ready the Green for Green Energy Corridor with a physical target of the Ministry. Further, the cumulative target of achieving 3000 Energy Corridor 3000 ckt-kms (cumulative). The Committee have felt ckt-kms of transmission lines by March 2019, leaves 5500 within the that there is a mismatch between the fund allocated ckt-kms of transmission lines to be installed during 2019-20, stipulated time, and physical targets set, as for 2017-18, Rs. 500 so as to get installed stipulated 8500 ckt-kms of Green recommended. crore were provided for installation of 350 ckt-kms Energy Corridor by March 2020. The Committee are highly of transmission lines and for 2018-19, Rs. 600 crore apprehensive about the target achievement with respect to have been allocated for installation of 1900 ckt-kms the Green Energy Corridor as the target seems unattainable of transmission lines (target for 2018-19 is more during the remaining period. than five times the target for 2017-18 while corre- (Para No. 5 of Part – II of the Report) sponding budgetary increase is only one-fifth of previous year). It shows the unrealistic assessment Exemption of The Committee have been informed that Custom Duty on of financial requirement and corresponding physical Solar Cells/ Solar Cells/Modules/Panels has been levied at the rate of targets Modules/Panels 7.5 %. Further, a Safeguard Duty to the tune of 70 % has by the Ministry. Further, the cumulative target of from Custom been recommended. The Committee have felt that because achieving 3000 ckt-kms of transmission lines by Duty/Safeguard of the imposition of Safeguard/Custom Duty, project develop- March 2019, leaves 5500 ckt-kms of transmission Duty, ers will suffer. Such a duty will result in steep rise in input lines to be installed during 2019-20, so as to get cost, thereby affecting the viability of existing projects and installed stipulated 8500 ckt-kms of Green Energy recommended. Corridor by March 2020. The Committee are highly dampening investors' sentiments. In the apprehensive about the target achievement with opinion of the Committee, there are no valid grounds to respect to the Green Energy Corridor as the target take such emergency measures which having the potential seems unattainable during the remaining period. to cripple the entire Solar Sector. (Para No. 5 of Part – II of the Report) (Para No. 14 of Part-II of the Report)

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IREDA & European In- vestment Bank sign Euro 150 million Loan Agreement for Renewable Energy Financing in India

More than 1 million Indian households to benefit from the new initiative EIB has extended Shri Anand Kumar, Secre- this line of credit without insisting for sover- tary, MNRE said that two fac- eign guarantee from Government of India tors- efficient technology and easy finance, are important for the success of renewable energy sector. He expressed uropean Investment Bank confidence that India will (EIB) and Indian Renewable exceed its target of 175 GW Energy Development Agency Speaking about India’s renewable energy by 2022. (IREDA) Ltd. have signed a loan agreement for a second fascinating journey to line of credit (LoC) of Euro electrify every single village, SHRI R K SINGH 150 million on non-sovereign Shri K S Popli, CMD, IREDA said, “There are villages E basis here, today. The line of said that the speed with which in Ladakh and Arunachal credit is for tenure of 15 years the second line of credit was ne- Pradesh where you track including a grace period of 3 gotiated shows the mutual con- on foot for three to four years, and it will be used for fidence and comfort that EIB days to reach. Our aim is financing Renewable Energy and IREDA had developed after and Energy Efficiency projects to bring electricity to even working with each other for in India. More than 1.1 million these remote places…. last 4 years. Moreover, the EIB households are expected to We have decided to benefit from clean energy go green, as we have a re- has extended this line of credit produced with these funds. sponsibility to future gen- without insisting for sovereign The loan agreement was erations and the planet.” guarantee from Government signed by Shri K S Popli, Highlighting the fact that of India, which also shows their Chairman and Managing renewable energy (RE) has commitment and confidence in Director, IREDA and Mr. W. now become economi- the sector, he added. Mr. W. Hoyer, Presi- Hoyer, President, EIB in the cally viable, he said that dent, EIB appreciated India’s role presence of Shri R K Singh, companies bidding for RE Union Minister of State (IC) in International Solar Alliance projects are getting funds Power and New & Renew- and its commitment to Paris from all over the world…. able Energy and Shri Anand climate deal. He said that with Today, many countries Kumar, Secretary, MNRE. much sunlight, solar energy is want us to share our expe- evidently a solution here. rience in this field.”

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ISA working for deployment of over 1000 GW of solar energy by 2030 The International Solar Alliance (ISA) is working for the deployment of over 1,000 GW of solar energy, and aims to mobilise more than USD 1,000 billion into solar energy by 2030, With objective to deepen cooperation in support of renewable energy, R.K. Singh said that ISA has the potential to have a huge impact on future of planet. “we are in a happy situation where n this regard, the ISA, African Development Bank (AfDb), Asian Development Bank (ADB), Asian Infrastructure renewable energy has become viable. Investment Bank (AIIB), Green Climate Fund (GCF), and Solar energy is the future,” he added. New Development Bank (NDB) on Saturday signed a joint financial partnership declaration, here. The Interna- The previous three partnerships were signed by ISA with tional Energy Agency (IEA) also signed a joint partnership the World Bank, the European Investment Bank and the declaration with the ISA. The agreements were signed in European Bank for Reconstruction and Development. I the presence of Union Finance Minister Arun Jaitley and Further, the International Renewable Energy Agency Minister of State (I/C) for Power and New and Renewable (IRENA) signed a joint partnership declaration on 11th Energy, R.K. Singh. March 2018.

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ISA-ADB, NDB, GCF, AfDB and AIIB joint declarations of Financial partnership ISA and IEA sign joint declarations of partnership. ISA- IRENA Also sign partnership declaration tomorrow ISA working for deployment of over 1000 GW of solar energy and mobilising more than US$ 1000 billion into solar energy by the year 2030

nternational Solar Alliance (ISA) and the Af- rican Development Bank (AfDb), the Asian Development Bank (ADB), the Asian Infra- structure Investment Bank (AIIB), the Green The African Development able energy, including solar. AIIB climate fund (GCF), and the New Develop- Bank’s New Deal on Energy for and ISA both have joined hands ment Bank (NDB) signed Joint financial Africa aims to achieve universal for promotion of Solar Energy in partnership Declarations. The International access to energy in Africa by 2025. prospective ISA member countries I Energy Agency (IEA) also signed a Joint AfDB’s transformative Desert to where AIIB operates. The Green partnership Declaration with the ISA. The Power initiative in the Sahel and Climate Fund’s Strategic Vision agreements were signed in the presence of Sahara regions of Africa envisages includes financing innovative Shri Arun Jaitley, Union Minister of Finance 10 GW of solar power generation projects and programmes, inter and Corporate Affairs and Shri R.K. Singh, and providing clean energy to alia supporting the application Minister of State (I/C) for Power and New 90 million people. Together with and dissemination of cutting-edge and Renewable Energy. the ISA, they would like to work climate technologies. Both ISA and The objective of the agreements is to on mobilization of concessional GCF promote the development of deepen their cooperation in support of financing through existing, notably affordable, reliable and sustain- Renewable Energy. The previous three part- the Bank’s Sustainable Energy able solar energy as an important nerships were signed by ISA with the World Fund for Africa and the Facility way towards a sustainable and Bank, the European Investment Bank and for Energy Inclusion. The Asian inclusive economic growth. the European Bank for Reconstruction and Development Bank promotes a The New Development Bank’s Development. The International Renew- vision of an Asia and Pacific region purpose is to mobilize resources able Energy Agency (IRENA) will sign a free of poverty. ADB’s energy for infrastructure and sustain- Joint Partnership Declaration on 11th March policy aims to help its developing able development projects in the 2018. member countries (DMCs) in Asia Federative Republic of Brazil, the ISA is working for deployment of over to provide reliable, adequate, and Russian Federation, the Republic 1000 GW of solar energy and mobilising affordable energy for an inclusive of India, the People’s Republic of more than US$ 1000 billion into solar en- growth in a socially, economically, China, and the Republic of South ergy by the year 2030. and environmentally sustainable Africa (BRICS) and other emerging way and provide USD 3 billion per market economies and develop- On the occasion the Union Minister year by 2020 for clean energy, ing countries. The International of State for Ministry of New and including solar energy projects in Energy Agency is an autonomous Renewable Energy Shri R.K. Singh its DMCs. agency within the framework of said that ISA has potential to have a ISA and ADB have joined hands the Organisation for Economic huge impact on future of planet. He for promotion of Solar Energy Co-operation and Development added that we are in a happy situ- in Asia and the Pacific, includ- (OECD), which works to ensure re- ation where renewable energy has ing solar power generation, solar liable, affordable and clean energy become viable. He highlighted that based mini-grids, and transmission for its 30 member countries and solar energy was the future. The systems dedicated for integrating beyond. The IEA has four main minister while highlighting that solar energy into the grids and any areas of focus: energy security, the effects of global warming were other future programs launched by economic development, environ- apparent with every successful ISA. The Asian Infrastructure In- mental awareness and engage- year also informed that ISA had 60 vestment Bank finalized an Energy ment worldwide. The IEA is at the signatories and 30 parties already Sector Strategy that emphasizes heart of global dialogue on energy, proactive support to client coun- providing authoritative statistics had ratified solar alliance. tries to develop intermittent renew- and analysis.

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From ISA’s side, Shri Upendra Tripa- thy, the Interim Director General ISA and on behalf of the African Development Bank (AfDB), Mr. Amadou Hott, Vice President for Power, Energy, Climate Change and Green Growth ; the Asian Development Bank (ADB), Mr. Bambang Susantono, Vice-President Knowledge Management and Sustainable Develop- ment, the Asian Infrastructure Investment Bank (AIIB), Dr. Joachim Von Amsberg, Vice President – Policy and Strategy, the Green climate fund (GCF), Mr Kilaparti Ramakrishna, Head of Strategic Planning & Director of External Affairs; the Presi- dent of New Development Bank (NDB), Mr. K. V. Kamath, the Director General of International Renewable Energy Agency, Mr Adnan Amin, Director of the Office for Energy Markets and Security of the International Energy Agency, Mr Keisuke Sadamori, signed the declarations. Dur- ing the signing ceremonyShri Subhash Garg, Secretary, Department of Econom- The International Renewable Energy Agency is a universal international ic Affairs, Ministry of Finance and Shri intergovernmental organisation that plays a leading role in the global energy Anand Kumar Secretary, Ministry of New transformation by supporting countries in achieving the increased adoption & Renewable Energy, were also present and sustainable use of all forms of renewable energy. on the occasion. Source: PIB

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Macron announces 700mn euros to solar-power at ISA

nnouncing an additional 700 million Macron along with Prime euros investment for solar-energy, Minster Narendra Modi co- French President Emmanuel hosted the first ISA summit at Macron, at the first International the Rashtrapati Bhawan, in Solar Alliance (ISA) summit here on the presence of the heads of Sunday, called for “joint duties” for a 23 nations and 10 ministerial A “planet that has to be shared”. representatives.

“The French Development Agency will allocate Backed and additional 700 million euros to its commitment conceptualised to solar energy by 2022,” the French president by India, the ISA Emmanuel Macron said at the summit, that currently has aims at deployment of over 1,000 GW of solar 121 prospective energy and would mobilize more than USD member countries 1,000 billion into solar energy by and territories. 2030. This, Macron said, takes It was launched France’s total commitment to jointly by Modi 1,000 million euros. “In 2015, we and former French said we will allocate some 300 President Fran- million Euros to support proj- cois Hollande ects in the member coun- at the landmark tries, these commitment by 2015-Paris Climate the France was met couple Agreement. of months ago,” he said.

Of the 121 member nations of ISA, 60 have signed the treaty and “But in order to reach 1000 billion about 30 nations have ratified it. Speaking at the summit, Macron said USD by 2030, to reach One TW that while some (the US) decided just to leave the Paris Agreement, others decided to act because they wish good for their children and (1,000 GW) solar energy, we need private investors.{ The alliance will grand children. “All of us her have experienced global warming, some of you provide favorable framework,” he here have lost your territories, economy and life of citizens, “We said, adding that expensive existing should not forget that we only have one planet and we are shar- guarantee mechanism, that assures ing it and for that there is no alternatives. There is a joint destiny private investors, are being reviewed which means we also have some joint duties. “Without concept by France, India, World Bank and of climate justice there would had been no Paris Agreement… We would have blamed each other and we would go nowhere,” other member states. he added.The French President pointed out that while the countries The French President also stressed between two tropics account for three-fourth of the world’s population on the affordable low cost solar solu- with potential of 138 GW of solar power in next five years, however tions, adding “alliance should be a only 50 to 60 per cent people have access to electricity. Macron said it place where technology can meet the was needed to identify the projects in every single country. expectations of people and country”. “Each country with its solar energy potential will identify here He further lauded India for its solar there needs and how much finance they need. A 100 projects mission.India, with 20 GW installed have already being listed here by 36 member countries,” he solar capacity has one of the fastest said, further calling the member states to invest, adding, “these growing solar mission in world, about projects are very profitable”. Under ISA, 100 centre for excel- eight times increased over past four lence across the alliance members will train 10,000 technicians years. India’s wind power generation to achieve the targets. capacity is 32.8 GW. India aims at He said that ISA shall help small enterprises in the small countries achieving 175 GW of clean energy by to help them mobilize all the projects and that emergent need is to 2022, of which 100GW is solar. mobilize the available finance. Source: IANS

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ISA formally launched, PM Modi announces Solar Tech Mission The founding conference of the International Solar Alliance (ISA) got under way here in a grand manner. osted jointly by visiting French President Em- manuel Macron and Prime Minister Narendra Modi, the meet is drawing a common strategy to deal with threats of climate change. SpeakingH on the occasion, PM Modi announced launching of a Solar Technol- ogy Mission in India. The Mission will address all issues related In his speech, French President At the plenary session, Paul to research and development on solar en- Macron said while the world has Kagame, President of Rawanda, ergy matters, he said. Mr Modi also shared taken great strides in understand- stressed on the need of public pri- his 10 points of action to deal with the threat ing the importance of solar energy vate partnership in the endeavours of climate change vis-a-vis making solar energy a true catalyst for the future roadmap. but – “We have do much,” he said. to promote solar energy.

‘I Want a Worldwide Solar Revolution’: Modi at Solar Alliance Meet he first International Solar Alliance (ISA) Summit began on Sunday, 11 March, and witnessed as many as 23 nations in attendance, including France, Australia and Sri Lanka. Apart from French President Emmanuel Macron, Prime Minister Narendra Modi also met with leaders of Australia, Sri Lanka, Bangladesh, Somalia, T Burkina Faso, UAE, and Rwanda, among other countries. • PM Narendra Modi held bilateral talks with international leaders on the sidelines of the ISA Summit in New Delhi on Sunday, 11 March • PM Modi, in his address at the International Solar Alliance Summit, outlined a 10-point action plan to bring about a “worldwide solar revolution” • French President Emmanuel Macron lauded India for showing the world the way to scale up solar power generation capacity • Representatives from as many as 23 nations attended the International Solar Alliance Summit • The summit focused on various aspects of promoting solar energy in 121 countries that are part of the ISA Source: UNI

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$1 trillion needed to achieve 1 terawatt solar power capacity by 2030: Emmanuel Macron

To achieve the target of 1TW solar power capacity by 2030, Emmanuel Macron “To that effect, it is not enough to look at what govern- said there are financing and regulation hurdles that need to be cleared by ments are doing. We need a new international deal with government, private sector and civil society coming together the private sector, the international public sector and the civil society as well. It is common good and it is for the development of all countries, he said. The French president said three primary things need to be done. Firstly, identify solar energy potential in each country, their projects and financing requirement. Secondly, mobilise available finance and thirdly to provide a favourable framework. French President Emmanuel Macron said ISA, he said, will bring member nations financing as well $1 trillion will be needed to achieve one as share expertise between them. On financing, he said, terawatt (TW) of solar power capacity by the French Development Agency will allocate 700 million 2030. Speaking alongside Prime Minister Narendra Modi at the founding conference euros in additional spending to its commitment to solar of the International Solar Alliance (ISA), energy by 2022, taking the total commitment to 1 billion he said there are financing and regulation euros. “But in order to reach the $1,000 billion by 2030, to hurdles for achieving the target which need reach the 1TW of solar energy, we need private investors,” to be cleared by government, private sector he said, adding that the alliance will provide a favourable and civil society coming together. framework. Without any names, he referred to countries quitting the “It means that we will improve the regulations, the terms historic Paris Climate agree- in order to support investments in renewable. It is also ment and said ISA nations about improving public procurement and to provide effi- came together to “deliver cient policies,” he said, urging nations to facilitate purchase complete results”. and supply of electricity generated from solar energy. Stat- ing that existing guarantees need to be reviewed, he said, “We need appropriate guarantee tools. The existing ones are too expensive and do not cover all of the risks”. blique reference was to US President Don- ald Trump’s decision to pull out of the Par- is climate agreement, which was signed Lauding India for showing the world the way in scaling by nearly 200 countries in December 2015 up solar power generation capacity, he said, renewable in an effort to curb global greenhouse gas capacity has within two years gone up from 39 gigawatt emission and limit global warming to within to 63 GW, while that of solar energy has soared by 140%. 2 degrees Celsius. In November last year, “India proves that it is possible. What you are in the pro- Syria signed the deal, leaving the US as cess of succeeding in doing is being watched by the entire O the only country in the world not to support world,” he said. the framework deal to combat greenhouse “You are attracting investment, you are supporting them, gas emissions. you are training young people and so this is what we shall “They (ISA member nations) started be doing. This is what 121 countries of the alliance in Asia, to act and to deliver complete results. Africa, Latin America shall be doing.” Later he tweeted: They didn’t wait, they didn’t stop be- “We make Delhi this weekend the world capital of the cause few countries decided to just leave sun. Through our presence, we seal an alliance to make the floor and the Paris agreement,” he the energy of the sun accessible to everyone”. “Countries said.“Because they decided it was good with the most solar potential are often the most in need for them, their children and grandchildren of energy, but only a small share of electricity generation. and they decided to act and keep acting.” With ISA Summit, we bring capabilities closer to needs,” Macron said countries represented at he said in a tweet. ISA represent three-fourths of the world population. As much as 20-50% of the Seven months ago, when Modi came to Paris, all was population do not have access to power, he said. The joint goal is to have 1 TW of done to make ISA Summit, which was an agreement in solar energy by 2020 for which “we need principle, a reality. “It’s done today.” “We did not come from $1,000 billion,”. all continents to deliver additional speeches that will soon “We know the hurdles… (there) are be forgotten. We came to ask the topics on the table and financial hurdles, regulations, capacity give access to solar energy in the world,” he added. hurdles as well. We shall therefore lift every single one of them,”.

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Record EUR 1 billion European Investment Bank support for global solar investment confirmed ahead of International Solar Alliance summit

argest ever back- India leading focus of EIB backed solar investment Ling for solar investment by world’s outside Europe largest international India was the leading recipient of EIB financing for solar invest- public bank ment outside the European Union, both in 2017 and overall since ndia leading coun- 2013. The EIB has approved a try for EIB solar total of EUR 640 million of new I investment in solar projects in India investment set to provide clean energy to an estimated 4.2 million households trengthened and save more than 4 million tons Sengagement for of carbon emissions. solar energy in devel- “The European Union and India oping and emerging “Solar power is providing are committed to implementing the Paris Climate agreement economies expected clean energy for millions of peo- and working together to achieve ple around the world and solar Sustainable Development Goals, energy now represents the sin- including ensuring access to afford- n 2017 the European able, reliable, sustainable and mod- Investment Bank pro- gle largest source of new power generation. The fate of this ern energy for all. As the European vided EUR 1.05 billion Union’s bank, the EIB has a strong of new financing for planet depends on continuing track record of supporting trans- solar energy projects to expand the use of renewable formational investment in India around the world, rep- energy to support sustainable and working with Indian partners resenting the largest economic growth. This can be to enhance solar investment across I ever annual support achieved through improved ac- this country to benefit millions of by the EIB to the solar Indian households.” said H.E. Mr. sector. cess to energy alongside scaling Tomasz Kozlowski, Ambassador of Ahead of the up a viable alternative to fossil the European Union. Founding Conference fuels. The European Investment of the International Bank – the EU bank – welcomes President Werner Hoyer did Solar Alliance in New the vision of the International lead a high-level European Invest- Delhi the European Solar Alliance to ensure those ment Bank Delegation to attend the Investment Bank also countries most vulnerable to International Solar Alliance summit, confirmed strength- taking place in New Delhi this ened engagement climate change can harness the week. During the visit the EIB con- to support significant proven potential of solar power,” firmed significant new support for expansion of solar said Werner Hoyer, President EUR 500 million of new renewable energy in developing of the European Investment energy investment across India in and emerging econo- Bank. partnership with the Indian Renew- mies. able Energy Development Agency.

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Strengthened EIB financing for solar investment in developing and emerging economies

The European Investment Bank is committed to increasing support for climate related investment, including renewable energy, in developing and emerging economies to represent 35% of overall financing activity.

“More than a trillion dollars of new solar investment will be required by 2030 to deploy affordable solar energy. The European Investment Bank has a unique technical and financing experience of supporting solar projects around the world, enabling new research to further reduce deployment costs and mobilising renewable energy investment. The International Global support for solar investment to address local Solar Alliance welcomed President Hoyer energy priorities and his colleagues to New Delhi to discuss New EIB financing for solar investment in 2017 included backing for new strengthened cooperation in the years projects in India, Mexico and Peru, as well as 13 European Union countries. ahead.” said H.E. Upendra Tripathy, Interim Since 2002 the EIB has financed more than EUR 6.35 billion of new solar Director General of the International Solar energy investment and 50% of solar investment financed by the EIB in the Alliance. last 7 years is located in developing and emerging economies. Reflecting the global solar engagement in recent years the EIB has financed photovoltaic During the International Solar Alliance and concentrated solar power projects across Africa in Morocco, South Africa summit the EIB outlined the key role of and Burkina Faso, in Latin America in Nicaragua and Peru, in Asia in India and solar energy investment across a range of Vietnam as well as Turkey and Israel. This has enabled significant expansion technologies to reduce carbon emissions of access to energy using clean power production and contributed to improved and increase access to clean energy. economic activity and social benefits. In the coming weeks the EIB is expected to confirm significant financing for off-grid solar projects across Africa.

Source: eib.org

34 EQ April 2018 www.EQMagPro.com achievements

Commenting on the launch of the facility, Suresh UL Consolidates North India Op- Sugavanam, Vice President and Managing Director of UL, South Asia said, “UL’s growth in India is a reflection of the changing policy landscape of the country, one which erations with 80,000-sq. ft. ‘Cen- has seen definite progress in improving quality and safety standards to match those of mature economies around the tre of Excellence’ in Gurugram world. Given the impact of “Make in India”, it is encouraging that the manufacturing BENGALURU/ GURUGRAM — UL, an independent, global safety science company, communities are recognizing the impor- inaugurated an 80,000-sq.ft. laboratory in Gurugram to enhance access for their tance of establishing the safety and quality existing and potential customers in the North and East India markets. standards for the domestic market as well, rather than just focusing on the exports. his cutting-edge facility is UL’s second ‘Centre of Excel- With this Centre of Excellence, we aim to lence’ in India after Bengaluru and is in line with the bring all the testing portfolios under one company’s ambitious ‘In India, for India’ strategy to sup- roof to offer easy access to our customers port domestic manufacturers’ need to meet regulatory that will help reduce the turnaround time. It compliance to access the domestic and global markets. will also give us an opportunity to increase he investment is aimed to facilitate the country’s growth our footprint in the region expand further in drivers of rapid urbanization and domestic manufactur- newer areas of testing.” ing. While India’s LED and energy efficiency programs Validated by advanced equipment like goniophotom- Thave won international recognition, there is increasing thrust for the smart eter, integrating sphere, life test racks and environmental cities mission. Greater impetus for manufacturing with economic recovery chambers, customers in the LED lighting industry can now and structural reforms is boosting the prospects of sectors like textiles, toys obtain complete testing for all lighting products, including and consumer goods. The simultaneous policy initiatives to strengthen the safety, photometry and life cycle testing. For the white goods domestic standards ecosystem has led to an increased demand for testing market, the Gurugram facility is capable of evaluating per- facilities that can match global standards. Replete with the latest and best formance and safety parameters through extensive testing in class equipment and talent, the Gurugram Centre of Excellence offers including refrigeration chambers, psychrometric testing and customers in north and east India easy approach to UL’s renowned third- ingress protection. To support the textiles, softlines and toy industries in the region, UL’s suite of services span analyti- party end-to-end testing, inspection and certification services to accelerate cal, physical, mechanical, electric and electronics testing. time-to-market. Customers will also benefit from bespoke solutions on mul- UL’s Gurugram laboratory was also the first to be accredited tiple product portfolios at one location. UL’s Gurugram laboratory integrates by the National Accreditation Board for Testing and Calibra- and expands HVAC/R and lighting businesses with the existing operations tion Laboratories (NABL) to test under the new IS 9873 in Gurugram for consumer and retail services. standards for toys.

www.EQMagPro.com EQ April 2018 35 achievements

Hartek Power makes a mark in solar grid connectivity, achieves 1-GW milestone Hartek Power connects 545-MW solar projects to grid in six states in current financial year. From 598 MW in March 2017 to 1,143 MW now, Hartek Power registers phenomenal growth of 91.1 per cent in its solar grid EPC business in 10 months. Chandigarh: The power systems EPC portfolio of Hartek Power Pvt Ltd, one of India’s fastest growing Engineer- ing, Procurement and Construction (EPC) companies, has surpassed 1 GW in solar power projects with the commissioning of 545-MW projects spread across six states.

ashing in on India’s solar overdrive to match its growth with that of the industry, Describing Hartek Power as an old Hartek Power has registered a phenom- and valued partner known for its enal growth of 91.1 per cent in its power high quality standards and reliability, systems EPC business catering to solar Preet Sandhu, Co-Founder and Executive plants in a span of just 10 months. From just 598 MW, as on March 31, 2017, the Vice-President, Infra, Azure Power, which solar power system EPC projects ex- has been associated with Hartek Power C in executing substations for solar power ecuted by Hartek Power have now gone up to 1,143 MW, registering nearly a twofold growth. projects for the past eight years, said, “Hartek Involving 15 substations of up to 220 KV, the 545- Power’s high-quality alternating current (AC) work MW projects executed by Hartek Power in the current and power evacuation has strengthened our execution capabilities. financial year include a 100-MW project in Nagarkurnool We are pleased to have them as a valuable partner in our growth district of Telangana, a 50-MW project in Ashoknagar story, and congratulate them on achieving this milestone.” district of Madhya Pradesh, a 25-MW project in Sangrur district of Punjab, six projects totalling 180 MW in Bel- A pan-India company with presence in 18 states which lary, Tumkur and Davanagere districts of Karnataka, two ventured into the solar power systems domain just six projects of 140 MW in Badhla district of Rajasthan and years ago, Hartek Power is focusing on South India and four projects of 50 MW in Banda, Hamirpur, Kushinagar new geographies like Jharkhand and Bihar to consoli- and Hardoi districts of Uttar Pradesh. With other 285-MW date its position. “At the same time, we are strengthen- projects under execution, Hartek Power is expected to ing our hold in states like Punjab, Rajasthan and Uttar reach the 1.5-GW mark by the end of the current finan- Pradesh where we have traditionally been doing well,” cial year. The scope of work of these projects included said the Hartek Group CMD. complete turnkey solutions of post-inverter works covering the design, engineering, supply, installation, automation and commissioning of the power plant electrification. As a backward integration strategy, the Hartek Group also has its own manufacturing division, which makes power distribution products catering to its own projects and to the requirements of Hailing the achievement, industries, utilities and independent power producers, like medium- Hartek Group Chairman voltage switchboard panels, control relay panels and low-voltage and Managing Director panels. The economies of scale of this manufacturing business (CMD) Hartek Singh said, “The have been immense for Hartek Power and its EPC portfolio with power systems business unit appreciable improvement in supply chain and considerable reduc- of the Hartek Group has done tion in costs. incredibly well. We owe our suc- Hartek Power is part of the billion-INR Hartek Group, which con- cess to our unflinching commitment tributes significantly towards the entire power sector value chain to quality and timely execution of projects. through its diversified portfolio covering Power Systems, Rooftop We have won the trust of key developers by creating im- Solar, Power Distribution Products, Fuel Services, Smart Cities mense value for them in terms of unmatched expertise and Value Added Services. India’s installed solar generation capacity has gone up by more than 30 times from 0.5 GW to 17 GW and services. These are the factors that have enabled us in less than seven years, offering huge opportunities for growth to to emerge as one of the fastest growing EPC companies firms like Hartek Power. in the Indian solar space.” Source: adfactorspr

36 EQ April 2018 www.EQMagPro.com achievements

Waaree Energies awarded Kor Energy bags ET Now’s ‘Solar Module Company Gre-en Future Leadership of the year’ at CSR Leader- award for best rooftop so- ship Awards lar EPC company

Mumbai: Waaree Energies Ltd. was recently conferred the ‘Solar New Delhi [India]: Kor Energy (India) Pvt. Ltd., a Noida based Rooftop Solar Module Company of the year’ award at CSR Leadership Awards, held EPC Company has been honoured with ‘Best Rooftop Solar EPC Company in Mumbai on February 18, 2018, in recognition of the company’s award’ 2018. outstanding work in 2017. he award was a part of ‘ET Now Rise with India’, a Solar Leadership Award. The Award was sponsored by ET Now, part of Times Group. The award was presented to Ms. Priyanka Mohan, Director- Kor Energy India T Pvt. Ltd. at a function held in Mumbai.

“We are honoured to have received this award. This award is recognition to our commitment for promotion of green energy by utilizing rooftops of residential, commercial and industrial buildings across India. We always give best in technology at reasonable price to our cus- ith an ever present focus on market-facing innovations, it tomers so that they can achieve brings together state-of-the-art best return on investment, technology and operational excel- which they had made in their lence to make solar affordable Rooftop Solar Installations.”, Ms. and accessible. Waaree has a Priyanka Mohan, Director- Kor constant presence on the TIER 1 Energy India Pvt. Ltd. WModule Manufacturers List. To continue the stellar work and to fulfil its vision to provide high quality and cost effective sustainable energy solutions across all markets, Waaree has developed over In its endeavor to contribute to their ‘Make in India’ commit- 200 Channel partners and plans to expand the number to ment, Kor Energy focuses upon technological superior prod- 1000 partners by the end of 2018. As it continues to seek ucts and best practices in design, engineering, installation, new developments in the field of solar, the company has operations and maintenance of plants so as to give maximum now ventured into Floating Solar Technology – FloatON, returns to their customers over a longer period of time. and has pioneered technologies like MERLIN, 5BB, Bifa- Kor Energy has recently bagged orders from four companies cial, AC Module 1500V & Explosion Proof Solar Module, for 2.8 MWp rooftop solar plants in the industrial area of Uttar in India. Pradesh. The Company has also successfully installed a Grid Apart from supplying more than 400 MW of modules in Connected Rooftop Solar Systems at three cold storages in 2017, Waaree also executed more than 50 MW of solar Haryana. EPC projects and supplied 3000 tonnes of module mount- Kor Energy has done installations across residences, ing structures and more than 2000 solar pumps. The year school, colleges, religious trusts, cold chains and industries in also saw Waaree execute some marquee projects like the Delhi, Uttar Pradesh, Haryana, Madhya Pradesh and Rajast- solarisation of 12 railways stations for Mumbai Metro. han.

www.EQMagPro.com EQ April 2018 37 ELECTRIC VEHICLES

ABB installs electric vehicle fast charger Exicom installs first station at NITI electric vehicle charg- Aayog Demonstrating its commitment to clean energy and sustainable transportation, the ing station at UN office The unveiling ceremony was led by Union Minister for Environ- Indian govt premier policy think tank has installed an ABB Terra 53 fast charging ment, Forest and Climate Change, Dr. Harsh Vardhan, Minister of station for EV at the organization’s office in the heart of New Delhi. Culture, Dr. Mahesh Sharma, the UN Executive Director, Mr. Erik he installation by ABB, a global leader in electric vehicle Solheim, Secretary, MoEF&CC, Shri C.K Mishra, charging, supports recent proposals by the Ministry of Highways and Transportation and NITI Aayog, which eb 19, 2018: Exicom installed the first include a pilot project in electric vehicle (EV) charging electric vehicle charging station at United infrastructure in New Delhi, India’s capital. This shows Nation office in Lodhi Estate. It is part of a way forward for other EV aspirational states around the plan to develop EV charging points the country. The unveiling ceremony was led by Shri across the country. Exicom EV AC Char- NitinT Gadkari, Indian Minister for Highways and Transportation at the ger supports BEVC-AC001 specifications. NITI Aayog’s premises in the presence of Shri Amitabh Kant, CEO It is designed with 3 sockets to charge up NITI Aayog and other dignitaries. NITI – the National Institute for Fto 15A per socket (or 3.3KW). It is suitable for installa- Transforming India – is working to implement the United Nation’s tion at wide range of places including parking, service sustainable development goals, which include clean, affordable stations, commercial and residential through pedestal energy and smart, sustainable cities. Led by the Ministry of Trans- mount/wall mount or pole mount. portation and Highways, NITI Aayog is spearheading the electric mobility vision framework in the country. Union Minister for Environment, Forest Also, Kant laid out the vision of transitioning to eletric mobility across and Climate Change, Dr. Harsh Vardhan segments with the commitment of converting NITI Aayog vehicles to said that Indians have learnt living in harmony with nature from the ancestors. electric ones in subsequent months. ABB’s 50kW fast charging station He emphasized that for India, environ- can provide a full charge to an electric vehicle in only 30 minutes. mental issues are not merely technical issues, but real moral issues and a move- “We will continue to deploy and leverage the next ment for the future generations. level of global, open standard technology to provide the best-in-class reliable and cost effective EV charg- Addressing the gathering, Mr. Erik ing experience for Indian citizens living in smart cities. Solheim noted the manner in which the We believe that smart cities are made of smart ele- Prime Minister, Shri Narendra Modi and ments and ABB EV Charging technology is one such the Environment Minister, Dr. Harsh important element,” he added. Vardhan have altered the nature of dialogue on environment in the country. As a global leader in EV fast-charging solutions, ABB has more than 6,000 units installed across more than 55 countries. The Terra Speaking on the occasion, Secre- 53 is based on international charging standards for EVs. The charger tary, MoEF & CC, Shri C.K Mishra converts alternating current (AC) from the grid to the direct current underlined that the effort is to (DC) used by EV batteries. But it can also work with EVs that use AC hand over a much better world to charging. The station’s robust hardware and compliance with global the future generations. electromagnetic compatibility (EMC) testing standards ensures safe operation in all-weather conditions. Anant Nahata, Managing Director The Terra 53 can take advantage of the ABB Ability™ Connected of Exicom said, “We are very happy Services digital networking suite portfolio to link the charging station to take part in the EV movement. to payment platforms and smart grid systems. The cloud-based ABB We heartily support government’s Ability connection also makes possible smart trip planning for travel- commitment to develop an effective charging infrastructure for creating an ers by indicating where the next recharge stop will be. ABB Ability™, enabling ecosystem for EVs to operate which is based on Microsoft’s Azure cloud computing platform, can smoothly. Our solutions are capable also enable the operator to perform several key functions, including to deliver the performance needed for remote monitoring and configuring; resolution of driver issues; servic- anxiety free transport at the lowest cost while also ing of equipment with minimal downtime; and the flexibility to connect helping to solve many problems like reducing to any charging network, back-office, payment or energy manage- pollution and oil import.” ment solution.

38 EQ April 2018 www.EQMagPro.com ELECTRIC VEHICLES

Delta Electronics India launches Elec- tric Vehicle charging solutions to support the Govern- ment’s 2030 EV vision Delta Electronics India launches Electric Vehicle charging solutions to support the Government’s 2030 EV vision, Introduces innovative solutions at Elecrama 2018 to strengthen the electric vehicle ecosystem in the country The manufacturing plant in Krishnagiri, Tamil Nadu, will be operational in 2019 and is expected to generate employment for Launches fourth multi-million dollar manu- thousands in the state. Along with its state-of-the-art R&D Centre facturing plant in the country in Bengaluru, Delta is looking at investments of over a US$150 n support of the government’s electric million in India. The EV charging solutions launched by Delta will mobility drive, Delta Electronics India also be manufactured at this plant. Pvt. Ltd., a leading Power and Energy “Driven by robust product engineering, R&D, service support management company, launched its infrastructure and most importantly domain knowledge, Delta complete range of energy efficient in India has been successful in growing 35 times over in the electric vehicle (EV) charging solutions past 14 years. Our India growth trajectory has been a resilient in India. The advanced EV charging legacy of accomplishments in Telecom Power, Industrial Auto- I solution offerings from Delta will enable mation, Solar Inverters, Display Solutions, to name a few. We the ecosystem to keep pace with the have now embarked on the journey to expand upon these core growing demands for a robust electric values and entering the EV Charging, Energy Storage and Rail automobile infrastructure. Exhibited at Transportation Solutions industries. Our entire suite of solutions Elecrama 2018, Delta showcased its in EV Charging will complement the Indian e-mobility initiative diverse portfolio of EV solutions with providing a reliable technology and backing of the Delta brand.” DC Quick, AC Chargers and Site Man- said Dalip Sharma, Managing Director of Delta Electronics India agement System. These chargers can Pvt. Ltd. be conveniently installed in multiple applications such as parking spaces, highway service, as well as residential Speaking on the occasion, Herman and commercial buildings. Chang, General Manager, Energy Infra- structure Solutions BG Delta Electronics, said, “The absence of a reliable infra- Hsieh Shen-Yen, President of Delta structure for charging electric vehicles, is Electronics (Thailand) PCL. said, perhaps the biggest roadblock impeding “The business climate in India offers the rise of EV adoption in India. With Delta exciting opportunities to part- our new range of electric vehicle charg- ner with the government to power ing solutions, we intend to support the India’s growing economy. In line with our vision to be a strong cata- GOI’s mission to drive electric mobility. lyst and partner in India’s growth Delta’s solution also encompasses smooth story, we are also announcing our integration of micro-grids with EV charg- fourth manufacturing plant in the ing providing a future-proof roadmap country . This is testimony to our for a homogenized ecosystem of power commitment to the “Make In India” initiative. Delta’s goal is to develop prosumers.” sustainable and energy efficient integrated solution offerings in India, for India, that will offer immense Delta also showcased its Energy Storage Solutions, employment opportunities across Renewable Energy Solutions, Telecom Network Energy Solu- the geography.” Delta Electronics tions, Industrial Automation Solutions, Display & Monitoring (Thailand) PCL. is the parent com- Solutions, Building Automation Solutions and UPS & Datacen- pany of Delta Electronics India. ter Infrastructure Solutions at the Elecrama 2018.

www.EQMagPro.com EQ April 2018 39 budget 2018-19

IMPACT OF FINANCE BUDGET 2018 An Overview For Indian Renew- able Energy Sector

he last full-fledged Union Budget before the Lok Sabha Election 2019, has been tabled by our Hon’ble Finance Minister , on 1st of February, 2018. In the budget several initiatives are planned to boost up the rural infrastruc- Tture, why may have the a positive impact on Renewable Energy Segment. The KUSUM Scheme would expect to provide an addition to the income of the farmers. The directive to the State Discoms to buy Solar Power from the farmers, has been sewed in such a way so that the farmers Author : would find an additional source of income by installing solar pumps. This is undoubtedly a very commendable Soumyen Mukher jee initiative which will spruce up the rural infrastructure cum President; Sova Solar Ltd. economy of India as well as will make a market for small integrators. According to Shri Jaitley,” The Government will take necessary measures and encourage State Gov- ernment to Put in place a mechanism that their surplus solar power is purchased by the distribution companies or licensees at reasonably remunerative rates.” He also added the Income Tax for Micro Small and Medium Enterprise(MSME) companies with annual revenues upto Rs. 5 billion has been reduced to 25 percent. It is expected that this initiative would benefit smaller renewable companies in many folds.

40 EQ April 2018 www.EQMagPro.com budget 2018-19

he industry was pretty he accelerated depreciation Another major point is elimina- hopeful for some incentives has been reinstated to the tion of import duty on Solar Tem- or subsidies but in his last Ttune of 80% to small domestic pered Glass. Manufacturing of Solar T investors with project size less than Modules will become relatively less budget before the Loksabha Elec- tion, 2019, Shri Jaitley did take a 25Mw till FY2022. This is another ini- costly. This will curve the difference path way around. He has initiated tiative that would boost the mood of between the cost of Chinese Modules the path of abolition of import the Renewable Energy Market. The and Indian Modules. By this way the duty on solar glass which will help Finance Minister took this initiative market base of domestic module Indian Solar Module Manufactur- to make the target of 175Gw by 2022, manufacturers will be much more ers. The Income Tax rate (Section more feasible. This will also benefit wide and stable. 44AD) reduction will encourage the Central Public Sector Enterprises Two most important issues that companies under MSME which (CPSEs). It will give huge impetus to have been covered in this budget, to will ultimately strengthen the the Government’s ‘MAKE IN INDIA’ encourage the Renewable Energy base part of the market. The motion. Another move which has Sector of our country are GOBAR Budget has announced measures been introduced to spruce up the Re- DHAN and SAUBHAGYA YOJONA. to facilitate the access to bond newable Eneary Sector, is to provide These two scheme will push the market for meeting 25 percent Performance Based Incentive (PBI)to hope high for the total RE Sector. of debt needs by large corporate state DISCOMS @ 50 paise/kWh. This Further the commitment/focus of the which will allow the entities incentive will begiven to DISCOMS Government of India to provide ‘24x7 in power and renewables to for procuring RE based of FiT for Clean and Affordable Power for All’ diversify the funding sources at small Project upto 25Mw. has been taken care of appreciably. a cost competitive rate, given the large financial requirement. That means the budget has not only concentrated to encourage the MSME or farmers only it has also In the words of our focused and proposed to encour- Hon’ble Minister of age the large-scale companies or New and Renewable entities also. The budget has also Energy, Shri R.K.Singh, proposed an allocation of alloca- the Union Budget 2018 tion of Rs.4200 towards the fund requirements for the augmenta- is path breaking in tion of capacity in the wind power, many way. Only a few solar power and green energy issues like Anti Dump- corridor. The part funding for ing /Safeguard Duty Green Energy Corridor is very criti- remain undecided in cal for strengthening of network this Union Budget. By for evacuation of green energy in Renewable Energy rich states. the time this write up will be published the decision may have been finalized. No body knows whether this enquiry might be Import withdrawn. Hope for Duty On the best. Solar Glass

www.EQMagPro.com EQ April 2018 41 Business & finance

ResponsAbility and Clean- tech Solar join forces to increase momentum of rooftop solar energy adoption in South-East Asia and India Zurich and Singapore — A responsAbility-managed climate fund and Singapore-based solar energy provider Cleantech Solar have signed an agreement for a USD 20m long-term corporate loan to finance new pan-Asia rooftop solar power plants.

ounded in 2014, Cleantech Solar is the leading pan-Asia solar energy provider to commercial and industrial (C&I) customers with a portfolio of more than 50 MWp and 65 sites in India and South-East Asia. Cleantech Solar offers solar-as-a-service solutions by financing, installing, operating F and maintaining rooftop solar power plants to corporates. Sustainability has become a key priority for leaders in the corporate sector and onsite solar has become grid-competitive in most countries in the region. These factors further accelerate the transition from conventional to renewable energy. The responsAbility-managed climate fund and Cleantech Solar are joining forces to help pan-Asian companies tackle soaring energy costs and in parallel implement sustainable business practices through the adoption of solar energy.

Cleantech Solar Co-Founder and Speaking on behalf of responsAbil- Executive Chairman Raju Shukla ity, Sameer Tirkar, Senior Investment underlined: “We are helping cor- Officer – Energy Debt Financing, porates attain their goal of being highlighted: “Distributed solar and sustainable and responsible leaders especially roof-top solar is one of the key focus areas for and hedge against volatile power prices. This is what our energy financing activities. We believe that Cleantech makes our rooftop solar systems such a compelling Solar, with its strong management team, pan-regional business case. The long-term funding from the fund presence and strong execution track record is an ideal will enable us to scale up our operation and drive partner for us to scale up our involvement in the distrib- solar electricity adoption in the region.” uted solar space in the region.” Source: cleantechsolar Ujaas Energy slips 9 per cent on weak Q3FY18 numbers Ujaas Energy reported lso decline in sales from solar power was partly due to sharp decline in other results for the quarter. plant operation by 28 per cent contrib- income from Rs. 1.09 crore to Rs. 0.69 The company’s standalone uted to the deterioration in revenue. crore in Q3FY18. Ujaas Energy Limited, EBITDA for the quarter fell by 39.3 per revenue for the quarter formerly M&B Switchgears Limited, is cent yoy to Rs. 9.73 crore with a cor- came in at Rs. 75.44 crore, engaged in solar power plant operation responding margin contraction of 309 registering 24.7 per cent yoy business, and manufacturing and sale bps. EBITDA margin for the quarter decline. This was primarily of solar power system. stood at 12.9 per cent. This margin driven by sharp decline in The stock opened at Rs. 21.80, down A contraction was led by 13 per cent jump revenue from manufactur- by almost 9 per cent from its previous in employee benefit expenses. The ing and sale of solar power closing of Rs. 23.95 and touched an PAT for the quarter came in at Rs. 3.96 systems by 28.4 per cent. intra-day low of Rs. 21.75, on the BSE. crore, yoy decline of 54 per cent. This Source: dsij.in

42 EQ April 2018 www.EQMagPro.com Business & finance

SBI-UK DFID invest in India’s This is Neev fund’s fourth investment, SunSource Energy and Varsha Purandare, MD, and CEO NEW DELHI: India’s largest public sector lender State Bank of IndiaBSE of SBICAPS said, “Neev Fund has -2.55 % (SBI) has invested an undisclosed amount from its Neev Fund been a highly successful partnership in Indian solar player SunSource Energy, for developing solar project between SBI and the DFID of UK, assets in states with low levels of capital investment, the company said in a statement having made a meaningful impact in India’s low-income states and a model fund for future unSource Energy, a solar project developer funds by SBI/SBICAPS.” and EPC services provider, currently has 200 MWs of solar projects in India and abroad. The The funding will help SunSource develop projects in Ut- company targets to reach 1.5 GW of capacity by tar Pradesh, Rajasthan, Madhya Pradesh, Bihar, Orissa, 2025, the statement said. Jharkhand, West Bengal and Chhatisgarh, outside of their Founded in 2010, the company’s turnover has operations in other cities. been rising at a compounded growth rate of S nearly 200 percent year-on-year. “Collaborations like these help “Our focus on environmentally sus- SunSource reduce our clients’ costs tainable solar energy solutions is fully and deliver effective solutions,” said aligned with Neev’s focus on under- Kushagra Nandan, President, and Co- invested states. We look forward to Founder of SunSource Energy. deploying this capital into solar assets in these states, and significantly contribute Economic Laws Practice, a leading Indian law firm, was the to the sustainable development of these key legal advisor, and Venturebook Capital Advisors was the states,” said Adarsh Das, CEO and Co-Founder of Sun- financial advisor, on the transaction. Source Energy.

The Neev Fund, an initiative of SBI and UK’s department Gavin McGillivray, Head, UK DFID for International development (DFID), is an infrastructure India said, “We are pleased that Neev private equity fund which aims to invest in low income or Fund is the first investor in SunSource. developing states in India, with a focus on infrastructure sub- The investment will help the company sectors such as renewable energy, agricultural supply chain, among others. grow in India’s under-invested states.” Volvo signs pact with CleanMax Solar for long-term power supply By supplying 60 per cent of their power requirement from our The move is expected to reduce Volvo’s Carbon Dioxide emissions by 3,380 tonne solar farm, Volvo will see sig- per annum and will also lead to a significant operating cost savings for Volvo, nificant operating cost savings the company said in a statement. while also making a very impressive reduction in their CO2 olvo Group India (VGIPL), the Indian arm of emissions, Andrew Hines, Co- the Swedish automotive company VOLVO, has founder of CleanMax Solar said. signed an agreement with CleanMax Solar for He added Volvo will achieve long-term supply of 2.75 Megawatt of solar these benefits with minimal power for Volvo’s truck operations in Banga- risk and hassle because the en- lore. tire investment and operations The move is expected to reduce Volvo’s is done by CleanMax. V Carbon Dioxide emissions by 3,380 tonne per annum and will also lead to a significant operating cost savings for Volvo, the company said Under the agreement, Volvo is expected to begin in a statement. The agreement was signed by drawing power from CleanMax Solar’s Bellary facility Kamal Bali, President and Managing Director in May 2018 for its Hoskote and Peenya manufacturing of Volvo Group and Andrew Hines, Co-founder facilities and the supply would continue for ten years. of CleanMax Solar. Source: energy.economictimes.indiatimes

www.EQMagPro.com EQ April 2018 43 Business & finance

SunSource energy plans to build Actis set to buy Bhoru- 200-mw solar park in UP ka’s renewable energy NEW DELHI: SunSource Energy, a solar EPC player in India, is boosting its portfolio with plans to develop a 200-mw solar park in Uttar Pradesh entailing an investment of Rs assets 900 crore. BENGALURU: Global private equity fund Actis LLP is poised to acquire renewable energy assets of Karnataka-based Bho- he company has also received funding from State ruka Group, a person familiar with the negotiations said. Bank of India-led Neev Fund, which a top executive said will help it reach its target of 1.5 gw project he deal will be based on enterprise capacity by 2025.The Neev Fund is a joint initiative of value of about Rs 2,700 crore, the the SBI and UK’s Department for International Devel- person told ET. “The deal is close opment (DFID) to develop projects in states with low to being sealed. Due diligence is capital investment. currently being carried out,” the person said. Bhoruka Group, which T also has interests in real estate, “At the Uttar Pradesh Investors Sum- coal mining, gas and steel, is sell- ingT its entire renewable energy portfolio of 321 mit, the company sign a memorandum of understanding with the state government MW under its subsidiary Bhoruka Power Corp Ltd to Actis, continuing the wave of consolidation to develop a 200-mw solar park, which in the solar and wind energy domain, which has should be completed between 2021 and seen rapid capacity addition with thin margins in 2022. We have committed ₹900 crore for recent years. this,” Kushagra Nandan, president of SunSource Yes Securities, a subsidiary of Yes Bank, is Energy, told ET. The project will be financed the sole investment manager for the deal. Actis declined to comment on the matter. S Chan- through a mix of debt and equity, he said. drasekhar, managing director at Bhoruka Power, too, declined to comment on “unconfirmed re- SunSource has 200 mw of solar projects in India and overseas. The ports”. Founded in 1986, Bhoruka Power started company has a short-term target of reaching 300 mw of project capacity by setting up small hydro plants, but has since by 2020, said Nandan, who is also one of the founders of the company. branched into wind and solar energy. It has 15 The fund from Neev is to be used for projects in eight low-income or de- small hydro projects with total capacity of around veloping states identified by the fund, namely Uttar Pradesh, Rajasthan, 121 MW, six wind projects with capacity of around Madhya Pradesh, Bihar, Orissa, Jharkhand, West Bengal and Chhattis- 170 MW, and two solar projects totalling 30 MW. garh, outside of the company’s operations in other cities. Barring one small wind project in Jaisalmer, Rajasthan, and a hydro project in Yamunanagar, “The fact that there is SBI involved, we Haryana, all its projects are in Karnataka.Bhoruka have automatic access and visibility all Group has been looking for a buyer for Bhoruka over India. We are already seeing some Power for nearly a year. L&T Infrastructure Fi- impact… They are connecting us in ways nance has an equity stake of around Rs 350 crore in the company. London-headquartered Actis, that we didn’t think possible,” said Adarsh which invests in energy markets across Latin Das, a cofounder of SunSource Energy. America, Africa, South Asia and Southeast Asia, “We will require funds over a period of Two years ago, a separate Actis fund also put time so it positions us very well for future raises.” $450 million into Sprng Energy, which along with its Mauritius-based holding company Solenergi, The funding gives SBI, the country’s largest public sector lender, and has already bagged two projects in India – a 250 UK DFID, a minority stake in the company. The founders did not disclose MW solar project in Rewa, Madhya Pradesh at how much stake SBI and UK DFID hold. an auction held in February 2017 and a 197.5 MW wind project in Gujarat at the auction held in December 2017. Other recent acquisitions in the Das, who is also the company’s CEO, said the funding provides renewable energy space include ReNew Power’s SunSource an opportunity to collaborate with the industry. “We buyout of the wind assets of KC Thapar Group need to deploy this money into domestic PPAs (distributed gen- for around Rs 1,000 crore in November last year; eration). Second is, just provide enough development support to Hero Group’s takeover of the wind portfolio of LNJ other developers so that we can do larger EPC projects, and the Bhilwara Group for an undisclosed sum in Octo- third is international expansion,” he said. ber; and IDFC Alternatives-backed Vector Green Energy’s purchase of 190 MW solar assets from With consolidation growing in both utility scale and commer- US-based First Solar for an undisclosed amount in July. The biggest deals in the business remain cial-industrial scale segments, SunSource is also looking at Tata Power’s buyout of Welspun Energy’s renew- similar opportunities. “There will be opportunities for joint in- able portfolio of 1140 MW for Rs 9,249 crore in vestment as well. We are considering acquisition of a few assets June 2016 and Greenko Energies’ takeover of in FY18-19,” said Nandan. the Indian assets of around 500 MW of US-based SunEdison for $392 million, or about Rs 2,500 Source: economictimes.indiatimes crore, in October 2016.

44 EQ April 2018 www.EQMagPro.com Business & finance

Shell may buy majority stake in solar power firm Fourth Partner Energy New Delhi: Royal Dutch Shell Plc, the world’s second-biggest publicly traded oil company, plans to acquire a majority stake in Hyderabad- based rooftop solar firm Fourth Partner Energy, two people aware of the development said.

hell is looking to buy a “significant stake” in Fourth Partner Energy, said one of the two people cited above, requesting anonymity. The second person said Shell is looking to acquire a majority in the firm. Shell’s interest in Fourth Partner Energy comes amid the central govern- Microsoft inks renewable ment’s ambitious plans to set up 175 gigawatt S (GW) of clean energy capacity by 2022. Of energy deal for Bengaluru this, 40GW is to come from rooftop solar projects. The Anglo-Dutch company runs a liquefied natural gas terminal facility at Hazira on India’s west coast and is the operator of the Panna-Mukta-Tapti fields, in a joint venture with state-run Tech giant Microsoft said it has inked its first renewable energy deal in Oil and Natural Gas Corp. and Reliance Industries Ltd. It is India for powering its new facility in Bengaluru. among the few foreign oil companies to have a fuel retail licence in the country. Shell has been looking at the clean he agreement will see Microsoft purchase energy space in India for some time now. 3 megawatts of solar-powered electricity Mint reported on 10 February last year about Shell’s inter- from Atria Power for its new office building est in solar power producer Amplus Energy Solutions Pvt. in Bengaluru, meeting 80% of the projected Ltd.In one of the largest overseas investments in the Indian electricity needs at the facility, Microsoft rooftop solar space, Warburg Pincus agreed to invest as said in a statement. much as $100 million in CleanMax Solar in July last year. In The company, however, did not disclose 2015, infrastructure investment manager I Squared Capital, T the financial details of the deal. The facility, announced its $150 million investment in Amplus Energy. which will be operational starting June, is spread over 5.85 While queries emailed to Fourth Partner Energy’s founders lakh square feet. The Karnataka government is encouraging Saif Dhorajiwala and Vivek Subramanian remained unan- investments in local solar energy operations, in line with the swered, Aditya Gupta, senior manager, business develop- country’s goal of ramping up solar power generation to 100 ment, at the firm in an emailed response said, “We regret that gigawatts by 2022. we do not have any news to share with you in this regard.” “Shell does not comment on speculation,” a Shell Once completed, the project will India spokesperson said in an emailed response. Some bring Microsoft’s total global direct of the global oil companies interested in the Indian clean procurement in renewable energy energy space as reported by Mint include Norway’s projects to nearly 900 megawatts. Statoil ASA, France’s Total SA and Russia’s OAO Ros- “Investing in local solar energy to neft. In a move that may impact solar project developers, help power our new Bengaluru of- the Indian government is conducting an anti-dumping in- fice building is good for Microsoft, vestigation on solar equipment imports from China, Tai- good for India and good for the envi- wan and Malaysia. The government is also considering levying a 70% provisional safeguard duty on imported ronment,” Microsoft India president Anant solar panels and modules from China and Malaysia, as Maheshwari said. recommended by the directorate general of safeguards. A final decision is awaited. "He added that this deal will help the company grow in a sustainable manner and also support the growth India’s green power tariffs have remained near a record of the Indian solar energy industry. This is Microsoft’s low. While solar power tariffs rose to Rs2.65 per kilowatt hour first solar energy agreement in India, and one of the first (kWh) at an auction conducted by the Gujarat government ones in the Asian region." in September, last December’s auctions conducted by Solar Energy Corp. threw up winning bids of Rs2.47 and Rs2.48 The Redmond-based firm completed a new solar agree- per unit. This hasn’t dissuaded overseas firms including solar ment in Singapore last week. The deals in Asia follow wind equipment makers from setting up base here. China’s LONGi projects in Europe and a substantial portfolio in the US. Green Energy Technology Co. Ltd, for example, said it plans Microsoft’s goal is to rely on wind, solar and hydropower to invest $309 million investment to set up a solar equipment electricity for at least 50% of its energy usage worldwide by the end of 2018. manufacturing facility in Andhra Pradesh Source: PTI

www.EQMagPro.com EQ April 2018 45 trade wars

WTO members consider India’s request for compliance panel in dispute over solar cells special meeting of the Dispute Settlement Body (DSB), WTO members considered India’s request for a panel to be established to examine India’s compliance with the recommendations and rulings of the DSB in a dispute over India’s domestic content requirements for solar cells and solar modules. The United States did not agree to the establishment of the compliance panel. ndia recalled that, on 23 Janu- DSB’s recommendations and rulings, action that would serve the purpose of a ary 2018, it had requested the the US said. It further said that India’s prompt, positive and effective resolution establishment of a panel to de- request for the establishment of a panel of disputes. termine its compliance with rul- appears to indicate that India will contin- The DSB took note of the statements ings of the DSB in this dispute. ue to apply WTO-inconsistent domestic and deferred the establishment of a India also recalled that it had content requirement measures con- compliance panel for this dispute. filed its compliance status re- tained in Power Purchase Agreements DS464 United States — Anti-Dumping port, dated 14 December 2017, that India entered into before December I and Countervailing Measures on Large in which it informed the DSB that it has 2016. The US reserved its rights to Residential Washers from Korea ceased to impose any measures found move forward with procedures to obtain The United States took the floor under to be inconsistent with the DSB’s recom- DSB authorization to take countermea- the agenda item of “Other Business” to mendations and rulings. On 19 Decem- sures in relation to India’s domestic inform the DSB of its intention to imple- ber 2017, the United States requested content requirements; however, it also ment the recommendations and rulings authorization from the DSB to suspend said it remains willing to work with India of the DSB for this dispute in a manner concessions with respect to India due to to find a bilateral resolution without that is consistent with its WTO obliga- what it said was India’s failure to comply further proceedings. Under WTO rules, tions. The DSB had adopted the panel with the rulings by the 14 December a request for the creation of a panel can report on this dispute on 12 January 2017 implementation deadline. be blocked in the first instance. 2018. The US indicated it would need a "India, at the meeting, said its request A number of members intervened to reasonable period of time to do so and for a compliance panel has been neces- comment on the sequence of proce- was willing to pursue discussions with sitated by the United States seeking dures for determining compliance and Korea in this regard. suspension of concessions or other authorizing the suspension of conces- Korea welcomed the notification of the obligations." sions. One noted that India’s request for United States. It said it had had fruitful "India said the logical course of action the establishment of a compliance panel consultations with the US regarding the is first to have recourse to compliance continues a trend in the WTO’s dispute determination of a reasonable period of proceedings under Article 21.5 of the settlement practice, illustrating that time for implementing the DSB ruling. Dispute Settlement Understanding be- such a course of action was useful and Korea said it believed both parties will fore going into procedures related to the appropriate. Another member said that soon reach a mutual agreement on this US request to suspend concessions." concessions could only be suspended matter and that it expected the US to The United States did not agree to the once a multilateral determination had promptly take all necessary actions to establishment of a compliance panel. been made to determine compliance. bring its measures into conformity within India had not provided any evidence to One member referred to its previous what will be the agreed period. demonstrate that it complies with the statement calling for a proper course of Source: wto.org Korea initiates WTO complaint against US anti-dumping, countervailing duties Korea has requested WTO consultations with the United States concerning the use of “facts available” by US investigating authorities in anti-dumping and countervailing investigations. The request was circulated to WTO members on 20 February.

n its request, Korea chal- What is a request for lenges the provisions of consultations? US laws and regulations al- The request for consul- lowing the US Department tations formally initiates of Commerce (USDOC) a dispute in the WTO. to use facts available in Consultations give the anti-dumping and counter- parties an opportunity to vailing investigations; the I discuss the matter and to USDOC’s practice of using adverse find a satisfactory solu- facts with regard to producers or tion without proceeding exporters deemed to have failed to further with litigation. After cooperate in the investigation; and 60 days, if consultations six anti-dumping and countervail- have failed to resolve the ing duty determinations on certain dispute, the complainant products from Korea in which the may request adjudication USDOC relied on adverse facts by a panel. available. Source: wto.org

46 EQ April 2018 www.EQMagPro.com trade wars

South Korea’s Moon urges ‘stern’ ISMA to file fresh peti- response to new US tariffs tion for anti-dumping Trump has put his “America First” doctrine into action by imposing duties of 20 to 50 percent on large washing machines made in nations including the South, as well as probe on solar equip- tariffs on solar panels imported from China and elsewhere.

outh Korean President Moon Jae-in called for a “stern” re- ment sponse to new US tariffs on the South’s exports as concern New Delhi, Mar 5 (PTI) The Indian Solar Manufacturers grew over looming trade restrictions by Washington. Association (ISMA) said it has withdrawn its anti-dumping US President Donald Trump threatened retaliatory ac- petition on solar equipment and will soon file a fresh plea tion against China and South Korea and vowed to revise with a different reference period of investigation. or scrap a 2012 free trade deal with the South which he he ISMA feels there was a jump of described as a “disaster”. Trump also put his “America First” 33 to 45 per cent in imports of solar S doctrine into action last month by imposing duties of 20 to equipment from China, Taiwan and 50 percent on large washing machines made in nations in- Malaysia during July to December cluding the South, as well as tariffs on solar panels imported last year. The body had earlier filed from China and elsewhere. its petition covering the investiga- Seoul has said it would take the issue to the World Trade tion period till June 2017. The fresh Organization while Beijing expressed “strong dissatisfaction” petition would cover the period with the move, adopted to protect US manufacturers. The T December 2017. trade frictions have strained ties at a time when Seoul and Washington are seeking to present a united front against “It necessitated the need to contemporarise North Korea’s nuclear threat. the period of investigation, and therefore ISMA has withdrawn the earlier petition,” it said in a statement. ISMA has said it will soon be ap- proaching the commerce department and the Moon, at a meeting with aides, honourable authority to file a fresh petition with a expressed concern over “intensifying more relevant and more recent period of inves- protectionism” that may take a toll on tigation. the South’s export-reliant economy — also the world’s 11th largest. Elaborating further, it said, “We had filed “I am concerned that widening restric- the petition for anti-dumping duty on so- tions by the US on our exports, includ- lar cells and modules, covering the period ing steel, electronics, solar panels and of investigation till June 2017. However, washing machines, may take a toll on the import trends since then have made the exports despite their global com- the period of investigation irrelevant.” petitiveness,” he said. “I’d like (officials) It said, “Despite an ongoing investiga- to respond to unreasonable protectionist measures in a confident and stern manner by… reviewing tion, the exports from China, Taiwan and whether the measures violate the current Korea- Malaysia of cells and modules increased US free trade pact,” he said. by 33 to 45 per cent during the period of July 2017 to December 2017. This massive increase in volumes was enabled by a Moon also urged officials to “actively argue the unfairness” of the tariffs when renegotiating the bilateral free trade deal. Moon’s comments also significant price reduction to dump more came days after the US Commerce Department recommended hefty new material in India. The prices in the same tariffs on steel imports from countries including the South. period fell by about 25 per cent.” Mean- The US trade deficit — which Trump has vowed repeatedly to fix — while, India had proposed to levy a 70 per widened even further during his first year in office, up 12 percent to $566 cent safeguard duty on import of solar billion. The Trump administration last July initiated talks to renegotiate power equipment from countries like the free trade pact with Seoul, arguing it was lopsided because America’s China for 200 days to protect domestic bilateral trade deficit had ballooned under it. industry.

The Directorate General of Safeguards in Two previous rounds of talks a January 5 recommendation to the finance made little progress and Seoul’s ministry said solar cells are “being imported chief trade negotiator Kim Hyun- into India in such increased quantities and un- chong said at the time there was der such conditions so as to cause or threaten “a long way to go”. The next to cause serious injury to the domestic indus- round of negotiations is sched- try manufacturing like or directly competitive uled in Washington next month. products.” Source: PTI

www.EQMagPro.com EQ April 2018 47 technology

Trina Solar Announces New Ef- ficiency Record of 25.04% for Large-area IBC Mono-crystalline Silicon Solar Cell CHANGZHOU, China — Trina Solar announced that its State Key Laboratory (SKL) of PV Science and Technology (PVST) has set a new record of 25.04% total-area efficiency for a large-area (243.18 cm2) n-type mono-crystalline silicon (c-Si) In- terdigitated Back Contact (IBC) solar cell, with open-circuit voltage up to 715.6 mV. The result was independently certified by Japan Electric Safety and Environmental Technology Laboratory (JET).

he IBC solar cell is the most complicated but with the highest cell efficiency for mass It has been demonstrated to be the first single-junction production c-Si solar cell today. The record- c-Si solar cell developed in China to attain an efficiency breaking n-type mono-crystalline silicon solar above 25%, and also has been demonstrated to be the high- cell was fabricated on a large-sized industrial est efficiency c-Si single junction solar cell based on a 6-inch phosphorous-doped Cz Silicon substrate with large-area c-Si substrate. a low-cost industrial IBC process, featur- As the largest photovoltaic modules supplier and the T ing conventional tube doping technologies leading PV total solutions provider, Trina Solar aims to be a and fully screen-printed metallization. The 6-inch solar cell global leader of Energy Internet of Things. The Trina Solar reached a total-area efficiency of 25.04% as independently State Key Laboratory of PV Science and Technology is one measured by JET in Japan. The IBC solar cell has a total of the first state key laboratories based in PV companies measured area of 243.18cm2 and was measured without any and accredited by the Chinese Ministry of Science and Tech- aperture. The champion cell presents the following character- nology. The laboratory so far has broken 18 world records in istics: an open-circuit voltage Vocof 715.6 mV, a short-circuit PV cell efficiency and module power output. current density Jsc of 42.27 mA/cm2 and a fill factor FF of Source: Trina Solar Limited 82.81%. At 23.6%, Chinese solar manufacturer LONGi Solar breaks its own world record for the highest efficiency of monocrystalline PERC solar cells Chinese solar manufacturer LONGi Solar Technology Co., Ltd. (“LONGi Solar”) held a press conference in Japan . at which the company announced that it had achieved a record 23.6% conversion efficiency with its monocrystalline passivated emitter rear contact (PERC) solar cells, as certified by China’s National Center of Supervision and Inspection on Solar Photovoltaic Product Quality (CPVT).

he solar cell manufactur- LONGi Solar’s plans are to continue to invest er not only broke its own heavily in monocrystalline PERC cells, to record, but continues to quickly expand production to meet the in- be the world’s leading creasing demand for high-efficiency cells and producer of monocrys- to achieve the mass production of cells with a talline PERC solar cells conversion efficiency exceeding 22 per cent, with the highest effi- delivering more value to its customers,” stated ciency. T LONGi Solar president Li Wenxue. Over the past two years, monocrystalline PERC technology, with its distinct advantages in terms of perfor- “LONGi Solar has been focusing on the R&D of monocrystalline solar cells and mance and cost, has been increasingly modules as part of its drive to make breakthroughs in monocrystalline technol- favored and recognized across the so- ogy. Since October 2017, LONGi Solar has broken the world record three times lar cell industry, a sector that has higher in terms of conversion efficiency of monocrystalline solar cells,” said Dr. Li Hua, requirements for efficiency as a result vice president of research and development at LONGi Solar. ” The company of the push among solar power produc- achieved a new world record of 23.6% in efficiency at the beginning of 2018, ers to reduce the cost per kilowatt hour after having announced on October 27, 2017 that it had reached a world record of solar power and achieve grid parity. As a result, an increasing number of of 23.26%, exceeding the highest efficiency that industry analysts believe PERC solar cell manufacturers have begun to cells can achieve. This achievement is another testament to LONGi Solar’s lead- produce monocrystalline PERC cells. ing technology in monocrystalline cells.”

48 EQ April 2018 www.EQMagPro.com ROOFTOP & OFFGRID

GoodWe Solar Inverters Installed at Nepal Prime Minister's Office As reported by China Central Television (CCTV),a large solar energy project in Nepal supported by the Chinese government was finally completed last December.

aunched in October 2016, the project included the installation of solar panels on 23 government buildings such as the Prime Minister’s Office, the Energy Ministry and the Finance Ministry in order to effectively “The Belt and Road Initiative which focuses on research and solve the frequent power out- brings a good opportunity for manufacturing of PV inverters and L ages in Nepal’s government the development of Chinese PV energy storage solutions.With an departments by providing an average of 10 hours of enterprises and promotes Chinese average monthly sales volume office electricity every day. PV technology widely around the of 30,000 pieces in 2017 and 16 GoodWe solar inverters were selected for this world” said GoodWe CEO Mr GW installed in more than 100 project due to their good quality and reputation. Huang Min.“GoodWe will seize the countries, GoodWe solar invert- Thanks to its reliable grid support capabilities, high opportunity tokeep growing and ers have been largely used in waterproof and dustproof grade and extra-wide volt- expanding into the international residential, commercial rooftops, age range of modules, GoodWe DT series inverter markets”. GoodWe is a leading, industrial and utility scale systems, was the ideal inverter for this project. strategically-thinking enterprise ranging from 1.0 to 80kW.

Tatya Tope multipurpose stadium in Bhopal becomes the first solar powered non-cricket stadium Tatya Tope Multipurpose Stadium his information was tweeted by the energy needs in Bhopal becomes the first minister of state for power and new re- The sports minister also said that the cost of non-cricket stadium in the Tnewable energy Raj Kumar Singh. The installation would be recovered in four/five country which is completely Madhya Pradesh sports minister Yashodhara years because of these savings. The stadium powered by solar energy. 60% Raje Scindia told Economic Times that 375 has facilities for football, athletics, volleyball, of the expenses on energy are KW electricity is being generated by the solar hockey, basketball, badminton, cricket, hand- expected to be saved because of panels in the stadium. The stadium has been ball, table tennis, taekwondo and wrestling. the solar power infrastructure paying energy bills of 5 lakh per month so far. With the current upgrade, the stadium will be in the stadium. This is expected to go down to 2 lakhs once a cost-effective asset aiding sports develop- the solar panel infrastructure is used for its ment in Madhya Pradesh.

www.EQMagPro.com EQ April 2018 49 ROOFTOP & OFFGRID

Vikram Solar Commissions Rooftop Solar Plant For IOCL Vikram Solar Limited, one of the top tier solar modules manufacturer and a renowned EPC solutions provider, has successfully installed a 100 kWp (50 kWp x 2) Rooftop Solar PV system at two sites in Bikaner and Jhunjhunu for the Indian Oil Corporation Limited offices in Rajasthan. The cumulative annual energy generation capacity of the two solar installations is 120000 kWh.

A spokesperson at IOCL, Jhunjhunu, Rajast- han– shared, “We are glad to join the renewable energy race, partnering with Vikram Solar. Our 100 kWp solar plant was powered on and although we are yet to analyse the output, we are happy to have made the stride in contributing to the Indian solar growth. Vikram Enerparc India Commissions Solar has done an exceptional job in installing and commissioning the system ensuring to high- Rooftop Solar Project for quality standards and above industry standard services” Gleason Works Pvt. Ltd. in ikram Solar has a prestigious 60 MW (Com- missioned + Under execution) Rooftop EPC Bengaluru. portfolio comprising of government clients Enerparc Energy Pvt. Ltd., Indian arm of Global Turnkey Solar Solution such as ISRO, IOCL, SBI, WBSEDCL, and provider, Enerparc AG, Germany commissioned a 343kWp Solar Rooftop AAI; whereas Private Sector solar enthusiasts plant at Gleason Works Pvt. Ltd. from SL Group, IMFA, Century Ply, KBL, and Anmol Biscuits, among many others have situated in KIADB Aerospace Park in further strengthened our resolve. India’s first city of Bengaluru. Gleason Corporation, V Floating Solar Plant, done by Vikram Solar established in the year 1865 is a global in Kolkata, also resonates our commitment engineering company with headquartered towards innovation and social commitment. in Rochester, USA with presence in more than 25 countries and is primarily into de- Ms Neha Agrawal, Head-Corporate sign, manufacture and sale of machinery, Strategy, Vikram Solar, shared on the V tooling and equipment for the production occasion, “Focusing on quality, perfor- of bevel and cylindrical gears used in vari- mance, and latest technology use, we ety of automotive, aerospace applications. have successfully satisfied the most conservative circle of clients in India On this occasion, Mr. Pardeep Kumar and abroad. Our recent win in deliver- Aggarwal, General Manager at Glea- ing a 100 kWp (50 kWp x 2) Rooftop son India said, “The concept of install- Solar PV system to Indian Oil Corpora- ing Solar power plant at Gleason’s tion Limited testifies our resolve and Bangalore facility reflects company’s complements our proven track record.” commitment for green energy and environmental sustainability, it also She also added “We used ABB String Inverter (50kVA), portrays our global philosophy of imported from Germany, for this project, and faced logisti- always moving forward in finding new cal challenges as the installation site was on the outskirts innovative ways for cost optimization. of the city. The system, not only provides financial benefits Installed Solar power plant would gen- but also environmental benefits in the form of Carbon Diox- erate more than 5 Lakh units annually ide offset of 120 metric tonnes annually. We congratulate and help Gleason to meet 90% of its Indian Oil Corporation Ltd for joining the Indian solar revo- daytime energy demand. By installing lution and thank them for helping us in our commitment of this solar power plant Gleason would supporting the Indian solar dream.” help in reducing global carbon footprint by 460 tons per year. Source: indiaprojectsnews.in Source: Enerparc

50 EQ April 2018 www.EQMagPro.com SOlar Projects

Statkraft BLP inaugurates Solarpack commissioned one of the largest “in-cam- 104MWdc Solar PV project pus” solar power plants in in Telangana Solarpack, a multinational company with Head Quarters in Spain and Tamil Nadu regional presence in USA, Latin America, South Africa, Malaysia and Bengaluru/Chennai: Statkraft BLP Solar Solutions, one of the leading India that develops, constructs and operates photovoltaic solar customer-focused solar solution providers and independent power plants globally has commissioned Six photovoltaic solar plants producers in India, inaugurated a 5 MWp solar park on 13th February with a total capacity of 104MWdc in the Indian state of Telangana. 2018 for SRF’s manufacturing plant in Gummidipoondi (Tamil Nadu). olarpack was awarded Six (6) PPA’s he project is one of the largest in-campus through competitive bidding for supply solar power projects in Tamil Nadu and of power to Telangana state distribution will reduce electricity costs and CO2 company, TSSPDCL will acquire all the emissions of SRF’s production plant for generated electricity through a long- polymer-based technical textiles signifi- term power purchase agreement (PPA) cantly: It is estimated to generate 7,500 for a period of 25 years. MWh clean energy per year. These are the first contract that were awardedS to Solarpack in India in January 2016, which T was the only Spanish company among the winners of this bid. These plants are expected to generate around 160 GWh annually. Solar PV projects are located in the “We are proud to have set up one of districts of Mahbubnagar, Medak and Nizamabad in the the largest “in-campus” solar projects Indian State of Telangana. in Tamil Nadu that provides a high quality solar solution for SRF Limited. This will further enhance our position as a unique service provider in the solar In our discussion Mr. Pradeep sector, and is another step to contrib- Chauhan, Country Manager-Indian ute to reach India’s renewable energy Subcontinent of Solarpack said, “We targets by 2022”, says Tejpreet S. Chopra, CEO of Statkraft aim to build about 200MW Solar PV BLP Solar Solutions. projects every year in India, since India is a very important market for us. We have developed projects in Spain, Chile, Peru, Uruguay, Colombia, “SRF has always been at the fore- USA, Malaysia and India. In addition to India, front of adopting technologies that we have focus on neighboring countries eg. Bangladesh, aim at delivering quality to the custom- Srilanka in the subcontinent etc. We believe in building er on a sustainable basis and simulta- world class assets with highest quality standards, our team neously promote green manufacturing have developed in-house design, engineering, construc- in our business. Climate change and tion, asset management and Operation & Maintenance rising energy demand intensify the capabilities. We have been able to successfully operate our need for greater usage of clean and global capacities well above 99.5% availability, which is green energy in order to ensure environmental protection. testimony of our capability. With the successful commissioning of the 5 MWp solar park we are making our operations both green and more sustainable,” said Sanjay Chatrath, president and CEO Technical Textiles Business, SRF Limited. Further We have recently won 95MWac capacity projects for 5 locations in Karnataka State bid, that demonstrate our commitment for Indian renewable energy sector. Solarpack’s first plant has now been generating energy for “The solar park we built for SRF 10 years Solarpack recently celebrates 10th anniversary is a milestone project for us where of its 1st Solar PV plant build in Spain with Single Axis innovative design helped overcome Tracker, the Isla Mayor Solar Photovoltaic park in the technical challenges that we faced in province of Seville, has been operating non-stop since setting up such a large project within October 2007, avoiding 6,160 tons of atmospheric CO2 a an operating factory. The project year. We are present in Spain, Chile, Peru, Uruguay, Co- has accounted for more than 1 Lakh lombia, USA, Malaysia and India. The company has com- hours of employment without any missioned over 200 MW in several countries. Solarpack safety violation incidents, which proves that we follow our also manages customer facilities that add an additional world-class health and safety standards rigorously” adds 250MW. Pratyush K. Thakur, COO of Statkraft BLP Solar Solutions. Source: Solarpack

Source: statkraftblp

www.EQMagPro.com EQ April 2018 51 artificiaL INTELLIGENCE

EDF Energies Nouvelles and Bharat Light & Power extend their partnership to add additional wind and solar farms to the AI powered IOT platform, “Orion”. Delhi – EDF Energies Nouvelles’ subsidiary dedicated to operations and maintenance activity in Europe and Bharat Light & Power (BLP), an Indian renewable energy IPP, announced renewing their partnership. he goal is to develop one of the world’s most advanced dedicated AI powered IOT (internet of things) platforms, “Orion”, a solution that processes data for operations and maintenance services for renewable energy facilities. EDF and BLP shall be renewing their partnership to improve the performance of T wind and solar farms by leveraging big data analytics, cloud, and machine learning. The Orion platform, which EDF and BLP have been developing in partnership since 2015 increases the competitiveness of operations and maintenance, and optimises and improves asset performance by harnessing the insights gained from predictive analytics to deliver efficient management of renew- “This partnership reflects the able energy assets. Big data used to boost the operations and disruption occurring glob- maintenance segment’s competitiveness The Orion platform ally in the energy sector”, said provides monitoring, reporting and predictive intelligence for BLP CEO Tejpreet S. Chopra. operations and maintenance providers, assets owners and “With the significant decline utilities via the BLP control centre in Bengaluru. It harnesses in renewable energy prices, big data, cloud, mobility and advanced analytics via a single AI driven IOT platform Orion platform. brings together deep global Using customised algorithms, and machine learning, the renewable energy expertise from EDF Energies platform considerably enhances data access, monitors pro- Nouvelles with deep IT and domain expertise duction in real time, optimises predictive computations and in India to provide cost effective actionable delivers personalised reporting. This platform, available 24/7 intelligence that improves the performance of around the world via its mobile application and web portal, energy assets.” A product that has evolved from revolutionises predictive maintenance – an essential service a robust and complementary Franco-Indian that EDF Energies Nouvelles’ subsidiary performs in 7 Euro- partnership at the forefront of innovation pean countries.

EDF Energies Nouvelles operations and maintenance Thierry Muller, CEO of EDF activity has already connected more than 1 GW in wind and EN’s subsidiary dedicated to solar energy assets that it manages from its European Diag- operations and maintenance nostic Centre, on the Orion platform, and has benefited from said: “The extended partner- improved visualisation, predictive maintenance and real time ship between Bharat Light & tracking. Orion has benefited from the EDF Energies Nou- Power and our European team of velles operations and maintenance teams’ strong expertise renewable experts will provide across 7 countries. The platform has leveraged the strength the highest standards of opera- of EDF Energies Nouvelles’ engineering expertise with cost effective IOT and AI solutions in India to develop a global tions and maintenance services to a large number product. The teams have been working closely to enable the of customers by leveraging the platform, Orion. This system to grow and develop around operational require- innovative digital tool supports the renewable part ments with the benefit of real time feedback. of the Indo-French partnership to increase clean The renewal of this partnership for a further three years energy globally and make it affordable by utilizing has demonstrated the relevance of this association of disruptive new technologies such as AI (Artificial technical wind and solar expertise and data management Intelligence) and big data analytics”. knowledge to boost the competitiveness of renewable energy power plants.

52 EQ April 2018 www.EQMagPro.com Energy storage

LG Chem and Samsung SDI Are the Leading Manufacturers of Lithium Ion Batteries

A new Leaderboard Report from Navigant Research apid growth in markets that rely on Li-ion batteries has examines the strategy and execution of 10 lithium allowed suppliers to develop economies of scale through ion (Li-ion) battery manufacturers, with LG Chem major investments in new manufacturing facilities, which and Samsung SDI ranked as the leading companies. are also driving down prices. With this, the global landscape of Li-ion manufacturers is becoming increasingly competitive as companies vie for market share, leveraging the technology’s benefits of low cost, energy density, R efficiency, and safety. Click to tweet: According to a new Leaderboard report from @NavigantRSRCH, LG Chem and Samsung SDI are the leading manufacturers of Li- ion batteries. Navigant Research expects go-to market strategy; partners; the Li-ion industry to reach $23.1 production strategy; technology; billion by 2026. Market growth geographic reach; sales, market- “Leaders in this market have is likely to be spread primar- ing, and distribution; product clearly differentiated themselves ily among the regions of North performance; product quality from the competition through America, Europe, and Asia and reliability; product portfolio; exceptional product devel- Pacific, driven by regulatory pricing; and staying power. Using opment and strong industry changes and incentives before Navigant Research’s proprietary prices come down enough to Leaderboard methodology, relationships with project devel- compete with retail electricity vendors are profiled, rated, and opers, utilities, financiers/inves- rates, according to the report. ranked with the goal of provid- tors, and system component The report, Navigant Research ing industry participants with an vendors,” says Ian McClenny, Leaderboard: Lithium Ion Batter- objective assessment of these research analyst at Navigant Re- ies for Grid Storage, examines companies’ relative strengths search. “We believe that these the strategy and execution of and weaknesses in the global Leaders are poised to spear- 10 leading Li-ion battery manu- Li-ion batteries for grid storage facturers that are active in the market. An Executive Summary head the charge for current and global market for Li-ion batteries of the report is available for free next-generation Li-ion batteries for grid storage. These players download on the Navigant Re- in the coming years.” are rated on 12 criteria: vision; search website.

www.EQMagPro.com EQ April 2018 53 Energy storage

Lithium is a key ingredient in rechargeable batteries that are prevalent in electronics from mobile phones to electric cars. The metal is part of the cathode, which houses the electric charge. Demand for the mineral is projected to rise 38-fold by 2030 to 7,845 metric tons per year from 200 metric tons in 2016, according to Bloomberg New Energy Finance. Big oil companies have the capital to deploy and expertise in developing large projects that could help the lithium industry expand. Oil majors have been dabbling in clean energy for decades, but it doesn’t make up a significant percent of any of their businesses. This is beginning to change, with the industry seeking new revenue streams and to keep themselves at the center of the Lithium Seen as Lifeline for energy business. Oil Majors in Clean Energy Future Lithium could be a lifeline for oil majors as the energy industry shifts toward lower-polluting alternatives to fossil fuels, said Jeff McDermott of Greentech Capital Advisors LLC.

Their specialty is resource extraction, McDermott, managing partner of the New York-based bou- tique investment bank advising energy companies and investors, said in an interview in London. Total SA bought the battery maker Saft Groupe SA They should buy lithium miners, get involved in for 950 million euros in 2016. Royal Dutch Shell Plc the upstream of core battery technology. recently made tracks into electricity, buying First Utility Ltd. in the U.K. in December. BP Plc has taken a 43 percent stake in British solar developer Lightsource his suggestion marks out one solution to the Renewable Energy Ltd. for $200 million. McDermott existential question some of the world’s biggest also sees opportunities for oil majors in offshore wind energy companies are facing about how to and integrated systems for autonomous vehicles. survive as governments clamp down on the Shell and Statoil ASA of Norway have made recent fuels they produce. As the curbs on carbon moves into the wind industry, capitalizing on their emissions tighten, a key issue for fossil fuel experience in drilling for oil and gas in the sea. Shell producers are how much oil and gas demand is a part of the consortium building the Borssele III & T is at risk. IV wind farms in Dutch waters. Source: Bloomberg British billionaire Sanjeev Gupta to beat Tesla, plans to build world’s biggest lithium ion battery CANBERRA: British billionaire Sanjeev Gupta has revealed plans to build the world’s biggest lithium ion battery in South Australia.

South Australian Premier Jay ince its completion in December 2017, Tesla’s South Australia bat- Weatherill said that the battery tery has surpassed expectations, regularly supplementing the state’s would benefit the broader com- power grid to prevent widespread blackouts.The planned 120 mega- munity, Xinhua news agency watts (MW)/140 megawatt hours (MWh) storage capacity of Gupta’s reported. “We know that more Liberty House is larger than that of the current record holder, built renewable energy means by Elon Musk’s Tesla in South Australia in 2017, which has a cap of cheaper power, and that’s why 100MW/129MWh. we have increased our renew- The battery will power solar farm to be built at the site of a former able energy target to 75 per Ssteelworks near Adelaide which Gupta’s Liberty House bought in 2017. Gupta cent and also introduced a secured a nearly $8 million loan from the South Australian government through new renewable storage target its Renewable Technology Fund for the project which is expected to create 100 of 25 per cent,” Weatherill told construction jobs.The announcement of Gupta’s project came on the final day reporters in Adelaide. “These targets will accelerate of campaigning ahead of Saturday’s state election, a campaign where renew- the transition from fossil fuels able energy has been a key issue. Funds for the project were committed by to renewables and lower bills Weatherill’s government prior to the government going into a caretaker period, for South Australians.” meaning the project will go ahead regardless of Saturday’s result.

54 EQ April 2018 www.EQMagPro.com PV MANUFACTURING

DuPont Introduces New Sol- Risen Energy Initiates Ten amet® PV21A Metallization Billion-Yuan Capacity Expan- Pastes at 2018 Tokyo PV Expo sion Plan As the industry leader in solar solutions that delivers proven power In response to the massive growth taking place across the PV sector, on and lasting value for the solar industry, DuPont Photovoltaic Solutions December 5, 2017, A-share market-listed PV module producer and China introduced the complete DuPont™ Solamet® PV21A portfolio to fulfill industry leader Risen Energy Co., Ltd. announced that the company has emerging cell technology trends at the 2018 International Photovol- signed an agreement with the government of Jintan district, Changzhou, taic Power Generation Expo in Tokyo, Japan. Jiangsu province, to invest 8 billion yuan in building 5GW solar cell and 5GW PV module manufacturing facilities in the area. ith proprietary design that delivers better contact performance and high aspect he company announced that it signed a frame- ratios, Solamet® PV21A metallization work agreement with Yiwu Information and paste enables excellent fine line print- Optoelectronics High-Tech Industrial Park on an ability that can drive cell efficiency en- investment in a 5GW solar cell module manu- hancement >0.1 percent and maintains facturing base. Along with a 200 million-yuan, high throughput in mass production. The 30,000-ton PPE modification and PV module pro- optimalW balance of good adhesion and low laydown leads to duction line in Ruicheng, Shanxi province, Risen low cost of ownership for cell manufacturers. The Solamet® T Energy’s total investment has exceeded 10 billion PV21A product family is designed to fulfill all mainstream cell yuan. PV module makers are realizing they need to rapidly technology, it also includes product series for advanced print- improve their technologies and equipment capacity. Their steady ing such as double printing, dual print and mesh cross free growth gave impetus to the accelerated capacity expansion. screen printing. Industry-leading performance is proven on a Risen Energy’s recently announced 2017 performance forecast variety of substrates such as DWS (Dimond Wire Saw) wafer shows revenue for the fiscal year is expected to break the 10 and black silicon. billion-yuan mark, while net profit attributable to shareholders (excluding non-recurring gains and losses) is in the 645-705 mil- “Serving the solar industry for more than 30 years, lion yuan range, up 25.5-37.19%. DuPont is proud to lead the pace of innovation on Risen Energy has begun pushing ahead with its capacity expansion plan, while maximizing control of underlying risks. solar cell efficiency. By pioneering more than 140 in- The firm plans to bring together a team of qualified profession- novations of Solamet® we have consistently enabled als, build high-profile technology research centers, strengthen our customers to improve their power output and collaborative efforts between Chinese and foreign experts, de- reduce total system installation costs,” said Andy velop and master new processes, apply new technologies and Kao, Solamet® global technology manager, DuPont develop new products, manage intellectual property rights, while Photovoltaic & Advanced Materials. constantly enhancing core competitiveness to address various technical risks. At the Expo, DuPont is collaborating with TSEC Corporation to demonstrate the latest solar modules powered by Solamet® PV21A which helps to deliver increased efficiency and higher “Among many boats vying to over- power output. TSEC, which specializes in manufacturing high take one another, only the most performance, top quality mono- and multi-crystal solar cells and hard-working one can be the win- modules, has observed 21.75 percent and 20.3 percent cell ef- ner,” said Risen Energy president ficiency and module power output as high as 315 watts and 300 Wang Hong. “In a period that is watts (60 pcs) in its 5 busbar half-cut design mono PERC and key to us in our move to accelerate multi-PERC black cell modules respectively. the DuPont booth at our industrial transformation, we PV Expo 2018, located at E40-8, will feature collaborations with must increase our investment in two of the world’s leading module makers, JinkoSolar and Longi R&D, continuously improve the Solar regarding high power and reliable modules protected by cost performance of our products, DuPont™ Tedlar® PVF film. strengthen cost controls, further A new highlight in the DuPont booth will be the clear Tedlar® differentiate our products, and PVF film with 20+ years outdoor proven performance in transpar- provide customers with value- ent backsheet. Clear Tedlar® PVF film is the ideal backsheet added services, to maintain our material for bi-facial modules. Compare to double glass module products’ competitive advantage. structure, breathable clear Tedlar® PVF film can help to release moisture and acetic acid from EVA layer; in the meantime, the At the same time, we must always transparent backsheet layer largely reduces module weight up to be prepared, and actively explore 30 percent which can help to lower transportation and installation new markets, to, in our role as one costs. It is a ready manufacturing solution that is compatible with of China’s leading industry player, current module manufacturing processes. The DuPont booth also contribute to the optimization of will feature exhibits from DowDuPont Specialty Products Divi- the structure of the entire sector at sion, including DuPont™ Xavan® weed control fabric for ground a global level.” mounted systems that helps make system operation and maintenance safer and easier, and DuPont high-performance polymers that enable lighter-weight system installations.

www.EQMagPro.com EQ April 2018 55 ELECTRIC VEHICLES

Over the past couple of years, there is a surge in electric vehicle development across the globe White Paper and India is in race to become a major player in Electric Automa- tion. on Electric • India has the potential to electrify as much as 40% of new vehicles hitting the country’s roads by 2030 (NITI AYOG). • Many industry experts suggest that the Vehicle Charging lifetime costs of owning and driving an EV will be comparable to ICE by 2022. • Sales of the electric cars to soar in the Infrastructure 2020s.

Mr. Ravi Shaw Head Engineering Hinduja Renewables Pvt. Ltd

56 EQ April 2018 www.EQMagPro.com ELECTRIC VEHICLES

Electric Vehicle Charging Stations The EV chargers can be AC or DC type. • The AC chargers (home) generally comes with 1.5/3 KW capacity • The DC charging can be categorised as . The Level 1 charges from 10 kW to 15KW with output voltage up to 72 Volt. . The Level 2 charges from 30 kW to 150KW with max out put voltage up to 1000 Volt.TheLevel 2 can be further segmented into fast charger for capacity above 50KW range.

The architecture for the whole EV infrastructure as shown below

EV – Electric Vehicle, EVSE – Electric vehicle supply equipment, CMS – Central monitoring system

3. EV Charging Stations vs. Vehicle Matrix

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4.Regulatory framework for EV: CERC Proposed Business Model: CERC has approved 3 business models viable within the framework of the Electricity Act 2003. 1. Battery Swapping model where Company own the battery, charge them and swap with discharged one.

Battery Swapping Flow Chart State/Government Initiative & Announcements: 2. PPP franchisee model • In Karnataka, Bangalore Electricity Supply Company (Bescom) plans to install 10 charging where companies can station in Bangalore partner with electricity • Bescom has proposed a ‘Time of Day tariff’ system under which motorists can be charged at Rs. distribution companies. 4.5 per unit during day time and Rs. 4 at night. (click to view) 3. Electricity distribution • Maharashtra government recently announced tax sops for purchases, manufacturing of EV’s companies in state can and setting up of charging infrastructure. (click to view) establish charging infra- • The Southern and Eastern Power Distribution Companies of Andhra Pradesh (A.P) has pro- structure with tariff under posed a power tariff of 6.95 per unit for electric vehicles (Click to view) special category. • Based on recent announcement all government offices will using EV’s by 2020

5. Standardization of Charging protocols:

The Ministry of Heavy Industries & Public Enterprises has issues standard protocol for charging infrastructure.At present only two charger specifications are released Bharat EV AC Charger (BEVC – AC001) &Bharat EV DC Charger (BEVC – DC001)

A. Bharat EV AC Charger (BEVC-AC001)

Sr. No. Parameter Requirement General Requirements 1 EVSE Type AC 2 Energy Transfer Mode Conductive Input Requirements 1 AC Supply System Three-Phase, 5 Wire AC system (3Ph.+N+PE) 2 Nominal Input voltage 415V (+6% and -10%) as per IS 12360 3 Input Frequency 50Hz, ±1.5Hz 4 Input Supply Failure backup Battery backup for minimum 1 hour for the control system and billing unit. Data logs should be synchronized with CMS during back up time, in case battery drains out. Environmental Requirements 1 Ambient Temperature Range 0 to 55°C 2 Ambient Humidity 5 to 95% 3 Ambient Pressure 86 kpa to 106 kpa 4 Storage temperature 0 to 60°C Mechanical Requirements 1 Suggested Cable Security PMAO and the vehicle connector outlet to have provision for locking mechanism during charging to ensure the safety of the cable 2 Mechanical Stability Shall not be damaged by mechanical impact energy: 20 J (5 kg at 0.4 m) 3 IP Ratings IP 54 4 Cooling Air cooled or forced air cooled to protect the equipment against temperature hazards

58 EQ April 2018 www.EQMagPro.com ELECTRIC VEHICLES

Sr. No. Parameter Requirement Output Requirements 1 Number of outputs 3 2 Type of each output 230V (+6% and -10%) single phase, 15A as per IS 12360A.C. 3 Output Details 3 Independent charging sockets 4 Output Current Three Vehicles charging simultaneously, each at 15A current 5 Output Connector Compatibility IEC 60309 6 Limiting output current Circuit breaker for each outlet limited to 15A current output. Breaker should be reset to resume operation 7 Connector Mounting Angled connector mounted looking downwards for outdoor use 8 Isolation Between Input & Output; Between all outlets with proper insulation User Interface & Display Requirements 1 ON- OFF (Start-Stop) switches Simple Push button type 2 Emergency stop switch Mushroom headed Push button type (Red colour) 3 Visual Indicators Error indication, Presence of input supply indication, Charge process indication and other relevant information 4 Display & touch-screen size Minimum 6 inches with 720 x 480 pixels EVSE should display appropriate messages for user during the various charging states like • Vehicle plugged in / Vehicle plugged out 5 Display Messages • Idle / Charging in progress - SOC • Fault conditions; metering: unit’s consumption; Duration since start of charge, Time to charge, kWh 6 User Authentication Using mobile application or User interface (OCPP gives only a field mandate, media to be used is open) 7 Metering Information Consumption Units Billing & Payment Requirements 1 Metering Metering as per units’ consumption for charging each vehicle 2 Billing Grid responsive billing 3 Payment BHIM and Bharat QR compliant mobile application payment Communication Requirements 1 Communication between EVSE and Open Charge Point Protocol (OCPP) 1.5 protocol. Central Server Should be upgradable to next version of OCPP whenever it is released including OCPP 2.0 which is a draft version now Should enable handshaking between EVSE and CMS for discovery. It should authorize the operation, before electric vehicle can start or stop charging. EVSE should respond to CMS for various queries and commands like reservation, cancellation. 2 Metering Grid responsive metering as per units’ consumption of each vehicle 3 Interface between charger and central Reliable Internet Connectivity management system(CMS) Protection & Safety Requirements 1 Safety Parameters Safety and protection to be ensured for India specific environment (As per AIS 138 Part1) 2 Start of Charging The outlet will be locked and covered, the connector will be exposed to charging only after user authentication using user interface or mobile application. Only when the lock opens and connector is properly connected, the switch/relay will turn ON to feed power to EV. Lock will be opened only after full charging and authentication by user or the operator. Once disconnected, the charging session terminates 3 Power failure If there is a power failure, user is indicated about this. The charging resumes when power comes on. If the user wants to terminate the session during power failure, the user can shut-off the switch and remove the plug 4 Interruption of Charging O Connector terminals to be mounted with temperature sensors to avoid burning of connectors. Safety mechanism to trigger switching off the charging at temp.>80°C.In such situation, an appropriate signal will be sent to turn the switch/relay OFF to stop the charging. Once disconnected, the charging session terminates. O If the above locking mechanism is mandated then the following point won't be required: If plug is taken out (for more than 2 seconds) and then reinserted for charging, the charging- session will disconnect. A new session will be required to continue charging to ensure that no one can remove a vehicle being charged and insert their own cable and use the infrastructure without paying or at someone else’s account

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Connector Details: Connector Details:

EVSE Plug EVSE Socket

Pin Details

B. Bharat EV DC Charger (BEVC-DC001)

Sr. No. Parameter Requirement General Requirements 1 EVSE Type Dual-connector DC EVSE 2 Energy Transfer Mode Conductive 3 Charging mode Mode 4 4 Reliability and Serviceability Modularity, self-diagnostic features, fault codes and easy serviceability in the field System Structure 1 Regulation Method Regulated d.c EV charging station with combination of CVC or CCC but not simultaneously 2 Isolation Each output isolated from each other with proper insulation 3 Environmental conditions Outdoor use 4 Power supply d.c. EV charging station connected to a.c. mains 5 DC output voltage rating Up to and including 100 V 6 Charge control communication Communicate by digital and analog signals 7 Interface inter-operability Inter-operable with any EV(non-dedicated, can be used by any consumer) 8 Operator Operated by a trained person or EV Owner Input Requirements 1 AC Supply System 3-Phase, 5 Wire AC system (3Ph+N+E) 2 Nominal Input voltage 3Ø, 415V (+6% and -10%) as per IS 12360 3 Input Frequency 50Hz, ±1.5Hz 4 Supply side AC Connector for Input IEC 62196 Type 2 5 Input Supply Failure backup Battery backup for minimum 1 hour for control system and billing unit, to enable activities such as billing, to be provided. Output Requirements 1 Output Details Suitable for 48V and 72V vehicle battery configuration 2 Charger Configuration Types i. Type 1: Single vehicle charging at 48V or 72V with a maximum of 10kW power, or a 2W vehicle charging at 48V with maximum power of 3.3 kW. ii. Type 2 : Single vehicle charging at 48V with a maximum of 10kW power or 72V with a maximum of 15 kW power or a 2W vehicle charging at 48V with maximum power of 3.3 kW. 3 Output Current 200 Amp Max 4 Number of Outputs 2 5 Output Connectors 2 output connectors 6 Output Connector Compatibility one connector with GB/T 20234.3 + 1 connectors to be defined 7 Converter Efficiency > 92 % at nominal output power 8 Power factor ≥ 0.90 (Full load)

60 EQ April 2018 www.EQMagPro.com ELECTRIC VEHICLES

Sr. No. Parameter Requirement Cable Requirements 1 Charging Cable Length 5 Meter, Straight Cable 2 Cable Type Charging cable and connector permanently attached to DC FC Environmental Requirements 1 Ambient Temperature Range 0°C to 55°C 2 Ambient Humidity 5 to 95% 3 Ambient Pressure 86 kpa to 106 kpa 4 Storage Temperature 0 to 60°C Mechanical Requirements 1 Ingress Protection IP 54 2 Mechanical Stability Shall not be damaged by mechanical impact as defined in Section 11.11.2 of IEC 61851-1 3 Cooling Air Cooled 4 Mechanical Impact Shall not be damaged by mechanical impact as defined in Section 11.11.3 of IEC 61851-1 5 Dimension(W*H*D)/Weight To be decided e.g W*H*D mm, xxx Kg User Interface & Display Requirements 1 ON- OFF (Start-Stop) switches Simple Push button type 2 Emergency stop switch Simple Push button type in Red Color 3 Visual Indicators Error indication, Presence of input supply indication, State of charge process indication 4 Display Minimum 6 inches with 720 x 480 pixels TFT LCD Touch Screen 5 Support Language English 6 Display Messages EVSE should display appropriate messages for user during the various charging states like: • Vehicle plugged in / Vehicle plugged out. • Duration since start of charge, Time to charge, kWh. • User authorization status. • Idle / Charging in progress: SOC. • Fault conditions. • Metering Information: Consumption Units 7 Authentication As per OCPP (through mobile application or card reader) Performance Requirements 1 DC Output voltage and current toler- DC Output current regulation in Constant Current Charging (CCC): ± 2.5 A for the ance requirement below 50 A, and ± 5 % of the required value for 50 A or more DC Output voltage regulation in Constant Voltage Charging (CVC): Max. 2 % for the max rated voltage of the EVSE 2 Control delay of charging current in DC output current Demand Response Time: <1 s Ramp up rate: 20 A/s or more Ramp CCC Down rate: 100 A/s or more 3 Descending rate of charging current EVSE should be able to reduce DC current with the descending rate of 100 A/s or more 4 Periodic and random deviation (cur- DC output current ripple limit of EVSE: 1.5 A below 10 Hz, 6 A below 5kHz, 9A below rent ripple) 150 kHz 5 Periodic and random deviation (volt- Max. ripple voltage: ±5 V. Max slew rate: ±20 V/ms age ripple) Communication Requirements 1 Communication between EVSE and CAN based as per IEC 61851-24 Vehicle 2 Communication interface between Ethernet(Standard), Wi-Fi charger and central management system(CMS) 3 Communication between EVSE and Open Charge Point Protocol (OCPP) 1.5 protocol. Should be upgradable to next Central Server version of OCPP whenever it is released including OCPP2.0 which is a draft version now Should enable handshaking between EVSE and CMS for discovery. It should authorize the operation, before electric vehicle can start or stop charging. EVSE should respond to CMS for various queries and commands like reservation, cancellation. Metering: Grid responsive metering Billing Requirements 1 Billing Grid responsive metering 2 Payment BHIM and Bharat QR compliant mobile application payment Protection & Safety Requirements 1 Safety Parameters Over current, under voltage, over voltage, Residual current, Surge protection, Short circuit, Earth fault at input and output, Input phase reversal, Prevention of vehicle movement during charging, Emergency shutdown with alarm, Over temperature, Protection against electric shock

www.EQMagPro.com EQ April 2018 61 ELECTRIC VEHICLES

A. Level 1 – Non-Networked EV Charging Stations

Selection of EV Charging Station The suitability of charging station at particular location depends on the charging requirements.As shown by the charging pyramid, most vehicles will charge at home (single- or multi-family) for the majority of the time. However, EV drivers also seek public charging infrastructure to use at work, around town, and on longer trips. Many of these chargers come with an option to purchase a subscription to a charging network that can collect payments from users and limits use of the station to charging network members.

C. Level 2 – Networked EV Charging Stations

Level 2 charging stations are a popular choice for commercial public installations because they typically offer better durability and more features, such as a cord management system that keeps the cord off the ground when not in use and network connections for tracking use, establishing payments, or making reservations. Listed below are networked Level 2 stations that offer valuable features, but the stations are more expensive because of this capability and require a subscription fee for the owner. There are non-networked Level 2 charging station models available as shown in below Table, but they cannot collect payments from the users or monitor station activity.

62 EQ April 2018 www.EQMagPro.com ELECTRIC VEHICLES

7.Decision Flowchart for Charging Stations Installation: 8. Techno commercial issues to be addressed: • The right Business model to enter into the segment? Swapping or PPP? • The right electricity mix and tariffs. • Are Indian grids ready for EVs and can meet the demand diversity if Indians start charging cars at some particular time where tariffs are low. • On an average how often in a day will the driver swap/charge the batteries? (2 times, 3 times?) • Charging or Swapping? What should be the right mix? • Impact on investment of charging station provider if wireless charging becomes a reality in near future. • On an average how many Kms will the e-vehicle travel in one hour given the traffic density? • How much will the driver charge the passenger for one km of travel? • In case of swapping, If the driver con- fesses to having the battery charged through a non-authorized source, what tools do we have at our disposal to recover the lost revenue? • In case of swapping, what if the driver sells off the battery in a secondary market and flees away? Can we really afford to spend resources on recovering the lost batteries? • What type of motor (in terms of HP) will the e-vehicle use? • Where are we going to install the GPS system, batteries or vehicles? • And more…

www.EQMagPro.com EQ April 2018 63 ELECTRIC VEHICLES

How Battery Storage Can Help Charge The Electric-Vehicle Market

People are reluctant to buy electric vehicles because of concerns about charging. But public, fast-charging infrastructure is not yet widely available or profitable. There is a way to resolve that conundrum.

Electric vehicles are beginning to win considerable attention but are still rarely sighted on American roads. Through By : Stefan Knupfer, the first half of 2017, fewer than 800,000 battery EVs Jesse Noffsinger, (BEVs) had been sold in the United States, or about 1 per- and Shivika Sahdev cent of all cars.1 But growth has been strong of late due to rising consumer acceptance, improved technology, and supportive regulation. McKinsey estimates that there could be ten to eleven million BEVs on US roads by 2030.

64 EQ April 2018 www.EQMagPro.com

Source: Mahindra Susten Private Limited ELECTRIC VEHICLES

Two Problems, One Solution For this to happen, though, access to There Are Two Major Problems. charging infrastructure must improve. FIRST, there is convenience. Most public charging Although many BEVs stations are “Level 2,” meaning that they deliver 7 are charged at home, to 19 kilowatt-hours (kWhs) of energy every hour public charging is (think of kWhs as equivalent to gallons of gas).5 A necessary for owners BEV sedan with a 60-kWh battery would take five to who are travelling ten hours to “fill up” at a conventional (as opposed to or if they don’t own fast-charging) Level 2 station. Having so few stations and such long service times turns off would-be buy- homes with garages. ers (Exhibit 1).

Right now, there SECOND, there are the economics. Although are only about direct-current fast-charging (DCFC) stations with 16,000 public 150 kilowatts of power can fill up a BEV sedan in charging stations about 30 minutes, they can cost up to $150,000 in the United to install; a 50-kilowatt DCFC station can cost States; there are $50,000. The kilowatt number refers to the maximum amount of energy that can be drawn every seven times as hour; a higher kilowatt delivers more electricity many gas stations. faster. DCFC stations are also expensive to run.

Fewer than 2,000 of {these are fast charg- { ing stations because those are expensive and currently unprofitable with too few transactions to break even. It is a clas- sic chicken-or-egg situation. People will be reluctant to buy a BEV if they worry that it will run out of juice. But unless more BEVs are sold, the charging infrastructure will not be built to serve them. ne reason behind the expense is “demand charge” (see sidebar, “What are demand Ocharges?”). All electricity customers pay for the energy they consume, as measured in kWh; this charge is like paying for gallons of water used. Nonresidential customers, including charging stations, also pay a demand charge for the maximum amount of energy used in any 15- to-30-minute period in a month. Measured in kilowatts (kW), a unit of power, this charge is like paying for overhead. It is assessed to recoup the fixed costs for power plants, power lines, transformers, and so on that connect customers to the grid and supply power even at times of high demand. Demand charges account for a significant fraction of consumers’ electric bills and can make EV-charging stations unprofitable (Exhibit 2).

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ere is a hypothetical situation. A DCFC Hstation has four 150-kilowatt chargers. In an average month, two or three cars a day show up to charge, none at the same time. Each car uses energy at a rate of 150 kilowatts and charges for at least 15 minutes; the peak is therefore 150 kilowatts for that month. If two cars showed up during the same 15 minutes, though, the peak energy used would be 300 kilowatts, which would double the demand charge for the month.

emand charges can be as little as $2 per Dkilowatt all the way to $90 per kilowatt6; paradoxi- cally, they tend to be higher in states where BEVs are more popular, such as California, Massachusetts, and New York. In a high-charge state, with no cars charging at the same time, the monthly demand charge could be $3,000 to $4,500. For the BEV owner, that could translate into $30 to $50 per session, plus the cost of the actual energy. Cus- tomers just will not pay that. Clearly, if there were more customers, the cost per session would fall. But because current costs are so high, investors have been slow to build stations, and because there are not enough charging stations, consumers have been slow to buy BEVs.

here is a way to resolve this conundrum: stationary battery storage (Exhibit 3). On-site batteries can charge and discharge using direct current (DC) and connect to the grid Tthrough a large inverter. They can then charge from the grid at times when costs are lower, store the power, and release it when demand is higher (a practice known as peak shaving). When a car arrives, the battery can deliver electricity at 150 kilowatts without drawing power from the grid. If two vehicles arrive, one can get power from the battery and the other from the grid. In either case, the economics improve because the cost of both the electricity itself and the demand charges are greatly reduced.

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battery with a 300-kWh capacity can manage the peak demand Athrough several two-vehicle charges and recharge in between, thus keep- In addition, the costs of ing peak demand below 150 kilowatts. A batteries are decreasing, system configured this way could reduce from $1,000 per kWh in demand charges to a minimum; that would 2010 to $230 per kWh in be $3,000 a month that would not need to 2016, according to McK- be passed on to consumers, which would insey research.7 So are substantially cut costs. Tesla has already the costs of the rest of said it is going in this direction, and others the system, such as the in- may “follow suit.” verter, container, software and controls, site design, hen and if BEVs hit the roads in construction, and connec- high numbers, batteries will no tion to the grid. Wlonger be able to reduce peak Here is how it could work. demand efficiently because there will not A station owner installs a be enough time to recharge them as cars battery system capable of queue up for power. At this point, though, charging and discharging at economies of scale will kick in, and the a power of 150 kilowatts and demand charge will be absorbed by the builds in 300 kWh of battery many cars coming through the station. cells to hold the energy. When no vehicles are present, the hat does not mean that on-site battery system charges up to batteries will become obsolete. ensure that energy is avail- TThey can still be a source of value. able and does not trigger a Where costs vary widely by the hour, such higher demand charge. When as in California, batteries can reduce the a car arrives, the stationary per-kilowatt-hour cost of electricity. They battery delivers the needed can also generate revenue by providing juice without calling on the additional grid services such as frequency grid. When two vehicles come regulation and demand response. in, the battery could provide power to one and the grid here is considerable optimism could provide power to the about EVs, and for good reason, giv- other. Ten rising concerns about the environment, volatility in oil prices, and falling costs. McKinsey estimates that EVs, which now account for less than 1 percent of the global fleet, could hit 20 percent by 2030 (for cars) and 12 percent (for commercial vehicles).

ut these are hypothetical scenarios. In reality, it is consumers who will Bultimately decide the destiny of EVs. Accustomed to the ease of conventional cars, they want the same from EVs. For that to happen, charging must become cheaper and easier. By helping cut operating costs, enhance revenues, and improve reliability, battery storage could play a crucial role in this evolution.

Source: mckinsey

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Yes Bank Study On Importance Of Make In India, Green Release of YES BANK – TERI study Policies And Green ‘Electric Mobility: Achieving a Paradigm Shift’, at World Bonds For Paradigm Sustainable Develop- Shift Of Electric ment Summit 2018 Mobility In India

ES BANK, India’s fourth largest private sector bank partnered TERI (The Energy and Y Resources Institute) as Banking Partner for the World Sustainable Development Summit (WSDS) 2018 in New Delhi. The joint initiative outlines key findings, including front runners in adoption of Clean Energy, basis ease of scalability and preferred mode of transport, and the onvergence of the ‘Make in India’ initiative together with Green policy interventions and Green bonds to make EV a transport reality in India. This is in line with the Government’s ambitious target of achieving 100% electrification of transport by 2030.

L – R: Dr. Ajay Mathur, Director General, TERI; Rana Kapoor, MD & CEO, YES BANK; Shri Anand Kumar, Secretary, Ministry of New & Renewable Energy; Shri Jayant Sinha, MoS for Civil Aviation; Shri Upendra Tripathy, Interim DG of International Solar Alliance

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Hon’ble PM Shri Narendra Modi delivered the Inaugural Address on February 16 and stressed on re-enforcement of India’s commitment to work towards a sustainable planet, for present and future generations. The PM highlighted India’s steady progress on creating a carbon sink of 2.5-3 bn tonnes of carbon dioxide equivalent by 2030, a mighty feat. As the world’s fastest growing major economy, the PM spoke about India’s immense energy needs, expected to be met by 175 GW Energy from renewable sources, by 2022.

Commenting on this occasion, Rana Kapoor, MD & CEO, YES BANK, said “Electric mobility landscape in India is currently at a nascent stage, with India requiring nearly 8 times the existing global stock of EVs. There is an urgent need to scale creation of an enabling infrastructure. This ambitious target will provide the much required thrust to make Electric Mobility a programmatic reality in the near future.”

he Summit also witnessed participation from role in India’s development. Since its inception Shri H.S. Puri, Minister (IC) for Housing and in 2004, YES BANK through its ‘Responsible Urban Affairs; Shri R.K. Singh, MoS (I/C), Power Banking’ ethos has believed in creating sus- & Renewable Energy; Shri Jayant Sinha, MoS, tained value for its stakeholders, through social, Civil Aviation; Dr. Harsh Vardhan, Union Minis- economic and environmental dimensions. Inte- ter, Ministry of Science & Technology, Ministry of grated with core business strategy, Responsible Environment, amongst a host of other National Banking steers the sustainable development T and International decision makers. agenda at YES BANK through its pathways of YES BANK believes that as a financial institu- Social & Developmental Impact, Climate Action, tion, there is an inherent need to play a leading and Transparency & Disclosures.

Source: yesbank.in

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What a

ill 2017 be remembered as the year teardown when electric vehicles (EVs) made the Wmove to become mass producible? A thought-provoking question for the industry, and reason for McKinsey, in partnership with A2Mac1, a provider of automotive benchmarking of the latest services, to deepen our work in the field. Last year, roughly 1.3 million EVs were sold globally. While this makes up only about 1 percent of total passenger-vehicle sales, it is a 57 percent increase over 2016 sales, and there is little reason to believe Electric this trend will slow down. Established OEMs have announced launches of more than 100 new battery electric vehicle (BEV) models by 2024, further accelerating automotive and mobility trends, potentially growing EVs’ share of total passenger- Vehicles vehicle sales to 30 to 35 percent in major markets like China, Europe, and the U.S. (20 to 25 percent globally)by 2030. Moving away from previous reveals “niche roles” such as high-performance sports or midrange city cars, there will also be a sizable share of midsize and volume-segment vehicles among the many new BEV models. A prominent, about the recently launched example is Tesla’s new Model 3, future with more than 450,000 preorders. of mass- market EVs

McKinsey and A2Mac1 analyzed design choic- es that can help pave the way to profitable mass-market EVs.

By : Antoine Chatelain, Mauro Erriquez, Pierre-Yves Mouliere, and Philip Schafer

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hat will help EVs gain market share is that OEMs he definition of “good” range varies across have reached ranges with their EVs that allow them the globe, depending on geography and Wto focus on reducing price points, for example, by city archetype. But average battery range increasing design efficiency or reducing manufacturing cost seems to have exceeded the expectations in order to become affordable to more customer segments. of the largest customer segments. This, As shown in Exhibit 1, we find that once the average range of combined with a decrease in prices for elec- our set of benchmarked EVs has surpassed 300 kilometers (or tric vehicles, means the market for EVs may 185 miles), OEMs seem to be able to concentrate on entering T be close to a commercial tipping point. lower-price segments while keeping range up. This indicates Whether an EV volume segment is (or will be) profitable for OEMs remains a that the long-awaited EV volume segment—“midsize EVs for burning question for many in the industry. the masses”—may be on the verge of becoming reality. We estimate that many EV models in their base version, and potentially even including options, still may have low contribution margins, especially compared with current internal-combustion-engine (ICE) levels. With profitability in mind, and given the fast pace of technological advancements and new design trends in EVs, McKinsey and A2Mac1 undertook a second benchmarking analysis on trends in electric- vehicle design (see sidebar, “McKinsey and A2Mac1 on trends in electric-vehicle design”). In this article, we describe success factors on the way to profitable serial production of EVs and discuss essential practices for paving the road toward the EV mass market. This includes four high-level commitments to design and development through the lenses of architecture, integration, technology, and cost that can help realize a positive business case for mass- market EVs.

BUILD A NATIVE & INHERENTLY FLEXIBLE ELECTRIC VEHICLE Despite higher up-front investments—in the form of engineering hours, new tooling, and soon—native EV platforms have proved advantageous over non- native models in multiple ways. Designing the vehicle architecture entirely around an EV concept, without combustion-engine legacy elements, means fewer compromises and more flexibility on average (Exhibit 2).

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EXHIBIT 2 WOULD YOU LIKE TO KEEP PUSHING THE BOUNDARIES OF EV POW- LEARN MORE ABOUT ERTRAIN INTEGRATION What a teardown of the lat- THE MCKINSEY CEN- Our benchmarking reveals a continued trend toward est electric vehicles reveals TER FOR FUTURE EV powertrain integration, with many parts of the about the future of mass- MOBILITY? power electronics moving closer together and being market EVs-2 integrated into fewer modules. Yet, as players keep While this may raise the searching for additional design efficiency, one “main- As native EVs have to com- idea that EVs will start stream” EV powertrain design has not yet emerged— promise less, particularly in their moving toward modu- either for overall architecture or for the design of indi- architecture and body in white, lar strategies, as we vidual components. A good indicator of the increased they can accommodate a bigger know them from ICEs, level of integration is the design of the electric cables battery pack, which in turn corre- thereby moving closer connecting the main EV powertrain components (that lates with a higher range. This is to industry-typical mass- is, battery, e-motor, power electronics, and thermal- evidenced by the fact that native production approaches, management modules). When looking at the weight EVs have on average a 25 per- we still do not see a clear and total number of parts for these cables across cent larger battery-pack volume convergence toward one OEMs and their EV models, we observed a decrease (relative to body in white volume) standard in design solu- in both cable weight and the number of parts in the compared with non-native EVs. tions. Players will need to OEMs’ latest models compared with earlier vehicles, One reason is that the body stay agile on their way to which reflects the higher integration of more recent structure can be fit around the mass-market EVs. EV powertrain systems (Exhibit 3). battery pack and does not have to be integrated in an existing architecture. This additional free- EXHIBIT 3 dom in design typically resulting in larger batteries also leads to other potential advantages such as higher ranges, more power, or faster charging. Further, as battery technology evolves quickly, allowing the new- est EVs to have ranges which are not a bottleneck anymore, we see early indications that EVs are moving toward practices common in mass-market ICEs, for instance, offering powertrain options. The inherent flexibility of native EVs plays an important role in this as well. For example, battery packs can house a vary- ing number of active cells while keeping the same outer shape and variable drivetrain technologies can allow players to produce rear-wheel, front-wheel, and all- wheel drive on a single platform.

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EXHIBIT4

In addition to the physical integration of main EV powertrain components, we also observed a move toward more simple and efficient thermal-management solutions across said components. However, while some OEMs are on a consolidation charge here too, others still rely on multiple systems, and we do not see a clear convergence of designs yet (Exhibit 4).

EXHIBIT5

Beyond the fact that technology is still maturing, the EV powertrain design variety may also be aided by its intrinsic, higher level of flexibility, as the components are generally smaller and the degrees of freedom based on available space in the underbody and front and rear compartments are higher than for ICE powertrains. To give just one example of different EV powertrain architectures: the Opel Ampera-e seems to leverage an ICE-like positioning of its powertrain electronics, including ICE-typical body and axle components, whereas the Tesla Model 3 integrated most components on the rear of its battery pack and the rear axle directly (Exhibit 5).

It is worth pointing out that such freedom in the therefore might identify further opportunities in high- positioning of components also gives more flexibility level integration of their EV powertrain systems. Doing in overall features offered, for example, choosing to so could help them capture potential benefits, such have room for a bigger trunk or to offer superior driving as reduced complexity in development, lower material performance due to a lower center of gravity. In their and assembly costs, and weight and energy-efficiency ongoing pursuit of mass marketability, EV players improvements.

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STAY AHEAD IN THE TECHNOLOGY GAME APPLY DESIGN-TO-COST LEVER

McKinsey research has shown that many electric-vehicle Achieving profitability is still a struggle for EVs, es- customers are very tech savvy. At the same time, new pecially due to high powertrain cost. Since OEMs seem technologies are largely getting mature enough to be put to have reached acceptable ranges by now, rigorous to practice. This creates a great testing field for the new design to cost (DTC) will become more important to pave technologies that OEMs and other players hope to push the road for EVs to successfully enter the mass market. into cars. But it also almost obligates EV manufacturers That is, it could help achieve an attractive price point, to equip their vehicles with the highest levels of technol- while not jeopardizing margins for the OEM. ogy around advanced-driver-assistance systems (ADAS), Cost efficiency seems to be the home turf of estab- connectivity, and other trends that are redefining the driver lished OEMs and suppliers, who may be in the best experience and travel strategies. Next to increasingly position to leverage their experience and knowledge in introducing ADAS technologies, OEMs meet the needs of traditional DTC levers (Exhibit 7). their EV customers by enhancing the user interface and infotainment systems. Specifically, they are increasingly integrating the control of a wide range of interior functions into a more central, “smartphone-like” user interface (HMI). For example, controls move from buttons to continuously growing touch screens—a concept that was first tried in a few models from US car manufacturers in the late 1980s and now seems to have reached sufficient levels of technological maturity and customer interest. We observed EVs in our benchmark that have as few as seven physical buttons in the interior, compared with 50 to 60 in many standard ICEs. A key enabler of such advancements is the rapid rise in computing power. While traditional cars often show many decentralized and standardized electronic control units (ECUs), the latest EVs seem to rely on ever growing and increasingly centralized computing power. ADAS technology, for example, requires a lot of computing power for the real-time signal processing of the various sensors. When putting the latest ADAS solutions—such as adaptive cruise control, autonomous braking, and potentially even autonomous driving capability—in the context of increased ECU centralization, it seems that EVs equipped with such ADAS technology further drive consolidation of ECUs in comparison to equally or less ADAS-equipped ICEs or EVs (Exhibit 6). An OEM’s decision for a centralized or decentralized ECU architecture can be a strategic question and Therefore, it may come as little surprise that ICEs and will be driven by different factors. One reason for a central- non-native EVs seem to be more proficient in DTC than ized approach may be the choice to “own” a key control native EVs due to the makers’ track record of continuous point in the vehicle by becoming an integrator, which could cost optimization and the possibility to carry over highly facilitate advanced software development and potentially optimized components from previous models. open up new revenue streams, for example, from over-the- Yet the latest native EVs may be able to quickly catch air updates. up. For example, because of advantages in battery-pack Besides strategic considerations, the ECU archi- advancements, native EVs now appear to switch from tecture may also affect weight and cost. For example, lightweight to more cost-efficient material solutions, such centralization may optimize wiring and sourcing efficiency as steel elements in the body in white. They also seem via increased bundling. Because they require simpler to apply more rigorous despecification and decontenting protocols and fewer connections compared with multiple, (for example, in controls and air vents on the instrument decentralized ECUs—thereby also reducing the number panel) and to invest in mass-production processes, such of operations that could go wrong—centralized ECUs can as high-strength stamped steel instead of bent-pipe seat- increase reliability. On the development side, more ECUs structure designs. also mean more teams who must collaborate and commu- As the move toward the mass market continues, EV nicate efficiently to ensure quality across systems. Fewer experiments are increasingly becoming a serial-produc- teams and simplified processes can result from centralizing tion game. Nontraditional OEMs will likely study the DTC ECUs, and this simplification can lead to shorter develop- practices of traditional OEMs, for example, including ment cycles. Further, central, high-power ECUs could be sourcing industry-standard parts, to identify better ways the backbone for developing fully autonomous driving, to close the gap in cost performance and thus increase thereby equipping EVs to be ready for future mass-market their profit margins from the product-cost side. Nonethe- characteristics and potential customer expectations. Ulti- less, achieving a superior cost performance might still be mately, however, the ECU architecture choice will depend a competitive advantage for established OEMs and thus on the OEMs’ individual strategy, and as centralization may comprises an opportunity to step up against potential require significantly building up additional skills in-house, it new market entrants. will always be an individual business-case decision.

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• OUTLOOK: CAN OEMS MAKE MONEY IN THE VOLUME EV MARKET?

• Most recently, EVs have gained a significant share in the new product announcements of many OEMs. At the same time, EV models individually have not yet offered much in the way of contributing to overall profitability compared with ICEs. As the global market share of EVs inevitably grows, their margins increasingly move into focus. • Taking the four steps in EV design outlined in this article into consideration may help OEMs to reduce the higher manufacturing costs (including materials, production, and final assembly) of EVs. With a focus on simpler and more flexible platforms, along with a fresh approach to technology and design, we believe that a positive mass-market business case for EVs may exist. • In fact, based on our analysis, the delta from total manufacturing cost to list price for sufficiently well-equipped (including hardware and software options such as nonstandard color, range extension, and different software set- tings), midsize EVs could potentially reach a level of 40 to 50 percent. While powertrain-independent components and final assembly appear similar in their cost structure to ICEs, major cost drivers still lie in the EV powertrain itself and in related uncer- tainties in the development of battery cost. • This also highlights that for an overall attractive business case, additional measures—for example, in optimiz- ing the offering logic and channel strategy—will still be necessary. In summary, we may see an era of profitable mass-market EVs on the horizon, driven by design trends toward flexibility, integration, and simplification that maximizes customer value, and under the clear governance of cost efficiency for mass producibility. • As noted earlier, this publication presents only consolidated findings— detailed insights from our work are available upon request but would exceed the scope of this article. Source: mckinsey

www.EQMagPro.com EQ April 2018 75 ROOFTOP & OFFGRID Scaling up Rooftop Solar Power in India: The Potential of Solar Municipal Bonds By : Saurabh Trivedi ndia has set an ambitious renewable energy target of 175 GW by 2022, in- I cluding 100GW of solar power. Of that, the government aims for 60 GW to be utility-scale solar, and the rest to be rooftop solar.

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hough India has made significant progress However, the third-party financing model has had on the 60 GW utility-scale solar target, get- limited success due to inadequate availability of debt ting to the 40 GW rooftop solar target will be capital for project developers. This lack of availability is a significant undertaking. As of December driven by various factors, including: limited avenues of 2016, installed capacity of rooftop solar was raising debt capital, already stressed commercial banks Tonly in 1.25 GW, which means that in 6 GW in India, concerns on the credit quality of the developer, would need to be installed every year to limited long-term capital opportunities for Indian finan- reach the 40 GW target by 2022. Filling this cial institutions with regard to rooftop solar, and small gap between the current installment and the ticket size of investments leading to high transaction 40 GW goal will require an estimated USD costs. 39 billion (INR 3 trillion). This paper—produced in collaboration between Climate Policy Initiative (CPI), Municipal financing, via issuance of mu- Stockholm Environment Institute (SEI), and nicipal bonds, has the potential to increase Indian Council for Research on International Economic Relations (ICRIER), and funded debt availability for rooftop solar project by the Swedish Energy Agency as part of its developers and lower rooftop solar costs support for the New Climate Economy project—proposes the use of municipal bonds up to 12%. to support the scale-up of rooftop solar in India, and details how such bonds could be In the proposed model, which we are calling designed and implemented. “solar municipal bond model” (SMB), a municipal The adoption of rooftop solar is primar- entity would play the role of a finance aggrega- ily driven by expected savings in electricity tor for renewable energy project developers. costs, the need for an alternative source Funds available through a municipal bond would of electricity, and the desire to mit- igate be disbursed to project developers via a Public climate change risk. However, three key Private Partnership (PPP) approach, similar to the barriers hinder the growth of this technology Design-Build-Finance and Operate (DBFO) model in India: high upfront capital expenditure, with the financing activity taken care by municipal perceived performance risk, and limited ac- corporation or corporate municipal entity (CME). cess to debt capital. To address the first two By aggregating projects, this model would allow a issues, CPI has previously advocated for a project developer to access the debt capital mar- third- party financing model. kets otherwise difficult to access.

Municipalities have several market advantages Innovative transaction structures would be in their potential role as finance aggregators for required tofacilitate the role of municipalities as rooftop solar: finance aggre-gators. A particularly attractive struc- • Institutional goals and mandates. Municipali- ture (Figure ES-1) is where a municipality-owned ties have target-based responsibili- ties to increase master special purpose vehicle (SPV) or a corpo- renewable energy deployment under the Solar rate municipal entity (CME) would raise the bonds City Program, so they have a built-in incentive to and disburse the proceeds of these bonds to SPVs increase rooftop solar. owned by project developers via capital lease arrangements. In our paper, we also provide a detailed • Compared to Access to debt capital markets. roadmap for municipalities to deploy the proposed rooftop solar developers, municipalities are in a bet- model. ter position to access the debt capital market due to The SMB model shows considerable promise their larger balance sheets. based on its application to Surat and New Delhi.For • Superior credit profiles. More than half of the rated Surat and New Delhi, rooftop solar potential is 727 municipalities – 94 in total - are investment grade MW with a capital requirement of INR 38.5 billion (i.e. BBB- or above); whereas almost all rooftop and 110 MW with a capital requirement of INR 6 developers are below investment grade. The better billion respectively. By reducing the cost of rooftop credit profile of municipalities compared with project solar by up to 12%, a municipal bond would not only developers can help in raising debt capital at lower make rooftop solar competitive with existing tariffs, costs. but also provide the much needed additional debt • Access to public guarantees. Compared to private capital. project developers, municipalities (as public entities) Apart from reduction in the cost of financing, a so- have relatively better access to public guarantees lar municipal bond also has the potential to mobilize that are typically required to achieve the risk-reduc- the significant untapped investment into the rooftop tion necessary to attract institutional investment. solar sector, for example, from domestic institutional • Diverse revenue sources. Municipalities have inves-tors, which, according to a previous CPI study multiple sources of revenues (e.g. property taxes), has an untapped investment potential of USD 56 bil- which can provide additional security to investors. lion in debt for renewable energy. Issuing municipal bond for solar will also help in building municipali- • Good consumer engagement. Given municipali- ties’ capacity to access the debt capital markets, ties’ relatively good proximity ith the consumers, and utilize an innova-tive transaction structure for the government can quickly facilitate rooftop solar other projects. project aggregation.

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Despite its promise, implementation barriers remain, the success of the model. which are described below in the order of how critical • Municipalities are required to provide minimum eq- they are: uity contribution of 20% of the project cost: Accord- • There is no statutory mandate for municipal corpo- ing to Section 12 (5) of SEBI’s Regulations,3 munici- rations to promote electricity generation: The mu- palities would need to provide 20% of project costs as nicipal functions listed under the 12th Schedule of the equity. Since most municipalities are struggling to meet 74th Constitutional Amendment do not include power the investment demand for basic infrastructure services, generation. Though Municipal Corporations would play this regulation will be hard to meet. limited roles as financiers in the proposed model, this • Absence of supporting regulations will hinder mu- may prove to be the most significant barrier. nicipal corporations to act as a financial company: • Solar municipal bonds would need to achieve high In the proposed transaction structure, proceeds of the credit ratings: India’s debt capital market is relatively bond would be disbursed to projects via capital lease shallow, as it fails to attract enough investors if the arrangements. Since capital leases are mostly executed credit rating of the bond is below AA or A+. Hence, high by financial entities, in the absence of any specific credit ratings of the municipal bonds would be critical to regulation, municipalities might be reluctant to act as the finance aggregators. • Reluctance of Mu- nicipal Corporation to issue bonds: Successful issuance of municipal bond warrants transparency and due diligence in project management and accounting practices of municipal corporations. Many municipal corporations have serious shortcomings on these fronts and have to revamp their current practices before bond issuances. • High transaction cost: One potential downside of the proposed model is that transaction costs could be higher than either self-ownership or third party financing models, mainly due to the novelty of the approach. Figure ES-1: Transaction Structure to raise Municipal Bond for Rooftop Solar Financing

his paper, therefore, recom ends several fo- Tcused interventions to address these barriers. Table ES-2 focuses on solutions/recommendations for the most critical barriers, as well as their potential impact and feasibility. Impact is the ability of the proposed recommendation to address the challenge, and feasibility is the likelihood of implementation for the recommendation. he proposed SMB model, though radical and Tfuturistic, could be crucial if India wants to achieve its rooftop solar target by 2022. If we are able to successfully address the barriers highlighted in the above table, it will not only help rooftop solar to scale up its growth, but also help municipal corporations to use the similar structure for other priority infrastructure projects. ext steps include further analysis in future Nwork, particularly on an appropriate incentive mechanism to involve municipal corporations to act as financiers for private projects, which this study does not cover. Table ES-2: Summary of Barriers and Potential Solutions to improve the feasibility of the proposed model Source: climatepolicyinitiative.org

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Commenting on the announcement, Mr Gagan MYSUN Commissions Vermani, the Founder & amp; CEO of MYSUN remarked, “We are a 231 kW Industrial delighted to have commissioned this project in a record time in Gurugram. Rooftop Solar Project This solar system has been designed to not only work with the grid but also with the existing Diesel Generators through an Energy Management System so as to in Gurugram, Haryana maximise the savings for the customer.” Mr Vermani added, “At MYSUN we are dedicated and committed to bringing The Delhi/NCR based rooftop solar focussed company, the best customer experience not just to MYSUN, is already working on several projects across Delhi/ larger projects like this but to each and NCR, Rajasthan and Uttar Pradesh in Residential, Commer- every project we execute. The focus is to cial & Industrial categories ensure the highest possible ROI for the customer over the lifecycle of the solar system.” YSUN, India’s leading rooftop solar platform focused on providing end-to- end solar solutions, has announced Mr. Rajesh Chadha, the the commissioning of an industrial rooftop solar project Managing Director of for ‘Update Prints (India)’, a household name in high- Mtech label printing. The project, 231 kW in capacity, is Update Prints said, spread across an area of 2446 square meter. The grid- “We are excited to tied solar system is installed with Net-Metering to ensure have started reaping maximum savings. Keeping in line with its promise of the benefits of solar using only top tier equipment for the highest reliability energy and expect to and longevity, the plant features top of the spec equip- significantly reduce our ment. MYSUN also announced that it was able to com- monthly electricity bills. With this well- mission the project before the committed deadline. The rooftop, located in Gurugram, Haryana is an engineered and premium quality solar industrial site which sees a monthly electricity bill of system installed by MYSUN, we are close to Rs 4 lakh, putting it in the tariff band of Rs 8.62 sure to save more than Rs 7 crore over per unit. Update Prints will be saving up to at least 90% the next 25 years in electricity costs. on its monthly bills by installing the solar system, which We are also very proud to have been will generate close to 3.5 lakh units per year. able to make our contribution towards a cleaner environment.”

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FTC Solar launches SunDAT Essential and releases a license model specific to the India market Advanced solar design and optimization software for SketchUp

TC Solar, Inc. announced the launch of a new version of SunDAT for the India solar market called SunDAT Essential. The new version of the software aims to put the power of SunDAT, a 3D solar design automation and optimization platform, in the hands of all “In SunDAT Essential we’ve India-based solar designers and engineers. created a tool kit with ev- F SunDAT can now be purchased in three erything that solar designers subscription formats, Essential, Standard and Pro, each with a subscription model need to quickly generate optimized structured specifically for the India market. system designs for sites under 1 MW DC,” said SunDAT Essential enables users to quick- Avinash Srinivasan, Software Engineering ly optimize solar designs for rooftops, ground mounts and canopy systems. SunDAT’s lay- Manager at FTC Solar. “The best part is that we out algorithm iterates through multiple design can offer this version of SunDAT specifically to scenarios using a 3D model of the project the India solar industry at a competitive cost.” site in SketchUp. The Essential version of SunDAT limits models to a 1MW DC system size, however the Standard and Pro versions have no system size limits. SunDAT Essential includes several key features necessary for solar design optimiza- “Our team received very position including module layout, shading analy- tive feedback about SunDAT sis and energy modeling/analysis (powered from the attendees at Interso- by NREL SAM). Additional features in the Standard and Pro versions include single- lar India in Mumbai last Decem- line diagram generation, slope/topography ber,” said Andrew Morse, Director analysis, DC electrical design and many of Software at FTC Solar. “The launch more tools that enable solar designers and engineers to further optimize PV design. of SunDAT Essential and the changes in our license strategy for our Standard and Pro subscriptions represent our response to that feedback and our willingness to serve the unique needs of the India solar market.”

80 EQ April 2018 www.EQMagPro.com Source: kaco-newenergy

www.EQMagPro.com EQ April 2018 81 PR DUCTS Panasonic and Enphase Energy Announce Strategic Partnership for High Efficiency AC Modules NEWARK, N.J. and PETALUMA, Calif., — Panasonic Corpo- ration of North America announced a strategic partnership with Enphase Energy Inc. (NASDAQ: ENPH), the world’s leading supplier of solar microinverters, for the development of high efficiency AC Modules (ACMs). To support this partnership, the 320W Enphase IQ 7X Microinverter™ offers compatibility with Panasonic’s N Series Photovoltaic (PV) Modules HIT® (N325/N330), and will be made available to distributors starting May 2018.

he Enphase IQ 7X Microinverter is com- “The N series PV Modules are patible with Panasonic’s HIT® modules, manufactured for peak perfor- and the partnership will continue with mance, making them an ideal T the co-development of AC Modules When combined with the partner for the Enphase IQ 7X Mi- Enphase Envoy™ Gateway, AC (ACM) that will offer significant advan- croinverter,” said Mr. Sethi. “With a tages to integrators and installers. A re- Combiner 2.0™ with built-in unique heterojunction technology Revenue Grade Meter (RGM) cent Enphase market survey of install- and advanced bifacial cells, these and disconnects, the Panason- ers nationwide affirmed the value-add high efficiency panels offer home- of AC modules, with significantly lower owners state-of-the-art features ic-Enphase ACMs will provide install times, and additional savings on and maximum solar production.” highly advanced PV systems logistics and overhead costs, making it to home owners and quick in- As part of Enphase’s seventh-genera- stallation time for integrators a preferred choice for installers. Install- tion microinverter platform, the IQ 7X ers and Integrators also benefit from and installers. Compliant with Micro leads the industry with broad Rapid Shutdown Requirements fewer inspection steps with factory-as- regulatory compliance, advanced sembled and tested ACM products. of NEC 2017, the IQ 7 Microin- “Smart Grid” features, and the high verter System will significantly fire safety rating. The IQ 7X Micro lower overhead costs and offer will support 96-cell PV modules up to homeowners a safe residential 400W with peak AC output power of PV systems solution. “Panasonic prides itself on its 320W and a Maximum Power Point (MPP) tracking range of 53-64V. dedication to delivering reliable “We are excited to work products to our customers,” said Mukesh Sethi, Group Manager, with Panasonic on this new Panasonic Residential Solar Group high-performance AC module “This partnership with Enphase “Built on our ex- program,” said David Ranhoff, Energy will enable us to combine tremely successful Chief Commercial Officer at our products and expertise to IQ platform, the Enphase Energy. “Panasonic is offer a new solar solution that can help our custom- Enphase IQ 7X Mi- ers meet their renewable energy needs. We look croinverter delivers a global brand that homeown- forward to our future with Enphase Energy and what superior perfor- ers know and respect. Together we are able to achieve within the residential solar mance with 97.5% we will bring high-quality industry.” CEC efficiency, as well as high solutions to the roof that our levels of reliability and safety,” customers can trust and bene- Panasonic’s N Series HIT® Modules are among said Raghu Belur, Chief Products fit from for years to come.” the most efficient panels on the market, with Officer at Enphase Energy. “Our high power outputs and greater energy yields seventh-generation product now due to their industry-leading temperature coef- powers 96-cell high-efficiency ficient of -0.258% /⁰C. Panasonic solar modules panels, including the Panasonic N keep at least 90.76% of their initial power output Series panels HIT®, with a single, even after 25 years of use. worldwide SKU.”

82 EQ April 2018 www.EQMagPro.com PR DUCTS

“Pronto is a result of Waaree Energies the continued commitment of Waaree launches ‘Pronto’ to make renewable energy accessible across the country. It to revolutionise brings together the best in technology and innovation, to a rooftop solar in product that can be used across residential, industrial and India commercial sectors. We hope Pronto marks Mumbai (Maharashtra) [India]: Solar panel manu- the beginning of a new facturing company, Waaree Energies Ltd., recently chapter and encour- launched a first of its kind, do-it-yourself solar kit ages people across – ‘Pronto’. demographics to opt Available at all Waaree Solar Experience for green energy,” said Centres, this revolutionary product aims director, Waaree Ener- to transform the renewable energy sector gies, Sunil Rathi. A in the country, by making clean energy accessible to one and all. With a solar PV ronto is available in the range based power generating system, Pronto of one to five KW, and requires can deliver at least 30 percent savings on Ponly two people and 30 minutes to be installed. It comes with a pat- electricity bills. ented rooftop non-penetrating racking system, with a focus on a design that embodies simplicity and is sturdy to withstand any weather. The product also provides, by bypassing numerous sourcing and logistics steps, the same cost benefits as large rooftop solar systems. In addition, since it can be used for any net-metering based application, consumers can get credits for excess generation gains. With state of the art technology, Pronto is also beneficial for small scale industries. The solar kits, which include all critical components like solar modules, solar inverter, and structure, are backed by warranty. With optimum design for maximum power generation, the product also comes with an inverter with latest Maximum Power Point Tracking (MPPT) technology with remote monitoring and is available in both single phase and three phase inverters.

Source: ANI

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