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www.EQMagPro.com EQ April 2018 1 www.EQMagPro.com EQ April 2018 5 VOLUME 10 Issue # 4 INTERNATIONAL ELECTRIC VEHICLES OWNER : FirstSource Energy ROOFTOP & OFFGRID India Private Limited Scaling up Rooftop Solar Power in India: PLACE OF PUBLICATION : 70 The Potential of Solar Municipal Bonds 95-C, Sampat Farms, 7th Cross Road, Bicholi Mardana Distt-Indore 452016, Madhya Pradesh, INDIA Tel. + 91 96441 22268 www.EQMagPro.com EDITOR & CEO : ANAND GUPTA [email protected] PUBLISHER : ANAND GUPTA PRINTER : ANAND GUPTA ELECTRIC VEHICLES TRENDS & ANALYSIS What a teardown of the latest Electric Vehicles SAUMYA BANSAL GUPTA [email protected] 64 reveals about the futureof mass-market EVs PUBLISHING COMPANY DIRECTORS: ANIL GUPTA ANITA GUPTA CONSULTING EDITOR : SURENDRA BAJPAI HEAD-SALES & MARKETING : GOURAV GARG [email protected] Sr. DESIGNER : ANAND VAIDYA DESIGNER : RATNESH JOSHI ELECTRIC VEHICLES Yes Bank Study On Importance Of Make In India, SUBSCRIPTIONS : Green Policies And Green Bonds For... GAZALA KHAN 62 [email protected] CONTENT Disclaimer,Limitations of Liability While every efforts has been made to ensure the high quality and accuracy of EQ international and all our authors research articles with the greatest of care and attention ,we make no warranty concerning its content,and the magazine is provided on an>> as is <<basis.EQ international contains advertising and third –party contents.EQ International is not liable for any third- party content or error,omission or inaccuracy in any advertising material ,nor is it responsible for the availability of external web sites or their contents The data and information presented in this magazine is provided for informational purpose only.neither EQ INTERNATINAL ,Its affiliates,Information providers nor content providers shall have any liability for investment decisions based up on or the results obtained from the information provided. Nothing contained in this magazine should be construed as a recommendation to buy or sale any securities. The facts and opinions stated in this magazine do not constitute an offer on the part of EQ International for the sale or purchase of any securities, nor any such offer intended or implied Restriction on use 08 16 The material in this magazine is protected by international copyright and trademark laws. You may not modify,copy,reproduce,republish,post,transmit, or distribute any part of the magazine in any way.you may only use material for INDIA INDIA your personall,Non-Commercial use, provided you keep intact all copyright and Electricity should be Govt to amend solar bid rule to other proprietary notices.If you want to use material for any non-personel,non commercial purpose,you need written permission from EQ International. brought under GST: allow pass through of import IEEMA duty hike 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 Import Duty On Solar Glass 58 20 27 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 ENERGY STORAGE ROOFTOP & OFFGRID LG Chem and Samsung SDI Are Enerparc India Commissions Rooftop Solar the Leading Manufacturers of Project for Gleason Works Pvt. Ltd. ROOFTOP & OFFGRID 36 39 32 GoodWe Solar Inverters Installed at Nepal Prime Minister's Office PRODUCTS Pg. 76-77 BUSINESS & FINANCE BUSINESS & FINANCE ELECTRIC VEHICLES EQ NEWS ResponsAbility and Microsoft inks renew- ABB installs electric Cleantech Solar join able energy deal for vehicle fast charger Pg. 07-33 forces to increase... Bengaluru facility station at NITI Aayog www.EQMagPro.com EQ April 2018 7 GINLONG SOLIS 2003 – Started as an R&D company in UK University Complex 2005 – Ginlong Technologies founded by Yiming (Jimmy) Wang – 13 Years Old Born in Shanghai in 1981 M.Sc. (University of Edinburgh), Ph.D. Study (University of Bristol) Committee Member of IEC 61400-2 Standard Ph.D. Supervisor and Invited Researcher for Chinese Academy of Sciences (Ningbo) Distinguished Professor and group leader at Shanghai University of Electric Power Listed as 4040 by Recharger (40 Global Renewable Energy Leader under 40 years) Part of the “The recruitment Program of 1000 Global Experts” – Expert in PV Inverter Technologies Renowned R&D Team and government A Authorised Research Lab One of the Earliest Manufacturers on Grid – tie Inverters in the World Over 15 years of Design and 13 years of Supply History First Chinese Company to achieve UL 1741 certification in 2009 Only the Second company to achieve UK G83 certification in 2006 Second Chinese Company to achieve AS 4777 / AS 3100 certifi- cation in 2009 Team of 600 Employees catering to International Business across the World with shipments to exceed 3GW FEATURED PRODUCT Wide Product Range: 700Watt To 70Kw Ultra Low Voltage Startup Multi Mppt Maximum 4 High Efficiency 99% Wifi And Monitoring App Available Numerous Protection FunctionS TECHNOLOGY SPECIFICATION Solar Grid Tied Inverter With Multi Mppt Technology Technology Advancement Ultra Low Voltage Startup Due To Independent Mppt Intelligency We Can Do Assimetrical Design On Each Mppt Input Compact And Light Design,Easy Installation TARGET Rooftop: Because Of Multi Independent Mppt We Can Use Avail- able Space Of Roof For Solar Ground Mounted: Every 8 EQ April 2018 www.EQMagPro.com GOODWE, GOOD CHOICE! Maximize the profit of your commercial rooftops & utility 50/60KW projects with MT series 4 MPPT 400Vac Inverter DC Max 30% DC Input Full-load Oversizing Ratio Running at 50°C MT Series 2.0 AC Local Service In India 15% AC Output 20% More GoodWe Power Supply Technology Co.,Ltd Overloading Ratio Compact +91 9769 3475 60 [email protected] www.goodwe.com THE POWER OF RISING VALUE 1.5+ GW Customer base in India Booth No.: N1515 th th May. 28 -30 , Shanghai, China FIND MORE ON: facebook/twitter/YouTube/Linked in www.risenenergy.com India Sales Contact: Bangalore: "REGUS", 2nd Floor, Hotel Ibis Building, 26/1 Hosur Global Headquarters & Factory: Main Road, Bommanahalli, Bangalore 560068. India. Meilin Tashan Indsutrial Zone, Cell: +91 9611333011 Fax: +91 80 6702 7001 Ninghai, Ningbo 315609. China Email: [email protected] Tel: +86 574 59953231 Hyderabad: S.K.Tejaswi Cell: +91 9849494675 Fax: +86 574 59953599 Email : [email protected] E-mail: [email protected] Delhi : Umesh Kaushik Cell : +91 93100 78313 www.risenenergy.com Email : [email protected] india 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.