RENEWABLE ENERGY
For updated information, please visit www.ibef.org October 2017 Table of Content
Executive Summary……………….….…….3
Advantage India…………………..….……..4
Market Overview and Trends……….……..6
Porter’s Five Forces Analysis…………..…13
Strategies Adopted………….……..………14
Growth Drivers …………………...…..……16
Opportunities….……………..……………..21
Case Studies………...……………...……...25
Industry Associations………...... …………30
Useful Information………...... …………….32 EXECUTIVE SUMMARY
. As a part of its Paris Agreement commitments, the Government of India has set an ambitious target of Ambitious Targets achieving 175 GW of renewable energy capacity by 2022. With this the market players in India now have enough incentive to move to clean sources of energy.
. India has very low conventional energy resources compared to the required energy needs of its huge population and rapidly increasing economy. But India can harness the huge potential of solar energy as it receives sunshine most of the year. It also has vast potential in hydro power sector which is being explored in Immense Growth the north-eastern states of the country. Potential . India added record 11.0 GW of combined wind and solar capacity in 2016-17. It is expected that India will overachieve its Paris Agreement goals. . Renewable sources are expected to help meet 40 per cent of India’s power needs by 2030.
. The competition in the sector has risen recently, especially in the solar power segment, where tariffs reached record low in May 2017. The large integrated players are in a better position with higher returns compared to Competition the smaller contractors.
. The renewable energy space in India has become very attractive from investors’ perspective and has received FDI inflow of more than US$ 5 billion up to June 2017. India has also ranked second in the Renewable Energy Increasing Investments Attractiveness Index 2017 as there is ample push from the government and the economics of the market is improving.
Source: EY, Central Electricity Authority, MNRE, DIPP, Livemint
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ADVANTAGE INDIA ADVANTAGE INDIA
. India has relatively low per capita energy . Non-conventional energy received FDI and electricity consumption . It was one- inflow of US$ 5.85 billion between April third of the world average in 2015-16. 2000 and June 2017 with US$ 1.77 billion out of this coming in from April 2014 to . As the economy grows the electricity September 2016. consumption is projected to reach 15,280 TWh in 2040 from the 4926 TWh in 2012. . With government’s ambitious green Most of this demand would come from the energy targets, the sector has become growth in the buildings, industry and quite attractive for both foreign and transport sectors. domestic investors.
ADVANTAGE INDIA . Indian government aims to achieve 175 GW . India receives about 300 days of sunshine of renewable energy by 2022. in an year. This makes it a perfect . Because of the immense support from candidate to harness the solar power government ,India has ranked 2nd in the available. India also has a large hydro ‘Renewable Energy Country Attractiveness power potential which is being explored in Index 2017’. the north-eastern states of the country. . The aim of the government to electrify all . Coupled with regular solar auctions and villages by 2018, also a boon for the power new government mega projects like solar sector. India also had highest ever parks, the setup and financing costs have capacity addition in renewable energy in come down significantly in the past two 2016-17. years.
Note: TWh – Terwatt Hour Source: Central Electricity Authority, Ministry of New and Renewable Energy
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MARKET OVERVIEW AND TRENDS Renewable Energy Sources
Renewable Energy Sources (RES)
Other forms of Hydro Energy renewable energy
Small Hydro Power Wind Power Bio-Power Solar Power (Projects ≤ 25 MW)
Urban & Industrial Biomass Power Waste Power
Source: Central Electricity Authority (CEA)
7 Renewable Energy For updated information, please visit www.ibef.org RES WITH SHARES IN INSTALLED CAPACITY … (1/2)
InstalledVisakhapatnam capacity for port different traffic (millionRES – FY18* tonnes) (GW) . India accounts for approximately 4 per cent of the total global electricity generation and contributes 4.43 per cent to the global renewable generation capacity amounting to 2,011 GW in 2016 50.00
. The International Energy Agency’s World Energy Outlook projects a
45.00 growth of renewable energy supply to 4,550 GW in 2040 on a global
basis. 40.00 44.77 . As of September 2017, total renewable* power generation installed 35.00 capacity in the country stood at 103.06 GW, which is 31.2 per cent of the total installed capacity 30.00
. A hydro power revival policy is underway which amongst others is 32.51 likely to include the classification of all hydro power projects as 25.00 renewable energy 20.00
15.00
10.00
13.11
5.00
8.30 4.38 0.00 Hydro Wind Solar PV Biomass Small Hydro
Notes: RES – Renewable Energy Source; GW – Gigawatt; FY18*- Data up to September 2017 Source: CEA, International Renewable Energy Agency (IRENA)
8 Renewable Energy For updated information, please visit www.ibef.org GENERATION CAPACITY HAS INCREASED AT A HEALTHY PACE … (1/2)
. Installed renewable power generation capacity has increased VisakhapatnamInstalled capacity port for traffic different (million RES tonnes) (GW) steadily over the years, posting a CAGR of 8.39 per cent in FY07– 18* CAGR 8.39% . India has the fourth largest installed capacity of wind power and the 120 third largest installed capacity of concentrated solar power (CSP)
. The Government of India has formulated an action plan to achieve a 100
total capacity of 60 GW from hydro power and 175 GW from other 102.9
RES by March, 2022, which includes 100 GW of Solar power, 60 101.7
GW from wind power, 10 GW from biomass power and 5 GW from 80 85.7
small hydro power
77.0
. Solar installation in India is expected to increase 360 per cent by
60 70.0
2020. 67.0
63.5
56.0
52.4
40 50.1
47.0 42.4
20
0
FY10 FY07 FY08 FY09 FY11 FY12 FY13 FY14 FY15 FY16 FY17 *FY18
Note: RES – Renewable Energy Source; GW - Gigawatt, CAGR - Compound Annual Growth Rate; FY18* - data up to July 2017 Source: CEA, makeinindia
9 Renewable Energy For updated information, please visit www.ibef.org GENERATION CAPACITY HAS INCREASED AT A HEALTHY PACE … (2/2)
. Among the different sources of renewable power in India, the CAGR VisakhapatnamComparison of port installed traffic capacity(million tonnes)(GW) in installed capacity over FY07–FY18* was
• 2.32 per cent for hydro power 400
• 20.12 per cent for other renewable energy sources, supported by 350
the commencement of solar capacity addition since 2012
. The Government of India is projecting a rapid 17.04 per cent CAGR 275 300 increase in other RES installed capacity to 275 GW by 2027 supported by a surge in solar power capacity addition
250
200 175
150
100
57
50 8 72
25
60
44
39 35 0 End of 10th End of 11th End of 12th FY22 F FY27 F Year Plan Year Plan Year Plan
Hydro Other RES
Note: RES – Renewable Energy Source; GW - Gigawatt, CAGR - Compound Annual Growth Rate; FY18* - data up to July 2017 Source: :CEA, India Solar Handbook 2017
10 Renewable Energy For updated information, please visit www.ibef.org SOLAR POWER GENERATION GROWTH LIKELY TO OUTWEIGH OTHER SOURCES BY 2022 … (1/2)
. Growth in solar power installed capacity is expected to surpass the Expected change in share of various RES from FY18* to FY22 installed capacity of wind power, reaching 100 GW by 2022 from its current levels of 13.1 GW as of September 2017.
. Rapidly falling costs has made Solar PV the largest market for new 4.38 investment 8.30 . Further, the scaling up of the target of National Solar Mission to 100 GW from 20 GW of grid connected solar power by 2022, creates a 32.51 positive environment for investors keen to tap into India’s renewable 13.11 energy potential
. India is expected to become the third biggest solar market across the globe in 2017, with 8.8 gigawatt (GW) of capacity addition projected for the year ahead
5.00 10.00
60.00
100.00
Wind Solar PV Biomass Small Hydro
Note: RES – Renewable Energy Source; GW - Gigawatt, CAGR - Compound Annual Growth Rate; FY18* - data up to July 2017; * - According to the India Solar Handbook 2017 released by Bridge to India (BTI), Source: CEA, makeinindia, India Solar Handbook 2017
11 Renewable Energy For updated information, please visit www.ibef.org SOLAR POWER GENERATION GROWTH LIKELY TO OUTWEIGH OTHER SOURCES BY 2022 … (1/2)
. Due to its favourable location in the solar belt (400 S to 400 N), India is one of the best recipients of solar energy with relatively abundant availability
. India has a vast potential for solar power generation with about 58 per cent of the total land area (1.89 million km2) receiving above 5 kWh/m2/day annual average global insolation
. This coupled with its highest global warming mitigation potential makes it a viable alternative for power generation among the available clean energy sources
Source: CEA, Solargis
12 Renewable Energy For updated information, please visit www.ibef.org PORTER’S FIVE FORCES FRAMEWORK ANALYSIS
Threat of Substitutes
. High – Threat of substitutes is going to remain high as long as other non- renewable sources of energy remain cost-effective.
Bargaining Power of Suppliers Competitive Rivalry Bargaining Power of Buyers
. Medium – Bargaining power of . Low – As the sector is relatively new . High – Bargaining power of buyers is suppliers is medium as it is a and players are still establishing high as the cost of switching to a relatively niche sector and the themselves in the industry; the sector non-renewable energy source is low, suppliers are therefore limited, so they has still not reached the stage of and customers will easily switch if enjoy some bargaining power. But the competition. Therefore competitive they find another cheaper source of power is not too high as the order rivalry is quite low. energy. value is too high.
Threat of New Entrants
. Low – Threat of new entrants is low as the cost of generating renewable Positive Impact energy is very high; for example: the Neutral Impact cost of setting up a wind mill or a solar panel etc; which makes entry of new Negative Impact players highly difficult.
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STRATEGIES ADOPTED STRATEGIES ADOPTED
. Suzlon, a key player in the wind power segment, is a vertically integrated company. It has been producing all the wind turbines and installing them coupled with the maintenance. It has service support centres across the globe.
Full Integration . Adani Power also aims to become the a fully-integrated solar PV manufacturer.
. The returns of fully integrated players exceed those of Engineering, Procurement and Construction (EPC) contractors.
. Electricity to all has become a major thrust area for Government of India. This includes households and villages and slums which are not currently a part of the grid or centralised distribution. Selco Solar Pvt Ltd started installing solar Decentralised panels in slums which were not connected to the grid as a pilot project in 2008 and has since expanded into other states Solar Power as well. They have also used standardized financial packages to get the slum people move from kerosene to solar power.
. With the increasing competition and increasing FDI, players in the solar sector have started bidding at lower prices with PPA & Lower solar tariffs reaching record low of INR 2.44 per unit in May 2017. Power Purchase Agreements with states have Tariffs become important part of the project cycle for Indian companies
Source: Company websites, Livemint
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GROWTH DRIVERS GOVERNMENT POLICIES
. Promotes deployment of Offshore Wind Farms up to 12 nautical miles from coast. Research and National Offshore Wind Development activities to take place up to Exclusive Economic Zone (EEZ) of 200 nautical miles. Energy Policy, 2015 . Under the policy single window clearance is offered. . Tax holiday of 10 years for offshore wind energy generation.
. Promotes optimum utilisation of wind energy resources by creating facilitative framework for repowering. . An interest rebate of 0.25 per cent over the interest rebate offered to new wind energy projects will be Repowering Policy provided. . All fiscal and financial benefits offered to new wind power projects will be extended to repowering projects . Aims to achieve a hybrid wind-solar capacity of 10GW by 2022. Wind-Solar Hybrid . Hybridisation of the two technologies will help in: Policy • Minimising Variability • Optimal utilisation of infrastructure including land and transmission systems
. RPO’s are a mechanism by which State Electricity commissions are obliged to purchase certain percentage Renewable Purchase of power from renewable energy sources. Obligations (RPO’s) . Also, floor prices of the RPO have been set to provide certainty to companies. The floor price has been set at US$ 144 per Megawatt.
Scheme for . Aims to set up 25 Solar Parks and Ultra Mega Solar Power Projects targeting 20,000MW of solar power Development of Solar installed capacity by 2019-20. Parks and Ultra Mega . US 83.78 million have already been sanctioned under the scheme Solar Power Projects
Note : GW - Gigawatt Source : Ministry of New and Renewable Energy (MNRE), News Articles
17 Renewable Energy For updated information, please visit www.ibef.org INCREASING INVESTMENTS: FDI INFLOWS AND KEY DEALS … (1/2)
. 100 per cent FDI is allowed under automatic route for projects of renewable power generation and distribution subject to provisions of The Electricity Act, 2003.
. The non conventional energy sector has received a total FDI equity inflow of US$ 5.85 billion during April 2000 to June 2017.
Major FDI Investments in Renewable Energy Sector
Foreign Collaborator Country Indian Company FDI Equity Inflow (US$ mn)
Mudajaya Group Berhad Malaysia RKM Powergen Pvt. Ltd. 77.18
Gamesa Eolica S L Spain GAMESA Wind Turbines Pvt. Ltd. 66.76
AIRRO (Mauritius) Holdings Mauritius DILIGENT Power Pvt. Ltd. 62.44
Greenko Mauritius Mauritius M/s Greenko Energies Pvt. Ltd. 59.52
Azure Power Corporation Mauritius AZURE Power India Pvt. Ltd. 54.11
ORIX Corporation Japan TADAS Wind Energy Pvt. Ltd. 53.23
OSTRO Renewal Power Ltd. Mauritius OSTRO Energy Pvt. Ltd. 45.81
Notes: FDI - Foreign Direct Investment, Pvt. Ltd. – Private Limited Company Source: Make in India
18 Renewable Energy For updated information, please visit www.ibef.org INCREASING INVESTMENTS: FDI INFLOWS AND KEY DEALS … (2/2)
Major FDI Investments in Renewable Energy Sector
Foreign Collaborator Country Indian Company FDI Equity Inflow (US$ mn)
Asian Development Bank Phillipines Renew Power Ventures Pvt. Ltd. 44.69
AIRRO Singapore Pte Ltd Singapore Diligent Power Pvt. Ltd. 41.07
ORIX Corporation Japan Lalpur Wind Energy Pvt. Ltd. 37.75
ENEL Green Power Netherlands BLP Energy Pvt. Ltd. 32.61 Development B.V.
DEG-DEUTSCHE-InvestitionsUnd- WELSPUN Renewables Germany 32.50 Entwicklun Energy Pvt Ltd
ENERK International Holdings Seychelles RKM POWERGEN Pvt Ltd 32.50 Ltd
OSTRO Renewal Power Limited Mauritius OSTRO Energy Pvt Ltd 32.21
AREVA Solar Inc U.S.A AREVA Solar India Pvt Ltd 31.53
Notes: FDI - Foreign Direct Investment, Pvt. Ltd. – Private Limited Company Source: Make in India
19 Renewable Energy For updated information, please visit www.ibef.org GOVERNMENT INITIATIVES
. Targets deployment of 100 GW of solar power by 2022. . Project for evacuation of renewable energy from generation points to the load centres by creating intra-state and inter-state . Various incentives are being offered under the scheme: transmission infrastructure. • Zero import duty on capital equipment, raw materials . India received a US$ 1.15 billion soft loan from German • Low interest rates and Priority Sector Lending development bank KfW for implementation of green • Single window mechanism for all related corridors project. 40 per cent of Intra state and 70 per permissions cent of inter state transmission schemes will be funded through the soft loan. • Tax exemption and capital subsidies available Budget 2017-18 - Ministry for New and Renewable Energy Allocation is . Scheme for setting up 1000 MW Inter State US$ 849 .46 million . As of January 2017, there were about Transmission Systems (ISTS) connecting 100,000 people working in four major wind power projects. areas of renewable energy sector viz. Solar, Wind, Biomass and Small Hydro . Projects of 50MW and above will be connected to Power. ISTS point. . To meet the rising demand of trained manpower, a . The scheme also provides for 25 years of PPA and PSA. target of achieving 50,000 “SuryaMitras” of skilled . The first round of auction was completed in February 2017 manpower in solar enery sector by 2019-20 has been and another round of auction was announced in May 2017. set.
Notes : GW – Gigawatt, MW – Megawatt, PPA – Power Purchase Agreement, PSA- Power Sale Agreement Source : Ministry of New and Renewable Energy (MNRE), Make in India, News Articles
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OPPORTUNITIES HUGE UNTAPPED POTENTIAL
Renewable energy potential and installed capacity as of July . India is estimated to have renewable energy potential of 900GW Visakhapatnam port traffic (million tonnes) from commercially exploitable sources viz. Solar energy- 750 GW, 2017 (GW) Wind power1 - 102 GW, Bio-energy – 25 GW and Small Hydro – 20 GW. 800.0
. As of August 2017, the installed power capacity of renewable energy 700.0
sources (other than hydro) in the country is 58.3 GW. Out of the total 750 installed capacity, 32.5 GW is contributed by wind power, 13.1 GW 600.0 by solar energy, 8.28 GW by bio-power and 4.38 GW by small hydro Power. 500.0
. Recognizing this potential, a target of 175 GW of renewable energy 400.0 capacity by 2022 has been fixed. 300.0
200.0
100.0 32.5 13.1 8.3 25 20
102 4.4
0.0
Bio-Power
Wind Power Wind
SolarEnergy Small Hydro Power Hydro Small Installed Capacity as of September 2017 Potential
Notes: GW – Gigawatt, 1Wind Power potential is at 80 metres above ground level Source: Ministry of New and Renewable Energy (MNRE), Central Electricity Authority (CEA)
22 Renewable Energy For updated information, please visit www.ibef.org RISING POWER DEMAND
. India’s power demand has been rising at a fast pace. It is estimated VisakhapatnamPeak Power port Demand traffic in (million India (GW) tonnes) that India will require an additional power supply capacity of 450 GW by 2034. 800
. The peak power demand of the country was 160 GW in July 2017. It
is estimated that this demand will rise to 295 GW by 2021-22 and 700
690 GW by 2035-36.
600 690.0 . Also, India has an electricity-GDP elasticity ratio of 0.8. A seven per cent growth in energy supply will be required if India is to grow at eight per cent. This shows that electricity will continue to remain a 500 key input in India’s GDP growth. 400
300
200 295.0
100
160.0
159.5
153.4
148.2
136.0
135.5
130.0
122.3 119.0 0
Note: GW – Gigawatt, P – Provisional, E - Estimated Source: Business Standard, Capacity addition estimates by CEA, Aranca Research
23 Renewable Energy For updated information, please visit www.ibef.org MOVE TOWARDS RENEWABLE SOURCES
. It has been estimated that renewables will comprise 49 per cent of RES as a percentage of total installed capacity (%) India’s power generation by 2040. 20.00% . Over the last few years there has been an increase in percentage contribution of renewable energy to total installed capacity. In 2013- 18.00% 14 the contribution was 12.92 per cent which has increased to 17.66 17.71% per cent by July 2017. 17.52% 16.00% . India aims to achieve a total of 175 GW of installed renewable energy capacity by 2022. It is estimated that India will become the 14.00% 14.18% third largest solar market in 2017 while India already has the fourth 13.17% largest wind power installed capacity globally. 12.00% 12.92%
. India has moved from the seventh position in 2014 to second position 10.00% in 2017 in the Renewable Energy Attractiveness Index.1
8.00%
6.00%
4.00%
2.00%
0.00% 2013-14 2014-15 2015-16 2016-17 2017-18*
Note: 1 - Renewable Energy Attractiveness Index by EY, 2017-18* - as of August 2017 Source: Ministry of New and Renewable Energy (MNRE), Central Electricity Authority (CEA)
24 Renewable Energy For updated information, please visit www.ibef.org Renewable Energy
CASE STUDIES SUZLON ENERGY LTD (SUZLON)
. Suzlon Energy Ltd is one of the leading renewable energy solutions VisakhapatnamSUZLON Revenue port traffic (US$ (million million) tonnes) providers in the world
. It has installed around 17GW of energy capacity globally and has 4500 CAGR 4.76%
one of the largest in- house Research and Development set-up
facilities in Germany, the Netherlands, Denmark and India 4000
. The company started operation in 1995 and is currently present in 18 4,235.59
countries across 6 continents, with over 8,500 employees of diverse 3500
nationalities.
. Suzlon has over 10,000 MW of installed capacity in India with 3000
3,417.47
installations spread across all key wind states
3,344.03
3,264.46
3,192.71 2500
. Suzlon is the market leader in India with a 35 per cent share in 3,026.16
2,894.44
India’s cumulative wind energy installations
2000 . Over the years, Suzlon, and its founder Tulsi Tanti, have been
bestowed with numerous awards for their role in green energy like
1500 2239.7152
the Golden Peacock Eco- Innovation Award 2016, Renewable 2,048.51
Energy India (REI) Awards 2016, IWEF Awards 2016, Thomson
Reuters India Innovation Awards 2016 and many more 1000
1,530.01
. The company has grown at a Compound Annual Growth Rate 1286.256 500 (CAGR) of 4.76 per cent over FY07-17
. Its revenue has grown from US$ 1,286 million in FY2007 to US$ 0 2,048 million in FY2017. During Q1 FY18, it reached Rs 2,701 crore FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 (US$ 419 million).
Source: Company website, Moneycontrol
26 Renewable Energy For updated information, please visit www.ibef.org EVOLUTION OF SUZLON
. Suzlon is formed and . Enters Rajasthan and Karnataka and Madhya . Commissions first WTG in Spain and Turkey and entered Scandinavia becomes operational Pradesh . Crossed the 6 GW installation mark in India and 2 GW mark in USA . Establishes a technical . Forms two wholly owned subsidiaries in USA, . Became 1st company to bring investment from a nationalised bank into collaboration with Sudwind Germany, Australia and Denmark wind energy sector Energy GmbH . Initiates backward integration from its rotor blade . Opened training center for wind technicians in North America . Commissions its first 0.27 and wind turbine control systems units in Daman . Announced launch of its newest WTG, the S111 2.1 MW, the latest MW WTG for Indian generation of the 2.1 MW fleet designed for low wind speed sites and Petrochemicals Ltd at . Enters China by opening office in Beijing becoming the highest-yielding IEC Class III wind turbine of any Gujarat . Forms Suzlon Generators Pvt Ltd and Suzlon Structures Pvt Ltd comparable class machine
1995- 1996 1998-2000 2001-2004 2005-2008 2009-2012 2014-2015
. Crosses the 3 GW installation mark in India . Suzlon enters Maharashtra by installing a . Commissioned 10,000th WTG in Uruguay WTG for Ghodawat Pan Masala Products . Incorporates Suzlon Rotor Corp, USA . Signed agreements with Dilip Shanghvi Family and . Forays into Tamil Nadu with commissioning . IPO for 29.34 million shares on the BSE and NSE Associates (DSA) for equity investments of INR of first wind turbine in the state . Formation of SE Forge Ltd. and wholly owned 1,800 Crore for equity infusion to accelerate growth . Commissions its first 50 MW and crossed the subsidiary Suzlon Energy (Tianjin) Ltd . Receives the certification for its S111 2.1 MW 100 MW mark at Maharashtra . Begins production of blades and nose cones in USA turbine, 50 Hz and 60 Hz variants, awarded by . Commissions its first 1 MW WTG for Niskalp . Achieves the elite status of Superbrand (2008-09) TÜV NORD Investments (formerly known as Tata Group . Floats maiden QIP of ~USD 552 million Co) . Harvard Business School conducts a study ‘The Source: Company website, Aranca Research Suzlon edge’
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WEBSOL ENERGY SYSTEMS LTD (WEBELSOLAR)
. Websol Energy Systems Ltd is a leading manufacturer of VisakhapatnamWEBELSOLAR port Revenue traffic (million(US$ million) tonnes) photovoltaic monocrystalline solar cells and modules in India
. It designs modules for grid and standalone solar PV power plants, 60.00 CAGR 15.28%
rural electrification and remote communications for the best
performance under diffused sun light
57.05
. It has international certifications making it one of the few 50.00 55.27
technologically independent manufacturers of solar cells and
modules in India
48.95
40.00
. Websol has also picked up many awards and accolades generating 44.88
confidence in customers about the commitment for continual improvement in products and processes
. The company has grown at a strong Compound Annual Growth 30.00
Rate of 15.28 per cent over FY2006-16
28.53
. Its revenue grew from US$ 10.83 million in FY2006 to US$ 44.88 in
26.83
20.00
FY2016 and Rs 3707.7 million (US$ 55.27 million) in FY17.
23.46
22.93
20.11
17.25
16.11
10.00
10.83
- FY06FY07FY08FY09FY10FY11FY12FY13FY14FY15FY16FY17
Source: Company website, Moneycontrol
28 Renewable Energy For updated information, please visit www.ibef.org EVOLUTION OF WEBSOL ENERGY SYSTEMS
. Technical collaboration with . International certification as IEC 61215 and IEC 61730 for 180 Helios Technology, Italy W/220Wp . Started with 1 MW installed . UL and CSA listing for 180/220Wp modules . International certification for W1000 as per IEC capacity and Processed 4 . Installed PECVD technology for Silicon nitride antireflective coating at 61215 standards inch and 5 inch wafers Salt Lake plant . UL 1703 listing for all W 900 type modules . International certification . Engineering, Procurement and Construction Management Consultant from JRC for IEC 61215 . Capacity expansion from 3MW to 5MW appointed for Falta plant standards for 90Wp Module . Cell efficiency reached 16.5 per cent plus
1994-1999 2000-2001 2002-2004 2005-2006 2007-2008 2009
. Processed 8 inch wafers and converted it . Capacity increased from 5MWp to 10 MWp . 30 MW cell & module line installed and 154x154 mm solar cells . Commenced commercial production of W1600 and commissioned . Installed Capacity increased to 3MW W2000R . Solar PV cells and modules trial production started . International certification from TUV safety class II for in May 2009 W2000 and W1600 type modules . Received IEC 61215 and IEC 61730 certification . Industrial site finalised in SEZ Falta, West Bengal for for 180 Wp and 225 Wp module 120 MW expansion . Established representative offices in USA and Germany
Source: Company website, Aranca Research
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INDUSTRY ASSOCIATIONS KEY INDUSTRY ASSOCIATIONS
National Institute of Solar Energy (NISE) National Institute of Wind Energy (NIWE)
Address: National Institute of Solar EnergyGwal Pahari, Address: Velachery - Tambaram Main Road , Pallikaranai, Chennai - 600 100 Faridabad, Gurugram, Haryana- 122 003 Tel: 91 44 2246 3982/ 83 / 84 Website: https://nise.res.in/ Fax: 91 44 2246 3980
Website: http://niwe.res.in/
Sardar Swaran Singh National Institute of Bio- Energy (SSS- The Indian Renewable Energy Development Agency (IREDA) NIBE) Address: 12th K. M. Stone, Jalandhar - Kapurthala Road, Wadala Address: India Habitat Centre Complex, Core- 4A, East Court, 1st Kalan, Kapurthala - 144601 (Punjab), India Floor, Lodi Road, New Delhi- 110 003 Tel: 91 11 24682214/ 21 Tel: 91 1822 255544/ 507403/ 507406 E-mail: [email protected] Fax: 91 1822 255544 Web site: http://ireda.gov.in/
Website: http://www.nibe.res.in/
Solar Energy Corporation of India (SECI)
Address: A-2/158, Janakpuri, New Delhi-110058, India Tel: 91 11 25618472, 45652708 Fax: 25611622 E-mail: [email protected] , [email protected] Web site: http://seci.gov.in
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USEFUL INFORMATION GLOSSARY
. CAGR: Compound Annual Growth Rate
. FDI: Foreign Direct Investment
. FY: Indian Financial Year (April to March)
. GOI: Government of India
. INR: Indian Rupee
. US$: US Dollar
. Wherever applicable, numbers have been rounded off to the nearest whole number
33 Renewable Energy For updated information, please visit www.ibef.org EXCHANGE RATES
Exchange Rates (Fiscal Year) Exchange Rates (Calendar Year)
Year INR INR Equivalent of one US$ Year INR Equivalent of one US$
2004–05 44.81 2005 43.98 2005–06 44.14 2006 45.18 2006–07 45.14 2007 41.34 2007–08 40.27 2008 43.62 2008–09 46.14 2009 48.42 2009–10 47.42
2010–11 45.62 2010 45.72
2011–12 46.88 2011 46.85
2012–13 54.31 2012 53.46 2013–14 60.28 2013 58.44 2014-15 61.06 2014 61.03 2015-16 65.46 2015 64.15 2016-17 67.09 2016 67.21 Q1 2017-18 64.46
Q2 2017-18 64.29 H1 2017 65.73
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