ZEF Working Paper 152 Ashok Gulati, Stuti Manchanda, Rakesh Kacker Harvesting Solar Power in India ISSN 1864-6638 Bonn, September 2016 ZEF Working Paper Series, ISSN 1864-6638 Center for Development Research, University of Bonn Editors: Christian Borgemeister, Joachim von Braun, Manfred Denich, Till Stellmacher and Eva Youkhana This working paper has also been published as ICRIER Working paper No. 329, August 2016 Authors’ addresses Dr. Ashok Gulati Indian Council for Research on International Economic Relations, Core 6A, 4th Floor, India Habitat Center, Lodhi Road, New Delhi 110003, India Tel. (91-11) 43 112400: Fax (91-11) 24620180, 24618941 E-mail:
[email protected] icrier.org Stuti Manchanda Indian Council for Research on International Economic Relations, Core 6A, 4th Floor, India Habitat Center, Lodhi Road, New Delhi 110003, India Tel. (91-11) 43 112400: Fax (91-11) 24620180, 24618941 E-mail:
[email protected] icrier.org Rakesh Kacker India Habitat Centre Lodhi Road, New Delhi – 110003, India Tel. +91-011-24682001-05: Fax +91-011-24682010, E-mail:
[email protected] www.indiahabitat.org Harvesting Solar Power in India Ashok Gulati Stuti Manchanda Rakesh Kacker i Abbreviations Used AD Accelerated Depreciation BoS Balance of System CAGR Compound Annual Growth Rate CCMT Climate Change Mitigation Technology CEA Central Electricity Authority CERC Central Electricity Regulatory Commission CFA Central Financial Assistance CSR Corporate Social Responsibility EEG Erneuerbare-Energien-Gesetz EPIA European Photovoltaic Industry Association FIT Feed-in-Tariff GERMI Gujarat Energy Research and Management Institute GW Gigawatt Gwh Gigawatt Hours Ha Hectare IEA International Energy Agency JNNSM Jawaharlal Nehru National Solar Mission Kwh Kilowatt Hour Kwp Kilowatt power MNRE Ministry of New and Renewable Energy MW Megawatt Mwp Megawatt power PPA Power Purchase Agreement PV Photovoltaic SECI Solar Energy Corporation of India w watt ii Contents ABBREVIATIONS USED II ABSTRACT IV ACKNOWLEDGEMENTS V 1.