Solar & Wind Energy

PROSPECTS IN INDIA
 Introduction
Photovoltaic (PV) devices
• Photovoltaic solar power – Predominantly, Indian generate electricity
Solar companies operate in this segment directly from sunlight via
• Concentrated solar power – Negligible presence an electronic process that
occurs naturally in certain
types of material, called
• Onshore (located in-land) - Predominantly, Indian semiconductors
companies operate in this segment
Wind • Offshore (located in water-bodies) – Negligible CSP uses a series of mirrors
presence; uneconomical to concentrate solar
energy onto a heat transfer
CSP plants need capacities over 50 MW to achieve medium, which is then
efficiencies of scale, hence the amount of land needed can used to drive a traditional
be a limitation, whereas PV is evidently more scalable turbine
 Advantage India – Renewable Energy
 Wind energy is the largest source of renewable energy in India; it accounts for an estimated 64.77 per cent of total
installed capacity (24.7 GW). There are plans to double wind power generation capacity to 20 GW by 2022
 Solar energy accounts for 12 per cent of total renewable energy installed capacity. The country’s true potential for
solar power stands at an estimated 5,000 TWh per annum
 Government to reintroduce 'generation-based incentives' for wind power projects to boost capacity addition in
the sector; Cutting of excise duties by 2 per cent on capital goods import
 Capacity addition of 30 GW is planned using various renewable energy technologies during the 12th Five-Year
Plan. Wind Energy is estimated to contribute 15 GW, followed by solar power at 10 GW and the remaining by
other sources
 USD147.3 million would be allocated to the Ministry of New and Renewable Energy
 Advantage India – Wind Energy
 Wind Energy
• Average installed cost onshore wind in India is between USD 1,240 and 1,390/kW as compared to USD
2000/kW in Europe
• At the end of 2015, total wind power capacity installed in India was 25GW
• Newly added capacity in 2015 was 2.3GW
• Asian Development Bank (ADB), Goldman Sachs and Global Environmental Fund have together invested
USD140 million in ReNew Wind Power Pvt Ltd on July 03, 2014
• EIG Global Energy Partners made an investment of USD125 million in Greenko Group, which is planning to
develop its wind farms and hydropower assets in India by means of Greenfield projects and acquisitions
• TATA Power: acquired a 39.2 MW wind farm at Jamnagar in Gujarat, 2014
 Advantage India – Solar Energy
 Solar Energy
• Average installed costs for large-scale solar PV is USD 1,670/kW as compared to USD 2,330/kW in Europe
• GE Energy Financial Services to invest USD24 million in a solar project by Welspun Renewables Energy Pvt Ltd.
• Jawaharlal Nehru National Solar Mission aims to generate 20,000 MW of solar power by 2022
• NTPC: commissioned 110 MW of solar PV projects and another 250 MW of solar PV projects are under
implementation, August 2015
• TATA Power: commissioned a 25-MW solar power project at Palaswadi in Maharashtra, 2014
• Reliance Power: commissioned 100 MW Concentrated Solar Power project in Dhursar, Rajasthan, Nov. 2014
• Adani Power: Estimated investment of USD6.6 billion for setting up 10,000 MW solar plant in Rajasthan
• Reliance Power: Developing a 6,000 MW solar park in Rajasthan by 2025
 Trend of Capacity Increase
Type Year 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

6270 7845 9655 10926 13065 16084 18421 20150 22465 25088
Capacity
Wind
Energy CAGR 16.66%
Capacity
13.94%
(MW) Last 5 years
5 4 10 12 37 565 1281 2322 3263 5167
Capacity
Solar
Energy CAGR 116.23%
Capacity
168.54%
(MW) Last 5 years
 LCEO: Geographical Comparison: Wind & Solar Energy

The LCOE is the total cost of installing and operating a project expressed in
dollars per kilowatt-hour of electricity generated by the system over its life
Thank You