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IN THIS ISSUE 16 COVER PM inaugurates 2nd Global RE-Invest The 2nd RE-INVEST aimed at accelerating the worldwide effort to scale up renewable energy and connect the global investment community with Indian energy stakeholders20 Chinmoy Gangopadhyay Rohit Khanna Carolin Gassner Power Finance Corp. World Bank KfW Development Bank COVER Charles Yates Michael Waldron Pawan AgarwalInnovative CmY Consultants Ltd International Energy Agcy. YES Bank Ltdfinancial models:Bankers’PerspectiveIn order to meet the growing expectationof finance in renewable energy sectorthere is a need to discuss bankers’perspective in relation to allocation& recycling of capital investment,innovative financial model and plausibleinnovative financial framework to reachits goal. There has been substantialprogress in renewable energy sectorwith a strong regulatory push and tariffsbelow grid parity.25 26 COVER SOLAR Afghanistan’s Future of solar roadmap towards energy in India renewable energy The main focus of NISE is to Afghanistan, on road to renewable provide solution to testing energy path, has planned good and standardization policies and aims to capture 200 MW in solar within next five years4 | Energy Next | October 2018

28 VOLUME 8 | ISSUE 12 | oCTOBER 2018 www.energynext.in ENERGY EFFICIENCY 34LED market has witnessed 70percent growth WINDEESL has distributed over 310 million LED bulbs across Hybrid technology is in itsIndia under UJALA program, translating to estimated development phaseannual cost reduction of USD 2.4 billion in consumerelectricity bills India being the highest growth renewable market on the planet in association with Vestas is doing well40 48 INTERVIEW interviewSolar energy is Hybrid is a waymarching ahead of life Wind and solar energy do not compete against each other, they complement each otherEvery farm should have one solar 64park; our farmers give electricitybut never ask for it. If the gap is MNRE NEWSbridged, Discoms problem will besolved and then solar growth will MNRE starts Prakritik Urjadefinitely take place Puraskar Yojana The Ministry is operating ‘Prakritik Urja Puraskar Yojana’ to encourage original book-writing in Hindi in the field of new and renewable sources of energy October 2018 | Energy Next | 5



FROM the editor8th Anniversary CelebrationsI ndia has the world’s largest Energy Next has completed eight years our lives, Energy Next has gone renewable energy programme with of its evolving journey and we appreciate completely digital since May 2018 an ambitious target of 175 GW to our readers, contributors, all stakeholders and enjoys a strong reader base. Our be achieved by the year 2022. It’s a and the ministry for their immense eighth anniversary edition includespleasure to be a part of the country that support for being a part of this voyage. the coverage of 2nd Global RE-invest,is striving and achieving milestones while the mega renewable energy event withit moves towards its clean energy goals. The monthly magazine has been some exclusive quotes and interviews.The country signed the aspiring Paris bringing extensive coverage on the The country is progressing and showingagreement in December 2015 and since country’s progress in the renewable immense potential in the renewablethen; there has been no looking back. energy sector since its launch at the energy sector and Energy Next stands Delhi International Renewable Energy strong with its quality coverage. Enjoy India has now reached the landmark by Conference in October 2010. Reading!jumping to the fourth position globallyin installed wind power capacity. The As the years passed, we introduced new Anupam Daftuarcumulative solar power installation too, platforms with far-reaching potential. Publications Directorstands at mammoth 22.8 GW. The Indian The digital transformation is growingrenewable energy sector is expected to by leaps and bounds. It is important andsee strong growth and favourable policy pertinent to have such a platform, so thatsupport and Energy Next feels pride to be our readers don’t miss the latest news anda part of the momentum. happenings from across the world. With digital revolution impacting October 2018 | Energy Next | 7

letters to the editorGood coverage on energy efficiency Enabling Investment Environment I am a frequent reader of EnergyNext. Your Publications Director Anupam Daftuar previous edition on energy efficiency was Associate Editor Anurima Mondal an interesting and informative issue. I Correspondent Neha Jaswal loved reading all the articles, especially Design Flying Tusker Media the one written by Venkatesh Dwivedi from EESL. It provided important Marketing Manager Aditya Daftuar information about various schemes such Subscription & Dispatch Anil Patwal as Atal Jyoti Yojana and Solar Urja. ll Priyanka Gupta, DelhiRenewable sector the best magazine for latest renewable energy by 2022 For the latest Renewable Energy news.progressing well news and in-depth coverage is world-leading. With this log on to www.energynext.in related to renewable target, jobs in the renewableIt’s great to see the renewable energy. I enjoyed reading sector are all set to grow and Energy Next is printed by R Ramprasad and publishedenergy sector progressing the interview of Namita I would love to be a part of by R Ramprasad on behalf ofwell in India. This shows Vikas from YES BANK. The India’s clean energy growth.people’s commitment in renewable sector has indeed llSwati Bhatia, Focal Point Media Services Pvt Ltdmaking India a cleaner and witnessed unprecedented Ghaziabad #407, Fifth Floor,greener country. I am happy growth which has beenthat the country is working possible owing to the many LED market in Pavani Plaza, Khairatabad,towards achieving the financing options that meet spotlight Hyderabad - 500 004, Telangana, India.ambitious target of 175 GW the requirements of projects. CIN No.: U74999AP2010PTC070645in renewable energy. Thank ll Pankaj Saxena, The article ‘Future of LED Focal Point Media Services Pvt. Ltd. is a jointyou Energy Next bringing Ghaziabad market in India’ informed venture of Gateway Media Pvt. Ltd, and Invisionlatest renewable news at our us about LED lights, energy Communications & Research Pvt. Ltd, and printed atdoorstep. Edition on clean efficiency and governmentll Barnali Sen, Kolkata energy jobs initiatives. Smart Cities/ M/s. Kala Jyothi Process Pvt. Ltd. National LED Programme 1-1-60/5, RTC Cross Roads, Musheerabad,Guide to RE sector Every issue of Energy Next and several other government Hyderabad - 500 020, and Published at Focal Point has something different schemes have helped to keepEnergy Next is probably to offer in terms of the LED market in spotlight which Media Services Pvt. Ltd. coverage. I was wondering if led to a stronger growth. #407, Fifth Floor Pavani Plaza Khairatabad, you could plan an issue on There’s a lot of innovation that the job opportunities in the is constantly happening in the Hyderabad - 500 004, Telangana, India. renewable sector. The target LED lighting industry. Tel: +91 40 233 000 61, 233 006 26 to establish 175 GW of new ll Ritu Yadav, Varanasi +91 40 233 006 65 Subscribe: Tel: +91 11 2642 4071/72Feedback: Please send your feedback and comments to e-mail : [email protected] [email protected] Write to: Focal Point Media Services Pvt. Ltd. #409, Mansarovar Building, 90 Nehru Place, New Delhi-110 019, INDIA Tel: +91 11-26424071/73 Fax : + 91 11-46507580advisory boardProf Rangan Banerjee Arun Gupta Dr Praveen Saxena K P Sukumaran S Chandra Sekhar Yogesh Mehra Please note: Views expressed in the articles are those IIT-Mumbai Managing Director Former Advisor Former Advisor Managing Director Managing Director of the Authors and may not be shared by the editor or Him Urja Pvt Ltd MNRE MNRE Wind World (India) Ltd members of the editorial board. Unsolicited material Bhoruka Power Corpn Ltd will not be returned.Advertise Contact Write to Copyright: No material published here should with us Aditya Daftuar Focal Point Media Services Pvt. Ltd. be reproduced in any form without prior written Marketing Manager 409, Manasarover Building permission from Focal Point Media. +91 8860636021 / +91 98-71-048271 90, Nehru Place [email protected] New Delhi - 110 0198 | Energy Next | October 2018



nationalIREDA signs MoU with RECIndian Renewable Energy V. Ramesh and IREDA CMD K S Popli in the country. Financing of around 100 Development Agency Ltd. (IREDA) the presence of power minister R K Singh billion dollars would be required inand Rural Electrification Corporation and MNRE Secretary Anand Kumar on next four years to meet the RE target.Ltd. (REC) signed a Memorandum of September 26 in MNRE, New Delhi. In this regard, REC and IREDA haveUnderstanding (MoU) for working come together to take advantage of hugetogether to promote Renewable Energy To achieve the goal of 175 GW of opportunity provided by RE and todevelopment across the country. The renewable energy by 2022 provides a huge meet the financing requirement of theMoU was signed by REC CMD Dr. P. opportunity for all stake holders including sector. While signing the MoU, Popli landers to be part of green growth of said, “By coming together REC and IREDA can address substantial financing requirement for the sector seamlessly, at a time when need for financing large projects would grow exponentially in coming years.” REC CMD Dr. Ramesh said “This is a new milestone for us in our quest to promote sustainable development and focus on green energy solution. This is a transformational opportunity for REC and IREDA to work together forming a perfect synergy between both the organisation”.Offshore wind power capacity to reach 30 GW hwEaNinnGddIseEtno,eSrdTgeOyveAplloajpotfionrmThe offshore wind power generation capacity of India is expected Japan, Taiwan with 18 GW, 10 GW and ENGIE recently joined hands with STOA 5.5 GW respectively. The remaining 6.5 with an aim to build 2 GW capacityto reach 30 GW by 2030, on par GW is expected to be added jointly by of wind energy platform in India over thewith China. If everything goes as Indonesia, Philippines and Vietnam. next five years including both onshore andanticipated, this would account for 30 India has set a target of 5 GW by 2022 offshore segments.per cent of the envisaged capacity of and 30 GW by 2030. Earlier this year,100 GW in Asian economies. the ministry had invited Expression of “ENGIE, a leading multinational utilityThe Institute for Energy Economics Interest to develop 1 GW offshore wind company and the largest global independent& Financial Analysis (IEEFA) estimates project on the western coast. Around power producer, and STOA, a Frenchthat both China and India will progress 34 companies responded to it including infrastructure and power equity investorwell in the offshore segment. Other Sterlite Power Grid, Inox Wind, Suzlon in developing countries, announced todaycontributors would be South Korea, Energy and Mytrah Energy. a partnership to build a wind platform in India...through a Joint-Venture detained 50/50 by the two entities,” a statement said. Malcolm Wrigley, Country Manager, ENGIE India said, “Our aim is to respond to the major challenges of the energy transition, in particular in fast-growing countries like India.”10 | Energy Next | October 2018

NEWSGovernment steps in to arrange funds for green projectsThe renewable energy ministry is making efforts to keep funds flowing as they fear the low tariffs could servicing loans, which then would turnfor green energy projects. It has assured financially discourage promoters from into non-performing assets.banks and lending institutions the tariffsbeing discovered through bidding wereviable investments to fund. The ministryresponded to the petitions of fundingissues from promoters at a recently heldmeeting if Indian Renewable EnergyDevelopment Agency could finance theimpact of safeguard duty on projects as aninterim agreement.The meeting comes in the backdropof lenders shunning renewable projectsIndia helps Uzbekistan to implement energy Ingeteam’s windefficiency projects converter factory becomes DNV GL’sE nergy Efficiency Services Limited Singh Aujla, Chief General Manager, shop approval certified (EESL), a joint venture of PSUs EESL signed the MoU in the presence ofunder the power ministry, signed a dignitaries from both the countries. Ingeteam has received DNV GL’sMemorandum of Understanding (MoU) “Shop Approval in Renewablewith the Municipality of Tashkent City As part of the MoU, EESL and Energy” certification for the windto promote energy efficiency measures Municipality of Tashkent City will converter manufacturing facility recentlyin the city. The agreement was signed at collaborate to explore opportunities in established by the company in the Tamilthe India-Uzbekistan Business Forum areas of Street lights, E-vehicles, Smart Nadu region. Ingeteam’s new facility isin New Delhi. Under this MoU, EESL meters, Energy Efficient buildings, and the first-ever wind converter factory towill help establish and implement other developing technologies. The receive such a certificate in India. DNVenergy efficiency projects in Uzbekistan, association will enable Municipality GL’s Shop Approval is awarded uponstarting with the City of Tashkent. of Tashkent to introduce these new successful completion of a comprehensive technologies which will go a long way in audit, and will enable the global supplier Nozim Khusanov, Mayor of Sergeli conserving energy and help consumers of electrical conversion equipment toDistrict of Tashkent City and Jaspal save money. simplify the scope of subsequent quality inspections, or even, in some cases,SBI raises $650 million via green bond issue exempt the company and its clients fromCountry’s largest lender State Bank audits for a period of three years. of India (SBI) opened dollar-bond times higher than the actual size. Those were initially supposed to be priced after adding DNV GL’s Shop Approval certificationsales to raise funds for clean environment 185 basis points over the US Treasury bill, guarantees that a workshop operatesprojects, which has given hope to now at 2.94 per cent. The bank sold the within a high-standard manufacturingindigenous companies that have held back bonds from its London branch. environment, and that adequate workingoverseas debt financing due to extreme procedures and methods are consistentlyvolatility in international markets. deployed by qualified staff. It is independentThe bank raised $650 million via green from component, type or projectbonds of five-year maturity, proceeds of certification and is always workshopwhich will be used to fund environment- specific. With this scheme, DNV GL offersfriendly projects. With $1.6 billion, the next level certification and standardization,bank has received subscriptions three- going beyond modules and elements to include all technical aspects laid down in standards and recommended practices. October 2018 | Energy Next | 11

StateDelhi cabinet approves ‘Mukhyamantri Solar Power Scheme’Cooperative group housing societies in Delhi will now in such cases, the installation costget solar panels installed on of Rs. 45000-55000 will have to berooftops for free as the Delhi borne by the house ownerscabinet recently approved the‘Mukhyamantri Solar Power Talking about the development,Scheme’. The installation would Delhi power minister Satyendarbe borne by the private company Jain said, “If the housing societiesand a tripartite agreement provide more space for installingwill be signed between the solar panels than their requirement,housing societies and the the cost of energy consumed bystate government. The scheme them would come down further aswill also be applicable for the companies will be able to sellindependent houses. However, the additional power to the grid.” The solar panels will be installed at a height of 8 feet.Tamil Nadu issues draft solar policy lMroowoadfetshotypeavsPoerrlaatrdagreiesfhtfsAnew solar policy is in store for Tamil Nadu. The Tamil Nadu mounting structures and batteries. A single With Rs 1.38 per unit, Madhya window process is likely to be introduced Pradesh Urja Vikas NigamEnergy Development Agency (TEDA) for all departmental approvals, including a Limited (MPUVNL) has achieved thehas issued the Draft Solar Energy Policy set time limit for each approval. All public lowest tariff for central governmentfor the year 2018. With the capacity of buildings will be mandated to meet 30 buildings in its RESCO II rooftop solar.2.2 GW, the state currently ranks fifth percent of their energy requirements from MPUVNL had auctioned 8.6 MW ofamong states for solar installations. solar energy by 2022. grid-connected rooftop solar underWith the ambition of 8,884 MW by 2022, RESCO II model.Tamil Nadu plans to meet 40 percent of thecapacity by consumer scale solar energy “Madhya Pradesh has discoveredgenerators. The government will encourage the lowest rate of Rs 1.38 per unitthe manufacturing of solar energy for first year in central governmentcomponents such as solar cells, inverters, buildings, which is one fourth of what the consumers are presently paying,”Gcoumjamraitssgieotnsead1b0yMOWNGsoClar project MPUVNL said in a statement.A10 MW solar project has been commissioned by the Oil and Natural MW project was tendered in December 2016 The bids were opened publicly at by Rajasthan Electronic and Instruments Ltd. the RE-Invest 2018 held in GreaterGas Corporation (ONGC) at Hazira, Gujarat. (REIL) on behalf of ONGC. Noida. Immediately after the openingThe project will power ONGC’s plants at Many other PSU’s are investing in solar energy of the bid, Power Purchase AgreementsDhaej, Gandhar, and Hazira. The turnkey such as Railways Energy Management Company (PPAs) were signed and the workproject, intended for its captive power usage, Limited, Neyveli Lignite Corporation and orders were issued.will meet the Renewable Power obligation Gujarat Industries Power Company Limited.(RPO) of ONGC for Gujarat. The EPC andO&M services will be provided by VikramSolar for a period of three years from the dateof commissioning.The project spread across 56 acres of landis segregated into eight blocks of 1.25 MWeach. Powered with 44,144 modules, the 1012 | Energy Next | October 2018

NEWSAndhra Pradesh to get a solar battery plant HwiatrhyIaSnAa signs MoUTriton, a US based solar company Megawatt of solar power storage supply is all set to put up a solar battery to meet the state solar energy needs. Themanufacturing plant at a cost of Rs 727 proposed solar batteries manufacturingcrore in Andhra Pradesh under public- project will produce batteries based onprivate-partnership (PPP) model. A nano and lithium polymer technology.memorandum of understanding hasbeen signed between Triton and AndhraPradesh Economic DevelopmentBoard in presence of Chief Minister NChandrababu Naidu, Principal Secretaryof industry and investments Ajay Jain, APEconomic Development board CEO JastiKrishna Kishore. The plant will help for conversionof electrical vehicles and secure 200Methanol cooking fuel introduced in Assam Haryana signed a MemorandumAround 500 people were given a of Understanding (MoU) with stove with two 1.2-litre canisters as cooking fuel. But India is the first International Solar Alliance (ISA), country where the focus is on replacing under which Kalpana Chawla Haryanaof methanol under a pilot project by the LPG. This is why much of the world is Solar Award will be given to scientistsNamrup-based Assam Petrochemicals looking at how our cooking fuel project is selected by ISA each year.Limited (APL), India’s first public sector working out,” he added.producer of methanol and formalin from The pact was signed in presence ofnatural gas as feedstock. The project was power minister RK Singh, Haryanapromoted by NITI Aayog. renewable energy minister Banwari Lal“APL has taken a huge step towards and HAREDA Chairman Shailendrareducing India’s oil imports and tap Shukla at India-ISA Partnershipinto pollution-free methanol as fuel for Renewable Energy Investors Meet andcooking and transportation. It is apt that Expo held in Noida.the project has begun with cooking fuelthat mostly impacts women in India,” said The MoU was signed between theV.K. Saraswat, Member, NITI Aayog. Additional Chief Secretary, New and“There are 5.5 lakh people in Africa Renewable Energy, PK Mahapatra andand 8 million in China who use methanol the Interim Director General, ISA, Upendra Tripathy.Tamil Nadu gets India’s tallest hybrid towerThe first prototype of its S120 2.1MW and it has become crucial for us to offer said “The Indian wind energy market is turbine with a hub height of 140 metres technologically advanced products that are evolving due to the transition to competitivehas been installed at Tirunelvi, Tamil best suited for sites in India and ensure higher bidding and it has become crucial for us to offerNadu. The installation and commissioning return on investment (ROI) to our customers. technologically advanced products that areof India’s tallest Wind Turbine Generator We continue to invest in R&D with an aim to best suited for sites in India and ensure higher(WTG) with a Hybrid Concrete Tubular develop innovative products that reduce the return on investment (ROI) to our customers.(HCT) Tower was done by Suzlon. levelised cost of energy (LCoE). We pioneered We continue to invest in R&D with an aim to the country’s first Hybrid Lattice Tubular (HLT) develop innovative products that reduce the Talking about the development, J.P. Tower in 2014 and now introduce the country’s levelised cost of energy (LCoE). We pioneeredChalasani, Group CEO, Suzlon Group said, tallest Hybrid Concrete Tubular Tower.” the country’s first HLT Tower in 2014 and now“The Indian wind energy market is evolving introduce the tallest HCT Tower.”due to the transition to competitive bidding J.P. Chalasani, Group CEO, Suzlon Group October 2018 | Energy Next | 13

INTERNATIONALFisker Inc. announces strategic investment Macquarie to financefrom caterpillar ventures Korea’s hybrid projectFisker Inc. has announced a strategic manufacturer of construction and mining Macquarie Capital has signed a investment from Caterpillar Venture equipment, diesel and natural gas engines, Memorandum of UnderstandingCapital Inc., a wholly owned subsidiary industrial gas turbines and diesel-electric (MoU) with Goesan County for theof Caterpillar Inc., the world’s leading locomotives. financing of a solar-plus-storage project, which acclaims to be the Fisker’s solid-state batteries present country’s largest energy storage the next generation post lithium-ion era project. In this project, a 16MW solar of future battery technologies that offer PV project which will be combined bulk electrodes with high energy densities, with 35MWh of energy storage to enhanced safety, faster charge times and produce power for 7,700 average lower costs. homes annually. Caterpillar Ventures’ investment in Under the terms of the MoU, Fisker illustrates a mutually recognized Macquarie will build the hybrid project importance that electrification solutions and announce the contracted EPC firm will represent to multiple business soon. Income from the project will be segments in the future. While Caterpillar directed towards residents of 100 local and Fisker serve fundamentally different households, who will also later take industries, advancements in electrification ownership of the project after 25 years. technologies pose increasing importance Additionally, Macquarie also invested in and offer the potential to positively impact energy storage projects which will have a customer value for the right products. cumulative capacity of 175MWh and be the largest such project in the country.High-Level renewable energy conference to advance EBRD to back Turkey’slow-carbon development in Egypt new RE planEgypt’s Ministry of Electricity and Renewable Energy and the New in the country and released IRENA’s Egypt Turkey aims to formulate aand Renewable Energy Authority Renewable Energy Outlook report, a new mechanism to support(NREA) together with the International comprehensive assessment of Egypt’s full new renewable energy projects.Renewable Energy Agency (IRENA) renewable energy potential. European Bank for Reconstructionco-organised the country’s first high- and Development (EBRD), a majorlevel renewable energy conference in the Egypt aims to source 20 per cent of investor, will reportedly support theseEgyptian capital, Cairo. its electricity from renewable sources by projects. Andi Aranitasi, a senior 2022, rising to 42 per cent by 2035 as it banker at EBRD confirmed that they The three-day Egypt Renewable Energy works to meet rising demand for power. support Turkey’s bid to prepare a newConference, held from October 9 to 11, Total installed capacity currently stands renewable energy support mechanismseeked to advance renewables development at around 3.9 gigawatts, much of which is for investments after 2020. from hydropower. “They are intending to come up with a new mechanism on how to support renewables. As the EBRD, we are working with the ministry to see whether we can come up with a new scheme which hopefully they will announce toward the end of this year that will support the renewables after 2020,” he said. “Still the idea is to offer minimum guarantee for revenues. I think if we manage to achieve [this], it will allow renewables to continue to grow - even the guarantee is minimum, it will be enough to support. Renewables are big cornerstones of Turkish energy strategy,” he added.14 | Energy Next | October 2018

NEWSDenmark, New York partner on offshore projects Uganda joins handsDenmark and New York has put their Germany for renewable heads together on offshore wind with New York. We are delighted to share the energyprojects. A memorandum of understanding lessons that we have learned over the years(MoU) has been signed between the New with NYSERDA. The German GovernmentYork State Energy Research and Development contributed a grant of 30 millionAuthority and the Danish Ministry of Energy, “In our experience, offshore wind provides Euros to the project “Support of theUtilities and Climate to enhance cooperation affordable, reliable and clean energy, while Water and Sanitation Developmenton offshore wind energy. creating scores of jobs and growing the Facilities North and East” KfW bank. economy. I hope that our collaboration Meanwhile, Uganda contributed 10 The agreement signed on 27 September will help New York to develop its abundant percent of the development partnerslets the partners exchange expertise and offshore wind energy resources,” he added. funds. The project aimed to provide safe,knowledge on offshore wind development adequate and sustainable water supplywith areas of cooperation being and sanitation to the towns of Uganda.infrastructure, supply chain, workforcedevelopment and procurement. Germany promoted the installation of solar power supply systems as a Danish Minister of Energy, Utilities and sustainable energy source for the pipedClimate Lars Christian Lilleholt said, “I am water supply schemes. Efficient andvery proud that Denmark has signed an MoU affordable raw water treatment methods were also developed with the cooperationUAE provides funds for renewable projects in the of CES, a German consultant.CaribbeanThe United Arab Emirates (UAE) has confirmed US $34.5 million grants island countries since 2013 to implementto fund renewable energy projects in the renewable energy projects that reduce energy costs and create jobs.”Caribbean. The announcement was madeby UAE’s Minister of Climate Change andEnvironment Dr. Thani bin Ahmed AlZeyoudi during Bloomberg Global BusinessForum.The US $34.5 million comes on the heelsof US $15 million of projects announcedlast year. Talking about the development,Minister Al Zeyoudi said, “The UAE ishonoured to have partnered with over 30Denmark launches its first technology-neutral tenderT he country’s first technology- believed to be equivalent to 140MW of neutral renewable energy tender onshore wind.with a premium price cap of DKK 130/MWh (€17.43/MWh) has been launched According to DKVind chairmanby the Danish Energy Agency (DEA). It Christian Kjær, developers might chooseannounced that bids must be submitted to wait until next year, when the budgetby November26, and projects must be at is bigger, before putting their projects.a late development stage. “We have many projects. There are many players, and there is a sensible The tender is part of a scheme mix of small and large projects. Thereapproved by the European Commission are far more projects than money hasin August which has a total budget of been earmarked for. It promises goodDKK 842 million (€112 million. This is competition,” he said. October 2018 | Energy Next | 15

RE-INVESTPM inaugurates 2ndGlobal RE-InvestThe 2nd RE-INVEST aimed at accelerating the worldwide effortto scale up renewable energy and connect the global investmentcommunity with Indian energy stakeholdersrime Minister Narendra Modi inaugurated of the the 2nd Global on biomass, biofuel and bio-energy. He RE-Invest (Renewable Energy said efforts are being made to make India’s transport system clean fuel based. He saidPInvestors’ Meet and Expo) at that by converting bio-waste to biofuel, India talk of organisations for the welfare of mankind established in the 21st century, the International Solar Alliance will be at the top of the list. He said this is a greatVigyan Bhawan on October 2. The event forum to work towards ensuring climate is converting a challenge into an opportunity.also marked the inauguration of the second justice. He said the International Solar He emphasized that if the dream of “OneIORA Renewable Energy Ministerial Alliance could replace OPEC as the key World, One Sun and One Grid” is followed,Meeting, and the first Assembly of the global energy supplier in the future. uninterrupted power supply can be ensured.international Solar Alliance. The Secretary The Prime Minister said that the effect of He further announced plans to launch aGeneral of the United Nations Antonio increased use of renewable energy is now National Energy Storage Mission that will lookGuterres was present on the occasion. visible in India. He added that India is working at manufacturing, deployment, technologyAddressing the gathering, Modi said towards the goals of the Paris Agreement development and policy framework.that in the last 150 to 200 years, mankind through an action plan. He said that the target Addressing the gathering, Secretaryhas depended on fossil fuels for energy is to generate 40 percent of India’s total energy General of United Nations, Antonioneeds. He said nature is now indicating requirements in 2030, by non fossil fuel based Guterres said that climate change is anthat options such as solar, wind and sources. He said India is developing with a new existential threat for all. He emphasizedwater, offer more sustainable energy self-confidence of “Poverty to Power.” that the International Solar Alliancesolutions. In this context, he expressed The Prime Minister added that besides represents the future of energy scenarioconfidence that in future, when people solar and wind power, India is working the world over. Pointing out that the world16 | Energy Next | October 2018

INNAUGURATION The Business and Technical Sessions of ISA Assembly, IORA Meet and RE- INVEST 2018 Expo was held at India Expo Mart, Greater Noida, Uttar Pradesh from October 3 to 5is witnessing a global renewable energy The Business and Technical Sessions of ISA to assist and help achieve the commonrevolution, the UN Secretary General Assembly, IORA Meet and RE-INVEST 2018 goals of increasing the use of solarhoped that the age of fossil fuels will end Expo was held at India Expo Mart, Greater energy in meeting energy needs ofwith a replacement for them. Guterres said Noida, Uttar Pradesh from October 3 to 5. prospective ISA member countries in athat he would convene a Climate Summit safe, convenient, affordable, equitable andnext December to bring climate action to ll International Solar sustainable manner.the top of international agenda. Alliance International Solar Alliance (ISA), an In conformity with the ISA Framework Speaking on the occasion, Union alliance of 121 solar resource rich countries Agreement, 30 days after ratification byMinister of External Affairs, Sushma lying fully or partially between the Tropics the 15th country, on December 6, 2017,Swaraj said that the International Solar of Cancer and Capricorn. ISA was jointly ISA became the first full-fledged treatyAlliance is an endearing reality. She launched by the Prime Minister Narendra based international intergovernmentalpointed out that the goal of the three Modi and the then President of France organization headquartered in India.events inaugurated today is to promote François Hollande on November 30, 2015 Through this initiative, the countries,sustainable development for a better world. in Paris, France on the side-lines of the inter alia, share the collective ambition: 21st Conference of Parties (CoP 21) to the • to address obstacles that stand in the way A short film on the ‘Journey of United Nations Framework Convention of rapid and massive scale-up of solar energy;Renewable Energy in India” was screened. on Climate Change. The ISA Framework • to undertake innovative and concertedAnother film on Student Initiative on Agreement was opened for signature on 15 efforts for reducing the cost of financeSolar Lamp was also shown on the November 2016 in Marrakech, Morocco, and cost of technology for immediateoccasion. Almost 100 students from on the side-lines of CoP-22. deployment of competitive solar generation;various schools lit the Solar Study Lamp at • to mobilise more than 1000 Billion USthe inaugural function. The vision and mission of the Dollars of investments by 2030. International Solar Alliance is to provide Power Minister R.K Singh presented a dedicated platform for cooperation The government has committed Rs.175saplings to the dignitaries on the occasion. among solar resource rich countries that crore for setting up of ISA and till dateR.K Singh also delivered the vote of thanks. lie completely or partial between the released a sum of Rs 145 crore for creating Tropics of Capricorn & Cancer, the global a corpus fund, building infrastructure and stakeholders, including bilateral and meeting day to day recurring expenditure. multilateral organizations, corporates, and industry to make a positive contribution On March 11, Prime Minister Narendra Modi and French President Emmanuel Macron co-hosted the founding conference October 2018 | Energy Next | 17

RE-INVEST | INNAUGURATIONof the International Solar Alliance (ISA). Framework will attend the Assembly as investment community with Indian48 countries, including 25 Heads of States Members. Countries that have signed but energy stakeholders. It included a three-participated in this conference. In addition, are yet to ratify the ISA Treaty Framework day Conference on renewables, cleantechthere were representations from the United will attend the Assembly as Observers. and future energy choices, and an ExpoNations, multilateral development banks, Around 75 country delegations had of renewables-related manufacturers,energy-related think tanks, corporate confirmed participation. This includes 36 developers, investors and innovators.sector and civil society. member countries, 24 observer countries, 12 prospective member countries and The 2nd RE-INVEST provided a The Delhi Solar Agenda, adopted in 3 partner countries. Ministerial level great opportunity to various countries,the Founding Conference of the ISA, participation has been confirmed from 22 states, business houses and organisationsstates that the ISA member States inter- member countries, 10 observer countries to showcase their business strategies,alia have agreed to pursue an increased and 3 prospective member countries. achievements and expectations. Itshare of solar energy in the final energy facilitated collaboration and cooperationconsumption in respective national ll Indian Ocean Rim with key stakeholders in India, whichenergy mix, as a means of tackling global Association has today emerged as one of the world’schallenges of climate change and as a The Indian Ocean Rim Association was largest renewable energy markets.cost-effective solution by supporting set up with the objective of strengtheningand implementing policy initiatives and regional cooperation and sustainable The 2nd RE-INVEST was attended byparticipation of all relevant stakeholders, development within the Indian Ocean Ministerial Delegations from across theas applicable, in respective States. Region with 21 Member States and 7 world including ISA and IORA Member Dialogue Partners. India will be hosting Countries, over 600 global industry Till date, out of 121 prospective member 2nd IORA Renewable Energy Ministerial leaders, and 10,000 delegates. 15 Indiancountries that lie either fully or partially meet. In this meeting, Ministers from 9 states participated with 7 focused countrybetween the Tropics of Cancer and member countries and delegates from presentations, and over 150 speakersCapricorn, 70 countries have signed the all 21 member countries are expected including 55 international speakers fromFramework Agreement of the ISA. 44 of to participate. India, Australia, Iran, 15 countries spoke at the event. RE-these countries have ratified the ISA treaty. Indonesia Thailand, Malaysia, South INVEST included 50 plenary and technical Africa, Mozambique, Kenya, Sri Lanka, sessions, a special Chief Ministerial plenary The first Assembly, in a way, laid the Tanzania, Bangladesh, Singapore, session, exhibition with over 100 exhibitingfoundation for global Solar Agenda. The Mauritius, Madagascar, UAE, Yemen, companies, and focused sessions on Start-Assembly, as supreme decision making Seychelles, Somalia, Comoros and Oman ups and Human Resource Development.body of the ISA, will steer the process are members of IORA.to significantly harness solar energy Globally, India stands 5th in renewablefor achieving universal energy access ll RE-INVEST 2018 power, 4th in wind power and 5th in solarat affordable rates. The Assembly will The 2nd RE-INVEST aimed at accelerating power installed capacity. India is one ofadjudicate upon various administrative, the worldwide effort to scale up the world’s largest green energy markets,financial and programme related issues. renewable energy and connect the global with exponential increase in demand andMinisters from ISA countries have supply. Renewable energy developmentbeen invited for the Assembly. The and deployment has received proactivecountries that have ratified the ISA Treaty policy support, including 100 percent foreign investment. The government is aiming to exceed the set target of 175 GW renewable energy capacity by 2022. RE-Invest is a global platform to explore strategies for development and deployment of renewables. It showcases India’s green energy market and the Government’s efforts to scale up capacity to meet the national energy demand in socially, economically and ecologically sustainable ways. The 2nd Global RE- Invest built upon the success of RE-Invest 2015 and provided an international forum to established players as well as new segments of investors and entrepreneurs to engage, ideate and innovate. Source: PIB18 | Energy Next | October 2018

From Mega watts to Giga watts Envisioning a Greener Tomorrow with Renewable EnergyENCOURAGING GREEN-POWER TODAY ENERGISING INDIA’S TOMORROW Energy for Ever Loan Sanctions (Rs. Crores) (2012 - 2017) Loan Sanctions Gol’s target of 5x increase 4th largest wind 12000 7,806 10,199in renewable energy capacity installations in the 10000 2015-16 2016-17 to 175,000 MW by 2022 world 8000 6000 4000 3,747 3,818 4,540 2000 2012-13 One of the largest CO2 2013-14 2014-15solar programs in the world 0 All IREDA funded projects with planned capacity of are helping in avoiding Funded more than 2,382 renewable energy projects 100 GW by 2022 CO2 emissions Indian Renewable Energy Development Agency Ltd. (A Govt. of India Enterprise) A Mini Ratna PSU under Ministry of New and Renewable Energy www.ireda.in Corporate Office: 3rd Floor, August Kranti Bhawan, Bhikaiji Cama Place, New Delhi 110 066, Tel: +91 11 26717400 - 26717412Registered Office: India Habitat Centre, East Court, Core-4A, 1st Floor, Lodhi Road, New Delhi 110003, Tel: +91 11 24682206 - 24682219 October 2018 | Energy Next | 19

Innovative financial models:Bankers’ perspective In order to meet the growing expectation of finance in renewable energy sector there is a need to discuss bankers’ perspective in relation to allocation & recyclingof capital investment, innovative financial model and plausible innovative financial framework to reach its goal. There has been substantial progress in renewable energy sector with a strong regulatory push and tariffs below grid parity. 20 | Energy Next | October 2018

FINANCINGChinmoy GangopadhyayDirector (Projects) - (PPoowweerrFFininaanncceeCCoorrppoorraattioionn)RRE gErgorwotwhtahtafut rfuioruiosursatreate espFeicrisatlwlyewhiathveretonebwrianbgleinenaeprgoyli,cbyewcahuisceh dtheeailrs geesspteactioalnlypweritiohdreisnesmwabllleinencoemrgpy,arisonInstalIlantsitoanllaotfioRnenoefwRaebnleewEanbelergEynoeurgt yploaucetd btoecoatuhseer tsheceitrorgsesatnadtioentpryerainod iesxsitmbaalrlriinerspthlaeciendsttahlleaitniosntaollfatoitohnerofsouthrceerssouf ercneesrgoyf, and caoremaplsaorivseornytloowot.her sectors and entry andethneerrmgya,lawndastohuertmplaalcweda.sTohuet NplDacFeCd.(TNhaetiNonDaFlC exiDt buaerrtoierthseareeasaylseonvterryyalnodwe. xit, only few(DNeavteiolonpaml DenetvFelionpamnceenCt FoirnpaonrcaetioCno)ripnopraotwioenr) serDioues tdoevtheeloepaesry/iennstrayllearnsdareexiatb, olentloy pfeuwllisnecptorwdeeraslescwtoirthdleaarlgsewhiythdrloar, gseolHary, dwrion,dSoanladr, sitetrhioruous gDhe.vAelnooptehre/rInpsrtoabllleerms airsedaibffliecutoltypuinllWverinydlitatnledinverreynleitwtlaebilne ReneenregwyasbelcetoErnwerhgiych iatstshesrsomugehn.tAofntohtehevriapbriolibtyleomf liosndgi-ffdicuuralttyioinsceocntcoerrwnshwicihthcobniocmeransss.wBituht BheioremaatsRs.EB-uInt vheesrte apsrsoejsescmtse. nTthoefptrhoepveiraabdilditryeossfinlognogf-dthueraqtuioanlityawteRaEre-Ilnovoeksitnwgeaat rteheloroeknienwgaabtltehsesurecnheawsasbolleasr, pofropjaenctesl.sTwhaesparlsoopenroatdvdereyswsienlgl roefgtihsteerqeuda.lityswuicnhd,ahsysdolraor,pwroinjedc,tshyindrpoarptriocujelcatrs. Winepharatviecular. oImf ppalenmelesnwtatsioanlsopenroiot dveirsyvwereyllsrmegailsltwerheidc.hWsanechtaiovneesdan2c5t0iopneerdce2n5t0mpoerecetnhtamn woreehthavaen we Irmaispeletmheecnotastiofninpsetraiolladtiosnv.eTryhsemseaalrlewthhiechhspaevnetsipnen20t 1in6-21071;6t-h1e7g;rtohwe tghroiswatthfiusraiot ufusrriaotuesin rfeawisechthaellecnosgteos fifinadstdarlleastsieodn.inThaensaepaprerotphreiaterthaties sinectthoirs. sWecetoar.eWtreyianrgetorysitnagbitloizsetathbeiliszuedden fmewancnhearllceanngelesaidf atdhderreesnsewdainblaenenaperpgryopsericattoer totghroewsuthddinenregnreowathblienerneenregwyasbecletoern, ewrghyicshecotourl,d ma satnabnielirzceagnrolewatdht.he Renewable energy sectorwalshoicghocootuhledrawlsisoegifonootht merwanisaegeifdneoffticmieanntalyg.ed to a stabilize growth.effiFciresnttwly.e have to bring in a policy which deals Rohit Khanna Program Manager of the Energy Sector Management Assistance Program, World Bank, India countries are scoring high. Seven years Pradesh, India has been a great motivation for ago only Germany scored in this category all of us also. The President of World Bank of renewable energy and now in 2017 has announced major acceleration in the the data number has gone up to 25 and deployment of battery storage. World Bank is at the bottom it has been reduced to 34. completely devoted to positive transformation in renewable sector. It is very good news, because it shows‘R‘Rise iIsnedIenxd’ esxo’asroinagrinhgighigh the growing interest of countries in renewable favorable policies. ThoughThe worTkhoefwWoorkrlodfBWanokrldisBtoanskeeishtoowsee implementation policy is lagging behind,hthoewcothuenctroiuesntarrieesdaoriengdoininrgesipnornespe otonse its improving but still a lot needs to betohetihrepirolpicoylic&y r&egruelgautolartyoreynveinrvoinrmonemntent done.in renewable energy, for that we have • 92 percent countries have renewable“Rise Index” in which more and more energy target plan • 80 percent have renewable energy action plan • 68 percent have regulation for small producers to connect to grid Only 25 percent countries have bankable PPA’s, there is improvement in this area, more and more projects are becoming bankable. Renewable in electricity have gathered majority of the attention and led to the ignorance of renewables in transport, heating and cooling. Solar parks approach in Madhya October 2018 | Energy Next | 21

RE-INVEST Carolin Gassner Director, KfW Development Bank Germany and its good regulatory environment In Germany, the development of renewable energy sector was not competitive. It turned into a success story because of its good regulatory environment, better incentive structure and feed-in- tariff. Germany was also able to achieve 100 GW installed capacity; 60 GW in wind (onshore- offshore) sector and 40 GW in wind energy sector. The banks also Co-financed 50% of installed capacity by our very popular standardizes loan program for renewable Energy sector. It’s easy and fast approval process, has made the development even quicker. We can easily say that tariff structure was not as competitive as it is in India. The developers don’t have to quote pricing and there were various incentives to boost the renewable sector for the development.Charles YatesManaging Director, CmY Consultants Ltd Taiwan embarks on offshore wind Michael Waldron I have been working with MNRE for 4 years and advising Energy Investment Analyst, them on various policies associated with renewable International Energy Agency energy sectors growth. It has been a pleasure working with them. One of our biggest success stories is Taiwan, India - a competitive market which is bringing offshore finance in offshore wind sector. Taiwan which is a middle-income country is I have worked with IREDA’s Popli and other two planning to embark with a very ambitious project predecessors and it was a wonderful experience on Offshore Winds of 5.5 GW which is to come in working with them. I congratulate India for operation by 2025. There are lots of challenges which creating a competitive market in last three years, are faced by countries in terms of finances, but with which is a very short span of time. UDAY (Ujjwal Discom Assurance Yojana) program started by assistance of international banks along with domestic ministry of power in 2015 brings about massive banks, investment in renewable energy sector can really help rotation of capital. The aim of UDAY scheme is to in mitigating the risk factor. find a permanent solution to the financial problem which is faced during the power distribution, by the electricity distribution company of India. This initiative could be set as a model for rest of the world. I would really like ISA (International Solar alliance) to create a case study on Indian growth and discovery to educate the rest of world.22 | Energy Next | October 2018

FINANCINGPawan AgarwalSr. President & Dy. Head Corporate Finance & Global HeadRenewable Energy, YES Bank LtdBanks and risk free investments and planet. take measure by developing an institution Banks are good at underwriting finance named SECI, which takes care of properA Banker’s job is to make an investment payment security risk management.risk-free and bankable. I have been closely projects, good in accessing projectinvolved with RE-Invest, IREDA, ISA, as a risks, knows situation on ground level. I The renewable energy project canprivate sector member. The target of 175MW must say our government has been very develop a very vibrant market for foreign-100 MW in solar by 2020 seems achievable supportive in mitigating the risk involved. developers, seeing it’s futuristic and cashand instead look less. We are on the passage flowing nature.of replacing fossil-fuel generation stations Another risk was concerned with thewith Bio-fuel generation stations. Renewable tariff price which government wantedEnergy contribution to our electricity to bring down, and likewise coherentdemand is somewhere around 2-3% and responses were coming from debt85% of which we are still dependent on fossil investors and equity investors. The highestfuels, so there is an opportunity of 40 times risk was around “Land acquisition”more for us to explore and invest. With and government came out with solarTariff ’s coming down, the cost of power ha parks. This gave lot of comfort to thecontinues to go down. international developers, who now don’t have to dirty their hands in the window “Free electricity could be a norm in clearance process and land acquisition.future or almost free” With this we can see a large flood of international investors in our country, and Another important thing is the same with ISA member countries.International trading of power isnegligible and insolvable technological Next is the payment risks in whichcommercial viability, needs to be accessed. the financial health of Discom’s is notIf the solar ambition of “one sun, one at reasonable level of comfort to all thegrid, and one world” reaches to GDP poor investors. The Discoms were unable tocountries, they might become the exporter pay their dues within their date obligationof clean and sustainable energy, which will which deterred the foreign institutionsincrease the overall health of our people involvement, which led government to October 2018 | Energy Next | 23

Re invest | australiaBlock chain solutionsAustralia’s new energy system is resilient and and offers value creationopportunities for all players including consumers and investors. BlockchainAworks best in highly complex, transactive environment country session titled Power Ledger Blockchain solutions ‘Australia: An Innovation allow peer-to-peer electricity Partner in Renewable trading, microgrid management, Energy’ was held on day two virtual power plants, carbon productof the 2nd Global Re-Invest India-ISAPartnership Renewable Energy InvestorsMeet & Expo. The session gave a glimpsetrading and a host of other appsinto solutions such as block chain, remoteelectrification, storage, ConcentratedSolar Power (CSP) and pumped hydrostorage. It was co-ordinated by MunishSharma, Trade Commissioner, AustralianTrade and Investment Commission,Australian Government.David Martin, Co-Founder andM.D, Power Ledger, said, “Traditionalcentralized energy systems are expensive,inefficient and carbon intensive.Australia’s new energy system is resilientand offers value creation opportunitiesfor all players including consumers andinvestors. Blockchain works best inhighly complex, transactive environment– the platform is huge – Power LedgerBlockchain solutions allow peer-to-peer electricity trading, microgridmanagement, virtual power plants, carbonproduct trading and a host of other apps.”Wayne Liubinskas, Co-Founderand Chief Growth Officer, Village We are already doing a project in Andhra analysis and grid connection,” he added.Energy, focused on India’s rural milieu Pradesh and looking for more states to ArturZawadski, CEO, Sunrise CSP,while drawing attention to the fact that partner with.” elucidated on the technology for theIndian distributors lose a large amount Ajay Sharma, International development of cost-competitive, utility-for every unit of energy delivered to Director & MD (India) for Entura, scale electricity generation and highrural consumers. He added, “A range of shared the future of the energy sector temperature industrial process heat systems,technical and commercial issues cause relies on dispatchable renewables where that his company offers, “For us, ‘Makethese losses - energy theft, load shedding, renewable generation combines with in India’ is very important. Our Big Dishnon-payment of bills, etc. Advanced long-term energy storage. He elaborated technology is designed to be manufacturedtechnologies such as Internet of Things, on how pumped hydro energy storage on the site. And it can be deployed toArtificial Intelligence, big data, Edge is gaining popularity. “We have tuned provide thermal energy for a diverse rangeComputing can help solve these issues. our capabilities accordingly, combining of high temperature industrial processesCoupled with distributed energy, it offers significant expertise in utility-scale such as desalination, chemical production,governments lower cost alternatives and hydropower, solar and wind farms and agri processing, etc.”puts power in the hands of consumers. hybrid projects with power systems24 | Energy Next | October 2018

RE invest | afghanistanAfghanistan’s roadmaptowards renewable energyAfghanistan, on road to renewable energy path, has planned good policiesand aims to capture 200 MW in solar within next five years. Overall capacityin solar and wind is 220 GW and 70 GW respectively, says Mohammad GulKhulmi, Deputy Minister of energy and water, AfghanistanW e have right now started transmission line and trade, which our needs for resources, but also for the with solar installation connected Kyrgyzstan, Tajikistan, and protection of human resources. of 40 MW on grid, as true Afghanistan with Pakistan. We really our first project. There mean one grid and it’s possible only if Climate change is coming at fasteron, only 40 percentAfghan people are we believe in that, because we all have pace and damaging us, so the protectionconnected to grid, 80 percent of that common resources which connect us of resources for future generation is ourproduction is coming from neighboring together, with this we will have renewable job. In Afghanistan we have a program,countries. We paid 300 million dollars last energy permanently, sun over our head. with which we are going forward and theyear just to import electricity. With that It is true that non- renewable energy will good thing is, we have learned lesson fromhuge capacity we believe that we should end one day, but sun will remain till the India’s mistake and we will not repeatgo for renewable energy, therefore we have end of life will not shut down. what India did. The meeting with Powergood planned policies, with which we can Minister R K Singh promised us lot ofcapture 200 MW in solar within next five All the countries should together use support for Afghanistan future endeavoryears. Our overall capacity in solar is 220 renewable energy not only to satisfy in renewable sector.GW and we have good wind resourcesalso, 60-70-GW. All the countries should together use renewable energy not only to satisfy I have participated in the first our needs for resources, but also forInternational Solar Alliance assembly of the protection of human resourceswhich we became partners and I am veryhappy with that, let me copy the part ofmessage that PM of India said, “One sun,one grid, oneworld”. We as Afghanistan believe in that andwe have already started connecting centralAsia with south Asia. We connectedwith project called CASA 1000, CentralAsia-South Asia project with 1000 MW October 2018 | Energy Next | 25

SOLARFuture of solarenergy in IndiaThe main focus of NISE is to provide solution to testing andstandardization, says Arun Tripathi, Director General, NationalInstitute of Solar Energy, in an interaction with Energy Next teamQ What is your vision on Indian Standards). We don’t have to get course. This makes a person perfect NISE? the approval of each lab since we are well to take a job or start its own business NISE has three main focuses- recognized. Then to develop the standards or can become an entrepreneur thatfirst is to provide solution to testing and there are many systems which need is how NISE is preparing manpower.standardization. NISE has testing labs for standards to be developed. So with BIS, We are implementing Suryamitra Skillall, and is recognized by BIS (Bureau of we are working to develop standard for Development program for technicians lighting, water pumping system which are those who can take operation and not under BIS or international standard maintenance at field level and these that is what NISE is focusing on. people are in a big no. and we have a target of around 50,000. We have already Second is capacity building, we have achieved the target of 20,000 before now started more than 10 types of program planning 15,000 for this year. By 2022, we and more aspects of solar energy right have to complete 50,000 targets. The best from technicians, energy, entrepreneurs part in this is that more than 70 percent and even academicians. We have seen that are directly employed by the companies, lot of academic Institution are lacking rest who don’t want employment start understanding of latest development so their own businesses. These forces have NISE is constantly conducting training become supportive to run a large 20 GW for them. Our training is ranging from mission. 5 to 21 days. We have started 6 months professional course on solar energy, there Third thing is commercialization of is also an advance solar professional NISE technologies. We have developed26 | Energy Next | October 2018

IN-CONVERSATION5- 6 types of new technologies, which we development of the system, development units and capacity in our country. Theare commercializing such as: solar drying dependent on end use of application. We steps which NISE have taken are fromsystem, Solar cold storage, milk chilling have different end use of application in a technical side which is providing asystem, water heating system, drinking comparison to our country, we need our technical know-how of working withwater system. These are the few steps home to cool and some need their home them. The most important thing whichwe are planning to bring in for product to be warm so far that we need solar based is required for manufacturing sector is atdevelopment by NISE and taking it to refrigeration system. Which has ample policy level.market. So that it will have faith of people scope; solar thermal would expand theand standard will sustain and will come scope of its reach. I will be very blunt when I say this,out as a big thing. “that our country’s policies are not at all Which could be the next step manufacturer-friendly”. The manufacturers NISE is promoting Make in India to attract investment in RE- should be provided land, power, andcampaign initiated by government. We Invest? subsidies for setting up their system andare focusing on those startups, which are In 2015 RE-invest, it was just the starting assured market, which is already availableworking in India and we are conducting and then the framework was not decided in India. If market is available nothingorientation for them and we will tell them even. It was approx. Rs. 2067 crores by can stop us from getting there. We need toright from the beginning the complete those companies that much hasn’t come recognize where and why we are lackingconcept. We also work with financial this year, but it came in a big way. behind. These issues are stopping usinstitutions to arrange funds for them and and that’s why China is exporting in ourto encourage Make in India campaign. What are the concerns which country and taking the profits. Our foreignWe also provide certificates recognized by need to be addressed in policies are written but rigid, it needs tobanks and financial institutions. context of solar industry in be strengthened. China is providing 30 today’s time? percent subsidy for export. I don’t say itDo you think we will be able to Manufacturing in India is of utmost should be subsidy oriented in our countryachieve the target of 100GW concern because whatever India is doing but at least facilities, infrastructure; singleset by India in renewable is going to China, our 70 percent plus window clearance for everything in aenergy sector? revenue is also going to China, so we must week’s time, low cost loan and financeOur target of 100 GW, India will step up and reverse the trend by hook or should be looked upon and reframedoverachieve. We have already captured crook. We could have had easily retained seeing the today’s market trend to favor23,000 MW and planning to achieve the money which went to these countries, manufacturers. Indian manufacturer bear30,000 MW. The path contains few if we have had better manufacturing high cost of financing 8-14 percent bracket,hiccups and issues at the field level but which makes manufacturing unviable.we can see that the whole country andall states are supporting this move, theyare coming together, regulators arebringing policies and I am sure of targetachievement.Discuss over the importance ofR&D in Indian market?R&D is necessary for every country, as perone’s own requirement. Every country isdifferent, their operating condition, grid,weather condition is different. R&D ofother countries is not 100 percent relevantin Indian context. R&D is of two types and India mustfocus on both types:• Basic R&D- It should never be left, evenit is being developed at develop world, weshould still have our own organic cells andmany new technologies are coming up. InIndia the more focus is needed on basicR&D.• Applied R&D- It is basically a product October 2018 | Energy Next | 27

Energy efficiency‘LED market has witnessed70 percent growth’EESL has distributed over 310 million LED bulbs across India under UJALAprogram, translating to estimated annual cost reduction of USD 2.4 billion inconsumer electricity bills, says Saurabh Kumar, Managing Director, EnergyEfficiency Services Limited in an interaction with Anurima MondalQHow has your journey agencies and agents like Bureau of Energy for energy efficiency technologies and so towards mainstreaming Efficiency and EESL. encourage not only domestic manufacture of these applications, but also make energy energy efficiency in India With this foundation, EESL has aimed efficiency an affordable and attractive to unlock and sustain markets for energy prospect for the Indian consumer.been so far? What are your key efficiency, estimated at an annual US$ 12 billion in India alone, through demand- An organizational philosophy oflearnings? side initiatives. Our efforts to transform the ‘Enabling More’– more transparency, moreEESL’s journey is a culmination of past markets for several energy efficiency solutions transformation, and more innovation–is theefforts by a variety of stakeholders, including - agriculture and municipal pump sets, unifying element to all our efforts, and allowslegislators and industry, to increase the domestic and street lighting, smart meters, for incentive alignment across the value chain.prominence of responsible energy use in the electric mobility, and solar lamps- have yieldedconsumer’s conscience and to harness the encouraging results, cumulatively leading We will continue to build on thesepotential for reduced energy consumption to energy savings of over 41 billion kWh achievements, endeavouring to stimulatethrough energy efficiency-focused measures, and reductions of over 32 million tonnes of markets for solutions that are relevant to theestimated at 20 percent, over the last decade. greenhouse gas (GHG) emissions across the bulk of society, recalibrating the ecosystemMilestone legislations such as the Energy globe in just the last 3 years. to enable adoption of these solutions andConservation Act 2001 and the Electricity driving large-scale social impact.Act 2003, which created clear directions Our key learning has been the importancefor energy efficiency in industry, and the of flexibility and replicability in scale-oriented What is the status of LED growthNational Mission for Enhanced Energy business models, and this aspect has taken in India? Tell us about the nextEfficiency (NMEEE), including among other center stage in EESL’s overall approach towards phase of growth for LEDs.measures, market-based initiatives to induce energy efficiency and sustainability. EESL’s We have successfully created demandconsumers – individuals, households, pay-as-you-save business model – in which momentum for energy efficiency andinstitutions or industries - to reduce their the upfront procurement and installation costs transformed the market for LED lightingenergy consumption and enable India to for energy efficiency interventions are borne through UJALA (Unnat Jyoti by Affordablemeet global standards of energy efficiency by EESL and the monetised savings over time LEDs for All) programme that waslaid the groundwork for the efforts of are used to recover the cost of investment from inaugurated Prime Minister in January the energy consumer- has been successfully 2015. Till date, we have distributed over 310 replicated across geographies and technology million LED bulbs across India under the solutions to create market access for efficient program, translating to estimated annual cost and future-ready transformative solutions that reduction of USD 2.4 billion in consumer create win-win situations for all stakeholders. electricity bills and annual CO2 emission reductions of nearly 33 million tonnes. For India, a market that is highly price- sensitive, the price precedent and long-term Additionally, the LED market has grown impacts are driving demand for energy from less than 1 percent in 2014-15 to almost efficient solutions, whileone of the most 70 percent in the present day, with the sale of noteworthy aspects of our success is that LED bulbs in the Indian market projected to market transformation for energy efficiency increase by 60 percent between 2016 and 2020. is being achieved without any government Due to a concerted bulk procurement effort, subsidies. EESL has mastered the energy the market price for LED’s has also reduced service business model to aggregate demand by nearly 80percent during the course of the28 | Energy Next | October 2018

EESLprogram’s implementation. Pradesh, Gujarat, Maharashtra and Jharkhand. What is the overall energy saving Similarly, under Streetlight National Through the EV programme, EESL aims to we have achieved as a result of all these initiatives? What are theProgram (SLNP) the installation of 6.9 create an eco-system for manufacturers and other focus areas for EESL?million LED streetlights in 28 states and suppliers to invest in EV in India, aggregate Energy efficiency initiatives beingUnion Territories across India, covering demand through bulk procurement, implemented by EESL have cumulativelyover 80,000 kilometres of roads, has saved guarantee payment to suppliers, and conduct led to energy savings of over 41 billionover 782.6 MW of peak demand per year awareness activities for consumers. In kWh and a reduction of over 32 millionand reduced annual GHG emissions by doing so, EESL is addressing and resolving tonnes of greenhouse gas (GHG)3.23 million tonnes. Our business model challenges that have inhibited the growth of emissions across the globe.–of making the entire upfront investment, the industry, such as low product demand,changing the street lights from conventional high financial risk and costs for industries, Along with our most recent venture intoto LEDs, making them smart via remote and a lack of consumer awareness. trigeneration and CHP technology, we areoperations and fault detection – enables us also attempting to introduce district energyto guarantee a minimum 50 percent savings That said, targeted policy and regulatory systems to India, along with battery storagein cost to energy consumers. interventions will also significantly aid technology through international partnerships the effort to enable India’s emobility and collaborative programs. Additionally, Over the next 5 years, energy efficient market to achieve scale and realise its EESL is also exploring strategic partnershipspublic lighting will remain a big focus area potential. Standards for charging stations, with cleantech organisations across Europe.for us. Both central and state governments are harmonized with those in internationalgearing up to take the benefits of SLNP to the markets, are needed to guide industry EESL is working towards makingvillages. In June 2017, Government of India and encourage development of requisite measurable progress in the global movementannounced that EESL would be retrofitting 10 supporting infrastructure. towards energy sustainability and towardslakh conventional street lights with LED lights strengthening India’s energy security.in gram panchayats of 7 districts in Andhra Additionally, fiscal incentives, such as taxPradesh. As the first project for rural LED waivers, will support market growth through What prospects/investment dostreet lighting in the country under SLNP, reduced costs for the development and you look at gaining from REInvestEESL has retrofitted 10 lakh LED lights in deployment of EV technology at scale. 2018?gram panchayats in Andhra Pradesh under REInvest 2018 signified an importantthe first phase and is preparing for installing We are thus eagerly awaiting the FAME milestone in India’s journey towards clean13 lakh LED lights in the second phase. EESL II policy, which is in advanced stages of energy-driven growth, and outlined theis in discussion with other states and with the discussion and is expected to address government’s vision for accelerating thesuccess of Andhra Pradesh, more and more several of these elements, to outline momentum of this growth. EESL will supportstates will come forward. the government’s vision for enabling the government in this endeavor. the future growth of the emobility and auxiliary technology and service sectors.What is the status of thee-vehicle initiative? What kind ofpolicy support, do you think, isneeded to create the ecosystemfor electric cars?Currently, 153 electric vehicles (EV) arerunning on Delhi roads, with an additional400 under various stages of registration.About 370 charging points have been set up tocater to the vehicles that are already running,and we are facilitating the installation of2,500 chargers to cater to 10,000 EVs beingprocured for the government as a part of ourfirst emobility tender. We expect to deliverthese 10,000 cars by March 2019, and havereceived demand for an additional 10,000, forwhich we will circulate a tender keeping inmind the need for robust supporting charginginfrastructure. We have also received demand to boostsuch infrastructure from states like Andhra October 2018 | Energy Next | 29

TERI‘India will need $834 billionto achieve its Paris targets’A green fund could be the tool the Indian market needs to unlockfinancing and scale up clean energy growth, says Dr. Ajay Mathur,Director General, TERI in an interaction with Anurima Mondal QWhat are the milestones conventional power. Evidently, grid parity achieved by us in the with thermal power has already been field of renewable achieved. As for energy efficiency, despite energy and energy efficiency? a growing economy, energy intensity has Do you think adequate continuously fallen from 0.465 MJ/rupee financing is available for in 2006-07 to 0.284 MJ/rupee in 2014-15 renewable energy businesses? to 0.271 MJ/rupee in 2015-16. Further, In the field of renewable energy, power under the Perform, Achieve, Trade generation capacity of over 71GW has (PAT) scheme, a total of 846 designated already been installed which comprises of consumers under PAT cycles II, III and IV 23 GW of solar and 34 GW of wind power. are currently undergoing implementation Wind and solar tariffs have reached Rs. of energy efficiency projects to achieve 2.44/kWh which is lower than those of their assigned targets.30 | Energy Next | October 2018

IN-CONVERSATION India will need $834 billion in financing have to make a decision. What that tells programme is technology agnostic.to achieve its Paris targets that include you is that you need to coordinate the Largely, silicon-based technologiesincreasing the share of non-fossil-based decisions of a lot of people. The success of are used in rooftop solar panels. Highenergy resources to 40 percent of installed the LED programme is that it has created efficiency solar technologies could beelectric power capacity by 2030. It is clear a business model in which millions of useful for space optimisation on rooftops,that public funding alone will not suffice people have been able to coordinate their however, this has to be examined fromand private investment has been limited. decisions in terms of what they will do - incremental cost view point.A green fund could be the tool the Indian buy an LED bulb.market needs to unlock financing and Of 100 GW solar target, 40GWscale up clean energy growth. A green What are the major challenges is to come from solar rooftopfund’s mission is to promote the growth for developers in the sector projects. Do you think ‘rent aof a vibrant clean energy economy. It and how can those be rooftop’ policy can help Indiahas what private banks lack-- a mission addressed? achieve the target?to expand clean energy, specialised Developers in the renewable energy The ‘rent a rooftop’ approach has beenunderwriting expertise in clean sector have grown quite substantially experimented with in Gujarat but thetechnology and access to public capital in terms of capacity and capabilities. tariffs discovered have not been verythat can be used strategically to attract Major challenges facing them would encouraging. It can be useful under certainprivate capital. And because green funds be to continue maintaining quality and conditions where roof owners do not havetypically reinvest their income, effectively completing projects within scheduled sufficient loads to consume the entirerecycling public funds, they can create a time so as not to affect the project production of solar power.bigger market impact than government viability due to penalties. Then there aresubsidies or incentives alone. Supporting financial challenges arising out of dollar On the other hand, net metering policypublic institutions, such as IREDA, to strengthening and GST implications. The which enables consumers to feed extracreate a green fund that can drive the recently imposed 25 percent safeguard power to the grid with some compensationinvestment is vital to reach India’s clean duty on some imported solar panels is has been getting a good response fromenergy goals. also a challenge as it has cost implications. various states. It may be worthwhile to In addition, cost competitive domestic note here that TERI has been involved inWhat is your assessment of the manufacturing remains another major projects aiming at demand aggregationperformance of the renewable challenge before the industry. through consumer awareness andsector during the past year? facilitation campaigns for the SuratAlso, could you share your How do you see the role of Municipal Corporation and BSES inviews on the government’s off-grid solutions like rooftop Dwarka, New Delhi.energy efficiency programmes solar contributing to thesuch as LED initiative and government’s ambitious project India has now imposed 25UJALA? on 175 GW by 2022? Which PV percent safeguard dutyRenewable energy in India has done very technology is best suited for on imported solar panelswell in general, particularly in the past the Indian market? from China and Malaysia.year. We have seen the largest capacity Rooftop solar is an important part of What are your views on thisaddition in renewable energy last year, India’s ongoing clean energy transition, announcement?and it has been more than the capacity with a planned target of 40 GW installed Levying of safeguard duties may not helpaddition in thermal power. India has also capacity of the overall 100 GW of solar by the domestic industry. It would on theintroduced competitive bidding recently 2022 target. However, it is estimated by other hand, increase the cost of solarfor the procurement of wind power for some sources that the current trajectory power, making it less attractive to thethe first time, and this has resulted in of rooftop capacity addition will translate buying utilities, and thus jeopardisingsubstantial reduction in wind power tariffs. into an installed capacity of around 10 the pace of growth of development of GW by 2022. In order to scale up roof solar power, which otherwise needs to Regarding the LED programme, I installations, we would need to develop be boost up at this juncture to achievethink the Prime Minister encapsulated business models especially the RESCO national targets for solar capacity and ourit extremely well while inaugurating the mode, cheap financing options to provide commitments – the Nationally DeterminedLED Ujala programme. He said that if equity and debt support to RESCOs, Contributions – to the UN Climateyou want to set up a power station, then capacity building of discoms with respect Convention. A better option for promotingone person needs to take up a decision to to dynamic analysis of their networks, and domestic industry is for the governmentset up a 1,000MW power station. But, he large consumer awareness campaigns. to competitively procure, for its ownsaid, if you want to make energy savings use, solar electricity generated only fromof 1,000MW, a crore decision makers Regarding PV technology, the present domestically manufactured panels. October 2018 | Energy Next | 31





interview‘Hybridtechnology is inits developmentphase’India being the highest growth renewablemarket on the planet in association withVestas is doing well, says Morten Dyrholm,Group Senior Vice President, Marketing,Communications and Public Affairs, VestasWind Systems A/S and GWEC chairman in aninteraction with Energy Next team.QVestas, providing deal is a testament of our long term strategy and I don’t think so there is any government wind energy solutions, in India working towards renewable energy. in the world, that wouldn’t like to have it. It’s recently grabbed a Our new technological development and the future. I would really like to see India100MW turbine deal in India. expansion of our office in New Delhi is a leading in this field.Could you shed light on the proof that we are among the leading playersproject? in Indian market and our presence has Government initiatedIndia is an important market to us. This new begun to leave a mark in the sector. competitive bidding in the wind power, please react to this and how will it help the sector? What are your views on the I want to present global perspective on this. What is happening in India is new hybrid system? happening globally in the entire market. This is a developing technology, in which We are experiencing drastic movements we are first focusing on the utility scale from stable feed in tariff system to and delivery of hybrid system in Australia market based auction system. This new and next will be in India. This technology auction based system can bring a huge is in its development phase and the Indian difference and will bring more bidders government is trying to bring hybrid which will boost the wind sector. It’s not technology here, which has a huge potential. just an Indian phenomenon it’s a global It’s a proof that the countries wants to move phenomenon. There is a significant price towards base-load type of technology with drop, and entire industry is going through combination of wind and solar. There is new base-load renewable is around the corner34 | Energy Next | October 2018

wind unique experiences that you would like to share about India. What are the bottlenecks you face? How would you like to address these concerns? India is a micro example of what is happening globally. With the move from feed in tariff to auction and with extreme competitiveness of this sector towards fossil fuel is seen all over India. We also see a revolution in India for Hybrid auction, henceforth it’s a reflection of what is happening globally which is showing immense growth in Indian market. If we want to see growth of renewable in electricity sector than India is our No.1 priority. We came from a point where Indian market stalled Vestas sadly decreased its presence but we came back and we are here, and we are here to be the leading players in this market.a phase to get better price of their product shifting more jobs to its market. You have invested inand to have better integration of their establishing a state of artproduct to the system. Markets that were supported manufacturing unit in India, by AD & GBI, do you think it is what is ROI in businessSome turbine makers have ready for competitive bidding. prospects, keeping in mind?been resorting to employee If yes, then how? We are competitive in India. We are hereretrenchment to cope with the Time and again, we have proved that we because we want to do business here; wecurrent market scenario. How are ready for competitive bidding not have proven our cost effectiveness in thehave you been dealing with it? just in India but everywhere, it’s going to market in comparison to our competitiveWe have the strength of more than 25000 take little more time before we find the peers. We have focus on localizing ourpeople in Vestas. We as a team want to right balance. As you can see now that in technology and building state of arts facility.be in the forefront of the development. many places auction prices have started to With immense support from GOI and MakeSo when market geographically changes stabilize which shows a positive sign that in India campaign, we have managed towe step in to the reduction of staff we are finding the right place in the market build facilities in India at a faster pace.in some areas and increase in other and I don’t think, we should be scared ofareas under an employee retrenchment auction. However, we should embrace it Government is talking aboutleading to demographic changes. We fully, with a better market based system, ease of doing business, onhave announced the reduction of jobs in where we can beat fossil fuels. what ground do you think thatNorth Europe which also symbolizes the doing business has becomeexpansion beyond EU. India has turned Vestas had got worldwide simpler and easier in India?out to be the gainer in this situation by recognition, what are the I absolutely believe that doing business in India has become simpler and easier. I have been part of whole process of rebuilding India. We got a lot of support from government entities to bring investment in the country and to get all logistic and infrastructure in place at abundance. Make in India has been a blessing for our industry. I want to congratulate the government for their initiatives and want to thank them for their support to build up Vestas presence here. October 2018 | Energy Next | 35

IN-CONVERSATION‘Pleased with the way, thiscountry is progressing’Tata Power Solar believes that its labours are its partners, says AshishKhanna, CEO & Executive Director,Tata Power Solar in an interactionwith Anurima MondalQAlleviating time and cost projects,how does Tata Power about the evacuation delays, it does not overruns pose a major happen on a day to day basis. Today, we challenge for majority Solar plan to mitigate this have come to a level when we can correctlyof infrastructure/solar panel predictthe evacuation and plan according to issue? it. After executing so many projects, I think The best part about Tata Power is thatin this is our forte now– planning, forecasting a group we are a developer and we also and executing have a EPC company with us. With our experiences of executing more than 1GW The EPC sector faces a per annum, we know what is important for shortage of manpower this business. Currently, it would not be machinery and material, how wise for the developers to spendunnecessary is Tata Power Solar addressing resources including the working capital. So, this issue? if you can plan your project well, the issue I don’t think the EPC sector in solar of cost overruns can be resolved to some sector isfacing any machinery issue extent. Off late, we can see time overruns in - the equipments are there. However, India because the evacuation is not possible. the important factor is that how well However, that is something which you can clearly map and work upon.If you ask me36 | Energy Next | October 2018

TATA POWERyou engage with your contractor, sub- The solar power market is stillcontractor and labours. If you ever recovering after witnessing a chainvisit our project which we arecurrently of bankruptcies during the first halfexecuting, you will realize that we have of this decadea labour colony where we whereprovidesfacilities to the labours. Many times, we think so there are any bureaucratic delays part and the values part. We believe thatprovide hygienicfoodincluding potable business will come.We needa sustainablewater.Since our solar sites are generally Have you ever faced relationship which has to come at par withthose sites which receivemaximum challenges while converting the values propagation and secondly onradiations, we also provide glucose agricultural land to project the technology advancement.powder during the day. land? If you are giving the due payments and Can you share the vision and It actually depends on how do you treat make sure that they are getting it, the land expansion programs as athem and how do you support them. You owners never raise an issue. Yes on the manufacturer?will be very surprised to know that we have evacuation site, if there is a discom or the As a manufacturer, we are we looking atinstalled various solar parks but never faced the grid which is coming, you may have some the policies which are there and we are alsoshortage oflabourjust because webelieve that interfacesbut again, if you are mapping awaiting the new technology. We feel thateven our laboursare our partners and it is very your projects as per their timelines, such manufacturing is a long term commitmentimportant support them and treat them the issues get resolved. There have been such and we are the oldest in this country asway it is required and the way they should be delays beforebut when a country is aiming manufacturer but one thing which is verytreated. If you come back to philosophy, 2/3 of for 8 to 10 GWexpansion, things tend to important for the solar industry is thatour profit goes back to the society, so why not become different.We generally work very technology keeps on changing. So, we keepsupport the society in the first stage itself.We closely with the evacuation authority and on investing in technology.are fortunate enough that we have not faced any plan our project in that matter.issues of either the manpower or machinery. Has ‘Make in India’ programMany foreign multinational companies have This the 2nd RE Invest helped you?visited our labour colonies and appreciated us. happening - Your views on the Of course, I think the DCR project has performance of solar Industry been very helpful. We contributed and IHow has Tata Power Solar efforts to achieve the target of think they are performing very well. Whileovercome the challenge of fund 100 GW till 2022? I welcome such initiatives of government,raising? I am not the person who counts numbers I also feel thattechnology is an importantTata Power is a group which is 120 billion but personally, I am very pleased with the factor and India should invest in it.dollars. With that brandname and the way, this country is progressing. I think ittrust, I don’t think, funds have ever been is immaterial to quote the exact number. Do you want say anythingan issue for Tata Power. We have been But if you ask that is the solar growing the about the safeguard duty whichfortunate.Moreover, the lendersare also in way it should be, then, I would say that has been imposed on Chinesethe business for lending.Investors are in yes, we are in the right path. Number is modules?peace with us.They look at our bidding as very statistical. It’s a government of India imitative tothe bench mark to check whether anyone support the Indian manufacturing butelse is more aggressive or not. So, I think Any collaboration that you I feel any such initiative taken into thewe have a support from lenders because are planning to enter for your consideration has an objective.So, is itwe are doing the right thing and we strive upcoming project? a barrier for short period or long termto keep on doing the right thing. We don’t have collaborations per se. We support! Currently, it is only for two have clients with whom we work.Tata years and it is expected that enoughWhat are the measures taken power has its own solar company EPC and manufacturing will come at place butby Tata Power Solar for manufacturing and we are a developer too. even when you have many manufacturingbureaucratic delays? So as a developer, yes, we are trying to coming into place, you still need toOur interfaces are only at the evacuation work with certain companies and see if we support them so safeguard duty is willlevel and, sometimes the conversion of can have a bid for hybrid products - that definitely give some support but moreland from agriculture to the project land. is something which we are working closely important is the long term sustainableIn between, there are also some approvals but again that selection of the co-bidder support. We are looking forward forrequired. However, if you are doing the or a partner is more on the technology government to take more initiatives.quality job and, if you can value with whatyou are doing and able to demonstratethat you are doing the right thing, I don’t October 2018 | Energy Next | 37

re invest | interviewOPEN MARKET only solutionThere is no money with discoms and regularities and this is thebiggest bottleneck, says Hitesh Doshi, Chairman & Managing Director,WAAREE Group in an interview with Energy Next teamQThis is the 2nd Global possible solutions in the you want to share with us and RE-Invest, what do you industry? think about achieving Biggest bottlenecks I see that there is no any issue needs attention forthe target of 175 GW till 2022 money with discoms and regularities sincein solar energy sector, Is it they do not want to open up the market. benefit of this industry?possible? As if they open up the market, good In my opinion, between the discoms andI think we will take some more time to customer will go away to solar because any government power company, thereachieve this target; it looks difficult to me of cost. Discoms are already in loss and is huge competition for giving the poweras of now. There is lot of issues concerning will further face loss. Once we open up free of charge or to the lowest power. Itthe execution on this project. Of course, the market and make it really easy as should be converted into a policy like PDSa lot of people are taking interest, but the open market for anybody to use easy to (public distribution system) where publicchallenge is more on the execution side. use solar, along with batteries at some wants low cost or they don’t want to pay places, I think we would be able to achieve should resort to PDS method, where 100GW-125 GW much faster. subsidies are given by the government. Rest all who are paying for the market Any policy related suggestion prices of power should be absolutely left to the open-market and then we will see the real growth of renewable energy. There is huge competition for giving the power free of charge between the discoms and any government power companyWhat are the core strength andinitiatives taken from your sideto meet the target?The core strength our company ismanufacturing and EPC. As part of thistarget, we developed many projects,we have done many rooftop projects,participated in many tenders and owntenders. Apart from this, we have helpedcustomers for infrastructure, land, gridand which we acquired we kept the parksready. In manufacturing we crossed 1.5GW, but there is not enough demand butwe still wanted to be ready, and we areplanning with 2 GW for next monthWhat were bottlenecks and38 | Energy Next | October 2018

www.energynext.in Your guide to Renewable Energy A Monthly Publication dedicated to the Renewable Energy Sector Be a part of theREvolution Policy Initiatives | Industry Issues | Investment Technology & Trends | Company ProfilesState Focus | Global Perspective | Market Watch Advertise today! Focal Point Media Services Pvt Ltd | 409, Mansarovar Building, 90, Nehru Place, New Delhi 110019 | www.energynext.in | [email protected] October 2018 | Energy Next | 39

SOLAR‘Solar energy is marching ahead’Every farm should have one solar park; our farmers give electricity butnever ask for it. If the gap is bridged, all the Discoms problem will besolved and then solar growth will definitely take place, says Pranav Mehta.Q What do you think kind dialogue along with govt. We don’t appropriately, that’s where we come in about solar energy in want to go court; instead we want to pursue the picture, for example, in Rajasthan dialogue approach. If we talk about the and Gujarat, the help from the state India? case of custom duty which we have taken nodal agency GEDA (Gujarat EnergySolar energy is rocking and marching up with the revenue secretary and we have Development Agency), and the climateahead globally, despite numerous seen our industry at global scale in terms of change dept. of the govt., we roped inroadblocks. It is our duty to ensure the quality and price. This is not the right way, MNRE, TERI, SECI, IREDA and together.removal of these roadblocks, with the right we should make solar energy developers We approached the district collector, global, as India is globalizing. municipal commissioner and the resident welfare association and Rotary club, to What are the recent activities conduct lot of seminars, with very little of National Solar Energy help from govt. and we managed to Federation of India (NSEFI)? raise money from the industry and put Presently, we are promoting solar rooftop, it up for this. For industries it’s a win- because it’s one of our important game win situation, rather than individual changers, it is quite challenging to achieve marketing, it helped them in creation of the set target, that’s why we are putting all marketing platform with NSEFI help and our strength into rooftop project. support. We brought best of the minds in the country to sell this in India and once We are initiating it by first and foremost this picks up, like in Gujarat and 6 other creating awareness on solar, but no cities such as Ahmedabad, Baroda, Surat, one actually knows how to utilize solar40 | Energy Next | October 2018

INTERVIEWRajkot, Jamnagar and Ajmer, we want to we should have. Now they are talking These are some of the policyextend its reach to Pan-India. of 18 percent GST, which will kill the suggestions which I had in my mind. And industry, any project will go haywire and if stressed upon them, we can achieve In this we have received immense help we are planning to take the matter to the solar growth faster than we thought.from-Sino-German energy forum, GiZ, as finance ministry, with GST council andnations for federations, and we are very gradually we are trying to get MNRE’s Another important input we have madeclose to them since 5yr. We collaborated support letter and that is the way to move. from 6-7 yrs. Every farm should have onewith them and also received invitation for I know writing a letter alone won’t be solar park; our farmer gives electricityInter-solar Europe conference at Munich. sufficient, so we have decided to meet all but never asked for it. If we can bridgeWe are working together to achieve gird the authorities personally and that will be that gap, all the Discom’s problem willintegration from quite some time and by our task for few weeks, so that industry get solved and then solar growth willfar it has been very good. won’t be affected. definitely take place - Khet Khet mein Solar (One farm, one solar). In respect to policy promotion, auction Any policy suggestion which of solar parks is major step forward, which Storage is another concern, focus on itearlier Gujarat has taken, of which I was you would like to make? will change the entire picture, affordablealso a member. The developers didn’t get The solar growth will take place on 4 storage like affordable solar. We caninto any problem right from dealing with pillars. slowly move to very high proportion ofland acquisitions to clearance window. • First is that we should have volume. renewable energy production. AlreadyEverything was very seamless; the • Second is we need to spread our reach, people are talking about 100 percentdeveloper’s job was to only set up solar park. pan-India renewable energy. According to a think • Third is technology which has helped tank in Germany “Energy Watch”, they Solar Park is an excellent concept. in reducing the cost of production. Our said soon there will be 69percent solar,Next, we are planning to promote floating example is quoted in rest of the world. and 12-15 percent will be wind, restsolar parks on lakes and canals. We work • Infrastructure and finance need biomass-waste energy. We should movehand-in hand with the government for the immense focus and implementation. in this direction and make this world ainterest of the country. sustainable and cleaner place.Tell us about the Global Solar In respect to policy promotion, auctionCouncil? of solar parks is major step forward,The GSC was founded at the COP- which was earlier taken by Gujarat.21climate change meeting at Paris, when The developers didn’t get into anyour Prime Minister Modi formed ISA problem right from dealing with landwith French President, which was a govt- acquisitions to clearance windowto-govt move. Now we are thinking toextend more with different government onclimate change front. At that time - oneand half month before the COP-21, I wasasked to be on the Board of Directors andco-chair with China. We were a group 30solar countries working on how to moveforward with solar growth and spreadthroughout the globe and to look forcontribution from industries, might helpclimate change. We should work hand-in-hand to achieve this global target.What do you think are thebottlenecks and solutions tothem?If you take one step forward and two stepbackward that will not help in achievingour target, therefore we have to ensurethe removal of these roadblocks, for expresent road block is GST, which wassupposed to be 0 percent, but reluctantlyagreed to 5 percent, that is the minimum October 2018 | Energy Next | 41

INTERVIEW | RE INVESTEMMVEE solar hopeful ofachieving targets by 2022Chinese dumping is a major bottleneck but the government has takenup initiatives such as supporting the safeguard duty, says ManjunathaD.V., Founder and Managing Director, EMMVEE Group of Companies,in an interview with Energy Next team introduced automatic tap water system recommended is IR percent, now they in India, which later on followed by mini have reduced need to look into some companies. Even now the mission isto control. Now BIS also came into the involve latest equipments which no one picture, which also helps create more has, and it’s all because of our high-end demand for Indian manufactures. manufacturer that we possess. Any policy related suggestionsQ India hosted the What are the main bottlenecks you want to share, any 2nd RE-Invest. What issue you think government are your views on and possible solutions in the or industries need to paythe performance of solar attention to?industry and target of 175 industry? The real field issues need to be addressedGW by 2022? The major bottleneck is the Chinese like for example, local issues exist becauseAs of now it looks okay, but this year, a lot dumping, regarding which the of which developers are facing difficultiesof uncertainties has taken place because of governmenthas taken up some initiatives - land conversion issues in some states,several duties and investors are looking in such as supporting the safeguard duty. transmission lines are not into place.different directions. No doubt the things The demand of Chinese product has Though governmentis trying to look intocan go far better, definitely India will able come down drastically due to the it, but it needs to speed up their processto achieve 175 GW of renewable energy by introduction safeguard duty but there are to reach the targets, which will be a very2022 as expected. still some jerks regarding the demand good step. for Indian products. Government need to look into the issue. Initially what theyWhat are the core strengths ofEMMVEE and initiatives takenby you to meet the target?EMMVEE core strength is transparencyand the quality product. Our first producton solar model which is running onthe field for more than 12 yrs, and thisproduct comes with 25 yrs or morewarranty, so that people has moreconfidence in us. We are the pioneers inadopting new technology, if you have seenfrom 2006, we are the first company who42 | Energy Next | October 2018

interview | vestas‘Hybrid is away of life’Wind and solar energy do not compete against each other, theycomplement each other, says Amar Variawa, Director Marketing &Public Affairs India and SE Asia Vestas Wind Technology India Pvt.Ltd. In an interaction with Energy Next teamQWhat is your take on highest firm order of 620MW in the year Vestas-India? 2017. Vestas in India has been a greatjourney so far. We entered in the year Indian market is evolving very fast, the1997 and it’s been 30 years and we have way business was done in past will notmanaged to attain complete value chain work in the current scenario. One shouldwhich includes manufacturing, R&D, evolve its business strategies in respectsupply management, sales network, to the market demands. Most of marketsservice network, public affairs and legal in India are moving towards the turnset up. Last year was a great year for key way, after introduction of auctionVestas; we expanded our footprint by in February 2017, tariffs are becomingopening a new manufacturing unit, an very competitive, now we have to initiateoffice in New Delhi. We have received the different way by which we can be more competitive and closer to the customers. October 2018 | Energy Next | 43

INTERVIEW | vestasOne of the ways is to start our turnkey partner, we hope to see more- more orders Hybrid is one such example.activities. in future which are of global account with a strong strategic mindset in our country. Government initiatedWhat are the business models We are happy to support and guide them competitive bidding in the windfollowed by Vestas in India? through smooth sailing in India. power, please react to this andEarlier we were in supply and install how will it help the sector?(S&I) of turbine and then later on OEM Share your thoughts on New We need transparency process which is(original equipment manufacturer), Hybrid system? used in the developed countries and innow Turn key will take care of the entire Hybrid is a way of life because in India order to attract more foreign players,gamut of businesses within India. Second the scarcest resource is land. Lands which developers and independent powerthing is that we are also expanding our have good wind resources are occupied producers, process like bidding willfootprint on going beyond wind, and we already and remaining land is occupied make them more comfortable. We areare exploring the hybrid model which is with solar panels. In order to optimize very happy and supportive of the biddingwind & solar. the usage of land we should give priority process and we have being advocating to hybrid system, where we can install transparent-competitive bidding process We are trying arduously to capture the wind mills and solar P.V. in a given piece when it was not even here. Indian marketcustomer services. There is a strong need of land. is gearing up to balance this act. Biddingfor a different kind of business model to is giving wings to innovation, technologyservice this turbine. We are entering into a Another aspect is infrastructure of our and more OEM’s (original equipmentmulti-brand service model, where we not transmission line which again is a scarce manufacturer) and advance productsonly provide services to Vestas machines resource, considering power load factor which can take industry to a next level.but also target competitors machine. This of wind plant versus solar plant, which ifmodel was very successful, in countries connected individually with the grid, then How is Vestas gearing up forlike Australia and few European countries we are not going maximize the utility of the reverse auction of 1 GW?and we really hope to see it, do well in the grid. Solar energy is predominantly The given road map for competitiveIndia too. available from morning till evening and bidding, more and more capacity should wind is available from evening-morning be awarded. The project should have aVesta’s recently grabbed a 100 time, that way we can utilize the 24hrs target of 10 GW in future, which can beMW project in India. What is continuous consumption from the grid. realized. If we consider OEM’s side, weyour take on it? We can balance it by solar taking care of have manufacturing capacity of 10 GW. IfThis project is very crucial for us because the Industrial load, and wind will take it happens then our plans will run in fullof its global clientele, which means we care of the domestic load. That’s why I say capacity.are selling turbine and solutions to other Hybrid is a way of life. Wind and solarheadquarters and nearby European Union. energy are not competing against each Vestas have got worldwideIn India this is the first order from global other, they are complementing each other. presence, what are the unique experiences with India that you would like to share? India is a very special market for us because there is a direct focus from Prime Minister Narendra Modi. There is no other country like India in this sense. Prime Minister’s ambitious plan to achieve 175 GW by 2022 was a unique vision, which is coming true now, with an addition of 50 GW to the target. It is a very welcoming step from the government. These kinds of target will attract domestic and international players. Various initiatives started by PM like: Power for all, Make in India, Skill development, Startups and Swachh Bharat are positive steps in the direction of ease of doing businesses is very unique and futuristic approach.44 | Energy Next | October 2018

icra | TechnologyTechnology to aidefficiency improvementLatest trends in technology coupled with scale benefits will aid tariffcompetitiveness, and this is a positive trend for the sector in the longrun, writes Girishkumar KadamThe renewable energy sector in This in turn has also led to doubling the execution risks associated – affecting their India has seen a strong growth renewable capacity share within the overall capacity addition over the period. in capacity addition in the last power generation capacity to about 20 ten year period as seen through percent as on March 2008 over the same For the wind energy sector, the majoritythe increase in installed capacity from 11 period. The renewable energy sector in of capacity addition by private IPPs hasGW on March 2008 to 70 GW as on March India has gained traction due to strong been feed-in tariff till March 2017 across2018, reflecting a 20 percent CAGR growth. policy support both at the central and state the states & subsequently, there has been government levels besides the supportive a structural shift in the tariff route which regulatory framework laid out by regulatory changed to “bid based auction route” for commissioning bodies. While the sector awarding wind energy projects, with the has been dominated by wind turbine introduction of reverse bidding by the technology for the two decades, the solar Ministry of New and Renewable Energy sector – especially photo voltaic (PV) cell (MNRE) in February 2017. This auction in technology to generate the power- has also February 2017 for award of wind energy seen fast traction in the last five year period, projects of 1 GW for the first time in India also led by sharp fall in PV module price discovered the competitive tariff which level internationally. Other segments in the was much lower than the prevailing feed-in renewable energy space (such as biomass, tariff levels across the states. With wind bagasse co-generation & small hydro) bid tariffs remaining below Rs. 3/unit in however continue to face hurdles due to the subsequent bidding rounds conducted mix of factors such as fuel availability & by MNRE as well as state utilities in states such as Gujarat and Maharashtra, IPP’s October 2018 | Energy Next | 45

icra | technologyfocus has now shifted to technologically MNRE has outlined plans to auctionsuperior with high efficiency wind off-shore capacity. For off-shoreturbines so as to ensure the sustained high projects, the capital cost is likely to begeneration level through harnessing the relatively much higher than the on-available wind potential at a given site. shore wind energy project, given theAs a result, the ability to ensure high PLF technical complexities involvedlevel (i.e. in excess of 35 percent) at theselected sites with wind potential, remains w.r.t to individual wind or solar energy (about Rs. 15-17 Cr. per MW) than thecritical for the winning bidders/developers projects, given the benefits associated with on-shore wind energy project (estimatedwho have recently won such wind energy hybrid projects (mainly in respect to lower to range between 6.5-7 Cr./MW), givenprojects at a tariff below Rs. 3/unit. capital cost, optimisation of transmission the technical complexities involved. This infrastructure and higher generation in turn may necessitate the policy support In the case of solar sector, capacity expected). Plus critical infrastructure such / fiscal incentives so as to improve theaddition in India is mainly PV based, as land and evacuation network for wind tariff competitiveness of energy based outthanks to a sharp decline in PV module or solar project accounts for about 10-12 of off-shore wind energy project, as alsoprice level internationally over the last percent of overall project cost, hybrid seen earlier in case of solar PV projects3-4 year period. Given that PV module projects would benefit from a reduction in CY 2009-2012 through National Solarcost attributes to about 55-60 percent of in capital cost to some extent due to Mission through bundling mechanism ofthe project cost, decline in PV module common infrastructure and land use in conventional power with solar power andprice level coupled with softening interest place. Further, the generation profile viability gap funding (VGF) route.rate cycle and long term debt availability would be relatively higher than standalonehas led to a significantly improved wind or solar project also with lower With the advancement of technology intariff competitiveness of solar PV based variability in generation profile to some wind and solar PV segment as seen in theenergy in the last 2 year period. Within extent, given that generation from both improvement in their scale and efficiencies,PV technology, module efficiency levels the sources is at different intervals and in tariff competitiveness of wind and solar PVhave seen some modest improvement complimentary seasons. As a result, the based energy is likely to improve furtherover the last 4-5 years and any further adequate evacuation network availability which remains a positive for the sector.improvement in efficiency levels in would be critical for new hybrid projects as Further, emerging new technologies suchfuture along with cost optimization well as for hybridisation of existing wind or as battery storage and floating solar panels,efforts by OEMs in PV cell/module solar projects, given the higher generation the cost economics and policy support willmanufacturing process, could result profile expected (with annual PLF between also play a critical role for deployment andin further improvements in the tariff 30 to 45 percent). to ensure the tariff competitiveness of solarcompetitiveness of solar energy in the energy based on such new technologies inlong run. Besides the module efficiency, The MNRE has also outlined plans to the near future.the project size for solar PV based project auction off-shore wind project capacityhas increased considerably from less than (of about 5 GW in the near future). For (Views expressed are personal)20 MW to about 200 MW and more at off-shore wind projects, the capital cost The author Girishkumar Kadam is the Viceone location – which can also result in the is likely to be relatively much higher President and Sector Head for Corporatescale benefits in bringing down the cost Ratings, ICRA Limited.structure for execution to some extent andensure cost efficiency in O&M as well.Nonetheless, the capital cost for solar PVprojects do remain exposed to volatilityin both i.e. the INR-USD exchange rate& PV module price level. With a sizeabledepreciation of INR against USD in last4-5 month period, rising interest rate andlikely imposition of safeguard duty onimported PV modules, the solar bid tarifflevels would remain exposed to an upwardpressure in the near term. With the improving tariffcompetitiveness of both wind and solarPV technology, hybrid wind-solar projectsalso are likely to be competitive in tariffs46 | Energy Next | October 2018

re invest | solarRooftop solar market trendsIndia is planning to assuage 60 percent its energy demand with the helpRof solar energyenewable Energy is that one thing on which the future of this planet The setting up of target to enhance survives, and with this event we the use of renewable energy with can bring the immediate attention the manufacturing and serviceof all the stakeholders. India as a country sector could give a boost to aalways emphasised on the renewable and green initiative momentcleaner aspects, for running the economy orgovernment. This International event wasorganised under the aegis of The Ministry ofNew and Renewable Energy (MNRE), with country, it could be a huge economic- New Technologies: Better availability andthe India-ISA Partnership social achievement for our nation. affordability of new innovative technologiesThe 2nd Global RE-Invest will hold (e.g. E-Mobility and PV & Storage). “Small is Beautiful”International Solar Alliance (ISA) Assembly Rajneesh Sharma, Director Deloitte: He has Consumer Involvement in these Modelsfor the first time and the Meeting of made a very interesting point on Indian seems to be a common tone which is set bythe Energy Ministers of Indian Ocean solar rooftop market trends and how other experts as well. Somnath Yogi, SeniorRim Association (IORA) countries. ISA India as a country can achieve the goal of Distributor & Technical Sales manager,membership contains more than 121 greener, cleaner and sustainable world. REC: Renewable Energy Corporation Pvt.countries under its umbrella and its aim The discussion over increasing market Ltd. is a leading brand of European Solaris to make more and more countries solar instability on fuel prices, the constant rise Panel. They have manufactured 27 millionenergy reliant and by gradually eliminating in electricity prices which are affecting the panels amounting to 7.5 GW till 2017.their dependence on fossil fuel. consumers highlights the growing need for They stress not just over manufacturing butIt is discovered, that India is planning alternative source of electricity. Measures also on 100 percent metallic recycling. Into assuage 60 percent its energy demand of government subsidies/incentives in India to recycle P.V.modules correctly wewith the help of solar energy. renewable energy can actually reverse this need to come up with incentivization, toThe PV Rooftop Cell under EU-India dynamism. As we all know, India on various gather attention and interest in renewables.Technical Cooperation Energy Project, international conferences took a firm In countries like Europe recycling is freetogether took a plunge to produce clean stand to support ecological/environmental to the end-customer. In Singapore Privateenergy with the “Rooftop Solar Market friendly option in its policy making. company pays to government to takeTrends” as their main theme. Experts from the The setting up of target to enhance the use away the scrap module. Whereas in Japanfield gathered around to show us new trends of renewable energy with the manufacturing Photovoltaic Energy Association publishedon maximum optimization of solar power, and service sector could give a boost to a voluntary recycling guidelines. Recycling isbased on their research and observation. green initiative moment. We need to push the way New world is going to address theBruce Douglas, Deputy CEO, Solar Power ourselves, to reduce our dependence on problem of scarcity.Europe : He discussed upon the socio- electricity consumption and move one step One such quest was how to optimiseeconomic significance of a rooftop solar in forward towards clean power. the use of solar energy and how toEurope and globally. It also stressed on how Jens Martin, CEO Vidja and Vice Chair, manage the storage of such an enormousthe small storage system over our houses and Solar Power Europe: He talks about smart source of energy.The experts tried totheir storage capacity can make “prosumers” business rooftop solar models in Europe bridge the gap between the energy and itswhich means an empowered consumer. and megatrends which are driving the small and efficient uses.The concept of smart cities with the development of new energy world order. International events like RE-Investinfusion of solar rooftop to give the whole Sustainability/Decarbonisation: Looking gives platform to discuss and showcasetown planning a smarter, cleaner and for Technologies and projects which deals about the ongoing change which aresustainable outlook. One very interesting with the neutral consumption of CO2. of vital importance to our society. Theoutcome of his Europe based Solar Decentralisation: Participation of all governement need to continue makingRooftop Model is that how its installation the stakeholders in the process of energy efforts in the direction of promoting thecan enhance the 150,000 jobs by 2021. If Production and Consumption. renawable energy such as solar, wind etcwe can bring this shift in respect to our Digitalization: World Connectivity and its implementation. October 2018 | Energy Next | 47

RE invest | Energy basketRenewable energy expertsdiscuss future of clean energyThe event witnessed industry experts, corporates and sector players discussingTthe opportunities and challenges held by the renewable energy sector he power packed technical sessions at the 2nd Global RE- Invest India-ISA Partnership Renewable Energy Experts’ Meet& Expo (RE-Invest 2018), organized by theMinistry of New and Renewable Energysaw industry experts, corporates and sectorplayers discussing the opportunities andchallenges held by the Renewable Energysector at Greater Noida.Reiterating the discussions of theministerial sessions held on day one ofRE-Invest 2018, Joint Secretary, Ministryof Renewable Energy, G K Gupta, said“Like the telecom revolution, whereprices were brought down from Rs. 16 perminute to a few paisas per minute, now isthe time for a similar revolution for theRenewable Energy sector.”Opining his views at the technicalsession: storage solution in Renewable,Chief Executive Officer, Emergent Rather than focusing on subsidizationVentures, Vinod Kala, who was themoderator of the session underlined the of rooftop panels for households, theneed for creating a conducive policy and industry needs to work together forregulatory framework that gives impetusto domestic manufacturing, demand faster installation capacity, in order tocreation and allows integrated e-mobility reach the target of 40GWrequirement seamlessly. Stating thedemand portfolio for renewable energy Solar Energy Systems Dr. Thomas Schlegl, technology is critical. Rather than focusing onbatteries he said, “Ancillary services offered technological collaboration subsidization of rooftop panels for households,market should also be kept in mind.” with Indian institutes at the Fraunhofer the industry needs to work together for fasterLauding the Kusum Yojana at the Institute, Germany. Fellow, Brookings installation capacity, in order to reach thespecial session: India’s Energy Basket 2030, India, Dr. Rahul Tongia, who was the target of 40GW of solar rooftops.”Chairman Elect, Global Solar Council moderator at the session, stated that The technical sessions on the 2nd day of(GSC) Pranav. R Mehta, said, “With the technological disruption should be RE-Invest 2018 witnessed participation ofKusum, instead of asking for electricity, our analyzed for the renewable energy sector Executive Chairman, SoftBank Energy, Manojfarmers will be supplying electricity.” and should be factored in for application. Kohli, Regional Programme Officer - Asia,Laying impetus on private sector’s Stating the policy requirements for Country Support and Partnerships Division,contribution to the renewable energy installation of solar rooftops, panelist at a International Renewable Energy Agencysector at the Technical Session: ‘Next Gen session named ‘The Sun Overhead: India’s (IRENA) Prasoon Agarwal, and ManagingRenewables’, Head of Department Energy Rooftop Solar Programme’s panelists said, Director, Hero Future Energies PrivateSystem Analysis, Fraunhofer Institute for “Awareness among customers about rooftop Limited Rahul Munjal, among others.48 | Energy Next | October 2018

RE INVEST | IORA21 IORA countries adopt theDelhi Declaration on REThe declaration calls for collaboration among IORA member states inmeeting the growing demand for renewable energy in the Indian Oceanlittorals, development of a common renewable energy agenda for theIndian Ocean region and promote regional capacity buildings many as 21 countries in the Indian Ocean Rim Association (IORA) adopted the DelhiA Declaration on RenewableEnergy in the Indian Ocean Region, As per the declaration adopted, IORA Platform (IRELP). member nations will collaborate with The Indian Ocean Rim Association was the ISA member nations to exchange knowledge and share views and potential set up with the objective of strengthening interests in the renewable energy regional cooperation and sustainable development within the Indian Oceanpost the 2nd IORA Renewable Energy sector; paved by the Memorandum of Region with 21 Member States and 7Ministerial Meeting held at the 2nd Understanding (MoU) signed between Dialogue Partners. The last RenewableGlobal Re-Invest India-ISA Partnership IORA and ISA on October 3, with a focus Energy Ministerial Meeting was held onRenewable Energy Investor’s Meet & Expo on joint capacity-building programs, January 21, 2014 in Abu Dhabi, UAE.in Greater Noida. research & development activities in solar Subsequently, during the meeting of IORAThe Delhi Declaration on Renewable energy and exchange of best practices. Council of Ministers, held in October,Energy in the Indian Ocean Region calls Additionally, IORA member nations 2016 in Bali, Indonesia, it was decidedfor collaboration among IORA member and IRENA will undertake the expansion that the next conference will be held instates in meeting the growing demand of the Global Renewable Energy Atlas, India. In line with the commitment made,for renewable energy in the Indian Ocean the world’s largest-ever joint renewable India hostedthe 2nd IORA Renewablelittorals, development of a common resource data project, coordinated by Energy Ministerial meet today.renewable energy agenda for the Indian IRENA, thereby creating the Indian Ocean India, Australia, Iran IR, IndonesiaOcean region and promote regional region’s first and most comprehensive Thailand, Malaysia, South Africa,capacity building. map and database which can then be Mozambique, Kenya, Sri Lanka, Tanzania,The declaration also calls for used to tap the sizable renewable energy Bangladesh, Singapore, Mauritius,promotion of technology development potential of the region; and to collaborate Madagascar, UAE, Yemen, Seychelles,and transfer, strengthening of public on opportunities available under the Somalia, Comoros and Oman areprivate partnerships in renewable International Renewable Energy Learning members of IORA.energy and collaboration among IORAmember states and the member nationsof the International Solar Alliance (ISA).IORA member countries also resolvedto collaborate with the InternationalRenewable Energy Agency (IRENA).Power minister R.K. Singh, SecretaryGeneral, Indian Ocean Rim Association(IORA) Dr. Nomvuyo N Nokwe, DeputyMinister of Energy, Ministry of Energy,South Africa Ms.Thembisile Majola, StateMinister for Foreign Affairs, BangladeshMd. Shahriar Alam M.P. participatedin the ministerial meeting. Ministerialrepresentatives from Iran, Mauritius,Seychelles, Sri Lanka and Yemen alsospoke at the meeting. October 2018 | Energy Next | 49

RE INVEST | small hydroRE-Powering small hydroThe conference deals with new technology which concerns poweringSmall hydro projects and accelerate India’s future growth in this sector.The renowned experts shared their experiences of failure and success indevelopment of SHP projects.“H ydro power is the The SHP capacity stands 4500MW, oldest form of with an addition of 3000MW project renewable energy and approved. MNRE ministry hopes to is widely used for utilize 50 percent of its potential ingenerating electricity.” the next 10 years The projects which have 25MW station SHP projects are perfectly in sync various positive steps to boost thecapacity are termed as “Small Hydro Project”. with hinterland and hilly areas which redundant hydel –power growth.Small projects are usually private sector are otherwise difficult to access when it • 2.3 million USD bank loan limit hasowned because of their economic viability. comes to infrastructural development, been set up for the” borrowers for the aggressive climatic conditions and purpose of micro-hydel plants. India is planning to capture 2100 MW inaccessible road transport. The grid • MNRE under a sponsored projectfrom small 7000 hydro project sites with system also becomes uneconomical in “Centre of Innovation Incubation &25MW capacity or below. But the ground such areas. Hence we can say Small Hydro Entrepreneurship (CIIE)”, support start-reality shows that we have managed to Projects are pretty much the answer to our ups in renewable energy.capture only 4500MW from 1100 sites. difficult terrain problem and others. • IREDA provides full financial supportThis shows a great disparity between to the new upcoming venture.our estimated target and what we have There was a slow trend in between • In Ahmadabad 40 new start-up wereachieved. in the implementation of various Small launched in renewable energy sector. Hydro Power projects due to: Recently, the SHP capacity stands • Cost of finance and skyrocketing We can easily conclude by saying that4500MW, with an addition of 3000MW equipment price there is no doubt huge gap between theproject approved. MNRE ministry hopes • long waiting line for window clearance estimation and reality but innovativeto utilize 50 percent of its potential in the • Power Evacuation Issues governments measure has made it possiblenext 10 years. India is planning to harness RE-Invest also focused on the government reinvent the hydro power sector.1096 GW from renewable energy out ofwhich SHP has to produce 21GW.There isalso 100 percent FDI through automaticroute for Renewable Energy in this sector.50 | Energy Next | October 2018