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  • 7/21/2019 Inside of Renewable Energy Industry of India Is achieving a target of adding 100 GW capacity of Solar in India b

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    Inside of Renewable Energy Industry of India Is achieving a target of

    adding 100 GW capacity of Solar in India by 2022 bankable? : Series I

    Renewable energy is one of the purest form of energy with almost negligible

    or no carbon emissions. Thus, renewable energy is the need of todays

    society which not only has the potential to considerably reduce dependency

    on fossil fuel generated electricity (i.e., electricity generated by the

    combustion of coal, oil, natural gas etc.,) but also increases energy security

    by increasing access of sustainable and environmental friendly source of

    energy (i.e., access of aordable form of energy which not only increases

    energy independency, accelerate economic growth and create new jobs but

    also addresses the problem of pollution by reducing global warming and thus

    improving air uality).

    Series I discusses - !hy renewable energy is vital for "ndias growing needs of

    sustainable economic growth, Power Scenario of India - Demand and Supply

    gap since Independence (1947 2014! Po"en"ial of #enewa$le %nergy

    Sources in India and India&s #enewa$le %nergy Por"folio as of Decem$er

    2014'

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    Series II will showcase following - Techno#commercial cum socio#

    economic comparison between dierent energy sources i.e., both

    conventional and non#conventional energy sources ($olar, wind, hydro,

    biomass, coal and natural gas), %rid parity of $olar &nergy and %overnments

    ambitious target of achieving ' %! of solar energy by , dierent

    *nancing options available for solar projects in "ndia and at last we discuss

    about +hallenges associated with the banability of target of solar capacity

    addition of ' %! by .

    Why renewable energy is vital for Indias growing needs of

    sustainable economic growth

    Today, "ndias natural resource deposits are at huge pressure due to

    countrys need of enormous and sustained economic growth. -ccording to

    -sian evelopment /utloo ('0), "ndias %1 is e2pected to grow by 3.4 5

    and 4. 5 in '0 and '6 respectively (Refer7 Table7 ' ). -ccording to +&-

    data ('0), about 35 of "ndias installed electricity generation capacity

    comes from fossil fuel which constitutes 65 from coal, 85 from natural gas

    and '5 from diesel. -nd, thus it is estimated that "ndias dependency on

    energy imports will increase to 095 of the total countrys energy

    consumption by 9 (:ep, ''). Therefore, to meet this increasing energyconsumption demand, "ndia imported total 945 of fossil fuel (i.e., together

    coal, natural gas, and petroleum products) in ' (&"-, ';) (Refer7

    >maeinindia.com>).

    Table: 1 Indias Economic indicators (%)

    Selected economic indicators (%) -

    India

    2015 2016

    !" rowth 3.4 4.In#ation 0. 0.0$urrent ccount &alance (Share

    of !")

    #'.' ##'.0

    http://makeinindia.com/http://makeinindia.com/
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    Source: Asian Development Outlook 2015: Financing Asias Future Growth

    'igure: 1 Indias increasing deendenc on fossil fuel imorts

    Source: !S! "nerg# $n%ormation A&ministration' $nternational "nerg# Statistics(201)*

    "ndias substantial and sustained growth has placed enormous demand on

    the countrys natural resources. Today, "ndia imports substantial uantities of

    gas, oil and coal in order to meet its growing energy demand. The increasing

    dependence on imported fuels may create a serious threat to the future fuelsecurity of the country. "n addition, the countrys 0; %! of power

    generation capacity based mainly on conventional sources has further

    strained the natural resources.

    -round 65 of "ndias current power generation capacity is based on coal

    which is e2pected to remain the dominant power source in the future.

    http://www.eia.gov/cfapps/ipdbproject/IEDIndex3.cfmhttp://www.eia.gov/cfapps/ipdbproject/IEDIndex3.cfmhttp://www.eia.gov/cfapps/ipdbproject/IEDIndex3.cfm
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    ?owever, the coal sector is facing many challenges and "ndia is increasingly

    relying on coal @ oil imports to meet its reuirements of energy, thereby

    e2hibiting a lot of pressure on "ndian economy from these high import

    factors.

    Power Scenario of India - Demand and Supply gap since

    Independence (1!" # $%1!&

    Though +alcutta was the *rst city in "ndia to get electri*ed in the nineteenth

    century after Aew :or and Bondon i.e., in '488. Cut to deal with the huge

    power demand and supply gap, the real evolution of "ndian power sector

    too place post#reform> liberaliDation phase i.e., since '88' when the actual

    development too place and several policies @ regulatory changes were

    made (such as the formation of central sector utilities i.e., AT1+ and A?1+,

    privatiDation and unbundling of power sector and thus opening the sector forprivate players i.e., "ndependent 1ower 1roducers ("11$) including '5

    foreign direct investments (

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    Table: * ll India "ower Sul "osition Energ-wise and "ea+-wise

    (,tilities) (1./-.0 to *1* 12)

    Source: +&- ('9), %rowth of &lectricity sector in "ndia from '8;3 to '9

    'igure: * - "ower Sul "osition in India (as of 3arch *1/)

    Source: +&- (';), 1ower $cenario at a %lance, =arch ';

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    between demand and supply of power has

    reduced signi*cantly

    in

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    ; million people in "ndia still lacs the access of reliable supply of power(Times of "ndia, ';)

    Table: / - "rogress reort of

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    9indD **/:0@2D ::%

    Small EdroD [email protected] 1*%

    &iomassD /*;2@12D 12%

    SolarD 2:*@.*D -%

    Total Installed 4enewable energ caacit in India (as of december *1/)

    $ource7 =inistry of Aew @ Renewable &nergy (=AR&)

    Aow, please read the upcoming second part of the article G FInside of4enewable Energ Industr of India Is achiecountries>india>economy

    . +&- ('9), %rowth of &lectricity sector in "ndia from '8;3 to '9

    Energ Source 9ind Smalldro &iomass Solar TotalInstalled

    $aacit (39)**A/0@

    2 [email protected] /*;2@122*@

    .*22A;1@

    .1

    http://www.shutterstock.com/cat.mhtml?lang=en&search_source=search_form&version=llv1&anyorall=all&safesearch=1&searchterm=china+solar&search_group=&orient=&search_cat=&searchtermx=&photographer_name=&people_gender=&people_age=&people_ethnicity=&people_number=&commercial_ok=&color=&show_color_wheel=1#id=65845768&src=b706eb13adbaed7aaffd0c5fda9e7f7d-1-36http://www.shutterstock.com/cat.mhtml?lang=en&search_source=search_form&version=llv1&anyorall=all&safesearch=1&searchterm=china+solar&search_group=&orient=&search_cat=&searchtermx=&photographer_name=&people_gender=&people_age=&people_ethnicity=&people_number=&commercial_ok=&color=&show_color_wheel=1#id=65845768&src=b706eb13adbaed7aaffd0c5fda9e7f7d-1-36http://www.shutterstock.com/cat.mhtml?lang=en&search_source=search_form&version=llv1&anyorall=all&safesearch=1&searchterm=china+solar&search_group=&orient=&search_cat=&searchtermx=&photographer_name=&people_gender=&people_age=&people_ethnicity=&people_number=&commercial_ok=&color=&show_color_wheel=1#id=65845768&src=b706eb13adbaed7aaffd0c5fda9e7f7d-1-36
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    9. +&- (';), 1ower $cenario at a %lance, =arch ';;. +&- =onthly all "ndia "nstalled %eneration +apacity (January, '0)

    http7>>www.cea.nic.in>reports>monthly>instHcapacity>jan'0.pdf0. http7>>www.cea.nic.in>reports>monthly>dpdHdivHrep>villageHelectri*cation.pdf6. http7>>www.re#invest.in>ocument>orginal>'0.R

    "nvestH'0H"nvestorsH%uide.pdf3. http7>>cea.nic.in4. http7>>www.globalelectricity.org>1rojects>Rural&lectri*cation>1resentatio

    ns>6.554&>maeinindia.com>'.http7>>mnre.nic.in

    ''. http7>>tejas.iimb.ac.in>articles>30.php'. F.$. &nergy "nformation -dministration, "nternational &nergy

    $tatistics(';)'9. "ndias widening &nergy e*cit #

    http7>>blogs.wsj.com>indiarealtime>''>9>8>indias#widening#energy#

    de*cit>';. "ndia is increasingly dependent on imported fossil fuels asdemand continues to rise #http7>>www.eia.gov>todayinenergy>detail.cfmKidL'300'M

    Than+ ou for reading m ost@ I write regularl about renewable

    energ mar+et 5 oliciesA =nancial mar+et and economics@ If ou

    would li+e to read m regular osts then lease clic+ 'ollow and

    feel free to also connect

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