inside of renewable energy industry of india – is achieving a target of adding 100 gw capacity of...
TRANSCRIPT
-
7/21/2019 Inside of Renewable Energy Industry of India Is achieving a target of adding 100 GW capacity of Solar in India b
1/11
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$er
2014'
-
7/21/2019 Inside of Renewable Energy Industry of India Is achieving a target of adding 100 GW capacity of Solar in India b
2/11
Series II will showcase following - Techno#commercial cum socio#
economic comparison between dierent energy sources i.e., both
conventional and non#conventional energy sources ($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/ -
7/21/2019 Inside of Renewable Energy Industry of India Is achieving a target of adding 100 GW capacity of Solar in India b
3/11
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 -
7/21/2019 Inside of Renewable Energy Industry of India Is achieving a target of adding 100 GW capacity of Solar in India b
4/11
?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 (
-
7/21/2019 Inside of Renewable Energy Industry of India Is achieving a target of adding 100 GW capacity of Solar in India b
5/11
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 ';
-
7/21/2019 Inside of Renewable Energy Industry of India Is achieving a target of adding 100 GW capacity of Solar in India b
6/11
between demand and supply of power has
reduced signi*cantly
in
-
7/21/2019 Inside of Renewable Energy Industry of India Is achieving a target of adding 100 GW capacity of Solar in India b
7/11
; million people in "ndia still lacs the access of reliable supply of power(Times of "ndia, ';)
Table: / - "rogress reort of
-
7/21/2019 Inside of Renewable Energy Industry of India Is achieving a target of adding 100 GW capacity of Solar in India b
8/11
-
7/21/2019 Inside of Renewable Energy Industry of India Is achieving a target of adding 100 GW capacity of Solar in India b
9/11
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 -
7/21/2019 Inside of Renewable Energy Industry of India Is achieving a target of adding 100 GW capacity of Solar in India b
10/11
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
-
7/21/2019 Inside of Renewable Energy Industry of India Is achieving a target of adding 100 GW capacity of Solar in India b
11/11