The state of the Indian Solar sector

1. India Solar
The challenging, high potential market
Beijing, China
March 25, 2014ENERGY CONSULTANTS

2. India’s Grim Energy Future
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3. Scarce Insecure Dirty
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4. Scarce
4th
Largest
Energy consuming country
in the world
Photo by Barefoot Photographers of Tilonia
400 70 83
Million Billion kWh Gigawatt
People do not have Peak power deficit in 2013-14 Required capacity addition
access to quality electricity by 2017 @9% GDP growth
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5. Insecure
2.6M
Barrels
India’s net oil import per day
In 2012-13
22.4% 78%
of the total Coal demand of the total Crude Oil
to be met by imports 2017 requirements to be met
by 2017
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6. Dirty
Fossil fuels account for
92%
of demand in 2013
2 Billion
Metric Tons of Co2 emitted
in2012(6% increase from
previous year)
Air pollution and
particulate
content
increasing
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8. Solar - Marginal at present, but ..
43,649, 18%
20,299, 9%
4,780, 2%
3,898, 2%
2,208, 1%
160,484, 68%
Total Installed Capacity
235,318 MW
Thermal Hydro Wind Nuclear Biomass Solar
As of 31.01.2014 Source : CEA and MNRE
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9. .. very high resource availability

11. Application
Segment
Phase I Targets
(2010-2013)
Phase II Targets
(2013-2017)
Phase III Targets
(2017-2022)
Grid-Connected
Solar
1,100 MW 4,000 – 10,000
MW
20,000 MW
Off-grid solar
applications
200 MW 1,000 MW 2,000 MW
Solar Thermal
Collectors
7 Million Square
Meters
15 Million Square
Meters
20 Million Square
Meters
Solar Lighting
Systems
5 Million 10 Million 20 Million

12. Regulatory Framework
Renewable Purchase Obligations (RPO)
Cumula ve Solar Capacity Requirement for RPO Compliance
40,000
35,000
30,000
25,000
20,000
15,000
10,000
0.50%
5,000 0.25% 0.25%
1,433 1,536 3,291
-
2011 -12 2012 -13 2013 -14
0.75%
5,291
2014 -15
1.00%
7,560
2015 -16
2.50%
2.25%
1.75%
1.25%
24,839
20,885
15,176
10,127
2016 -17 2017 -18 2018 -19 2019 -20
MW RPO %
3.00%
2.75%
34,152
29,247
2020 -21 2021 -22
3.50%
3.00%
2.50%
2.00%
1.50%
1.00%
0.50%
0.00%
34 GW potential from RPO
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1,433 1,536 3,291 5,291
7,560
10,127
15,176
20,885
24,839
29,247
34,152
0.25% 0.25%
0.50%
0.75%
1.00%
1.25%
1.75%
2.25%
2.50%
2.75%
3.00%
0.00%
0.50%
1.00%
1.50%
2.00%
2.50%
3.00%
3.50%
-
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
Cumulative Solar Capacity Requirement for RPO Compliance
MW RPO %

13. Growth so far ..
(2009-2013)
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14. Growth Trend - Temporary Slow Down
2500
2208
2000
1686
1500
1000
500
3 8
0 3
994
25
11 36
1030
656
522
31.03.2009 31.03.2010 31.03.2011 31.03.2012 31.03.2013 31.03.2014
Annual Cumula ve
As of 31.01.2014 Source : MNRE
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3 8 25
994
656
522
3 11 36
1,030
1,686
2,208
0
500
1000
1500
2000
2500
Solar Installations(MW)
Annual Cumulative

17. Way Forward
- Central Level Initiatives
- State Level Initiatives
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20. India Elections 2014
A New Government will take charge…
Decision making might become faster…
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21. Takeaways
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22. India Solar
• India is facing an energy crisis
• Solar is an ideal solution
• After a good start, growth slowed down
• Challenges are high
• But potential is huge
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23. Thank you
Madhavan Nampoothiri
Founder and Director
madhavan@re-solve.in
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24. www.re-solve.in
ENERGY CONSULTANTS
• Boutique Advisory firm with focus on renewable energy(Solar PV and Wind)
projects
• Founded by professionals from India and Germany with strong global exposure
• Clients include
– World Bank, Washington DC, USA
– ICTSD, Switzerland
– iPLON, Germany
– Confidential Client, Canada
• Quoted by
– New York Times
– Washington Post
– Bloomberg
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