- Language: English
- Published: February 2013
- Region: India
India Renewables Report Q1 2013
- Published: November 2012
- Region: India
- 37 pages
- Business Monitor International
India's push for non-hydro renewables development is a reflection of the country's desire to diversify its electricity mix away from environmentally unsustainable coal and costly thermal imports.
The country has already taken considerable steps towards increasing renewables capacity and meeting its target. The renewables segment remains a relatively attractive market for private investors, attracting more interest than thermal sources. However, a number of sector-specific risks could hinder the development of the industry, along with the opaque business environment and insufficient investment in the country's power infrastructure.
Key developments and trends witnessed in the Renewables industry include:
- The Indian state of Chhattisgarh revealed plans in October 2012 to attract INR100bn
(US$1.86bn) worth of investments in the solar energy sector over the next few years. The government also announced that the sector has huge potential to provide large scale employment with a solar energy plant, capable of creating around 500 jobs.
- Power Grid Corporation of India Limited (PGCIL) announced in July 2012 that it will direct an investment of US$1.07bn towards its expansion plans in the country's southern region.
Channelling investment into the country's power network is crucial for the successful adoption of renewables.
- The state of Andhra Pradesh in India has introduced its first solar energy policy in late-
September 2012. The policy is aimed at stimulating investment in the solar sector and offers solar power projects completed by June 2014 benefits such as refunds on taxes paid for equipment, land duty, and registration charges for seven years.
- US investment bank Morgan Stanley (MS) announced its intention to purchase Indian real estate developer DLF's wind power business in August 2012. Besides MS, several Indian companies, including Bharat Light and Power and Mytrah Energy, have expressed interest in the purchase.
- The state of Gujarat intends to spend INR250mn (US$4.8mn) to help develop the nation's first tidal-energy project. The project, a 50MW plant at the Gulf of Kutch, will be developed by tidalturbine maker Atlantis Resource Corporation. SHOW LESS READ MORE >
BMI Industry View 5
SWOT Analysis 6
India Renewables SWOT 6
Industry Forecast Scenario 7
Table: India Total Electricity Generation Historical Data And Forecasts, 2010-2017 7
Table: India Total Electricity Generation Historical Data And Forecasts, 2014-2021 8
Table: India Electricity Generating Capacity Data And Forecasts 10
Table: India Electricity Generating Capacity Data And Forecasts 11
Renewable Projects Database 19
Table: India Key Projects - Renewables 19
Sustainable Energy Policy and Infrastructure 22
Targets (Renewables and Emissions) 22
Table: Renewable Feed-In Tariffs In India 23
Renewables Risk/Reward Ratings 26
India Renewables Risk/Reward Ratings 26
Competitive Landscape 28
Power Grid 28
National Thermal Power Corporation 29
National Hydro-Electric Power Corporation 29
Glossary of Terms 30
Table: Glossary of Terms 30
Methodology and Sources 31
Industry Forecasts 31
Renewables Industry - Data Methodology 32
Generation Data 32
Electricity Generation Capacity Data 32
Power Risk/Reward Ratings Methodology 33
Table: Power Risk/Reward Indicators 35