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Renewable Energy in India – Why should you care? Narasimhan Santhanam EAI, www.eai.in
Renewable Energy in India – Why should you care?
Narasimhan SanthanamEAI, www.eai.in
India’s current electricity production
• Installed capacity: Approx 150 GW• Primarily based on coal (52%) & large hydro (27%)• Wind (7%) is the largest alternative energy
component• Total non-hydro renewable energy is only about
8% of total
Future electricity requirements
• Could require 350 GW by 2017 (McKinsey)• Where does the additional 200 GW come from?– From fossil fuels (coal, natural gas) and– Renewables
Renewable Energy
• Solar *• Wind *• Hydro – small and large *• Biofuels• Wave and tidal• Geothermal
TODAY, India has abundant renewable energy resources, BUT…
• Renewable resources are costly
• Renewable resources are distributed
• Renewable resources are intermittent
Better Storage = Better RE
• Better energy storage higher reliability
• Better energy storage lower costs
• Better energy storage distributed electricity generation
So, what’s the catch?
TODAY • Energy storage is costly (could increase energy production costs 100-300%!)
• Energy storage for utility-scale is still evolving
• Renewable energy is just starting off (less than 3% of total)
But TOMORROW’s another day
• Many off-grids & more distributed generation – demand side pull
• RE has scale – prompts investments and lowers costs
• Technological advancements – lowers storage costs
Energy storage could be one of the biggest business opportunities
Tomorrow…
“What’s in it for me?”• Indian market driven by strong economy, government mandates and incentives
- Increasing need for electricity storage
- 68000 unelectrified villages
- National Solar Mission (2 MW – 20000 MW in 12 years!)
- National Village Electrification Programme
- Investor friendly policies (100% FDI in renewables…)
• Batteries – Lead acid, Li-ion, flow batteries, NaS
• Thermal energy storage – Solar CSP• Fuel cells• Pumped hydro• Compressed air energy storage• Flywheel• Superconducting magnetic energy storage• Supercapacitors
Technologies to watch out for
Energy storage (Battery) requirements for:
• Off-grid Solar PV market – rooftop solar
• Village electrification
• Commercial demand for replacing DG sets
• Solar-based products – lanterns, lamps and more
• Indian cellular tower industry
Markets to watch out for
For small companies
– Value added reseller of solar products & modules
– Manufacturing solar-based products on small-scale
For medium and large companies
– Tie-ups with large panel and solar product manufacturers
– Entering new battery tech such as flow batteries & NaS
Opportunities for small and large companies
Joint ventures & research partnerships
– New technologies and applications
Value added resellers
– Specific industries (cellular) / markets (local villages)
OEM partnerships
– solar modules manufacturers/solar product suppliers
Opportunities for partnerships
– New markets - Non-consumers becoming consumers,
grid-connected power generation segment
– New sources - Use in emerging renewable energy
sources such as tidal, wave & geothermal
– New products – Use of RE for new products that have
critical need for batteries
Opportunities from innovations
• Secondary research – read up more on your target segment
• Primary research – talk to the market• Foot in the door – get your hands dirty at
least cost
“What should I do?”
