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Overview of KfW’s Solar Activities
Andreas ThermannDeputy Director KfW Office New DelhiCoordinator - Energy Sector
New Delhi, 7th of May 2013
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KfW Bankengruppe at a glance
We promote development
Promotion of developing and
transition countries
International business
We promote Germany
Promotion construction
of new housing and modernisation
as well as education
Promotion SMEs, business founders,
start-ups
Financing municipal infrastructure projects and global loans
Domestic business
We ensure internationalisation
International project and
export finance
Promotion of Climate and Enviornmental Protection
Business Area Mittelstandsbank
Business Area Privatkundenbank
Business Area Kommunalbank
Business AreaExport and Project
Finance
Business Area Promotion of
Developing and Transition Countries
Overview of FC Commitments in India (2007-2012)
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0.0
100.0
200.0
300.0
400.0
500.0
600.0
700.0
800.0
2007 2008 2009 2010 2011 2012
Co
mm
itm
en
ts (
in M
io.
EU
R)
Energy Env Eco dev Others
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KfW‘s Energy portfolio in India compared to other countries
Ongoing Energy Portfolio in India
Portfolio Mix
Renewables
Energy Efficiency
31 %
Mode of Financing
Direct Funding
Credit Lines
52 %48 %
5
69 %
Project example: 150 MW Sakri Solar PV Plant
6
69 %
› Borrower: Government of India - Executing Agency: MAHAGENCO
› Loan EUR 250 Million (Reduced Interest Loan) - Grant for Technical Assistance EUR 0.7 Million
› Date of loan signing: 10 August 2011
› Currently 125 MW are already producing power
› Estimated electricity generation: 216 GWh p.a. - Estimated CO2 Reduction 186,000 tons p.a.
No. Project NameSize and
technology
Year of Commissioni
ng
Amount refinanced
by KfW (Mio. INR)
1M/s MAHAGENCO - Maharashtra
2 MW crytalline / 2 MW thin film PV
Feb 2012 394
2M/s Premier Solar Systems Pvt. Ltd- Jharkhand
1 MW thin film PV / 1 MW Crystalline Modules
Mar 2012 181
3M/s Photon Energy Systems Ltd. - Andhra Pradesh
1 MW crystalline PV Mar 2012 85
4M/s PCS Premier Energy Pvt. Ltd. - Jharkhand
2 MW thin film PV Feb 2012 182
5APCA Power Pvt. Ltd. - Gujarat
5 MW thin film Dec 2012 195
6AEW Infratech Pvt. Ltd. Gujarat
1MW thin film PV Jan 2012 99
7Saimeg Infrastructure Pvt. Ltd. - Jharkhand
2 MW Crystalline Project
Jun 2012 145
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Solar Projects refinanced under KfW Credit Lines - I
No. Project NameSize and
technology
Year of Commissionin
g
Amount refinanced by KfW (Mio. INR)
8M/s Amrit Jal Ventures Ltd.- Andhra Pradesh
1 MW PV Jul 2011 124
9M/s Swisspark Vanijya
Pvt. Ltd.- Rajasthan5 MW PV Oct 2011 478
10M/s Raajratna Energy
Holdings Pvt. Ltd.- Orissa
1 MW PV Jun 2011 113
11M/s Moser Baer Energy and Development Ltd.-
Gujarat15 MW PV Jan 2012 281
12M/s Ganeshwani
Merchandise5 MW Solar PV May 2012 396
Total 2673
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Solar Projects refinanced under KfW Credit Lines - II
Solar Projects in India
9
69 %
› KfW has currently invested 290 million Euros (2,000 crore Rupees) in 13 solar projects.
› KfW is refinancing loans of IREDA and REC for 12 projects.
› KfW’s largest investment in the solar sector is the 150 MW Sakri project implemented by MAHAGENCO in the state of Maharashtra.
› For the future we are:
› looking for financing our first CSP project in India;
› planning to finance additional large PV projects of public utilities;
› looking at options to finance solar parks and rooftop system of private households, industry and public companies;
› preparing a research project with NTPC-NETRA for CSP and CPV technologies.
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KfW – Green Energy Corridors
› Joint Declaration on Indo-German Development Cooperation Regarding the Establishment of Green Energy Corridors signed in Berlin on April 11th, 2013.
› Basis for the strategic cooperation between Germany and India to foster the grid integration of renewable energies in India.
› Technical Assistance shall be offered via GiZ e.g. for forecasting and market design.
› Financial Contribution via KfW shall be 1 billion Euros over the next years.
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Thank you for your attention
Contact Information:Andreas Thermann KfW Office New Delhi 21, Jor Bagh New Delhi 110003 IndiaT.: +91 11 24 64 71 13 E.: [email protected] W.: www.kfw.de