RENEWABLE ENERGY IN INDIA India's Enormous Climate Challenges and Clean
Energy Opportunities
BHASKAR DEOL, NRDC
EMAIL: [email protected] TWITTER: @BHASKARDEOL
Agenda
• INDIA RENEWABLE ENERGY OVERVIEW
• CURRENT POLICIES AND TARGETS
• JOB CREATION POTENTIAL OF INDIA’S RENEWABLE ENERGY SECTOR
India’s Energy Challenges
2!
Current capacity of 260 GW and Renewable Energy capacity of 34 GW (13% of total; approximately 7% of electricity produced) (March 2015)
Present Day Power Sector Scenario
Sources: CEA, MNRE!
Coal 60.1%
Gas 8.7%
Diesel 0.5%
Nuclear 2.2%
Hydro 15.5% Wind
8.6%
Small Hydro 1.5% Biomass
0.5% Bagasse Cogen 1.1%
Solar 1.3%
RE 13.1%
Solar Energy Potential
5!
Capacity and Potential • World’s 11th largest solar
capacity: 3.3 GW
• Solar potential assessed to be 748 GW
Policy Goals • 100 GW by 2022
Wind Energy Potential
6!
Capacity and Potential
• World’s 5th largest installed wind capacity: 22.6 GW
• Wind potential assessed over 100 GW at 80m hub
Policy Goals • 60 GW by 2022
Support Mechanisms for Renewable Energy
7!
• Feed in Tariffs, Generation Based Incentives • Power Bundling, Priority Dispatch, Net Metering
Tariffs and Incentives
• Accelerated Depreciation • Excise and Customs Exemptions, Tax Holidays
Tax Exemptions
• Mandated by Electricity Act and Tariff Policy • Supported by Renewable Energy Certificate (REC)
mechanism
Renewable Purchase
Obligations (RPO)
• Priority Sector Lending • Credit Enhancement • Infrastructure Debt Funds, Securitization, Green Bonds
Credit
• Over 12 states have announced state policies with provisions for grid connected, rooftop, and off-grid solar
State Level Policies
India Solar and Wind Capacity Addition: 2003-14
8!
-
5,000
10,000
15,000
20,000
25,000
-
500
1,000
1,500
2,000
2,500
3,000
3,500
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
Cum
ulat
ive
capa
city
(MW
)
Ann
ual c
apac
ity a
dditi
on (M
W)
Annual wind addition Annual PV addition Cumulative wind addition Cumulative PV addition
Sources: National Institute of Wind Energy, MNRE, Mercom Capital, BNEF!
NSM Announced
100 GW Target
Acc. Dep. Withdrawn
Solar Energy Target: 100 GW by 2022
9!
Residential / Commercial 40,000 MW!
Utility Scale!40,000 MW!
Solar Parks !20,000 MW!
Large Scale Projects Rooftop Projects Off Grid Solar Off-Grid Applications !
2,000 MW!
Solar Job Creation: Over 1 Million Jobs by 2022
10!
40 GW Rooftop, 40 GW Large-scale Projects,
20 GW Solar Parks
Source: CEEW – NRDC, Clean Energy Powers Local Job Growth in India !
Wind Job Creation: Over 180,000 Jobs by 2022
11!Source: CEEW – NRDC, Clean Energy Powers Local Job Growth in India !
NRDC-CEEW Publications
12!
THANK YOU!
13!
BACKUP SLIDES FOLLOW
14!
Leading States for Renewable Energy
15!Source: CEEW – NRDC, Clean Energy Powers Local Job Growth in India !