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Renewable energy POLICY: myth busters

Renewable energy POLICY: myth busters. Friday 30 TH May, 2014 RUDICON CONFERENCE IMC, MUMBAI. CONTENTS. CONTENTS. SOLAR POLICIES AND CAPACITY ADDED. RPSSGP- Rooftop PV & Small Solar Power Generation Programme SEIAC- Solar Energy Industry advisory Council.

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Renewable energy POLICY: myth busters

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  1. Renewable energy POLICY:myth busters Friday 30TH May, 2014 RUDICON CONFERENCE IMC, MUMBAI

  2. CONTENTS

  3. CONTENTS

  4. SOLAR POLICIES AND CAPACITY ADDED RPSSGP- Rooftop PV & Small Solar Power Generation Programme SEIAC- Solar Energy Industry advisory Council Source: Forum of Regulators, MNRE, MP EnsystemsResearch

  5. SOLAR ENERGY: POLICIES AND PRIORITIES Myth #1: Current policies in India are sufficient to promote solar energy • Support measures to power producers include subsidies, RPO, Viability Gap Funding • Solar power not yet achieved grid parity, commercial finance not available, USD 13 bn in investment needed over 3 years to meet JNNSM target Myth #2: Among renewables, the Government’s main focus is solar energy • Generation Based Incentives, RPO/ REC, Partial Risk Guarantee Fund available to all renewables • Draft National Offshore Wind Policy in 2013 and National Wind Mission in 2014

  6. SOLAR ENERGY: PRICING AND FINANCE Myth #3: Large-scale implementation of Solar PV power plants has lead to a rise in electricity prices Source: CERC, MP Ensystems research

  7. SOLAR ENERGY: PRICING AND FINANCE Myth #4: Investments in solar energy sector are only through Government subsidies • Approximately 70% of investment in solar power is from the private sector • Trend is towards more private players installing RE behind the meter. Myth #5: Funds provided in the initial years for JNNSM projects have dried up as Phase II begins • Investment in Phase I of JNNSM through self-financing and loans from international financial institutions at concessional rates • In Phase II, Viability Gap Funding available up to 30% of project cost • Potential for funding by private equity

  8. SOLAR POLICY: TECHNOLOGY AND INFRASTRUCTURE Myth #6: The solar sector in India only needs an R&D push • Barriers to acquiring land, finance, infrastructure, RPOs not implemented in some states, trade barriers to importing components • Policy push required Myth #7: There is no focus on off grid Decentralized Distributed Generation (DDG) • There are a number of central and state programs for small-scale applications and mini grids Myth #8: The national grid is inadequate at distributing solar power • States improving transmission network • Green corridors to be set up to evacuate RE

  9. WIND POLICIES AND CAPACITY Source: Global Wind Energy Council, Indian Wind Energy Association, MNRE, MP EnsystemsResearch

  10. WIND ENERGY: POLICIES AND PRIORITIES Myth #1: Promoting wind energy does not require strong policy incentives • Drop in capacity addition after incentives withdrawn • SERCs need to strengthen utility compliance with RPO targets • Long-term stability in policy regime required Myth #2: Despite its initial strong start in India, wind energy is lagging behind other renewables Source: IRENA-GWEC 2012

  11. WIND ENERGY: PRICING AND FINANCE Myth #3: Wind energy is over-subsidized • Capacity utilisation factor for wind generation in India is below 25%, as compared to 70% at coal-fired power plants • Investment to upgrade older wind turbines is needed to achieve greater efficiency. Source: Frankfurt School- UNEP, 2013

  12. WIND ENERGY: PRICING AND FINANCE Myth #4: RECs and RPOs do not promote wind energy Source: Renewable Energy Certificate Registry of India, 2014

  13. NON SOLAR RPOS COMPLIANCE LEVELS ** The figures in the column represent averages across utilities in the state Source- MERC, 2014

  14. CONTACTS Ira Prem Email : ira@mpensystems.com Priya Bhargava Email : priya@mpensystems.com Landline no. : +91.22.2592.5215 / 16 / 17 Web : www.mpensystems.com

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