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Overview of KfW’s Solar Activities

Andreas Thermann Deputy Director KfW Office New Delhi Coordinator - Energy Sector New Delhi, 7th of May 2013. Overview of KfW’s Solar Activities. KfW Bankengruppe at a glance. Domestic business. International business. We promote Germany. We ensure internationalisation.

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Overview of KfW’s Solar Activities

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  1. Andreas ThermannDeputy Director KfW Office New DelhiCoordinator - Energy Sector New Delhi, 7th of May 2013 Overview of KfW’s Solar Activities

  2. KfW Bankengruppe at a glance Domestic business International business We promote Germany We ensure internationalisation We promote development Promotion SMEs, business founders, start-ups Promotion construction of new housing and modernisation as well as education Financing municipal infrastructure projects and global loans International project and export finance Promotion of developing and transition countries Business Area Mittelstandsbank Business Area Privatkundenbank Business Area Kommunalbank Business AreaExport and Project Finance Business Area Promotion of Developing and Transition Countries Promotion of Climate and Enviornmental Protection

  3. Overview of FC Commitments in India (2007-2012)

  4. KfW‘s Energy portfolio in India compared to other countries

  5. Ongoing Energy Portfolio in India 69 %

  6. Project example: 150 MW Sakri Solar PV Plant • 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. 69 % 6

  7. Solar Projects refinanced under KfW Credit Lines - I 7

  8. Solar Projects refinanced under KfW Credit Lines - II 8

  9. Solar Projects in India • 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. 69 % 9

  10. 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. 10

  11. Thank you for your attention Contact Information: Andreas Thermann KfW Office New Delhi 21, Jor Bagh New Delhi 110003 India T.: +91 11 24 64 71 13 E.: Andreas.Thermann@kfw.de W.: www.kfw.de

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