RENEWABLE ENERGY IN INDIA India's Enormous Climate Challenges and Clean

Energy Opportunities

BHASKAR DEOL, NRDC

EMAIL: BDEOL@NRDC.ORG 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 Withdrawn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 !