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Solar Energy India

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  • 1. KVK Energy 22 FEBURARY, 2012
  • 2. KVK Energy Ventures Private Limited PRESENTATION BY GOPAL LAL SOMANIKVK Energy 22 FEBURARY, 2012
  • 3. Contents • Introduction- Overview • National Energy Scenario • Grid connected Solar Energy- Progress • NSM / NVVN Phase I – Bidding Results and Progress • Journey towards grid parity • Long term Development and Growth under NSM • Cost trends and predicted charts • Key Drivers • Concerns and limitation • ConclusionKVK Energy 22 FEBURARY, 2012
  • 4. Renewable energy – Overview • Principal renewable sources of energy are : Solar, Wind, Biomass, Small hydro, Geo thermal etc. • Renewable energy capacity reached 23129 MW, accounting for 10.75% of the total installed power capacity in India • The Ministry of New and Renewable Energy (MNRE) plans to take the total renewable energy capacity to more than 30000 MW during 11th Five-Year Plan • Solar energy capacity development is miniscule at the moment • Indian Solar energy market is estimated worth 100000 MW in long term . • Currently solar energy accounts for a fraction (less than 2.5%) of the total renewable energy installed capacity in India.KVK Energy 22 FEBURARY, 2012
  • 5. Renewable energy – Overview • Government is providing various direct and indirect incentives to encourage investment in solar energy. • Solar energy is at a nascent stage in India and the Solar Photovoltaic method of power generation is dominant at present • Solar energy can be harnessed through two methods – A. Solar Photovoltaic (SPV) - converts light directly into electricity. Cr. Silicon and Thin Film are the popular technologies in the market B. Solar Thermal/Concentrated Solar Power (CSP) - converts light first into heat and then into electricity Parabolic trough, Central Tower, CLFR and Dish technologies are popular.KVK Energy 22 FEBURARY, 2012
  • 6. Source MNREKVK Energy 22 FEBURARY, 2012
  • 7. National Energy ScenarioKVK Energy 22 FEBURARY, 2012
  • 8. GRID CONNECTED SOLAR POWER - PROGRESS • Amendment in National Solar Policy for Solar Specific RPO set to 0.25% in phase I and to increase to 3% by end 13th Plan. • Announcement of separate solar policies by states and RPO’s by state Regulators. • Announcement of REC mechanism by CERC / SREC with floor and forbearance prices for trading through Renewable Energy Trading Centres. • Exemption from Environmental Clearances for Solar Energy Projects. • NVVN / NTPC authorised for allotment of solar energy projects of Phase I (Thermal and PV) for 1000 MW capacity.KVK Energy 22 FEBURARY, 2012
  • 9. NSM/NVVN PHASE I BIDDING RESULT LEC TARIFF TRENDSKVK Energy 22 FEBURARY, 2012
  • 10. NVVN/NSM-Phase I – Bidding Process • Solar Thermal CSP technology: 7 projects aggregating to 470 MW capacity selected in December, 2010. • Transparent reverse bidding process followed by NVVN resulted into average tariff of Rs. 11.48 against CERC bench mark tariff of Rs. 15.57 • Solar PV technology: 30x5 MW for 150 MW capacity selected in December, 2010.KVK Energy 22 FEBURARY, 2012
  • 11. NVVN/NSM-Phase I – Bidding Process • Transparent reverse bidding process followed by NVVN resulted into average tariff of Rs. 12.16 against CERC bench mark tariff of Rs. 17.93 • Most projects are connected got synchronised and connected to Grid in January, 2012. • 350 MW Batch II projects: 28 projects got selected with minimum and maximum tariff of Rs. 7.49 and Rs.9.44. Weighted average tariff of Rs. 8.77 has further been achieved against CERC bench mark tariff of Rs.15.32 / unitKVK Energy 22 FEBURARY, 2012
  • 12. Anticipated Commissining - Progress • Projects are scheduled for commissioning by end 2012 or March 2013. • Solar Power installed capacity: (+) 400 MW as on date and expected to reach 500 (+) by March 2012. (Combined under Gujarat Policy and JNSM). • Allotment of solar projects under JNSM Phase II and bidding process in states will continue for additional capacity of 2500 MW. • Solar energy heading to achieve grid parity by 2015 – 2017.KVK Energy 22 FEBURARY, 2012
  • 13. Target for development- Grid parity • Phased development of additional 5000 – 7500 MW through competitive bidding will result solar energy into self sustainability and cost economic viable solution for large scale development. • Development at economy of scale in solar energy will allow explosive development through open access, REC, captive and IPP mode. • With 3% RPO mandate under the Electricity Act 2003, Solar energy expected to achieve grid parity in 2015 – 17, the solar energy will surpass NSM target and achieve capacity built up to 50000 – 60000 MW in 2022.KVK Energy 22 FEBURARY, 2012
  • 14. Growth of Solar Power under JNSMKVK Energy 22 FEBURARY, 2012
  • 15. Cost trends & predicted scenario. $3.19/W 0.18 0.41 $2.65/W 0.18 0.50 0.41 $2.17/W 0.17 $2.02/W $1.9/W 0.30 0.50 0.39 0.17 $2.00/W 0.16 $1.71/W$1.63/W 1.79 0.38 0.16 $1.56/W $1.5/W 0.36 0.15 0.15 $1.44/W 0.21 0.48 0.35 0.15 0.34 0.33 0.14 0.14 0.46 0.33 1.35 0.44 0.32 0.31 0.43 0.42 0.19 0.41 0.40 0.18 0.16 0.39 0.38 0.94 0.15 0.14 0.84 0.77 0.14 0.13 0.71 0.65 0.12 0.12 0.61 0.57 0.53 0.50 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 Inverter Balance of plant Engineering, procurement & construction Other Source: BNEFKVK Energy 22 FEBURARY, 2012
  • 16. Decreasing costs for Crystalline -Silicon 1.6 1.4 1.2 1.0 0.8 0.6 0.4 0.2 0.0 u u J J M M M M M n a n a N N l l J J S S a a p e o p e o v v a a a y r y r y u 4 0 u 8 1 O O J J 0 1 4 2 N N D D c c A A A l l n a 2 0 n a 6 1 S S J J g u 1 0 g u 5 1 g u 9 2 p e 2 1 p e 6 2 o 7 0 o 1 2 e 5 0 e 9 1 v v c c t t 2009 2010 2011 2012 5" mono wafers 6" multi wafers 6" mono wafers Mono cells Multi cells Source: BNEFKVK Energy 22 FEBURARY, 2012
  • 17. Decreasing costs for Crystalline -Silicon 2.5 2.0 1.5 1.0 0.5 0.0 M A p M N D n a n u F a J J b e o e r v c a r y u 1 J O O O O O u 4 0 u 8 1 u 5 2 J J J 3 0 0 1 7 1 4 2 1 3 l c c c c c N N N N D D D D n a 2 0 n a 9 0 n a 6 1 n a 3 2 A A A A A l l l S S S S J J J J g u 1 0 g u 8 0 g u 5 1 g u 2 g u 9 2 p e 5 0 p e 2 1 p e 9 1 p e 6 2 o 7 0 o 4 1 o 1 2 o 8 2 e 5 0 e 2 1 e 9 1 e 6 2 t t t t t v v v v c c c c 2010 2011 2012 Multicrystalline silicon module (c-Si) Monocrystalline silicon module (c-Si) Source:BNEFKVK Energy 22 FEBURARY, 2012
  • 18. Module Pricing – Current trendsKVK Energy 22 FEBURARY, 2012
  • 19. Key Drivers in future market • Optimum solar radiations 5.5 – 6.5 Kwh / m2 / day • More than 300+ yearly Sunny days. • Strong infrastructure and policy support. • Overwhelming response by developers and investors expressed in NSM Phase I bidding. Applications worth 30000 MW already registered in various states for development.16000 MW applications alone in Rajasthan. • Silicon, wafer, cell and module prices crashed in recent past and continue to fall further. (Silicon price from $450 / kg in 2008 to $ 50 / kg in 2011 and cell price from $ 2 to $ 0.6/ W) • Declining cost on PV systems, innovations in technologies and efficiency gain will support rapid development and long term viable investment in Gujarat and Rajasthan • Abundant desert land available in Thar DesertKVK Energy 22 FEBURARY, 2012
  • 20. Challenges • Solar thermal capital cost are still unaffordable and prohibitive. • Accurate solar resource assessment. High risk and serious concerns by FI’s. • Concerns on long term performance due to high temperature environment and fast degradation • High dependence on proprietary items and BOS supplies from import . • High finance cost in India. • Lack of human recourse and manpower in EPC/O&M. • Limited support on R&D activities and transmission infrastructure. • High dust level in maintenanceKVK Energy 22 FEBURARY, 2012
  • 21. Concerns on quality and installationKVK Energy 22 FEBURARY, 2012
  • 22. Concerns on quality and installationKVK Energy 22 FEBURARY, 2012
  • 23. Concerns on quality and installationKVK Energy 22 FEBURARY, 2012
  • 24. Conclusion Journey has started rapidly towards affordable and GRID PARITY SOLAR ENERGY in India with significant boost resulted in two bidding sessions carried out by NVVN / MNREKVK Energy 22 FEBURARY, 2012
  • 25. We Envision “To be an integrated player across the Energy Value Chain, delivering quality power at competitive cost and creating superior value for all stake holders" Thank You Contact: GOPAL LAL SOMANIKVK Energy 22 FEBURARY, 2012 Mobile : 91 8800988699