Insert Cover Image using Slide Master View                               Do not distortWind Power Market – IndiaFebruary 2...
Executive Summary                Wind Energy has been the fastest growing renewable energy sector in the country         ...
•Introduction     •Market Overview          LE         • Indian Market   M   P       • EXIMS A •Trends    •Drivers & Chall...
Wind power market is poised to grow with the potential revamp of the Generation Based Incentive schemeMarket Overview     ...
Wind generation is a very complex procedure with high costs incurred at every stepWind Power – Generation Procedure & Cost...
Drivers & Challenges – Summary   Drivers                        SA M PLE                                   Challenges     ...
Roll back of incentive schemes have led to an ebb in the wind power sectorWithdrawal of GBI and AD Schemes                ...
Major Public Companies ‐ SummaryNet Profit/Loss   24                                                                      ...
Public: Domestic Company – Company A(1/4)Company Information                                                      Offices ...
Public: Domestic Company – Company A(2/4)Financial Snapshot                                                               ...
Public: Domestic Company – Company A(3/4)Key Business Segments                                                     Key Geo...
SWOT Analysis: Domestic Company – Company A(4/4) • Point 1                                                • Point 2       ...
Appendix                                          SAMPLE Ratio                          Calculations                      ...
Thank you for the attentionWind Power Market – India 2013 report is a part of Netscribes, Inc.’s Energy and Utilities Seri...
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Market Research Report : Wind power market in india 2013


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Wind power generation has long been acknowledged as the fastest growing renewable energy sector in the country. Historically, the states of Tamil Nadu, Karnataka, Maharashtra andGujarathave been the leaders in terms of total wind installations due to logistical and geographical advantage.
The report begins with an introduction into the energy scenario inIndia. Installed capacity, demand supply gap of power prevailing inIndiaand hence the need for renewable sources of energy is showcased. The market overview section provides an insight into the wind power market which includes the historical and forecasted growth and size of wind installations inIndia. Expected wind energy generation over the next four years is also shown along with value chain prevailing in the wind power industry. It gives a clear overview of the procedure & cost component of wind power generation. Export and Import figures for wind mills & turbines and wind powered generating sets are also shown for the last four fiscal years.
An analysis of the drivers explains the factors for growth of the industry which includes the huge untapped wind power potential in the country, energy deficiency condition in India, rising CO2 emissions, volatile global prices of oil and depleting coal reserves. However few challenges plague the wind power sector inIndia which includes withdrawal of GBI and AD schemes, wind power evacuation issues, land acquisition problems and issues of grid integration.
Key trends in this sector like potential of off-shore capacity, vertical integration in wind power business, hybrid generators, and major investments in the wind sector are shown.
Special initiatives are taken by the regulatory bodies like the Ministry of New and Renewable Energy (MNRE), Indian Renewable Energy Development Agency (IREDA), Centre for Wind Energy Technology (C-WET). Their description and the role played by them in the growth of renewable energy sector are given. Policy and regulatory incentives given by the central & various state governments are also tabulated. State wise comparison of feed-in-tariff policy for wind power by the top five states is shown. State specific issues of the top five wind power generating states are also mentioned briefly.

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Market Research Report : Wind power market in india 2013

  1. 1. Insert Cover Image using Slide Master View Do not distortWind Power Market – IndiaFebruary 2013
  2. 2. Executive Summary  Wind Energy has been the fastest growing renewable energy sector in the country  With a cumulative installed capacity of over ‐‐ GW (by Dec 2012) wind power currently accounts for almost  Market 70 % of the total installed capacity in the renewable energy sector    This sector is expected to grow with a CAGR of ‐‐% to reach ‐‐ GW by 2016  The market has slumped currently due to withdrawal of the flagship AD & GBI scheme by the Government Drivers P – Huge Untapped Wind Power Potential LE Challenges – Withdrawal of GBI and AD Schemes M Drivers &  – India Remains Energy Deficient – Wind Power Evacuation Issues A Challenges – Global Drive towards Clean Energy  – Land Acquisition Problems S – Volatile Oil Prices – Issues of Grid Integration – Depleting Coal Reserves  Potential of Off‐Shore Capacity  Major Investments in the Wind Sector Trends  Vertical Integration  Hybrid Generators  Major Government Bodies  Policy and Regulatory IncentivesGovernment  State wise Comparison Of Feed‐in‐tariff Policy For Wind Power (Top Five States) Major PlayersCompetitive  Company A Company B Company C Landscape Company D Company E Company F WIND POWER  MARKET IN INDIA 2013.PPT 2
  3. 3. •Introduction •Market Overview LE   • Indian Market M P • EXIMS A •Trends •Drivers & Challenges •Government Participation •State Specific Issues •Competitive Landscape •Strategic Recommendations •Appendix WIND POWER  MARKET IN INDIA 2013.PPT 3
  4. 4. Wind power market is poised to grow with the potential revamp of the Generation Based Incentive schemeMarket Overview Market Size Forecast• Wind Energy has been the fastest growing renewable    GW energy sector in the country LE• This sector is expected to grow with a CAGR of ‐‐% to  x% x6 reach ‐‐ GW by 2016 x5 P x4• With a cumulative installed capacity of over ‐‐ GW  x2 x3 x1 (by Dec 2012) wind power currently accounts for  renewable energy sector S M almost ‐‐ % of the total installed capacity in the  A• Historically, the states of Tamil Nadu, Karnataka,  Maharashtra and Gujarat have been the leaders in  2011 2012 2013e 2014e 2015e 2016e terms of total wind installations Market Size Historical• More than ‐‐% of the nation’s wind energy  development to date is concentrated in just five  GW states in southern and western India – Tamil Nadu,  Andhra Pradesh, Karnataka, Maharashtra, and  y6 y% Gujarat y5• The market has slumped currently due to withdrawal  y4 y3 of the flagship Accelerated Depreciation &  y2 y1 Generation Based Incentive scheme by the  Government• However the Ministry of New and Renewable Energy  have indicated that the GBI scheme might be  2006 2007 2008 2009 2010 2011 reinstated WIND POWER  MARKET IN INDIA 2013.PPT 4
  5. 5. Wind generation is a very complex procedure with high costs incurred at every stepWind Power – Generation Procedure & Cost Component Wind Turbine LE   Cost Breakup of a Wind Farm Inverter & MP A g% d% S Interconnectors e% i% c % f% h% b %Main Utility Breaker Panel AC Electric Circuits a % AC Utility Meter Turbine Land Rent Financial Costs Grid Connection Electric Installation Road Construction Grid Connection Foundation Consultancy Control Systems Note: Figures are for a typical 2 MW wind turbine as in FY2009 WIND POWER  MARKET IN INDIA 2013.PPT 5
  6. 6. Drivers & Challenges – Summary  Drivers SA M PLE  Challenges Withdrawal of GBI and AD Schemes Huge Untapped Wind Power Potential Wind Power Evacuation Issues India Remains Energy Deficient Land Acquisition Problems Global Drive towards Clean Energy Issues of Grid Integration Volatile Oil Prices Depleting Coal Reserves WIND POWER  MARKET IN INDIA 2013.PPT 6
  7. 7. Roll back of incentive schemes have led to an ebb in the wind power sectorWithdrawal of GBI and AD Schemes Impact• Wind energy sector has registered slow growth in the first quarter FY2013, in sharp contrast to  the past year’s growth LE  • Tamil Nadu, the windiest state, capacity addition has fallen by more than half while Rajasthan  has witnessed a drastic decline have emerged as the main reasons behind this debacle MP• Withdrawal of generation‐based incentive (GBI) and accelerated depreciation (AD) schemes • The GBI scheme (launched in 2009) was in addition to the government’s promotional scheme,  AD, launched in the 1990s S A• Accelerated depreciation (AD) was withdrawn from April 1st, 2012• GBI also lapsed in March 2012 and was not renewed GBI Scheme Accelerated Depreciation Scheme• It entitled the wind energy producer to get INR  • Wind energy producer were entitled to claim  0.50/unit (over and above the tariff) of  up to 80 % AD in the 1st year itself (against the  electricity produced for the first 4 to 10 years of  normal rate of 15%) project life subject to maximum cap of INR 6.2  • Over the years AD was the major driver for the  mn/MW• The scheme could be availed only if AD Scheme  development of the wind industry in the  had not been availed country However the Ministry of New and Renewable Energy has given hope to Wind power developers and turbine  manufacturers that GBI scheme may be reinstated in the near future WIND POWER  MARKET IN INDIA 2013.PPT 7
  8. 8. Major Public Companies ‐ SummaryNet Profit/Loss 24 Size of the Bubble represents Market    22 Capitalization in INR bn x2 LE 20 18 16 14 MP A x1 12 10 8 6 S 4 2 x3 0 ‐2 ‐25,000 ‐20,000 ‐15,000 ‐10,000 ‐5,000 0 5,000 10,000 15,000 20,000 25,000 30,000 35,000 Total income Company A Company C Company B Note: All figures are in INR bn and are based on the latest financials available WIND POWER  MARKET IN INDIA 2013.PPT 8
  9. 9. Public: Domestic Company – Company A(1/4)Company Information Offices and Centres – India  Street ACorporate Address   Maharashtra LETel No. +91‐22‐12345678Fax No. +91‐22‐12345679WebsiteYear of 19‐‐ MP AIncorporation STicker Symbol ‐‐ Mumbai  Stock Exchange BSE Head OfficeProducts and ServicesCategory Products/Services Wind turbine generators, wind power  Key PeopleWind Sector systems  and related components such  as drive systems, annular generators etc. Name Designation Land sourcing and permitting, wind  Person A Founder, Chairman, MDProject Services resource assessment and installation and  commissioning services Person B CFO Sale/sub‐lease of land; infrastructure  Global Head of Public  development; sale of foundry and  Person COthers Relations forging components; generation and sale  of power Person D Chief Economist WIND POWER  MARKET IN INDIA 2013.PPT 9
  10. 10. Public: Domestic Company – Company A(2/4)Financial Snapshot Key Ratios y‐o‐y change  Total Income Net Profit/Loss Particulars  2012 2011 2010 2009 (2012‐11) INR bn INR bn Profitability Ratios Operating Margin SAMPLE Net Margin Profit Before Tax Margin Return on Equity   Return on Capital Employed Return on Working Capital 2009 2010 2011 2012 Return on AssetsFinancial Summary  Return on Fixed Assets Cost Ratios• The company incurred a net loss of INR ‐‐ bn in FY 2012, as  Operating costs (% of Sales) compared to net loss of INR ‐‐ bn in FY 2011 Administration costs (% of • The company reported total income of INR ‐‐ bn in FY 2012,  Sales) registering an increase of ‐‐% over FY 2011 Interest costs (% of Sales) Liquidity Ratios• The company earned an operating margin of ‐‐% in FY 2012, an  Current Ratio increase of ‐‐ percentage points over FY 2011 Cash Ratio• The company reported debt to equity ratio of ‐‐ in FY 2012, an  Leverage Ratios increase of ‐‐% over FY 2011 Debt to Equity Ratio Debt to Capital RatioKey Financial Performance Indicators Interest Coverage Ratio Indicators Value (26/12/2012) Efficiency RatiosMarket Capitalization (INR mn) ‐‐ Fixed Asset TurnoverTotal Enterprise Value (INR mn) Asset Turnover ‐‐ Current Asset TurnoverEPS (INR) ‐‐ Working Capital TurnoverPE Ratio (Absolute) ‐‐ Capital Employed Turnover Improved Decline WIND POWER  MARKET IN INDIA 2013.PPT 10
  11. 11. Public: Domestic Company – Company A(3/4)Key Business Segments Key Geographic Segments Wind Turbine Generator Sale of Gear Box India USA & Canada Australia   Foundry & Forging Others Europe China Others P LE 2009Business Highlights 2010 2011 S 2012 AM 2009 2010 2011 2012Description  News • Ranked as one of the largest wind turbine supplier, in terms of cumulative installed capacity, at the end Overview of 2011 • Has operations across Asia, Australia, Europe, Africa and North and South America • The company added ‐‐ MW in FY 2011‐12 Expansion • Company A powered ‐‐ that resulted in crossing of 1000 MW (1 GW) of installations in 2011‐12 • It was awarded ‐‐ award for “x” and “y” in 2012‐13Achievements • The company ranked –th in Global Transnational companies Survey by the Indian School of Business,  Hyderabad and Brazils Fundacao Dom Cabrall WIND POWER  MARKET IN INDIA 2013.PPT 11
  12. 12. SWOT Analysis: Domestic Company – Company A(4/4) • Point 1 • Point 2 LE   MP S A • Point 4 • Point 3 WIND POWER  MARKET IN INDIA 2013.PPT 12
  13. 13. Appendix SAMPLE Ratio Calculations Ratio Calculations (Operating  Current Assets / Current Operating Margin Current Ratio Income/Revenues)*100 Liabilities Net Margin (Net Profit / Revenues) *100 {(Cash & Bank Balance +  Cash Ratio Marketable Securities) / Current  (Income Before Tax / Revenues  Liabilities)} Profit Before Tax Margin *100  Total Liabilities / Shareholders  Debt to Equity  (Net Income / Shareholders  Equity Return on Equity (ROE)  Equity)*100  {Total Debt / (Shareholders  Debt to Capital Ratio EBIT / (Total Assets – Current  Equity + Total Debt)} Return on Capital (ROCE)  Liabilities)*100  Interest Coverage Ratio EBIT / Interest ExpenseReturn on Working Capital (EBIT / Working Capital) *100 Fixed Asset Turnover Sales / Fixed Assets Return on Assets (EBIT / Total Assets)*100  Asset Turnover Sales / Total Assets Return on Fixed Assets (EBIT / Fixed Assets) *100  (Operating Expenses / Sales)  Current Asset Turnover  Sales / Current Assets Operating Costs (% of Sales) *100 Administration Costs (% of  (Administrative Expenses / Sales)  Working Capital Turnover Sales / Working Capital Sales) *100  Sales / (Shareholders Equity +  Capital Employed Turnover Interest Costs (% of Sales) (Interest Expenses / Sales) *100  Total Debt) WIND POWER  MARKET IN INDIA 2013.PPT 13
  14. 14. Thank you for the attentionWind Power Market – India 2013 report is a part of Netscribes, Inc.’s Energy and Utilities Series.For the complete market research report, contact us at:Phone: +91 33 4027 6214/6215E‐Mail: info@netscribes.comFollow us on:About Netscribes, Inc.Netscribes, Inc.  is a knowledge‐consulting and solutions firm with clientele across the globe. The company’s expertise spans areas of investment & business research, business & corporate intelligence, content‐management services, and knowledge‐software services. At its core lies a true value proposition that draws upon a vast knowledge base. Netscribes Inc. is a one‐stop shop designed to fulfil clients’profitability and growth objectives.Disclaimer: This report is published for general information only. Although high standards have been used in the preparation, “Netscribes” is not responsible for any loss or damage arising from use of this document. This document is the sole property of Netscribes and prior permission is required for guidelines on reproduction. WIND POWER  MARKET IN INDIA 2013.PPT 14