The presentations aims to explain the outlook for Solar PV for 2017.
The key trend is the falling demand from China which would lead to an overcapacity in the module manufacturing space eventually leading to a lower pricing power.
Sustainable Infrastructure Assistance Program (46380-023)
TA 9511–INO: Indonesia Energy Sector Assessment and Priorities 2020–2024
Energy Policy Feedback (Power)
Focus Group Discussion
Jakarta, 18 October 2019
Investment confidence in Australia’s renewable energy sector has significantly improved following the legislation of the revised Large-scale Renewable Energy Target (LRET) in mid-
2015, a new Prime Minister that is more supportive of renewable energy and a strong outcome at the Paris climate change conference. The level and pace of investment will need to increase substantially in 2016 and 2017 in order
for liable parties to deliver on the 2020 legislated target and obligation. The Clean Energy
Regulator estimates that for this to happen, around 3000 MW of new renewable capacity should
be committed in 2016.
This paper outlines the status of progress towards delivering on the 2020 target of 33,000 GWh
of new large-scale renewable energy generation. While there will be challenges, this paper finds
that there is reason to be optimistic that the required new investment will be delivered within the
required timeframe.
The presentations aims to explain the outlook for Solar PV for 2017.
The key trend is the falling demand from China which would lead to an overcapacity in the module manufacturing space eventually leading to a lower pricing power.
Sustainable Infrastructure Assistance Program (46380-023)
TA 9511–INO: Indonesia Energy Sector Assessment and Priorities 2020–2024
Energy Policy Feedback (Power)
Focus Group Discussion
Jakarta, 18 October 2019
Investment confidence in Australia’s renewable energy sector has significantly improved following the legislation of the revised Large-scale Renewable Energy Target (LRET) in mid-
2015, a new Prime Minister that is more supportive of renewable energy and a strong outcome at the Paris climate change conference. The level and pace of investment will need to increase substantially in 2016 and 2017 in order
for liable parties to deliver on the 2020 legislated target and obligation. The Clean Energy
Regulator estimates that for this to happen, around 3000 MW of new renewable capacity should
be committed in 2016.
This paper outlines the status of progress towards delivering on the 2020 target of 33,000 GWh
of new large-scale renewable energy generation. While there will be challenges, this paper finds
that there is reason to be optimistic that the required new investment will be delivered within the
required timeframe.
Victoria, while rich in renewable energy resources and strong industry capabilities in ICT, its dependence on brown coal as an energy source has meant it has struggled in demonstrating leadership in the emerging or so called "new energy" sector. This sector strategy published in 2016, suggests that the state's appetite for change has moved in the right direction, with some of the plans e.g. setting renewable energy generation targets, already being committed to publicly. This will greatly help in bringing further investment in new energy into the state.
New energy technologies are a small but growing part of Victoria’s economy. New energy technologies include forms of renewable energy, innovations that make the state's energy system more efficient, and the products and services that increase consumers’ control over their energy needs. The new energy technologies sector
creates jobs to deliver these outcomes to the state.
New energy technologies offer potential for substantial employment growth across the state because of competitive advantages in the sector. Victoria enjoys significant advantages in areas such as information and communications technology (ICT), advanced manufacturing, and material engineering. It also has abundant world-class renewable energy resources, smart meter infrastructure, and research and technological
capabilities, so it is well-placed to capitalise on sector growth.
Key achievements:
• The Renewable Energy Advocate and the NSW Department of Industry provided support
for 17 large-scale renewable energy projects, totalling a potential 4,500 megawatts of new
capacity and $6 billion of investment.
• The $440 million Solar Flagships projects progressed with the Nyngan Solar Plant achieving
its maximum designed generation capacity and over half of the photovoltaic modules at the
Broken Hill Solar Plant are generating electricity.
• Over the past year, three large-scale renewable energy projects, including Nyngan Solar Plant,
came online, representing over $900 million of investment, 380 megawatts of capacity and
enough output to power 140,000 homes each year.
• The NSW Government sponsored the Network Opportunity Mapping project led by the
Institute of Sustainable Futures, which will highlight opportunities for renewable energy to
meet network constraints.
Bernard Chabot is back today with a comparison of wind and nuclear in the "BICS" countries (BRICS without Russia). He points out that wind has boomed in China since the country got rid of auctions and switched to FITs.
ABC Power- From Saudi Arabia to the World- AN EPC Business Development PlanRupesh K. Sinha
Looking forward for any Saudi or Middle East Contracting Company/ Power Sector Development Individual/ Promoter/ Investor to join together and set-up ABC Power from Saudi Arabia to WORLD as per the Vision Presentation attached.
Interested company or individual are invited to explore avenue and move forward to join and build Power to Nation.
Victoria, while rich in renewable energy resources and strong industry capabilities in ICT, its dependence on brown coal as an energy source has meant it has struggled in demonstrating leadership in the emerging or so called "new energy" sector. This sector strategy published in 2016, suggests that the state's appetite for change has moved in the right direction, with some of the plans e.g. setting renewable energy generation targets, already being committed to publicly. This will greatly help in bringing further investment in new energy into the state.
New energy technologies are a small but growing part of Victoria’s economy. New energy technologies include forms of renewable energy, innovations that make the state's energy system more efficient, and the products and services that increase consumers’ control over their energy needs. The new energy technologies sector
creates jobs to deliver these outcomes to the state.
New energy technologies offer potential for substantial employment growth across the state because of competitive advantages in the sector. Victoria enjoys significant advantages in areas such as information and communications technology (ICT), advanced manufacturing, and material engineering. It also has abundant world-class renewable energy resources, smart meter infrastructure, and research and technological
capabilities, so it is well-placed to capitalise on sector growth.
Key achievements:
• The Renewable Energy Advocate and the NSW Department of Industry provided support
for 17 large-scale renewable energy projects, totalling a potential 4,500 megawatts of new
capacity and $6 billion of investment.
• The $440 million Solar Flagships projects progressed with the Nyngan Solar Plant achieving
its maximum designed generation capacity and over half of the photovoltaic modules at the
Broken Hill Solar Plant are generating electricity.
• Over the past year, three large-scale renewable energy projects, including Nyngan Solar Plant,
came online, representing over $900 million of investment, 380 megawatts of capacity and
enough output to power 140,000 homes each year.
• The NSW Government sponsored the Network Opportunity Mapping project led by the
Institute of Sustainable Futures, which will highlight opportunities for renewable energy to
meet network constraints.
Bernard Chabot is back today with a comparison of wind and nuclear in the "BICS" countries (BRICS without Russia). He points out that wind has boomed in China since the country got rid of auctions and switched to FITs.
ABC Power- From Saudi Arabia to the World- AN EPC Business Development PlanRupesh K. Sinha
Looking forward for any Saudi or Middle East Contracting Company/ Power Sector Development Individual/ Promoter/ Investor to join together and set-up ABC Power from Saudi Arabia to WORLD as per the Vision Presentation attached.
Interested company or individual are invited to explore avenue and move forward to join and build Power to Nation.
The government’s “Power for All” programme is an ambitious plan, which depends a lot on the development of capacity expansion in power supply chain, developing coal resources and logistics and increasing technological interventions.
CII-PwC report titled Round-the-Clock Power Supply: A Key Milestone says that the Indian Power Sector depend upon the availability of power that on other hand depend on two factors—adequate electricity generated and development of supporting infrastructure for the supply of electricity.
FACT PACK & TRENDS TRACK SERIES REPORT
Fossil Fuel, Thermal Power Generation, Upstream Oil and Gas Sector, Energy Trading Market,
Power Transmission, Renewable Power Generation, and Power Distribution in India
This report on “Solar PV Sector in India: Challenges & Way ahead”, prepared by Tata Strategic Management Group, has a holistic view on the current state of solar sector in India. The key focus of the report is on identifying key challenges faced by different stakeholders in the Indian market and how a collaborative effort in the right direction could ensure the growth of the sector to realize its true potential
Overview of solar power generation in indiaBinit Das
-Overall Indian solar capacity addition target vs. current progress
-Current competitive landscape in solar power generation in India
-Typical timeline / milestones for ground-mounted solar project implementation (incl. activity-wise phasing)
-Usual EPC supply chain for ground-mounted solar project
-Key EPC / implementation risks and other key challenges faced by solar developers in India
-Typical risk mitigation measures and key success factors
Sustainable energy in India and future trends: A presentation from the International Conference on Energy Security organized by Centre for Public Policy Research, Cochin
Vibrant Gujarat Summit Profile for Energy Spectrum SectorVibrant Gujarat
• Policies at the central government and state government level are the main growth drivers of solar energy sector
• Regulations like Renewable Purchase Obligations (RPOs) inclusion with favourable policies play a major role in growth of the solar sector
• Gujarat was the first state to release the solar policy in year 2009. In 2010 MNRE launched the Jawaharlal Nehru National solar Mission (JNNSM) with the objective to add 20 GW of solar power projects by the year. State wise split of solar power projects (MW) JNNSM Capacity addition target 2022.
Emerging renewable energy implementation in gccRajesh Sarma
“Emerging Renewable Energy Implementation in GCC”: Report Highlights:
Emergence of Renewable Energy in GCC
Renewable Energy Resource Potential Analysis
Renewable Energy Development by Country
Renewable Energy Capacity Target by Country
Renewable Energy Policy Framework
Renewable Energy Sector Trends
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
Honest Reviews of Tim Han LMA Course Program.pptxtimhan337
Personal development courses are widely available today, with each one promising life-changing outcomes. Tim Han’s Life Mastery Achievers (LMA) Course has drawn a lot of interest. In addition to offering my frank assessment of Success Insider’s LMA Course, this piece examines the course’s effects via a variety of Tim Han LMA course reviews and Success Insider comments.
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
2024.06.01 Introducing a competency framework for languag learning materials ...Sandy Millin
http://sandymillin.wordpress.com/iateflwebinar2024
Published classroom materials form the basis of syllabuses, drive teacher professional development, and have a potentially huge influence on learners, teachers and education systems. All teachers also create their own materials, whether a few sentences on a blackboard, a highly-structured fully-realised online course, or anything in between. Despite this, the knowledge and skills needed to create effective language learning materials are rarely part of teacher training, and are mostly learnt by trial and error.
Knowledge and skills frameworks, generally called competency frameworks, for ELT teachers, trainers and managers have existed for a few years now. However, until I created one for my MA dissertation, there wasn’t one drawing together what we need to know and do to be able to effectively produce language learning materials.
This webinar will introduce you to my framework, highlighting the key competencies I identified from my research. It will also show how anybody involved in language teaching (any language, not just English!), teacher training, managing schools or developing language learning materials can benefit from using the framework.
Synthetic Fiber Construction in lab .pptxPavel ( NSTU)
Synthetic fiber production is a fascinating and complex field that blends chemistry, engineering, and environmental science. By understanding these aspects, students can gain a comprehensive view of synthetic fiber production, its impact on society and the environment, and the potential for future innovations. Synthetic fibers play a crucial role in modern society, impacting various aspects of daily life, industry, and the environment. ynthetic fibers are integral to modern life, offering a range of benefits from cost-effectiveness and versatility to innovative applications and performance characteristics. While they pose environmental challenges, ongoing research and development aim to create more sustainable and eco-friendly alternatives. Understanding the importance of synthetic fibers helps in appreciating their role in the economy, industry, and daily life, while also emphasizing the need for sustainable practices and innovation.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
Francesca Gottschalk - How can education support child empowerment.pptxEduSkills OECD
Francesca Gottschalk from the OECD’s Centre for Educational Research and Innovation presents at the Ask an Expert Webinar: How can education support child empowerment?
Embracing GenAI - A Strategic ImperativePeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
Read| The latest issue of The Challenger is here! We are thrilled to announce that our school paper has qualified for the NATIONAL SCHOOLS PRESS CONFERENCE (NSPC) 2024. Thank you for your unwavering support and trust. Dive into the stories that made us stand out!
2. CEEW-CEF Market Handbook
India is undergoing an energy transition from fossil-based to clean energy. Evidence-based
decision-making can accelerate the process.
CEEW Centre For Energy Finance’s Market
Handbook aims to help key investors, executives and
policymakers with evidence-based decision-making by:
• Identifying and analysing trends critical to India’s energy
transition
• Presenting data-backed evidence based on the most
relevant indicators
• Connecting the dots and presenting a short-term market
outlook
The handbook attempts to comment and answer on
some critical questions such as:
1. What is India’s generation capacity and energy mix?
2. What are the key trends in renewable energy (RE) tariffs?
3. What is the current situation of the discom payment delay
situation?
4. How have the power market reforms progressed?
5. What are key trends in the electric vehicles (EV) and energy
storage markets?
cef.ceew.in
3. Contents
Generation Capacity And Energy Mix
Coal Phase-Out
RE Auctions
Discom Payables
Power Markets
Policy and Regulatory Developments
Renewable Energy Finance
Energy Storage
Electric Mobility
Annexures
About Us
cef.ceew.in
Image:iStock
4
6
7
8
9
10
11
14
15
17
19
4. Generation capacity: slowdown in RE capacity addition, but impressive capacity
sanctioned in Q1 FY21
Source: Central Electricity Authority. *Does not include solar roof-top capacity (2.8 GW as of June 2020)
Source: Ministry of New and Renewable Energy.
Takeaways & Outlook
No noticeable gas/diesel, nuclear and
hydro capacity additions since FY18.
Coal/lignite capacity grew at a compounded
annual growth rate (CAGR) of 9% in the last
decade. RE capacity grew at 19% (off a
relatively low base of 15.5 GW in FY10) for
the same period.
Here onwards, RE capacity will need to
grow at a CAGR of 16% to reach the 450 GW
target by 2030.
Quarterly RE capacity additions have slowed
down in the last four quarters. Pace of grid
scale solar & wind capacity additions are by
and large a function of auctions held in the
preceding 12-24 months.
Solar (grid-scale and rooftop) contributed
nearly 84% of the RE capacity addition in
Q1 FY21.
Despite Covid-19, 12 GW of solar and 400
MW of solar–wind hybrid capacity was
sanctioned/auctioned in Q1 FY21. This is
equivalent to an impressive 14% of India’s
aggregate installed RE capacity of 87.7 GW.1,371
999
2,189
2,968
1,229
1,692 1,426
1,878
717
247
322
845
488
463
841
348
391
160
0
30
375
28
28
676
0
55
28
NA
NA
NA
443
254
188
78
277
302
0
1,000
2,000
3,000
4,000
5,000
Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21
RE capacity addition (MW)
Solar (grid-scale) Wind Small hydro Bio-power Solar (roof-top)
[CELLRANGE]
84.2
[CELLRANGE]
93.9
[CELLRANGE]
112.0
[CELLRANGE]
130.2
[CELLRANGE]
145.3
[CELLRANGE]
164.6
[CELLRANGE]
185.2
[CELLRANGE]
192.2
[CELLRANGE]
191.2
[CELLRANGE]
200.7
[CELLRANGE]
200.7
[CELLRANGE]
203.2
[CELLRANGE]
205.3
[CELLRANGE]
205.3
[CELLRANGE]
205.4
[CELLRANGE]
36.9
[CELLRANGE]
37.6
[CELLRANGE]
39.0
[CELLRANGE]
39.5
[CELLRANGE]
40.5
[CELLRANGE]
41.3
[CELLRANGE]
42.8 [CELLRANGE]
44.5
[CELLRANGE]
45.3
[CELLRANGE]
45.4
[CELLRANGE]
45.4
[CELLRANGE]
45.4
[CELLRANGE]
45.4
[CELLRANGE]
45.7
[CELLRANGE]
45.7
[CELLRANGE]
15.5
[CELLRANGE]
18.5
[CELLRANGE]
24.5
[CELLRANGE]
27.5
[CELLRANGE]
29.5
[CELLRANGE]
31.7
[CELLRANGE]
38.8
[CELLRANGE]
57.3
[CELLRANGE]
69.0
[CELLRANGE]
77.6
[CELLRANGE]
79.4
[CELLRANGE]
82.6
[CELLRANGE]
84.4
[CELLRANGE]
86.8
[CELLRANGE]
87.7
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21
Installed capacity mix* (GW)
Coal/Lignite Gas/Diesel Nuclear Hydro Renewables*
4
cef.ceew.in
5. 0%
2%
4%
6%
8%
10%
12%
14%
16%
18%
0
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
4,500
1-Apr
3-Apr
5-Apr
7-Apr
9-Apr
11-Apr
13-Apr
15-Apr
17-Apr
19-Apr
21-Apr
23-Apr
25-Apr
27-Apr
29-Apr
1-May
3-May
5-May
7-May
9-May
11-May
13-May
15-May
17-May
19-May
21-May
23-May
25-May
27-May
29-May
31-May
2-Jun
4-Jun
6-Jun
8-Jun
10-Jun
12-Jun
14-Jun
16-Jun
18-Jun
20-Jun
22-Jun
24-Jun
26-Jun
28-Jun
30-Jun
REshare%
Energygeneration(millionkWh)
Source-wise daily generation (Q1 FY21)
Coal Hydro Solar Gas/Naptha/Diesel Nuclear
Wind Lignite Biomass/Other RES RE share %
Highest RE share
16.0% on 28th May
Lowest RE share
8.8% on 30th June
Energy mix : share of RE up from 9.9% in Q1 FY20 to 11.8% in Q1 FY21
Source: POSOCO. Note: RE technologies include solar, wind, biomass, waste to energy and small hydro and does not include rooftop solar and hydro generation.
Takeaways & Outlook
Total generation for Q1 FY21 was down by
15.9% from Q1 FY20 due to the Covid-19
nationwide lockdown.
• April: Down by 23.8%
• May: Down by 14.6%
• June: Down by 9.8%
• Total Q1 FY21: Down by 15.9%
Fall in total generation mainly attributable
to coal/lignite (down 24.2% vs Q1 FY20).
From a share of total generation perspective,
RE and hydro are on the rise, whereas
coal/lignite is on a decline.
• RE: Share up from 9.9% to 11.8%
• Hydro: Share up from 10.0% to 12.1%
• Coal/lignite: Share down from 73.1% to
65.9%
With a high wind season extending till July–
August, relatively less variable (vs wind) solar
insolation across the year, and upcoming RE
capacity addition, RE’s share of total
generation expected to remain high in 2Q
FY21.
RE share snapshot
5
cef.ceew.in
Q1 FY19 Q1 FY20 Q1 FY21
RE share % Day RE share % Day RE share % Day
Highest 16.2% 12 June 2018 15.3% 17 June 2019 16.0% 28 May 2020
Lowest 6.2% 3 April 2018 7.4% 2 April 2019 8.8% 30 June 2020
Average 9.0% NA 9.9% NA 11.8% NA
6. -12,012
10,955
2,479
5,992
-1,538
1,488 3,498 2,74061%
63% 63% 62%
61%
60% 59% 58%
55%
60%
65%
-20000
-10000
0
10000
20000
Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20
Coal financing by Power Finance Corporation (PFC)/
Rural Electrification Corporation (REC) (INR cr)
Change in gross loan assets for conventional generation (excludes large hydro and renewables)
% share of conventional generation in total gross assets
110 30
2,130
3,652
45
3,300
2,100
1,320
270214
860
705
100 0
895
0
1,230
0
Q1 FY19 Q2 FY19 Q3 FY19 Q4 FY19 Q1 FY20 Q2 FY20 Q3 FY20 Q4 FY20 Q1 FY21
Coal capacity added versus retired (MW)
Capacity added Capacity retired
Coal phase-out: coal capacity addition on a sharp decline
Source: Central Electricity Authority
Takeaways & Outlook
Although still net positive (additions less
retirement), the pace of new coal capacity
addition has declined sharply.
With INR 1,06,908 crore of power sector loans
turning non-performing (per RBI as of
September 2019), incremental bank lending
to the sector faces challenges. Many banks
may also be approaching statutory limits on
power sector exposure.
While data for RE loan book component of
aggregate power sector exposures is not
readily available, anecdotal evidence
suggests that RE loans as a category have
performed much better than power sector
as a whole.
PFC/REC continues to back coal projects in
India, although their share in its loan book has
started to decline (from 63% in Q2 FY19 to
58% in Q4 FY20). To compensate, exposure to
RE and hydro projects has increased, which
now account for 6% and 5% of its loan book,
respectively.
With declining RE plus storage tariffs (already
reached 4.04 INR/kWh), operational coal fleets
are expected to come under increasing
pressure.
Source: PFC investor presentations; figures are derived from the same. Note: Sector-wise break up of PFC loan asset data unavailable for Q1 FY20.
6
cef.ceew.in
7. RE auctions: new tariff records being set despite Covid-19 disruption
Takeaways & Outlook
All time low RE tariff (2.36 INR/kWh) was
discovered in SECI Tranche-IX, with a 2,000
MW bid, owing to low entry barriers and high
competition between participants, backed by
foreign investors.
India’s first hybrid RE bids concluded with
tariffs of 6.12 INR/kWh (LCOE of 4.04
INR/kWh) for assured peak power supply for
six hours and 2.90 INR/kWh (LCOE of 3.60
INR/kWh) for round-the-clock energy supply,
with a minimum 80% CUF requirement.
Government actions include the removal of
tariff caps on solar and wind auctions to
improve investor sentiment.
The implementation of the safeguard duty
(SGD) may not impact solar tariffs, as the
duty lapses in July 2021. Module
procurement for new projects can be timed
to take place once the duty lapses.
With increasing RE share and discoms facing
integration challenges, we expect more
hybrid auctions going forward, with firm,
flexible, and dispatchable RE procurement.
Source: SECI and state renewable agencies.
SECI = Solar Energy Corporation of India; RTC = Round the clock
Key auction results
(last 6 months)
Capacity
allotted (MW)
Least tariff discovered (INR/kWh)
Pan-India (SECI) solar,
Tranche-IX, 2,000 MW (June
2020)
2,000 2.36
Pan-India (SECI) solar-wind-
storage, RTC-I, 400 MW (May
2020)
400 2.90
Pan-India (NHPC) solar, 2,000
MW (April 2020) 2,000 2.55
Gujarat (GUVNL) solar, 500
MW- VII (March 2020)
350 2.61
Maharashtra (MSEDL) solar,
500 MW (March 2020)
350 2.90
Pan-India (SECI) solar,
Tranche-VIII, 1200 MW
(February 2020)
1,200 2.50
Maharashtra (MSEDL) solar,
Agro-feeder scheme, 1350 MW
(February 2020)
283 3.28
Assam (APGCL) solar, 70 MW
(February 2020)
70 3.99
UP (UPNEDA) solar, 500 MW
(February 2020)
184 3.17
Pan-India (SECI) solar-wind-
storage, Peak power supply,
1,200 MW (January 2020)
1,200 6.12
Pan-India (SECI) solar,
Manufacturing, 7,000 MW
(January 2020)
12,000 2.92
Bid spotlight: SECI round-the-
clock (RTC-I), 400 MW
Tariff and winner
• Tariff: INR 2.90/kWh (first year) with an annual
escalation of 3%. Levelised cost of energy
(LCOE) of INR 3.60/kWh
• Winner: ReNew Power
Key provisions
• Round-the-clock energy supply with a
combination of solar, wind, and storage
technologies. Provision to locate solar and wind
plants at different locations
• Minimum monthly and yearly capacity
utilization factor (CUF) requirements of 70%
and 80%, respectively
• Excess energy generation may be sold in open
markets with the facility of additional
connectivity
Analysis
• Bid allows significant oversizing of the project
and does not require firm power.
• As per a CEEW-CEF analysis, the project would
require 1,200 MW wind and 300 MW solar and
around 1.0–1.5 GWh of energy storage.
• In addition, such capacity oversizing is expected
to lead to monthly CUFs of 150–180% during
the high wind season (May–July) and 70–72%
CUF in September–October.
7
cef.ceew.in
8. Discom payables: overdues to power producers aggravated by Covid-19
Takeaways & Outlook
As of June 2020, the amount overdue from
discoms was INR 1,30,895 crore,
representing an increase of 71% compared
to June 2019.
There has been a 30% spike in overdues in
just the three-month period since March
2020.
Discoms continue to struggle with
ensuring timely collections. The Ministry of
Power (MoP) allowed a three-month
moratorium for payments to conventional
power producers (March 2020) but no
relaxation for payments to RE developers.
Highest payment delays in Rajasthan, Uttar
Pradesh, Uttarakhand, Andhra Pradesh,
Telangana, Karnataka, Bihar, and Tamil
Nadu.
With MoP’s moratorium on payments due to
conventional power producers, the overdue
amount may increase at a higher rate in
the coming months.
The Electricity (Amendment) Bill 2020
mandating that discoms maintain adequate
payment security may facilitate timely
payment to power producers, if passed in
parliament.
76,701
82,227
86,129
89,756
101,443
101,441
103,843
106,232
108,290
105,600
113,130
124,916
130,895
June 2019
August 2019
October 2019
December 2019
February 2020
April 2020
June 2020
Amount overdue by discoms to
power producers (INR cr)
↑ 71%
↑ 30%
TN
AP
TS*
RJ
MP
MH
KA
UP
HR*
PJ
AS
BH
GJ*
CG
UK
KL*
0
50
100
150
200
250
0 50 100 150 200 250 300
Powerpurchasepayabledays
Power sale receivable days
Discom payable and receivable days for RE rich states
90 days
90days
Source: PRAAPTI portal (Based on voluntary disclosure
from power producers).
Source: UDAY portal (Based on data disclosed by discoms as of 31st Mar 2020.
*Data not available for these states; values derived from 2018-19 financial reports).
INR 90,000 crore liquidity package was announced in May 2020 to provide a
temporary relief to electricity discoms in paying to power producers. Since then,
the overdue amount has increased to INR 1,30,895 crore as of June 2020.
8
cef.ceew.in
May 2020
March 2020
January 2020
November 2019
September 2019
July 2019
9. Power markets: real-time market introduced, reduction in spot and REC market prices
Takeaways & Outlook
Peak power and energy demand are
expected to recover to FY20 levels in the
following quarter as the Covid-19 lockdown
is lifted.
It is evident that the REC market is maturing,
with a proposed market-based price
discovery system (removal of floor price by
CERC). As such, REC prices are expected to
reduce in the coming months.
Short-term electricity prices (in both the day-
ahead and real-time spot markets) have
been at record lows, at 2.35 INR/kWh and
2.22 INR/kWh, respectively. This is expected
to result in an increase in the share of
short-term electricity procurement in the
overall electricity procured by discoms.
With the introduction of real-time markets,
’gate closure’ to segregate the day-ahead and
real-time markets, and system balancing
(ancillary services), overall power purchase
cost may see a reduce. Future rollouts of
market-based economic dispatch and
ancillary services market are envisaged to
further accelerate this reduction.
Source: POSOCO Source: Indian Energy Exchange (IEX).
Peak demand declined considerably by 25% in April 2020 (as compared
to April 2019) due to the Covid-19 nationwide lockdown. Despite a recovery
in peak power demand in May 2020, the energy demand was still lower by
14% as compared to May 2019.
133.3
177.4 181.0
132.8
176.8
180.5
177.4
183.5 183.7176.8 182.5
182.5
April May June
Power supply position (Peak demand, GW)
Peak demand Peak demand met
2020 2019
2,400
2,000
1,000
1,000 1,000 1,000
2,000 2,000 2,000
1,300
1,500 1,600
April May June
REC market prices (IEX, INR/MWh)
Solar REC price Non Solar REC price
2019
REC prices have been declining from Q1 FY20 to Q1 FY20 owing
to lower demand following the Covid-19 lockdown. The buy to
sell bid ratio declined from 3.4 in 2019 to 1.1 in Q1 FY20.
3,692
5,574
4,174
4,005
3,772 4,207
2.47 2.57
2.35
3.33 3.51 3.53
0.00
2.00
4.00
0
5,000
10,000
April May June
Day ahead spot market snapshot (IEX)
Volume (2020), Million units Volume (2019), Million units
Price (2020), INR/kWh Price (2019), INR/kWh
Source: IEX. Source: IEX.
Average day-ahead spot market prices declined by 29% in Q1 FY21
(compared to Q1 FY20), with an overall volume increase of 12%,
owing to lower electricity demand due to the Covid-19 lockdown.
The real-time market with trading in 15-minute time blocks commenced
from 1 June 2020. The average price discovered was 2.22 INR/kWh.
2020
9
cef.ceew.in
Real time spot market snapshot (IEX)
Volume
(million kWh)
Price
(INR/kWh)
Max (Daily) 36.1 3.03
Min (Daily) 3.4 1.56
Total/Average
(Monthly)*
515.5 2.22
*Monthly figures since real time market commenced in the
last month of Q1 2020 (June)
10. Policy and regulatory developments: amendments to the Electricity Act proposed,
floor price of RECs removed
Takeaways & Outlook
Proposed amendments to the Electricity Act
of 2003 broadly aim to improve contract
enforcement, mitigate offtake and
payment risk for RE developers, promoting
renewable energy with a dedicated policy
and obligations for discoms to procure hydro
power.
Reforming electricity distribution proposed
through phasing out cross-subsidies and
alternative PPP business models.
Removal of floor price from the REC market
to lower the price of RECs, thereby
encouraging discoms and corporate
consumers to meet their RE obligations
through the REC market.
Increasingly, Indian corporate electricity
consumers have been committing to
100% RE consumption (e.g., Mahindra &
Mahindra, Tata Motors, and Infosys). A liquid
REC market is expected to accelerate this
transition.
SGD will have a limited impact on
manufacturing and RE tariffs. Current
projects will not be impacted by the change
in the law clause.
• With effect from 1 June 2020, the
real-time electricity market went
live.
• IEX and PXIL work in
coordination with NLDC on trade
and transmission corridor
availability.
• Half-hour trading windows with
gate closure defined at 90
minutes before the actual
delivery.
• CERC proposes a floor price
(minimum) of INR 0/MWh; this
was INR 1,000/MWh in 2017.
• Forbearance price (maximum) of
INR 1,000/MWh; this was INR
2,400/MWh in 2017.
• The Supreme Court dismissed
the Green Energy Association’s
(GEA) appeal seeking a stay order
on CERC’s mandate to remove
the floor price.
• Creation of FDI cell in the
MNRE for processing FDI
proposals from countries that
share land borders in India.
• Creation of a project
development cell in the MNRE
to create projects with all
approvals, land availability,
and detailed project reports
for adoption/investment by
investors
• An SGD of 14.9% has been
imposed for the period of
August 2020 to January 2021;
14.5% SGD for February to July
2021.
• The government plans to
implement a basic customs
duty (BCD) on solar cells and
modules soon and will share
details over the next few
months.
Source: Publicly available information.
• Establishment of a central body,
Electricity Contract Enforcement
Authority, to resolve PPA related
disputes within 120 days.
• Selection of ERC members to be
centralised; one member must
mandatorily be a legal professional.
• Central government to specify the
modalities of a payment security
mechanism and the bundling of hydro
with thermal energy.
• LDCs empowered to regulate
electricity dispatch to states in case of
inadequate payments from discoms.
• National RE policy notified with
penalties for states for non-
compliance with RPO; HPO (hydro)
also introduced.
• Electricity tariffs to be determined by
states without subsidy; DBT for
electricity subsidy.
• Reduction of cross-subsidies and
associated surcharges to follow the
trajectory specified in the tariff policy.
Draft Electricity (Amendment)
Act of 2003
Real-time market goes live
Creation of FDI and project
development cells in MNRE
Removal of floor price for RECs
Imposition of safeguard duty on
import of solar panels
10
cef.ceew.in
11. Renewable energy finance: Adani Green Energy, Azure Power, and ReNew Power lead
the RE capacity sanctioned in Q1 FY21
Takeaways & Outlook
Impressive 12.4 GW of RE capacity
sanctioned/auctioned in Q1 FY21, but highly
concentrated in the hands of a few
developers.
Adani Green Energy exercised its green-
shoe option to develop an additional 6
GW of solar capacity under the
manufacturing linked tender (1.5 GW
additional solar manufacturing). This (6 GW)
is reportedly the single largest solar capacity
award to date globally.
Active participation from companies
backed by foreign investors in the SECI 2
GW auction drove solar tariffs to their all
time low of 2.36 INR/kWh.
Market concentration is expected to
remain high going forward. Dominant
players will have an edge in raising and
pricing capital at the scale required to match
India’s ambitious RE capacity additions.
Safeguard duty is expected to be levied only
till July 2021. Depending on commissioning
deadlines, developers may have the flexibility
to procure modules and avoid its impact.
Source: Publicly available information.
Pre-series A round funding (April 2020)
Company: Mysun (Rooftop)
Investor(s): Existing investors
Amount: INR 32.0 cr (USD 4.2 million)
Equity investment
Target: SILRES (Subsidiary of SunEdison Infra) | Acquirer: Fenice
Investment Group
Amount: INR 18.8 cr (USD 2.5 million)
Asset sale (5 projects)
Target: Shapoorji Pallonji Infra Capital | Acquirer: KKR
Amount: INR 1554 cr (USD 204 million)
Equity investment: 37.5% (April 2020)
Target: Rising Sun Energy
Acquirer: Yinson Renewables (Malaysia)
Amount: INR 55.4 cr (USD 7.4 million)
Key deals (Q1 FY21)
Acquisition
Target: Climate Connect (AI & analytics in power market)
Acquirer: ReNew Power
Amount: Not available
Acquisition
Target: Emami Group’s power business | Acquirer: Brookefield
Asset Management, Canada
Amount: Not available
June ‘20
May ‘20
April ’20
April ’20
April ’20
81%Market concentration in
sanctioned RE capacity
Q1 FY21
Note: Market concentration has been calculated
as the ratio of top five RE capacities sanctioned, to
the total RE capacity sanctioned
.
100
300
300
300
300
320
380
400
600
600
800
2,000
6,000
AMP Energy…
IB Vogt
CDC Group
Solarpack
Enel Green Power
Avaada Energy
EQT, Temasek
Axis Energy…
EDEN…
SoftBank Group…
ReNew Power
Azure Power
Adani Green… 2,030
Operational RE capacity
in India (MW)
1,808
5,440
2,000
207
306
0
680
172
160
NA
0
450
Developer-wise RE capacity sanctioned
during Q1 FY21 (12,400 MW)
Source: CEEW Centre for Energy Finance
11
cef.ceew.in
June ‘20
12. Renewable energy finance: key RE stocks pickup even as market experiences a steep decline
due to Covid-19
Source: Money Control.
1 https://oilprice.com/Energy/Energy-General/10-Energy-Stocks-Defying-The-COVID-19-Slump.html
127.7
229.4
112.1
273.0
100.0
67.9
85.7
0.0
50.0
100.0
150.0
200.0
250.0
300.0
Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20
Valueofstocks(indexedto100)
Change in key renewable energy stock prices (indexed to 100)
Azure Power Global Ltd (NYSE) Adani Green Energy (BSE) Inox Wind (BSE)
Suzlon Energy (BSE) Sterling & Wilson Solar (BSE) Borosil Renewables (BSE)
Sensex
Covid-19
nationwide
lockdown
announcement
Takeaways & Outlook
Share prices of “pure play” RE developers such
as Adani Green and Azure Power attracted
increased investor interest in the
immediate aftermath of the Covid-19
disruption which otherwise saw global stock
markets fall sharply in March 2020.
Rising RE developer share prices in the wake
of Covid-19 seems to be global trend, not
only limited to Indian developers1.
Share prices of even smaller RE “developer-
manufacturer” companies such as Suzlon
Energy and Inox Wind have outperformed
the Sensex which was down 14.3% as of June
2020 (vs Dec 2019). The former (Suzlon) has
also benefitted from a debt restructuring.
Other listed RE companies such as Sterling
Wilson Solar (EPC) and Borosil Renewables
(glass manufacturing) have been affected by
specific issues. A delayed promoter loan
repayment overhang in the case of the former,
and supply chain disruptions in the case of the
latter.
12
cef.ceew.in
13. Renewable energy finance: bond yields temporarily rose sharply, but on their way back down now
Source: Reserve Bank of India, State Bank of India, Trading Economics, Money Control and BondEvalue.
Takeaways & Outlook
Adani Green Energy and ReNew Power have been
among the most active among RE developers
in India (see Annexure I). The key purpose of such
capital raises has been to refinance existing
debt with some portion left over for capacity
expansion.
Covid-19 prompted the RBI to lower its repo
rate to an all time low of 4.00% (lower than the
4.75% set during the 2008–09 financial crisis).
Yields for internationally listed bonds of Indian RE
developers saw a brief period of dramatic rise in
March 2020. However, this shock in terms of
rising yields (falling bond prices) appears to
have been a temporary aberration, with yields
now moving towards their pre Covid-19 levels.
Interestingly, at a time of falling bond prices, the
stock prices of RE developers moved up sharply
(previous slide).
Due to low liquidity in the Indian bond market
and credit rating constraints (most RE project
loans are typically rated below AA, the minimum
requirement for issuance), we may continue to
see international bond issuances from Indian
RE developers.
3.0%
3.5%
4.0%
4.5%
5.0%
5.5%
6.0%
6.5%
7.0%
7.5%
8.0%
8.5%
9.0%
9.5%
10.0%
10.5%
11.0%
11.5%
12.0%
12.5%
13.0%
13.5%
14.0%
Jun-19 Jul-19 Aug-19 Sep-19 Oct-19 Nov-19 Dec-19 Jan-20 Feb-20 Mar-20 Apr-20 May-20 Jun-20
Bond yields and key financial rates
Repo rate SBI MCLR (1-year) Treasury bond yield (INR, 10-year)
NTPC bond yield (INR, 8.66%, 10-year) ReNew Power bond yield (USD, 6.67%, 5-year) Adani Green bond yield (USD, 6.25%, 5-year)
Covid-19 nation-wide lockdown
announcement
13
cef.ceew.in
14. Energy storage: lowest ever tariffs discovered for RE with storage
143Current average battery
prices (lithium-ion)
USD/kWh Project
location &
issue date
Application &
technology
Details
Leh & Kargil (SECI),
January 2020
Generation
14 MW solar with 42
MWh BESS
Expected bid
conclusion in Q2
FY21
Andaman & Nicobar
Islands (SECI),
January 2020
Generation
4 MW floating solar
with 2 MW BESS
Expected bid
conclusion in Q2
FY21
Delhi and Dadra &
Nagar Haveli (SECI),
October 2019
Generation
400 MW with solar,
wind and storage
hybrid
Bid concluded in
May 2020 with
tariff of 3.60
INR/kWh
Lakshadweep (SECI),
September 2019
Generation
1.95 MW solar with
2.15 MWh BESS
Expected bid
conclusion in Q2
FY21
Haryana
(UHBVN/DHBVN),
September 2019
Generation
100 MW solar, solar-
wind or small hydro
with storage
Expected bid
conclusion in Q2
FY21
Pan India (SECI),
August 2019
Generation
1,200 MW assured
peak power supply
with storage
Bid concluded in
Jan 2020 with
tariff of 4.04 -
4.30 INR/kWh
Andhra Pradesh (AP
Transco), February
2019
Transmission
400 MW with 8 hours
of daily discharge
Bid cancelled
Takeaways & Outlook
The key driver for energy storage growth has been
the co-location of storage with RE generation
projects; e.g., 1.2 GW tender in India (2019) with
assured peak power supply for 6 hours (50%
capacity). The PPA price discovered was 4.04–4.30
INR/kWh (54–58 USD/MWh).
Recent hybrid (RE + battery) project tariffs
discovered in the US reached a record low of 1.64–
2.14 INR/kWh (21.8–28.5 USD/MWh) for 4-
hour backup (45–75% capacity).
Battery storage prices and levelised tariffs have
been rapidly declining due to the supersizing of
battery capacities, anywhere from 400 to 1,200
MWh, thereby driving costs down.
India is expected to have more hybrid (RE +
storage) auctions of higher capacities in the future
as the chief tendering agency (SECI) plans to come
up with such tenders on demands from discoms
to meet their renewable obligations and
tackle grid-level integration challenges
simultaneously.[CELLRANGE];
139.00
[CELLRANGE];
108.50
[CELLRANGE];
45.00
[CELLRANGE];
40.00
[CELLRANGE];
31.80
[CELLRANGE];
23.10
[CELLRANGE];
21.80
[CELLRANGE]
; 54.00
[CELLRANGE];
28.50
[CELLRANGE];
21.90
Grid-scale renewables with battery PPA price
trends in India (INR/kWh) versus US (USD/MWh)
India seems to
be nearly 5
years behind
in terms of
PPA prices
Source: Gormon, Mills, Bolinger, Wiser, Singhal, Ela, and O’Shaughnnessy
(2020); LBNL; and BNEF (2020). Exchange rate = 75.0 INR/USD
Source: SECI and state renewable agencies.
14
Southern Bighorn Solar &
Storage Center, Nevada US 2023
Eland Solar Farm,
California US 2023
SECI Assured Peak Power
Supply, India 2022
Arrow Canyon Solar,
Nevada US 2021
Dodge Flat Solar,
Nevada US 2020
RE Mustang, California US 2020
Eland Project, California US 2019
TEP, Arizona US 2017
KIUC, Hawaii US 2017
KIUC, Hawaii US 2015
cef.ceew.in
15. Electric mobility: EV and hybrid vehicle sales down sharply, mirroring wider market trend
Takeaways & Outlook
Overall, battery-operated vehicle (BOV) and
hybrid vehicle sales declined dramatically by
72.4%, from 60,924 units in Q1 FY20 to
16,978 units in Q1 FY21.
BOV and hybrid vehicles sales grew with a
CAGR of 90.4% between FY16 and FY20.
Two- and three-wheeler sales (e-
rickshaws) are key drivers of EV sales
growth in India, contributing more than 97%
to annual sales (2019–20).
With the gradual easing up of the lockdown,
monthly EV sales initially recovered in
June 2020; this may be attributed to pent-up
demand.
Though the festive season from September
to November may push EV sales further up,
annual automobile sales (for FY21) are
forecasted to be nearly 45% lower than in
FY20, as per SIAM estimates.
Range anxiety and high prices remain key
challenges.
Source: Vahan Sewa dashboard (Includes only registered vehicles. Unregistered vehicles include low-speed (< 25 km/hr), e-rickshaws (three-wheelers) and
electric two-wheelers), Electric Mobility Dashboard, CEEW Centre for Energy Finance
18,062
56,648
96,788
146,574
166,289
901
1,277
6,183
1,981
19,730
52,840
90,034
96,993
515
1,662
6,260
0.00%
0.20%
0.40%
0.60%
0.80%
1.00%
1.20%
1.40%
1.60%
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
180,000
FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16 FY17 FY18 FY19 FY20 Apr-20 May-20 Jun-20
Electric vehicle sales in India
Battery operated vehicles (BOV) Hybrid vehicles BOV and hybrid vehicles as % of overall vehicle sales
15
cef.ceew.in
16. Thank you
You can find us at cef.ceew.in | @CEEW_CEF
Authors
Nikhil Sharma (nikhil.Sharma@ceew.in)
Arjun Dutt (arjun.dutt@ceew.in
Saloni Jain (saloni.jain@ceew.in)
Gagan Sidhu (gagan.sidhu@ceew.in)
cef.ceew.in
17. Annexure I: Green bond issuances (last 2 years)
Source: Climate Bonds Initiative and company press releases
Date Company
Size (USD
million)
Sector
Coupon rate
(%)
Rating
Tenor
(Years)
Purpose
January
2020
ReNew Power 450 Solar and wind 5.875%
BB-/Stable
(Fitch)
5 Refinancing of maturing debt
October
2019
Adani Green
Energy
362.5 Solar and wind 4.625% BBB- (Fitch) 20
Repaying foreign currency loans and
rupee borrowings
October
2019
Urja Global 500
Solar, wind, and
electric vehicles
Not available Not available Not available Not available
September
2019
Azure power 350 Solar 5.65% Not available 5 Refinancing of existing debt
September
2019
ReNew Power 300 Solar and wind 6.45%
Ba2
(Moody's)
5
Capacity expansion and repaying high
cost debt
October
2019
Greenko 950 Solar and wind 5.50%
Ba1
(Moody’s)
5 Refinancing of solar and wind projects
June 2019
Adani Green
Energy
500 Solar 6.25% BB+ (Fitch) 5 Refinancing of solar projects
March
2019
ReNew Power 375 Solar and wind 6.67% BB (Fitch) 5
Capex and refinancing of outstanding
ECB
January
2019
Tata
Cleantech
25.6 Solar and wind Not available Not available Not available Capacity expansion
September
2018
State Bank of
India
650 Solar and wind
US Treasury + 1.65%
(US investors)
3 Libor + 1.51%
(British investors)
BBB- (Fitch) 5 Investment in RE projects
17
cef.ceew.in
18. Annexure II: Key electric mobility facts and figures
1.49%FAME-II target met
as of 21st July 2020
Note: Target of selling 1,562,000 EVs (2W, 3W,
4W and buses) under FAME-II scheme by FY22
Recent electric vehicle launches
Price: INR 73,990
Range: 75 km
Battery capacity: 60 V, 30 Ah
Ampere Electric Magnus Pro
Price: INR 44,000
Range: 60 - 75 km
Battery capacity: 48 V, 17.5 Ah
Gemopal Electric Miso
Price: INR 1,00,000 - 1,15,000
Range: 95 km
Battery capacity: 3 kWh
Bajaj Chetek Urbanite
Price: INR 20,88,000 - 23,58,000
Range: 340 km
Battery capacity: 75 kWh
MG Motors ZS EV
1,827Public charging stations
As of December 2019
Electric cars (4W) per public
charging stations
6.
1
India
6.
5
China
6.
5
Germany
9.
7
Japan
18.US
9.5–
25.0INR/kWh
EV charging service fee
14.0INR/km
Average EV cab tariffs
Note: Average internal combustion engine
(conventional) cab tariffs are around 16.4
INR/km
8.3–10.0Lakh
INR
Price range for an electric car (sedan)
Source: Electric Mobility Dashboard, CEEW Centre for Energy Finance
18
cef.ceew.in
19. About us: CEEW is among Asia’s leading policy research institutions
19
cef.ceew.in
20. CEEW Centre for Energy Finance
20
Build evidence
Consistent, reliable,
and up to date
monitoring &
analysis of clean
energy markets –
investment, payment
schedules, market
trends, etc.
Create coherence
Periodic convening of
multi-stakeholder
groups to deliberate
on market activities in
clean energy
Design solutions
Design and feasibility
pilots of fit-for-
purpose business
models & financial
solutions for clean
energy solutions
cef.ceew.in
21. Our recent publications, dashboards and tools
Jobs, Growth and
Sustainability
Accelerating RE
Investments in Sri Lanka
Cheaper Finance is Key
to Lowering RE Tariffs
in Indonesia
CEEW-CEF Dashboard Open Access Tool Electric Mobility Dashboard
RE-Financing India’s
Energy Transition
21
cef.ceew.in