Renewable energy policy myth busters
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Renewable energy POLICY: myth busters. Friday 30 TH May, 2014 RUDICON CONFERENCE IMC, MUMBAI. CONTENTS. CONTENTS. SOLAR POLICIES AND CAPACITY ADDED. RPSSGP- Rooftop PV & Small Solar Power Generation Programme SEIAC- Solar Energy Industry advisory Council.

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Renewable energy policy myth busters

Renewable energy POLICY:myth busters

Friday 30TH May, 2014

RUDICON CONFERENCE

IMC, MUMBAI


Contents

CONTENTS


Contents1

CONTENTS


Solar policies and capacity added

SOLAR POLICIES AND CAPACITY ADDED

RPSSGP- Rooftop PV & Small Solar Power Generation Programme

SEIAC- Solar Energy Industry advisory Council

Source: Forum of Regulators, MNRE, MP EnsystemsResearch


Solar energy policies and priorities

SOLAR ENERGY: POLICIES AND PRIORITIES

Myth #1: Current policies in India are sufficient to promote solar energy

  • Support measures to power producers include subsidies, RPO, Viability Gap Funding

  • Solar power not yet achieved grid parity, commercial finance not available, USD 13 bn in investment needed over 3 years to meet JNNSM target

    Myth #2: Among renewables, the Government’s main focus is solar energy

  • Generation Based Incentives, RPO/ REC, Partial Risk Guarantee Fund available to all renewables

  • Draft National Offshore Wind Policy in 2013 and National Wind Mission in 2014


Solar energy pricing and finance

SOLAR ENERGY: PRICING AND FINANCE

Myth #3: Large-scale implementation of Solar PV power plants has lead to a rise in electricity prices

Source: CERC, MP Ensystems research


Solar energy pricing and finance1

SOLAR ENERGY: PRICING AND FINANCE

Myth #4: Investments in solar energy sector are only through Government subsidies

  • Approximately 70% of investment in solar power is from the private sector

  • Trend is towards more private players installing RE behind the meter.

    Myth #5: Funds provided in the initial years for JNNSM projects have dried up as Phase II begins

  • Investment in Phase I of JNNSM through self-financing and loans from international financial institutions at concessional rates

  • In Phase II, Viability Gap Funding available up to 30% of project cost

  • Potential for funding by private equity


Solar policy technology and infrastructure

SOLAR POLICY: TECHNOLOGY AND INFRASTRUCTURE

Myth #6: The solar sector in India only needs an R&D push

  • Barriers to acquiring land, finance, infrastructure, RPOs not implemented in some states, trade barriers to importing components

  • Policy push required

    Myth #7: There is no focus on off grid Decentralized Distributed Generation (DDG)

  • There are a number of central and state programs for small-scale applications and mini grids

    Myth #8: The national grid is inadequate at distributing solar power

  • States improving transmission network

  • Green corridors to be set up to evacuate RE


Wind policies and capacity

WIND POLICIES AND CAPACITY

Source: Global Wind Energy Council, Indian Wind Energy Association, MNRE, MP EnsystemsResearch


Wind energy policies and priorities

WIND ENERGY: POLICIES AND PRIORITIES

Myth #1: Promoting wind energy does not require strong policy incentives

  • Drop in capacity addition after incentives withdrawn

  • SERCs need to strengthen utility compliance with RPO targets

  • Long-term stability in policy regime required

    Myth #2: Despite its initial strong start in India, wind energy is lagging behind other renewables

Source: IRENA-GWEC 2012


Wind energy pricing and finance

WIND ENERGY: PRICING AND FINANCE

Myth #3: Wind energy is over-subsidized

  • Capacity utilisation factor for wind generation in India is below 25%, as compared to 70% at coal-fired power plants

  • Investment to upgrade older wind turbines is needed to achieve greater efficiency.

Source: Frankfurt School- UNEP, 2013


Wind energy pricing and finance1

WIND ENERGY: PRICING AND FINANCE

Myth #4: RECs and RPOs do not promote wind energy

Source: Renewable Energy Certificate Registry of India, 2014


Non solar rpos compliance levels

NON SOLAR RPOS COMPLIANCE LEVELS

** The figures in the column represent averages across utilities in the state

Source- MERC, 2014


Contacts

CONTACTS

Ira Prem

Email: [email protected]

Priya Bhargava

Email: [email protected]

Landline no. : +91.22.2592.5215 / 16 / 17

Web: www.mpensystems.com


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