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Coveted Industry Insight

Coveted Industry Insight. Opportunities + Challenges + Limitations. PV industry. " I'd put my money on the sun and solar energy. What a source of power! I hope we don't have to wait until oil and coal run out before we tackle that.” - Thomas Edison 1931. Price of Solar (PV) Power.

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Coveted Industry Insight

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  1. Coveted Industry Insight Opportunities + Challenges + Limitations PV industry

  2. "I'd put my money on the sun and solar energy. What a source of power! I hope we don't have to wait until oil and coal run out before we tackle that.” -Thomas Edison 1931

  3. Price of Solar (PV) Power Rs. / kWh Source | EPIA

  4. Parity with Coal based power Parity with Coal 2026 Source | EPIA + CRISIL

  5. Parity with Gas based power Parity with Gas 2019 Source | EPIA + CRISIL

  6. Grid Parity Rs. / kWh Source | EPIA + CRISIL

  7. Global Cumulative Capacity GW Source | EPIA + Greenpeace

  8. Cumulative capacity Global v/s India Rs. / kWh GW Source | EPIA + Greenpeace

  9. Indian Cumulative capacity Rs. / kWh GW Source | EPIA + Greenpeace

  10. Opportunities Indian Market 8 420 20,000 Mn Mn tonnes Modules (250 Wp) Cells Polysilicon Feedstock 1 EPIA Generation VI 2 Assuming $ 2.5/ Wp source 20 GW of PV by 20201 Investment of ~ $50 bn2 This to actualize would need… .…per year till 2020

  11. Market Segment FiTs + Funding by Various Financial Institutions +Trading RECs Subsidies and Schemes Micro - finance

  12. Decentralized Distribution Generation / Off-grid Uses of PV (Rural India) Electrifying homes, Villages, CSCs Power Small Industries Telecommunication (PV/Diesel Hybrid) Water supply and irrigation • Annual report Dept. of Telecom • Towards India Evergreen. India Infrastructure Report 3i • CEA. “All India Electricity Statistics: General Review 2009.” New Delhi source • 252,685 Cell towers currently run on Diesel1 • 50% powered by PV (≈ 2.5GW) • 76 mn Un-Electrified households2 • 2-3% connected by Off- grid PV (≈ 2GW) • Captive Industrial use of Diesel (8,648 MW)3 • Replacing 15% by 2020 (≈ 1.3 GW) • Rural applications • 20 million lighting systems (≈ 1GW)

  13. Transmission & Distribution (T&D) T&D dependent applications T&D independent applications • Off- Grid • Rural electrification • Replacing DG sets • Power small industries • Irrigation • Grid • Utility scale • Industrial • Roof-top • Tail end Types 65% (13 GW) 35% (7 GW) Capacities Large Projects Few • Can be connected to grid at • any point in time once it • Strengthens • Resilience by clustering the projects in land pockets • - Need to manage grid at multiple locations Setup

  14. Reforms in the Rural Sector Reforms Target Achieved Electrify 125,000 villages 23.4 million BPL households to be connected Rajiv Gandhi Grameen Vidyutikaran Yojana (RGGVY) 84,618 villages electrified 12+ million BPL households connected Village Energy Security Programme (VESP) 80 test projects approved 54 commissioned Villages between 25–200 households Remote Village Electrification (RVE) Electrification of villages with 300+ inhabitants 6,867 hamlets and villages

  15. Pace of Rural Electrification No. of villages electrified source Annual Report – Rural Electrification Corporation

  16. Technologies • Efficient in high temperature and diffused sunlight situations • Average daily energy generation could effectively be more than c-Si • Avg daily energy generation observed- 3141 kWH1 • Suited Application • For sites where land is not a constraint • Well established solution > 80% of PV installations • Avg. daily energy generation observed- 3012 kWH2 • Most economical solution where land is scarce • Suited Application • Best solution for Rooftop systems • Hybrid with Diesel Gensets for telcom towers • Offers energy storage capability • Viable solution for nighttime peak demand and base load requirements • Availability of water might be a constraining factor • Suited Application • Hybrid with conventional thermal system Chandrapur Thin film Plant Asansol c-Si plant source

  17. Challenges source * World Bank study • Financing • ≈ $50 Billion required over the next 10 years (Equity + Debt) • Lack of trained manpower • 1,00,000 trained and specialized personnel required • Grid extension per km* • Between $8,000 and $10,000 • $22,000 in difficult terrains • Up-gradation to Smart Grid • Could reduce need for storage and cut investment by 30-40%

  18. “Find purpose, the means will follow” Thank You

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