India is rich in renewable sources of energy with considerable future potential. This clean energy source is progressing rapidly thereby accelerating use of resources in powering the growing economy with a secure and affordable energy supply. As per Ministry of New and renewable Energy (MNRE), Installed grid connected renewable power generation capacity of India stands at 21.12 GW, constituting more than 11% of the total installed capacity base of the country. Over the decade, energy and peak demand shortage averaged around 10.3% and 12.9% respectively, citing which renewable energy is playing an ever increasing role.
India has initiated impressive strides to promote solar energy in the Renewable segment. The availability of abundant solar energy has prompted policy makers of the country to frame favourable policies and regulations to develop the solar energy resources. The growth of solar power production is spectacular and the fastest-growing of all the electricity generating sectors, chiefly PV markets. In 2011, India’s installed capacity has seen mammoth increase from 22 MW to 143 MW, which has now reached to about 1040 MW as on July 2012. The various bidding rounds issued by the national and regional governments have been met with unprecedented enthusiasm from national and international players. As a significant first step towards achieving this, the Government of India, through a tariff-based reverse auction process, successfully selected 37 developers offering 620 MW (450 MW of solar thermal and 150 MW of solar PV projects) to sign Power Purchase Agreements with NVVN. Further, about 100 MW of projects, were allowed to migrate under the JNNSM at feed-in tariffs specified by the CERC (INR 17.91/kWh for PV and INR 15.31/kWh for solar thermal). By 2014, India is expected to have 14.5 GW of installed solar PV capacity with some experts predicting that this base will hit 33.4 GW by 2022.
Though, India had done relatively well in the first batch of phase-1, aside from a handful of existing PV projects that have been allowed into the NSM via the “migration scheme”, all 20 GW of capacity will be allocated to developers through public tenders, in a bid to reduce prices. The present central and state policies for Solar Energy is developing favourable conditions and various new business models are emerging which reinforce the exponential market growth for solar projects. The current opportunities are attracting intense excitement from entrepreneurs and investors to be a part of the solar growth story of India. Despite of a good response, the economy has to deal with various types of contractual structures and financing mechanisms to contend with.
The proposed workshop will endow with an incisive map of the market opportunities, segments, models and barriers in solar, guiding the participants through the site selection, technology selection, finance, planning & development process in a systematic step-by-step approach. To give a real time impression, the workshop will also focus on International and Indian Case studies on both the soar photovoltaic (SPV) as well as on the Concentrated Solar Power (CSP) technologies for grid connected power generation.
The workshop will be conducted by some of the most experienced industry professionals and renowned personalities of the Power sector space.