For the complete report, get in touch with us at : info@netscribes.com 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.

1. Insert Cover Image using Slide Master View
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Wind Power Market – India
February 2013

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 Incentives
Government  State wise Comparison Of Feed‐in‐tariff Policy For Wind Power (Top Five States)
Major Players
Competitive Company A Company B Company C
Landscape Company D Company E Company F
WIND POWER MARKET IN INDIA 2013.PPT 2

3. •Introduction
•Market Overview
LE
• Indian Market
M P
• EXIM
S A •Trends
•Drivers & Challenges
•Government Participation
•State Specific Issues
•Competitive Landscape
•Strategic Recommendations
•Appendix
WIND POWER MARKET IN INDIA 2013.PPT 3

4. Wind power market is poised to grow with the potential
revamp of the Generation Based Incentive scheme
Market 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. Wind generation is a very complex procedure with high
costs incurred at every step
Wind 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. 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. Roll back of incentive schemes have led to an ebb in the
wind power sector
Withdrawal 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. Major Public Companies ‐ Summary
Net 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. Public: Domestic Company – Company A
(1/4)
Company Information Offices and Centres – India
Street A
Corporate Address
Maharashtra
LE
Tel No. +91‐22‐12345678
Fax No. +91‐22‐12345679
Website
Year of
www.xyz.com
19‐‐
MP
A
Incorporation
S
Ticker Symbol ‐‐ Mumbai
Stock Exchange BSE Head Office
Products and Services
Category Products/Services
Wind turbine generators, wind power Key People
Wind Sector systems and related components such
as drive systems, annular generators etc. Name Designation
Land sourcing and permitting, wind Person A Founder, Chairman, MD
Project 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 C
Others Relations
forging components; generation and sale
of power Person D Chief Economist
WIND POWER MARKET IN INDIA 2013.PPT 9

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 Assets
Financial 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 Ratio
Key Financial Performance Indicators
Interest Coverage Ratio
Indicators Value (26/12/2012) Efficiency Ratios
Market Capitalization (INR mn) ‐‐ Fixed Asset Turnover
Total Enterprise Value (INR mn) Asset Turnover
‐‐
Current Asset Turnover
EPS (INR) ‐‐ Working Capital Turnover
PE Ratio (Absolute) ‐‐ Capital Employed Turnover
Improved Decline
WIND POWER MARKET IN INDIA 2013.PPT 10

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
2009
Business Highlights
2010 2011
S
2012
AM 2009 2010 2011 2012
Description 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 2012‐13
Achievements • The company ranked –th in Global Transnational companies Survey by the Indian School of Business,
Hyderabad and Brazil's Fundacao Dom Cabrall
WIND POWER MARKET IN INDIA 2013.PPT 11

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. 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 Expense
Return 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. Thank you for the attention
Wind Power Market – India 2013 report is a part of Netscribes, Inc.’s Energy and Utilities
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