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RE-INVEST 2015 CONFERENCE
Organised by MNRE, Govt. Of India in New Delhi
from15-17th Feb, 2015.
First ever Renewable Energy Global Investors Meet
& Expo as a follow up to the ‘Make in India’ initiative
inaugurated by Prime Minister of India, Mr.
First major platform for investment promotion in this
sector at Government of India level to signal India’s
commitment to the development and scaling up of
CENTRAL THEME OF RE-INVEST
The main purpose was to attract large scale
investors for renewable energy sector in India .
This event also provides an opportunity for global
investment community to connect with energy
stakeholders in India.
MAJOR INITIATIVE BY GOVT.
As renewable energy contribute about 6.5% in the
electricity mix of country and also it is proposed that
this would be taken to about 12% in the next 3
years & 15% by 2022 the Govt. took various
initiative to add massive investment in this sector:
• Accelerated Depreciation
• Generation based incentive
• Viability gap funding
FDI up to 100% under automatic route is permitted
in this sector.
KEY STATISTICS OF THE EVENT
Total Speakers: 202, from 29 countries
Total Delegates: 2860, from 42 countries
Total Companies Represented: 578 Indian, 124 International
Total Media Representatives: 164, from 88 Publications /
Total Exhibitors: 118
Country Pavilions: Germany, UK, Italy, UAE
Total Visitors: 2040 (over and above Conference delegates)
KEY FACTS / TARGETS / COMMITMENTS
India’s current installed power capacity: 254 GW
India’s current RE portfolio: 33.79 GW
India’s RE generation potential from commercially
exploitable resources: 895 GW
India’s RE target for 2022:
• Total generation capacity: 175 GW
• Solar: 100 GW (60 GW Ground Mount, 40 GW
• Others: 15 GW (Small-Hydro, Biomass)
Total investments expected by 2022: US$ 100 Billion
Total no. of companies committed to India’s RE
Total commitment from RE developers: 266 GW
Total commitment from Mfg. sector: 23 GW
Debt funding commitment from Banking sector: 78 GW
t from overseas companies: 58 GW
REPORT BY DEUTSCHE BANK
Although Deutsche Bank conceded that this looks quite
ambitious on paper ,complicating issues were addressed
using ‘timely and appropriate’ policy mechanisms:
• Lowering the cost of financing
• Attracting investment
• Making land available
Energy Minister of the Govt. Of India told Ernst & Young that
country aimed to meet target even earlier, and wanted to
become the world’s no. 1 market for renewable energy by
2019. Current rank is 5th.
For the cost of solar, the report notes that at~12c/kwh, it is
already at or below parity with traditional power generated
using imported coal in some regions in India.
Solar is expected to achieve parity with domestic
coal(~$0.10/kwh) by 2020.
Difference between solar and coal generations has
fallen from 7:1 to nearly 1:1 with parity to be
achieved against imported coal this year( thanks to
new financing innovation).
Deutsche says, this downward price trajectory
could be accelerated by the arrival in the
investment of yield-cos.
RECENT ISSUE OF INDIAN SOLAR COMPASS
In recent issue of Indian Solar Compass a reputed
Strategic Consulting, Market Intelligence and Project
Development company based in India highlights:
Investment of over INR 116 billion ($1.9 billion, €1.4
billion) is expected over the next one year in the Indian
Solar capacity addition of 1,660 MW will happen in India
over the next four quarters. This would be a record
growth for a 12 months period.
US module supplier First Solar recovers lost ground in
India by securing over 100 MW of supply contracts
under the National Solar Mission
“Made in India” modules by Waaree, Vikram Solar
and ReneSola, Tata Power Solar are to be used for
projects under the DCR category of the NSM.
The price Established EPC contractors such as
Juwi, L&T, Sterling & Wilson and Belectric win
many projects under the National Solar Mission.
Based on the current contract pipeline, local start
up, Rays Power Infra, emerges as one of the
largest third-party EPC contractors in the Indian
The price of Chinese C-Si tier I modules fell by
around 10% (in INR terms) in the last four quarters.
This is double the long-term trend of 5%. We may
be entering a period of accelerated, sustained solar
· The same is true with respect to inverters: Some
aggressive players in the central inverters market
have spearheaded a price crash to INR 2.7/Wp
Going by the “Make in India” campaign launched by
the new Govt., India has the potential to be a
manufacturing powerhouse in the region. However,
scores of words have to translate to visible action if
we have to achieve anything close to the collective
vision of our leaders. Solar PV industry is poised to
grow astronomically with the announcement of
ambitious, yet attainable target of 100GW solar
power capacity by 2022. SEMI’s value proposition
is to be a catalyst in the progress of the solar cell
manufacturing entities with its advisory & standards