Energy outlook january 2018 by Adam

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From the Editor’s Desk..

Tushar Aggarwal

EDITORIAL Editor: Tushar Aggarwal tushar@cavpl.in Consulting Editor: Mukesh Aggarwal mukesh@cavpl.in

Falling coal imports are a positive sign that India moving in the right direction as far as using fossil fuels is concerned. Now for the straight 4th nancial year, interestingly, this gure is on a downward graph.

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Coal imports by the Republic of Indiafell down from 217.78 metric tonnes in 2014-15 to 203.95 metric tonnes in 2015-16 and further to 190.95 metric tonnes in 2016-17. is is a positive thing both for the economy and the environment. is trend is continuing in 2017-18 as per the expert and trustworthy statistics provided by India's central Directorate General of

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Commercial Intelligence & Statistics (DGCI&S), New Delhi. As a comparative study, they cite the coal amount that was imported during April-October, 2017-18, 118.86 metric tonnes (Provisional) as compared to the corresponding gure of 121.14 metric tonnes during the same period in 2016-17 showing a 1.9% decline. As is the current import policy in India, Coal is classi ed as an Open General License (OGL) item and accordingly, consumers are free to import coal from the source of their choice as per their contractual prices on payment of applicable duty. Coal India Ltd. (CIL) has also taken various steps for promotion of import substitution through source rationalization with part supply from higher grade coal sources. Coal from various sources including higher grade were oﬀered through various types of e-auction including special forward e-auction with ease-of-business initiatives like exi tenure of lifting, reduction of

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Earnest Money Deposit (EMD) and oor price to cater to requirement of various consumers including ermal Power Plants (TPPs) not having Fuel Supply Agreement (FSA) with CIL sources. Further, CIL has prepared a provisional calendar for e-auction from August 2017 to March 2018, in which 832.3 Lakh Tonne of coal has been put on oﬀer under Spot, Special Forward and exclusive e-auction. A Non-Regulated Sector Tranche IV is on the cardsfor commencement March '18 onwards. e linkage Auction for power producers/IPPs without PPAs that are either commissioned or to be commissioned and it is planned to be conducted by end of January 2018. e process has been initiated. In Energy Industry, Innovation and Technology are continuously rede ning the sector. I believe digitizing energy sector with print media will play the key factor in this. Energy Outlook Magazine truly justi es this fact. We're trying to initiate in the most conscious way possible, environmentally and socially. We are observing the ravages of climate change and will look forward to share to our audience as well.

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Content

Review 2017, Ministry of New and 10 Renewable Energy (MNRE)

ELECTRICITY FOR ALL - Imagine Renewable Energy 6 Energy Outlook Exclusive Conversation with Mr. Hitesh Doshi, Chairman & Managing Director, Waaree Energies Limited

Solar Energy Ÿ Ÿ Ÿ

Ÿ Ÿ Ÿ

Corporate Funding Up 41 Percent in Solar Industry with $12.8 Billion in 2017 Lightsource and BP join forces to drive growth in Solar Power development worldwide Vikram Solar's Rooftop Solar Solutions aids SBI Patna to join the clean energy drive/Adobe Bengaluru Campus ful lls 100% of its Power Demand through Renewable Energy Energy Outlook Exclusive Conversation with Dr. Gundu Sabde, CMD RelyOn Solar Goldi Green aims to scale up its manufacturing capacity to 1GW by next year Ecoppia Completes $13 Million Funding Round, Shows Over 1600% Growth in Revenues

Wind Energy Ÿ Ÿ Ÿ Ÿ

Ÿ Ÿ

Ÿ Ÿ Ÿ

Suzlon Group & Associates Collaborate for the First Offshore Met Station Vestas wins largest order to date in India with 250 MW turnkey order from country's FIrst energy auction 6 Companies to Supply 500MW Wind Power/Suzlon Chief Takes Over as Head of Indian Wind Turbine Manufacturers Association 5 GW offshore Wind Power set to be auctioned in 2018/Guidelines issued for procurement of wind power through tariff based competitive bidding process Orient Green Power sells biomass units; sees the wind turning

Hydro Energy / Geo ermal Ÿ

Loan Agreement signed for Pare Hydroelectric Plant to aid socioeconomic development of the North Eastern Region Power Restored by BC Hydro in Canada after Ice Storms/Shri Nand Lal Sharma Appointed Chairman & Managing Director, SJVN NTPC Registers Highest Quarterly Generation with Double-Digit Growth/Backed by Tata Group, Resurgent Power is the Frontrunners in the Auction of Jaypee Power Ventures India's Geothermal Energy Aspirations/Slovakian Geothermal Energy Dreams 2018: Turkish Geothermal Industry Will Receive A Billion Dollars' Investment/Chinese Firm To Build Kenyan Geothermal Plant e Middle-East Asia Explores Solar & Geothermal Linked Desalination/NHPC Awarded CBIP Award for Best Project Developer in Hydro Sector

Bio Energy Ÿ Ÿ Ÿ

GMEX signs collaboration agreement with CGanga to launch a Biomass Exchange in India Analysis of EU's Bioenergy Policy GST Slab changes bene cial for Biogas

Electric Vehicle Ÿ Ÿ Ÿ Ÿ

Indian Government push for Electric Vehicles Tata Power makes Mumbai Electric Vehicle Ready; sets up strategic additional EV Charging stations Smart EV charging station at SCOPE Complex, New Delhi powered by NTPC ABB and Formula E partner to write the future of e-mobility

Conventional Source of Energy 54 Ÿ Ÿ

From the folk artistic patchwork technique of paebandkaari to Oil Re nery, is is the new identity of Barmer. Energy Outlook Exclusive Conversation with Mr. Virendra Joshi, Managing Director Quasar Enviro Solutions (P) Ltd

Energy Storage System

REFU launches new 100kW string inverter at WFES in Abu Dhabi Ÿ Amara Raja Batteries commissions India's Largest and Most Advanced Two-Wheeler Battery Plant Ÿ Narada bags order for ESS from BHEL R&D, Hyderabad, India with Lithium ion Battery Solution Ÿ

Cover Story

ELECTRICITY FOR ALL - Imagine Renewable Energy Energy Outlook Exclusive Conversation with Dr. Hitesh Doshi, Chairman & Managing Director, Waaree Energies Limited EO: Please brief about the 28 years of Experience of Waaree. Dr. Hitesh: From the inception Waaree has been focussing on development and innovation. Waaree was established as a hardware process control instrument trading company and moved in manufacturing of process control instruments, gas station equipment's and industrial valves since 1989. Waaree brought revolution in the instrumentation by delivering path breaking solution's in process control instrumentation. In the year 2007 we established one of India's most diversi ed and fastest growing solar power solution company.

export oriented company. It was only after 2010 that we started focusing on the Indian market. anks to our stakeholders who have supported us to grow and become one of the largest solar module manufacturing company. Waaree is been recognised with more than 100 awards globally for its pioneering work in the solar industry. It has been an enriching journey so far. Our learning curve has improved with the years of serving the customers & contributing to the growth story of our country. EO: By 2019, Waaree would be celebrating 10 glorious years in Renewable Energy Industry, many

congratulations for that. Would you like to share Milestone(s) Waaree has achieved? Dr. Hitesh: WAAREE Group was founded in 1989 with a focus on Instrumentation business. In the year 2007 we established Waaree Energies. We have grown from 30 MW module manufacturers in 2007, to become one of the largest solar module manufacturing company with 500 MW capacity, expanding to 1.2 GW by February 2018. Waaree is been recognised with more than 100 awards globally for its pioneering work in the solar industry.

“Waaree established 30MW line at a time when country didn't even have 2MW capacity.” It's been a learning experience since we took up the cause for promoting solar power. We got a great deal of insights into the solar energy sector form US , Japanese & the European market models .is gave us an impetus to position over selves better in the Indian market. We started our operations as an 6 | Energy Outlook | January 2018

State of the art module manufacturing facility

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BAPS Swaminarayan School “e Bridge to India Report 2015 has credited Waaree as the No 1 Indian manufacturer for solar panels. Waaree Energies Ltd has been consecutively 3 times recognized by Bloomberg nance tier 1 in solar module manufacturer category.” EO: Which was the Most Challenging Project Waaree has undergone? Dr. Hitesh: We did our rst project in 2011, in Rajasthan. e lack of skilled m a n p o w e r, e x t r e m e c l i m a t i c conditions where temperature goes up to 50 degrees and sand storms made it diﬃcult to adhere to project timelines. It has been a learning curve since then. I would like to highlight e Mumbai metro project of 2.290 MW, whose installation was a major challenge. e modules were to be installed on 12 diﬀerent metro Stations in stipulated timelines with zero Accident. e installation was done with marginal static load and robust design of Aluminium Module Mounting structures to withstand the tough climatic conditions for the long life of the system. e designing was done for

optimum use of shadow free roof top area with the usage of EPDM gasket and riveting method to avoid any chance of leakage of rain water on the station. ese experiences have made us better and stronger, we are equipped to take any challenge, and ensure the smooth execution of projects. EO: A 2.29 MW Roof Top Mumbai Metro Project by Waaree, Will it be a game changer in development of transport facilities in India? Dr. Hitesh: I think we have taken a very small step towards making the transport system in our country, selfreliant in clean power. Mumbai Metro one private Limited (MMOPL) will resource 30% of its non-traction energy requirement through solar panels which have been installed at Andheri & Ghatkopar metro stations. MMOPL's annual auxiliary power requirement for non-traction use is approximately 11MW. e initiative is a part of Mumbai Metro One's “go green go clean' campaign launched to mark its second anniversary. We have learned to deploy the solar panels at

most inaccessible and busiest places with utmost safety and zero accidents. is has opened opportunities to do similar projects in future. Indian Railways is going all out to reduce its fuel costs and adopt solar power in a major way. Apart from planning largescale solar power projects and rooftop solar power systems, the world's fourth-largest railway network is planning to install solar panels on top of coaches. By saving an estimated 1.2 lakh kilo litre of diesel every year, the railways will be able to pocket Rs 672 crore per year. e solar power will also help in reducing 2.7 lakh tonnes of carbon dioxide emission per year. Railways have planned to generate 1000 MW solar power in the next ve years. Steps are being taken to install solar plants at railway building rooftops and level crossings across the country which shall further boost the solar power consumption. “Electric vehicles are the future of the transport industry, and the way we are adopting EV's. I think solar has lot of potential on charging stations, and other infrastructure for EV. e

Roof Top Mumbai Metro Project

Waaree Energies Ltd. is the agship company of Waaree Group, founded in 1989 with headquarters in Mumbai, India. It has India's largest Solar PV Module manufacturing capacity of 550 MW's at its plant in near Surat, Gujarat. Waaree Energies is amongst the top player in India in providing EPC services, project development, rooftop solutions, and solar water pumps and also as an Independent Power Producer. Waaree has its presence in over 200+ locations nationally and 68 countries internationally.

7 | Energy Outlook | January 2018

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opportunities are huge in the years to come.” EO: Do you see India a Super Power in Solar Power Generation by 2020? Dr. Hitesh: In India Renewable Energy Infrastructure has entered into golden phase, with the generation capacity enhancement in 2016-17 of 15.3 GW vis-à-vis 11 GW for conventional power, and RE installed capacity having crossed the 50 GW milestone. ese milestones - heartening that they are - also underline our belief that infrastructure in the manufacturing and evacuation segments needs to match steps with the aggressive capacity installation. Taking solar sector as an example, more than 85% of the solar modules were completely imported for the capacity enhancement of 5.5 GW in 2016-17. We also look at the readiness of the Green Energy Corridor to ensure integration of the solar and wind capacities without curtailment issues. ere is a good opportunity to develop infrastructure for manufacturing of renewable equipment's and grid infra for roof top in our country. EO: Your comments on MNRE's World's Largest Renewable Energy Expansion Program of 175 GW by 2022. Dr. Hitesh: India's target of 100 GW Solar Power by 2020 looks exciting but when we look at China which installed 43 GigaWatt of solar power in the rst nine months of 2017, we feel much more focus on solar is needed. India is the world's third largest producer and fourth largest consumer of electricity. India has one of the world's fastest growing energy markets and is expected to be the second-largest contributor to the increase in global energy demand by 2035, accounting for 18% of the rise in global energy consumption . India's electricity sector is dominated by fossil fuels, and in particular coal, which in 2016 produced about two thirds of all 8 | Energy Outlook | January 2018

MonoSteel India Ltd. – 10 MW

electricity. Only 31 percent of total demand for electricity comes from renewable, and solar contributes to only 1 % for totally electricity demand of the country. We have a long way to go and we should put all the required eﬀort to contribute at least 20% of the demand by 2022. We at Waaree are equipped to play a major role to manufacture and supply modules, participate in EPC tenders as well as provide third party EPC services for utility scale projects. We will continue and strengthen our presence in the rooftop segment as well as on case-tocase basis participate as developers/investors in solar power projects. As part of our commitment towards the 100 GW target, we have introduced oating solar solution, to enable eﬃcient use of the water-body surface for solar capacity deployment. Our manufacturing capacity roadmap has been planned to grow lock-step with the overall market with capacity upgradation to 1.2 GW. EO: After American & European Countries, now Asian Markets are focusing more on Renewable Energy, do you think Africa will soon emerge as a big buyer of Renewable Energy, especially Solar Power?

opportunities for the solar market. African subcontinent lies on the equator receiving many more hours of bright sunshine during the course of the year than any other continent of the Earth .Despite the large solar potential, penetration of solar power in Africa's energy sector is still very low. Declining solar equipment costs are expected to signi cantly increase solar installations in Africa with an industry projection forecasting that the continent's annual PV market will expand to 2.2 GW by 2018. Electricity supply in Africa is in a very sorry state. Millions of Africans now have mobile phones with no electricity to charge batteries. In many countries on the continent, less than 20 percent of the population have access to electricity; the situation is much worse in rural areas where fewer than 5 percent are connected to the grid. ousands of villages in Africa are so remote and too spread apart that it would take decades and billions of investment dollars to take electricity to all corners of our continent. Oﬀ-grid solar should be Africa's energy future, since it is cheap, easy to deploy, decentralized and eﬀective enough to provide electricity to millions of people in the shortest possible time. Solar power is the only option that satis es all these requirements.

Dr. Hitesh: Africa is the land of www.energyoutlook.net

“We are very positive that Solar PV market in Africa shall grow at rapid pace in times to come.” EO: “Electricity for All” – your comments on this. Dr. Hitesh: In India Renewable energy is very important as we are a power hungry country. ere is a huge de cit between the demand and supply, so de nitely we need power irrespective of the source it comes from. Our Vision is to provide high quality and cost eﬀective sustainable energy solutions across all the markets, reducing carbon foot print – paving way for sustainable energy thereby improving quality of present and future human life. I personally come from a village where students still have to study under street light or kerosene. Still in some villages medical stores don't keep medicines which require refrigeration. Electricity has now become the basic need of humans, it is as important as air or water. Solar energy is green energy which is freely available to us and also helps us to reduce carbon footprint and control global warming. For a country like India solar seems to be the best solution for its growing energy needs making electricity available to the remotest corner of the country. Electricity for all will not only help to ful l the basic necessity of mankind, but also fuel the economic growth of our country. EO: What Waaree is looking to

Flexible Merlin Solar Module

develop in future? Dr. Hitesh: We are committed to make solar aﬀordable and accessible to all, we have opened 200+ Waaree store across geographies. ese stores are established with the aim to educate about solar and make people experience solar products. ese centres shall make solar solutions available to people and also be the service centres for their solar products. We plan to open more than 500 of such centres so that we make the solar power accessible across length and breadth of country. “Waaree is coming up with manufacturing facility of 1.2 GW by February 2018, to cater to ever increasing demand of quality solar

modules.” Launch of patented structure design for swift installation of solar panels on rooftop, with minimum components, shall help ease the time consuming and cumbersome process of rooftop solar power plant installation. We have already launched one of the most innovative technologies in solar modules - Merlin solar module. Merlin modules have their own unique strengths which is its exibility and rugged nature. It is a technology that mitigates hot spots or micro cracks all the while generating more power while giving an application advantage. ere is lot more exciting innovations happing which shall be revealed in days to come.

Dr. Hitesh Doshi Chairman and Managing Director, Waaree Energies Ltd. Dr. Hitesh Doshi, Chairman & Managing Director, WAAREE Group has over 28 years of experience in the engineering industry. Under his leadership WAAREE has received various recognition award and accolades, he formed WAAREE Energies Ltd. in 2007 initiating its foray in Renewable Energy and has taken several initiatives to accelerate the company's topline and bottom-line growth. His vision and strategic business leadership are instrumental in establishing WAAREE Energies in a leadership position in the solar industry. He looks after the overall business strategy of the Company and International Business Development coupled with expansion projects of the Company.

9 | Energy Outlook | January 2018

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Government Update

Review 2017 Ministry of New and Renewable Energy (MNRE) Ÿ Government is on its way to achieving 175 GW target for installed Renewable

Energy capacity by 2022 Ÿ India attains global 4th and 6th position in global Wind and Solar Power installed

capacity Ÿ By November 2017, a total of 62 GW Renewable Power installed, of which 27 GW

installed since May 2014 and 11.79 GW since January 2017 Ÿ Historic Low Tariﬀs for Solar (Rs. 2.44/ unit) and Wind (Rs. 2.64/ unit) achieved

through transparent bidding and facilitation Ÿ Ambitious Bidding Trajectory for 100 GW capacity of Solar Energy and 60 GW

capacity of Wind over the next 3 years laid down e Ministry of New and Renewable Energy (MNRE) has taken several steps to fructify Prime Minister Shri Narendra Modi's dream of a clean energy future for the 'New India'. e largest renewable capacity expansion programme in the world is being taken up by India. e government is aiming to increase share of clean energy through massive thrust in renewables. Core drivers for development and deployment of new and renewable energy in India have been Energy security, Electricity shortages, Energy Access, Climate change etc. A capacity addition of 27.07 GW of renewable energy has been reported during the last three and half years under Grid Connected Renewable Power, which include 12.87 GW from Solar Power, 11.70 GW from Wind Power, 0.59 from Small Hydro Power and 0.79 from Bio-power. Con dent by the growth rate in clean energy 10 | Energy Outlook | January 2018

sector, the Government of India in its submission to the United Nations Frame Work Convention on Climate Change on Intended Nationally Determined Contribution(INDC) has stated that India will achieve 40% cumulative Electric power capacity from non-fossil fuel based energy resources by 2030 with the help of transfer of technology and low cost International Finance including from Green Climate Fund. As on 30.11.2017, Solar Energy Projects with an aggregate capacity of over 16611.73 MW including 863.92 MW from Solar Roof Top projects has been installed in the country. e government is playing an active role in promoting the adoption of renewable energy resources by oﬀering various incentives, such as generationbased incentives (GBIs), capital and interest subsidies, viability gap funding, concessional nance, scal

incentives etc. e National Solar Mi s s i o n a i m s t o p r o m o t e t h e development and use of solar energy for power generation and other uses, with the ultimate objective of making solar energy compete with fossil-based energy options. e objective of the National Solar Mission is to reduce the cost of solar power generation in the country through long-term policy, large scale deployment goals, aggressive R&D and the domestic production of critical raw materials, components and products. Renewable energy is becoming increasingly costcompetitive as compared to fossil fuelbased generation. “In order to achieve the renewable energy target of 175 GW by the year 2022, the m a j o r p r o g ra m m e s / s c h e m e s o n implementation of Solar Park, Solar Roof Top Scheme, Solar Defence Scheme, Solar scheme for CPUs Solar PV power plants on Canal Bank and Canal Tops, www.energyoutlook.net

Solar Pump, Solar Rooftop etc have been launched during the last two years.” Various policy measures have been initiated and special steps taken in addition to providing nancial support to various schemes being implemented by the Ministry of New and Renewable Energy (MNRE) for achieving the target of renewable energy capacity to 175 GW by the year 2022. ese include, inter alia, suitable amendments to the Electricity Act and Tariff Policy for strong enforcement of Renewable Purchase Obligation (RPO) and for providing Renewable Generation Obligation (RGO); setting up of exclusive solar parks; development of power transmission network through Green Energy Corridor project; guidelines for procurement of solar and wind power though tariff based competitive bidding process, National Offshore W i n d E n e r g y Po l i c y n o t i e d , Repowering of Wind Power Projects, Standards for Deployment of Solar Photovoltaic systems/ devices, orders for waiving the Inter State Transmission System charges and losses for interstate sale of solar and wind power for projects to be commissioned by March 2019; identi cation of large government complexes/ buildings for rooftop projects; provision of roof top solar and 10 percent renewable energy as mandatory under Mission Statement and Guidelines for development of smart cities; amendments in building bye-laws for mandatory provision of roof top solar for new construction or higher Floor Area Ratio; infrastructure status for solar projects; raising tax free solar bonds; providing long tenor loans; making roof top solar as a part of housing loan by banks/ NHB; incorporating measures in Integrated Power Development Scheme (IPDS) for encouraging distribution companies and making net-metering compulsory and raising funds from bilateral and international donors as also the Green Climate Fund to achieve the target.

11 | Energy Outlook | January 2018

Other important Initiatives and Achievements of MNRE ESTIMATED POTENTIAL OF RENEWABLE ENERGY e increased use of indigenous renewable resources is expected to re d u c e In d i a ' s d e p e n d e n c e o n expensive imported fossil fuels. India has an estimated renewable energy potential of about 1096 GW from commercially exploitable sources viz. Wind – 302 GW (at 100-meter mast height); Small Hydro – 21 GW; Bioenergy – 25 GW; and 750 GW solar power, assuming 3% wasteland TARGETS e Government of India has set a target of 175 GW renewable power installed capacity by the end of 2022. is includes 60 GW from wind power, 100 GW from solar power, 10 GW from biomass power and 5 GW from small hydro power. A target of 14550 MW grid renewable power (wind 4000 MW, solar 10000 MW, small hydro power 200 MW, biopower 340 MW and waste to power 10 MW), has been set for 2017-18. Besides, under oﬀ-grid renewable system, targets of 15 MW eq. waste to energy, 60 MW eq. biomass nonbagasse cogeneration, 7.50 MW eq. biomass gasi ers, 0.5 MW eq. small wind/hybrid systems, 100 MW eq. solar photovoltaic systems, 150/25 Nos. eq. micro hydel and 110,000 nos. family size biogas plants have been set for 2017-18. ACHIEVEMENTS e details of year round initiatives and achievements of the Ministry of New and Renewable Energy are as follows: Green Power Capacity Addition A total of 11788 MW of grid-connected power generation capacity from renewable energy sources has been added so far this year (January 2017 to November 2017) in the country. A total of 11319.71 MW of gridconnected power generation capacity from renewable energy sources like solar (5502.38 MW) and wind (5585.98 MW), Small Hydro Power (105.90 MW), Bio-Power (161.95 MW) has been added during 2016-17

in the country against target of 16660 MW. During 2017-18, a total 4809.51 MW capacity has been added till 30.11.2017, making cumulative achievement 62053.73 MW. Sector-wise highlights of Achievements Ÿ

Largest ever Wind Power capacity addition of 5502.39 MW in 201617 exceeding target by 38%. During 2017-18, a total 467.11 MW capacity has been added till 30.11.2017, making cumulative achievement 32746.87 MW. Now, in terms of wind power installed capacity “India is globally placed at 4th position after China, USA and Germany.” Biggest ever Solar Power capacity addition of 5525.98 MW in 201718. During 2017-18, a total 4323.1 MW (including 207.92 MW Solar Roof Top) capacity has been added till 30.11.2017, making cumulative achievement 16611.73 MW (including 863.92 MW Solar Roof Top). So far,1.42 lakh Solar Pump have been installed in the Country as on 30.11.2017 including 1.31 lakh during last three and half year. Solar projects of capacity 23656 MW have been tendered and LoI for 19,340 MW issued. A capacity addition of 0.59 GW has been added under Grid Connected Renewable Power since last three and half years from Small Hydro Power plants. Biomass power includes installations from biomass combustion, biomass gasi cation and bagasse co-generation making a cumulative achievement to 8181.70 MW. Family Type Biogas Plants mainly for rural and semi-urban households are set up under the National Biogas and Manure Management Programme (NBMMP). During 2017-18, against a target of 1.1 lakh biogas plants, 0.15 lakh biogas plants installations has been achieved www.energyoutlook.net

making a cumulative achievement to 49.8 lakh biogas plants as on 30.11.2017. Major Initiatives taken by Ministry Solar Power Under National Solar Mission, the target for setting up solar capacity increased from 20 GW to 100 GW by 2021-22. Target of 10,000 MW, set for 2017-18 which will take the cumulative capacity over 20GW till 31st March 2018. Ø As on date, 23656 MW has been tendered out, of which LOI issued for 19340 MW. Ø Capacity of the scheme for “Development of Solar Parks and Ultra Mega Solar Power Projects” has been enhanced from 20,000 MW to 40, 000 MW.35 solar parks of aggregate capacity 20,514 MW have been approved in 21 States. Ø Kurnool Solar Park in Andhra Pradesh with 1000 MW capacity has already been commissioned and is operational. With commissioning of1000 MW capacity at single location, Kurnool Solar Park has emerged as the World's Largest Solar Park. Ø 650 MW capacity commissioned in Bhadla Phase-II Solar Park in Rajasthan. Ø 250 MW capacity commissioned in Phase –I of Neemuch Mandsaur Solar Park (500 MW) in Madhya Pradesh. Ø 3 new solar parks have been approved in this year at Rajasthan Ø

(1000 MW), Gujarat (500 MW) and Mizoram (23 MW) after issue of Guidelines for Enhancement of capacity from 20, 000 MW to 40, 000 MW under Solar Park Scheme. Ø Solar tariﬀ has declined to lowest level of Rs 2.44 /kWh. e chronology of down ward trend in Solar tariﬀ during recent times is as shown in below gure: Ø

As on 30.11.2017 over41.80 lakh

Scheme S. No Period

State

Capacity Lowest Tariﬀ (Rs ./KWh)

February-2017 750 MW

3.30

State Scheme Madhya Pradesh (REWA Solar park)

May-2017

2.62

VGF Scheme Rajasthan

250 MW

(Bhadla IV Solar park) 3

May-2017

500 MW

2.44

VGF Scheme Rajasthan (Bhadla III Solar park)

Aug-17

500 MW

2.65

State Scheme Gujarat (Non-Solar Park)

Solar Lighting Systems, 1.42 lakh Solar Pumps, and power packs of 181.52 MWeq have been installed i n t h e c o u n t r y. M a j o r achievements of 18.47 lakh Solar Lighting Systems, 1.31 lakh. Solar Pumps, Power Packs of 96.39 MWeq have been reported during last three and half years. Ø Under Defence scheme against a target of 300 MW, 357.50 MW has been sanctioned; under Central Public Sector Undertakings (CPSUs) scheme against a target of 1000 MW, entire capacity sanctioned; under 3000 MW Bundling scheme, Tranch-I: 3000 MW has been tendered; under 100 MW Canal Bank/ Canal Top scheme, all capacity sanctioned; under 2000 MW & 5000 MW VGF Scheme; and under 20,000 MW Solar Park scheme, 35 Solar parks have been approved in 21 States with aggregate capacity of 20,514 MW.

Solar Tariﬀ in 2017 12 | Energy Outlook | January 2018

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Solar Rooftop

Wind Power

Ministry is implementing Grid Connected Rooftop and Small Solar Power Plants Programme which provides for installation of 2100 MW capacity through CFA/ incentive in the residential, social, Government/PSU and Institutional sectors. Under the programme, central nancial assistance upto 30% of bench mark is being provided for such projects in Residential, Institutional and Social sectors in General Category States and upto 70% of the benchmark cost in Special Category States. For Government sector, achievement linked incentives are being provided. Subsidy/CFA is not applicable for commercial and industrial establishments in private sector. Ø So far sanctions for 1767 MWp capacity solar rooftop projects has been issued and around 863.92 MWp capacity has been installed. Ø Concessional loans of around 1375 million US dollars from Wo r l d B a n k ( W B ) , A s i a n Development Bank (ADB) and New Development Bank (NDB) have been made available to State Bank of India (SBI), Punjab National Bank (PNB) and Canara Bank for solar rooftop projects. Ø Suryamitra programme has been launched for creation of a quali ed technical workforce and over11 thousand persons have been trained under the programme. Ø Launched mobile app ARUN (Atal Rooftop Solar User Navigator) for ease of access of bene ciaries for request submission and awareness. Ø MNRE has allocated Ministry wise expert PSUs for implementation of RTS projects in various Ministries /Departments. Ø Published best practices guide and compendium of policies, regulations, technical standards and nancing norms for solar power projects.

13 | Energy Outlook | January 2018

During the year 2016-17, wind power capacity addition of 5.5 GW was made, which is highest ever wind power capacity addition in the country during a single year. e present wind power installed capacity in the country is around 32.75 GW. Ø

“Now, in terms of wind power installed capacity India is globally placed at 4th position after China, USA and Germany.”

India has a strong manufacturing base of wind power equipment in the country. Presently, there are 20 approved manufacturers with 53 models of wind turbines in the country up to a capacity of 3.00 MW single turbines. Wind turbines being manufactured in India are of international quality standards and cost-wise amongst the lowest in the world being exported to Europe, USA and other countries. Ø e wind power potential of the country has been reassessed by the National Institute for Wind Energy (NIWE), it has been estimated to be 302 GW at 100 meter hub-height. Online wind atlas is available on NIWE website. is will create new dimension to the wind power development in the country. Ø Signing of PPAs/ PSAs for rst SECI wind auction (1000 MW, tariff discovered was Rs. 3.46 in Feb 2017). Second wind auction of 1000 MW which resulted in lowest tariffs of Rs. 2.64/ unit. Ø India has long coastline where there is a good possibility for developing offshore wind power projects. e cabinet has cleared the National Offshore Wind Energy Policy and the same has been noti ed on 6th October 2015. Certain blocks near Gujarat and Tamil Nadu coast line have been Ø

identi ed. First LiDAR installed and commissioned off Gujarat coast for gathering wind resource data. Ø Wind Forecasting: Based on wind forecasting experience of Tamil Nadu with NIWE, MoUs for forecasting done with Gujarat and Rajasthan. Ø Meso scale map prepared for wind resource at 120 meter height, as most of turbine hub heights being installed are more than 100 meters. Total assessed wind resource of India would go up from 302 GW at 100 m to about 600 GW at 120 m); MESO scale map also prepared for Offshore wind. However for actual use these would have to be correlated with actual site speci c measurements. Ø Bidding guidelinesfor wind auction under Section 63 of Electricity Act have been noti ed in December to Ministry of Power Small Hydro Power A capacity addition of 27.07GW of renewable energy has been reported during the last two and half years under Grid Connected Renewable Power, 0.59 GW from Small Hydro Power. Biomass Power Biomass power includes installations from biomass combustion, biomass gasi cation and bagasse co-generation. A cumulative achievement to 8181.70 MW has been reported as on 30.11. 2017. Family Size Biogas Plants Family Size Biogas Plants mainly for rural and semi-urban households are set up under the National Biogas and Manure Management Programme (NBMMP). During 2017-18, against a target of 1.10 lakh biogas plants,0.15 lakh biogas plants installations has been achieved making a cumulative achievement to 49.8 lakh biogas plants. Off-Grid Solar Applications As on 30.11.2017 over 41.80 lakh Solar Lighting Systems, 1.42 lakh Solar Pumps, and power packs of 181.52 www.energyoutlook.net

MWeq have been installed in the country. Major achievements of 18.47 lakh Solar Lighting Systems, 1.31 lakh. Solar Pumps, Power Packs of 96.39 MWeq have been reported during last three and half years. Amendments in Tariﬀ Policy to promote Renewable Energy l l

Enhancement in Solar RPO to 8% by March 2022. Introduction of RGO for New coal/lignite based thermal plants after speci ed date. Ensuring aﬀordable renewable power through bundling of renewable power. No inter-state transmission charges and losses to be levied for solar and wind power. Further, pursuant to the revised tariﬀ policy, the Ministry of Power on 22ndJuly 2016 has noti ed the long term growth trajectory of RPO for solar and non-solar energy for next 3 years 2016-17, 2017-18 and 2018-19 as under shown in gure.

IREDA Indian Renewable Energy Development Agency (IREDA) has been awarded Mini Ratna Status and the authorised capital of IREDA is increased from Rs.1000 Cr. to Rs.6000 Cr. Green Energy Corridor Intra-State Transmission System is being implemented by eight renewable rich States (Tamil Nadu, Rajasthan, Karnataka, Andhra Pradesh, Maharashtra, Gujarat, Himachal Pradesh and Madhya Pradesh) withtotal project cost of Rs. 10141 crores, with funding mechanism consisting of 20% State Equity, 40% Government of India Grant (total 4056.67 crores) and 40% KfW loan (500 million EUR). e project ब

ॿ ॼ

ढ़ ॼय़

includes about approx. 9400 ckm transmission lines and Substations of total capacity of approx. 19000 MVA to be completed by March 2020. e purpose is to evacuate approx. 20,000 MW of large scale renewable power and improvement of the grid in the implementing States. “Projects worth Rs. 6766 crore have been awarded and approx. Rs. 1400 crores have been disbursed to the States from the Government of India share.” Other Initiatives India is taking a leading role in the International Renewable Community and was a leading country along with France in formation of International Solar Alliance (ISA), an international body of 121 countries lying between Tropic of Cancer and Tropic of Capricorn. 47 countries have signed the Framework Agreement and 18 countries have rati ed it within 1 year of opening of Framework for signature. Accordingly, ISA became alegal entity on 6.12.2017, with its headquarters in India. l Bank loans up to a limit of Rs.15 crores will be given to borrowers for purposes like solar based power generators, biomass based power generators, wind power systems, micro-hydel plants and for renewable energy based public utilities viz. Street lighting systems, and remote village electri cation. For individual households, the loan limit will be Rs.10 lakh per borrower. l Foreign Direct Investment (FDI) up to 100% is permitted under the automatic route for renewable energy generation and distribution projects subject to provisions of e Electricity Act, 2003. l

2016-17 2017-18 2018-19

Non-solar

0.0875

0.095

0.1025

Solar

0.0275

0.0475

0.0675

Total

0.115

0.1425

0.17

Amendments in Tariﬀ Policy to promote Renewable Energy

14 | Energy Outlook | January 2018

In order to achieve the targets, various initiatives have been taken by the Government which interalia include: 1. Announced a cumulative

target of 175 GW renewable energy based electric installed capacity of 100 GW solar power installed capacity; 2. Issued guidelines for procurement of solar and wind power through tariﬀ based competitive bidding process; iii. Declared Renewable Purchase Obligation (RPO) up to the year 2018-19; 1. Declare Renewable Generation Obligation on new coal/lignite based thermal plants; 2. Noti ed National Oﬀshore Wind Energy Policy; 3. Noti ed policy for Repowering of Wind Power Projects; vii. Noti ed standards for deployment of solar photovoltaic systems/devices; viii. Issued order for waiving the Inter State Transmission System charges and losses for interstate sale of solar and wind power for projects to be commissioned by March 2019; 1. Launched Atal Jyoti Yojna for Solar LED Street Lights in ve States; and 2. Setting up of exclusive solar parks; 3. Identi cation of large government complexes/ buildings for rooftop projects; xii. Provision of roof top solar and 10 percent renewable energy as mandatory under Mission St a t e m e n t a n d Gu i d e l i n e s f o r development of smart cities; xiii. Amendments in building bye-laws for mandatory provision of roof top solar for new construction or higher FAR; xiv. Infrastructure status for solar projects; 1. Raising tax free solar bonds; xvi. Making roof top solar a part of housing loan by banks/NHB; xvii. Raising funds from bilateral and international donors as also from the Green Climate Fund to achieve the target.

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Solar Energy

Corporate Funding Up 41 Percent in Solar Industry with $12.8 Billion in 2017

Lightsource and BP join forces to drive growth in Solar Power development worldwide

Vikram Solar's Rooftop Solar Solutions aids SBI Patna to join the clean energy drive

Adobe Bengaluru Campus ful lls 100% of its Power Demand through Renewable Energy

Energy Outlook Exclusive Conversation with Dr. Gundu Sabde, CMD RelyOn Solar

Goldi Green aims to scale up its manufacturing capacity to 1GW by next year

Ecoppia Completes $13 Million Funding Round, Shows Over 1600% Growth in Revenues

Exclusive Conversation with

Dr. Gundu Sabde CMD RelyOn Solar

15 | Energy Outlook | January 2018

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Financial Report

Corporate Funding Up 41 Percent in Solar Industry with $12.8 Billion in 2017 Mercom Capital Group, llc, a global clean energy communications and consulting rm, has released its annual report on funding and merger and acquisition (M&A) activity for the solar sector in 2017. “Total global corporate funding into the solar sector, including venture capital/private equity (VC), debt nancing, and public market nancing raised came to $12.8 billion, a 41 percent increase compared to the $9.1 billion raised in 2016.” “A strong fourth quarter pushed overall funding higher in 2017. Higher installation levels around the world, the lack of threat to the solar investment tax credit, lower than expected tariﬀ recommendation by U.S. ITC, strong

billion in 99 deals in 2017, up 30 percent from the $1.3 billion raised by 78 deals in 2016 - led by several large private equity deals in India.”

million and the concentrator photovoltaics (CPV) category received $6 million. Graph

Solar downstream companies accounted for 85 percent of total VC funding in 2017, bringing in $1.4 billion of the total $1.6 billion raised. in- lm companies brought in $106 million while service providers raised $47 million.

e top VC/PE deals reported in 2017 included a deal for $200 million signed by Lightsource Renewable Energy. ReNew Power also had two deals of $200 million each, followed by Greenko Energy Holdings which raised $155 million. Hero Future Energies raised $125 million and CleanMax Solar raised $100 million. Overall, ve of the top six solar VC funding deals in 2017 came from India.

In v e s t m e n t s i n P V t e c h n o l o g y

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ere were 162 VC/PE investors that participated in funding rounds in 2017, with eight involved in multiple rounds: Engie, Avista Development, DSM Venturing, InnoEnergy, Innogy, International Finance Corporation (IFC), Shell, and Techstars.

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debt nancing activity, and over a billion dollars in securitization deals helped the solar industry have a much better year in terms of nancial activity compared to 2016. After several challenging years, most of the solar securities were up in 2017 re ecting overall positive sentiments around the solar industry even as several Chinese manufacturers decided to go private. Of course, all this could change swiftly if President Trump decides to impose higher tariﬀs in the trade case," commented Raj Prabhu, CEO and CoFounder of Mercom Capital Group.

companies came to $40 million and Balance of Systems (BoS) companies raised $36 million. e concentrated solar power (CSP) category raised $8

Public market nancing was at in 2017 to $1.7 billion raised in 33 deals from $1.8 billion raised in 27 deals in 2016. ree IPOs were logged during the year that raised a combined total of $363 million for Canadian Solar Infrastructure Fund, New Energy Solar

“Global VC investments came to $1.6 16 | Energy Outlook | January 2018

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Solar Top VC/PE Funded Companies in 2017

Fund, and Clenergy.

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Announced debt nancing in 2017 surged to $9.5 billion compared to $6 b i l l i o n i n 2 0 1 6 .  e re we re s i x securitization deals in 2017 totaling $1.3 billion. Securitization deals surpassed the $1 billion for the year, a rst. Large-scale project funding announced in 2017 reached a $14 billion raised in 167 deals, compared to $9.4 billion raised in 133 deals during 2016. A total of 161 investors funded about 20.5 GW of largescale solar projects in 2017 compared to 5.9 GW funded by 153 investors in 2016.

2017 which was down 50 percent compared to $4.9 billion raised by 30 funds in 2016. e top fundraisers were: Sunlight Financial, Sunnova, Solar Mosaic, SolarCity, and Spruce Finance. Since 2009, solar residential and commercial rms oﬀering leases, PPAs, and loans have raised more than $24.8 billion in lease and loan funds.

in 2016. Solar downstream companies were involved in 51 of these transactions. Engie acquired three companies while BayWa, Brook eld Asset Management, Horizon Solar Power, Siva Power, Solar Spectrum, and Sonnedix acquired two companies each. e largest and the most notable transaction in 2017 was the $1.6 billion acquisition of FTP Power (sPower) by AES and Alberta Investment Management (AIMCo) from Fir Tree Partners. Project acquisitions jumped up 67 percent as a record 228 large-scale solar projects with a combined capacity of more than 20.4 GW were acquired in 2017, compared to 2016 when 12.2 GW changed hands in 218 transactions. “Mercom also tracked 187 large-scale project announcements across the globe that totaled 10.6 GW in Q4 2017 and 922 large-scale project announcements totaling 50.1 GW for all of 2017.”

ere were 71 corporate M&A transactions in the solar sector in 2017, up slightly from 68 transactions recorded

Solar Top 5 M&A Transactions in 2017

“e top investors in large-scale projects included Clean Energy Finance Corporation (CEFC), which invested in 13 projects, followed by Santander with eight deals, and Commonwealth Bank of Australia and Siemens Financial Services with six deals each.” $2.4 billion was raised by 16 residential and commercial solar project funds in

Mercom Capital Group, llc, is a global communications and consulting rm focused exclusively on clean energy and nancial communications. Mercom's consulting division advises cleantech companies on new market entry, custom market intelligence, and overall strategic decision making. Mercom's consulting division also delivers highly respected industry market intelligence reports covering Solar Energy and Smart Grid. Our reports provide timely industry happenings and ahead-of-the-curve analysis speci cally for C-level decision making. Mercom's communications division helps clean energy companies and nancial institutions build powerful relationships with media, analysts, government decision makers, local communities, and strategic partners.

18 | Energy Outlook | January 2018

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Corporate Update

Lightsource and BP join forces to drive growth in Solar Power development worldwide Ÿ BP to invest $200m in Lightsource over three years for a 43% stake in the business Ÿ Lightsource is Europe's largest solar development company, focused on the

acquisition, development and long-term management of large-scale solar projects Ÿ Lightsource to rebrand as Lightsource BP Ÿ Combination expected to propel company's continuing rapid expansion worldwide Outlook analysis sees solar as likely to generate around a third of the world's total renewable power and up to 10% of total global power by 2035.

“Lightsource and BP today announced that they have agreed to form a strategic partnership, bringing Lightsource's solar development and management expertise together with BP's global scale, relationships and trading capabilities to drive further growth across the world.” BP will acquire on completion a 43% equity share in Lightsource for a total consideration of $200 million, paid over three years. e great majority of this investment will fund Lightsource's worldwide growth pipeline. e company will be renamed Lightsource BP and BP will have two seats on the board of directors. Nick Boyle, Group CEO and founder of Lightsource, said: “We founded Lightsource to lead the solar revolution and chose to partner with BP because, like us, their ambition is to build and grow this company for the long-term. Not only does this partnership make strategic sense, but our combined forces will be part of accelerating the low-carbon

19 | Energy Outlook | January 2018

transition. Solar power is the fastest growing source of new energy and we are excited to be at the forefront of this development.” Bob Dudley, BP group chief executive added: “BP has been committed to advancing lower-carbon energy for over 20 years and we're excited to be coming back to solar, but in a new and very diﬀerent way. While our history in the solar industry was centred on manufacturing panels, Lightsource BP will instead grow value through developing and managing major solar projects around the world. I am con dent that the combination of Lightsource's expertise and experience with BP's relationships and resources will propel this innovative business to even more rapid growth.” Global installed solar generating capacity more than tripled in the past four years and grew by over 30% in 2016 alone, according to BP's Statistical Review of World Energy. BP's Energy

Lightsource is a global leader in the development, acquisition and longterm management of large-scale solar projects and smart energy solutions worldwide. It has grown in just seven years to become Europe's largest developer and operator of utility-scale solar projects. e company has commissioned 1.3 GW of solar capacity to date and manages approximately 2GW of capacity under long-term operations and maintenance contracts the equivalent of powering over half a million homes through clean energy. BP's interest in Lightsource BP will complement its existing Alternative Energy business, which includes wind energy, biofuels and biopower. BP Wind Energy has interests in onshore wind energy across the US with total gross generating capacity of 2.3GW. BP Biofuels has world scale plants in Brazil, which produce around 800 million litres of ethanol equivalent per year as well as generating low-carbon power for Brazil's national grid. Lightsource BP will target the growing demand for large-scale solar projects worldwide with a focus on gridconnected plants and corporate power purchase agreements (PPAs) signed with private companies. e company will

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continue to develop and deliver Lightsource's 6GW growth pipeline, which is largely focused in the US, India, Europe and the Middle East.

North America Large-Scale Solar (est. 2017) Ÿ LS Labs Smart Home & Distributed Energy Software (est. 2015)

e company sees opportunities to create additional value through integrating solar with BP's other businesses and trading capabilities as well as through BP's international scale and relationships. Dev Sanyal, BP's chief executive for Alternative Energy, added: “We see signi cant opportunity to oﬀer aﬀordable, reliable, low-carbon power solutions by integrating solar alongside our existing Alternative Energy and gas business. We see Lightsource as a strategic partner with a similar vision and, with the bene ts of BP's global scale and relationships, we together plan to build the global market leader for solar.”

Among some of Lightsource's projects are:

“Under the terms of the agreement, BP will pay Lightsource $50million on completion of the agreement, with the balance paid in instalments over three years. Completion is anticipated in early 2018. Lightsource were advised by Rothschild, White and Case, Deloitte and Baker & McKenzie.” Lightsource has grown exponentially since its foundation in 2010, maturing from a startup into a major global player with considerable size, scale and reach. e company's revenue model is focused on capturing value through the provision of full lifecycle services, integrating in-house development, operational management, contracted income (25-30 years+) and deep asset n a n c i n g e x p e r t i s e t o i m p rove competitiveness. With approximately 2GW under management, of which 1.3GW was developed in-house, Lightsource has established a signi cant global pipeline across its four divisions: UK & Europe Large Scale Solar (est. 2010) Ÿ India, Middle East and Asia (IMEA) Large-Scale Solar (est. 2016) Ÿ

20 | Energy Outlook | January 2018

Europe's largest oating solar farm. e 6.3MW installation sits on the surface of the Queen Elizabeth the Second reservoir, just outside of London, and is connected into ames Water's private energy network. A 20,000-solar panel installation, with a capacity of over 5MW, on the roof of Bentley Motor's factory in Crewe. e project takes up 3.45 hectares of roof space and generates the equivalent amount of energy to power over 1,200 households. About BP BP is a global energy business with wide reach across the world's energy systems. With over 70,000 employees and activities in more than 70 countries, BP nds, produces and transports oil and natural gas; trades oil, gas, products and power; manufactures and markets fuels, lubricants and petrochemicals; and produces renewable energy through its wind, biopower and biofuels businesses. About Lightsource Renewable Energy Holdings Limited Lightsource is Europe's leading solar energy company and a global market leader in the development, acquisition and management of large-scale solar energy projects, as well as smart energy solutions. rough its integrated platform, groundbreaking structured nance, in-house engineering excellence and dedicated O&M division, Lightsource plays a pivotal role in driving the future global energy mix. e company also boasts some of the best talent in the industry, with a team of over 300 specialists in seven oﬃces across three continents.

provisions of the United States Private Securities Litigation Reform Act of 1995 (the 'PSLRA'), BP is providing the following cautionary statement. is press release contains certain forwardlooking statements concerning BP's agreement with Lightsource to form a strategic partnership, including BP's plans acquire an equity share in Lightsource ,the amount and timing of payment for this and anticipated completion date; plans and expectations on the expansion and growth of Lightsource BP including growing value through developing and managing major solar projects and continuing to develop and deliver its growth pipeline and creating additional value through integration with BP; expectations on the low carbon transition and the growth of solar and Lightsource BP's aims in relation to this, including plans to create the global market leader for solar. Actual results may diﬀer from those expressed in such statements, depending on a variety of factors including changes in public expectations and other changes to business conditions; the timing, quantum and nature of divestments; the receipt of relevant third-party and/or regulatory approvals; future levels of industry product supply; demand and pricing; operational problems; regulatory or legal actions; economic and nancial conditions generally or in various countries and regions; political stability and economic growth in relevant areas of the world; changes in laws and governmental regulations; exchange rate uctuations; development and use of new technology; the success or otherwise of partnering; the actions of competitors, trading partners and others; natural disasters and adverse weather conditions; wars and acts of terrorism, cyber-attacks or sabotage; and other factors discussed under “Principal risks and uncertainties” in the results announcement for the period ended 30 June 2017 and “Risk factors” in our Annual Report and Form 20-F 2016.

Further information In order to utilize the 'safe harbor' www.energyoutlook.net

Corporate Update

Vikram Solar's Rooftop Solar Solutions aids SBI Patna to join the clean energy drive Vikram Solar, one of India's leading module manufacturer and a prominent rooftop solar & EPC solutions provider, successfully installed a 100KW rooftop Solar PV system at SBI's Local Head Oﬃce in Patna. Spread across 2 buildings, the PV system is set to produce around 146000 kwh/annum. Neha Agrawal, Corporate Strategy – Head, Vikram Solar, shared on the occasion, “At Vikram Solar, we remain committed to our objective of encouraging and protecting utilization

of natural resources of energy. We are glad to be able to associate with SBI, one of the India's leading Financial Institutions and help them switch to green energy. As it is, we promote new, clean and cost-eﬀective power generation and implementation of better technologies.” She further added, “Vikram Solar has a prestigious rooftop project portfolio of 39 MW, including executed and ongoing projects. We have completed over 180 solar rooftop projects till now and our major under execution project include- ISRO (3000kW), SL Group (1300kW), KBL (1500kW), and WBPDCL (3044kW). Successful installation of 100KW rooftop Solar PV system at SBI's Local Head Oﬃce

in Patna is another feather in our cap.” Sashi Bhushan, Incharge Electrical SBI Patna LHO shared, “We are happy with our 100KWp Solar Project. We are also quite proud to be part of the clean energy drive by converting a portion of our electric consumption from conventional sources to solar energy. e PV systems will power the bank building, along with the a d m i n i s t r a t i v e b u i l d i n g .” In addition to providing the PV systems, Vikram Solar Limited will further provide Operations and Maintenance (O&M) ser vices, ensuring consistent performance through decades to come.

Adobe Bengaluru Campus ful lls 100% of its Power Demand rough Renewable Energy A d o b e I n d i a announced that its Bengaluru campus has become among the rst in the state of Karnataka to meet 100 percent of its power consumption requirements through renewable energy. As part of this initiative, Adobe has signed a 2.5 MW grid-scale solar power purchase agreement (PPA) with CleanMax Solar to operate oﬀ-site solar farms located in the Tumkur and Bellary districts of Karnataka. Covering the company's Bengaluru campus' annual energy demand, the farms will generate 3750 MWh of solar power supply per year, which will go directly into the electricity distribution grid and become a part of the pool of energy that ultimately provides power across Bengaluru and other parts of the state.

Sanjeev Sethi, Director, Global Workplace Solutions, Adobe India said, “At Adobe India, we stand committed to building workplaces that are resource-eﬃcient and environment-conservative. Today, we are excited to further our commitment to sustainability by announcing that our Bengaluru campus now meets 100 percent of its power consumption requirements through renewable energy. e solar power generated from this initiative will contribute towards cleaning up local air and lowering emissions in the environment where our employees live and we do business. With this initiative, we at Adobe are happy to play a role in ensuring that the city of Bengaluru and the state of Karnataka burn less coal for their local power needs, and enabling India's goal of transitioning to renewable energy.”

Commenting on the announcement,

With over 5,200 employees in India,

21 | Energy Outlook | January 2018

Adobe has implemented a wide range of activities to further its sustainability charter. e company's three campuses across Bengaluru and Noida have been certi ed as 'Gold' Leadership in Energy & Environmental Design (LEED) buildings by U.S. Green Building Council. To ensure environment-friendly transportation facilities for employees, Adobe has also implemented green eet of electric cars across its campuses. e company has also adopted several green practices across its campuses including implementation of LED lighting, use of reusable beverage cups, and following a waste reduction policy. Adobe's sustainability practices have helped the company reduce water and power consumption year on year, despite fast expanding operations in India and steady growth in employee headcount.

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Interview

Energy Outlook Exclusive Conversation with Dr. Gundu Sabde, CMD RelyOn Solar

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EO: Leading Company in India's Solar Power Sector, 2000 + Installations, Over 50 patents, Almost Pan India Coverage, All this in just 7 years, exactly how does it feel? Dr. Gundu: We anticipated that solar sector will grow at a fast pace, in reality, the pace is even greater than our anticipation since solar power is slated to become one of the cheapest power sources across the world. We started in distributed solar power generation with a small oﬃce in Pune with only 4 employees and we have now grown to 162 employed across 16 states. Going forward we are preparing for upcoming accelerated growth in both products and projects. With the launch of multiple indigenous products, single axis row tracker, RelyOn SCADA, and DC water pump our vision is to contribute to make in India and reduce the import.

Solar Car Park supported by our knowledge of solar PV and the eld data. We have installed solar rooftops with 3degree tilt - to leverage available area in case of space limitation, and an installation on north sloping roofthereby doubling the capacity with a marginal drop in the generation. We also have leakage proof solar roof systems for clients who have space/land

constraints or if want to utilize the roof space for canteen or storage etc. and for clients who have open parking space, we have customised solar car park which also functions as a shed for the cars. We oﬀer the feature of reverse power control in all our systems. Historically, there was no net metering so there was a backdrop to the solar power system that the excess load will ow to the grid and then the client will be held payable for reverse power supply to the grid.We have developed linear output power control so the customer gets 100 % bene t to the extent of its load. Even if the net metering facility is available there a 3-month gap is between commissioning and providing net metering. So during this time, our

EO: As per our understanding, RelyOn Solar Customises Solutions for diﬀerent Applications, please brief on the oﬀered solutions. Dr. Gundu: Every rooftop is unique and hence every installation is unique. rough our customised design we bring maximum bene ts to the customers. We study customer needs(not wants ) and develop c u s t o m i s e d d e s i g n s w h i c h a re 22 | Energy Outlook | January 2018

Leakage Proof Solar Roof

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system is capable to protect reverse power ow onto the grid. EO: 50 Patents means lots of R&D. How important is this in Solar Power Sector? Dr. Gundu: Technology will play a very important role especially when we want solar to contribute more than 20% of total power supply in the country. We have to strive to make solar energy an assured and rm power source with 24 hours usage then only, renewable can replace coal and other conventional power generation sources. is is a very challenging problem to solve and it will require a lot of focus on development and implementation of new technologies. RelyOn Solar with its R&D focused approach will be striving to contribute and meet the challenge. EO: Indian is witnessing World's Largest Renewable Energy Expansion Program by Ministry of New and Renewable Energy of 175 GW by 2022. What do you have to say about this? Dr. Gundu: Practically, 175 GW is a hefty target but momentum is building and expansion is happening at the rapid pace. 60 GW of groundmounted solar should happen by 2022 however, there is a challenge to achieve 40GW in rooftop solar since we are currently at less than 2 GW cumulative capacity. Eventually, the rooftop program will accelerate but it will take

Chennai International Airport

longer than 2022 to achieve 40GW. EO: What is expected from India in terms of overall generation of Solar Power by 2020? Dr. Gundu: As of today, solar contributes approx 2.5% of total electricity demand. is percentage will grow to about 6-7% by 2020 and India will plausibly decide not put any more thermal power plants. is will be a great feat as solar will replace one of the convention power sources and help avoid a lot of greenhouse emissions. EO: 1.5 MW Roof Top Solar Power Plant installed at Chennai International Airport contributing 20 percent of total power requirement by Airport Authority of India under Centre's initiative to solarize all airports in the country. Please share about that project. Dr. Gundu: is is second largest solar rooftop power plant installation

among all airport projects and we are experiencing very good generation from this plant. After monitoring and analysing 2 years of generation data from this plant airport authority is planning to accelerate their airport solarisation program and increase the percentage of solar power to up to 50% in some airports. EO: How can government promote Solar? Dr. Gundu: At this point government need to promote domestic manufacturing of all solar components. e import content is very high currently and there is huge opportunity to create even more jobs if the focus is given on promoting domestic manufacturing. e government should also take initiatives to accelerate advanced energy storage integration with solar making it more reliable and an assured source of power. EO: Please brief us about International

We are a technology company based on continuous innovation to bring new and innovative technologies in the industry, to enable large-scale adaptation of solar. Solar is no longer alternate energy anymore. It's rapidly gaining acceptance across the world as a sustainable solution for our energy needs. At RelyOn it's a strong belief system that drives the company to set the bars higher. e company has developed a strong research culture and is at the forefront of transforming the country's energy landscape to make it self-reliant and eco-friendly. From steering the industry through customised solutions (structure and design excellence), remote controlling and monitoring service, automated panel cleaning, developing our in-house single axis tracker, SCADA and advanced battery pack lithium ion integration for oﬀ-grid systems, we continue to be the driver of Innovation in the solar industry. Our EPC services are also known for innovative customised customer-centric solutions. Our installations are known for highest power generation per kWp basis and our leakage proof solar solutions create space rather than consuming space. We made solar system work when there was no net metering through reverse power control and DG synchronisation. Our Petrol pump applications that we have developer has resulted in 700+ application across the country and we are one of the few companies two are working on the 24-hour solution with solar power. At present we have over 2000 + installations across 16 states and we operate across utility-scale plants to rooftop installations, complete systems, component design, structure design, generation consultancy, maintenance of power systems and everything associated with Solar Power generation.

23 | Energy Outlook | January 2018

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Projects and future projects in pipeline. Dr. Gundu: We are seeing a lot of interest in RelyOn solar trackers both in domestic and international market. With increasing panel prices as well as well as 5% GST on solar panels, trackers have become a very viable option to reduce levelised cost of electricity. Adaption of trackers is steadily increasing in ground-mounted projects.In case of rooftops solar, the recent tariﬀ increases by state DISCOMs has helped to improve the viability and faster adaption. Internationally we are present in the Middle East and we are exploring the African market. In 2016 we commissioned 220kW rooftop solar project with large-scale Li-Ion Battery Storage( 600 kWh) for a factory in Ajman which had no grid availability. e system is capable of providing an

International Projects - Ajman, United Arab Emirates 8-hour backup to run the plant and has a customised DG and solar synchronization system with feature of charging the batteries through DG in case Solar is not available.is project was awarded best rooftop project of the year 2016 by Middle East Solar Industry Association (MESIA).

Dr. Gundu: Integration of multiple renewable energy sources including solar is the key towards achieving assured 24 hours renewable supply of energy and for this to happen the sector needs a lot more technology development.

EO: Your last comments on Solar Technology.

Solar Energy Wind Energy Hydro Energy Geo Energy Bio Energy RelyOn solar Single Axis tracker

Dr.Gundu M Sabde PhD in chemical engineering from Clarkson University, New York,USA M. Tech., IIT Bombay Bachelor of Chemical Engineering,UDCT, Mumbai CMD RelyOn Solar Director- Sileaf & PhotoVolt Solar Contracting LLC Ÿ 20+ years of global experience in solar and related technologies Ÿ Twenty years of experience in reputed MNCs managing technology development and implementation Ÿ CTO – 3M Corporation USA – Solar Division Ÿ Technology Director Micron Technologies (Semiconductor Chip Company – 20% Global Share) Ÿ 29 patents – Key Silicon Processes, in Film Semiconductors, etc. Ÿ Featured in Solar Quarter's “100 Most Powerful Leaders In e Solar Industry” Ÿ Invited speaker to conferences, universities and industry forums

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24 | Energy Outlook | January 2018

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Article

Goldi Green aims to scale up its manufacturing capacity to 1GW by next year

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With an increase in PV module manufacturing capacity to 500MW, subsequently Goldi Green aims to scale it up to 1GW by next year. e Introduction of Latest Products Ÿ Ÿ

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Ÿ Ÿ Ÿ

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5BB modules with PERC cell technology Twin Peak modules Split Junction box modules 1500 System Voltage modules White EVA Glass to Glass modules Transparent EVA Glass to Glass modules Bi-facial modules Light Weight (2mm & 2.5 mm glass) modules. Featured Product

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Highlighted here is a brief introduction of Goldi 72 series 5 Bus Bar PERC cell technology Poly Crystalline modules. Offering a range from 330Wp to 345Wp, this module offers a conversion efficiency of up to 17.83%, bene tting from Passivated Emitter Rear Contact (PERC) technology. e 5 bus bar solar cells offer guaranteed performance with minimal power loss due to improved temperature co-efficient. 26 | Energy Outlook | January 2018

Technology Speci cations: PERC or Passivated Emitter Rear Contact technology refers to the dielectric layer on the back of a PERC solar cell. is layer on the back of the solar cell helps to re ect light that passed through the cell, back into the cell so it can generate more electrons. is is also known as backside passivation. Hence, light which passes through the cell without being absorbed is again re ected back by the rear passivation for the second absorption attempt, thereby increasing eﬃciency. Bene ts: Goldi Green PERC panels have a higher energy density per square foot and perform well under low-light conditions and high temperatures. Designers can utilize fewer panels to accomplish total output goals where footprint is limited, or they can dramatically maximize energy output if space is not a premium. is empowers designers to be more exible and responsive to project objectives. Technology Advancements Keeping ahead of the technology curve, Goldi Green has launched the following new products for which we

would like to highlight a few features in brief.

Goldi 5BB 1500 System Voltage Module Goldi 5BB 1500 System Voltage modules lead to longer string length and thereby use fewer components as compared to conventional power plants, thus decreasing BOS costs. Goldi Bi-facial cell modules Goldi Bi-facial modules have the advantage of producing more energy by using re ective incidental light from the rear along with light from the front of the module. Goldi Split JB module e Goldi Split Junction Box layout design enables for a higher energy yield while reducing heat and increasing panel reliability. Also results in reduction of cable length high ll factor & four times lower power loss in complete module. Goldi Twin Peak module (Half cut cells) e half cut cell design in Goldi Twin Peak module results in reduction of resistance and adds an overall around 4Wp per panel extra power output www.energyoutlook.net

along with improved performance in partial shade conditions. Goldi White EVA & Transparent EVA Glass to Glass module e Goldi White EVA & Transparent EVA Glass to Glass module eliminates PID due to frameless design, with no grounding required and is free of snail trails. e frameless design also reduces O&M cost due to less dust and snow accumulation. Goldi Light Weight module (2mm & 2.5mm glass) Reduced thickness of glass in Goldi Light Weight modules results in low weight of modules, very much suitable for roof tops. Eliminates need for expensive structural reinforcements. Derives higher panel eﬃciency due to lesser absorption and higher irradiance reaching the cells, Uniform and better heat dissipation from glass results in lower temperature of module leading to higher yield. Applications On-grid large scale utility systems Ÿ On-grid & oﬀ-grid residential systems Ÿ On grid commercial / industrial roof tops and solar pumping systems Ÿ

Apart from the above, application of Bi-Facial cell modules and Glass to Glass modules are ideal for BIPV, carport, oating PV, Snow or desert environments etc.

GOLDI 72 - PERC - 5BB Polycrystalline module

Goldi Green Technologies Pvt. Ltd. an ISO 9001:2015, ISO 14001:2015 and OHSAS 18001:2007 certi ed and the rst Indian company to be independently audited by SOLARBUYER, U.S.A. is one of the leading solar PV module manufacturing companies. Goldi Green manufactures modules up to the range of 365Wp using Poly and Mono crystalline solar cells in an air-conditioned and state-of-the art, dust free facility. With an increase of PV module manufacturing capacity to 500MW, subsequently Goldi Green aims to scale it up to 1GW by next year. Besides being tested by third parties (SGS-TUV-SAAR) & (UL), Goldi Green modules are also integrated for reliability testing as part of the design process, and the test results are used to ne- tune module quality during mass production. With an inhouse team of engineers, Goldi Green guarantees clean and professional installations in record time with rated output along with round the year remote monitoring of our plants. Besides being one of the very few companies globally hving a 4mm glass certi cation, Goldi Green is also a rapidly growing EPC company with installations PAN India.

27 | Energy Outlook | January 2018

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Corporate Update

Ecoppia Completes $13 Million Funding Round, Shows Over 1600% Growth in Revenues Ecoppia, the pioneer of robotic technology for the solar industry, will leverage the round to meet sharp product demand in large scale projects, push geographical expansion, and introduce new products. Ecoppia, the world-leading developer of automatic, water-free, cloud-based photovoltaic solar panel cleaning solutions, announced today the completion of a $13 million round of funding, led by both existing investors – Swarth Group, GlenRock and Gandyr, and Israel's largest insurance group, Harel Group Insurance and Finance. Solar Energy Wind Energy Hydro Energy Geo Energy Bio Energy

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Ecoppia's solutions gained unparalleled experience cleaning over 200 million solar panels worldwide working with some of the largest energy players in the world including Engie Group, EDF, NTPC, Actis Group, Adani Power, SunEdison/Terraform and more. e Company's pipeline is expected to top 2GW in 2018. Ecoppia solves the challenge of solar panel soiling - one of the greatest impediments to solar energy production that can dramatically reduce energy output. Cloud-based and connected, Ecoppia cleaning robots use a patented waterfree cleaning process to remove 99% of dust daily, utilizing advanced data analysis and machine learning for a unique performance and maintenance optimization. e closure of this most recent round of funding came on the heels of Ecoppia's ranking in the top ten of Deloitte's 2017 Technology Fast 50. With a growth rate of over 1600% in the past four years, Ecoppia is currently the fastest growing cleantech company 28 | Energy Outlook | January 2018

in Israel. "We are thrilled to lead this round of investment,” Harel Insurance & Finance Group commented. “Ecoppia is a game changer. ey've successfully identi ed a critical need in the solar industry and created a reliable and cost-eﬀective solution that contributes to lowering LCOE worldwide," they concluded. “e addition of Harel Group to the company's investors cement Ecoppia's market position as the only viable solution for large-scale solar projects,” noted Eran Meller, CEO and Cofounder of Ecoppia. "Making it on the Technology Fast 50 shows a deep understanding of the market," Said Mr. Shally Tshuva, Te c h n o l o g y, M e d i a & Telecommunications Industry Leader at Deloitte Israel. "Presenting such growth rates shows that Ecoppia has attained the agility needed to prosper in a challenging and dynamic market,” he noted. About Harel Insurance & Finance Group

Harel Insurance and Finance Group is Israel's largest insurance and nancial group. Harel Group is Israel's largest and most dominant in the eld of health insurance. Harel Group assets under management, in insurance, pension funds, provident funds,

mutual funds and nancial services, as of September 30, 2017, totaled over NIS 203.5 billion. About the Deloitte Technology Fast 50

Deloitte's Technology Fast 50 provides a ranking of the fastest-growing technology companies including hardware, software, communications, media life sciences or clean tech – both public and private – in Israel. Technology Fast 50 award winners must be headquartered in Israel and are selected based on their growth percentage over the last four years. About Ecoppia Ecoppia designs and produces innovative photovoltaic panel cleaning solutions to cost-eﬀectively maximize the performance of utility-scale installations. e company's waterfree, automated technology removes dust from panels on a daily basis to ensure peak output, even in the toughest desert conditions. Supported by a robust control unit, systems can be remotely programmed and managed to minimize O&M costs. Ecoppia is a privately held organization, backed by prominent and experienced international investment funds and led by a team of energy and robotics experts.

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Wind Energy

29 | Energy Outlook | January 2018

Suzlon Group & Associates Collaborate for the First Oﬀshore Met Station

Vestas wins largest order to date in India with 250 MW turnkey order from country's First energy auction

6 Companies to Supply 500MW Wind Power

Suzlon Chief Takes Over as Head of Indian Wind Turbine Manufacturers Association

5 GW oﬀshore Wind Power set to be auctioned in 2018

Guidelines issued for procurement of wind power through tariﬀ based competitive bidding process

Orient Green Power sells biomass units; sees the wind turning

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Corporate Update

POWERING A GREENER TOMORROW

Suzlon Group & Associates Collaborate for the First Oﬀshore Met Station Solar Energy Wind Energy Hydro Energy Geo Energy Bio Energy

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“Suzlon Group is now aiming to collaborate with its associates to commission their rst offshore meteorological station 16 kilometres off the coast of Jakhau in the Kutch region of Gujarat.” ey have clinched an auction commissioned by Gujarat Urja Vikas Nigam. e Suzlon Group is the nation's biggest renewable energy conglomerate that provides energy solution to a wide array of customers. e Group is already an active player with regard to offshore wind energy technology. Already, a technocommercial feasibility study has been initiated. Suzlon and its associates, under the crucial guidance from National Institute of Ocean Technology (NIOT) Chennai and also the approvals through National Institute of Wind Energy (NIWE) of Chennai, have installed the rst Operational Offshore LiDAR (Light Detection and Ranging)-based wind measurement station in the Arabian Sea, south west of Jakhau port in Kutch region of Gujarat. is met station is expected to collect data straight for a period of two years running. 30 | Energy Outlook | January 2018

e planned oﬀshore meteorological station is to be powered by harvesting solar energy by on board solar panels. Suzlon Group has recently forayed into the wind energy domain only recently. e Suzlon Group will foray into the marine boundaries at a time when this technology is still in its infancy. is way the Group will become one of the earliest exponents of wind energy in India. “is met station will collect oﬀshore wind data will be installed at a depth of around 11 metres on the tidal Chart Datum of the Gujarat's shore. is Chart Datum is maintained by Gujarat Maritime Board (GMB) which has also determined the tidal range to be 4 metres.” e support platform is to be located at a height of about 14 metres above the water level of the Arabian Sea. Valuable insights regarding sea properties during various times of the year, navigation routes and the permissions or facilitation of various administrative services are also provided by the Gujarat Maritime Board (GMB).

wind energy has become the most economical and affordable type of energy in India. So, the cost factors to be borne by the key players need to be low at the input end. J.P. Chalasani, Group CEO, Suzlon Group has said, “Given India's coastline of 7,600 kms, the country has enormous potential for offshore wind energy and it can potentially repeat the success achieved i n o n s h o r e w i n d e n e r g y.  e government's plan to auction 5 gigawatt (GW) offshore wind power capacities next year is a progressive move and will help the industry achieve the target of having 175 GW renewable energy capacity by 2022.Having pioneered the wind industry in India, it is indeed a proud moment for us to commission our rst Operational Offshore Met Station. e installation of the offshore wind met station will aid in better assessment of offshore wind and will lead the way in harnessing India's vast offshore wind energy potential.” e Suzlon Group is one of the leading renewable energy solutions providers in the world with an international presence across 18 countries in Asia, Australia, Europe, Africa and North and South America.

Also, as the things have come out to be, www.energyoutlook.net

Corporate Update

Vestas wins largest order to date in India with 250 MW turnkey order from country's rst energy auction e immense experience of Vestas, the Si n g a p o re a n re n e w a b l e e n e r g y conglomerate, acted as a credible credential to help it land itself a turnkey order in India's rst wind power auction. e Company already has a vast experience of 4 GW in its kitty of almost 100 such orders obtained globally as an old player in the eld of rene wable energy. e auction proceedings held by Gujarat Urja Vikas Nigam took place during February 2017 in India. is 250 MW turnkey order allotment to Vestas follows another order of 100 MW secured in India earlier in 2017, taking the extent of Vestas' Indian energy market involvement to more than 480 MW in 2017. is order to be undertook in the Kutch district of Gujarat state involves the procedures of delivery, installation and commissioning of 125 V110-2.0

MW turbines along with the pilot project's civil and electrical works. Vestas are also obligated to then service the turbines under a full-scope 10-year Active Output Management 4000 (AOM 4000) service agreement as well as a Vestas Online Business SCADA solution. e turbines are expected to get commissioned by the third quarter of 2018. Indian company Ostro Energy Private Limited will be getting into a partnership with Vestas for delivering a world class project. “We are pleased to announce our partnership with Vestas to execute this prestigious 250 MW auction project (SECI-I, ISTS-connected). We are con dent that Vestas will deliver a world class project rmly putting Ostro past the 1 GW capacity milestones,” said Ranjit Gupta who's the CEO of Ostro Energy Private Limited.

Vestas Asia Paci c also expressed its excitement about the Indian project which is a responsibility of the Company. “With another turnkey project in India, we underline the broad range of capabilities we oﬀer our Indian customers to be successful in auctions. Our extensive experience from more than 100 turnkey projects across the globe has been key in securing this order, marking a major milestone as our largest project in India since pioneering the country's wind energy market in 1986,” said Clive Turton, President of Vestas Asia Paci c. is wind park is able to produce enough power to cover the annual electricity consumption of around 5.7 million urban electricity consumer households in India.

Vestas is the energy industry's global partner on sustainable energy solutions. We design, manufacture, install, and service wind turbines across the globe, and with 87 GW of wind turbines in 76 countries, we have installed more wind power than anyone else. rough our industry-leading smart data capabilities and unparalleled more than 73 GW of wind turbines under service, we use data to interpret, forecast, and exploit wind resources and deliver best-in-class wind power solutions. Together with our customers, Vestas' more than 22,700 employees are bringing the world sustainable energy solutions to power a bright future.

31 | Energy Outlook | January 2018

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News

6 Companies to Supply 500MW Wind Power Six companies on 21st of December 2017 won bids to supply 500MW of wind power to the Gujarat Urja Vikas Nigam Limited (GUVNL). Interestingly, the reverse auction held in Ahmedabad city with the proceedings being time and again impeded due to various delays still reached the nation's lowest wind tariﬀ of Rs. 2.43 per kilowatt hour (kWh).

Solar Energy

e bidders who need to be mentioned for their success in the reverse bidding include Sprng Energy Private Limited, K P E n e r g y L i m i t e d , Ve r d a n t Renewables Private Limited, Betam Wind Energy Private Limited, Powerica Limited and Renew Power Ventures Limited. e two companies that were the L1 (lowest) bidders were

KP Energy Limited and even Sprng Energy Private Limited by quoting Rs. 2.43 per unit (Rs. 2.43/kWh) tariff for supplying 30 MW and 197.50 MW respectively and is currently the lowest ever wind energy tariff in the nation for wind-generated electricity in the nation. ree of them, namely,Verdant Renewables, Betam Wind Energy and Powerica quoted Rs. 2.44 per unit tariff for the supply of 100 MW, 29.90 MW and 50 MW, respectively. Of the remaining 92MW requirement, 75MW has been reserved for PSUs who agree to supply at the rate quoted by L1 bidders. Otherwise, the entire 92 MW will go to ReNew Power, which has quoted Rs 2.45 per unit, said the sources in Gujarat Urja Vikas Nigam

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Around 18 wind power developers were in the skirmish to bid the lowest who aimed some portion each of the 500 MW wind power requirement oated in June 2017 by GUVNL. e auction was deferred a number of t i m e s a s In d i a n Wi n d E n e r g y Association (IWEA) rst approached the Gujarat state High Court and then even the Supreme Court aiming to secure a stay on the reverse bidding process on the ground that the Central Government had only issued the draft for guidelines governing such wind energy auctions but it had not nalized any actual guidelines. “e SC in its hearing on December 4 did not stay the auction. e bidding was conducted on December 21 considering the electoral code of conduct in the wake of assembly elections in the state,” sources knowledgeable about the development said. is decision was invariably welcomed by all the eminent exponents in the concerned eld of wind power because there is a realization of the imminent depletion of crude oil and coal.

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Limited.

Suzlon Chief Takes Over as Head of Indian Wind Turbine Manufacturers Association “On January 11 in Chennai, Mr Tulsi Tanti, renowned Chairman and Managing Director of wind turbine manufacturing company Suzlon Energy, has been instated as the new President of the Indian Wind Turbine Manufacturers' Association. Mr Tanti took over from Mr Sarvesh Kumar, Chief Operating Oﬃcer of RRB Ltd, another wind turbine company, at a meeting of the association that was held here recently.” 32 | Energy Outlook | January 2018

Mr Tanti took over the reins of the industry's biggest association now at a time when the wind sector is foreseeing a major facelift. Until early 2017, the price at which wind energy companies sold electricity to utilities used to be xed by the respective state electricity regulator. In February 2017, the country's rst wind auctions that took place in New Delhi, the energy companies who agreed to sell for less than the state electricity regulator price got to sign long term power purchase

agreements. A de nite increase in the number of installations is expected to happen in 2018-19, as the capacities which were already auctioned would be set up during that time period, and more auctions will take place simultaneously. e wind energy industry sources expect fresh capacity additions of 3,000 MW during the year.

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News

5 GW offshore Wind Power set to be auctioned in 2018 In 2018, the Government of India is going to conduct an auction of contracts for the production of 5 GW offshore wind power. is bidding process is going to be the rst ever such a process concerning wind power. “Mr. R. K. Singh, the Minister for Power and New & Renewable Energy told the nation on the 14th of December in 2017 that the government plans to auction in 2018 the contracts for the offshore production of up to 5 gigawatt (GW) of wind power.” e Minister exuded con dence in the national ability as he enthused, “We would not only achieve the target of having 175 GW renewable energy capacity by 2022 but would surpass that and have at least 200 GW by then." Giving that statement, the Minister for

Power and New & Renewable Energy was addressing the 27 th National Energy Conservation Day function held in New Delhi.

recognize the private entities actively involved in the progressive eﬀorts of renewable power generation.

Mr. R. K. Singh also said that, eventually, India's installed power generation capacity will be 1000 MW.

“As of now, India's total Power Generation Capacity is 330 GW which includes 60 GW capacity from the renewable sources.”

“Also during the same function, under the National Energy Conservation Awards, the President of India, Mr. Ramnath Kovind gave away the tokens of recognition to the companies that have demonstrated signi cant reduction in their energy usage.”

About energy conservation, the Minister for Power and New & Renewable Energy had also informed the nation that in the Cycle-I of PAT (Perform Achieve Trade), India had missed out 6 GW capacity due to bad energy eﬃciency.

e Energy Conservation Day is organized on the 14th of December each year by Bureau of Energy Eﬃciency (BEE), which comes under the jurisdiction of the Ministry of Power, Government of India. e main motive of organizing such a day is to

It is worth knowing that the PAT is a market-based trading scheme under the ambitious National Mission on Enhanced Energy Eﬃciency (NMEEE) which comes under the National Action Plan on Climate Change (NAPCC).

Guidelines issued for procurement of wind power through tariﬀ based competitive bidding process Government has issued Guidelines under Section 63 of the Electricity Act, 2003 providing a framework for procurement of wind power through a transparent process of bidding including standardisation of the process and de ning of roles and responsibilities of various stakeholders. ese Guidelines aim to enable the Distribution Licensees to procure wind power at competitive rates in a cost eﬀective manner 2. e Guidelines are applicable for procurement of wind power from gridconnected Wind Power Projects ('WPP') having(a) Individual size of 5 MW and above

at one site with minimum bid capacity of 25 MW for intra-state projects; and (b) Individual size of 50 MW and above at one site with minimum bid capacity of 50 MW for inter-state projects. 3. Key components the Guidelines include that for compensation for grid unavailability and backing-down, robust payment security mechanism, standardisation of bidding process, risk-sharing framework between various stakeholders through provisions like change in law, force majeure, measures in case of default of procurer as also by generator, etc. 4. ese Guidelines will give boost to

the wind power sector as it would facilitate the windy States to go for bidding process for procurement of w i n d p owe r t h e m s e l ve s . A f t e r transition of tariff regime from feed in tariffs to bidding route, it was mainly central government bids through SECI which were helping the sector. State bids from Tamil Nadu and Gujarat had objections from the wind sector in absence of guidelines. 5. In view of very competitive tariffs of Rs. 2.64 per unit discovered through SECI's second bid, the availability of these guidelines for states, the wind power sector is poised for a strong growth path towards achievement of 60 GW by 2022. Details can be checked on: https://goo.gl/kNB7pb

33 | Energy Outlook | January 2018

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Corporate Update

Orient Green Power sells biomass units; sees the wind turning

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Orient Green Power Co, the renewable arm of the Shriram Group, said it has sold much of it biomass power generation business to a unit of its promoter and that its wind power business is bene ting from higher oﬀtake by the Tamil Nadu power distribution company.

“In Tamil Nadu, where 72% of OGPL capacity is located, initiatives by distribution company TANGEDCO to improve grid infrastructure have resulted in increased evacuation of power enabling the company to monetize over 95% of the wind power that it generates,” it said.

e company had around 96 megawatts (MW) of biomass power generation capacity, out of which 30 MW was already sold, and another 68 MW is being sold to entities owned by its promoter Shriram Group.

e MD said the 'operating environment' for wind power facilities has improved in Tamil Nadu, and the company's wind power business is “now delivering EBITDA that is re ective of its potential”.

“Divestment of the Biomass business has been substantially completed with the transfer of 8 biomass units on December 31, 2017. Sale of the remaining units, which is in progress, is expected to be concluded over the next 2 quarters following which OGPL will emerge as a pure wind energy company,” S. Venkatachalam, MD, Orient Green Power said.

e company is trying to turn its business around after high nance costs and poor performance its biomass business dragged its performance in recent quarters. For the rst half of the current nancial year, the company was able to improve its pretax pro t to 16% of revenue from 5% in the previous year.

OGPL will receive a consideration of Rs 80 crores, while Rs 193 crores of debt will be taken over by the buyer.

e sale of renewable energy certi cates too has picked up pace, Venkatachalam added.

“Overall debts that will go out of the OGPL books will be around Rs.330 crores. Accumulated losses of the Biomass business will be written back enhancing its net worth,” the company said.

Renewable Energy Certi cates (RECs) are proof that energy has been generated from renewable sources such as solar or wind power. Each REC represents the environmental bene ts of 1MWh of renewable energy generation, and helps corporations meet their regulatory requirement.

e company's stock has gained around 50% in recent trading sessions due to comments made by the management on the sale.

e trading of Renewable Energy

certi cates has been marginally higher in H1 FY18 as compared to H1 FY17, Orient Green Power said. “December 2017 had a record average trading of almost 50% compared to averages of 6-7% each month over the last few years. As a result, OGPL was able to liquidate in 9 months around 379,000 RECs fetching Rs.37 crore cash realization with Rs.18 crore retained by CERC pending court order,” the company said. “Orient Green Power now has an REC inventory of around 239,000 certi cates.” anks to re nancing eﬀorts, it was able to reduce interest costs from Rs 286 crore in FY15 to Rs. 267 crore in FY17. “It is set to further reduce to Rs. 242 crore (annualized) in FY18,” the company said. “e company is poised to achieve further reduction in nance costs by about Rs. 35-40 crore in FY19 on the back of transfer of 193 crore of biomass debt along with the assets on Dec 31, 2017; re nancing of one tranche of high cost debt of Rs. 100 crore in Oct, 2017 from 18% per year to 12.75% p.a. resulting in an annual saving of over Rs. 5 crore and healthy intent indicated by nancial institutions to re nance the tranche of Rs. 765 crore of debt which was re nanced under the 5/25 scheme,” it added.

Winds of Change e company plans to move to a windonly player. It has 425 megawatts of wind power capacity, out of which 308 MW is located in Tamil Nadu.

34 | Energy Outlook | January 2018

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Hydro Energy 36

Loan Agreement signed for Pare Hydroelectric Plant to aid socio-economic development of the North Eastern Region

Power Restored by BC Hydro in Canada after Ice Storms

Shri Nand Lal Sharma Appointed Chairman & Managing Director, SJVN

NTPC Registers Highest Quarterly Generation with Double-Digit Growth

Backed by Tata Group, Resurgent Power is the Frontrunners in the Auction of Jaypee Power Ventures

NHPC Awarded CBIP Award for Best Project Developer in Hydro Sector

Geo Energy

35 | Energy Outlook | January 2018

India's Geothermal Energy Aspirations

Slovakian Geothermal Energy Dreams

2018: Turkish Geothermal Industry Will Receive A Billion Dollars' Investment

Chinese Firm To Build Kenyan Geothermal Plant

î &#x201C;e Middle-East Asia Explores Solar & Geothermal Linked Desalination

www.energyoutlook.net

Government Update

L o a n A g r e e m e n t s i g n e d f o r Pa r e Hydroelectric Plant to aid socio-economic development of the North Eastern Region Eastern Region. e purpose of the project is eﬃcient and ecological friendly generation of electric power. is will contribute to the economic eﬃcient generation of power, growth in the Nor th East region and protection of global climate. Shri A.G.West Kharkongor has assumed charge as CMD, NEEPCO

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A Loan agreement and a Guarantee agreement for providing additional funding of Euro 20 million was signed t o d a y f o r t h e p ro j e c t ' Pa re Hydroelectric Plant' under IndoGerman Bilateral Development Cooperation. e Loan agreement for the project was signed by Sh. A.G. West Kharkongor, Chairman and Managing Director, North Eastern Electric Power Corporation Limited (NEEPCO) and Mr. Christoph Kessler, Director, KFW while the Guarantee Agreement was signed by Sh. S. Selvakumar, Joint Secretary, DEA and Mr. Christoph Kessler, Director, KFW in the presence of H.E. Dr. Martin Ney, Ambassador of Federal Republic of Germany to India. It may be recalled that in 2008, Germany had signed a loan agreement with North Eastern Electric Power

36 | Energy Outlook | January 2018

Corporation Limited (NEEPCO) for providing Euro 80 million with Government of India's Guarantee for the project 'Pare Hydroelectric Plant' under IndoGerman Bilateral Development Cooperation. e broad objective of the project is generation of hydroelectric power for socioeconomic development of the North

Shri A.G.West Kharkongor has assumed charge as Chairman and Managing Director of North Eastern Electric Power Corporation Ltd (NEEPCO) on the 29th August 2016. Shri Kharkongor joined the Corporation in 1993 and was appointed Director (Finance) of NEEPCO w.e.f. 19-08-2010. An alumnus of IIT, Bombay as well as IIM, Calcutta, Shri Kharkongor is an experienced professional who has arranged the nancing of all the major projects of NEEPCO. He started his c a re e r w i t h Bh a r a t Pe t r o l e u m Corporation Ltd. He is a member of Finance Committee of the Tezpur University, Assam. He was also a Member (Finance) of Damodar Valley Corporation, Kolkata from April 2013 to October 2014. He is keenly involved in community and societal activities.

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Corporate Update

Power Restored by BC Hydro in Canada after Ice Storms restored for the around 86,000 customers by the eﬀorts of BC Hydro.”

Two ice storms that hit the Fraser Valley area located in the Rocky Mountains of the British Columbia territory of Canada. e state-owned BC Hydro is being instrumental in the restoration of power in the area after ice storms negatively aﬀected the power situation in the Valley. “As of December 30 in 2017, out of the more than 100,000 customers there had been 36,000 customers still without power even though power had been

Due to the aggravating weather scenario, the freezing rains add weight to the tree branches that often break down to damage the BC Hydro's power instalments across the Fraser Valley. Hostile conditions such as icy roads, poor visibility and falling trees have posed on of the hardest of challenges for the BC Hydro's maintenance crew involved in repair. e restoration eﬀorts had been continuing throughout the day as of the New Year eve and BC Hydro crews

brought in from Southern Interior & Va n c o u v e r h a d b e e n a c t i v e l y participating in the restoration work. e BC Hydro's crew had been receiving reports of downed power lines from across the region. In Canada, a downed power line is considered an emergency situation and members of the public are advised by the authorities that they should stay at least 10 metres back and call 911 immediately. BC Hydro crews had been working together with rst responders to make the area safe.

Shri Nand Lal Sharma Appointed Chairman & Managing Director, SJVN Director (Personnel) since 22nd March 2011.He succeeds Sh. R.N. Misra who superannuated on 30th November, 2017.” “Shri Nand Lal Sharma has been appointed Chairman & Managing Director of public sector SJVN Limited by Govt. of India. Prior to this Shri Sharma was holding the post of

37 | Energy Outlook | January 2018

Forestry, Solan, where he was Gold Medalist in 1985. He did his M.Sc. (Agricultural Economics) from H.P. Agricultural University, Palampur with Honours Certi cate in 1987 and completed his MBA from Faculty of Economics, University of Slovenia (Europe).

Shri Nand Lal Sharma joined SJVN in July 2008 as Executive Director (HR). Prior to joining SJVN, Sh. Sharma was an oﬃcer with coveted Himachal Pradesh Administrative Services. During his tenure in admicnistrative ser vices, he worked in various c a p a c i t i e s n a m e l y, A s s t t . Commissioner, Chamba, SDM, Arki, SDM, Barsar, Deputy Secretary to Chief Minister, Secretary, HPSEB, Land Acquisition Collector,Mandi and Shimla, Commissioner (Workmen Compensation), Special Secretary (GAD), Director,Ayurveda, & Special Secretary (Health) to the Govt. of Himachal Pradesh.

He has vast experience of 28 years in various personnel and administration functions. Under his leadership, Change Management and Strategic HR in SJVN have been exhibited through the implementation of various innovative HR strategies in SJVN including revisiting the vision, mission and objective of SJVN. He has played a crucial role in the best performance of the company and its remodeling of business plan.

After his initial education from Government Schools in District Bilaspur and Una, He earned his B.Sc. (Agriculture) from Dr. Y S Parmar University of Horticulture and

“As per his vision, the eﬀective implementation of Balanced Scorecard to achieve organizational targets has resulted in Excellent MOU rating for the past ve years.” www.energyoutlook.net

Corporate Update

NTPC Registers Highest Quarterly Generation with Double-Digit Growth during Q 3 of FY 2017-18 which is 10.39 % more than the generation of 61400 MUs recorded during the corresponding period of last year.”

“NTPC, the largest power generator of India, with installed capacity of 51383 MW, has recorded its highest ever quarterly generation of 67781 MUs

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NTPC has also achieved commercial declaration of 4415 MW capacity during the rst nine months of current year itself. In line with Govt. of India's thrust on

Renewable energy, the company is also increasing its green footprint and has already generated 912 Million Units from its solar and wind stations during the year which is around 3 times its renewable generation during corresponding period of last year. With more than 20 GW capacity under various phases of construction, NTPC is all set to continue energizing India's growth in the coming years.

Backed by Tata Group, Resurgent Power is the Frontrunners in the Auction of Jaypee Power Ventures “Tata-backed Resurgent Power, commercial help from ICICI bank as the Indian banking partner, Indian entities turn out to be the working owners of Jaypee Power Ventures. e auction of Jaypee Power Ventures was held in the middle of January 2018. FDI came in the monetary form from two Middle Eastern sovereign funds apart from the Canadian pension fund CDPQ. Jindal Group's JSW Power was another experienced contender that in the auction which had credible experience in the relevant eld.” In an interesting development on the 15 January 2018, with the support of Tata Group, Resurgent Power gets ready to take over Jaypee Power Ventures. is news item talks about the power assets of the Jaypee Group, the Resurgent Power which was the top bidder, other noteworthy bidders, Tata's share in Resurgent Power, the concerned liabilities of Jaypee Power 38 | Energy Outlook | January 2018

Ventures involved, the bene ts of the common citizens and how it is a positive thing. e Jayprakash Power Ventures, stylized as Jaypee Power Ventures, are an Indian power company that came into active function on 21 December 1994. Its power assets are located in Arunachal Pradesh, Madhya Pradesh, Uttar Pradesh and Uttarakhand. “e Resurgent Power are a company in which Tata Group are a 25% stakeholder, the ICICI bank are a 10% stakeholder and the remaining 65% is jointly owned by three foreign players which include two Middle Eastern sovereign funds – KIA: Kuwait Investment Authority & Oman State General Reserve – and the Canadian pension fund CDPQ.”

owned JSW Power. It is noteworthy that the Tata Group had bought a 25% stake in the Resurgent Power in December. e other experienced contender in this auction was the Jindal Group's JSW Power. But it was the Resurgent Power group backed by other sources including the Tata Group and ICICI bank which won the auction in straight bidding. “It is noteworthy that Jaypee Power Ventures have an installed capacity of 2200 MW which is fuelled by hydro and coal-power. Also, following debtrestructuring, the total loans of Jaypee Power Ventures stand at a staggering height of Rs. 12,000 crores.”

e other major contenders included the $250 billion worth Brook eld Asset Manager of Brazilian-Canadian descent apart from the Jindal groupwww.energyoutlook.net

News

India's Geothermal Energy Aspirations e Government of India on 9 June 2016 had proposed to harness 10,000 MW (10GW) of geothermal energy as a part of the larger aim to develop all forms of the renewable energy by 2030 active international collaboration with nations such as the United States of America, the Philippines, Mexico and New Zealand. e Indian government's ministry of new and renewable energy (MNRE) on 6 June released a, “draft Indian geothermal energy development framework” seeking comments from all stakeholders by 10 June.

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“e geothermal policy envisages to make a substantial contribution to India's long-term energy supply and reduce our national greenhouse gas emissions by developing a sustainable, safe, secure, socially and environmentally responsible geothermal energy industry, apart from creating new employment opportunities and leading to environmentally sustainable development by the means of deployment of 1,000 MW geothermal energy capacity in the initial phase till 2022 and 10,000 MW by 2030,” so read the draft of India's Geothermal

Energy policy unveiled at 9 June 2016. Geothermal energy is the heat absorbed from the sunlight and the Earth's own core stored in the Earth's topmost layer which is crust. is energy is already being used by the international communities for electricity generation. It is also being used for direct heat application internationally since the beginning of the 20th century. However, it is a site speci c renewable energy source that is speci cally suitable for catering to the energy needs of remote/interior locations. e total generation capacity for global geothermal power generation was estimated at almost 12.8 gigawatts (GW) till 2014. Before the Paris Climate Change summit in December 2015, the Indian government had announced the target of achieving 175 GW of renewable power generation by 2022 and 350 GW or around 40% of the nation's total installed power capacity through only renewable sources of energy by the year 2030. India is, however, still in the infancy of exploitation of geothermal energy,

primarily because coal is cheaper and simpler to obtain and use. But with increasing environmental problems associated with coal based projects, depleting coal reserves and skyrocketing prices, India now also looks to develop and use the clean and eco-friendly energy sources. e Government of India has been actively supporting research in geothermal energy for over two decades now. Systematic eﬀorts to explore geothermal energy resources rst commenced in India in 1973 and several promising sites were nalized. “Few potential sites are located at Cambay Graben in Gujarat, Puga and Chhumathang in Jammu and Kashmir, Tattapani in Chhattisgarh, Manikaran in Himachal Pradesh, Ratnagiri in Maharashtra and Rajgir in Bihar.” e policy's draft also lays stress on the ambient role and actual participation of the states. e respective state governments are slated facilitate land acquisition at the determined prices and they will also get to decide about the royalty to be paid for the utilization of geothermal resources.

Slovakian Geothermal Energy Dreams At the One Planet summit held in December, 2017 in Paris, the Slovakian Environment Minister Mr. László Sólymos declared that Slovakia could do with international eﬀorts for helping it mitigate climate change. Speaking at the One Planet summit, he informed that Slovakia was ready to phase out its coal-derived power in its mining and power sector. e Slovakian environment ministry's draft for environmental strategy envisioned for the future year 2030, released in the same week of December argued for a “progressive phase-out of power and heat production from coal” due to local air pollution, calling 40 | Energy Outlook | January 2018

Slovakia's annual EUR100 million subsidies for coal power “environmentally damaging”. e Slovak-origin European Commission's Vice-President Maros Sefcovic also weighed in listing his country's region 'Upper Nitra' as one of the EU's three “pilots” in the newly launched Coal Regions on the Transition Platform. According to him, the Upper Nitra area of Slovakia would best move from coal to geothermal energy. A new study by European Commission's Joint Research Centre on the future economic model for the

mining region of Upper Nitra is to be presented this month. e way to go is geothermal energy. Mr. Sefcovic said that he was “very encouraged by the very successful company GA Drilling looking for new, revolutionary modes of drilling in the very deep underground.” e mentioned company, GA Drilling, experiments with plasma. Even though GA Drilling's novel technology is not commercialised yet, the company has already become a showcase of Slovakia. Mr. Maros Sefcovic claimed that his country “is interested in the drilling expertise present in the mines and would like to cooperate directly on a project in Upper Nitra.” www.energyoutlook.net

2018: Turkish Geothermal Industry Will Receive A Billion Dollars' Investment After having made cheap energy a locomotive of growth by increasing the use of renewable energy resources in the near past, Turkey now aims to be a world leader in geothermal energy. is information was shared by the vice chairman of the Turkish establishment Association of Geothermal Power Plant Investors (JESDER). “e installed power of 25 megawatts in geothermal energy has risen to 1,053 megawatts thanks to a law enacted by the Justice and Development Party (AK Party) government in 2007,” said Mehmet Şişman, vice chairman of the Association of Geothermal Power Plant Investors (JESDER). Şişman also said that Turkey is already the fourth among countries with the most geothermal energy following the U.S., the Philippines and Indonesia. He said that Turkey will now target to be the top in geothermal energy in the

very near future. “e geothermal energy industry has grown by 60 percent to 70 percent or more since 2007,” the JESDER chairman detailed at a meeting with a group of journalists. "Our installed power in geothermal energy in 2007 was approximately 25 megawatts, but now we have reached 1,053 megawatts, and we will end the year with 1,086 megawatts," he further informed. Mr Şişman said that with its current potential, geothermal energy output of Turkey already meets the electricity requirement of 2 million houses. Mr Şişman added that Turkey expects an investment of around $1 billion in the industry during 2018, elaborating that installed capacity in energy power plants was 83,000 megawatts as

estimated in late November 2017, with nearly 1.2 percent of it being exclusively covered by geothermal power plants. He was further stressing that Turkey had reached this achievement point in geothermal energy as a result of good policies & strategies. Mr Şişman also added that this success was achieved through the various public-private partnerships. He also enthused that Turkey had the potential to become the largest geothermal energy producer in the world with government assistance. He added that all the players in the industry are locals. e vice chairman, Mr Şişman noted that the use of domestically available par ts is accompanied by additional contributions, citing that during the year 2017 three to four power plants bene ted from domestic product incentives.

Chinese Firm To Build Kenyan Geothermal Plant In the coming month, Chinese rm by the name of Kaishan Holdings Group will begin exploration and drilling in Kenya's Narok County aiming to generate geothermal power. e project is expected to create jobs and lower the electricity costs in and around the Kenyan County. is comes as a welcome initiative in the unemployment-plagued nation. Mr Kevin Cao, the company's president who was accompanied by his geologist and the Chinese Energy ministry oﬃcials, was among a delegation that held a meeting with Narok Governor Samuel Tunai on Tuesday to discuss the prospects of geothermal energy before a formal 41 | Energy Outlook | January 2018

announcement was made publicly. e company will be producing around 500 MW of geothermal energy taking advantage of the energy from the shield volcano Suswa which is located in between Narok and the capital city Nairobi. “When this project kicks oﬀ, it will create more jobs for our people and it will lower the cost of electricity and will be a gateway towards industrialization in this country,” Kenyan Energy Ministry's eminent geologist Mr Richard Mavisi enthused. M r Ma v i s i a l s o e n t h u s e d t h a t geothermal energy could help the Kenyan nation mitigate the eﬀects of

lowering water levels and decreased hydropower generation. Mr Cao, on the other hand, also said that though the digging of wells for tapping the underground steam and setting up of geothermal power plants was not cheap, it will still be cheaper and more reliable in the long run. He also highlighted the company's 60 years of experience. Narok Governor Samuel Tunai hoped that all the communities in the project area will bene t from the growing employment opportunities thanks to the upcoming geothermal power project.

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News

e Middle-East Asia Explores Solar & Geothermal Linked Desalination As of now, the middle-east relies on fossil fuel sources for the purpose of desalination. is dependence is not healthy because fossil fuel sources cause a serious amount of unhealthy pollution. Various environmental threats and health concerns have also risen on the horizon. e scienti cally enlightened community have called for new techniques for desalination. Clean energy sources like Solar & Geothermal energy seem the best sources for the purpose.

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Presently, only 1% of the total desalinated water is obtained through renewable energy sources. e middleeast is going through a moment of innovation in energy eld when eﬀorts are being made to help bring about a nature-friendly change. e scienti c community in the middle-east has realized it in high time that they need to adopt nature-friendly solutions for obtaining desalinated water for agricultural use, human purposes and industrial applications.

Finally, steps are being taken by the middle-east to nish the reliance on fossil fuels. Whereas renewable energy provides an opportunity to increase the sustainability of using desalinated water, the near-scarcity of the available solar and wind sources is actually challenging. “is is a moment of innovation. You can see that in Saudi Arabia, in Oman, in the Emirates and Qatar and in North African countries. New practices and policies are being developed around water,” said Shannon McCarthy, General Secretary of the International Desalination Association. Geothermal energy is looked at as a new frontier and although nations like Italy, Iceland, China and others are using it for electricity production, there exists no desalination plant at an industrial scale which is powered by geothermal energy yet.

“e world is producing about 12,000 MWe of electricity from hydrothermal p o w e r o n l y, w h y n o t u s e i t i n d e s a l i n a t i o n ,” s a y s D o r n a d u l a Chandrasekharam, geothermist and former chair of the Department of Earth Sciences at the Indian Institute of Technology in Mumbai, India. He is also an adjunct professor at Kind Saud University in Saudi Arabia. He emphasized that the hot springs and the radiogenic granites also have the potential for aiding the production of desalinated water. “Immediately Saudi Arabia can develop 40 MWe [about 254 million kWh] from just two thermal springs — Jizan and Al Lith,” he said. High temperature (>150˚C) geothermal energy's combination with an industrial scale technology, such as hybrid MED-MSF would bring the cost of this water to less than 1.5 Euro, Chandrasekharam informed the press.

NHPC Awarded CBIP Award for Best Project Developer in Hydro Sector Shri Balraj Joshi, CMD,NHPC & Shri Ratish Kumar, Director (Projects) receiving the award on behalf of NHPC from Dr. Satya Pal Singh, Hon'ble Minister of State, Ministry of Water Resources, River Development & Ganga Rejuvenation, Govt. of India. NHPC Limited, India's premier hydropower company was awarded “CBIP Award for Best Project Developer in Hydro Sector for a project under construction” at CBIP Awards on CBIP Day on 03 January 2018 in New Delhi. e award was given to NHPC's 330 MW 42 | Energy Outlook | January 2018

Kishanganga H.E. Project in Jammu & Kashmir for expeditious execution of various works under extreme adverse conditions. Shri Balraj Joshi, CMD, NHPC & Shri Ratish Kumar, Director (Projects), NHPC received the award on behalf of NHPC from Dr. Satya Pal Singh, Hon'ble Minister of State, Ministry of Water Resources, River Development & Ganga Rejuvenation, Govt. of India. Shri Girish Dattatray Mahajan, Hon'ble Minister of Medical Education, Water Resources & Common Area Development, Govt. of Maharashtra, Shri Pushpendra Singh, Hon'ble State Minister of Energy, Law

& Legal Aﬀairs and Legal Consultancy Oﬃce, Govt. of Rajasthan and Shri V. K. Kanjlia, Secretary, CBIP. e CBIP Aw a rd s re c o g n i z e o u t s t a n d i n g contributions by organisations and individuals involved in formulation of policies and programmes and their implementation, research & development, design, execution, management, operation & maintenance, renovation & modernization, manufacturing of equipment and capacity building in fur the rin g the cause o f Wate r Resources, Power and Renewable Energy Sectors in the country. www.energyoutlook.net

Bio Energy

43 | Energy Outlook | January 2018

GMEX signs collaboration agreement with CGanga to launch a Biomass Exchange in India

Analysis of EU's Bioenergy Policy

GST Slab changes bene cial for Biogas

www.energyoutlook.net

Corporate Update

GMEX signs collaboration agreement with CGanga to launch a Biomass Exchange in India Government of India Ganga River Basin project delivering a sustainable revolution in the waste sector

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GMEX Technologies (GMEX), a leading provider of exchange technology and wholly owned subsidiary of GMEX Group, is pleased to announce that it is has signed a collaboration agreement with Centre for Ganga River Basin Management and Studies (CGanga) to launch a Waste Trading Platform and Exchange venture to address the major pollution problems in the Ganga River Basin in India. e agreement was signed as part of the India Water Impact Summit that is being organised in Delhi this week by National Mission for Clean Ganga (NMCG) and Cganga. CGanga is the new think tank formed under the aegis of NMCG and one of its stated objectives is to make India a world leader in river and water science. e Centre is headquartered at IIT Kanpur and represents all the leading science and technological institutes of the countr y. In addition, it is responsible for introducing new t e c h n o l o g i e s , i n n ova t i o n s a n d solutions into India.

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GMEX was selected as one of the 25 'high impact' solution providers, from around the world, who have been invited to present to all of the key stakeholders in the Ganga clean up initiative of the Government of India. GMEX is supported by partner UTrade Solutions and its aﬃliate Avenir Technologies Limited. e exchange solution will include technology to deliver market data, Warehouse Receipts, nance and trading, including auctions, quoting 44 | Energy Outlook | January 2018

and continuous trading facilities. A key part of the solution will be the contact database that will track the potential thousands of product suppliers who will participate in the system. e solution will run in parallel on Blockchain technology inclusive of a distributed registry and contact database. “e initiative also includes a partnership with GS Bioenergy, an innovative waste handling start-up, that has developed a transformational waste collection and segregation methodology which is entirely market driven. e company will act as an enabler for waste processors like biogas generators or Refuse Derived Fuel (RDF) generators.” Solid waste being dumped in the river is a huge challenge for the Government of India. Every day 68 million tonnes of waste is generated in India and only 19% is treated. e key challenge that is being addressed with this latest initiative is to provide eﬃcient and cost-eﬀective collection, segregation and transportation of waste. e new trading platform will provide a ready spot market for trading waste. Generators of waste, irrespective of quantity can bring their waste to collection centres and get paid on the spot based on quantity and quality. is will enable a downstream wasteprocessing industry which relies on consistent and reliable supply of waste. It will also be used to generate income for industry workers who will bene t

from a transparent and efficient market. e net result will be a super energized supply chain as every individual will now be super conscious of waste as it will be seen as a resource delivering on a “waste to wealth” economy. A number of commodity investors and traders are looking to back this Biomass Exchange platform as it will lead to process and product standardization; effective biomass price establishment; a simple purchase process; an increase in market transparency and efficiency with clear and equal rules for all market participants; easy access to the market resulting in low barriers to entry for new market participants on the sell side; and systemic control of counterparty nancial and technical capacity. Hirander Misra, Chairman & CEO of GMEX Group, commented, “We are delighted to be in Delhi and to present the venture at the India Water Impact Summit as part of this exciting sustainability initiative for which this project will lead to the de-layering and increased affordability and sustainability in usage of biomass.” He added, “We continue to focus on delivering innovation and emerging market solutions through a unique sustainable partnership-driven model.” Navneet Mairal, CEO of GS Bioenergy (waste handling entity) and Transtradex (trade handling entity) commented “We are excited to launch this waste trading exchange platform here in India. We believe it will have a www.energyoutlook.net

transformational eﬀect on the region and expect it to be rolled-out in many other locations, locally as well as around the globe. He added “is platform has the potential of solving the twin issues of waste availability to waste processors on one end and e n v i ro n m e n t a l d a m a g e d u e t o improper disposal of waste on the other end, after all what is “waste” if not a “r e s o u r c e ” a w a i t i n g a v i a b l e marketplace?” About GMEX Group

GMEX Group is a set of companies that oﬀer sustainable and innovative solutions for a new era of global nancial markets. Providing business expertise, the latest technology, connectivity & operational excellence delivered through an aligned partnership driven approach. We use our extensive market infrastructure experience and expertise to create an appropriate strategic master plan with exchanges, clearing houses, depositories, registries and warehouse receipt platforms. Our key business solutions enable the creation and operation of cost eﬀective electronic exchanges and post trade infrastructure in multiple asset classes including equities, debt, FX, derivatives and commodities. We operate in both developing and developed markets through the

establishment of cohesive business and technology ecosystems. GMEX oﬀers the added bene t of interconnection to multiple partner exchanges, to create global networks of liquidity.

About CGANGA Centre for Ganga River Basin Management and Studies (CGanga) and the National Mission for Clean Ganga, Ministry of Water Resources, River Development, and Ganga Rejuvenation (MOWR, RD & GR), Government of India have the pleasure of announcing the second iteration of the prestigious India Water Impact Summit. India's National River Ganga, with her numerous tributaries and distributaries, has not only been the source of the ourishing Indian civilization for ages, but is also the mainstay of modern India with more than 2/5th of the Indian population residing in her basin. e highly fertile Ganga River Basin, ranging from the mighty Himalayas and the Siwalik and the Vindhya ranges to the deltaic lowlands near the Bay of Bengal, displays a vast mosaic of geological, climatic, topographic and biological diversity that is re ected in the rich history and culture of India. But with increasing urbanization and industrialization over the past two centuries, and especially since the 20th century, the Ganga river has been

severely impacted in unforeseen ways. So much so that, not only has River Ganga's value as a fundamental life – support system been compromised, but her health as a throbbing ecosystem itself has been jeopardized. e situation in other major rivers and water bodies of the country is also not satisfactory. Whilst this issue creates strong environmental problem, the situation also oﬀers tremendous opportunity to make substantial positive impact provided the Industry, Government and Academia can come together to create new economic models, eﬀect transfer of technology and be inclusive in their infrastructure development process.

About GS Bioenergy GS Bioenergy is essentially a group of P r o f e s s i o n a l s w i t h Va r y i n g backgrounds across the globe who have sustainability as a common element running through their backgrounds and professional endeavours.GS bio Energy is involved in acting as developer in renewable energy sphere wherein it is setting up biogas generation plants based on waste/eﬄuent processing. About Transtradex is is the designated Trading arm of GS Bio Energy which is taking up the task of setting up Cow dung as a nationally traded commodity which enable employment generation at the bottom of the pyramid.

Analysis of EU's Bioenergy Policy e EU uses a variety of biologicallysourced raw materials for the purpose of electricity generation in power stations all across the countryside in Europe. ey use heat, steam and smoke generated by the combustion of biological products to drive the thermal power plants for the generation of electricity. As would have been the case with the burning of 45 | Energy Outlook | January 2018

stubble after the reaping of food crops, this usage of biological products for the purpose of power generation is also really harmful for the natural environment of the planet Earth. “e thermal power plants in nations across Europe are responsible for silently bellowing incredible amounts of evil, harmful and unforgiving smoke up into

the atmosphere of the planet that can not only compound the pollution problem but can also lead to thinning of the forest cover.” Condescending from it, the greenhouse eﬀect is simply compounded and even free ions sourced from incomplete combustion of some compounds are also released. www.energyoutlook.net

Article ey are ejected upwards toward the top most layers of the troposphere where they can react with the ozone (O3) layer which protects the planetary life forms from the harmful ultraviolet rays that are constantly being emitted from the sun. e constituents of the exhaust gases and free radicals from the huge chimneys of the EU thermal power plants that burn biomass to aid in power production are very harmful. A list of such harmful exhaust gases and free radicals is given below:

a. b. c. d. e. f. g.

Nitric oxide (NO) Nitrous oxide (N2O) Hydroxyl ion (-OH) Atomic chlorine (Cl-) Atomic bromine (Br-) CFCs (Chloro uorocarbons) BFCs (Bromo uorocarbons)

All such gases and free radicals (or freons) in the Earth's atmosphere not only damage the ozone layer but these agents also cause a lot of skin diseases and even various types of cancers like skin cancer and even lung cancer. In

the past few decades, the incidence of various types of cancers and respiratory diseases such as asthma in various age groups has been notably increased and WHO notices a manifold increase in such cases all across Europe over the past few decades. “e summary of EU's bioenergy policy can be so made that it is a very awed and unwise sel sh policy made by some of the world's superpowers which are also among the world's most learned and advanced nations.”

GST Slab changes bene cial for Biogas

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e Goods & Services Taxes as implemented 1 July 2017 onwards were wrongly presumed to have not taken care about the hardware needs of bio-gas. Community leaders of the biogas fraternity was fearful that it would remain stagnated as had been initially determined on the 18 May in 2017 at 12% GST for all the needful hardware things relating to bio-gas production. e biogas equipment manufacturers, suppliers and consumers are now comfortable with the 5% GST after the latest amendment to the GST rate slab made by the Government of India on 7 October 2017. “e proponents of biogas can now breathe easy that the Government is not being detrimental to the bio-gas sector either directly or indirectly.”

of 12% on the bio-gas had been implemented, and then it's not hard to imagine its eﬀects on the citizens with the burden of the originally ideated GST of 12%. It could have proved to be taxing on the end-consumer and so to avoid discouraging the usage of biogas, the GST rates have been lowered to the current rates of 5%. “e key players of the bio-gas industry are furthering their demand to the Government of India for encouraging the bio-gas use and they are of the opinion that the Government should actually eliminate any sort of GST from over bio-gas to do the complete justice with the citizens of the nation.” e taxes on biogas equipment need to be further reconsidered because the costlier repair and upkeep can lead to

discouraged customers who might not replace vital equipment due to the cost factor. It has been observed by national and international researchers that ineﬃcient biogas production and usage equipment can lead to serious concerns regarding the environment. at being said, the current GST rates that are being levied on the biogas production and usage equipment and sales can be further lowered to be instrumental in the encouragement of the proper usage of bio-gas clean energy. A welfare government like that of Germany levies only namesake taxes on biogas for encouraging freedom from crude oil dependency. One day in near future, even the Government of India may be expected to do the likewise for encouraging biogas usage and improving the quality of the biogas consumption.

Now is the time when our fossil fuel resources are dwindling and the prices of the crude oil-derived re ned fuels like petrol, diesel, CNG, kerosene, LPG and others are shattering records every day. So it becomes imperative for the Government to contain the in ation in the cost prices of biogas as uncontrolled biogas and even biogaslinked hardware prices could discourage all the producers, sellers and consumers of the useful renewable source of energy. Suppose that the initially ideated GST

46 | Energy Outlook | January 2018

www.energyoutlook.net

Electric Vehicle

47 | Energy Outlook | January 2018

Indian Government push for Electric Vehicles

Tata Power makes Mumbai Electric Vehicle Ready; sets up strategic additional EV Charging stations

Smart EV charging station at SCOPE Complex, New Delhi powered by NTPC

ABB and Formula E partner to write the future of emobility

www.energyoutlook.net

Government Update

National Automotive Board Under Department of Heavy Industry

FAME - India (National Mission on Electric Mobility)

Indian Government push for Electric Vehicles 10 Cities selected for pilot project of Multi-Modal Electric Public Transport under FAME India

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e Minister of Heavy Industries and Public Enterprises Shri Anant Geete has announced today that the Government is providing Rs 437 crore subsidy to 11 cities under FAME India, for launching electric buses, taxis and three-wheelers. “e cities include Delhi, Ahmedabad, Bangalore, Jaipur, Mumbai, Lucknow, Hyderabad, Indore and Kolkata, plus two cities – Jammu and Guwahati under special category.” e nine big cities in the list will be given subsidy for 40 buses each while Jammu and Guwahati will get for 15 buses each. Subsidy for taxis will be given to Ahmedabad ( 20 taxis), Bangalore (100 taxis), Indore ( 50 taxis) and Kolkata (200 taxis) – based on their demand. Bangalore will get subsidy for 500 three wheelers, Indore for 200 and Ahmedabad for 20. is comes to a total of 390 buses, 370 taxis and 720 three wheelers. “is announcement has been made during the second half of December, when the Department of Heavy Industry is observing “Swachhata Pakhawada” under Clean India Mission.” 48 | Energy Outlook | January 2018

e selected cities are required to nalize the tendering process and issue supply order before 28th February 2018. rough this EOI, Department of Heavy Industry is expected to spend about Rs. 437 Crore under FAME India scheme (Phase I), which includes about Rs. 40 crores as incentives for installation of charging infrastructure. About FAME - India “While many Departments and Ministries are working for promotion of electric vehicles, the Department of Heavy Industry is the Department which is administering the scheme “Faster Adoption and Manufacturing of Electric and Hybrid Vehciles in India”, popularly known as FAME India scheme since 01st April 2015.” e present eﬀort is a signi cant boost to electric mobility with the aim to roll out a number of electric buses, electric three-wheelers and electric shared cabs for multi-modal public transport.

October 2017. Under this EOI, additional incentive was also proposed to augment charging infrastructure for public transport. Last date for receipt of the proposal was 30th November 2017. In response to this EOI, Department of Heavy Industry received 47 proposals from 44 cities across 21 states having requirement of 3144 E-buses, 2430 EFour Wheeler Taxies and 21545, Eree Wheeler Autos with the total nancial support of 4054.6 crores sought from Government of India. After evaluation of these proposals considering parameters like population, vehicle density, vehicular p o l l u t i o n , Sw a c h h a t a Ab h i y a n ranking, coverage under Smart City programme, the available nancial outlay under Phase 1 of FAME India scheme etc, the above cities were selected for funding under the present Expression of Interest as the pilot project for Multi-Modal Electric Public Transport under FAME India scheme of the Government.

An Expression of Interest (EOI) inviting proposals from million plus cities and special category states for multimodal transport was issued by the Department of Heavy Industry on 31st www.energyoutlook.net

Source: Fame India Oﬃcial Website, As on 9 Jan. 2018,

State-wise details of Electric Vehicles in India

Total No. of Vehicles 177153 21,230,995 Saved fuel (In Litres)

Karnataka State, India to buy 640 electric vehicle e state of Karnataka in India is a trailblazer and national leader in the Electric mobility sector that has also issued the Electric Vehicle and Energy Storage Policy recently. is national example setter for Electric mobility in India has now even proposed to create an encouraging ecosystem for the development of industries in the EV sector and also support and facilitate demand side requirements of the sector due to its nascent stage. 49 | Energy Outlook | January 2018

41,797

104,526

53,212,659

Fuel saving per day

CO2 Reduction per day

CO2 Reduction

(In Litres)

(In Kg.)

“Karnataka is set to procure and ply 40 Electric buses, 100 four wheelers and 500 three wheelers along with setting up of charging infrastructure across the city of Bengaluru as per approval received in response to the Expression of Interest by Department of Heavy Industries, Govt. of India under FAME India scheme,'' the Karnataka State Minister for Large & Medium Industries and Infrastructure Development Mr. R.V. Deshpande told the press in a statement. e minister also said that under this scheme, subsidy is going to be provided

to the extent of as much as 60 per cent of purchase cost for Electric Buses, Rs.1.24 lakhs for every Electric fourwheeler and Rs. 61,000/- for every Electric three-wheeler and subsidy support is provided for charging infrastructure also by Govt. of India. “is is an encouragement to the State's vision for transition to Electric Mobility in the State through public transport, with a pilot initially in Bengaluru with an aim to protect the environment, save fossil fuel, ensure better public health and achieve sustainability goals,” he elaborated. www.energyoutlook.net

Corporate Update

Tata Power makes Mumbai Electric Vehicle Ready; sets up strategic additional EV Charging stations Ÿ Sets up Strategic EV Charging Stations in Retail Malls at Palladium and Phoenix

Marketcity Ÿ EV Charging Stations coming up at BKC & Borivali

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Tata Power, India's largest integrated power company has been pioneer in technology adoption and innovation while also setting industry benchmarks in operational & sustainability aspects building on its momentum of having installed Mumbai's rst Electric Vehicle charging station in Vikhroli. e Company has been covering strategically located areas where EV users wish to have outlets .e Company has now set up additional electric vehicle charging stations at strategic locations thereby making Mumbai truly ready to usher in the Electric Vehicle wave. e latest Electric Vehicle charging stations by Tata Power have been set up at Palladium Mall Lower Parel, and Phoenix Marketcity, Kurla; and two more coming up at BKC and western express highway at Borivali. With the Government of India encouraging shift to electric vehicles by 2030, Tata Power's aim is to build a seamless network of electric charging stations to make it easier for people to adopt EVs and be future ready. e setting up of smart charging infrastructure at parking area of Malls would enable users to make best use of their time while their car charges. As India gears up for revolution in mobility, Tata Power is all set to oﬀer customers e-charging with convenience.

Mumbai with additional electric vehicle charging stations that cover the expanse of the city. We are also happy that one of these EV charging stations is India's rst Electrical Vehicle Charging station at popular retail mall. With these installations, Tata Power continues to pursue sustainable practices by using technology thereby providing customers access to energy-eﬃcient options with ease. As the nation moves towards clean and aﬀordable power for all, it is our endeavor to provide customers with the best solutions for a greener tomorrow”. e newly installed chargers at Palladium and Phoenix Market city will enable electric car users to charge their cars (Battery Electric Vehicles such as the Mahindra e2o, Nissan Leaf, etc) at any time safely and conveniently. e chargers can also monitor the car battery charging status and units consumed while charging a car. e Company plans to set up charging stations at various locations in Mumbai and is in discussions with various stakeholders to this end.

About Tata Power Tata Power is India's largest integrated power company with a growing international presence. e Company together with its subsidiaries and jointly controlled entities has an installed gross generation capacity of 10699 MW and a presence in all the segments of the power sector viz. Fuel Security and Logistics, Generation (thermal, hydro, solar and wind), Transmission, Distribution and Trading. It has successful publicprivate partnerships in Generation, Transmission and Distribution in India namely “Tata Power Delhi Distribution Limited" with Delhi Government for distribution in North Delhi, 'Powerlinks Transmission Ltd.' with Power Grid Corporation of India Ltd. for evacuation of Power from Tala hydro plant in Bhutan to Delhi and 'Maithon Power Ltd.' with Damodar Valley Corporation for a 1050 MW Mega Power Project at Jharkhand. Tata Power is serving more than 2.6 million distribution consumers in India and

Commenting on the same, Mr. Anil Sardana, CEO&MD, Tata Power, said, “We are proud and happy to present 50 | Energy Outlook | January 2018

www.energyoutlook.net

has developed the country's rst 4000 MW Ultra Mega Power Project at Mundra (Gujarat) based on supercritical technology. It is also one of the largest renewable energy players in India with a clean energy portfolio of 3310 MW. Its international presence includes strategic investments in Indonesia through a 30% stake in the leading coal company PT Kaltim Prima Coal (KPC), 26% stake in mines at PT Baramulti Suksessarana Tbk ("BSSR"); in Singapore through Trust Energy Resources to securitize coal supply and the shipping of coal for its thermal power generation operations; in South Africa through a joint venture called 'Cennergi' to develop projects in sub-Sahara Africa; in Zambia through 50:50 joint venture with ZESCO for 120 MW Hydro which has become operational in 2016; in Georgia through AGL which is a joint venture with Clean Energy, Norway & IFC for

development of 187 MW hydro project and in Bhutan through a hydro project in partnership with e Royal Government of Bhutan. With its track record of technology leadership, project execution excellence, world class safety processes, customer care and driving green initiatives, Tata Power is poised for a multi-fold growth and committed to 'lighting up lives' for generations to come”. About Mass - Tech Controls Mass-tech Controls is a manufacturer of DC UPS comprising of Battery Charging Equipment's, DC Distribution Boards, DC-DC Converters, Polarization Recti ers, Cathodic Protection, LV Switchgear Panels and allied equipment's required for no break DC supply system for power station applications, re neries, petrochemicals, process industries, etc.

along with of batteries of various types, viz. Ni-Cd, lead acid, SMF VRLA type, Lithium ion battery, etc. for the past 25 years. It was founded in the year 1993 by Mr. Subhash Patil currently the chairman of MASSTECH group. Recently in the year 2014 MASSTECH has diversi ed its business in manufacturing of EV charging stations ranging for 10kW to 200kW. MASSTECH has been working with all major EV manufacturing OEMS like TATA motors, Mahindra, Volvo and KPIT. MASSTECH EV charging station division is been managed and developed by Mr. Anurag Patil (Director Operations).

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Smart EV charging station at SCOPE Complex, New Delhi powered by NTPC

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A smart EV charger of Fortum India has been installed at SCOPE Complex, New Delhi. e charger will be powered by electricity from NTPC Ltd., the largest power generator of the country. e charger has ability to recognize authorized users based on RFID technology. Fortum India is a wholly owned subsidiary of Fortum Oyj, a clean energy company in the Nordics has “e charger was inaugurated by Mr. A K Gupta, Director (Commercial & Operations), NTPC Ltd. During the launch, he shared, "Today, the energy landscape in India is undergoing a 52 | Energy Outlook | January 2018

major shift towards cleaner means of energy generation and consumption. EMobility paves the road ahead with great impact on cleaner cities and reduces fuel imports as well. Keeping this in mind, we are in the process of exploring possible ways to put up charging stations across all NTPC stations and also in discussion with a few states.” On the occasion, Mr. Sanjay Aggarwal, Managing Director, Fortum India said, "e Indian government's vision of selling only EVs by 2030 relies heavily on developing a smart infrastructure for electrical vehicles. e need of the hour is to fast track EV adoption. Fortum's Charge & Drive® supporting hardware agnostic infrastructure, equipped with exible payment gateway shall provide the consumers a seamless experience of charging their

vehicles in a friendly environment at a location, time and price of their choice. We have already started setting up pilot projects across the country as part of our plans of rolling out more than 150 charging stations over a period of 1218 months. “Fortum intends to work together with NTPC for developing, operating and managing charging infrastructure for electrical vehicles (EVs) in India. Both the entities will also jointly explore ways to work towards collaborating further on EV charging ecosystem in India.”

www.energyoutlook.net

Corporate Update

ABB and Formula E partner to write the future of e-mobility “ABB FIA Formula E Championship” brings pioneering technology leader ABB as title sponsor to the world's rst fully electric international FIA motorsport series ABB and Formula E are teaming up in a ground-breaking partnership to champion e-mobility for a sustainable future. Since its rst race in Beijing in September 2014, Formula E has established itself as the number one allelectric international motor sport. In the next level of development, global pioneering technology leader ABB is bringing its name and innovation and technology leadership to the series, which will be now known as the “ABB FIA Formula E Championship.” With its unrivalled expertise in electri cation and leadership in electric vehicle charging solutions, with the largest installed base of fast-charging stations for electric vehicles worldwide, ABB is the ideal industry partner for Formula E. Formula E serves as a competitive platform to develop and test e-mobility-relevant electri cation and digitalization technologies, h e l p i n g re n e t h e d e s i g n a n d functionality of electric vehicles and infrastructure as well as the associated digital platforms. By joining forces, ABB and Formula E will be ideally positioned to push the boundaries of emobility.

“We are extremely excited to partner with Formula E in writing the future of e-mobility,” said ABB CEO Ulrich Spiesshofer. “Today, two pioneers are uniting. ABB and Formula E are a natural t at the forefront of the latest electri cation and digital technologies. Together, we will write the next phase of this exciting sports activity and foster highperformance teams. Together, we will write the future – one electrifying race at a time.” Alejandro Agag, founder and CEO of Formula E, said: “is is a historic day for Formula E and I'm honored to welcome the global technology leader ABB as the title partner of Formula E, with its background and expertise in the eld of electri cation and digital technologies. Our two companies are synonymous with pushing the boundaries of what is possible. Together, as partners, we will showcase breakthrough technology on a global scale to fans and consumers who follow the ABB FIA Formula E Championship.” As the world leader in electric vehicle infrastructure, ABB oﬀers the full range of charging solutions for electric

Alejandro Agag, founder and CEO of Formula E, and Ulrich Spiesshofer, CEO of ABB

53 | Energy Outlook | January 2018

cars, electric and hybrid buses as well as electri cation solutions for ships and railways. “ABB entered the EV-charging market back in 2010, and today has a fast growing global installed base of more than 6,000 fast chargers.” About the ABB FIA Formula E Championship e ABB FIA Formula E Championship is the FIA electric street racing series and the world's rst fullyelectric international single-seater category in motorsport. Formula E brings electrifying wheel-to-wheel action to the world's leading cities, racing against the backdrop of iconic skylines such as New York, Hong Kong, Paris and Zurich. e fourth edition of series will see 10 teams and 20 drivers compete in 11 cities spanning ve continents in the ght to be crowned ABB Formula E champion. e next race takes place in Marrakesh on January 13, with the 2018 championship coming to a close in July. ABB (ABBN: SIX Swiss Ex) is a pioneering technology leader in electri cation products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport & infrastructure globally. Continuing a history of innovation spanning more than 130 years, ABB today is writing the future of industrial digitalization and driving the Energy and Fourth Industrial Revolutions. “As title partner of Formula E, the fully electric international FIA motorsport class, ABB is pushing the boundaries of e-mobility to contribute to a sustainable future. ABB operates in more than 100 countries with about 136,000 employees.” www.energyoutlook.net

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From the folk artistic patchwork technique of paebandkaari to Oil Re nery, î &#x201C;is is the new identity of Barmer.

Energy Outlook Exclusive Conversation with Mr. Virendra Joshi, Managing Director Quasar Enviro Solutions (P) Ltd

Exclusive Conversation with

Mr. Virendra Joshi MD, Quasar Enviro Solutions (P) Ltd

54 | Energy Outlook | January 2018

www.energyoutlook.net

Government Update

From the folk artistic patchwork technique of paebandkaari to Oil Re nery, is is the new identity of Barmer. Ÿ Greatest investment ever of Rs. 43,129 crores in Rajasthan. Ÿ A neo-modern oil re nery project promises an extra income of Rs. 34,000 crores every Ÿ Ÿ Ÿ Ÿ Ÿ Ÿ

year for the state afterwards. Re nery capacity: 9 Million Metric Tonne Per Annum. e project when it completes will be the rst Public Sector Company in India to have an integrated combination of petroleum re nery and petrochemicals complex. Industries like plastic, bre, paint, rubber etc. will also be encouraged in the region. Pump thousands of new opportunities for employment in the state. All sorts of approvals have been obtained to start an all-prepared work. e project is expected to complete by the nancial year 2022-23.

With the foundations laid for Barmer Re nery on 16 January 2018, not only the date changed in Rajasthan but the cultural state also ushered into a new era of progress and prosperity. e re nery project promises a capacity of 9 million tonnes. Honourable Prime Minister of India S h r i Na r e n d r a Mo d i l a i d t h e foundation stone of Rajasthan Re nery in Barmer district, Rajasthan

55 | Energy Outlook | January 2018

on 16th January 2018. Other dignitaries present on the occasion were the Governor of R a j a s t h a n Sh r i K a l y a n Si n g h , Honourable Central Minister for Petroleum & Natural Gas and Skill Development Shri Dharmendra Pradhan and the Chief Minister of Rajasthan, Mrs. Vasundhara Raje.

of Rs. 43,129 crores, this project will grant Rajasthan State with the greatest investment ever. is project promises to generate 1,000 direct and 40,000 indirect employment opportunities in the state.” Apart from generating thousands of new opportunities, this oil re nery is de nitely going to help Rajasthan proceed towards modern prosperity.

“It is noteworthy that at an investment

www.energyoutlook.net

Interview

Exclusive Conversation with Mr. Virendra Joshi, Managing Director Quasar Enviro Solutions (P) Ltd EO: Who conceived the idea of Quasar Enviro solutions and what was the vision behind that? Mr. Virendra: e idea of coming

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up with something to save both environment and electricity consumption gradually struck me during my stint with Whirlpool wherein the team was constantly being briefed to make energy eﬃcient products. I anticipated that there is an immediate need for coming up with a solution which w o u l d h e l p s a ve e l e c t r i c i t y consumption. Today, Indians are buying airconditioners at a pace faster than ever. is is partly due to the higher disposable income and scorching summer year after year. Summers in India has led the mercury soaring up to 47-48 degrees in certain metros thereby increasing the demand for Air conditioners up c o u n t r y. C u r r e n t l y 4 - 5 % households in India have ACs and this is expected to reach up to 15% each year to reach 7.2 million by FY20.

Mr. Virendra:

Air pollution is a growing problem of the SAARC region due to the high rate of urbanization and industrialization causing a serious threat to the environment, generating countless opportunities for our product in SAARC countries.

EO: Which are the major countries

across 4000 locations. With our widespread focus on Bijili Bachao, QESPL in a short span of time has already contributed in saving 15429 Mega Watts of Electricity till date i.e. mitigating 437 Million Tons of Greenhouse emissions which is equivalent to planting of 699 Million Trees.

on your radar?

EO: As an entrepreneur, how do Mr. Virendra: We are currently present in Sri Lanka, Bangladesh, Maldives, Saudi Arabia, ailand, South Africa and UAE. We will penetrate in other markets as the demand grows further. EO: Tell us about your client-base and how Quasar Enviro is bene tting them?

Mr. Virendra: Currently we are working with some of the leading names in Hospitality and Banking sector including KFC, McDonalds, HSBC, Costa Coﬀee, Dunkin Donuts, Pizza Hut, Dominos, Axis Bank, Dell, IndusInd Bank, Standard Chartered to name a few

you see your conceptual products bene tting your clients?

Mr. Virendra: India currently is adding largely in carbon emission which needs to be addressed and there is lack of advance technology to deal with this problem. We at Quasar Enviro are committed to deal with this issue and are making small yet impactful steps to make the environment green and clean. Enisaver, a unique energy saving device is designed to save energy on all Window, Split, Tower, Cassette, Du c t e d a n d Pa c k a g e A i r conditioners from 1 to 20 Ton. e devices consist of an algorithm which optimizes the running of the

e vision behind Quasar Enviro solutions was to come up with a dynamic initiative to keep the environment clean and greenpacked with advanced technology and features, specially designed to suit the conditions with high eﬃciency delivery.

EO: What is the potential of your products & services in SAARC countries?

56 | Energy Outlook | January 2018

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compressor, without any alteration to the cooling comfort in the conditioned space of AC's and helps reduce cost by 16% to 30%. With our device clients our able to save the waste of electricity and cut down on their budget which helps them develop their Business.

response we have been getting from the market is simply overwhelming. It is logical for any product to spread wings post an early adoption and we see no reason why we will not invest in marketing and branding/promotional activities in times to come.

EO: Do you see Industrialization as strength for your company and how you are increasing awareness for saving energy?

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EO: How you are branding your products and services among the target audience?

Mr. Virendra: Yes, Industrialization de nitely is opportunity for us as company. e energy conservation space is fast growing due to adverse eﬀect of industrialization. Industrialization is important for the growth of any country or a place and we as a company trying to make it greener through our device by controlling the electricity wastage and reducing the carbon emission level.

Mr. Virendra: Our customers are the best brand endorsers and the

EO: Is there anything Government can do to save energy?

Mr. Virendra: Government is making conscious eﬀorts to do its bit to reduce carbon footprint and contribute towards protecting the environment, it has clearly laid guidelines to ensure its greenhouse gas emissions from one unit of GDP in 2030 is at least one third lesser than what it used to be in 2005. ere is still a dire need to take drastic steps to accomplish this mission to deal with the fastchanging climatic conditions and rising industrialization is creating a situation which needs to address on a priority basis.

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Backed by international expertise and nest patented technology QuasaREnviro ensures most innovative technology solutions that signi cantly reduce energy costs. In a quick span of time QuasaREnviro has installed its technology solution services such as Enisaver – Designed to save energy on all Window, Split, Tower, Cassette, Ducted and Package Air conditioners &RefSaver (Refrigeration Units Energy Saver)- Which has been conceptualised and Designed speci cally to reduce energy consumption in big refrigeration units across B2B and B2C verticals such as Food and Beverages(Costa Coﬀee, McDonalds, KFC, Dominos, Starbucks etc),Banking (Standard Chartered, Axis Bank, HSBC Bank etc), Hospitality (Taj Exotica and LeMeridian), Information Technology (Dell) have already been using the product.

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A seasoned professional has been heading Quasar Enviro for more than 6 years with overall experience of 20 years. He commands the operations with key focus on pro tability by ensuring optimal utilization of resources. He is responsible for strategizing ramp up of business assignments while working in close coordination with Government bodies, Ministries, Clients and Vendors ensuring eﬀective and successful business objectives. He manages spearheading business operations across various MNCs and Large Indian Business houses. He conducts opportunity analysis by keeping abreast of market trends and competitor moves to achieve market-share metrics. Previously, he has worked with reputed companies across Power, Shipping, Steel, Consumer Durable & Hospitality industry with organizations including Whirlpool of India, Global Steel/Ispat Industries and an Indian Maritime Co.

58 | Energy Outlook | January 2018

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Energy Storage System

59 | Energy Outlook | January 2018

REFU launches new 100kW string inverter at WFES in Abu Dhabi

Amara Raja Batteries commissions India's Largest and Most Advanced Two-Wheeler Battery Plant

Narada bags order for ESS from BHEL R&D, Hyderabad, India with Lithium ion Battery Solution

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Corporate Update

REFU launches new 100kW string inverter at WFES in Abu Dhabi Pfullingen – As a prelude to an exciting 2018, REFU will launch its entirely new 100kW string inverter at the World Future Energy Summit (WFES) in Abu Dhabi (January 15th-19th).

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e new REFUsol 100K is the logical continuation of the proven REFUsol 8-23K and REFUsol 40/46 K string inverter ranges. It can be connected to any grid voltage between 380 and 480 VAC offering maximum power between 83 and 100 kVA. e device underlines REFU remaining true to its global approach offering maximum compatibility, exible installation and easy serviceability. e REFUsol 100K consists of two parts – the power unit and the ConnectionBox offering exible installation options. e ConnectionBox can be mounted in a vertical or horizontal position as required by the site conditions. It is available in two variants - with either fused direct string connections for distributed designs, or for a centralized designs with a single DC input. anks

to the bisection of the device, the ConnectionBox can be installed and connected on site, while the power unit can be added shortly before commissioning to optimize your investment. If necessary it can be quickly detached from the ConnectionBox for trouble shooting and measurements.

“e new 100kW inverter continues our rich tradition of technology l e a d e r s h i p a n d i n n ov a t i o n . It underlines our aspiration to develop the right solutions for our customer's demands combining maximum performance, simplicity and exibility.” states Ralf Betkerowitz, CEO of REFU Elektronik GmbH.

e REFUsol 100K inverter is commissioned easily via app (available for iOS and Android) which connects seamlessly with Bluetooth® to the inverter. e integrated, fail-safe Ethernet daisy chain (alternatively RS485) allows cost eﬃcient high-speed monitoring without special accessories. Each inverter is individually connected to REFUlog for professional monitoring, con guration and remote rmware updates.

Zouhair Ke , Senior Vice President Segment Solar, Energy and Hybrid at REFU, adds: “We are excited to launch the next generation of our string inverter range, and this is not yet the end. We might have been too early for the solar market when launching the industry's rst 1,500 V as early as 2011, but we build on this knowledge and experiences for our new REFUsol 125kW/1,500V inverter that will round oﬀ our portfolio by the end of the year.”

REFU Elektronik GmbH and its American subsidiary REFU Inc. develop and sell highly eﬃcient REFUsol solar inverters for decentral PV systems. Its highly experienced staﬀ can draw on knowledge gained from selling over 250,000 inverters to date. REFU Elektronik GmbH was founded in 1965, and has since then set new standards in the areas of power supply, power storage and inverter technology. e company develops innovative products at the highest technical level at its sites at Pfullingen and Metzingen, on the edge of the Swabian Jura, in Germany. Alongside solar inverters, these products include hybrid power solutions, energy storage systems as well as inverters for drive applications. e company is a member of the internationally active PRETTL company group. 60 | Energy Outlook | January 2018

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Corporate Update

Amara Raja Batteries commissions India's Largest and Most Advanced Two-Wheeler Battery Plant Ÿ Chairman & CEO of Johnson Controls Inaugurates the plant and appreciates

Amara Raja's passion for excellence Ÿ With 17 Million ultimate capacity, the plant will cater to growing markets. Strengthening its presence as the leading battery manufacturer, Amara Raja Batteries Ltd (ARBL) today commissioned its TwoWheeler Battery Plant at the Amara Raja Growth Corridor in Chittoor, Andhra Pradesh. e plant was inaugurated by Mr. George R Oliver, Chairman and CEO – Johnson Controls, showcasing yet another milestone in the successful joint venture between the two companies. e rst phase of the plant which was commissioned will have a capacity of 5 mn units. e plant will have an ultimate capacity of 17 mn units with an estimated investment of Rs 700Cr taking the total capacity for two-wheeler batteries to 29Mn units. e plant will employ 1300 people at full capacity. It is the most advanced production facility in the country pioneering the use of advanced punched grid making technology for two-wheeler battery manufacturing. e technology ensures best-in-class product performance, higher productivity and improved environmental standards. Mr George R Oliver, Chairman & CEO, Johnson Controls, who was present with his Global and Asia Paci c (APAC) leadership teams, said, “I am delighted on the occasion our partnership completing 20 successful years. I 61 | Energy Outlook | January 2018

could not be more proud of this milestone in our combined history. When Johnson Controls and Amara Raja rst came together in 1997, our goal was simple: deliver high-quality batteries to customers across India. By constantly innovating our products, anticipating the needs of the market and delivering value to our customers every single day, we've certainly met our goal. is advanced battery plant heralds another path-breaking journey between the two companies for creating new milestones.” During the inaugural ceremony, Dr. R a m a c h a n d r a N Ga l l a , Chairman, Amara Raja Group said, “is initiative is a step forward in boosting capabilities to match global competitiveness. e advanced, high-speed assembly lines present in this plant will

increase efficiencies, thereby driving higher productivity and shorter delivery times. Johnson Controls has always supported our efforts to introduce advanced technology and innovative products.” e plant infrastructure too re ects Amara Raja's commitment to deploy energy efficient processes to minimise carbon emissions. For harnessing solar energy, the plant is also installed with 2.7 MW of roof top solar power which generates 4.5 mn KWh of energy. e high-speed assembly lines and advanced Robotic system will help minimise human intervention making the process highly reliable. About Amara Raja Batteries Limited A company with 26% equity each from the Galla Family and Johnson

L to R:: Mr Jayadev Galla, Vice Chairman- Amara Raja Group ; Dr. Ramachandra N Galla, Chairman, Amara Raja Group; Mr George R Oliver, Chairman & CEO, Johnson Controls; Mr. Joe Walicki, Vice President and President Power Solutions; Mr. Trent Neville, Vice President, President Asia Paci c, Johnson Controls www.energyoutlook.net

Controls Inc., USA, Amara Raja Batteries Limited is the technology leader and one of the largest manufacturers of lead-acid batteries for both industrial and automotive applications in the Indian storage battery industry. In India, Amara Raja is the preferred supplier to major telecom s e r v i c e p r o v i d e r s , Te l e c o m equipment manufacturers, the UPS sector (OEM & Replacement), Indian Railways and to the Power, Oil & Gas, among other industry segments. Amara Raja's industrial battery brands comprise PowerStack®, AmaronVoltTM and Quanta®. e Company is a leading manufacturer of automotive batteries under the brands Amaron® and PowerzoneTM, which are distributed through a large pan-India sales & service retail network. e Company supplies automotive

batteries under OE relationships to Ashok Leyland, Ford India, Honda, Hyundai, Mahindra & Mahindra, Maruti Suzuki, and Tata Motors. e Company's Industrial and Automotive Batteries are exported to countries in the Indian Ocean Rim. Johnson Controls Johnson Controls is a global diversi ed technology and multi industrial leader serving a wide range of customers in more than 150 countries. Our 120,000 employees create intelligent buildings, eﬃcient energy solutions, integrated infrastructure and next generation transportation systems that work seamlessly together to deliver on the promise of smart cities and communities. Our commitment to sustainability dates back to our roots in 1885, with the invention of the rst electric room thermostat. We are committed to helping our

customers win and creating greater value for all of our stakeholders through strategic focus on our buildings and energy growth platforms. Johnson Controls Power Solutions Johnson Controls Power Solutions is a world leader working in partnership with our customers to meet increasing market demands for energy storage on a global scale. We create the most advanced battery technologies for virtually every type of vehicle on the planet. Our employees develop, manufacture and distribute the smartest portfolio of lead-acid and lithium-ion technologies in the world. ese technologies deliver uniquely sustainable, nextgeneration performance. We partner with our customers at every link in the supply chain, contributing to the communities we serve and the planet we share.

Narada bags order for ESS from BHEL R&D, Hyderabad, India with Lithium ion Battery Solution Narada shared yet another benchmark performance in India in the eld of Energy Storage System where it emerged as technically and commercially most viable solution supplier to Bharat Heavy Electricals Limited (BHEL) Research and Development, Hyderabad.e project was designed to cater 500KW load for 1 Hour with lithium ion battery solution. e entire project is expected to be completed by April 2018. is is the 3rd project of ESS which is being developed by Narada for Government PSU. Earlier Narada completed the installation of 1 MW ESS solution with 30 mins backup at Pondicherry, India for Power Grid Corporation.

62 | Energy Outlook | January 2018

“Narada is among the few global players who manufacture the Lithium and Carbon batteries and also develop the

ESS project with complete ownership of solution.”

With over 1.5 GWh active installations globally, Narada is among the most prominent ESS Supplier www.energyoutlook.net

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