The project is funded by the EU under the EU4Business initiative and implemented by the EBRD
The project is funded by the EU under the EU4Business initiative and implemented by the EBRD
2
The project is funded by the EU under the EU4Business initiative and implemented by the EBRD
3
The project is funded by the EU under the EU4Business initiative and implemented by the EBRD
4
The project is funded by the EU under the EU4Business initiative and implemented by the EBRD
Renewable Energy in India India has very low conventional energy resources as compared to the required energy needs of its huge population and rapidly increasing economy. There is high potential for generation of renewable energy from various sources- wind, solar, biomass, small hydro and cogeneration bagasse.
Source wise Estimated Potential of Renewable Power in India
Small Hydro Power; Bi o-Energy; 2.28% 1.90% Wind; 27.53%
Solar; 68.28%
Sol ar
Wi nd
Sma ll Hydro Power
Bi o-Energy
(Source: Ministry of New and Renewable Energy)
The total potential for renewable power generation in the country as on is estimated at ~ 1096 GW as of FY 18. This includes solar power potential of ~748 GW wind power potential of ~302 GW at 100 m hub height, SHP (small-hydro power) potential of ~21 GW, and Bio-energy ~25 GW.
Energy Solar Wind Small Hydro Power Bio-energy *as of 31.10.2018
Potential (GW)
Installed Capacity*(GW)
748 302 21 25
24.33 34.98 4.5 9.54
5
The project is funded by the EU under the EU4Business initiative and implemented by the EBRD
(Source: Government of India, Energy Statistics, 2018)
Major Investments in Renewable Energy Space
(Source: Make in India)
6
The project is funded by the EU under the EU4Business initiative and implemented by the EBRD
Solar Energy in India
Solar Energy, •
currently fulfils ~5 % of the total energy need of India which is second highest fulfilment by any category of renewable sources of energy
•
The reception of solar energy in India is equal to ~5000 trillion kWh per year with approximately 280-300 clear sunny days per year
India is ranked 5 in global energy consumption list, consumes ~4% of world’s commercial energy
Grid Interactive Solar Power has increased from 10 MW in 2010 to ~24GW in Q2,2018.
India Ranked 6th in the world in utilizing Solar Energy
India has set the target to achieve over 100 GW of solar power by 2022
Solar Park Infrastructure of 40GW to be developed by 2020 Utility Solar dominates the market over rooftop solar in India with a share of over ~88%
(Source: Ministry of New and Renewable Resources)
7
The project is funded by the EU under the EU4Business initiative and implemented by the EBRD
State wise potential for Solar Energy
Andhra Pradesh and Rajasthan
has
the
highest installed capacity of solar energy of the total installed capacity of 24.33 GW as of FY 18
Government has finalized tendering trajectory to achieve 100GW target by 2022
Rajasthan has the highest potential to be developed
Key States Andhra Pradesh Gujarat Madhya Pradesh Maharashtra
Potential (GW) 38.44 35.77 61.66 64.32
Installed Capacity (GW) 1.86 1.24 .85 .45
Rajasthan Telangana
142.31 20.41
1.81 1.28
(Source: Ministry of New and Renewable Resources)
8
The project is funded by the EU under the EU4Business initiative and implemented by the EBRD
The Solar Ecosystem and Opportunities
Polysilicon
Solar Modules
Mounting Structure
Ingots & Wafers
Inverters
Balance of System
Solar Cells
Raw Materials
Monitoring Systems
High Import Dependency
Finished Products
India’s solar market has been dependent on imports for most of the critical raw materials needed for the manufacturing and commissioning of solar cells. In the absence of manufacturing, India will need to import ~USD 45 billions of solar equipment by 2030. As per Bloomberg New Energy Finance, Roof top solar will contribute over 5% to India’s power sector by 2040 while the overall Renewable Energy Penetration to reach over ~50%
Key Initiatives and Incentives International Solar Alliance ISA is an initiative of the to collaborate the efforts of 120 countries around the globe to promote the utilization of solar energy and thereby reduce the dependence on fossil fuels. ISA projects the wider deployment of solar energy technologies which will tend to reduce the production and development costs and will help in reducing the level of global warming.
9
The project is funded by the EU under the EU4Business initiative and implemented by the EBRD
Jawaharlal Nehru National Solar Mission JNNSM aimed to project a target for electricity demand and fulfillment of it for the coming years. This mission gave a specific target of 20,000 MW of grid-connected and off-grid solar power capacity by 2022 with 2000 MW as a share of off-grid capacity
Key Incentives The Government of India has sanctioned development of 40,000 MW of solar park infrastructure by the year 2020 with a financial support of USD 1.2 billion. Solar projects with a total capacity of 8,900 MW have already been allocated in 8 solar parks across Rajasthan, Uttar Pradesh, Gujarat, Andhra Pradesh etc. All solar projects have been historically eligible to avail depreciation of 80% of asset value but this rate has been reduced to 40% from April 2017 onwards. Solar Energy Corporation of India (SECI) has allocated 4,835 MW of project capacity under the VGF (Viability Gap Funding) route, whereby a capital subsidy is provided to project developers bidding for projects at a predetermined tariff
Key Industry Players
10
The project is funded by the EU under the EU4Business initiative and implemented by the EBRD
Opportunities in Solar Industry
Solar Cells & Modules
There are several cell manufacturers present in India like UPV Solar, Central Electronics Ltd and Maharishi Solar .The Indian cell manufacturers are highly dependent on imported raw material. This dependence on imported raw material results in high Solar Cell costs, in comparison to competitors from China and other Asian countries. Over 80% of solar cell imports in India are dominated from China. The other major importers includes Malaysia, Japan, Singapore, USA. The government had ordered a safeguard duty probe on surging solar cell imports with a view to protect domestic manufacturers
The Indian market is majorly inclined for the usage of crystalline silicon modules rather than thin film modules India is mainly dependent on imports of PV modules to meet the domestic demand. China is the lead importer of PV modules in India. However, the manufacturing in India is growing and n Q3 2018, India exported solar cells and modules worth USD 55 million, showing a growth of 223 percent as compared to previous quarter
•
Even though Solar Cell market in India has a domestic manufacturing base, the segment is import dependent mainly because of competitive
•
pricing The Module segment is also largely dependent on imports thereby creating unutilized capacity 11
The project is funded by the EU under the EU4Business initiative and implemented by the EBRD
(Source: Mercom India)
Solar Inverters
The India solar inverter market has been dominated by major multinational companies such as ABB India, Delta Power, Bonfiglioli, SMA and others. Major domestic players in the market include Su-kam, Luminous and Microtek. An important factor to be considered for manufacturing/supplying solar inverters for the Indian market is the adaptability to the local Indian conditions. Many available solar inverters in India need to be adapted to Indian conditions, where the utility grid is unstable (frequent power cuts are routine) and has a high voltage fluctuation. Components required for manufacturing PV inverters such as Insulated Gate Bipolar Transistor (IGBT) modules and Digital Signal Processor (DSP) based controllers are largely imported in India.

The rooftop inverter market has a mixed portfolio of Indian and foreign players; however, the market is primarily controlled by foreign companies with about 80% market share
12
The project is funded by the EU under the EU4Business initiative and implemented by the EBRD
E-Mobility in India
The E-Mobility in India can be categorized in 4 markets namely,
Electric 2 Wheelers Electric 3 Wheelers Electric 4 Wheelers Electric Buses
Key Industry Players
13
The project is funded by the EU under the EU4Business initiative and implemented by the EBRD
Key Initiatives by the Government
National Electric Mobility Mission Plan (NEMMP)
The National Electric Mobility Mission Plan 2020 (NEMMP) aims to encourage indigenous hybrid and electric vehicles production through government-industry collaboration.
FAME Scheme
The Faster Adoption and Manufacturing of Hybrid & Electric Vehicles (FAME) in India aims to provide incentives for the use of E-Vehicles across all vehicle segments ranging from two wheelers to light commercial vehicles and buses. The four focus areas of this scheme are technology development, demand development, pilot projects and charging infrastructure As per the FAME 1 Scheme •
Over 100 models identified for subsidies by government under the scheme
•
Depending on technology, battery operated scooters and motorcycles are eligible for incentives ranging between ~USD 25 to ~USD 415
•
Incentives for 3Ws in the range of ~USD 50 and ~USD 870
•
In 4Ws, the incentives range from ~USD 185 to USD 2,000
•
In light commercial vehicles, it is from ~USD 240 to ~USD 2,670, and for buses it is in the range ~USD 48,000 to ~USD 85,000
(Source: FAME Scheme, Department of Heavy Industry)
14
The project is funded by the EU under the EU4Business initiative and implemented by the EBRD
Upcoming FAME II Scheme •
FAME phase II will ensure incentives are given to a wider range of EVs
•
In addition to incentives under FAME I, the scheme will provide subsidies ranging from ~USD 25 to ~USD 900, for a wider range of battery operated vehicles including both 2Ws and 4Ws from
“As of August 2018 around ~USD 38 million worth of incentives were given out and a total of 226,557 vehicles have benefited from the scheme, as per National Automotive Board, under the Department of Heavy Industry ministry” (Source: FAME Scheme, Department of Heavy Industry)
Charging Infrastructure Charging infrastructure is the most crucial enabler in the entire EV value chain. More than 1 million E-rickshaws operate on Indian roads with a lead-acid battery and with increasing fleet of electric cars and buses, the Indian Government has been focused on exploring different charging models while keeping in mind the local conditions to kick-start faster deployment of electric vehicles in the country.
There are currently less than 400 EV public chargers installed across the country, more than 90% of which are AC slow chargers
15
The project is funded by the EU under the EU4Business initiative and implemented by the EBRD
The FAME scheme envisions setting up of adequate public charging infrastructure to instil
confidence among the EV users. The by-laws are being amended under FAME scheme to mandate the charging infrastructure in public places such as government buildings, railway stations, metro stations,
bus depots, fuel stations, commercial buildings, etc. Also, interlinking of renewable resources with charging infrastructure, smart grids, and use of ICT is being encouraged
16
The project is funded by the EU under the EU4Business initiative and implemented by the EBRD
EV Charger Specifications Following the need of hour to develop the charging infrastructure, Ministry of Heavy Industries and Public enterprises along with the recommendations from the automotive industry have finalised the protocol and specifications for charging infrastructure for a different combination of voltage and speed of charging. The protocol and specifications namely, Bharat EV Charger AC-001 and Bharat EV Charger DC001 cater to the immediate need of existing and announced electric 2 wheelers, electric 3 wheelers and passenger cars having battery voltage less than 100V.
IEC 60309 Industrial Socket used by Indian eRickshaws, Mahindra e2o, Mahindra e2o Plus P6
Simple 3 pin connectors coupled with a 15 Amp plug used in Indian e-Scooters
Bharat EV Charger DC-001 recommend the China based GB/T connector standard. Also, Indian electric cars and electric buses use the GB/T port on the vehicles for DC fast charging
17
The project is funded by the EU under the EU4Business initiative and implemented by the EBRD
Key Trends Finnish power firm Fortum (Finland’s clean-energy company) along with NBCC (National Building Construction Corporation) have signed an MoU for developing EV charging stations across the country.
EV Motors India in partnership with Delta Electronics, ABB India launched Its First public EV charging outlet ‘Plugngo’ in Delhi. They further plan to introduce 6500 charging outlets over the next 5 years with a total estimated investment requirement of USD 200 million
Delta Electronics India has launched its complete range of energy electric vehicle charging solutions for India. These chargers are designed to be installed in multiple applications such as parking spaces, highway service, as well as residential and commercial buildings. In line with the government’s vision of ‘Make in India’, Delta Technologies announced its 4
th
manufacturing plant
(Source: Media Releases)
With the ease of charging, Electric 2Ws represents the highest potential for penetration
Start-ups are partnering with cafes, restaurants, malls, complexes to build charging stations and develop EV infrastructure at regular distances
Start-ups are training vendors to become EV grade suppliers
Commercial segment of 2Ws such as delivery bikes offers promising opportunities. They have
high daily run and offers business opportunity by enabling easy access to charging Opportunities in E-Mobility 18
The project is funded by the EU under the EU4Business initiative and implemented by the EBRD
1. EV Charging Infrastructure Development
Underdeveloped market for EV chargers/smart chargers (both equipment & technology)
Lack of expertise in charging infrastructure development services
Technology based solutions for charging (application based solutions)
2. RE Integration & Storage Solutions for EVs
Smart solutions for vehicles to grid
RE integration with EV charging and storage
Lithium battery solutions
Battery management solutions
19
The project is funded by the EU under the EU4Business initiative and implemented by the EBRD
Smart City Mission in India The Ministry of Housing and Urban Affairs (MoHUA) has initiated a ‘Smart City’ mission in India The objective of the mission is to develop and support 100 cities across the country. The mission focuses on
Promoting cities that provide core infrastructure Providing good quality of life to its citizens Providing a clean and sustainable environment by applying ‘Smart’ Solutions The Core infrastructure elements in a Smart City includes:
Adequate water supply Assured electricity supply Sanitation, including solid waste management Efficient urban mobility and public transport Affordable housing, especially for the poor Robust IT connectivity and digitalization Good governance, especially e-Governance and citizen Participation, sustainable environment Safety and security of citizens, particularly women, children and the elderly, and Health and education
(Source: Ministry of Housing and Urban Affairs)
20
The project is funded by the EU under the EU4Business initiative and implemented by the EBRD
For every city shortlisted, the Government has planned financial support for development under Smart City Mission. Smart Solutions as mentioned below presents plethora of opportunities
E- Governance and Citizen Services
1. Public Information, Grievance Redressal 2. Electronic Service Delivery 3. Citizen Engagement 4. Video Crime Monitoring
Water Management 1. Smart Meters and Management 2. Leakage Identification, Preventive Maintenance 3. Water Quality Monitoring
Energy Management
Waste Management
1. Waste to Energy and Fuel
1. Smart Meters and Management 2. Renewable Sources of Energy 3. Energy efficient and green buildings
2. Waste to Compost 3. Waste Water to be treated
21
The project is funded by the EU under the EU4Business initiative and implemented by the EBRD
Waste Management in India By 2025, the waste management market size in India is projected to be worth ~USD 14 Billion while growing annually around 7 percent 
Increasing waste volumes in the country are formulating a new business segment for

the value chain players The total waste generation in India presently hovers around 60-65 MTs per annum, of which only 20 percent is actually treated
(Source: Analysis Reports)
Major Opportunity Zones in India for Waste Management
22
The project is funded by the EU under the EU4Business initiative and implemented by the EBRD
Key Facts
NTPC to set up about 100 waste-to-energy pollution free plants across the country India has a potential to generate approximately 3 GW of electricity from waste by 2050 Central government has been implementing Swachh Bharat Abhiyan, which emphasizes on waste management at different stages of generation, collection and
disposal Municipal solid waste management sector in India is projected to see capital and Operation & Maintenance requirement of close to USD 65 Billion by 2030
(Source: Analysis Reports)
Water & Sanitation Toilet Board Coalition, a 3-year-old consortium of companies, social investors, sanitation experts and non-profits who aim to catalyze market based solutions to fulfil the United Nation’s Sustainable Development Goal, have estimated a ~USD 62 Billion in India’s toilet troubles.
Toilet: House hold and public toilet fixtures; maintenance, repair, hygiene products
Circulation Sanitation: Circulation, transportation, processing Opportunities
of human waste and turning it into products like organic fertilizers, protein oils and more
Smart Sanitation: Consumer and health data collection, analysis and distribution; sensors and data transmission
23
The project is funded by the EU under the EU4Business initiative and implemented by the EBRD
(Source: Toilet Board Coalition)
-End of Document-
Prepared by:
24
The project is funded by the EU under the EU4Business initiative and implemented by the EBRD
25