EQ Magazine November 2017 Edition Part C by EQ Int'l Solar Media Group

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C ONTEN T

VOLUME 9 Issue # 11

Disclaimer,Limitations of Liability While every efforts has been made to ensure the high quality and accuracy of EQ international and all our authors research articles with the greatest of care and attention ,we make no warranty concerning its content,and the magazine is provided on an>> as is <<basis.EQ international contains advertising and third –party contents.EQ International is not liable for any third- party content or error,omission or inaccuracy in any advertising material ,nor is it responsible for the availability of external web sites or their contents

38 CLIMATE CHANGE 5 Things To Know About Bonn Climate Summit

ENERGY STORAGE

Global Energy Storage Market To Double Six Times Between 2016-2030

RESEARCH & ANALYSIS Lazard Releases Annual Levelized Cost Of Energy And Levelized Cost Of Storage Analyses

TECHNOLOGY

ROOFTOP & OFFGRID Merck Receives Gold LEED Certification, Installs Company’s Largest Solar Power Infrastructure in India

High-Efficiency Monocrystalline Solar Surges in 2017. Here’s Why Bifacial Is Next

The data and information presented in this magazine is provided for informational purpose only.neither EQ INTERNATINAL ,Its affiliates,Information providers nor content providers shall have any liability for investment decisions based up on or the results obtained from the information provided. Nothing contained in this magazine should be construed as a recommendation to buy or sale any securities. The facts and opinions stated in this magazine do not constitute an offer on the part of EQ International for the sale or purchase of any securities, nor any such offer intended or implied Restriction on use The material in this magazine is protected by international copyright and trademark laws. You may not modify,copy,reproduce,republish,post,transmit, or distribute any part of the magazine in any way.you may only use material for your personall,Non-Commercial use, provided you keep intact all copyright and other proprietary notices.If you want to use material for any non-personel,non commercial purpose,you need written permission from EQ International.

November Part C 2017

WIND ENERGY ‘Suzlon is well positioned in the transition phase of wind energy sector’

SOLAR POLICY Rent-A-Roof Policy Can Give Residential Solar Energy The Push It Requires

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INDIA Hydrogen Council: Hydrogen Could Contribute To 20% Of Co2 Emissions Reduction Targets By 2050

43 ROOFTOP & OFFGRID Developing power solutions for off grid, poor grid applications in India

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QUARTER RESULTS

ELECTRIC VEHICLES

JA Solar Announces Third Quarter 2017 Results

The Future Of Cars 2040 : Miles Traveled Will Soar While Sales of New Vehicles Will Slow, New IHS Markit Study Says

MIDDLE EAST & AFRICA

West Africa’s Off-Grid Solar Market Boom Drives Lumos Expansion

ELECTRIC VEHICLES

Tesla’s Elon Musk Unveils Roadster, Electric Truck-Here’s The First Look

INDIA India-France cooperation a 'partnership for planet': Le Drian

EQ NEWS Pg. 08-37 TECHNOLOGY MIT Researchers Release Evaluation Of Solar Pumps For Irrigation And Salt Mining In India

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PRODUCT Pg. 79-81

INDIA India has world’s largest electricity access deficit: World Bank

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November Part C 2017

ROOFTOP & OFFGRID

Adityanath launches HCL’s solar plant, lauds the firm for social initiatives

The UP Chief Minister said that HCL would be investing Rs 1,500 crore in the state. Uttar Pradesh Chief Minister Yogi Adityanath laid the foundation stone of a HCL’s 26.3 KW mini solar power plant at Malhpur and lauded the tech company for its social initiatives.

t an event of the HCL’s flagship programme ‘Samuday’, he said it was commendable that HCL was not only giving jobs to the unemployed but also doing a lot of work to improve the lot of people living in villages. He also said that HCL would be investing Rs 1,500 crore in the state. The Chief Minister was welcomed by HCL Chairman Shiv Nadar who presented Adityanath with a ‘angavastram’. HCL officials said that for the last 40 years, HCL has grown symbiotically with the community around, contributing towards the welfare of the whole ecosystem surrounding its centres of operations. In 2011, HCL had set up

HCL Foundation as its corporate social responsibility arm with a vision of achieving inclusive community growth and development. The Foundation is making longterm investments in th w vironment and runs four flagship programmes – HCL Samuday, HCL Grant, Power of One and Urban Community Development with the aim of designing and implementing scalable and replicable models for social transformation. HCL was born in Uttar Pradesh in 1976 and it continues to be the largest private employer in the state, offering direct employment to over 32,000 people across 16 offices. HCL Samuday was launched in UP in 2014.

“HCL Samuday is our initiative to develop a sustainable and replicable model - a source code for integrated economic and social development of rural areas. Currently implemented in three blocks of Hardoi district - Kachhauna, Behender and Kothawan, the programme covers 164 gram panchayats consisting 720 villages and 90,000 households, impacting over 580,000 people” a company official said.

Working across six sectors – education, health, agriculture, livelihood, water and sanitation, and infrastructure in partnership with the state government, village communities, NGOs, knowledge institutions and allied institutions, HCL Samuday has been working towards creating the source code for rural development that can be scaled up and implemented anywhere in the country or in similar global environments. Source: IANS

November Part C 2017

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ROOFTOP & OFFGRID

Azure M-Power Forays Into Rural Electrification Through Mini and Micro Grids Azure Power, a leading independent solar power producer in India, announced its foray into rural electrification through mini and micro grids in the eastern state of Jharkhand.

ccording to the Ministry of Power (DDUGJY: Status update as of Sept. 30, 2017), more than three million households in Jharkhand are unelectrified. In an effort to electrify these households, Jharkhand Renewable Energy Development Agency (JREDA) has awarded projects for design, supply, installation, commissioning and operation for 5 years of decentralised distributed solar PV power plants along with power distribution networks to the unelectrified households. Azure Power has won a project to electrify 320 households across 11

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villages through development of mini and micro grids. The Government of India recently announced ‘Saubhagya’ scheme which sanctioned INR 160 billion (~US$ 2.5 billion) to help achieve the electrification of 30 million households across the country by March 2019. Mini and micro grid development across India is likely to be core to achieving targets under this program. Azure Power is an established leader in the Indian solar industry with the longest track record in developing and operating large utilityscale solar projects. Earlier in 2016, the company launched Azure Roof Power which offers superior rooftop solar power solutions for commercial, industrial, government, and institutional customers in cities across India to lower their energy bill and meet their greenhouse gas (GHG) emission

reduction targets. With the foray into micro and mini grids for rural electrification, Azure M-Power will offer reliable and affordable electrification solutions in villages across India that enables sustainable economic development, inclusive growth and resilience against climate change.

Speaking on this occasion, Inderpreet Wadhwa, Founder, Chairman and CEO, Azure Power said “Azure Power aims to bridge the energy access gap in India through its low-cost and reliable solar power solutions. With the launch of Azure M-Power for electrification of villages across India, we are delighted to make a contribution towards the realization of our Hon’ble Prime Minister’s commitment towards 24×7 power for all.”

November Part C 2017

ROOFTOP & OFFGRID

70% of electricity at pharmacy college in Kalina, Mumbai, comes from sunlight

453 solar panels installed across a 13,500 sq ft terrace generate 15,399 units of electricity every month at Bombay Pharmacy College in Kalina.

ne of the largest rooftop solar power generation system in Mumbai helps Bombay Pharmacy College in Kalina to power 70% of its electricity requirements from the sun. The college saves Rs1.6 lakh every month in electricity bills by running the 140 kilowatt-power (kWp) system that has 453 solar panels installed across a 13,500 sq ft terrace area. The system generates an average 15,399 units of electricity per month and runs lights, fans, air-conditioners, and lifts across 13 laboratories, seven classrooms, the college administration office area and the canteen. For a comparison, a two-bedroom flat in Mumbai uses 300-360 units of electricity per month. Solar energy, apart from being renewable and free, does not cause pollution unlike power plants that burn coal, gas and oil. Solar energy can be used in remote areas where electricity from the grid cannot be accessed.

Founded by the Indian Pharmaceutical Association, Maharashtra State Branch in 1957, the college has over 400 undergraduate, postgraduate and PhD students along with 80 teachers and staff members. The college is spread across 65,000 sq ft area with one quarter-of-an-acre garden that has medicinal plants and a large ground allocated for extracurricular activities and events. The solar project was completed in two phases. In the first phase, a 50kWp setup at a cost of Rs39.5 lakh in May 2015, and in the second phase in February this year, a 90kWp unit was installed for Rs49.5 lakh. “We expect to recover the entire Rs89 lakh by 2021. We have already received Rs14.59 lakh in the form of subsidy (30%) from the state government. We estimate annual savings of Rs20 lakh from this project,” he said. Prior to the solar installation, the monthly electricity bill for the college was Rs3.25 lakh that fell to Rs1.65 lakh post installation. The campus also uses a net-metering system, which allows surplus power generated through solar panels to be sent back to the grid and any deficiency is imported from the grid.

Nitin Navnitray Maniar, chairman, governing body, Bombay Pharmacy College and special executive officer for the state government, said, “We went for such a large-scale setup because this energy source is both eco-friendly and cost-effective, and allows us to give something back to the environment.”

The college also has a rainwater harvesting system that collects water during the rains for use later. The college estimates that it has saved close to 32 lakh litres of water through rainwater harvesting since 2009. The college complex does not depend on the civic body for its non-potable water consumption. The rooftop and common areas act as catchment for rainwater. The water collected is channelled into to a well with a capacity of 50,000 litres, and the water is used in the 45 washrooms on campus.

“The water is also used in our gardens. Channels have been dug up through the campus that allows water to drain into the well. Maniar added that within a month’s time, the campus will also have a functional composting system, which will breakdown the entire organic waste generated at the canteen to manure. We will also reach out to hotels and other complexes to share their wet waste, which we will return to them as manure.” - said Nitin Maniar Source: HT

November Part C 2017

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ROOFTOP & OFFGRID

Hatsun Agro installs solar systems in over 8,500 milk banks Dairy company Hatsun Agro Products (HAP) has announced installation of solar systems - with 100 watt capacity - in over 8,500 Hatsun milk banks situated in villages across Tamil Nadu, Andhra Pradesh, Telangana and Maharashtra.

esides, the company has engaged with Phocos India, a manufacturer of solar-powered panels, charge controllers and components for 1,800 solar panels, worth Rs 2 crore, to be installed in existing and upcoming Hatsun milk banks. With the installation of these panels by the end of the month, 100% of the basic procurement infrastructure (testing, weighing and all lamps) at HAP will be functioning with the help of renewable energy.

To move towards a renewable power supply, Hatsun Agro has commissioned wind power plants - with 24 MW capacity - in Tuticorin along with a solar plant - with 550 KW capacity - that was commissioned during March 2017 in Dindigul.

â&#x20AC;&#x153;We are committed to deliver the highest standards of milk and other dairy products. It is our constant endeavour to utilise renewable energy across all levels. The solar powered Hatsun milk centres will have uninterrupted power supply and will ensure that the weighing scale, testing equipment and all lamps work fully on renewable energy. The major gain for HAP with uninterrupted power supply is certainty of 100% quality assurance at the procurement stage itself, especially when expanding to new territory. HAP will continue to implement new technologies in other processes as well to increase renewable energy usage.â&#x20AC;? - Mr. RG Chandramogan, Chairman and MD, HAP Source: timesofindia.indiatimes

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November Part C 2017

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ROOFTOP & OFFGRID

Fourth Partner Energy Eyeing 1GW Of HMRL Installed Distributed Solar Assets By 2022 Solar Panels On Fourth Partner Energy, a distributed solar company focused on financing, Rooftops Of Four building and servicing rooftop solar projects (RESCO) in India is aiming to close 1GW (Gigawatt) of distributed solar assets by 2022. The company claims Metro Stations to be on track to hit Rs 250-300 crore of revenue this year and plan to cross Rs 1000 crore in the next two years.

The HMRL (Hyderabad Metro Rail Limited) has installed solar panels on the rooftops of four metro stations, to generate solar energy. Among the 24 metro stations on the Miyapur to Nagole stretch, these four stations will be utilising solar energy for various purposes.

“We expect to achieve the Rs 1000 crore mark by end of 2020. A key differentiator that sets us apart from our competitors is our complete in-house capabilities across the value chain including Design, Engineering, Construction, O&M and Financing. This gives us greater control over quality, timelines and costs,” said Vivek Subramanian, Founder & Executive Director, Fourth Partner Energy.

The Four Stations AreNAGOLE UPPAL UPPAL STADIUM

ith government itself being the largest customer, the company has managed to install around 800 MWp of rooftop solar projects across Government managed universities, railway stations, manufacturing and defence facilities. Going further, the company aims to retain the same with a focus on commercial, industrial and government tenders. “The average size of our deals on the OPEX front has almost doubled over the last 6 months. We are currently executing one of India’s largest single shed rooftop

MIYAPUR

solar installation (>6 MWp),” said Subramanian. The company currently we have 300-350 MWp of proposals lined up and is expecting to close 2017 with an executed base of 80 MWp. Seeing the company’s ambitious turnover base, Subramanian mentioned that the company is constantly raising funds. “RESCO projects form a huge part of our portfolio and we see their contribution increasing even further in the coming years. Given the background, the firm is constantly raising funds on both debt and equity end,” added Subramanian.

Speaking on the irrational pricing and solar bidding in the country, Subramanian said, “We have observed instances of the market becoming speculative and players having resorted to irrational pricing while betting on module prices falling further. Most times we have walked away from such deals, and seen several cases where the same customers are still waiting for solar players to execute those contracts. This is not a good sign for the market and we wish players demonstrated more maturity on this front”. Source: businessworld.in

November Part C 2017

2,500

Units Of Clean Energy To Be Generated Daily

early 2,500 units of clean energy will be generated per day through the solar panels installed on the roof tops of the four stations, HMRL authorities informed. A senior official of HMR said, however, the energy generated will be utilised only for certain utilities. HMRL Made Plans For Usage Of Solar Energy HMRL had made plans for usage of solar energy from the inception stage of the project. For this, they had conducted a survey & identified 54,586 square metres of rooftop area on stations, depots & 33.2 acres on ground in depots. This space would facilitate in generating clean & eco-friendly energy to the tune of 15 MW. Generating Of 20 Million Units Of Clean Energy A Year. The entire HMR project has the capacity of facilitating generation of 20 million units of clean energy a year. This will account for nearly 10% of the total energy requirement of HMR. It will aid in reducing the carbon emission by 16,000 tonnes a year compared to the use of conventional energy sources. Source: railanalysis.in

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ROOFTOP & OFFGRID

Amplus partners Indian Army to boost solar energy in J&K Amplus Energy Solutions has partnered Indian Army to provide solar lamps to the people of Gurez valley in Jammu and Kashmir.

urez is a valley located in the high Himalayas, about 123 kms from Srinagar in Jammu and Kashmir, India. At about 8,000 feet (2,400 m) above sea level, the valley is surrounded by snowcapped mountains and is

one of the strategic locations for The Indian Army, a company statement said. Lack of electricity supply, combined with inclement weather, leads to increased hardships for the people of Gurez, it said.

"Solar power can play a key role in providing power to isolated regions which get limited electricity from the government. With this project in Gurez, we are committed to more such projects so to do our part for the society." - Mr. Sanjeev Aggarwal MD and CEO, Amplus Energy Source: thehindubusinessline.com

Agra cantonment Railway Station To Get Rooftop Solar Panels Soon The North Central Railway is installing a 375 kW solar power plant consisting of 1,191 rooftop panels at the Agra cantonment railway station. The station will harness solar energy under a PPP (Public-Private Partnership) model.

The Railway Division To Save Rs 5 lakh Annually : l The division is likely to save Rs 5 lakh annually with this initiative. The private firm is expected to provide power at Rs 4 per unit by the use of solar cell panels. l

“For the next 25 years, the firm will be providing power to all the railway facilities in Agra division. This green initiative will not only help in reducing carbon footprint but also help us to transfer power in remote locations in the future. It will also help in saving diesel,” Sanchit Tyagi, divisional commercial manager of Agra division. A project manager of the private firm said,“Power generation from solar panels will start from November 20. Source: railanalysis.in

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November Part C 2017

ROOFTOP & OFFGRID

IIT lights up Argul school Bhubaneswar: The IIT here has electrified a government school near Argul in Jatni

Mr. R.V. Raja Kumar, director of IIT, Bhubaneswar

he project at Kansapada Primary School has been funded by the state government’s planning and convergence department under the Solar Powered DC Distribution System for Domestic Electrification and Rural Application. The programme was executed by School of Electrical Sciences (SES) of IIT Bhubaneswar. As part of the project, all three rooms of the school have been provided with lights and fans. Additionally, lights outside the rooms and street lights have been installed. The system also has a battery backup and is provided with timer arrangements for automatic switch on and off mechanism. The total connected load is around 200 watts now. With an installed generation capacity of 600 watts, there is enough scope for future expansion of the school with some more lights and fans.

R.V. Raja Kumar, Director of IIT, Bhubaneswar, said: “The aim was to make electricity a reality for the local villages surrounding the institute. It would also set an example for other educational institutes to take similar paths to better the environment around them. IIT Bhubaneswar will shortly have a world-class Centre of Excellence in the Research and Entrepreneurship Park. The centre will have a world-class incubation facility, laboratory, highly focused courses along with education and skill development programmes.”

The centre at IIT will deal with virtual and augmented reality and work on it has begun with contribution of Rs 2.5 crore from author Susmita Bagchi and a matching grant of Rs 2.5 crore from the state. Source: telegraphindia

November Part C 2017

Piyush Goyal inaugurates Vivaan Solar’s 5 MWp solar project for Northern Railways

Union Minister Piyush Goyal Recently launched a 5-megawatt peak (MWp) project of solar plants engineered by Vivaan Solar, a solar PV installation and development company at Hazrat Nizamuddin, Anand Vihar, Old Delhi and New Delhi stations. pread over 7000 Sq m with a capacity of 700 KWp and power generation of about 1,00,000 units, The Hazrat Nizamuddin plant is likely to save a tota l of 75 tonnes of carbon emission per month. Similarly, the plant at Old Delhi railway station is of 1500 KWp capacity, generating 2, 00,000 units of power per month and saving 160 tonnes of carbon emission. The solar plant installed at New Delhi railway station is of 2050 KWp capacity from which 2,50,000 units of power is generated and 200 tonnes of carbon emission is being reduced per month.Besides this, the plant installed at Anand Vihar railway station is of 800 KWp from which 1, 00,000 units of energy will be generated and 80 tonnes of carbon emission is saved per month.

This project of Vivaan Solar and Northern Railways is aimed at reducing the national transporter’s carbon footprints to around 6,082 tonnes and will save Rs. 421.4 lakh for the railways annually. As per the contract, it is also decided that the company will monitor and maintain the power plants for the first 25 years and the payment cost is settled up at Rs 4.14 per unit on energy consumed, as of now.

“It’s a grand success for Vivaan Solar to kick-start the first solar power project of Northern Railways within the stipulated period of time and helping them get rid of fuel and coal expenses of around Rs. 421.4 lakh. This project has further cemented the company’s position as one of the best and highly competitive contenders in the solar industry,” said Director Finance Vivaan Solar, Amit Bansal. Vivaan Solar recently launched a mobile app ‘My Vivaan App’ to make people aware of the benefits of solar power. With the help of this app, Vivaan’s consumers can keep themselves updated about daily consumption, operation, maintenance status, billing, and so on. Source: ANI

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ELECTRIC VEHICLES

NITI Aayog releases proposal for a quick pilot on EV charging infrastructure in Delhi NITI Aayog Vice Chairman, Dr. Rajiv Kumar, released a proposal to develop electric vehicle charging infrastructure in Delhi. The proposal was drafted by AC2SG in collaboration with NITI Aayog.

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he proposal for the quick pilot could be used to provide a structure for EV infrastructure rollout in the Gurgaon-IGI-South DelhiNoida corridor. This planning will make the actual rollout easier and faster and also save cost on the deployment. The planning process is based on a five-step process; 1) project kickoff, 2) formation of “long list” of locations, 3) streamlining and timing, 4) documentation and 5) wrap-up This proposal for developing the pilot includes 55 locations with 135 charging stations of which 46 are DC quick charging stations and 89 are slower AC charging stations. This deployment would require co-operation with state governments, selected government authorities and companies as well as some private enterprises (e.g. DIAL at IGI, DLF Mall). The plan includes a deployment timeline with first installations in November 2017. The plan is implementable, it includes a large number of stations. Further expansion of this in Delhi NCR and other cities in India is something to be considered based on the experience from this “Quick pilot”.

November Part C 2017

ELECTRIC VEHICLES

solar powered e-rickshaws promise to cut down indias vehicular emissions Around 400 e-rickshaws in Jabalpur have been fitted with solar panel with the larger objective of such panels replacing the city's entire fleet of diesel-powered three-wheelers.

utomation company ABB recently introduced solar-power technology to some 400 e-rickshaws plying on the roads of Jabalpur in Madhya Pradesh with the larger aim of replacing the entire fleet of about 5,000 diesel-powered rickshaws in the city. According to a study by the company, the renewable energy will help the city save 46,000 barrels of fuel each year and prevent 17,000 tonnes of CO2 emission annually.

"We are creating renewable-based infrastructure for the e-rickshaws at nine locations throughout the city," said Sachin Vishvakarma, CEO, Jabalpur City Transport Services Ltd. "For this project, we generate solar power - some of which is fed back to the grid."

Many e-rickshaws in Jabalpur have been fitted with solar panels.

ickshaws have been India's favourite mode of public transportation for decades. A common sight in both big and small cities in the country, three-wheelers have added to comfort and convenience of passengers. Their increasing numbers though has also been identified as a contributing factor in the ever-rising air pollution. And that is where e-rickshaws - especially those powered by solar energy - promise to bring about a massive change.

A vast majority of three-wheelers in the country run on fossil fuels and/or CNG. Adding solar-power to the fast increasing e-rickshaw fleet is expected to not just help bring down running cost but also cut back on environmental damage in a country where auto rickshaws alone burn 34 million barrels of fuel and emit 12 million tonnes of CO2 each year. And with some estimates revealing that 750,000 rickshaws are added to Indian roads every year, these numbers can only go up unless sustainable and green technologies are incorporated. Source: ZEE News

Delhi metro to cover pedestrian bridges, install solar panels to generate power

Delhi Metro will install solar panels on the roof of pedestrian overbridges to generate clean and cheaper energy for use at stations.

he first project will be taken up on a 250-metre overbridge at Kalkaji station on the soon-to-start Botanical Garden-Janakpuri West line in the phase 3 expansion of the rail network. Power comprises 34 per cent of Delhi Metro Rail Corporationâ&#x20AC;&#x2122;s total input cost. The corporation had cited rising power costs as one of the main reasons for justifying the recent tariff hike. According to Hindustan Times, DMRC has so far commissioned solar power facilities with a generation capacity of approx. 2,800 kWp with

plants at Dwarka Sector 21, Anand Vihar, Pragati Maidan, Metro Enclave, Yamuna bank station, Yamuna bank depot, Faridabad RSS, ITO, Ajronda depot and the Faridabad metro stations. It has also signed an agreement with the Rewa Ultra Mega Solar to source 35 million units of solar power to meet effectively the entire energy needs on the phase 3 network. Since most of the pedestrian over bridges or foot over bridges (FOBs) at Metro stations do not have roofs, the corporation will check the feasibility of the project at Kalkaji. If it is a success, then it will replicated at other stations. Source: electronicsb2b

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ELECTRIC VEHICLES

ABB’s solar charging tech to charge erickshaws in Jabalpur Sweden-based technology conglomerate ABB India is to provide its solar inverter technology for powering e-rickshaw charging stations at four locations in Jabalpur.

sing solar renewable energy, the panels at the charging station generate direct current (DC) energy, while the inverters convert DC power to alternate current (AC) used in charging the e-rickshaws. The solar powered charging stations are part of a renewable energy project initiated by the Jabalpur Smart City Corporation. The solar panels are also

connected to the state grid to feed in additional power generated through net metering. The inverters are also equipped with Wifi connectivity for remote monitoring and centralised billing provisions in the future. It says that Jabalpur currently has around 400 licensed e-rickshaws plying in the city. ABB India estimates that currently conventional rickshaws emit at least

“We are privileged to partner Jabalpur’s journey in pollution-free and environment-friendly transportation with ABB’s market-leading charging technology for these e-rickshaws. Such pilot projects are key to creating a wider eco-system of clean energy generation and consumption and realising India’s vision of 175 GW of renewable energy by 2022. It is an important step that this project has been included as part of the Smart City Mission, as this will aid faster deployment of such technology and also ultimately different modes of EVs and charging infrastructure can be explored with the required urban planning and development.” - said Sanjeev Sharma, MD, ABB India

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46 tons of CO2 per day in the city. It says the project is one of the first of its kind in the country, demonstrating green generation and green usage. The charging stations are capable of generating 50 kilowatts of electricity, can charge four e-rickshaws simultaneously, taking between 7 to 8 hours for a full recharge and enabling the vehicle to travel 100 to 150 kilometres.

“We are creating renewablebased infrastructure for the e-rickshaws at nine locations throughout the city. For this project we generate solar power, some of which is fed back to the grid. The rickshaw owner’s price for recharging from the grid would be Rs 40-50, compared with Rs 30 from the solar charging station. - said Sachin Vishvakarma, CEO, Jabalpur City Transport Services Source: autocarpro.in

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ELECTRIC VEHICLES

I Alstom presents APS for road, its innovative electric road solution On the occasion of the visit of French President Emmanuel Macron to Sweden, Alstom presents its electric road project at the Volvo Group headquarter in Gothenburg. This innovation contributes to cleaner mobility, and broadens Alstom’s green solutions portfolio.

n partnership with Volvo Group, Alstom participates in an Electric Road Systems project initiated by the Swedish Energy Agency, adapting its APS ground-level electrification solution currently used for trams to application for road. A demonstrator designed to power electric trucks is implemented and evaluated on a Volvo Group test track in Sweden. For this project, Alstom has provided the full electrification system, including conductive power segments built into the surface of the road. Europe (particularly Sweden, Germany, UK and France) and the US are the front-runners for the implementation of electric roads. APS is originally a dynamic feeding solution for trams, service proven in 7 networks worldwide including Bordeaux, Rio de Janeiro and Dubai, and totaling more than 30 million kilometres run. Other developments derived from APS include SRS, a system designed for the static recharge of trams and electric buses equipped with on-board energy storage. APS for road has been developed in Alstom’s sites in Vitrolles and Saint-Ouen.

“Alstom is proud to partner with Volvo Group on this innovative and green technology for electric roads. Alstom is well known in Sweden for trains and maintenance, but we are now growing in signalling and infrastructure as well”, said Rob Whyte, Managing Director of Alstom in the Nordics.

Fortum India, Nagpur MC ink MoU to set up EV charing infra Fortum India said it has signed an MoU with Nagpur municipal corporation to develop charging infrastructure for e-vehicles.

he MoU covers planning, designing, investment, operation and maintenance, and management of the charging infrastructure using cloud based system, the company said in a statement. Fortum and Nagpur Municipal Corporation will undertake the project in collaboration. The working arrangement for execution of the activities will soon be decided between the two parties, it said. Fortum India Private Ltd is a subsidiary of Finnish clean energy company Fortum Oyj. Source: PTI

November Part C 2017

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November Part C 2017

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ELECTRIC VEHICLES

Government Asks Automotive Companies To Expedite Electric Vehicle Manufacturing In India; To Come Up With EV Policy Soon The Indian government has further pushed the Indian automotive companies to expedite the electric vehicle manufacturing in the country. As per reports, the government is studying global markets to formulate an EV policy surrounding electric mobility and storage.

“We want electric vehicle manufacturers and also the people in renewable storage to set up their facility in India. We have a huge, ambitious target, and storage is the future of it,” a senior government official told ET

e further added, “We are working to make India a manufacturing hub, and we would work on a policy which should facilitate that. We have started discussions with various stakeholders and we will try to bring in the right kind of policies at the right point of time.” As per people close to the development, the framework for electric vehicle ecosystem will come under the purview of government think tank Niti Aayog. “Because there are a number of stakeholders, Niti Aayog will anchor this in a manner that roles and responsibilities of various ministries involved are defined and coordinated.” However, considering that the market is lucrative enough to achieve the revenue targets, no additional incentives will be provided to the electric vehicle manufacturing companies. On the contrary, the government recently announced to provide incentives to cities for faster adoption of electric vehicles under FAME India scheme. Electric Vehicles Ecosystem In India: Recent Initiatives Taken By The Government Last month, the Indian government held talks with around 50 companies, seeking investment from a number of companies, both domestic and foreign to develop the charging infrastructure for electric vehicle ecosystem in the country.

November Part C 2017

The government also identified a few key areas to push emobility drive in the country. “Discussions have been done around how to galvanize domestic manufacturing in this field, how storage can be upgraded over a period so batteries are not imported, what policy changes in the electricity sector are required to push for charging stations in a big way,” as stated by an official to ET. Since the start of the year 2017, the Indian government is working furiously with the manufacturing companies in lines with the vision of making India a truly electric vehicle nation by 2030. From granting incentives to citie to inviting bids for charging points, to actively remain engaged in creating a path for global companies like Tesla, the Indian government is trying to tap every possible corner currently. Here is a quick timeline on the initiatives taken by both the government and Indian manufacturing companies in last few months in the electric vehicle segment.As per a report by the Society of Manufacturers of Electric Vehicles, there has been a 37.5% rise in the sale of EVs in India in recent years. In the last couple of years, the government has doubled down in its efforts to make India a 100% electric vehicles nation. The yet-to-be-formulated EV policy is expected to open doors for the new entrants in this space.

Solar electric charging 30 per cent cheaper than grid-linked: ABB India Engineering firm ABB India today said it has installed solar electric charging stations at Jabalpur to cater to 400 e-rickshaws, which will make it 30 per cent cheaper than grid connected power.

"ABB India is providing critical technology through its solar inverters for solar powered charging stations for e- rickshaws at four locations in Jabalpur," a company statement said.

ccording to details provided by company, the rickshaw owner's cost for recharging from the grid for a day is Rs 40- 50 where it is Rs 30 from the solar charging station installed by ABB India. The company said Jabalpur currently has 5,000 petrol/ diesel rickshaws which emit 46 tonnes of carbon dioxide per day and consume 20,000 litres of fuel daily. The solar charging stations would help 400 erickshaws save around 1,600 litres of fuel and 37 tonnes of CO2 emission per day, it said. The solar powered charging stations are part of a renewable energy project initiated by the Jabalpur Smart City Corporation. The solar panels are also connected to the state grid to feed in additional power generated through net metering.

"Such pilots are key to creating a wider eco-system of clean energy generation. It is an important step that this project has been included as part of the Smart City Mission, as this will aid faster deployment of such technology and also ultimately different modes of EVs and charging infrastructure can be explored with the required urban planning and development.” - said Sanjeev Sharma, Managing Director, ABB India "We are creating renewable-based infrastructure for the e-rickshaws at nine locations throughout the city. For this project we generate solar power, some of which is fed back to the grid,” - said Sachin Vishvakarma, CEO, Jabalpur City Transport Services Ltd. Source: The New Indian Express

Source: inc42

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COP 23

$1 billion guarantee can lead to $15 billion investment for solar energy A USD 1 billion guarantee could crowd in up to USD 15 billion of investments for 20 GW of solar PV capacity in more than 20 countries, says a study by Common Risk Mitigation Mechanism.

he CRMM is a multilateral market platform, which received initial support from 17 countries with high solar potential, including India, France, Australia, Mali, Namibia, and Nigeria. The study was released yesterday at the India Pavilion at the COP23 climate negotiations in Bonn, according to an officials statement here today. It outlines the 20 GW plan as a pilot phase with its eventual aim to leverage billions of dollars of impact capital to catalyse USD 1 trillion of domestic and international private institutional capital, and transform global renewable energy markets. If successful, the CRMM could

help build over 1 terrawatt (TW), or 1000 GW, of solar power generation capacity in low and middle-income countries by 2030, it said. A multi-stakeholder Taskforce comprising the Council on Energy, Environment and Water (CEEW), the Confederation of Indian Industry (CII), the Currency Exchange Fund (TCX), and the Terrawatt Initiative (TWI) designed the feasibility study on the request of 17 signatory countries of the International Solar Alliance. The study also presents recommendations to governments of low and middle-income countries to accelerate their solar energy generation capacity, at scale and in local currency.

The idea is to develop a sustainable financial ecosystem, centred around an international guarantee mechanism, which could pool various types of risks and pool projects across many countries to lower the costs of hedging against those risks. Financing of solar power generation assets in a majority of developing countries suffers from a lack of risk mitigation tools, a high perception of risk among investors, high transaction costs, small project sizes, and lack of scale, it said. Source: PTI

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November Part C 2017

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COP 23

International solar alliance to support setting up 1000 GW of solar energy capacity As US touts coal, Prime Minister Narendra Modi’s sunshine club gets ambitious. Just weeks before it is recognized as a United Nations treaty organization, the International Solar Alliance announces a target to support setting up 1000GW of solar energy capacity by 2030 across its member countries.

his initiative by India to harness the untapped resource of sunshinerich countries between the Tropics of Cancer and Capricorn was backed by the France, and was launched at the Paris climate talks in 2015. Sixteen countries have ratified the framework agreement of the International Solar Alliance (ISA) and it will come into force on December 6, when it will recognized as a UN treaty body. The ambitious target that will help move countries, especially developing countries, on a low carbon energy path was announced on the day that the United States touted the value of coal as a energy source at an official programme organized by the US government at the UN-sponsored climate talks. The bulk of the 121 countries that are located within the tropics are rich in solar resources despite which large sections of their populations have little or no access to energy. The Alliance aims to remedy this situation by offering cooperation for better technology diffusion, faster costs reductions, and sound policy lessons to partners of the coalition.

November Part C 2017

“The 1000 GW target has been set by the ISA. It will be met through projects that ISA will support under its various work programmes. This target does not take into account renewable energy targets or projects that countries are pursuing on their own as part of their national efforts,” said Anand Kumar, Secretary, Ministry of New and Renewable Energy.

T T

he ISA is focused on identifying solutions that are locally appropriate and for difficult conditions, while remaining affordable. he alliance is “bold global initiative” on which “our hope for a sustainable planet rests” as developing world works to life billions of its people into prosperity. In an effort to ensure faster difussion of solar energy especially in the poorest countries, India has called on the industrialised countries to earmark a percentage of Overseas Development Assistance towards solar energy projects in developing countries.

t the heart of ISA’s manadate is ensuring the successful take of efforts on the ground that furthering the adoption of solar energy. To this end, India which the brainchild behind the alliance suggested that Multilateral Development Banks and other financial institutions support solar projects through low-cost finance, and research & technology institutions worldwide try their utmost to bring the cost of solar power and storage within reach of all. Source: economictimes.indiatimes

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INDIA

Sembcorp wins another wind power project in India Singapore – The renewable energy business arm of the Sembcorp has won another bid to set up a 250megawatt wind power project in India, company officials said

embcorp Green Infra won the bid and also received an official letter of the award of the project following a tender process conducted by the Solar Energy Corporation of India (SECI) on behalf of the Government of Indias Ministry of New and Renewable Energy (MNRE).

“This makes Sembcorp, a utility player which has won the largest combined capacity in Indias two national wind power tenders so far,” they said. The Project Would Be Developed In Phases And Will Become Fully Operational By The First Half Of 2019. The Company Had Sequied. Upon completion of the project, powergenerated from it would be sold to the SECI, under a 25-year long-term power purchase agreement. The project will be connected to Indias Central Transmission Utility and supply power to multiple states, helping them to meet their renewable energy requirement.

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“We are pleased to have secured backto-back wins in both national wind power tenders held to date. This demonstrates Sembcorp?s strong renewable energy capabilities,” said Sunil Gupta, Managing Director and CEO of Sembcorp Green Infra.

Vipul Tuli, CEO & Country Head of Sembcorp India, added, “This new renewable energy project is in line with Sembcorp?s strategy to make our energy business in the country stronger and more sustainable. It also reinforces our commitment to India, and to playing a role in powering the country?s continued progress.”

This new project will expand Sembcorps presence in Indias power market.

he company has over 4,000 megawatts of power capacity in operation and under development in the country, comprising both thermal and renewable energy assets. In addition, the project also strengthens Sembcorps global renewable energy business, which it has been actively growing as part of a balanced portfolio. The company has wind, solar and biomass energy as well as energy-from-waste projects in Singapore, China, India and the UK.

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INDIA

Shri R.K. Singh launches the National Power Portal(NPP) a Centralized Platform for Collation and Dissemination of Indian Power Sector Information NPP to be a single point interface for all Power Sector Apps launched previously by the Ministry Shri R.K. Singh, Minister of State (IC) for Power and New & Renewable Energy, launched the National Power Portal (NPP)here . The portal may be accessed at http://npp.gov.in.

The NPP Dashboard has been designed and developed to disseminate analyzed information about the sector through GIS enabled navigation and visualization chart windows on capacity, generation, transmission, distribution at national, state, DISCOM, town, feeder level and scheme based funding to states. The system also facilitates various types of statutory reports required to be published regularly.The Dashboard would also act as the single point interface for all Power Sector Apps launched previously by the Ministry, like TARANG, UJALA, VIDYUT PRAVAH,

GARV, URJA, MERIT. NPP is integrated with associated systems of Central Electricity Authority (CEA), Power Finance Corporation (PFC), Rural Electrification Corporation (REC) and other major utilities and would serve as single authentic source of power sector information to apex bodies, utilities for the purpose of analysis, planning, monitoring as well as for public users. The system is available 24×7 and ensures effective and timely collection of data. It standardized data parameters and formats for seamless exchange of data between NPP

NPP is a centralised system for Indian Power Sector which facilitates online data capture/ input (daily, monthly, annually) from generation, transmission and distribution utilities in the country and disseminate Power Sector Information (operational, capacity, demand, supply, consumption etc.) through various analysed reports, graphs, statistics for generation, transmission and distribution at all India, region, state level for central, state and private sector.

and respective systems at utilities. The stakeholders of NPP are Ministry of Power (MoP), CEA, PFC for Integrated Power Development Scheme (IPDS), REC for Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY), other power sector utilities in government as well as private sector, Apex Bodies, other government organizations and public users. The Nodal Agency for implementation of NPP and its operational control is CEA. The systemhas been conceptualized, designed and developed by National Informatics Centre (NIC).

India asks FIs to provide support to solar projects India has suggested that Multilateral Development Banks (MDB) and other financial institutions must provide wholehearted support for solar projects through low cost finance, and research & technology institutions worldwide try their utmost to bring the cost of solar power and storage within the reach of all. 28

t a Curtain Raiser Eve nt for the Founding Ceremony of the International Solar Alliance (ISA) held at Bonn, Germany yesterday, Anand Kumar, Secretary, Ministry of New and Renewable Energy also invited corporates and other institutions to support solar energy development and deployment in every possible manner.

November Part C 2017

Speaking at the event, Mr Kumar hoped that, in the spirit of affirmative action, developed countries will earmark a percentage of Overseas Development Assistance (ODA) towards solar energy projects in developing countries.

Recalling that the ISA initiative is the vision of Prime Minister of India, Narendra Modi, Kumar reaffirmed Indian Government’s continued support for the ISA. He also spoke about the Government plans to increase the share of renewable energy in India’s energy mix, especially towards achieving cumulative installed renewable power capacity of 175GW by 2022.

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INDIA

Government of India committed to phase out HCFC by 2030 Ministry of Environment, Forest & Climate Change (MoEF&CC) and United Nations Environment Programme (UNEP) as a part of their commitment to completely phase-out Hydrochlorofluorocarbons (HCFCs) by the year 2030 in India, have organized several national level workshops on implementing Energy Efficiency and phasing out HCFCs in the Building Sector.

hese workshops were organized by Ozone Cell, MoEF&CC with support from Energy Efficiency Services Limited (EESL) and The Energy and Resources Institute (TERI).

The last workshop was held in Delhi and was attended by Climate Change experts like Shri Gyanesh Bharti, Joint Secretary, MOEF&CC; Dr. Ajay Mathur, Director General, TERI; Mr. Atul Bagai, Country Director, UNEP India; Mr. Bjarne Olesen, President, ASHRAE; Dr. Amit Love, Joint Director, MoEF&CC and Mr. SP Garnaik, Chief General Manager, EESL among other dignitaries.

The workshop introduced HCFC phaseout plan for the stakeholders in building sector. It also helped to understand the existing regulatory framework in the sector to support HCFC phase-out management plan, preparedness of various stakeholders, probable hurdles and drawbacks that is needed to overcome for successful implementation of HPMP in building sector. Further it also helped to find out the preparedness of the sector for future phasedown of HFCs (hydrofluorocarbon).

Stakeholders from construction industry, building developers, building owners, academia, manufacturers, industry associates, consulting agencies and policy makers were part of the workshop. The refrigeration and air-conditioning systems in buildings account for significant amount of HCFC consumption and energy use in buildings. Increase in real estate and infrastructure development activities across all major sectors in India is leading to necessary push to the high demand of HCFC based solutions. Apart from using HCFC based solutions, energy efficient building design can also directly reduce the demand for refrigerants by considering the climate and sunlight, making it possible to use smaller air-conditioning equipment & other ozone depletion substances. After successfully implementing HCFC phase-out management plan (HPMP) Stage-I, Government of India launched the stage-II in March 2017. The key aspect of the plan is to provide technical assistance and awareness programmes to all industries, especially the small and medium-sector. Also, EESL is working towards retrofitting 10,000 buildings with energy efficient appliances in next 3 years.

The latest Kigali Amendment to the Montreal Protocol calls for the phase down of HFCs to control the greenhouse gas emission due to its use. As per the Montreal Protocol, India must achieve complete phase out of HCFCs by 2030 and start phase down of HFCs by 2028. It has been identified that, about 70-80% of the Ozone Depleting Substances (ODSs) which include HCFCs are used in refrigeration & air-conditioning (RAC), building insulation and firefighting equipment, contributing to both direct and indirect CO2- emissions. Therefore, buildings will have a significant impact on emissions in the years to come. Energy efficiency in buildings and equipment has been identified as the key to mitigating both ozone depletion and impacts on climate change. Energy experts have identified a threepronged approach as a key in phasing out the use of HCFCs in buildings. First, reduce demand for refrigerants through energy efficient equipment and buildings. Second, replace HCFCs with zero Ozone Depleting Potential (ODP) and low Global Warming Potential (GWP) alternatives that achieve both ozone protection and climate benefits. Third, use not-in-kind alternative technologies that do not rely on Ozone Depleting Substances (ODS).

The transition from HCFCs to environment-friendly, technically proven and economically viable alternatives is a challenging task particularly for a developing country. However, India has voluntarily followed a low carbon development path, while phasing out HCFCs by adopting non-ODS, low Global Warming Potential (GWP) and energy-efficient technologies in its HCFC Phase Out Management Plan (HPMP), which is unlike growth paths taken by many countries in the developed world. www.EQMagPro.com

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INDIA

India plans 20GW solar tender, eyes domestic manufacturing boost The 20GW solar tender will help further lower solar power tariffs in India and spur local manufacturing of equipment like solar panels.

ndia plans to invite bids for setting up 20 gigawatts (GW) of solar power capacity—the world’s largest solar tender—at one go, in an attempt to spur domestic manufacturing of solar power equipment.The effort will help further lower the country’s solar power tariffs and provide a boost to the National Democratic Alliance (NDA) government’s Make in India plans. Most solar power developers in India have been sourcing solar modules and equipment from countries such as China, where they are cheaper. This has resulted in domestic manufacturers accounting for only around 10% of the market despite India having an ambitious 175GW clean energy target by 2022, of which 100GW is to come from solar projects. “We are planning to introduce the idea of mega bids to boost solar equipment manufacturing in India. This may also result in a substantial reduction in tariffs,” a senior government official said on condition of anonymity. According to the contours of the tender being worked out, the ministry of new and renewable energy (MNRE) plans to award these contracts to developers who will quote the lowest price at which they will sell electricity in the auction process for the grid-

linked capacity. The projects are expected to be commissioned in phases. “The tender is being conceptualized by MNRE. These contracts will be awarded in one go with developers to construct projects in phases. Once people see visibility of such projects, then manufacturing can kick in,” said a second person aware of the development, who declined to be named. Solar modules, or panels, account for nearly 60% of a solar power project’s cost. For China’s solar panel manufacturers, with a capacity estimated to be around 70GW per year, the major markets are the US, India and China itself. Solar tariffs fell to a record low of Rs2.44 per kilowatt hour (kWh) in May, and firmed up to Rs2.65 per kWh in an auction by the Gujarat government in September. These tariff levels are lower than the average rate of power generated by coal-fuelled projects of India’s largest power generation utility, NTPC Ltd. “The mega tender has been in discussions. For it to be effective, a holistic view needs to be taken with reference to land availability and the evacuation of the electricity generated,” said another government official, who also spoke on condition of anonymity. The consultations have started, but there are issues in terms of land and evacuation of power, added the first government official.

Raj Kumar Singh, minister for power and new and renewable energy, has

announced that 20GW each of wind and solar power contracts will be auctioned to help India achieve its ambitious clean energy target by 2022. “It is a good plan but will face the challenges of who will sign the PPAs (power purchase agreements) of this quantum? That has to be planned,” said the second person cited earlier. The solar industry welcomed the move; firms are hoping problems associated with the sector are adequately addressed.

“It is a great move. Bidding pipeline has gone dry for quite some time and this is very much welcome. This reinforces the government’s commitment to solar… I would also hope that issues related to land acquisition, electricity evacuation and PPAs are simultaneously addressed,” said

Sanjay Aggarwal, managing director at Fortum India Pvt. Ltd.

The tender comes against the backdrop of concerns that declining green energy tariffs may result in electricity offtake commitments from wind and solar projects at higher tariffs not being honoured. “One needs to accept the new reality that with the current module prices and looking at their trend in coming months, it’s hard to imagine that tariffs would be sub-Rs3 per unit,” added Aggarwal. Queries emailed to an MNRE spokesperson remained unanswered. Seized of the issue, the government has planned a legal route for power sector reforms that include enforcement of signed PPAs, making it mandatory for any power distribution company to have PPAs covering 100% of the annual average demand, penalties in the event of electricity generators’ dues not being cleared in time and statutory renewable purchase obligations. Source : livemint

November Part C 2017

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INDIA

COP 23 at Bonn: India has resolved to be a strong leader on climate action Actions to slow climate change are not only being taken by the national government. State governments, businesses, civil society, and individuals are pitching in to move far beyond commitments.

his week a major United Nations gathering on climate change gets underway in Bonn, Germany. Countries around the world will take this opportunity to showcase their actions taken to fulfil pledges under the landmark 2015 Paris agreement on climate change, another step

In India, Prime Minister Modi has already indicated that the country will go “above and beyond” the Paris agreement, with a call to action: “We must leave for our future generations a climate wherein they can breathe clean air and have a healthy life.” On his watch, the government has demonstrated a deep understanding of the need to reduce India’s dependence on fossil fuels, and a recognition of the severe effects of carbon emission pollution on human health.

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forward under the United Nations Framework Convention on Climate Change (UNFCCC). But it’s clear that there is still much ground to cover. The Emissions Gap Report 2017, an annual audit of national mitigation efforts and the goals presented by countries in their vol-

But actions to slow climate change are not only being taken by the national government. State governments, businesses, civil society, and individuals are pitching in to move far beyond commitments. India stands on the cusp of an energy revolution. In just the past year, the country added 11.3 gigawatts (GW) of renewable energy capacity, making critical progress towards its ambitious target of 175 GW of renewable energy generation by 2022. Some of India’s largest states, including Gujarat, Madhya Pradesh and Rajasthan are pitching to use renewables to power their growth. The Indian Railways, one of the biggest consumers of electricity in the country is planning a future based on greater energy efficiency. And it’s perhaps small and medium sized enterprises, who are championing the cause of a cleaner future for us, fastest and with the most impact. As we speak, 1,100 steel re-rolling mills across the country are adopting a series of technologies to become more energy efficient, aiming to save emissions equal to 3 million cars each year.

In doing so, they expect to save Rs. 1,000 crore in a single year. Meanwhile big gains are also being demonstrated by the khadi handloom sector, with many looking to replace power looms with solar-run systems. At the other end of the spectrum, cities like Indore are pioneering effective waste management systems to deal with plastic, one of the biggest environmental threats facing us today. Recycled plastic is used in road construction and cement factories, reducing thousands of tonnes in emissions and building better livelihoods for those entrusted with keeping our cities clean.

untary Nationally Determined Contributions (NDCs), finds that pledges to reduce current emissions are only about one-third of what is needed to prevent catastrophic temperature increases. The NDCs must therefore be the floor, not the ceiling, of ambition.

These achievements and commitments are a testament to India’s resolve to be a strong leader on climate action. The country has often played crucial role, bringing many countries together to negotiate on a common platform. More importantly, India has made compelling arguments about the need for nations to bridge development and climate action on issues of equity, finance and technology. The Bonn summit will be crucial in determining the continued success of the Paris agreement. The essential foundation for how international climate action will be advanced was laid in Paris. Now the strategy on how countries can be held accountable to their NDCs and incentivised to do even more will be written in Bonn. This means making significant progress in some of the more knotty issues in international climate diplomacy, such as financing and technology transfers from developed countries to developing nations. In addition, negotiators will focus on building greater transparency and accountability in how countries report progress and a new fiveyear cycle to assess progress and spur parties to announce stronger emissions reduction targets. Negotiations will also push for an increase in the level of detail countries provide alongside future targets so the environmental implications can be fully understood. The Paris agreement created a dynamic process for countries to adopt more aggressive commitments by 2020. I am confident that far from falling short in meeting the goals of the Paris accord, experiences from countries like India will only add to our collective ambition to act on climate change. Source: HT

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INDIA

Curtain Raiser Event held for the Founding Ceremony of International Solar Alliance in Bonn, Germany A Curtain Raiser Event for the Founding Ceremony of the International Solar Alliance (ISA) was held at Bonn, Germany.

Speaking at the event, Shri Anand Ku-

mar, Secretary, Ministry of New and Renewable Energy, Government of In-

dia hoped that, in the spirit of affirmative action, developed countries will earmark a percentage of Overseas Development Assistance (ODA) towards solar energy projects in developing countries. He suggested that Multilateral Development Banks and other financial institutions provide wholehearted support for solar projects through low cost finance, and research & technology institutions worldwide try their utmost to bring the cost of solar power and storage within the reach of all. Shri Kumar also invited corporates and other institutions to support solar energy development and deployment in every possible manner. Recalling that the ISA initiative is the vision of Prime Minister of India, Shri Narendra Modi, Shri Kumar reaffirmed Indian Government’s continued support for the ISA. He also spoke about the Government plans to increase the share of renewable energy in India’s energy mix, especially towards achieving cumulative installed renewable power capacity of 175GW by 2022.

November Part C 2017

Shri C.K. Mishra, Secretary, Environment, Forest and Climate Change, Government of India, underlined the need for visualising solar energy in the context of sustainable development goals. He emphasised upon the need for arranging technologies, finance and capacity building for solar energy projects, as well as for developing storage technologies. He also suggested that there is a need to work in the areas of renewable power evacuation and application of off-grid solar energy.

Shri Upendra Tripathy, Interim Director General of the ISA, informed that ISA will become a treaty-based international intergovernmental organisation on 6 December 2017. 44 countries have already signed the ISA treaty, and many more are set to join. He spoke on the ISA’s three ongoing programmes: facilitating affordable finance for solar, scaling up solar applications for agriculture, and promoting solar mini-grids in Member Nations. The discussions also covered the ISA’s Common Risk Mitigation Mechanism (CRMM) project, aimed at de-risking investments into solar energy projects in developing countries, and thereby, encouraging flow of funds into the sector.

Speaking at the occasion, H.E. Segolene Royal, Special Envoy for the implementation of the ISA, Government of

France, emphasised upon five key points to accelerate global solar deployment: setting concrete goals, developing and leveraging common tools, enhancing projects, establishing decentralised PV solutions, and forging new partnerships that capitalise on complementary capabilities.

The ISA was jointly launched on 30 November 2015 by Prime Minister of India, Shri Narendra Modi, and then-President of France, H.E. François Hollande, on the side lines of the UNFCCC Conference of Parties 21 (CoP21) at Paris, France. The ISA is a treaty-based alliance of 121 prospective solar-rich Member Nations situated fully or partially between the Tropics, and aims at accelerating development and deployment of solar energy globally.

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INDIA

Govt planning ‘rent a roof’ policy in solar power push Under the ‘rent a roof’ policy, the developer will take rooftops on rent and will offer lease to each household, and then feed the solar power to the grid, says renewable energy secretary Anand Kumar.

he Union government is working on a “rent a roof” policy to support its ambitious plan to generate 40 gigawatts (GW) of power from solar rooftop projects by 2022, said Anand Kumar, secretary in the ministry of new and renewable energy. The government is also planning to bid out wind power contracts totalling 24.5 GW over the next two years.

“We are planning a ‘rent a rooftop’ policy,” said Kumar in his first interview after assuming charge at the ministry.

While investors have been enthused by India’s large groundmounted, grid-connected solar parks, the solar rooftop market hasn’t gained much traction. “We are now trying to work out a new programme called ‘rent a roof,’ wherein the developer will take rooftops on rent and will offer lease to each household, and then feed the power to the grid,” added Kumar. Of India’s ambitious target of 175GW of clean energy capacity by 2022, 100GW is to come from solar projects. Of these, while 60GW is targeted from ground-mounted, grid-connected projects, 40GW is to come from solar rooftop projects. Wind power projects are to contribute 60GW. Such a policy comes in the back-

drop of India’s nascent net-metering market. In a net-metering system, a consumer is only billed for the electricity consumed after deducting the power generated from one’s solar rooftop panels that is supplied to the grid. The country offers a big opportunity given its 750GW potential as it records around 300 sunny days a year, with an average solar radiation range of 4-7 kilowatt-hours per square metre. “Under ‘rent a roof’, anyone can take a roof. Right now, net metering is happening but it is for the individual household to go for it on its own. After this, all the responsibilities such as maintenance will be with the developer. We are working on the policy,” Kumar said. For India’s solar power targets to be met, the rooftop piece will have to take off. However, there are concerns as India is not expected to achieve even half of the solar rooftop targets by December 2021, according to consulting firm Bridge To India. Also, a parliamentary panel has said that the 40GW target of grid-connected rooftop solar by 2022 is “unrealistic”, Mint reported on 1 August. “We are doing it precisely for the same reason. Rooftops also are of small sizes. It is happening in educational institutions and at other places but is not happening at the household level,” Kumar said.

The industry welcomed the move. “We welcome the ‘rent a roof’ policy by the government wholeheartedly. This will empower the solar energy industry to penetrate at the grassroots level and give every home a chance to be energy independent. However, it is essential that the government defines the framework clearly as there would be many stakeholders involved in the process,” said Anmol Singh Jaggi, director at Gensol Group, a solar advisory firm. India’s green energy play is expected to grow substantively with federal policy think tank NITI Aayog projecting 597-710 GW capacity by 2040 in its new draft energy policy. The central government is also firming up its strategy to expedite bidding out wind power contracts. India has an installed wind power capacity of 33GW. The country has auctioned 2GW of wind power contracts that saw tariffs fall to a record low of Rs2.64 per unit in the October auction conducted by state-run Solar Energy Corp. of India.

“States will be bidding out around 500 megawatts (MW). In addition, we will be bidding out around 4,500MW by March. It will be followed by bids for 10GW next year followed by another 10GW in the year after. So, by March 2020, we want to finish our bidding so that we are able to achieve our target by March 2022,” Kumar said. This is in sync with India’s plan to invite bids for setting up 20GW of solar power capacity, the world’s largest solar tender, at one go, as Mint reported on 10 November. “So, whatever additional capacity we plan to have over and above this 60GW (of wind power) will come in the offshore. We will try to do more than 60GW. This will also provide an impetus to our local manufacturing industry. We would like to strengthen our manufacturing base,” said Kumar. Source: livemint

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November Part C 2017

INDIA

Mission Innovation Smart Grids Workshop In order to combat the growth of green house gas emission, the world is fast moving to the increased use of renewable energy sources.

owever, there is increased concern that high penetration of renewable energy can cause disruptions in the existing power network due to their intermittent nature. Technology solutions are, therefore, needed to address the challenges related to development design, integration, operation and management of grids which allows use of upto 100 percent renewable energy.

ission Innovation challenge on Smart Grids is collectively working to enable future smart grids powered by renewables. 20 participating countries with India, Italy and China as Co-lead are working together to realise this aspiration. An international workshop is being organised during 16-19th November, 2017 at New Delhi to define research priorities and develop action plan for time bound action for realisation of these objectives. The Technical meeting of the event was inaugurated by Secretary-DST on 16th November, 2017 in presence of several dignitaries including Directors of IIT-Delhi and IIT-Roorkee. The participating countries Australia, China, Denmark, European Commission, Finland, India, Italy, Saudi Arabia, Sweden, United States of America , United Kingdom will present the status on smart grids. With this background, the participants will deliberate on research needs and potential for collaboration in the domains of regional grids, distribution grids, micro-grids and cross innovations. The modalities for greater private sector participation and enabling mechanisms will also be discussed besides incentivising the performing research activities. The participating countries will resolve on future action plan and finalise technical contours of the Mission Innovation. A panel discussion with industrial experts is also planned. The Public Workshop of the event will be held on 18th November, 2017 where the outcomes of brainstorming session would be disseminated to the larger stake holder forum. The Minister of State for Science, Technology and Earth Sciences, Shri Y.S.Chowdary, and Minister for Power, Shri R.K.Singh will inaugurate the exhibition showcasing achievements of industrial as well as R&D communities in the area. Both the Ministers will share their perspectives on the topic and will be supplemented by representatives from Co-lead countries as well as Directors of IITs (Delhi, Kanpur and Roorkee). A Report on “Mission Innovation Smart Grids” activities, strategies and vision will also be released. India’s collaborative programmes with United States and United Kingdom on the theme will also be formally launched. The Forum will adopt New Delhi Declaration and as an initial step in this direction, collaboration agreement between RSC Italy and IIT-Roorkee, India will be signed

November Part C 2017

Shri R.K. Singh launches ‘Saubhagya’ Web-Portal a Platform for Monitoring Universal Household Electrification Saubhagya Web-portal has wider scope for ensuring transparency and accelerating household electrification in rural as well as urban areas in the country Power Minister directs NTPC to mix Crop Residue with Coal, upto 10%, for all its Thermal Power Plants to reduce its burning and hence Air Pollution

inister of State (IC) for Power and New & Renewable Energy, launched the Pradhan Mantri Sahaj Bijli Har Ghar Yojana – ‘Saubhagya’ Web Portal here today. The portal can be accessed at http://saubhagya.gov.in.

ddressing the media during the event, Shri Singh said that the Saubhagya Dashboard is a platform for monitoring household electrification progress, which would disseminate information on Household Electrification Status (State, District, village-wise), Household Progress on live basis, State-wise Target vs Achievement, Monthly Electrification Progress, etc. The Minister said that achieving electrification of 4 crore households is a big challenge, nevertheless the Government is committed to achieve this target by December 2018, with the cooperation of all the States. This would, in turn, bring about a huge improvement in the Quality of Life of the Citizens of India. The Government is bringing a change in the Power ecosystem in the Country by pushing towards mandatory metering of all new electrical connections through pre-paid or smart meters. This would make paying of electricity bills viable for the poor, reduce power losses and increase compliance in paying electricity bills, Shri Singh said. Talking about the Saubhagya Portal, the Minister said that through this online platform every State would feed in the current status of progress of electrification works, hence enabling the creation of a system of accountability for the State utility/ DISCOM and help in increasing their viability. Further, Seven States including Uttar Pradesh, Bihar, Gujarat, Mizoram, Nagaland, Chhattisgarh and Assam have given their requirements to the Power Ministry for funds under the Saubhagya Scheme, which would be released soon for aiding the respective electrification works, Shri Singh added. On the sidelines of the Saubhagya Web portal launch, Shri Singh also informed that the Ministry has directed NTPC to mix straw/ crop residue pellets with coal, upto 10%, for power generation in all of its Thermal Power Plants. This step would reduce crop residue burning in agriculture dominated States like Punjab, Haryana etc. and hence reduce air pollution that is currently being experienced. The Minister further said that this step would give the farmers a monetary return of Rs. 5500/ tonne of crop residue and hence create a market for it. The infrastructure for sourcing the crop residue from farmers is being set up and NTPC would soon be issuing tenders in this regard. The Ministry is in talks with all State Governments to make this step mandatory for all the Thermal Power Plants in their jurisdiction, Shri Singh added.

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INDIA

Seven States Submit Propo sals For ‘Power For All’ Scheme

India, Egypt for increased cooperation in clean energy Cairo – India and Egypt have discussed ways to step up cooperation in the renewable energy sector with experts from both the countries sharing ideas to promote clean fuel in the light of its increasing demand worldwide.

Seven states submitted proposal to seek funds under the government’s ‘Power for All’ plan to ensure electricity to unlit households.

even states submitted proposal to seek funds under the government’s ‘Power for All’ plan to ensure electricity to unlit households. These are Uttar Pradesh, Bihar, Mizoram, Nagaland, Gujarat, Assam and Chhattisgarh, RK Singh, minister of state for power and new & renewable energy, said at a press conference in New Delhi on Thursday. The government introduced the Rs 16,320-crore Pradhan Mantri Sahaj Bijli Har Ghar Yojana-Saubhagya (Hindi for ‘easy access to power for every house – a good fortune’) to ensure electricity in all urban and rural households in September. The scheme aims to provide power to about a fifth of 120 crore Indians estimated to have no access to power by December 2018.

He also said camps will be held in unelectrified villages to capture data and give connections. “We have asked the states to announce the schedule in every village." he said. The target for electrification is over 4 crore households. “It’s a challenge but we will achieve the target by December next year,” said RK Singh, minister of state The government has launched an online platform for the scheme. “States would feed in the current status of electrification works, enabling the creation of a system of accountability and help in increasing their viability,” he said. www.EQMagPro.com

he Maulana Azad Centre for Indian Culture of the Embassy of India in Cairo yesterday organised a round table Renewable Energy: Lightening the path to future where experts from India and Egypt discussed, analysed and shared the Indian and Egyptian experiences in the sector.

Indias Ambassador to Egypt Sanjay Bhattacharyya said that the subject of renewable energy is particularly important in the light of increasing demand of clean energy worldwide especially when the traditional sources of energy affects the environment negatively. Solar energy is becoming popular in several places in India including Rajasthans desert where the government gives six-month trainings to rural women to generate solar energy in far rural areas, he said. India is stepping up its cooperation and exchange of experience with Egypt by offering training courses and workshops to Egyptian experts, Bhattacharyya said. “Egypt started to cooperate with the leading countries in the field of renewable energy by the early 1990s. Recently, a special programme of nutrition tariff for solar energy based projects was designed to fit the Egyptian market needs,” said Mohamed Khayat, Executive Chairman of New and Renewable Energy Authority in the Ministry of Electricity and Renewable Energy. “The renewable energy projects need flexible dynamic policies in order to succeed,” he said. Renewable energy projects attract foreign investments and Egypt is also investing to save electricity consumption from the traditional sources, Khayat said, adding that the use of biomass energy is spreading in Egypt and there are chances in its expansion. Former speaker of Ministry of Electricity Mohamed El Yamany said the Egyptian government succeeded in eliminating the power cuts though people are not saving electricity. The Ministry of Electricity is working in two directions which are raising the efficiency of power plants and enhancing the efficiency of power consumption, he said. Ashish Khanna, Program Leader for Sustainable Development (Egypt, Yemen and Djibouti), praised the Egyptian governments efforts in expanding the renewable energy projects and urged Egyptians to install solar cells in their houses.Khanna said that renewable energy is the future of labour market for the Egyptian youth.

November Part C 2017

BUSINESS & FINANCE

Aavishkaar closes 6th fund worth Rs 594 cr Impact investment advisory firm Aavishkaar, a part of the Aavishkaar Intellecap Group, has announced the first closure of its sixth fund with a commitment for Rs 594 cr.

So far, the group fund has received commitments worth Rs 620 crore for the Aavishkaar Bharat Fund, Aavishkaar said in a statement. Aavishkaar Bharat Fund focuses on generating commercial returns while looking at business models engaging with low and low middle income communities to create an impact on their lives or businesses. The fund will invest in startups and early growth stage companies in sectors like agriculture, financial services, healthcare, logistics and supply chain, renewable energy the fund said.

ncluding the India focused fund, Aavishkaar now manages six funds with an aggregate corpus of Rs 2000 crore. Funds advised by Aavishkaar have till date made 58 investments in India, Indonesia, Sri Lanka and Bangladesh and 25 exits while generating 250,000 jobs, it claimed. Some of its investments include Equitas Small Finance Bank, AgroStar, MilkMantra, Lets Recycle, EPS and Jaypore. The fund is anchored by Sidbi, CDC Group, Munjal Family Office of the Hero Motorcorp and global pension fund manager Tiaa.

Norway's Oil Sell-Off Plan Is `Shot Heard Around the World' Norway’s proposal to sell off $35 billion in oil and natural gas stocks brings sudden and unparalleled heft to a once-grassroots movement to enlist investors in the fight against climate change.

orway’s proposal to sell off $35 billion in oil and natural gas stocks brings sudden and unparalleled heft to a once-grassroots movement to enlist investors in the fight against climate change. The Nordic nation’s $1 trillion sovereign wealth fund said Thursday that it’s considering unloading its shares of Exxon Mobil Corp., Royal Dutch Shell Plc and other oil giants to diversify its holdings and guard against drops in crude prices. European oil stocks fell. Norges Bank Investment Management would not be the first institutional investor to back away from fossil fuels. But until now, most have been state pension funds, universities and other smaller players that have limited their divestments to coal, tar sands or some of the other dirtiest fossil fuels. Norway’s fund is the world’s largest equity investor, controlling about 1.5 percent of global stocks. If it follows through on its proposal, it would be the first to abandon the sector altogether.

“This is an enormous change,” said Mindy Lubber, president of Ceres, a non-profit that advocates for sustainable investing. “It’s a shot heard around the world.” The proposal rattled equity markets. While Norwegian officials say the plan isn’t based on any particular view about future oil prices, it’s apt to ratchet up pressure on fossil fuel companies already struggling with the growth of renewable energy.

November Part C 2017

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BUSINESS & FINANCE

Big Oil is under pressure

Norway’s fund dwarfs them all.

Norway’s Finance Ministry, which oversees the fund, said it will study the proposal and will take at least a year to decide what to do. The fund has already sold off most of its coal stocks.

“People are starting to recognize the risks of oil and gas,” said Jason Disterhoft of the Rainforest Action Network, which pushes banks to divest from fossil fuels. The fossil fuel divestment movement began on college campuses about five years ago and has gained momentum since. The argument is simple: climate change has exponentially increased the risk of backing coal, oil and gas, so investors should put their money elsewhere for the sake of both the planet and their own fortunes.The Rockefeller Family Fund announced in 2016 that it sold its stake in Exxon and would dump all other fossil-fuel investments. The California State Teachers’ Retirement System board voted to divest from U.S. coal companies. AXA SA, the French insurance giant, said it would sell 500 million euros ($589 million) in coal holdings.

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“The divestment movement just got some new juice,” said Jamie Webster, a fellow at the Center on Global Energy Policy at Columbia University. While environmentalists heralded the fund’s proposal, the move has more to do with hedging risk than saving the planet. Norway derives about 20 percent of its economic output from oil and gas. Finance officials have long debated whether reinvesting those profits back into petroleum producers leaves Norwegians overly exposed to the volatility of oil prices.

“Our perspective here is to spread the risks for the state’s wealth,” Egil Matsen, the deputy governor at the central bank in charge of overseeing the fund, said in an interview in Oslo Thursday. “We can do that better by not adding oil price risk through the fund.”

It won’t happen quickly, said Per Magnus Nysveen, senior partner and head of analysis at the Oslo-based consulting company Rystad Energy. Norway’s positions in oil companies are vast, and finance ministers will unload their shares gradually if they want to maximize returns, Nysveen said.

November Part C 2017

BUSINESS & FINANCE

Dhir & Dhir advises IIFCL on Mihit Solar’s $23.8m solar project financing under its takeout financing scheme CDC backs Indian impact fund with USD 25 m investment British development finance institution CDC, today announced a new investment designed to provide capital to small and medium businesses (SMEs) that reach poor and underserved communities in India.

he institution is committing USD 25 million to the Aavishkaar Bharat Fund (ABF) that invests in early stage businesses in parts of India that have not traditionally been well served by the investment community. ABF will invest in businesses with high social impact in sectors such as agriculture, financial services, healthcare, waste and sanitation, renewable energy and logistics.RGI enters into bancassurance tie-up with Yes Bank. Reliance General Insurance Company (RGI) signed a bancassurance agreement with Yes Bank. Under the corporate agency agreement Yes Bank will distribute multiple general insurance products of the private insurer to its customers, a release issued here said. Bhaskar Bhat, Saurabh Agrawal join Tata Sons board, Yes Bank with its network of 1040 branches across 29 states and 7 union territories of India will enable Reliance General Insurance to reach a large base of retail and MSME clients. Tata Sons today said Bhaskar Bhat, Managing Director of Titan, and Saurabh Agrawal group chief financial officer, have been elevated to the Board of Directors of the company.

India Infrastructure Finance Company Limited (IIFCL) has said to have provided a term loan of Rs. 156 crore (USD 23.8 million) to Gurugram based Mihit Solar Power under its Takeout Finance Scheme, for substituting the outstanding principal amount of the loan sanctioned by L&T Infrastructure Finance, for the purpose of developing and commissioning a 74 MW Solar Power Project in Mansa District, Punjab.

hir & Dhir Associates acted as the lenders’ legal counsel for IIFCL represented by partner Girish Rawat, who led the firm's banking and project finance team along with senior associate Amit Prakash and associates Shobhit Batta and Amit Pal Singh. The transaction included drafting of financing and security documents, conducting due diligence, and issuing legal opinions. This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing. If you are or know one of the lawyers who acted on this deal but has not been credited, please leave a comment below (marked not for publication), preferably with your name and email address, and we will update the report.

"We welcome Bhaskar and Saurabh to the Board of Directors. The Board will benefit from the tremendous experience and knowledge of these professionals in multiple domains," Tata Sons Chairman N Chandrasekaran said in a release issued. Bhaskar Bhat is currently the Managing Director of Titan Company. Westin Hotels and Resorts debuts in Kolkata, Westin Hotels and Resorts, part of Marriott International, today announced the opening of its eighth hotel in India, The Westin Kolkata Rajarhat. The Westin Kolkata Rajarhat is built in over eight acres with 314 guestrooms and suites, the company said in a release issued. Source: PTI

November Part C 2017

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BUSINESS & FINANCE

JA Solar Holdings Co., Ltd. Enters into Definitive Agreement for Going Private Transaction JA Solar Holdings Co., Ltd. (Nasdaq:JASO) (“JA Solar” or the “Company”), one of the world’s largest manufacturers of high-performance solar power products, RECENTLY announced that it has entered into a definitive agreement and plan of merger (the “Merger Agreement”) with JASO Holdings Limited (“Holdco”), JASO Parent Limited (“Parent”), a wholly owned subsidiary of Holdco, and JASO Acquisition Limited (“Merger Sub”), a wholly owned subsidiary of Parent, pursuant to which the Company will be acquired by an investor consortium in an all-cash transaction implying an equity value of the Company of approximately $362.1 million.

ursuant to the terms of the Merger Agreement, at the effective time of the merger (the “Effective Time), each ordinary share of the Company issued and outstanding immediately prior to the Effective Time (each a “Share”) will be cancelled and cease to exist in exchange for the right to receive $1.51 in cash without interest, and each American depositary share (each an “ADS”) of the Company, representing 5 Shares, will be cancelled in exchange for the right to receive $7.55 in cash without interest, except for (a) Shares (including Shares represented by ADSs) owned by Jinglong Group Co., Ltd. (“Jinglong”), Chin Tien HUANG, Chi Fung WONG and Pak Wai WONG (together with Jinglong, the “Rollover Shareholders”), which will be rolled over in the transaction, cancelled and cease to exist without any conversion thereof or consideration paid therefor, and (b) Shares held by shareholders who have validly exercised and not effectively withdrawn or lost their rights to dissent from the merger pursuant to Section 238 of the Companies Law of the Cayman Islands (the “Dissenting Shares”), which will be cancelled and cease to exist in exchange for the right to receive the payment of fair value of the Dissenting Shares in accordance with Section 238 of the Companies Law of the Cayman Islands. At the Effective Time, each (1) outstanding and unexercised option (each a “Company Option”) to purchase Shares under the Company’s share incentive plans will be cancelled, and each holder of a Company Option (other than the Rollover Shareholders) will have the right to receive an amount in cash determined by multiplying (x) the excess, if any, of $1.51 over the applicable exercise price of such Company Option by (y) the number of Shares such holder could have purchased (assuming full vesting of all options) had such holder exercised such Company Option in full immedi-

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ately prior to the Effective Time, net of any applicable withholding taxes, and (2) each restricted share and each restricted share unit granted under the Company’s share incentive plans shall be cancelled, and each holder thereof will have right to receive a cash amount equal to $1.51, net of any applicable withholding taxes. The merger consideration represents a premium of 18.2% to the closing price of the Company’s ADSs on June 5, 2017, the last trading day prior to the Company’s announcement of its receipt of a revised “going-private” proposal, and a premium of 17.2% to the average closing price of the Company’s ADSs during the 3-month period prior to its receipt of a revised “going-private” proposal. The Buyer Group comprises Mr. Baofang Jin, chairman and chief executive officer of the Company, Jinglong, a British Virgin Islands company of which Mr. Baofang Jin is the sole director, and/or its affiliates, and the other Rollover Shareholders. The Buyer Group intends to fund the merger with a combination of debt and equity. The Buyer Group has delivered an executed debt commitment letter to the Company pursuant to which CSI Finance Limited, Credit Suisse AG, Singapore Branch and certain other parties will provide, subject to the terms and conditions set forth therein, a loan facility to fund the merger in the amount of US$160 million. The Company’s board of directors (the “Board”), acting upon the unanimous recommendation of a commit-

tee of independent and disinterested directors established by the Board (the “Special Committee”), approved the Merger Agreement and the merger and resolved to recommend that the Company’s shareholders vote to authorize and approve the Merger Agreement and the merger. The Special Committee negotiated the terms of the Merger Agreement with the assistance of its financial and legal advisors. The merger, which is currently expected to close during the first quarter of 2018, is subject to customary closing conditions including the approval of the Merger Agreement by the affirmative vote of holders of Shares representing at least two-thirds of the voting power of the Shares present and voting in person or by proxy at a meeting of the Company’s shareholders convened to consider the approval of the Merger Agreement and the merger. The Buyer Group and the Rollover Shareholders have agreed to vote all of the Shares and ADSs they beneficially own, which represent approximately 25.7% of the voting rights attached to the outstanding Shares as of the date of the Merger Agreement, in favor of the authorization and approval of the Merger Agreement and the merger. If completed, the merger will result in the Company becoming a privatelyowned company and its ADSs will no longer be listed on the Nasdaq Global Select Market.

Houlihan Lokey is serving as financial advisor to the Special Committee, and Gibson, Dunn & Crutcher LLP is serving as U.S. legal counsel to the Special Committee, and Conyers Dill & Pearman is serving as Cayman legal counsel to the Special Committee. Skadden, Arps, Slate, Meagher & Flom LLP is serving as U.S. legal counsel to the Buyer Group.

November Part C 2017

BUSINESS & FINANCE

IREDA pushes for cheaper finances in renewable energy

Cheaper finance is the need of the hour in the renewable energy sector, said K.S. Popli, Chairman and Managing Director, Indian Renewable Energy Development Agency Limited (IREDA) RECENTLY.

ointing that it is not now the question about availability of finances but that of cheap finances, Popli said "the markets have matured and one indicator of that is seen in how the bond markets have progressed." The CMD of IREDA was speaking on the panel discussion organized by Ministry of New and Renewable Energy (MNRE), Government of India, at Bonn, Germany. MNRE, in partnership with the Confederation of Indian Industry (CII), organised a panel discussion on 'Innovative Financing and Market Evolution to achieve 175 GW renewable by 2022' recently.

"India has been pursuing its goals of setting up renewable energy capacities and changing its energy mix, and will continue to do so to provide equitable sustainable development," said C.K. Mishra, Secretary, Ministry of Environment, Forests and Climate Change, Government of India in the event.

The Energy and Resources Institute (TERI) also pushes for higher research in storage technology which could compliment the renewable power.

Porwal Auto sets up 2nd captive consumption solar power project at Ujjain Porwal Auto Components has set up second captive consumption Solar Power project at Gram Karodia District Ujjain in the state of Madhya Pradesh (M.P.) having capacity of 3 megawatts (MW).

T 40Â

he commercial production of the same has been started with effect from November 08, 2017. Porwal Auto Components is involved in the manufacture of a variety of Ductile Iron, Grey Cast Iron Steel and Steel Alloy Casting Components and Subassemblies. The company caters to the various sectors including Automobile, Engineering, Pumps and Valves, Agriculture and Tractor Equipments, Construction Equipments, Machine Tools, Railways etc.

November Part C 2017

"There is an imminent need to look at bringing down storage costs," Mr. Ajay Mathur, DG, The Energy and Resources Institute said. India's renewable energy journey has come a long way since it set its ambitious target of 175 GW by 2022. Prices of solar and wind have reduced to three to four percents per KWh as against 9-12 per unit in 2013, even as capacities have scaled up to 47.5 GW. Source: ANI

PV MANUFACTURING

DuPont and Giga Solar Materials Corp. Announce Non-Exclusive License Agreement Covering Solar Conductive Paste Patents

uPont and Giga Solar Materials Corporation have announced that DuPont has granted a oneway, non-exclusive license to Giga Solar and its affiliates for certain global solar conductive paste related patents owned by DuPont. The agreement is effective as of November 15, 2017. All other terms of the license agreement, including license fees to be paid by Giga Solar to DuPont, remain confidential.

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Climate CHANGE MNRE organises panel discussion on :

‘Innovative Financing and Market Evolution to achieve 175 GW Renewables by 2022’ at CoP 23, Bonn, Germany India committed to its Renewable Energy Targets to provide Equitable Sustainable Development. The Ministry of New and Renewable Energy (MNRE), Government of India, in partnership with the Confederation of Indian Industry (CII), organised a panel discussion on ‘Innovative Financing and Market Evolution to achieve 175 GW renewables by 2022’ on 16th November 2017 at the India Pavilion at Conference of Parties (CoP) 23, Bonn, Germany.

Dr. Ajay Mathur, DG, The Energy and Resources Institute (TERI) stressed upon the need to push for higher research in storage technology which could compliment the infirm renewable power. There is an imminent need to look at bringing down storage costs, he added.

Speaking about the Government’s interventions, Dr. P.C. Maithani, Adviser, MNRE said that policies are being drafted on a continuous basis to address challenges as the market evolves. Giving examples of how the question is no longer about availability of finances but that of cheap finances, Shri K.S. Popli, CMD, Indian Renewable Energy Development Agency Limited (IREDA) said that the markets have matured and one indicator of that is seen in how the bond markets have progressed.

Explaining the scope of the renewables market, Shri Rahul Munjal, MD, Hero Futures Energy said that there has been an exponential expansion of the industry, with almost 10,000 firms operating in the ecosystem. This is a result of the market being conducive to business and investments.

India’s renewable energy journey has come a long way since it set its ambitious target of 175 GW by 2022. Prices of solar and wind have dramatically reduced to 3-4 cents per Kwh as against 9-12 per unit in 2013, even as capacities have scaled up to 47.5 GW. Policymakers and industry are now confident of accelerating this growth trajectory to provide electricity, along with storage, at an estimated Rs 5 per unit before 2025.

Reaffirming India’s resolution to go ahead with the set agenda with determination and clarity, Shri C.K. Mishra, Secretary, Ministry of Environment, Forests and Climate Change, Government of India, said that India has been pursuing its goals of setting up renewable energy capacities and changing its energy mix, and will continue to do so to provide equitable sustainable development.

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Shri Ratul Puri, Chairman, Hindustan Power Projects Pvt Ltd (HPPPL) highlighted the need to make power available at affordable rates and said that Indian industry is working towards achieving that goal.

Echoing a similar thought and projecting high optimism, Shri Rajiv Ranjan Mishra, MD, CLP India said that renewables are becoming more an imperative for economies like India which have to reach power to large sections of the people.

The panel also included Mr Frank Determann, Principal Project Manager, KfW Development Bank; Shri Reji Pillai of India Smart Grid Forum, among others.

November Part C 2017

CLIMATE CHANGE

Things To Know About Bonn Climate Summit Mr. Frank Bainimarama Prime Minister, Fiji

German Chancellor Angela Merkel

French President Mr. Emmanuel Macron

WHY BONN?

rganizing a massive global conference in Fiji would have strained the Pacific nation’s resources and posed a travel nightmare for thousands of delegates. Germany offered to host the talks in Bonn, the country’s former capital, because it has ample conference space and is already home to the UN climate change agency. Still, they are going to miss the sunshine of Fiji. The weather in Bonn is generally dreary at best in November.

November Part C 2017

HOW GREEN WILL THE CONFERENCE BE?

ermany says the two-week talks will as environmentally friendly as possible. The country is setting aside part of the 117 million euro ($136.3 million) budget for a fleet of bicycles and electric buses to ferry people between venues. Each participant will receive a bottle to fill with tap water – a move organizers say will save half a million plastic cups.

Germany’s environment ministry is also investing in renewable energy projects to compensate for the greenhouse gas emissions caused by people from all over the world flying into Bonn for the talks.

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CLIMATE CHANGE WHO IS COMING TO BONN?

he 2015 Paris accord set a target of limiting global warming to 1.5 degrees Celsius (2.7 degrees Fahrenheit) or 2 degrees at the most by the end of the century.

people are expected to attend the talks, which will be presided over by Prime Minister Frank Bainimarama of Fiji _ the first time that a small island nation will be at the helm of a major international climate conference.

ut diplomats didn’t agree on the details of how their nations will reach that ambitious goal. The Bonn talks will flesh out the rule book that countries have to abide by.

PARTICIPANTS WILL INCLUDE DIPLOMATS FROM-

T NATIONS

his includes coming up with international standards for how to measure carbon emissions, to make sure that one nation’s efforts can be compare to another’s. A second debate centers around how countries take stock of what’s been achieved and set new, more ambitious goals for curbing carbon emissions after 2020.

As well as scientists, lobbyists and environmentalists

The United States, which has announced its intention to pull out of the landmark Paris climate accord, will be represented by Undersecretary of State for Political Affairs Thomas Shannon.

he third big issue concerns money. Experts agree that shifting economies away from fossil fuels and preparing countries for some of the inevitable consequences of climate change will require vast financial resources, including some from the U.S. administration of President Donald Trump, which is doubtful about man-made climate change.

Key countries to watch during the talks are the emerging economic powers China and India. Other nations _ Estonia, Peru, Ecuador, Iran, Mali, Ethiopia and the Maldives will also be in the spotlight for leading major international groupings.

French President Emmanuel Macron, German Chancellor Angela Merkel and other leaders are expected to fly to Bonn toward the end of the summit to give the talks a final push and signal their commitment to fighting climate change.

AND WHAT ABOUT GERMANY’S COAL USAGE?

ermany likes to portray itself as a leader in the fight against global warming and Merkel’s reputation as the “climate chancellor” is partly built on the pivotal role she played during past negotiations. But environmentalists note that Germany still gets about 40 percent of its electricity from coal-fired plants _ one of the most carbon intensive sources of energy. And German highways are also virtually unique in having no general speed limit, despite the fact that auto emissions rise dramatically at higher speeds.

If prosperous Germany fails to meet its own emissions targets, as current predictions suggest, critics say that would send a bad signal to the rest of the world. Source: IANS

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November Part C 2017

ELECTRIC VEHICLES

THE FUTURE OF CARS 2040-

Miles Traveled Will Soar While Sales of New Vehicles Will Slow, New IHS Markit Study Says The new era of mobility- selling miles traveled instead of cars- will bring about the greatest transformation since the dawn of the automotive age.

he automotive future will be different—though with some noticeable similarities—as the convergence of disruptive technologies, government policies and new business models usher in a new era of multidimensional competition, says a new major research initiative by IHS Markit (Nasdaq: INFO), a world leader in critical information, analytics and solutions. A shift from buying cars to buying “mobility” will be a driving force of change in the automotive future, the study says. By 2040, vehicle miles traveled (VMT) will have grown to an all-time high of around 11 billion miles per year (a 65 percent increase since 2017) in China, Europe, India and the United States—the key markets examined for the study—and will keep growing. At the same time, sales growth of new light-duty vehicles will slow substantially. The findings are part of Reinventing the Wheel, a major new multi-client, scenariosbased research initiative by IHS Markit that combines the industry-leading expertise of the company’s energy, automotive and chemical teams to provide a first-of-its-kind, systemwide analysis of the new reality of transportation. The project focuses on the world’s largest automotive markets: the United States, Europe and China. It also covers India, a large and fast-growing market.

November Part C 2017

Mr. Daniel Yergin, IHS Markit,Vice Chairman, Pulitzer Prize-winner and project chairman

“A great ‘automotive paradox’-where more travel via car than ever, but fewer cars will be needed by individualswill be a defining quality of the new automotive future. The shift is just beginning. By 2040, the changes in transportation will be accelerating in a way that will be visible on roads and highways around the world. The pace and degree of this dynamic shift will have significant implications for industry, for public transportation systems and for how people get to work and live their lives – and spend their money on transport.”

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ELECTRIC VEHICLES

“We could very well be on the cusp of the greatest transformation in personal transportation since the dawn of the automotive age,” added Jim Burkhard, vice president, global energy markets and mobility. “Understanding the implications of such a transformation requires a broad perspective that goes beyond any single industry or market.” The continued emergence of mobility-as-a-service (MaaS) providers will be among the most important and disruptive forces in the future, the study says. The MaaS industry is expected to purchase more than 10 million cars in the study’s key markets in 2040—compared to just 300,000 in 2017. “Mobility service companies will be a prime driver of shifting car sales from personal to fleet economics,” said Tom De Vleesschauwer, transport and mobility practice leader, IHS Markit. “Ride hailing has the potential to be so disruptive because it is often the most convenient for consumers and can significantly increase access to car transport, particularly in markets with low car ownership rates.”

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il’s monopoly as a transport fuel will erode, though it will remain a major part of the automotive landscape, the study says. Market share for cars primarily powered by gasoline and diesel will still account for 62 percent of new cars in 2040 in the four major key markets (down from 98 percent in 2016) with a total of 54 million new vehicle sales in 2040, according to the study’s baseline scenario. In this scenario, global oil demand still rises from 98 mbd today to 115 mbd in 2040 (the study also explores a more radical scenario in which oil demand in 2040 is less than it is today). The dominance of the full internal combustion engine (ICE) will slide away, the study says. ICE vehicles still comprise a majority of new car sales in 2040—buoyed by sales of mild to full hybrids, which still primarily rely on internal combustion engines. However, cars powered solely by gasoline or diesel will have fallen below 50 percent of new cars sales by 2031. Higher fuel economy and emissions standards and the reduction in gasoline’s share of new vehicle sales will lead to a decline in aggregate gasoline demand in key markets during the 2020s, the study says, even though overall oil demand will rise.

“Oil’s monopoly as a transport fuel will erode as a new era of multidimensional competition takes hold—but it will remain a major player,” Burkhard said. “Many of its advantages as a fuel, such as its high energy density, will persist. And the size of the current automotive ecosystem will moderate the pace of change.”

November Part C 2017

ELECTRIC VEHICLES

lectric vehicles (EVs)[i] will account for more than 30 percent of new cars sold in key automotive markets examined for the study by 2040—up from just 1 percent of new car sales in 2016. A key tipping point will be battery pack costs, which are expected to decline to a price point in the 2030s that will make EVs cost competitive with internal combustion engine vehicles, the study says. Autonomous vehicles are also expected to emerge as a significant share of new vehicle sales after 2030, the study finds.

“It’s not only a matter of technology,” said Yergin. “Political, regulatory, social and psychological barriers to adoption will also need to be overcome.” Mobility-as-a-service companies are expected to be among the key adopters of electric and driverless cars with a shift towards buying their own fleets as opposed to drivers providing their own cars. The cheaper cost of electricity versus gasoline, easier maintenance from fewer moving parts and the ability to utilize centralized charging depots and networks for fleet-based transportation are among the factors expected to contribute to adoption of electric and autonomous vehicles for “mobility as a service.” Reinventing the Wheel also examines the impacts of the new automotive future on important industries such as chemicals and electric power. For chemicals, changes to the automotive ecosystem will deeply impact what is a major market for the industry, affect the availability of feedstocks and have critical implications for investments and competitive strategy.

“The move from ICEs to EVs offers one example of the big impacts that will result from coming changes in the automotive industry,” said Anthony Palmer, Vice President, chemical consulting for IHS Markit. “The growth of EVs as a share of new vehicle sales means decreases in demand for chemicals and plastics materials traditionally used in “under-the-hood” applications, including engineering plastics, that can withstand high temperatures, as well as for commodity plastics, used in gasoline tanks. But the transition to EVs also means new opportunities for chemical companies, which are preparing for the changes by investing significantly in future production for battery materials. The change in the use of liquid transportation fuels, as the automotive industry moves toward EVs, will also affect the chemical industry, Palmer said. As the demand for gasoline and diesel fuel used in light-duty vehicles weakens, more refinery products will be available to serve as chemical feedstocks. Such a shift would encourage investment in naphtha crackers in the growing Asian demand centers, including China and India.”

Though the coming decades will be a transformative period for the automotive future, the sheer scale of the current automotive ecosystem will serve as a moderating "influence on the pace of change, the study says.

For the power industry, greater adoption of EVs will nudge electricity demand higher in the United States and Europe by 2040. With U.S. and European on-grid electricity demand growth slowing relative to historical rates, EVs provide an uplift to the electricity market, the study says.

November Part C 2017

“The automotive future will be defined by transformation unlike anything we’ve seen since the dawn of the automotive age,” said Tom De Vleesschauwer. “Still our analysis shows that there will be much that looks familiar, even in 2040. The majority of new cars sold and miles traveled will be in vehicles purchased for personal use. And a large share of those will have internal combustion engines that run on refined crude products. But the future of automotive transport will be an era defined by multidimensional competition. And the changes that future brings about will be profound and permanent.”

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ROOFTOP & OFFGRID

Developing power solutions for off grid, poor grid applications in India - By Aasha Gulrajani Swarup

or Prengels, India, where he lived for more than two years, to understand how the country works, is a key market and an enormous opportunity, because there are more than 300 million persons in the country with no access to electricity. The company is invested in India and working closely with the government to bring power to the people in remote locations.

lex Daniel, the company’s country manager, spoke about Tiger Power’s progress in India. “We have an ongoing engagement with the government so that we are part of their existing and upcoming new policies, especially its policy framework for mini grids, expected to be announced soon, which will be an opportunity for us to front end the targets envisaged by the government of India and position ourselves as partners or prominent players in fulfilling the objectives of the federal policies.

“We plan to put up 400 to 600 mini grids in India and East African countries.”

he company is eyeing the energy starved areas of Uttar Pradesh and Bihar, where people need more than one bulb in the house and the youth want access to computers, television, internet, cooler and mobile phones.

If solar energy is a big leap for renewable power, Tiger Power has taken the plunge and is ready to raise the energy bar with innovative solar power generation and storage solutions, that can be set up in remote locations and reduce carbon emissions. Tiger Power, a two year old Belgian start up clean tech company, is already into India since the last one year, with its mini grids and energy in a box power solutions.

Chris Prengels, CEO, Tiger Power informed, “We are developing power solutions for off grid and poor grid applications in India and East Africa. We plan to put up 400 to 600 mini grids in India and East African countries like Uganda and Rwanda in the next two to three years.” www.EQMagPro.com

“We are ready to set up 200 50-100 kilowatts mini to micro grids, each sufficient to power a small rural hamlet and small businesses. That is our main differentiator.” informed Prengels.

o coincide with the state visit of the Belgian king to India, the company is set to announce its agreement with another international clean tech company, Cambridge Energy Resources to build these 200 renewable energy installations in Uttar Pradesh over the next three years, at an investment of around 20 million euros, to contribute to India’s plan to electrify 40 million households by 2018.

iger Power has already launched other innovative products in India, like Sunfold, which combines power generation and storage to provide a clean energy alternative to traditional diesel generator sets.

November Part C 2017

ROOFTOP & OFFGRID

hese are plug and play solar power systems for a wide range of remote applications, and can be conveniently transported and set up atop a standard sized shipping container, which can be used for a variety of purposes –to power telecom towers, ATMs, petrol pumps, skill centres, cold storage, medicine distribution or construction sites –where the container itself can be used as an office. Sunfolds use lead crystal batteries, which keeps temperatures low and prolongs power storage.

he company has already signed a joint cooperation agreement with the Ministry of Renewable Energy for the Sunfold to be tested at the National Institute of Solar Energy. “We are thus giving you energy in a box, where everything is integrated and no civil work is required. Simply install, plug and play. The use of Sunfolds, a competitively priced 5 kilowatt system, can enable non-stop operations, reduce energy cost and also CO2 emissions with no worries about fuel pilferage, that comes with dependence on batteries and generator,” Daniel elaborated.

he company has supplied Sunfold systems to Urja-Energy, an NGO in Gorakhpur, Eastern Uttar Pradesh, to power a primary health centre and a sanitary pads production factory, that used to be hampered by daily power cuts. The sanitary chamber is made out of the shipping container. Another Sunfold powers houses and shops in Mehrajganj, another remote location in Uttar Pradesh.

“We intend to put up Sunfolds as a commercial solution for hundreds of telecom mobile towers.”

Tiger Power manufactures and assembles these Sunfolds in India and is 90 per cent indigenised. The only component to be imported is our unique lead crystal batteries for power storage. The rest is either manufactured or sourced from India. The company also supplies Sunfolds to telecom companies, that generate solar power onsite and power the telecom towers to run their mobile network. We intend to put up Sunfolds as a commercial solution for hundreds of telecom mobile towers in the next one year, which will reduce their dependency on diesel,” said Alex Daniel.

he company is also working on other innovative products like hydrogen generators, that generate power on demand and allow power storage over a longer time, for weeks, that would be helpful during the monsoon months.

“The product is being tested in Belgium and we should be bringing it into India in the next one year. It can replace a number of diesel generators,” informs Daniel.

Tiger Power’s products are also competitively priced. “We understand India is a price conscious market and we are ready to bring in European quality at Indian costs,” states Prengels.

November Part C 2017

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WIND ENERGY

‘Suzlon is well positioned in the transition phase of wind energy sector’ KEY HIGHLIGHTS l 527 MW sales volume in H1 FY18 l H1 EBITDA of Rs. 582 crores (Pre-forex); EBITDA Margin 15.1% l Net profit at Rs. 117 crores in H1

Suzlon Group, India’s largest renewable energy solutions provider, announced its half yearly (H1 FY18) results.

Mr. J P Chalasani CEO Suzlon Group

“Indian wind industry is in transition from FiT to competitive bidding mechanism. Indian government’s commitment to Renewable Energy remains intact and we strongly believe that the long term fundamentals of the wind industry are sound. This transition has a temporary impact on installations in FY18, due slow beginning of bidding and delay in regulatory approvals. However, we are confident that the industry is likely to regain its momentum with 6 GW+ volume expected in FY19. It will soon migrate towards a 10 GW market size. With the newly discovered tariff, Wind is competitive with respect to other sources of energy and has emerged as a mainstream energy source. Going forward, we are well positioned to capitalize on the market opportunities with our superior technology, project execution experience spanning over two decades, new generation turbines offering higher energy yield, presence across the entire value chain, vertically integrated operations and bestinclass service capabilities.”

“The advent of bidding has led to a temporary uncertainty due to the transition from the FiT regime. We have focused on cost optimization across the board including COGS, fixed costs and interest, in order to become more competitive in this changed market scenario. With strong project pipeline and customer tie ups, we are confident of quickly ramping up volumes and execution to meet the expanded market requirements. Our priorities are to continue to ramp up volumes, build strong order backlog, optimize costs across the board, and maintain disciplined working capital level.”

Mr. Kirti Vagadia CFO Suzlon Group

KEY HIGHLIGHTS 1. Credit rating improvement by CARE ratings:

SE Forge Limited (SEForge) rating upgraded to BBB+ from the earlier BBB

Suzlon Global Services Limited (SGSL), received credit rating upgrade for proposed long term bank facilities to A (Provisional) rating with stable outlook.

Suzlon Group H1 FY18 financial performance at a glance (consolidated) : l l

Revenue of Rs. 3,852 crores EBITDA (pre-forex) of Rs.582 crores, EBITDA margin of 15.1%

Debt (excluding FCCB) :

Net term debt at Rs 6,747 crores Working capital debt at Rs 3,244 crores l Minor increase in Working capital debt due to higher utilization of Working capital limits l l

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November Part C 2017

INDIa

India has world’s largest electricity access deficit: World Bank It alone accounts for little less than one-third of the global deficit. India alone has a little less than onethird of the global deficit (270 million for electricity), followed by Nigeria and Ethiopia for electricity—and the 20 highest access-deficit countries for electricity account for 80 percent of the global deficit, said a World Bank report.

he state of electricity access report 2017 said that countries with the highest levels of poverty tend to have lower access to modern energy services—a problem that is most pronounced in Sub-Saharan Africa and South Asia, where a large share of the population depends on traditional biomass for cooking and heating and lacks access to electricity. “Poor households lack the resources to purchase modern energy services (especially when there is a connection charge to obtain the modern energy source, as with electricity). At the same time, households lacking access to electricity and other modern energy sources have fewer opportunities for income generation (especially from agriculture).

“These households earn less, spend more time collecting biomass and less time on education, and pay more per unit for the limited amounts of modern energy that they can purchase (such as batteries for lighting and phone charging),” said the report.

November Part C 2017

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INDIA

n addition, households using solid fuels and traditional cooking methods are subject to high levels of indoor air pollution, which is associated with high rates of mortality and morbidity, especially for women and children who have the greatest exposure to this pollution. he report said that access to modern energy services, either through the form of advanced combustion cook-stoves using biomass, or through a switch to the use of LPG, can substantially reduce the long-term costs to the household from diseases associated with high levels of indoor air-pollution. everal studies estimating the benefits of electrification on households or small businesses suggest that electrification results in higher household income, with the magnitude varying considerably among countries. In Bhutan, non-farm income increased by 63 percent, while farm income was unaffected, and in India, non-farm income rose by 28 percent.

The report goes on to say that in 2014, 1.06 billion people still lived without access to electricity—about 15 percent of the global population— and about 3.04 billion still relied on solid fuels and kerosene for cooking and heating. The electricity access deficit is overwhelmingly concentrated in Sub-Saharan Africa (62.5 percent of Sub-Saharan Africa population ) and South Asia (20 percent), followed by East Asia and the Pacific (3.5 percent), and Latin America (3 percent) and the Middle East and North Africa (3 percent). In Sub-Saharan Africa, 609 million people (6 out of 10) do not have access to electricity, and in South Asia, 343 million people do not have access to electricity.

“Between 2000 and 2014, there were advances in electrification, with the global electricity deficit declining from 1.3 billion to 1.06 billion - and the global electrification rate rising from 77.7 percent to 85.5 percent. Progress with rural electrification is evident, with the global rural electrification rate increasing from 63 percent in 2000 to 73 percent in 2014. Urban areas across the world are already close to universal access at 97 percent. Although urban access rates have risen relatively little in the past 25 years, this level remains a major achievement when viewed against the rapid urbanization that has brought an additional 1.6 billion people into the world’s cities during this period.” The report observed it is true that the huge potential for electricity access using mini-grids is hindered by numerous challenges- including inadequate policies and regulations, lack of proven business models for commercial roll-out (notably for pico-solar systems), and lack of access to long-term finance. But many countries are currently developing minigrid policies to address these problems.

“India has released a draft national policy for mini and micro grids, which, if adopted, will create the proper framework and environment for developing 500MW capacity over the coming decade. Kenya’s Energy Regulatory Commission has licensed Powerhive East Africa Ltd. to generate, distribute, and sell electricity the first private company in Kenya’s history to receive a utility concession. Powerhive will develop and operate solar mini grids of a total capacity of 1MW to power 100 villages. Source: governancenow

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November Part C 2017

INDIa

Hydrogen Council :

Hydrogen Could Contribute To 20% Of Co2 Emissions Reduction Targets By 2050 The Hydrogen Council reveals firstof-a kind study showing hydrogen’s contribution as a key pillar of the energy transition.

TWEET TALK

“The world in the 21st century must transition to widespread low carbon energy use” -Hydrogen Council As global leaders gathered at COP 23 in Bonn, 18 key leaders in their industry verticals, united in the Hydrogen Council coalition, came together to launch first ever globally quantified vision of the role of hydrogen, developed with support from McKinsey. In addition to being a key pillar in of the energy transition, the study shows that hydrogen has the potential to develop US $2.5tn of business, creating more than 30 million jobs by 2050.

aking the Hydrogen Council’s vision for hydrogen to the next level, the study entitled Hydrogen, Scaling up outlines a comprehensive and quantified roadmap to scale deployment and its enabling impact on the energy transition. Deployed at scale, hydrogen could account for almost one-fifth of total final energy consumed by 2050. This would reduce annual CO2 emissions by roughly 6 gigatons compared to today’s levels, and contribute roughly 20% of the abatement required to limit global warming to two degrees Celsius. On the demand side, the Hydrogen Council sees the potential for hydrogen to power about 10 to 15 million cars and 500,000 trucks by 2030, with many uses in other sectors as well, such as industry processes and feedstocks, building heating and power, power generation and storage.

Overall, the study predicts that the annual demand for hydrogen could increase tenfold by 2050 to almost 80 EJ1 in 2050 meeting 18% of total final energy demand in the 2050 two-degree scenario. At a time when global populations are expected to grow by two billion people by 2050, hydrogen technologies have the potential to create opportunities for sustainable economic growth.

November Part C 2017

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INDIA

Mr. Takeshi Uchiyamada Chairman of Toyota Motor Corporation and Co-Chair of the Hydrogen Council “The world in the 21st century must transition to widespread low carbon energy use. Hydrogen is an indispensable resource to achieve this transition because it can be used to store and transport wind, solar and other renewable electricity to power transportation and many other things. The Hydrogen Council has identified seven roles for hydrogen, which is why we are encouraging governments and investors to give it a prominent role in their energy plans. The sooner we get the hydrogen economy going, the better, and we are all committed to making this a reality.”

chieving such scale would require substantial investments; approximately US$20 to 25 billion annually for a total of about US$280 billion until 2030. Within the right regulatory framework – including long-term, stable coordination and incentive policies – the report considers that attracting these investments to scale the technology is feasible.

he world already invests more than US$1.7 trillion in energy each year, including US$650 billion in oil and gas, US$300 billion in renewable electricity, and more than US$300 billion in the automotive industry.

Symbol for the exajoule, an SI unit of work or energy equal to 1018 joules. 1

he launch of the new roadmap came during the Sustainability Innovation Forum in the presence of 18 senior members of the Hydrogen led by co-chairs Takeshi Uchiyamada, Chairman of Toyota and Benoît Potier, Chairman and CEO, Air Liquide and accompanied by Prof. Aldo Belloni, CEO of The Linde Group, Woong-chul Yang, Vice Chairman of Hyundai Motor Company and Anne Stevens, Board Member of Anglo American. During the launch, the Hydrogen Council called upon investors, policymakers, and businesses to join them in accelerating deployment of hydrogen solutions for the energy transition. It was also announced that Woong-chul Yang of Hyundai Motor Company will succeed Takeshi Uchiyamada of Toyota in the rotating role of the Council’s co-chair and preside the group together with Benoît Potier, Chairman and CEO Air Liquide, in 2018. Mr Uchiyamada is planning to return as Co-chairman in 2020, coinciding with the Tokyo Olympic and Paralympic Games, an important milestone for showcasing hydrogen society and mobility.

Mr. Benoît Potier Chairman and CEO, Air Liquide “This study confirms the place of hydrogen as a central pillar in the energy transition, and encourages us in our support of its largescale deployment. Hydrogen will be an unavoidable enabler for the energy transition in certain sectors and geographies. The sooner we make this happen the sooner we will be able to enjoy the needed benefits of Hydrogen at the service of our economies and our societies. Solutions are technologically mature and industry players are committed. We need concerted stakeholder efforts to make this happen; leading this effort is the role of the Hydrogen Council.”

Hydrogen, Scaling upKey takeaways2

18% 6GT $2.5tn 30 of final energy demand

annual CO2 abatement

annual sales (hydrogen & equipment)

Million hobs created

Source : Business Wire

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November Part C 2017

TECHNOLOGY

MIT Researchers Release Evaluation Of Solar Pumps For Irrigation And Salt Mining In India Study of solar pump technology use in India assesses technical performance and explores innovative business cases to increase user adoption.

n 2014, the government of India made an ambitious goal to replace 26 million groundwater pumps run on costly diesel, for more efficient and environmentally-friendly options such as solar pumps. Groundwater pumps are a critical technology in India, especially for small scale farmers who depend on them for irrigating crops during dry seasons. With the lack of a reliable electrical grid connection, and the high price and variable supply of diesel fuel, solar-powered pumps have great potential to meet farmers’ needs while reducing costs and better preserving natural resources. MIT researchers have just released a new report evaluating a range of solar pump technologies and business models available in India for irrigation and salt mining to better understand which technologies can best fit farmers’ needs.

The report, “Solar Water Pumps: Technical, Systems, and Business Model Approaches to Evaluation,” details the study design and findings of the latest experimental evaluation implemented by the Comprehensive Initiative on Technology Evaluation (CITE), a program supported by the U.S. Agency for International Development (USAID) and led by a multidisciplinary team of faculty, staff, and students at MIT.j.

November Part C 2017

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TECHNOLOGY

aunched at MIT in 2012, CITE is a pioneering program dedicated to developing methods for product evaluation in global development. CITE researchers evaluate products from three perspectives, including suitability (how well a product performs its purpose), scalability (how well the product’s supply chain effectively reaches consumers), and sustainability (how well the product is used correctly, consistently, and continuously by users over time).

Designing the study to fill information gaps in the market

espite the tremendous potential for solar pumps to fill a technological need, there is little information available to consumers about what works best for their needs and a wide range of products available for selection.

“There’s a lot of potential for these technologies to make a difference, but there is a large variance in the cost and performance of these pumps, and lot of confusion in finding the right-sized pump for your application,” says Jennifer Green, CITE sustainability research lead and MIT Sociotechnical Systems Research Center research scientist. In many areas, the only people to turn to for information are the people selling the pumps, so an independent evaluation of the pumps working with our partners provides a third-party, non-biased information alternative.”

o conduct the evaluation, MIT researchers worked closely with the Technology Exchange Lab in Cambridge, Massachusetts, as well as the Gujarat, India-based Self Employed Women’s Association, a trade union that organizes women in India’s informal economy toward full employment and is currently piloting use of solar pumps in their programs. esearchers tested the technical performance of small solar pump systems in the workshop at MIT D-Lab, and tested larger solar pump systems in communities in India where they were in active use. This allowed for more rigorous, controlled lab testing as well as a more real-life, grounded look at how systems operated in the environment in which they would be deployed. Researchers also used a complex systems modeling technique to examine how the pumps impacted the social, economic, and environmental conditions around them, and how different government policies might impact these conditions at a macro level.

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November Part C 2017

TECHNOLOGY

Identifying The Most Appropriate, Accessible Technologies

n the lab, MIT researchers procured and tested five pumps — the Falcon FCM 115, the Harbor Freight, the Kirloskar SKDS116++, the Rotomag MBP30, and the Shakti SMP1200-20-30. Lab tests on flow rate, priming ease, and overall efficiency demonstrated that two of the lower-cost pumps — the Falcon and the Rotomag — performed the best, and the most expensive pump — the Shakti — performed poorly. MIT researchers also studied pump usage, installing remote sensors in panels and pumps being used in Gujarat, India to ensure that the pumps were being used consistently over the course of a day, and operating properly.

ecause solar pumps are often too expensive for small-scale farmers, CITE also conducted a business case analysis to understand what financing mechanisms might make solar pump technology more affordable for these critical end users. For example, researchers looked at government policies such as subsidizing the cost of solar equipment and paying for excess electricity production as a combination that might help farmers make this transition.

“The cost of solar pumps is still prohibitively high for individual farmers to buy them straight out,” Green says. “It will be critical to ensure financing mechanisms are accessible to these users. Coupling solar pump systems with well-thought out government policies and other technologies for minimizing water use is the best approach to optimizing the food-water-energy nexus.”

n addition to the evaluation, CITE created a pump sizing tool that can be used to help farmers understand what size pump they need given their particular field sizes, water requirements, and other factors.

“That gives them more knowledge and power when they go to talk to the water pump manufacturers,” Green says. “If they know what they need, they’re less likely to be talked into buying something too big for their needs. We don’t want them to overpay.”

“CITE’s evaluation work has been a great value-add (for the Self Employed Women’s Association) because we can better understand which pumps are most efficient,” says Reema Nanavaty, Director of the Self Employed Women’s Association. We’re not a technical organization and we did not want to set the livelihoods of these poor salt pan workers by bringing in the wrong kind of pump or an inefficient pump.”

ITE’s research is funded by the USAID U.S. Global Development Lab. CITE is led by principal investigator Bishwapriya Sanyal of MIT’s Department of Urban Studies and Planning, and supported by MIT faculty and staff from D-Lab, the Priscilla King Gray Public Service Center, Sociotechnical Systems Research Center, the Center for Transportation and Logistics, School of Engineering, and Sloan School of Management.

n addition to Green, co-authors on this report include CITE research assistants Amit Gandhi, Jonars B. Spielberg, and Christina Sung; Technology Exchange Lab’s Brennan Lake and Éadaoin Ilten; as well as Vandana Pandya and Sara Lynn Pesek. Source : MIT NEWS

November Part C 2017

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INDIA

India-France cooperation a 'partnership for planet': Le Drian

Describing the Indo-French cooperation as a "partnership for the planet", French Foreign Minister Jean-Yves Le Drian said that the Indialed International Solar Alliance (ISA) will play a crucial role in helping developing nations gain access to sustainable energy at lower costs.

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e Drian said India and France have expressed the desire to maintain the momentum generated during the 2015 Paris Climate Summit and the founding of the ISA, which has the support of 121 solar-rich countries to tackle energy issues. The French foreign minister and minister of Europe said the India-France bilateral cooperation is a "partnership for the planet, which is at the core of our global diplomacy." He said Prime Minister Narendra Modi and President Emmanuel Macron have wished to have the state visit coincide with the first summit of the ISA, scheduled early next year in Delhi.

"This is very positive and will enable us to further enhance the attractiveness of this international organisation, which will have a crucial role to play in helping developing countries gain access to sustainable energy at lower costs," Le Drian said at a joint presser with India's External Affairs Minister Sushma Swaraj. He said the bilateral partnership was also seen at the economic level. "We keenly desire to pursue this cooperation, among others, in the fields of smart cities, eco-mobility, waste management, and carbon-free energy," he said. "There is also the field of renewable energy, in which our companies are working together positively and efficiently, and they will do so even more in the future," he said. The French foreign minister also talked about the "partnership of hearts" and said a bilateral relationship of this nature - which is "ambitious and resolutely geared to the future" - must have meaning for the people of the two nations. "India and France share values, a common history, and we must henceforth envision the future together with the help of our true people-to-people partnership investing in the future actors of our relationship," he said, and welcomed "all those who wish to visit our country". He said the issues related to the Indian youth will be a subject President Macron, 39, will address during his visit. "Tomorrow, I will inaugurate the BonjourIndia platform in Delhi and Jaipur, which will offer the best of this partnership of hearts through 300 events across 33 Indian cities," he said. In 2015, Prime Minister Modi and then French President Francois Hollande jointly launched the International Solar Alliance ((ISA) at the Paris climate conference. Representatives from around 70 countries, including more than 30 head of the states and governments, had participated in the inauguration. France is India's ninth largest investment partner. It is a key partner in India's development in areas such as defence, space, nuclear and renewable energy, urban development and the Source : PTI Railways.

November Part C 2017

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INDIa

Where Are Green Funds, Sc Judge Asks Centre At Global Meet Asking where is the money collected under compensatory afforestation funds being invested, a Supreme Court judge on Saturday said the environment has degraded over the last few years, suggesting that the funds have certainly not gone to the green cause.

peaking at the International Conference on Environment here, Justice M.B. Lokur also justified judicial activism due to absence of laws and poor implementation of the existing laws. The Compensatory Afforestation Funds has over Rs. 40,000 crore, with shares of the Centre and states, released in July last year after being passed by the Rajya Sabha. The fund is meant to aid both Centre and states in afforestation activities and is supposed to be controlled by the Compensatory Afforestation Management and Planning Authority (CAMPA).

“Huge amounts of money running into thousands of crores of rupees have been collected by the government. Where has that money gone? That money has certainly not gone for the improvement of environment because the environment has degraded over the last few years,” Justice Lokur said at the meet, organised by the National Green tribunal (NGT) with support from the Union Environment Ministry.

However, Union HRD Minister Prakash Javadekar, who was the Environment Minister in 2016 and under whose leadership the funds were mobilised, opposed what Justice Lokur said and explained that the government had a good account and the funds were being invested in renewable energy. “The funds are being invested in climate change and renewable energy. They are not being diverted anywhere,” Javadekar said.

November Part C 2017

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INDIA

ustice Lokur also said that there was dearth of environmental laws in India and the Parliament needed to frame laws on a variety of issues that confront the mankind.

“We need to frame laws so that there is clear understanding of the problems,” he said, adding that despite excellent laws being framed, the implementation remained “shoddy”.

H R I

e added that the Supreme Court had been involved in environmental jurisprudence since long and since the courts could not bear the burden alone, the government must share the burden. ebutting what the judge had to say, Javadekar, who was the Environment Minister when landmark Paris Climate Agreement was signed in 2015, pointed out some of the maor steps taken against climate change. mposing high cess on coal production, more than in any other country (six dollars per tonne), investment in the renewables and the target to implement cleaner Bharat Standard (BS)-VI emission norms by January 1, 2020, were some of the major steps in this direction, he said.

“But you need time and it can’t happen overnight. You can’t stop vehicles from plying. There has to be a concrete and feasible plan,” Javadekar said. The HRD Minister also pointed out that with only 2.5 per cent of world’s land and 17 per cent of the human population, country was already facing challenges due to the burden on resources.

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nion Railway Minister Piyush Goyal, who was also present at the conference, emphasised on combating climate change and said he was looking at 100 per cent electrification of the railway fleet as even after seven decades of Independence, 50 per cent of the trains entering Delhi had diesel engines.

tating that India has already achieved 12,200mw of solar capacity so far, the Railway Minister said the country was well poised to reach its target of 100gw capacity by 2022.

oyal added that his ministry (Coal) used Indian Space Research Organisation (ISRO)’s satellite technology to map the areas that had been converted into forests and put it in the public domain. Source: IANS

November Part C 2017

ELECTRIC VEHICLES

Tesla’s Elon Musk Unveils Roadster, Electric TruckHere’s The First Look Tesla Inc has unveiled a prototype electric big-rig truck that it will start producing in 2019.

Tesla Inc has unveiled a prototype electric big-rig truck that it will start producing in 2019. Chief Executive Elon Musk unveiled the big rig, dubbed the Tesla Semi, by riding the truck into an airport hangar near Los Angeles in front of a crowd of Tesla car owners and potential buyers.

2 Later the semi-truck opened its trailer, and a new Roadster drove out. The car is an updated version of Tesla's first production vehicle. It can seat four and travel 620 miles (1,000 km) on a single charge, a new record for an electric vehicle, Musk said. It can go from 0 to 60 miles per hour (100 km per hour) in 1.9 seconds.

November Part C 2017

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ELECTRIC VEHICLES

5 Tesla would need to invest substantially to create a factory for those trucks. The company is currently spending about $1 billion per quarter, largely to set up the Model 3 factory, and is contemplating a factory in China to build cars. Charging and maintaining electric trucks that crisscross the country could be expensive and complex. Tesla said the truck can charge 30 minutes and then travel 400 miles.

3 4

Musk has described electric trucks as Tesla's next effort to move the economy away from fossil fuels through projects including electric cars, solar roofs and power storage. The truck can go up to 500 miles (800 km) at maximum weight at highway speed. Musk did not give a price for the truck.

On the other hand, Tesla Semi can also go from 0 to 60 mph in five seconds without cargo or reach 60 mph in 20 seconds at the maximum weight allowed on US highways of 80,000 pounds (36,300 kg). "I can drive this thing and I have no idea how to drive a semi," Musk joked. The company will guarantee the truck's drivetrain, which delivers power to the wheels, for 1 million miles.

Source: Reuters

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November Part C 2017

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ELECTRIC VEHICLES

Toyota, Suzuki To Produce Electric Vehicles For India Market By 2020 Global automobile majors Toyota Motor Corporation and Suzuki Motor Corporation will join hands to produce electric vehicles (EVs) for the India market by 2020. On Friday, both Toyota and Suzuki said they have concluded a memorandum of understanding (MoU) on the “cooperative structure for introducing EVs in the Indian market around 2020.

“The agreement stems from the two companies having concluded on February 6 this year an MOU on beginning considerations for business partnership, after which they began discussing, among other topics, the dissemination of vehicle electrification technologies in India,” a joint statement said.

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ccording to the joint statement, Suzuki will be tasked under the MoU to produce EVs for the Indian market and will supply some to Toyota, while Toyota is to provide technical support. “Additionally, Toyota and Suzuki intend to conduct a comprehensive study of activities for the widespread acceptance and popular use of EVs in India,” the statement said. ”Such activities encompass the establishment of charging stations, human resources development that includes training for after-service technicians employed throughout sales networks, and systems for the appropriate treatment of end-of-life batteries.”

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The automobile majors observed that under “the leadership of Indian Prime Minister Narendra Modi”, India is endeavoring to rapidly promote an automotive transition to EVs. “Suzuki has already announced that it intends to construct a lithium-ion battery plant on the grounds of its recently opened automobile plant in the Indian state of Gujarat,” the statement said. ”As envisioned by the agreement, in addition to lithium-ion batteries, electric motors and other major components would be locally procured for the production of EVs in India, helping the Indian government fulfill its Make in India initiative, even in the field of EVs.”

Source: IANS

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TECHNOLOGY

High-Efficiency Monocrystalline Solar Surges in 2017. Here’s Why Bifacial Is Next Mono is the future, says LONGi.

he photovoltaic industry is experiencing rapid change, with high-efficiency modules seizing market share and setting the stage for even higher efficiencies to come. Passivated emitter and rear cell (PERC) technology, and particularly the monocrystalline silicon version of PERC, is the hot adoption trend in 2017. Just two years ago, PERC cell capacity accounted for about 5 gigawatts of the market. But the drive for higher efficiencies in the world’s largest solar market, China, has turned the tables. PERC cell capacity is expected to reach about 35 gigawatts in 2017, or

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roughly one-third of all PV module production, according to GTM Research. PERC technology increases cell conversion efficiency by adding a dielectric passivation layer at the rear side of the cell that reduces surface recombination. Manufacturers can cost-effectively increase efficiency beyond standard multi c-Si, building higher-wattage modules, and generating more power per square foot in a solar installation. Even better, LONGi solar and another Chinese enterprise broke the world record for p-type monocrystal PERC cell efficiency three times in 10 days during October, which undoubtedly shows the strength of this advanced technology. While PERC

High-Efficiency Monocrystalline Solar Surges in 2017. Here’s Why Bifacial Is Next cells are gaining quickly, there is also a significant shift occurring in the marketplace itself, where mono c-Si cells are rapidly replacing multi c-Si cells. Mono will account for 70 percent of PERC module production in 2017, according to GTM Research. Mono isn’t just gaining ground in PERC cells. In conventional module production, mono will account for 38 percent of production in 2017, up from 25 percent in 2015. These market shifts are not only playing out in China -- driven by the promotion of high-efficiency solutions in the National Energy Administration’s Top Runner program -- but also globally. Multi c-Si modules have traditionally provided a cost advantage, but mono has tightened that gap while providing more wattage output per module. Superior low-light performance and better temperature coefficients improve energy yield, making mono and mono PERC particularly attractive to solar installers across the globe.

November Part C 2017

TECHNOLOGY A DEDICATED MONO C-SI DRIVER EMERGES AS A TOP PLAYER

ne of the drivers of highefficiency mono c-Si is LONGi Solar, the cell and module manufacturing subsidiary of LONGi Green Energy Technology Company. Since its inception, LONGi Green Energy Technology Company has had a laser focus on mono c-Si, emerging as the world’s largest mono wafer producer, according to GTM Research. After an extensive study of the market and the technology that began in 2006, LONGi committed to mono, determining that it had the greatest potential to realize the lowest levelized cost of electricity (LCOE), said Hongbin Fang, LONGi Solar’s director of technical marketing. With a shrinking price gap between mono and multi wafers, and higher efficiency or power density from mono cells, mono modules are now able to offer a value proposition comparable or superior to multi modules. Using mono modules with higher power density can also drive down balance-of-system costs. Combined with higher energy yield, mono PERC can deliver a better levelized cost of energy (LCOE), Fang said. The fact that LONGi, a pure mono producer, could emerge as the top solar wafer producer overall is a

“We are working to achieve high efficiency at a reasonable cost. Mono PERC delivers better energy yield than multi, and the company is continuously improving the cost of mono technology. Before 2014, the price difference between mono and multi wafer was $0.30 to $0.40 USD per piece. Since late 2015, that gap has narrowed to $0.10 to $0.15 USD per piece.” - said Hongbin Fang, LONGi Solar’s director of technical marketing strong indicator of mono’s emergence as a dominant technology. It is a fundamental shift in the technology landscape, where multi was king, and suppliers were previously relying on small efficiency improvements in multi, rather than looking toward the next generation of the technology. LONGi commits 5 to 7 percent of annual revenue to R&D on highefficiency mono c-Si ingot, wafer, cell and module technology. After expanding into the solar cell and

module business at the end of 2014, LONGi has become the performance leader in mono PERC technology. Currently, high-volume manufacturing cell efficiency is at 21.5 percent. Further, LONGi’s R&D pilot line efficiency has been verified at 23.26 percent by Solar PV Product Quality. LONGi’s mono module production capacity has increased to 6 gigawatts in 2017. Its manufacturing road map project will grow by 10 gigawatts in 2019, according to Fang.

BIFACIAL COULD BE NEXT

aving played a major role in the emergence of mono PERC, LONGi is setting its sights on bifacial technology. The company's bifacial platform has the potential to increase energy output by 8 to 25 percent, by enabling an energy harvest from the module’s rear side, according to Fang. Adapting a PERC cell for bifacial is straightforward, which means both manufacturers such as LONGi and their customers can easily make the transition. “Process-wise, it is a small change,” Fang said. Bifacial PERC inherits all of the advantage of mono PERC, including high power and higher energy yield. In addition, it can harvest energy from the rear side of module, making system economics even better. “Right now, we are in the product introduction phase, and we have already seen strong interest from customers," said Fang. If bifacial PERC modules can consistently demonstrate a 10 to 15

percent gain from the rear side, the market will react quickly and favorably. Adoption could be strong in both utility and C&I applications, he said. He expects utilities to run side-byside comparisons to document energy yield, learning optimum system designs that will enhance confidence in the reliability and bankability of backside gains. Backside shading must be minimized, and system designs must be adapted to maximize rear-side energy harvesting, he said. GTM Research expects it will take a couple of years for bifacial to take off, even though many producers have started producing bifacial modules. In the short term, China is

the most promising market given the government policies targeting adoption of higher-efficiency products. In the meantime, LONGi is poised for growth beyond its home market, and sees opportunities in nearly every large solar market across the globe. Even though none of those markets have preferential incentive programs for high-efficiency products like Top Runner in China, Fang said more developers and engineering, procurement and construction companies are coming to understand the cost savings and LCOE benefit of mono PERC. This will naturally extend to bifacial PERC technology.

With an increasing focus on lifetime LCOE, LONGi thinks bifacial isn’t far behind. That makes the cost picture look even better,” Fang said. Mono PERC, especially bifacial PERC, will capture a very significant portion of the overall PV market in the near future, and continue to grow from there.” Source: Greentech Media

November Part C 2017

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ENERGY STORAGE

Global Energy Storage Market To Double Six Times Between 2016-2030 Forecast shows one-fourth of deployments in the U.S. l

$103 billion invested in energy storage over this period

Key Highlights Of The Report Include: The global energy storage market will double six times between 2016 and 2030, rising to a total of 125 gigawatts/305 gigawatthours. This is a similar trajectory to the remarkable expansion that the solar industry went through from 2000 to 2015. Source: Bloomberg New Energy Finance

$103 billion will be invested over this period. Spread roughly equally across the Americas, Asia Pacific and Europe, Middle East and Africa regions. Eight countries will lead the market, with 70 percent of capacity to be installed in the U.S., China, Japan, India, Germany, U.K., Australia and South Korea.

‘The industry has just begun. With so much investment going into battery technology, falling costs and with significant addition of wind and solar capacity in all markets, energy storage will play a crucial part in the energy transformation’. - Yayoi Sekine, BNEF Energy Storage Analyst, Lead Author of the report

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Energy storage, both utilityscale and behind-the-meter, will be a crucial source of flexibility throughout this period and will be essential to integrating increasing levels of renewable energy.

November Part C 2017

energy storage

Amara Raja Batteries Aims To Be Rs. 10,000-Cr Firm In 3 Yrs Amara Raja Batteries Ltd (ARBL) is aiming to be a Rs 10,000-crore entity in the next 2-3 years as the Hyderabad-based company clocks a solid double-digit growth in its automotive segment, said a top company official.

ARBL’S REVENUE IN 2016-17 WAS RS 5,981.39 CRORE.

sked by when ARBL will achieve Rs 10,000-crore sales, Vijayanand said: “Since we are are in two different verticals, a lot depends as how these individual verticals are likely to grow, but if we have our way and able to realise plans which we have in blueprint, we should be getting there in the next 2-3 years timeframe probably.” The company is registering a CAGR (compound annual growth rate) of around 14-15 per cent in its revenue over the past five years, he added.

“We expect that kind of double-digit growth is still possible for the next 2-3 years,” he added.The automotive and industrial segments contribute in the ratio of 60:40 in the ARBL’s revenue pie.“Our typical (revenue) historically split between automotive and industrial is 60:40, but if you look at the market potential, it should stabilise to two-thirds to one- third ratio,” he said, adding that “it would take a couple of years to reach there”. The industrial segment is driven by two large players — the telecom industry and UPS – and solar has the potential to emerge as the third factor.

“Today, solar capacities are being added, which constitute a smaller percentage of the grid, but at some point of time, I am sure that solar component of the overall power generation would be at a powerful point,” he said, while adding that a new market would be created by people who would store energy to “avoid peak consumption points” as well. The company is also eyeing development of 100 smart cities by the government that require solar energy solutions and may participate directly if there is a large order.

ARBL expects that its automotive segment will contribute around twothirds of its overall sales in the next 2-3 years as the vehicle sector grows and the rest will come from the industrial segment, ARBL CEO S Vijayanand told. Besides, the company sees potential in the solar segment, which requires clean batteries for energy storage, as thrust on green energy is on the rise.

“We would like to be neutral in providing our solutions to most players, but if there is a large project that requires a consortium bidding, we would be open to those project specific associations,” he said. Various ultra mega solar parks are being set up in different states and ARBL has big bidding plans.The company exports 12-15 per cent of its volumes to South-East, South Asia, the Middle-East and some African countries

— in both industrial and automotive segments. “Our focus so far has been pretty much to grow in the domestic market, but going forward in the next 3-5 years, there would be much more focus on export to the identified countries where tariff structure is not a barrier,” he said. The overall battery market in India is estimated to be Rs 27,000 crore and dominated by two companies – ARBL and Exide.ARBL is the flagship company of the Amara Raja group, with 26 per cent equity stake each from the Galla family and US-based Johnson Controls Inc. Source: PTI

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MIDDLE EAST & AFRICA

West Africa’s Off-Grid Solar Market Boom Drives Lumos Expansion - By Olivier Monnier

West Africa’s booming off-grid solar industry is drawing international investors eyeing expansion. Lumos Global, a Dutch off-grid developer that raised $90 million last year to start business in Nigeria, said its expanding in Ivory Coast this month. In both countries, Amsterdam-based Lumos is using a partnership with MTN Group Ltd. that allows customers pay for solar power with their mobile phones.

“It’s all very clear that this is a viable solution,” said Lumos co-founder Nir Marom in a telephone interview from Lagos, Nigeria. It’s growing in all of Africa, specifically West Africa.”

ub-Saharan Africa has the lowest rates of energy access on the planet and is home to about half of the world’s 1.2 billion people without reliable electricity, according to the International Energy Agency. The problem extends to businesses as well as households, cutting into productivity and growth. Startups across the region have started linking mobile phone networks with power developers to create pay-as-you-go models that expand access to electricity. Since it launched its services in Nigeria in 2016, Lumos has sold 65,000 solar systems, providing power to as many as 250,000 people, according to the company. Similar demand may be found in the Ivory Coast, where about 40 percent of people among the population of 24 million live without electricity, according to the World Bank. Lumos plans to use part of the equity it raised last year to fund its initial expansion while also seeking additional cash from banks, development finance institutions and private investors, Marom said, declining to say how much the company is seeking to raise.

“Today in Nigeria we are already selling many hundreds of systems everyday and we want to reach these levels and beyond in Ivory Coast,” he said. “The need for these systems and the market demand is so huge that we are in constant fundraising.” Source: bloombergquint

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November Part C 2017

RESEARCH & ANALYSIS

LAZARD RELEASES ANNUAL LEVELIZED COST OF ENERGY AND LEVELIZED COST OF STORAGE ANALYSES –LCOE 11.0 shows continued cost declines for utility-scale wind and solar energy – – LCOS 3.0 shows declining but widely variable battery storage costs–

“The growing cost-competitiveness of certain alternative energy technologies globally reflects a number of factors, including lower financing costs, declining capital xpenditures per project, improving competencies and increased industry competition,” said George Bilicic, Vice Chairman and Global Head of Lazard’s Power, Energy & Infrastructure Group. “That said, developed economies will require diverse generation fleets to meet baseload generation needs for the foreseeable future.”

Lazard Ltd (NYSE: LAZ) has released its annual in-depth analyses comparing the costs of energy from various generation technologies and of energy storage technologies for different applications.

azard’s latest annual Levelized Cost of Energy Analysis (LCOE 11.0) shows a continued decline in the cost of generating electricity from alternative energy technologies, especially utility-scale solar and wind. Lazard’s latest annual Levelized Cost of Storage Analysis (LCOS 3.0), conducted with support from Enovation Partners, shows declining cost trends among commercially deployed technologies such as lithium-ion, but with wide variations depending on the type of application and battery technology.

“Energy industry participants remain confident in the future of renewables, with new alternative energy projects generating electricity at costs that are now at or below the marginal costs of some conventional generation,” said Jonathan Mir, Head of Lazard’s North American Power Group. “The next frontier is energy storage, where continued innovation and declining costs are expected to drive increased deployment of renewables, which in turn will create more demand for storage.”

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RESEARCH & ANALYSIS

The two studies offer a variety of insights, including the following selected highlights: LCOE 11.0 A

As LCOE values for alternative energy technologies continue to decline, in some scenarios the fulllifecycle costs of building and operating renewables-based projects have dropped below the operating costs alone of conventional generation technologies such as coal or nuclear. This is expected to lead to ongoing and significant deployment of alternative energy capacity.

Global costs of generating electricity from alternative energy technologies continue to decline. For example, the levelized cost of energy for both utility-scale solar photovoltaic (PV) and onshore wind technologies are down approximately 6% from last year.

Despite the modestly slowing rate of cost declines for utility-scale alternative energy generation, the gap between the costs of certain alternative energy technologies (e.g., utility-scale solar and onshore wind) and conventional generation technologies continues to widen as the cost profiles of such conventional generation remain flat (e.g., coal) and, in certain instances, increase (e.g., nuclear). Specifically, the estimated levelized cost of energy for nuclear generation increased ~35% versus prior estimates, reflecting increased capital costs at various nuclear facilities currently in development.

Although alternative energy is increasingly cost-competitive and storage technology holds great promise, alternative energy systems alone will not be capable of meeting the baseload generation needs of a developed economy for the foreseeable future. Therefore, the optimal solution for many regions of the world is to use complementary conventional and alternative energy resources in a diversified generation fleet.

LCOS 3.0 A

Among commercially deployed technologies, lithiumion continues to provide the most economical solution across use cases analyzed in the LCOS, although competing flow battery technologies claim to offer lower costs for certain applications.

Although energy storage technology has created a platform for discussions related to certain transformational scenarios, such as consumers and businesses “going off the grid”, it is not currently cost competitive in most applications. However, under some scenarios, certain applications of energy storage technologies are attractive; these uses relate primarily to strengthening the power grid and accessing cost savings and other sources of value for commercial and industrial energy users through reducing utility bills and/or participating in demand response programs.

Industry participants expect costs to decrease significantly over the next five years, driven by scale and related cost savings, improved standardization and technological improvements, supported in turn by increased demand as a result of regulatory/pricing innovation, increased renewables penetration and the needs of an aging and changing power grid in the context of a modern society. The majority of future cost declines are expected to occur as a result of manufacturing and engineering improvements in batteries. Cost declines projected by industry participants vary widely among energy storage technologies, but lithium-ion capital costs are expected to decline as much as 36% over the next five years.

As the energy storage market continues to evolve, several potential sources of revenue streams available to energy storage systems have emerged. However, the ultimate mix of available revenue streams for a particular energy storage system varies significantly across geographies.

LCOE 11.0 and LCOS 3.0 reflect Lazard’s commitment to the sectors in which it participates. The two studies are posted at www.lazard.com/perspective. Lazard’s Global Power, Energy & Infrastructure Group serves private and public sector clients with advisory services regarding M&A, financing and other strategic matters. The group is active in all areas of the traditional and alternative energy industries, including regulated utilities, independent power producers, alternative energy and infrastructure.

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November Part C 2017

RESEARCH & ANALYSIS

Bloomberg BNEF Ranks Longi Solar As World No.2 By Financial Health BEIJING — Bloomberg New Energy Finance is a leading provider of global PV business dynamics and financial information. Its PV Module Maker Tiering System is an important basis for global PV industry insiders to make decisions. Two of the most important evaluation criteria are “bankability” and “financial health”. FLGURE 5: ALTMAN-Z SCORES OF PV MODULE MANUFACTURERS , AS OF Q2 2017 Kyocera, 4.02 First Solar 2.94

Panasonic 2.37 1.61

1.29 0.68 0.07

Lerri (Longi) LG Electronics, 3.07 2.46

Asia

Eging 2.26

Americas

1.51

1.09

0.30

Europe -2.29

According to the latest 2017Q2 rating report, LONGi Solar, which only entered the module market two years ago, is put on the list of “global top 10 PV module brands used in most debt-financed projects”; and its financial health ranks No.2 in the world and No.1 in China among all PV module makers. LONGI SOLAR RANKS AMONG GLOBAL TOP 10 PV MODULE BRANDS BY BANKABILITY

FINANCIAL HEALTH – NO.2 IN THE WORLD, NO.1 IN CHINA

“Bankability” refers to whether projects using the solar products are likely to be offered non-recourse debt financing by banks. Based on completed projects tracked down by its database, including 5,300 PV projects in the past two years, Bloomberg New Energy Finance made a debt financing brand tiering of global “tier 1” module makers, and LONGi Solar entered TOP10 (by projects after June 2015) with flying colors.

Altman-Z score is a ratio indicator that reflects the manufacturer’s financial health, which effectively reflects the likelihood of a company’s bankruptcy within two years. Score Z> 2.6 indicates that the enterprise is in a safe area, 1.1<Z<2.6 indicates a gray area and Z<1.1 indicates a dangerous area. The results of the Bloomberg report show that in 2017Q2 only three module companies are in the “safe area”, and LONGi Solar is the only Chinese module manufacturer, demonstrating excellent financial health.

November Part C 2017

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ROOFTOP & OFFGRID

Merck Receives Gold LEED Certification, Installs Company’s Largest Solar Power Infrastructure in India Merck contributes to a smaller carbon footprint in India l Company’s largest solar power array at its Jigani Life Science Center l Peenya site is now Gold LEED (Leadership in Energy and Environmental Design) certified l

erck, a leading science and technology company, is reducing the company’s carbon footprint in India with its largest solar power array initiative and a Gold LEED manufacturing site. These improvements are supported by Merck’s EDISON program which aims to invest approximately €10 million annually into existing facilities with the goal of reducing energy consumption and greenhouse gas emissions.

Merck’s Largest Solar Power Panel Project in Bangalore In early 2017, Merck embarked on the installation of solar power panels at its Jigani and Peenya centers in Bangalore. The Jigani installation is the largest solar panel array implemented by Merck to date, while Peenya ranks as the third largest.

hase one at the Jigani site included installation of a 400kW solar photovoltaic system on the warehouse roof. Phase two will add an additional 200kW of solar panels to the roofs of other buildings in the Jigani site, and is scheduled to be ready by December 2017. The solar panels at the Jigani site are expected to generate 900,000kWh of electricity annually. This is equivalent to 30 percent of the site’s electricity needs and is expected to reduce emissions by 833 metric tons, saving €101k annually from energy consumption.

he Peenya site has been outfitted with a 300kW solar power installation. This system will generate 365,000kWh per year and reduce emissions by 337 metric tons annually. Like the Jigani site, the panels are expected to provide 30 percent of the site’s electricity needs, saving €36,000 per year.

Peenya Site Receives Gold LEED Certification In August 2017, Merck received the LEED (Gold certification), the second-highest level of certification from the India Green Building Council, for its Peenya Life Science Center. LEED is the most widely used green building rating system in the world. Merck takes this globally recognized symbol of sustainability achievement into consideration when constructing or renovating its facilities.

Design elements that contributed to the Peenya centre’s Gold LEED certification include:

“Reducing greenhouse gas emissions is a challenging task considering organic business growth and increased volume from manufacturing operations. In Bangalore, our sites have made great progress towards improving environmental sustainability while keeping operating costs low. The investment made in sustainable energy at Jigani and Peenya demonstrates our commitment to our company’s and the country’s sustainability targets.” - said Kevin Gorman, Head of Life Science Operations India

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l Close proximity to public transportation and incorporation of secure bicycle storage and shower facilities. l 35 percent reduction in water consumption through low-flow fixtures. l 42 percent reduction in energy consumption compared to ASHRAE 90.1-2007 baseline, part of which is due to solar panel installation as well as highefficiency lighting, HVAC and weatherization. l 66 percent of the total value of materials used were extracted or manufactured within 400km of the project site. l Increased fresh air ventilation 30 percent above ASHRAE 62.1 requirements and use of low volatile organic compound (VOC) materials.

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TECHNOLOGY

Butterfly Wings Help Boost Solar Cell Efficiency Scientists have successfully reproduced nanostructures found on butterfly wings in solar cells to enhance their light absorption rate by up to 200 per cent.

unlight reflected by solar cells is lost as unused energy, according to the study published in the journal Science Advances. The wings of the butterfly Pachliopta aristolochiae are drilled by nanostructures (nanoholes) that help absorbing light over a wide spectrum far better than smooth surfaces.

"The butterfly studied by us is very dark black. This signifies that it perfectly absorbs sunlight for optimum heat management. Even more fascinating than its appearance are the mechanisms that help reaching the high absorption. The optimisation potential when transferring these structures to photovoltaics (PV) systems was found to be much higher than expected." - said Hendrik Holscher from Karlsruhe Institute of Technology (KIT) in Germany

he scientists reproduced the butterflys nanostructures in the silicon absorbing layer of a thin-film solar cell. Compared to a smooth surface, the absorption rate of perpendicular incident light increased by 97 per cent and rose continuously until it reached 207 per cent at an angle of incidence of 50 degrees.

"This is particularly interesting under European conditions. Frequently, we have diffuse light that hardly falls on solar cells at a vertical angle," Holscher said.

However, this does not automatically imply that efficiency of the complete PV system is enhanced by the same factor. Also other components play a role. Hence, the 200 per cent are to be considered a theoretical limit for efficiency enhancement." - said Guillaume Gomard Karlsruhe Institute of Technology (KIT)

rior to transferring the nanostructures to solar cells, the researchers determined the diameter and arrangement of the nanoholes on the wing of the butterfly by means of scanning electron microscopy. They then analysed the rates of light absorption for various hole patterns in a computer simulation. The team found that disordered holes of varying diameters, such as those found in the black butterfly, produced most stable absorption rates over the complete spectrum at variable angles of incidence, with respect to periodically arranged monosized nanoholes.

The researchers introduced disorderly positioned holes in a thin-film PV absorber, with diameters varying from 133 to 343 nanometres. Source: PTI

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SOLAR POLICY

Rent-A-Roof Policy Can Give Residential Solar Energy The Push It Requires The success of the rooftop solar is critical for India because it has to decarbonise its electricity sector and tackle air pollution, a significant portion of which is caused by coal-fired power plants generating electricity. Air pollution accounts for 1.2 million deaths every year, according to Global Burden of Diseases and costs India 3% of its GDP .

he Centre is planning a rent-a-roof policy to support its ambitious plan to generate 40 gigawatts (GW) of power from solar rooftop projects by 2022, MINT reported this week . The government’s solar power target is 100 GW; of this 60 GW is expected to come from ground-mounted, grid-connected projects. If the new policy comes through, solar developers — these companies provide end-to-end service to those interested in installing solar systems — can rent rooftop space, fit it with solar panels, and feed the power to the grid . If the policy takes off, householders will not have to bother themselves any more with the time-consuming, bureaucratic nitty-gritty that precedes the installation of panels.

India offers a big opportunity for solar energy. Its 750GW potential is driven by roughly 300 sunny days a year, with an average solar radiation range of 4-7 kilowatt-hours per square metre. Despite this, and attractive fiscal incentives, households haven’t exactly taken to solar power.

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As a result, financial incentives are not being utilised and consumers are not availing significant potential savings on their electricity bills, even as the burden on electricity distribution companies to meet power demand from the grid is growing. A Greenpeace analysis shows that all the major metros are far from meeting rooftop solar targets as laid down by state governments and the ministry of new and renewable energy. This is despite a significant national incentive in the form of a 30% capital subsidy, and a range of state incentives and schemes. The success of the rooftop solar is critical for India which is faced with the challenge of decarbonising its electricity sector and tackling air pollution, some part of which is caused by coal-fired power plants generating electricity. A Global Burden of Diseases report says air pollution accounts for 1.2 million deaths every year, and costs India 3% of its GDP. Large solar plants require land, lots of it. Therefore, it is important that policies support rooftop and decentralised solar power generation, both off grid and on. The proposed policy could empower the solar energy industry to focus on households; it also gives every home a chance to be energy independent. However, it cannot magically transform the sector unless other issues are addressed.

Of India’s ambitious target of 175GW of clean energy capacity by 2022, 100GW is to come from solar projects. Of these, while 60GW is targeted from groundmounted, grid-connected projects, 40GW is to come from solar rooftop projects. Wind power projects are to contribute 60GW.

For one, people must be better apprised of the benefits of solar power (for instance, the government must give solar the same push it gives to Swachch Bharat Abhiyan); and the perceptions that households will have to make a huge upfront investment or that solar installations will make rooftop space unusable have to be removed. These may sound like small issues, but can work as deterrents when households take that leap of faith. Source: Hindustan Times

November Part C 2017

POLICY & REGULATION

Gazette-Notification Quality Control Order Of SPV Systems Devices And Components Goods In exercise of the powers conferred by clause (p) of sub section (1) of section 10 of the Bureau of Indian Standards Act, 1986 (63 of 1986) and in pursuance of clause (fa) of rule 13 of the Bureau of Indian Standards Rules, 1987, the Central Government, after consulting the Bureau of Indian Standards, hereby makes the following Order, namely:1. Short title and commencement (1) This Order may be called the Solar Photovoltaics, Systems, Devices and Components Goods (Requirements for Compulsory Registration) Order, 2017. (2) It shall come into force on the expiry of one year from the date of its publication in the Official Gazette.

2. Definitions (1) In this Order, unless the context otherwise requires (a) “Act” means the Bureau of Indian Standards Act, 1986 (63 of 1986); (b) “Appropriate Authority” means any officer, not below the rank of Director or Scientist ‘F’, of the Ministry of New and Renewable Energy or its sub-ordinate or attached offices, authorised by the Secretary, Ministry of New and Renewable Energy, Government of India; (c) “Goods” means the Solar Photovoltaics Systems, Devices or Components goods specified in the column (2) of the Schedule; (d) “Rules” means the Bureau of Indian Standards Rules, 1987; (e) “Schedule” means the Schedule annexed to this Order; (f) “Series of products” means the products of the same family but varying in sizes or rating or construction; (g) “Specified Standard” in relation to Goods means the Indian Standard

November Part C 2017

as specified in column (3) of the Schedule. (h) “Standard Mark” means the Bureau of Indian Standards Certification Mark as specified by the Bureau to represent a particular Indian Standard. (2) Words and expressions used herein and not defined but defined in the Act and the rules made there under, shall have the meanings respectively assigned to them in the Act and those rules.

3. Prohibition regarding manufacture, storage, sale, distribution, etc. of Goods(1) Any manufacturer, who manufactures, stores for sale, sells or distributes Goods shall make an application to the Bureau for obtaining registration for use of the Standard Mark in respect of the Indian Standard mentioned in column (3) of the Schedule. (2) The grant of registration by the Bureau shall be as per the provisions of the Act and Rules and Regulations made thereunder. (3) No person shall by himself or through any person on his behalf manufacture or store for sale, import, sell or distribute Goods which do not conform to the Specified Standard and do not bear the Standard Mark as notified by the Bureau for such Goods from time to time after obtaining registration from the Bureau: Provided that nothing in this Order

shall apply in relation to manufacture of Goods meant for export. (4) The substandard or defective Goods which do not conform to the Specified Standard mentioned in column (3) of the Schedule shall be deformed beyond use and disposed of as a scrap by the manufacturer or the representative of overseas manufacturer from liaison office or branch office located in India or by any agency authorised by the manufacturer as its authorised representative in the India: Provided that unclaimed consignment of such Goods shall be deformed and disposed of as scrap by such department or agency as may be authorised by the Appropriate Authority.

4. Power to call for information, etc.(1) The Appropriate Authority or a person authorised by it may, with a view to secure compliance with this Order, require any person engaged in the manufacture, storage for sale, sale or distribution of any Goods to give such information as the said Authority deems necessary relating to the manufacture, storage for sale, import, sale or distribution of any Goods or require any such person to furnish to it samples of Goods.

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POLICY & REGULATION

(2) With the specific order each time of an Authority at an appropriate senior level nominated by the Secretary in the Ministry of New and Renewable Energy, the Appropriate Authority or person authorised by it, with a view to secure compliance with this Order may also(a) inspect or cause to be inspected any books or other document and other Goods or the components or materials of any Goods kept by or belonging to or in the possession or under the control of any person engaged in the manufacture, storage for sale, import, sale or distribution of Goods; (b) entry and search any premises and seize Goods in respect of which it has reason to believe that a contravention of this order has been committed or the said Goods are not complying to the specified standard. (3) The provisions of the Code of Criminal Procedure, 1973 (2 of 1974) relating to search and seizure shall so far as may be, apply to searches and seizures under this paragraph.

5. Drawing and testing of sample.(1) Where the Goods have different sizes, ratings, varieties, etc., such Goods shall be grouped and may

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be granted series approval for a Series of products based on testing of representative models. (2) A decision concerning series approval shall be taken by the Ministry of New and Renewable Energy or its authorised agencies while implementing this order. (3) The sample of Goods of the registered user shall be drawn from his manufacturing unit or from the market by the Appropriate Authority or person authorised by it for ascertaining whether they conform to the Specified Standard: Provided that if required, samples may also be drawn by the Bureau or its authorised representatives. (4) The samples shall be drawn at least once in two years for a product or Series of products covered under the scope of registration granted. (5) The location and the product to be picked up shall be selected randomly. (6) At least one sample from the range of products covered in the scope of registration granted shall be picked up for testing. (7) The sample so drawn shall be properly sealed to protect it from any damage and labelled indicating the registration number, the date of the drawl of sample, the source of the market sample or manufactur-

ing unit sample, a three-letter code of the person drawing the sample and the identification number, if any, given on the Goods: Provided that where the sample drawn from the manufacturing unit, in addition to the sample to be sent for testing, another sample from the same batch or lot shall also be drawn, sealed and labelled, and left with the registered user as a counter sample, for use in case of any subsequent dispute. (8) The sample so drawn, sealed and labelled, shall be sent by the Appropriate Authority or person authorised by it for testing to a laboratory established or recognised by the Bureau along with a request indicating that the sample shall be tested with respect to all the requirements of the Specified Standard and the test report shall be sent to the Appropriate Authority. (9) All the test report shall be scrutinised for conformity of the sample with respect to the requirements of the Specified Standard. (10) The test report of the conforming sample shall be retained by the Appropriate Authority and the test report of the non-conforming sample shall be sent to the Bureau by Appropriate Authority within a fortnight for further action. (11) The Appropriate Authority shall also make available the information regarding the status of processing on its website.

6. Power to issue directions to manufacturersThe Appropriate Authority may issue such directions to manufactures, consistent with the provisions of the Act, Rules and this Order, as may be necessary, for carrying out the purposes of this Order.

7. Compliance of directionsEvery manufacturer to whom any direction is issued under this Order shall comply with such direction.

8. Obligation to furnish informationNo manufacturer shall refuse to give any information lawfully demanded from him under paragraph 4 or conceal, destroy, mutilate or deface any book or document relating thereto in his possession or control.

November Part C 2017

75Â

POLICY & REGULATION

[F. No. 3-6/2015-16 R & D] Dr. B. S. NEGI, Advisor/Scientist ‘G’

DIGITALLY SIGNED BY : ALOK KUMAR Date : 2017.09.07 Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

November Part C 2017

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November Part C 2017

77Â

policy & regulations POLICY REGULATION

Government announces Trajectory to achieve its targets of commissioning 100 GW of Solar generating capacity and 60 GW of Wind power by 2022 Government to conduct Third Wind Power Auction of 2000 MW Capacity. Power Supply Agreements signed by SECI with utilities of UP, Bihar, Jharkhand, Assam, Punjab, Goa and Odisha. The Government rECENTLY announced the trajectory for achieving its targets of commissioning 175 GW of Renewable Energy (RE), 100 GW of solar generating capacity and 60 GW of wind power, by 2022.

ddressing the gathering, Union Minister of State (IC) for Power and New & Renewable Energy , Shri Raj Kumar Singh said that there was a long pending demand form the Industry to declare the RE roadmap of the Government. Hence, with the declaration of this trajectory, the Government has clearly spelt out its plan of speeding up of RE installation in the country and strengthening the RE manufacturing base in India. Shri Singh informed that to encourage the Make in India in RE sector, Ministry of New & Renewable Energy (MNRE) is working out the scheme and going to issue an Expression of Interest (EoI) to the Industry, for establishing domestic Manufacturing facilities to the tune of 20GW, in the near future. Further, the MNRE is exploring innovative ways to achieve additional installed RE capacity through Floating Solar Power Plants over dams , Offshore Wind Energy Systems and Hybrid Solar-Wind power systems, which may provide over 10GW additional capacity. The MNRE team of experts has already surveyed the Bhakra Nangal dam for floating solar power plants and off-shore Gujarat and Tamil Nadu for wind power plants, the Minister added. Expressing confidence of comfortably achieving a rather conservative RE target of 175GW by 2022 and even exceed it, along with providing 24×7 affordable, clean and efficient power for all, Shri Singh said that all these targets would be positively achieved with the cooperation of the States in ensuring that their power utilities/ DISCOMS remain financially viable. The Centre has provided all the required support, including funds under 78

November Part C 2017

Deen Dayal Upadhyaya Gram Jyoti Yojana (DDUGJY) and Integrated Power Development Scheme (IPDS), to the States to ensure 24×7 Power for All by strengthening the intra-State transmission networks and by ensuring mandatory presence of metered connections. The Ministry is in talks with the States to ensure 100% metered connections through Smart/Pre-paid meters, Shri Singh added. Talking about issues in Power Purchase Agreements (PPAs), Shri Singh made it very clear that the sanctity of the PPAs have to be ensured and they would have to be mandatorily honoured. The Ministry is in constant talks with State Governments, including Andhra Pradesh and Karnataka, to ensure the same. Talking about the Renewable Purchase Obligations (RPOs), the Minister that these obligations are mandatory and need to be adhered to strictly. Elaborating the RE Development road map , Shri Anand Kumar, Secretary MNRE, said that for achieving 100 GW solar power target by 2022, the Ministry, along with the States, would lay out bids for ground mounted solar parks for 20 GW in 2017-18, out of which 3.6 GW have already been bid out, 3 GW will be bid out in December 2017, 3 GW will be bid out in January 2018, 5 GW in February 2018 and 6 GW in March 2018. 30 GW will be bid out in 2018-19 and 30 GW in 2019-20. Further, Shri Kumar informed that against the target of 60 GW for wind power, 32 GW have already been commissioned. The Central Government in participation with the State Governments intends to issue bids of cumulative capacity of about 8 GW this year. Out

of this, 5 GW (including present 2 GW) have already been bid out, 1500-2000 MW will be bid out in January 2018 and 1500-2000 MW in March 2018. A total of 10 GW will be bid out in the financial year 2018 and 10 GW in 2019, leaving a margin of 2 years for commissioning of projects. Further adding to this, Shri Kumar informed that the Ministry would soon be issuing the Wind Bidding Guidelines. Shri Kumar also said that with wind power tariffs becoming competitive and State DISCOMs encouraged to buy more of Renewable Energy power, the Government has doubled the auction capacity for the third national level wind auction from 4GW last year to around 9GW in the current year. Regarding clarity on GST rates on Solar panels, Shri Kumar said that the MNRE is in talks with the Ministry of Finance and in the next 7-10 days all the issues would be resolved. The present scheme of Wind Power Auction is for setting up of 2000 MW Wind Power Project connected to Inter-State Transmission System (ISTS). The bidder can bid for a minimum capacity of 50 MW and maximum up to 400 MW. The projects under this scheme are expected to be commissioned towards the end of 2019. On the occasion, Power Sale Agreements (PSA) for purchase of wind power under second wind auction with States were also signed with Solar Energy Corporation of India with utilities of Uttar Pradesh, Bihar, Jharkhand, Assam, Punjab, Goa and Odisha. The reverse auction for SECI-II wind bid was conducted on 4th October 2017, which resulted in very competitive tariff of Rs.2.64/2.65 per unit. It may be mentioned that the winners of SECI II wind bid namely Renew Power (250 MW at Rs.2.64/unit), Orange (200 MW at Rs.2.64/unit), Inox (250 MW at Rs.2.65/unit), Green Infra (250 MW at Rs.2.65/unit) and Adani Green (50 MW at Rs.2.65/ unit) would be setting up wind power plants in states of Gujarat, TN and MP to sell power to these utilities. PPAs with these winners are expected to be signed shortly. Other dignitaries present on the occasion were Shri Praveen Kumar, Additional Secretary MNRE, Shri K.S. Popli, CMD IREDA, Shri J.S. Swain, MD SECI and other senior officers of the Ministry and State Governments. A Kiran MK-IA basic trainer aircraft of the Indian Air Force crashed minutes after it took off from Air Force Station Hakimpet on 24 Nov 17 at around 1415 hrs. It was on a routine training mission for the trainee pilot. It crashed around 35 miles North East of the base. The trainee pilot ejected safely and landed on the ground with minor injuries. A court of inquiry has been ordered to ascertain the cause of the accident.

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November Part C 2017

79Â

Quarter Results

JA Solar Announces Third Quarter 2017 Results JA Solar Holdings Co., Ltd. (Nasdaq:JASO) (“JA Solar” or the “Company”), one of the world’s largest manufacturers of highperformance solar power products, today announced its unaudited financial results for its third quarter ended September 30, 2017.

Third Quarter 2017 Highlights 4 Total shipments were1,640.9

megawatts (“MW”), consisting of 1,582.5 MW of modules and 37.9 MW of cells to external customers, and 20.5 MW of modules to the Company’s downstream projects. External shipments were up 30.6% y/y and down 30.0% sequentially

4 Shipments of modules were

1,582.5 MW, an increase of 31.9% y/y and a decrease of 26.3% sequentially

4 Shipments of cellswere 37.9 MW, a decrease of 3% y/y and 77.3% sequentially

4 Net revenue was RMB 4.3 billion

($652.6 million), an increase of3% y/y and a decrease of 27.1% sequentially

4 Gross margin was 11.8%, a de-

crease of 200 basis points y/y and 110 basis points sequentially

4 Operating profit wasRMB 169.8

million ($25.5 million), compared to RMB 121.4 million ($18.2 mil-

November Part C 2017

lion) in the third quarter of 2016, and RMB 255.1 million ($38.3 million) in the second quarter of 2017

4 Net income wasRMB 41.9 million ($6.3 million), compared to RMB 44.1 million ($6.6 million) in the third quarter of 2016, and RMB 134.6 million ($20.2 million) in the second quarter of 2017

4 Earnings per diluted ADS were

RMB 0.89 or $0.13, compared to RMB 0.86or $0.13 in the third quarter of 2016, and RMB 2.87 or $0.43 in the second quarter of 2017

4 Cash and cash equivalents were

RMB 2.1 billion ($309.1 million), a decrease of RMB 1.2 billion ($176.9 million) during the quarter

4 Non-GAAP earnings1per diluted

ADS were RMB 0.89 or $0.13, compared to RMB 0.86 or $0.13 in the third quarter of 2016, and RMB 2.87 or $0.43 in the second quarter of 2017

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Quarter Results

Mr. Baofang Jin, Chairman and CEO of JA Solar, commented, “Third quarter results were in-line with our expectations. Total module shipments during the quarter increased more than 30% year-over-year to approximately 1.6 GW, largely driven by demand from our key markets, including China, the U.S., Europe and Japan. Additionally, we maintained gross margin in the low teens through stringent cost control in an adverse pricing environment of polysilicon and wafers during the quarter.” Mr. Jin continued, “We are seeing some uncertainties around the ongoing trade cases in the U.S. and India, which could impact global solar demand in the mid-term. Additionally, accelerated capacity expansion in the industry is reshaping the competition landscape. That being said, we remain confident that our balanced global footprint and flexible business model will enable us to adjust to evolving market conditions as in the past cycles. Our team remains focused on executing our business strategy to provide our customers with highquality, high-reliability products, as we continue to position JA Solar for long-term growth.”

All shipment and financial figures refer to the quarter ended September 30, 2017, unless otherwise specified. All “year over year” or “y/y” comparisons are against the quarter ended September 30, 2016. All “sequential” comparisons are against the quarter ended June 30, 2017. Total shipments were 1,640.9 MW, within the guidance range of 1,600 to 1,700 MW. External shipments of 1,620.4 MW increased 30.6% year-over-year and decreased 30.0% sequentially.

EXTERNAL SHIPMENTS BREAKDOWN BY PRODUCT (MW) 2016Q3

2017Q2

2017Q3

QOQ%

YOY%

Modules and module tolling

1,200.0

2,147.5

1,582.5

-26.3

31.9

Cells and cell tolling

40.9

167.2

37.9

-77.3

-7.3

1,240.9

2,314.7

Total

1,620.4

-30.0

30.6

External shipments breakdown by region (percentage) 2016Q3

2017Q2

2017Q3

QOQ(PP)

YOY(PP)

China

32.0

59.2

47.3

-11.90

15.30

APAC ex-China

25.8

24.9

16.3

-8.60

-9.50

Europe

6.5

5.1

14.1

9.00

7.60

North America

13.0

8.1

17.2

9.10

4.20

South America

20.2

0.4

0.00

-19.80

Others

2.5

2.3

4.7

2.40

2.20

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November Part C 2017

Quarter Results

et revenue was RMB 4.3 billion ($652.6 million), an increase of 4.3% y/y and a decrease of 27.1% sequentially. Gross profit of RMB 513.6 million ($77.2 million) decreased 10.6% y/y and 33.4% sequentially. Gross margin was 11.8%, which compares to 13.8% in the year-ago quarter, and 12.9% in the second quarter of 2017. Total operating expenses of RMB 343.8 million ($51.7 million) were 7.9% of revenue. This compares to operating expenses of 10.9% of revenue in the year-ago quarter, and 8.7% of revenue in the second quarter of 2017. Operating profit was RMB 169.8 million ($25.5 million), compared to RMB 121.4 million ($18.2 million) in the year-ago quarter, and RMB 255.1 million ($38.3 million) in the second quarter of 2017. Oper-

BUSINESS OUTLOOK

LIQUIDITY

s of September 30, 2017, the Company had cash and cash equivalents of RMB 2.1 billion ($309.1 million), and total working capital of RMB 291.2 million ($43.8 million). Total short-term borrowings were RMB 3.3 billion ($491.8 million). Total long-term borrowings were RMB 2.9 billion ($433.2 million), of which RMB 961.3 million ($144.5 million) were due in one year.

or the fourth quarter of 2017, the Company expects total cell and module shipments to be in the range of 1,600 to 1,800 MW. Nearly all will be external shipments.

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November Part C 2017

ating margin was 3.9%, compared with 2.9% in the prior-year period and 4.3% in the previous quarter. Interest expense was RMB 80.3 million ($12.1 million), compared to RMB 75.4 million ($11.3 million) in the year-ago quarter, and RMB 82.6 million ($12.4 million) in the second quarter of 2017. The change in fair value of warrant derivatives was nil, compared with positive RMB 17 thousand ($2.6 thousand) in the year-ago quarter, and nil in the second quarter of 2017. The warrants were issued on August 16, 2013 in conjunction with the Companyâ&#x20AC;&#x2122;s $96 million registered direct offering, and expired on August 16, 2016. Earnings per diluted ADS were RMB 0.89 or $0.13, compared to earnings per diluted ADS of RMB 0.86 or $0.13 in the year-ago quarter, and earnings per diluted ADS of RMB 2.87 or $0.43 in the second quarter of 2017.

CURRENCY CONVENIENCE TRANSLATION

urrency Convenience Translation The conversion of Renminbi into U.S. dollars in this release, made solely for the convenience of the reader, is based on the noon buying rate in the city of New York for cable transfers of Renminbi as certified for customs purposes by the Federal Reserve Bank of New York as of September 30, 2017, which was RMB 6.6533 to $1.00. No representation is intended to imply that the Renminbi amounts could have been, or could be, converted, realized or settled into U.S. dollars at that rate on September 30, 2017, or at any other date. The percentages stated in this press release are calculated based on Renminbi.

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Quarter Results

JA Solar Holdings Co., Ltd. Condensed Consolidated Statements of Operations FOR NINE MONTHS ENDED

Net revenues

11,746,233

Cost of sales

(9,968,121)

Gross profit

Sep. 30, 2016

Sep. 30, 2017

RMB’000

USD’000

13,987,335

2,102,315

(12,269,579)

1,778,112

Selling, general and administrative expenses Research and development expenses

(1,114,964) (1,245,477)

(1,844,134) 1,717,756

(1,095,709)

(164,687)

(1,212,800)

(182,286)

(130,513)

Total operating expenses

Sep. 30, 2017

258,181

(117,091)

(17,599)

Income from operations

532,635

504,956

75,895

Interest expense

(211,455)

(246,174)

(37,000)

Change in fair value of warrant derivatives

70,882

–

Other income, net

57,610

575

Income before income taxes

449,672

259,357

38,981

Income tax expenses

(83,487)

(74,733)

(11,233)

Net income

366,185

184,624

27,748

Less: income attributable to noncontrolling interest Net income attributable to JA Solar Holdings

990

–

365,195

184,624

27,748

NET INCOME PER SHARE ATTRIBUTABLE TO ORDINARY SHAREHOLDERS: Basic

1.32

0.79

0.12

Diluted

1.32

0.79

0.12

WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING: Basic

234,290,842

234,321,467

Diluted

234,434,640

234,339,597

COMPREHENSIVE INCOME Net income

366,185

184,624

27,748

Foreign currency translation adjustments, net of tax

(25,984)

3,572

537

Other comprehensive (loss)/income

(25,984)

3,572

537

Comprehensive income

340,201

188,196

28,285

990

–

339,211

188,196

28,285

Income attributable to noncontrolling interest Comprehensive income attributable to JA Solar Holdings

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November Part C 2017

Quarter Results NON-GAAP RECONCILIATION GAAP net income attributable to JA Solar Holdings

365,195

184,624

27,748

Change in fair value of warrant derivatives

(70,882

Non-GAAP net income attributable to JA Solar Holdings

294,313

184,624

Basic

1.06

0.79

0.12

Diluted

1.06

0.79

0.12

Basic

234,290,842

234,321,467

Diluted

234,434,640

234,339,597

–

27,748 28,285

Non-GAAP net income per share attributable to ordinary shareholders:

Non-GAAP weighted average number of shares outstanding:

Condensed Consolidated Balance Sheets FOR NINE MONTHS ENDED

ASSETS

Dec. 31, 2016

Sep 30,2016

RMB’000

USD’000

2,569,402

2,056,706

309,126

836,761

1,078,252

162,063

2,753,678

2,872,657

431,764

563,144

84,373

12,681

2,460,488

3,377,184

507,595

282,369

389,040

58,473

2017

CURRENT ASSETS: Cash and cash equivalents Restricted cash Accounts receivable Notes receivable Inventories Advances to suppliers Other current assets

799,314

761,886

114,512

Total current assets

10,265,156

10,620,098

1,596,214

Property and equipment, net

5,219,501

6,037,223

907,403

Project asset

2,338,648

2,832,756

425,767

Advances to suppliers

97,429

40,017

6,015

Prepaid land use rights

524,208

528,523

79,438

Long-term investment

69,022

74,527

11,202

Other long term assets

517,292

697,728

104,870

LIABILITIES AND SHAREHOLDERS’ EQUITY CURRENT LIABILITIES: RMB’000

RMB’000

USD’000

Short-term borrowings

2,912,866

3,272,227

491,820

Accounts payable

2,635,525

3,340,136

502,027

Advances from customers

610,718

964,325

144,939

Current portion of long term borrowings

525,256

961,329

144,489

Accrued and other liabilities

1,966,475

1,790,875

269,172

Total current liabilities

8,650,840

10,328,892

1,552,447

Long-term borrowings

2,701,438

1,920,554

288,662

Other long term liabilities

1,217,648

1,931,484

290,305

Total liabilities

12,569,926

14,180,930

2,131,414

Total JA Solar Holdings shareholders’ equity

6,461,130

6,649,742

999,465

Noncontrolling interest

200

Total shareholders’ equity

6,461,330

6,649,942

999,495

Total liabilities and shareholders’ equity

19,031,256

20,830,872

3,130,909

November Part C 2017

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PR DUCTS Goldi Green Technologies Pvt. Ltd. is one of the leading solar PV module manufacturing companies. We manufacture modules up to the range of 365Wp using Poly and Mono crystalline solar cells in an air-conditioned and stateof-the art, dust free facility.

e have increased our PV module manufacturing capacity to 500MW and subsequently we aim to scale it up to 1GW by next year. We are ISO 9001:2015, ISO 14001:2015 and OHSAS 18001:2007 certified and the first Indian company to be independently audited by SOLARBUYER, U.S.A. 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 fine- tune module quality during mass production. We are also a rapidly growing EPC company with installations PAN India. With an in-house team of engineers, we guarantee clean and professional installations in record time with rated output along with roundthe year remote monitoring of our plants.

Besides, we are one of the very few companies globally having a 4mm glass certification. We are pleased to announce the introduction of our latest products:

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

November Part C 2017

PR DUCTS FEATURED PRODUCT : Highlighted here isa brief introduction of our GOLDI 72 series5 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%, benefitting from Passivated Emitter Rear Contact (PERC) technology.

The 5 bus bar solar cells offer guaranteed performance with minimal power loss due to improved temperature co-efficient.

TECHNOLOGY SPECIFICATIONS :

ERC or Passivated Emitter Rear Contact technology refers to the dielectric layer on the back of a PERC solar cell. This layer on the back of the solar cell helps to reflect light that passed through the cell, back into the cell so it can generate more electrons. This is also known as backside passivation. Hence, light which passes through the cell without being absorbed is again reflected back by the rear passivation for the second absorption attempt, thereby increasing efficiency.

enefits: 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. This empowers designers to be more flexible and responsive to project objectives.

NEW PRODUCTS INTRODUCTION: Keeping ahead of the technology curve, we have launched the following new products for which we would like to highlight in brief some of themany benefits derived.

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Goldi 5BB 1500 System Voltage Module

Goldi Split JB 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.

The 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 fill factor & four times lower power loss in complete module.

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PR DUCTS Goldi White EVA & Transparent EVA Glass to Glass module

Goldi Twin Peak module (Half cut cells) The 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 along with improved performance in partial shade conditions.

The 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. The frameless design also reduces O&M cost due to less dust and snow accumulation.

Goldi White EVA & Transparent EVA Glass to Glass module The 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. The 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 dissipationfrom glass results in lower temperature of moduleultimately leading to higher yield.

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Goldi Bi-facial cell modules Goldi bi-facial modules have the advantage of producing more energy by using reflective incidental light from the rear alongwith light from the front of the module.

Goldi ACPV module

Compared to high voltage DC produced by series string systems, which create a risk of high temperatures and fire, micro inverters in Goldi ACPV modules convert AC per individual panel, minimizing this hazard. By adopting Goldi ACPV modules, the costs of highly expensive protective switches and fuses used in high voltage DC is eliminated to be replaced with cheaper components, thus reducing cost. ACPV modules can adapt to individual characteristics of each solar panel, avoiding a mismatch and hence increasing yield.

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