Saurenergy International Magazine February Issue 2021 by Saur Energy International

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February 2021 | `200

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As Solar Takes Lead, Moment of Reckoning For Wind Energy

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Kuldeep Gusain subscription@meilleurmedia.com Saur Energy International is printed, published, edited and owned by Manas Nandi and published from 303, 2nd floor, Neelkanth Palace, Plot No- 190, Sant Nagar, East of Kailash, New Delhi- 110065 (INDIA), Printed at Pearl Printers, C-105, Okhla Industrial Area, Phase 1, New Delhi. DISCLAIMER: Editor, Publisher, Printer and Owner make every effort to ensure high quality and accuracy of the content published. However he cannot accept any responsibility for any effects from errors or omissions. The views expressed in this publication are not necessarily those of the Editor and publisher. The information in the content and advertisement published in the magazine are just for reference of the readers. However, readers are cautioned to make inquiries and take their decision on purchase or investment after consulting experts on the subject. Saur Energy International holds no responsibility for any decision taken by readers on the basis of the information provided herein. Any unauthorised reproduction of Saur Energy International magazine content is strictly forbidden. Subject to Delhi Jurisdiction.

n Feb 19, when the MNRe shared its monthly summary with the Union cabinet, the summary had one very interesting update. Solar energy capacity had finally overtaken wind capacity in India. This expected but little heralded achievement deserves a more detailed look, especially the future of wind energy, which is what our cover feature attempts. One of the salvations for wind energy might be the latest favourite for many renewable enthusiasts, Green Hydrogen . Or Hydrogen created using renewable energy. A combination of cheap solar and progress on offshore wind, besides the potential for Hybrid wind solar projects, has made Hydrogen a very interesting prospect in calculations around the future of wind energy. That is one of the many reasons we have carried a detailed feature on the Hydrogen Future, from the Hydrogen Council. We are happy to share that our newest feature at Saur Energy, a dedicated section for jobs in the renewable energy and related sectors, continues to attract more and more people, and help many professionals consider opportunities here. Do check it out if you are one, or better still, if you are in a firm in the sector looking to hire people. Speaking of new, among the stories we have for you is also one that covers the size debate on solar modules. I am sure you will find that interesting too. Happy reading!

PRASANNA SINGH

Group Editor

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CONTENTS VOL. 05, ISSUE-06

F E B R UA RY 2021

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HYDROGEN Hydrogen Council

Policy and Legal

RE Projects can get Further Extension in Exceptional Cases: MNRE

Hydrogen

Hydrogen Rolling With $300 Billion Commitment To Projects by 2030

EV Updates

Milestone

Innovations

Modules

Government To support 62,000 EVs, 15 Lakh E2Ws & E3Ws Through Subsidies

New Technology from PNU Makes Foldable Solar Cells a Practical Reality

Solar now the Leading Source of Renewable Energy in India: MNRE

20GW Signed Contracts Prove the High Reliability and the Investment Value of 182mm Modules

Finance News

Report

FEATURE

Projects and Tenders

Renew Power Achieves Listing Ambition, Via SPAC Route

The Size Debate on Solar Modules

Indian Electricity Sector on Cusp of a Solar Powered Revolution: IEA

Tariffs Rise to Rs 2.25/kWh in Rajasthan With NTPC’s 190 MW Solar Auction

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20 COVER STORY

As Solar Spreads, Shrinking Space for Wind

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RE Projects can get Further Extension in Exceptional Cases: MNRE

he Ministry of New and Renewable Energy (MNRE) in its latest order has stated that renewable energy (RE) projects under implementation as on the date of lockdown, i.e. March 25, 2020, through RE Implementing Agencies designated by the MNRE or under various schemes of the ministry can seek to get a further extension beyond 5 months if granted by the implementing agencies in exceptional cases. The ministry has specified that the additional extension for the projects will be granted by the implementing agencies after due diligence and careful consideration of the specific circumstances of the case, and if allowed in terms of the provisions of the relevant contract. And it further clarified that “it is also emphasised that this further extension beyond 5 months will not be granted in a routine manner.” In its earlier order issued in August 2020, the MNRE had issued directions to treat lockdown due to COVID-19, as Force Majeure. It was also instructed that all RE projects under implementation as on the date of lockdown, i.e. 25th March 2020,

through RE Implementing Agencies designated by the MNRE or under various schemes of the MNRE, shall be given a time extension of 5 months from 25th March 2020 to 24th August 2020. This blanket extension, if invoked by the RE developers, was given without case to case examination and no documents/ evidence was to be asked for such extension. The ministry

states that it had since received requests for further extension beyond 5 months on account of COVID-19. After examining the request, the ministry decided that since it has already issued instructions for a blanket extension of 5 months on account of COVID-19 without case to case examination and without asking for any documents/evidence.

Welcome Back! CERC Order on Connectivity for RE projects With ISTS Connections

n February 20, in one of its more far-reaching orders since reconvening with the addition of a member legal, the Central Electricity Regulatory Commission (CERC) has released its new order on regulation 27 of the CERC (Grant of Connectivity, Longterm Access and Mediumterm Open Access in inter-State Transmission and related matters) Regulations, 2009. The order by a full threemember bench details the procedure for “Grant of

Connectivity to projects based on renewable sources to interState transmission system” that came into force with effect from 15.5.2018. This procedure was put up for revision after feedback from the industry and other stakeholders and a draft amendment to the pre-revised Procedure was notified on 24.07.2020 inviting comments/ suggestions/ objections from stakeholders and interested persons by 16.8.2020 on the provisions proposed to be amended. Twenty Seven (27)

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stakeholders submitted their comments/ suggestions/ objections on various provisions of the draft amendment to the Pre-revised Procedure. After their feedback and the commission’s own considered views, some key changes have been made that the commission must hope will satisfy most stakeholders. So just what are these key changes? In a measure that will simplify paperwork, now renewable hybrid projects including Round the Clock (RTC) Hybrid Projects, shall be eligible to

apply for separate Stage-II Connectivity for each location based on the same LOA or PPA, for the capacity of the project not exceeding the quantum of power for which LOA has been awarded or PPA has been signed. For stage 2 connectivity, it also specifies key conditions that need to be met, including ownership or lease rights or land use rights of the land, (ii) Financial closure with sanction letter from the financial institution, and (iii) Proof of release of funds duly supported by Auditor’s certificate.

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Approach for Energy Sector has Been Reach, Reinforce, Reform & Renewable Energy: PM Modi

rime Minister Narendra Modi addressed a webinar for consultation towards effective implementation of Union Budget provisions in the power and renewable energy sector. Stating that the sector plays a big role in the progress of the country and contributes to both ease of living and ease of doing business. In his address, Modi said that the government’s approach for the sector has been holistic and four mantras have guided the approach i.e Reach, Reinforce, Reform and Renewable energy. “For reach, last-mile connectivity is needed. This reach needs to be reinforced by installation capacity, for that reforms are needed. Along with all this renewable energy is the demand of the time,” PM Modi said. Elaborating further, the Prime Minister said that for reach, the Government is focused on reaching every village and every household. With regard to capacity reinforcement, he pointed out that India has become a power surplus country from power deficit country. In recent years, India has added 139 GW capacity and reached the goal of one nation-

one grid-one frequency. Reforms like UDAY scheme with an issue of Rs 2 lakh 32 thousand crore worth bond were undertaken to improve financial and operational efficiencies. For monetising the assets of the Powergrid, Infrastructure Investment Trust – InvIT was established which will soon be open for investors. He pointed out that renewable energy capacity has been

enhanced two and a half times in the last six years. Solar energy capacity has increased by 15 times. “And the latest Budget has shown unprecedented commitment towards investment in infrastructure. This is evident in Mission Hydrogen, domestic manufacturing of solar cells and massive capital infusion in the renewable energy sector.”

MERC Orders SECI to Compensate MSEDCL for Delayed Solar Projects

he Maharashtra Electricity Regulatory Commission (MERC) in its latest order has directed the Solar Energy Corporation of India (SECI) to compensate Maharashtra State Electricity Distribution Company Limited (MSEDCL) as per a Power Sale Agreement (PSA) signed between the two entities for procurement of solar power. MSEDCL had filed a petition with the commission seeking compensation from SECI (the Intermediary Procurer) as per the PSA and the compensation on account of delay in achieving the Scheduled Commercial Operation Date (SCoD) as per Power Purchase Agreement

(PPA) executed between SECI and Solar Power Developers (SPD). MSEDCL’s main request to the commission were: 1.Hold and declare that SECI has been unable to perform its timely commitments under the PSA’s for delivery of the agreed quantum of power, 2.Direct SECI to compensate MSEDCL to the tune of Rs 131.72 crore. as losses on account of short-supply by SECI thereby forcing MSEDCL to fulfill its RPO targets through other mechanism/sources, 3.Direct SECI to reimburse the payment of Rs 13.74 crore towards the amount for reduction of tariff from CoD to March 31, 2019, for the solar

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projects, 4.Direct SECI to raise future invoices with respect to Batch-III and Batch-IV projects at the revised tariff rates. Earlier SECI had objected to the jurisdiction of this Commission to entertain the Petition. After hearing both the parties, the Commission had ruled that it did in fact hold jurisdiction in the matter. After hearing from both parties, the commission partly allowed the petition filed by MSEDCL. And has directed SECI to pass on the following benefits to MSEDCL: 1.Compensation for the short supply of energy during Contract Year post COD of the project. 2.Amount towards

encashment of bank guarantee for the delay in commissioning of the project if such bank guarantee has been encashed post creation of fund for payment security mechanism equivalent to three months payments to the projects commissioned under the applicable MNRE guidelines. 3.Amount of benefit accrued due to reduction in tariff of the project due to delay in commissioning of the project and henceforth raise the bill at such reduced tariff rate. Further, SECI should share the above stated details to MSEDCL and pass on any accrued benefit as directed above within a month from the date of this Order.

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Rs 1000 Cr Capital Infusion to Enable SECI to Float 15 GW Tenders Annually

inance Minister Nirmala Sitharaman in her budget speech for fiscal 202122 announced the capital augmentation of Solar Energy Corporation of India Limited (SECI) and Indian Renewable Energy Development Agency Limited (IREDA). In her speech, the FM said that “to give a further boost to the nonconventional energy sector, I propose to provide an additional capital infusion of Rs 1000 crore to SECI and Rs 1500 crore to Indian Renewable Energy Development Agency (IREDA). SECI, a public sector undertaking working as the ‘Implementing Agency’ of the Ministry, plans and calls for tenders for the development of RE projects on a pan-India basis. SECI procures RE power at a central level, thereby reducing the off-taker risk of RE developers and sells it to Discoms. So far, the agency’s efforts have resulted in

flow of investments from all over the world into the country’s RE sector, and in a rapid decline in RE tariffs, which has led to largescale uptake of RE in the country. The cumulative capacity installed in the country as on December 31, 2020, is 91,000 MW and a further 50,000 MW of the projects are under implementation of which SECI’s

share is 54 percent. To give a further boost to the RE sector, an additional capital infusion of Rs 1000 crore to SECI has been provided which will enable SECI to float 15 GW of tenders on yearly basis. On yearly basis, it will attract investment of more than Rs 60,000 crore, generate employment of 45,000 job years and reduce emissions of 28.5 million tons of CO2 per year. The capital infusion will also enable SECI to set up innovative projects with an investment of around Rs 17000 crore. For IREDA, a Mini Ratna company under MNRE working as a specialised nonbanking financing agency for the RE sector, the equity infusion of Rs 1500 crore would enable the firm to extend additional loan facility of Rs 12000 crore. This would be in addition to its existing book size of Rs 27,000 crore.

Committed to Reduce Emissions by 33 to 35% From 2005 Levels: PM Modi at WSDS

rime Minister Narendra Modi on February 10, 2021, inaugurated the World Sustainable Development Summit (WSDS) 2021 via video conferencing. During the event, PM Modi reiterated India’s commitment to reduce the emissions intensity of GDP by 33 to 35 percent from 2005 levels. The theme of WSDS 2021 is ‘Redefining our common future: Safe and secure environment for all’. The PM in his address said that “two things will define how the progress journey of humanity will unfold in the times to come. First is the health of our people. Second is the health of our planet, both are inter-linked.” The Prime Minister

emphasised on climate justice for fighting against climate change. Climate justice is inspired by a vision of trusteeship – where growth comes with greater compassion to the poorest. Climate justice also means giving the

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developing countries enough space to grow. “When each and every one of us understands our individual and/ collective duties, climate justice will be achieved,” he said. He then went on to add that India’s intent is supported by

concrete action. Powered by spirited public efforts, the country is on track to exceed its commitments and targets from Paris. “We are committed to reduce emissions intensity of GDP by 33 to 35 percent from 2005 levels. You would be happy to know that a drop of 24 percent in the emission intensity has already been achieved,” he said. He then highlighted that there was a commitment to achieving about 40 percent cumulative electric power installed capacity from non-fossil fuelbased resources. And that the share of non-fossil sources in the installed capacity of electricity today has grown to 38 percent. This includes nuclear and large hydro projects.

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Government To support 62,000 EVs, 15 Lakh E2Ws & E3Ws Through Subsidies

o speed up the electric vehicle (EV) adoption in the country, government subsidies aim to support about 62,000 electric passenger cars and buses, besides 15 lakh electric three- and twowheelers, Parliament was informed on Thursday, February18. Interestingly the government’s own focus is on creating electric charging infrastructure, Road Transport and Highways Minister Nitin Gadkari told the Lok Sabha in a written reply. Phase-II of the Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME India) scheme is being implemented with total budgetary support of Rs 10,000 crore, he added. Gadkari said, “This phase focuses on supporting electrification of public & shared transportation and aims to support, through subsidies, approx. 7000 e-Buses, 5 lakh e-3 Wheelers, 55000 e-4 Wheeler Passenger Cars, and 10 lakh e-2 Wheelers.” “In addition, creation of charging infrastructure is also supported to address range anxiety among users of electric

vehicles,” he added. Emphasizing that all vehicles will continue to be registered as long as they meet the requisite safety and emission standards, he said as per information from the Department of Heavy Industry (DHI), 98 electric vehicle models (32 two-wheelers, 50 three-wheelers, and

16 four-wheelers) have been registered under FAME India Scheme Phase-II as on February 8, 2021. He added that presently GST on electric vehicles is 5 percent, and any proposal for further reduction of tax on such vehicles is not under consideration.

Global EV Sales to Reach 62 Mn per Year by 2050: WoodMac

n a new report, Wood Mackenzie has revealed that Electric Vehicle (EV) sales are expected to reach 62 million units per year by 2050, with a total global EV stock reaching over 700 million. The report suggests that by 2047, battery electric vehicle (BEV), plug-in hybrid electric vehicle (PHEV) and fuel cell vehicle (FCV) sales will combine to eclipse internal combustion engine (ICE) sales globally for light-duty vehicles for the first time. All automobile sales in Europe (86%), China (81%), and North America (78%) will predominantly be EVs by 2050,

finds the report. Speaking on the analysis, the Principal Analyst at Wood Mackenzie, Ram Chandrasekaran stated, “In 2020, global EV sales surged 38 percent despite a decline of 20 percent in all car sales. Emissions regulations in western Europe were successful in doubling EV adoption despite the crippling

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coronavirus pandemic. This provides a roadmap for other countries and regions with similar goals to stimulate EV sales growth.” He further explained the current scenario as today’s major automakers – Volkswagen, Tesla, General Motors, Fiat-Peugeot, Renault-Nissan, and Hyundai – will continue to make up a large share of future EVs. “Most automakers are a few years behind Tesla in terms of technology and efficiency. However, they can quickly outgun Tesla when it comes to manufacturing capacity and quality,” Chandrasekaran

added. However, the annual commercial vehicle sales are projected to reach 6.4 million by 2050, while global stock will expand to 54 million. At a colossal 88 percent of the total 416 million charging outlets globally by 2050, residential chargers are projected to be the primary mode of charging for EVs globally. Consequently, reports show how EV sales are going to surge with leading electric buses and light trucks, annual commercial EV sales are expected to top 3 million by 2025 and triple to nearly 9 million by 2030.

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Tesla to Open EV Production Plant in Bengaluru: Karnataka CM

arnataka Chief Minister B S Yediyurappa has announced that US-based electric vehicle (EV) and clean energy company Tesla will set up its production unit in Bengaluru, Karnataka. “American car company Tesla will set up its electric car division in Karnataka,” Yediyurappa said in a statement. A report said that Tesla registered in the name of Tesla India Motors and Energy Private Limited at an address on Lavelle

Road in Bengaluru’s CBD on January 8, 2021. After registering its name in India as Tesla India Motors and Energy Pvt in Bengaluru, it then reported that the EV giant might set its base for operations in the state of Gujarat. However, now it is confirmed that EV production is going to establish in Karnataka’s Bengaluru. Industry analysts donot expect Tesla to make a really huge dent in the Indian market by 2023, when the first models are

expected to appear here. Considering the price of its cars as well as the charging infrastructure in the country. At a minimum expected price of Rs 35 lacs and above, the car will slot into the premium segment in India, and run up against some strong competition from prestige models like BMW, Mercedes and others, which have an established brand loyalty too. And quite likely to have their own electric offerings by then.

India to Come out With Advanced Battery Technologies for EVs: Nitin Gadkari

nion minister Nitin Gadkari has said that the government will adopt an integrated approach and come out with a policy to make India self-reliant in the area of advanced battery technologies to power electric vehicles (EVs) and other applications. Driving in an integrated approach for developing indigenous fuel cells in the field of EVs, the minister affirms, India today stands at the cusp of becoming the world leader in this field as well as automobile manufacturing. He made these statements after a

high-powered meeting (held last night) focused on research and development in the area of alternative fuels. The central government’s principal scientific advisor K Vijay Raghavan, Niti Aayog CEO Amitabh Kant, highways secretary Giridhar Aramane,

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and senior representatives from DRDO, ISRO, CSIR, and IITs besides the minister of state for road transport and highways VK Singh participated in the meeting. Gadkari stated, “So far work is happening in silos in the area of alternative fuels. We will now work in an integrated and concerted manner bringing together the best technologies. We will also focus on economic viability. We need a policy in this regard and for it, we have decided to take an integrated approach.” He added that scientists, academia, and industry can

together harness green hydrogen-based energy through water, for it is a cost-effective and renewable energy availability is going up fast in the country. He indicated the expected drop in solar power in India, which can help energize other modes of fuels “Vast scope is there in the area of Lithium-ion battery too despite countries like China dominating in the sector. About 81 percent of Lithium-ion battery components are available locally and India stands a very good chance for value addition at lower costs.

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Ampere Electric Commits Rs 700 Crore to set up EV Plant in TN

lectric two-wheeler manufacturer Ampere Electric, the e-mobility subsidiary of Greaves Cotton, has announced its plans to set up a new EV manufacturing plant in Ranipet in the state of Tamil Nadu. The firm has also committed to investing Rs 700 crore into the facility in a phased manner over the next 10 years. The firm stated that it has signed a Memorandum of Understanding (MoU) to this effect has been signed with the Government of Tamil Nadu. Itneeds to be mentioned that MOU’s have a less than stellar reputation when it comes to actual conversion on the ground. At over 1.4 million square feet, the proposed

Ranipet manufacturing plant when ready will be one of the

largest state-of-the-art e-mobility manufacturing plants in the country. The plant will have the potential to start manufacturing 100,000 units in its first year of operation, and has the potential to scale to 1 million units per annum. This facility will be operational by 2021, providing employment opportunities to the local population. To be built on the principles of Industry 4.0, the Ranipet Plant will boast an advanced automation process for superior manufacturing capabilities. Those numbers are a huge new evel from Ampere Electric’s current sales, where it has just crossed the 75,000 unit milestone in January. Nagesh Basavanhalli, Group CEO & MD, Greaves Cotton

Limited, said, “this is a historic milestone for Greaves Cotton, as we outline our investment to transform the clean mobility landscape in India. This plant is dedicated to the state of Tamil Nadu and our Nation. This move aligns with our mission of decarbonising last-mile transportation for a cleaner planet and uninterrupted mobility.” Ampere Electric has a fastgrowing base of 500+ dealerships, 75000+ customer base and 50+ B2B buyers. And this latest announcement rides on the back of a 35 percent growth in Ampere sales volumes for Q3 FY21 amidst a challenging business environment triggered by the Covid pandemic.

All Delhi Officials Will Commute in EVs, Request 4W Owners to Switch: Gehlot

elhi Transport Minister Kailash Gahlot has announced that all leased or hired cars to be used by Delhi government officials for commute will be electric vehicles (EVs) within the coming six months. The Minister also requested all four-wheeler owners in the city to switch to EVs. Also, he claimed that the subsidies being offered by the Delhi government are one of the highest in the country on the purchase of EVs. In a statement, Gahlot stated, “Incentives of up to Rs Three lakh are provided under the Delhi EV policy, which includes 1.5 lakh subsidy, registration, and road tax exemption. This is the highest subsidy in India and makes the total cost of ownership of an electric car in Delhi exactly the same as a diesel car.” Interestingly, the eight-week Switch Delhi campaign has entered its third week, and subsidies provided on electric cars in Delhi’s EV policy are reducing the total cost of

ownership of electric cars by up to 30 percent, Gahlot claimed. Switch Delhi campaign by the Delhi government endeavors to make people conscious about the benefits of switching to EVs and make them aware of the incentives and infrastructure being developed by the government. According to a statement,

under Delhi’s EV policy, 12 four-wheeler models are available and eligible for purchase and scrapping incentives. There are significant financial benefits that EVs offer. The total cost of ownership of a private electric car and a private diesel car traveling approximately 30 km per day in Delhi is Rs 19.04 and Rs 19.11 per km respectively.

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Energy Minister Nilesh Cabral Announces E-Mobility Initiatives for Goa

ilesh Cabral, Minister of Power, Environment, New & Renewable Energy, Govt of Goa emphasised on the importance of ushering in electric two-wheelers in Goa, as he highlighted new electric mobility (E-mobility) initiatives in the UT as a part of the larger Convergence initiative by the Government of India. The clean mobility scheme will be applicable for the first 10,000 electric two-wheelers sold in the state, which will reduce 5,000 tonnes of CO2 emissions every year and remove 10 percent of polluting vehicles off Goa’s roads. The scheme is being implemented by Convergence Energy Services Limited (CESL). The electric two-wheeler will take 3-4 hours to get fully charged

and can go 100 km on a single charge. The state government is also installing easily accessible public charging stations throughout the state of Goa. “Goa is a biker’s destination. We have close to a million twowheelers in Goa, comprising almost 70 percent of the state’s vehicle population. These will be converted into electric two-wheelers or e-Bikes by Convergence Energy Services Limited (CESL). As these e-Bikes run purely on electricity, they do not cause emissions and are therefore environment friendly,” Cabral said. Goa, which attracts a massive share of domestic leisure tourists, has a well established market for renting out two wheelers to tourists, which should be ripe for shifting to electric vehicles. The UT government is working on making it easier for people to switch to electric vehicles by offering a host of subsidies and incentives, which include: • A cash incentive that works like a buyback programme, similar to how cell phone companies incentivise users to hand in their old phone and buy a new one • No registration charges, resulting automatically in a 5 percent reduction in the EV cost • A subsidy that will enable buyers to access a very affordable lease • An incentive to scrap old vehicles, as announced by the Hon’ble Union Finance Minister in her recent budget speech So far, three high-capacity combo EV chargers of 122-150kW, Type 2 AC standards have been installed in Goa which can charge long-range EVs. Installation of Bharat Standard DC001 EV chargers is being planned adjacent to these existing chargers for recharging moderate-range EVs. This installation, as per CESL, will be completed by the end of this month.

Amara Raja Opens Tech-hub for Lithium-ion Cells in Tirupati

mara Raja Batteries, a leading automotive battery manufacturer in India has announced that it has opened the country’s maiden technology hub to develop lithium-ion cells, at its Tirupati facility in the state of Andhra Pradesh. The company has a technology transfer agreement with the Indian Space Research Organisation (ISRO) since early 2019. Under the tech transfer, ISRO will help these companies set up lithiumion cell manufacturing units and train their staff.

The advanced lithium-ion technology research hub, the pilot project located at its headquarters in Tirupati, will become the country’s first lithium-ion cell manufacturing facility in the private sector over the next few years, according to the firms’ CEO S Vijayanand. He was quoted saying that the firm has invested Rs 20 crore into the hub, beyond the technology transfer and bidding fees paid to the ISRO in January 2019 when the company along with nine others won

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competitive bids from the national space agency. The agreement with ISRO for the lithium-ion cell technology transfer is without any royalty payment, he said. The CEO believes that by 2025, two-and three-wheelers penetration will touch 20-25 percent in the country. The numbers are skewed towards more three-wheelers as they are commercially more viable and such level of penetration can give the critical mass for EV adoption. However, he also opined that despite the push

for lithium-ion cell development, lead-acid batteries will continue to grow at least for a few more decades and that lithium cells used in EVs will take time to get commercial traction. That view is influenced no doubt by the firm’s own strong position in the lead acid battery segment in India. Earlier this month, the firm had issued its financial results for the third quarter (Q3) of FY 2021. And also announced that it will be setting up a 50 MW solar power plant in Andhra Pradesh.

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New Technology from PNU Makes Foldable Solar Cells a Practical Reality

ith the recent development of foldable mobile phone screens, research on foldable electronics has never been so intensive. One particularly useful application of foldable technology is in solar panels. Current solar cells are restricted to rigid, flat panels, which are difficult to store in large numbers and integrate into everyday appliances, including phones, windows, vehicles, or indoor devices. But, one problem prevents this formidable technology from breaking through: to be integrated into these items, solar cells need to be foldable, to bend at will repeatedly without breaking. Traditional conducting materials used in solar cells lack

flexibility, creating a huge obstacle in developing fully foldable cells. A key requirement for an efficient foldable conductor is the ability to withstand the pressure of bending within a very small radius while maintaining its integrity and other desirable properties. In short, a thin, flexible, transparent, and resilient conductor material is needed. Professor Il Jeon of the Pusan National University, Korea, elaborates, “Unlike merely flexible electronics, foldable devices are subject to much harsher deformations, with folding radii as small as 0.5 mm. This is not possible with conventional ultra-thin glass substrates and metal oxide transparent conductors, which

can be made flexible but never fully foldable.” Fortunately, an international team of researchers, including Prof. Jeon, have found a solution, in a study published in Advanced Science. They identified a promising candidate to answer all of these requirements: single-walled carbon nanotube (SWNT) films, owing to their high transparency and mechanical resilience. The only problem is that SWNTs struggle to adhere to the substrate surface when force is applied (such as bending) and requires chemical doping. To address this problem, the scientists embedded the conducting layer into a polyimide (PI) substrate, filling the void spaces in the nanotubes.

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As Solar Spreads, Shrinking Space for Wind

t was one of the lesser noticed misses caused by the 2020 pandemic. In fact, we had predicted it in our own January 2020 issue. When Solar capacity would overtake wind in India. But come 2021, and wind energy has finally been overtaken. The news, when it was finally confirmed, couldn’t have been announced with lesser fanfare. Tucked into the MNRE’s (Ministry of New and Renewable Energy) monthly summary for the month of January 2021 was this

line- “ A total of 1396.97 MW of Renewable energy(RE) capacity was added , taking the cumulative installed RE capacity to 92.54 GW as of Jan 31, 2021. This includes 38.68 GW of wind capacity, 38.79 GW of solar capacity, 10.31 GW of bio power and 4.76 GW of small hydro capacity.” And just like that, solar has officially become the no. 1 source of renewable capacity in the country. That it has happened with almost no sign of any celebration is more to do with the fact that it has happened behind schedule,

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solar has run into growth problems of its own and yes, none really wanted this to happen to wind. Add to that the fact that some of India’s largest RE players, from Renew Power, to Sembcorp to SB Energy, Adani Green energy or Greenko have all either been in wind earlier, or still are. Though not surprisingly, most seem to be pivoting away from wind energy comprehensively. For good reasons, as we will see. Back in 2015-16, when the industry was

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Wind, The Early Starter That Almost Won

still trying to understand the best way to achieving the announced target of 175 GW for renewable energy by 2022 by Prime Minister Modi in early 2015, Wind was the definite leader in RE by a distance. Installed solar capacity was a piffling 2632 MW, as compared to 23, 354MW for Wind Energy. That was then. Since then, Solar has grown over 13 times , while Wind Energy has grown a sedate 65 percent. Even with a ‘modest’ target of 60 GW by 2022, required Wind capacity to be added was just over 5

Not only had wind seen a longer run than solar as a serious renewable energy candidate, it has still got the better domestic manufacturing base to push it. And nothing typifies the fortunes of the wind industry in India than Suzlon, a domestic firm that went from domestic champion to global frontrunner to a basket case, and now, a firm still struggling for survival, all in a matter of 2 decades. Since its start in 1995, Suzlon has been supplying wind turbines to customers globally with an installed capacity of over 18,800 MW on date. In India, the firm rode special incentives in the form of accelerated depreciation (AD) on wind energy assets and generation-based incentives (GBI), that supported growth in the early years of this century. In fact, it was not uncommon to see celebs investing in Wind for the tax incentives. In 2006, Suzlon signalled its ambitions by acquiring Belgian wind turbine gearbox manufacturing firm, Hansen Transmissions International NV, for around €431 million at the time. In 2007, it made an even more audacious move, picking up German wind turbine maker REPower (renamed Senvion in 2014). For a final cost of €1.4 billion. But from 2008 onwards, the firm has struggled, as event after event hit its fortunes. From the global crisis in 2008 , to the withdrawal of special incentives in India in 2012, which took away all ‘easy’ earnings. The shift to the auction based mechanism in 2017 has been the final blow for Suzlon, and many other onshore wind energy suppliers domestically broadly, with a cost obsessed policy environment increasingly putting brakes on further growth. Other key manufacturers based in India, be it Siemens Gamesa , GE Wind Energy, or Inox Wind and others, have all demonstrated that in the right conditions, they can thrive, but face headwinds now because of the unfair comparison with Solar costs now. Linked to the sector is also a 2000 strong MSME supply chain, that

ensures almost 90 percent of components are available domestically. All this, when even today, on sheer efficiency, and subject to good location, Wind turbines comfortably beat their solar counterparts on energy conversion efficiency. But in a sector where the weakest link is the discoms and their financial woes, perhaps it was inevitable that wind energy would trip up on price, despite an outstanding record till 2017. In fact, even today, India’s total wind energy capacity is at no. 4 worldwide, though with the giant gains being made in offshore wind, that rank too will slip in the coming years. Wind has not really been helped by the fact that almost all action in the space is concentrated around two states today, Tamil Nadu and Gujarat. In fact, they were the only states which reported any fresh wind capacity during Q3 (OctoberDecember 2020), with about 221 MW and 73 MW, respectively. Two erstwhile champions, Karnataka and Andhra have switched off from wind due to very high renewables share already, and a major shift in focus to solar now, respectively. Maharashtra, a state with a legacy wind presense and strong repowering potential has simply chosen to ignore renewable energy in the past couple of years, with a systemic capture by its state discom that has simply got no intent to move faster.

How Solar Won

So how did Solar roar ahead? Keep in mind that the future of solar was obvious to many, including a perspicacious Prime Minister Narendra Modi, as early as 201415, when experts first started predicting a sharp drop in prices. Since then, Solar has defied even the most optimistic predictions over the past decade. Both when it comes to the drop in prices, as well as its share in the energy mix. Consider the International Energy Agency, (IEA). In 2000, it predicted the world’s solar capacity would quadruple over the course of the next 15 years. It took just five. In 2005, the IEA upgraded their 2015 forecast from 5 GW to 14 GW. It took 3 years, this time. But even then, experts in the solar sector do not write off wind, considering how tough they have had it themselves in an intensely competitive market in the past few years. Shri Prakash Rai, Head C&I Business at Amp Energy India, a major player in the solar space with a focus on the C&I

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Shri Prakash Rai

Tulsi Tanti

segment, has this to say about Solar overtaking wind. “ This was expected obviously and would have happened sooner if the disruptions due to the pandemic had not slowed down project development activities. Despite wind’s decade long headstart. Wind installations saw a downtrend when the reverse auctions were introduced in wind and tariffs slid to ₹2.44/ kWh. Other factors such as inconsistent regulatory environment, lack of suitable land, and the fact that most states in the country do not have conditions ideal for wind power project development have hindered the growth of wind as compared to solar, which has favorable conditions across the country. On the future of wind, Rai is more hopeful. “Wind and now solar are the leading segments in the Indian renewable energy space with more than 80% contribution. Since, the world is now transitioning towards clean energy and dispatchable clean energy is the need of the hour. A better way of harnessing wind and solar energy can be wind-solar hybrids. It is fast emerging as a viable new renewable energy option in India and when coupled with battery storage can further improve the capacity utilization factor (CUF) and create many feasible options of peak power and round the clock power output. Since solar is already making great strides in India, this arrangement of wind-solar hybrids can emerge as a saviour for India’s wind sector and at the same time create power in peak hours and better energy mix into the grid.”

How Can Wind Recover Its Mojo? The challenges for wind are well known by now. But industry experts have never shied away from plain talking, especially considering the well established eco-system for it in the country. Be it Suzlon’s Tulsi Tanti, who has regularly pushed for a mechanism to allow a small subsidy or win

energy to bridge the gap with Solar, to developers at last year’s virtual REINVEST, the suggestions came thick and fast, and for many made sense. Hybrid Projects make it to the top of the list for almost everyone, from reasons ranging from faster and more efficient land acquisition, developers with a better ability to raise and close projects, to the logic of Hybrid projects, where Solar would dominate during the day, while wind works

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in the night, reducing intermittency from renewables. Sunil Jain, Chief Executive Officer and Executive Director, Hero Future Energies, while speaking at REINVEST, had stressed on three main areas. “One,due to the unique requirements of wind energy for the right location, large scale wind farms are going to be challenged, until you have large solar park type parks.” Thus, he made a case for smaller scale auctions of 50-100 MW size

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Sunil Jain

Neerav Nanavaty

deployment, and for making it a smoother journey for all the stakeholders. Adoption of wind by C&I customers would also help as they they stick to solar primarily because its an easier technology to deploy. Packaging smaller chunks key.” Manufacturers like Suzlon have also urged the government to consider Wind manufacturing too under its PLI(Production linked Incentive) scheme, that has worked well in many sectors, especially electronics.

Conclusion:

rather than the giant projects. Peaking tariffs for wind is a key suggestion from many experts, including Jain, seeing as how wind delivers in the evening when demand spikes. “The government needs to value peaking tariffs a little higher. Currently, in trading platforms too, energy peak tariff is around 30-40% higher and here wind can be considered and can be used in decreasing the price” he said. Finally, Jain pitched stability and predictability in demand, to support both manufacturers and developers. “We have a model where we have a 450 GW target for 2030. 50 GW to wind means a decade of 5 GW every year. Once those volumes are assured, you will do optimisation in supply chain to bring down the cost”. Smaller sized projects in wind also have the advantage of lower transmission losses, a point that has been made by other experts for both solar and wind projects Repowering, or upgrading old wind turbines with newer, higher capacity ones is a huge opportunity in itself, according to many experts. It takes care of the issue of land, location, and is should be a natural

outcome for turbines that have lived out their recommended life. In fact, Neerav Nanavaty, Chief Executive Officer & Country Manager-India, ENGIE spoke on the same issue at REINVEST, when he said “Lots of grandfathered wind resources constrained by sub 1 MW turbines today. 4 GW in Tamil Nadu sitting at 10-15% or similar PLF. Through a coherent policy, we can unconstrain that and double the PLF”. Doing so would be a huge opportunity, and also change perceptions about relative efficiency of wind energy, as overall PLF’s are barely 20 percent in India, when they could be easily pushing 30 percent or more with newer technology upgrades for these old assets.” Unfortunately, a formal policy refresh on repowering wind installations is still to see the light of day in India, with the existing policy simply not making an impact. Of course, Nanavaty also supported the smaller project suggestion as he highlighted how onshore wind is also a logistics or land problem in India. “It is easier for us to develop wind farms in many countries compared to India. There is a need for smaller footprints for accelerating

Any Immediate turnaround in the deep slump that the wind energy finds itself in, seems difficult, barring specific policy action that helps bridge the price gap with solar, which is a yawning 25 percent today. The case for that will have to be made on the basis of India’s manufacturing prowess in Wind (unlike in solar), and the possibility that the transmission upgrades being made to handle higher amounts of solar power will be better utilized from evening to next morning if there is a level of wind capacity too. A policy push is long overdue many would say, considering how solar has virtually monopolized the conversation and support from various government arms over the past 12 months. In the long term, of three years and beyond, hope is coming from offshore wind, which has made giant strides literally, in both the size and output of turbines. With single turbines of 10 MW and above, and offshore projects of 1 GW and more, offshore wind has taken over the challenge of growth and expansion worldwide. As always, as China warms up to it in the coming decade, expect prices to fall further, and offshore wind energy’s inherent advantages to work well for at least states like Tamil Nadu and Gujarat, which do have conditions that could support offshore deployment too.

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HYDROGEN

Hydrogen Council Underpinned by a global shift of regulators, investors, and consumers towards decarbonisation, Hydrogen (H2) is receiving unprecedented interest and investments. And a new report developed collaboratively by the Hydrogen Council and McKinsey & Company, has tried to provide an overview of these developments in the hydrogen ecosystem.

he report ‘Hydrogen Insights: A Perspective on Hydrogen Investment, Market Development and Cost Competitiveness’ starts by highlighting that at the beginning of 2021, over 30 countries have released hydrogen roadmaps, and that the industry has announced more than 200 hydrogen projects and ambitious investment plans, and governments worldwide have committed more than USD 70 billion in public funding. It finds that this momentum exists along the entire value chain and is accelerating cost reductions for hydrogen

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production, transmission, distribution, retail, and end applications. Tracking deployments of hydrogen solutions, associated investments and the cost competitiveness of hydrogen technologies and end applications, the report covers -

Deployment and Investment The European Lead

Globally, there are 228 hydrogen projects across the value chain.

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Of these, 17 are already-announced giga-scale production projects (i.e. more than 1 GW for renewable and over 200 thousand tons a year for low-carbon hydrogen), with the biggest in Europe, Australia, the Middle East and Chile. The report shows that Europe leads globally in the number of announced hydrogen projects, with Australia, Japan, Korea, China and the USA following as additional hubs. Of all announced projects, 55% are located in Europe. While Europe is home to 105 production projects, the announced projects cover the entire hydrogen value chain including midstream and downstream.

Furthermore, looking across the value chain, the production of hydrogen accounts for the largest share of investments. Endapplication investments have a higher share in mature projects due to funding for fuel cells and on-road vehicle platforms. The authors found that in analysing private investments among the Hydrogen Council members, an accelerating trend is seen. Members expect to increase investments six times through 2025 and 16 times through 2030, compared with 2019 spending. “We are seeing a new level of maturity for the hydrogen industry, and this is only set to accelerate. Hydrogen Council members collectively are planning a sixfold increase in total hydrogen investments through 2025 and a 16-fold increase through 2030. The plan is to direct most of this investment toward capital expenditures, while collaborations, consolidations and innovation will also be a key focus,” said Daryl Wilson, Executive Director of the Hydrogen Council.

Regulation and government support drive this momentum

(Hydrogen 1- Project Map Image)

And while, in expected major demand centres like Korea, Japan (and Europe), the focus is on industrial usage and transport application projects. While Japan and Korea are strong in road transport applications, green ammonia, LH2, and LOHC projects, Europe champions multiple integrated hydrogen economy projects. These latter initiatives often feature close cross-industry and policy cooperation (e.g., the Hydrogen Valley in the Northern Netherlands).

Stemming from the global shift to decarbonisation, Governments around the world have plans to support strategies to transition to hydrogen, with USD 70 billion in play. The report finds that Hydrogen is a crucial element in most strategies to achieve net zero standing, and more countries are developing hydrogen plans. In fact, over 30 countries have created such strategies on a national level, and a further six are drafting them. Besides the national hydrogen roadmaps, sector-level regulation and targets underpin the shift to hydrogen. In transport, more than 20 countries have announced sales bans on ICE vehicles before 2035. Driven by a growing focus on hydrogen also in the renewable fuel segment, aviation and shipping sector, etc. and increasing governmental support, the announced production capacity for clean hydrogen for 2030 increased to 6.7 million tons a year from 2.3 million tons previously. In other words, players have announced two-thirds of the clean hydrogen production capacity over the course of the past year.

More than USD 300 billion in H2 investments through 2030 A tally of project announcements, the report found that investments required to reach government production targets and spending projections across the value chain adds up to more than USD 300 billion through 2030. Given the industry’s early stage, the vast majority (75 percent) of these investments involve announcements but not committed funding. To date, it estimates USD 80 billion of mature investments until 2030. These include USD 45 billion in the planning phase, which means companies are spending sizeable budgets on project development. Another USD 38 billion involves either committed projects or those under construction, commissioned or already operational. And the largest share of investments is projected in Europe (about 45 percent), followed by Asia, where China is leading with around half of total investments.

(Hydrogen 2 - Announced Capacity Image)

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Supply Renewable hydrogen production costs continue to fall more swiftly than previously expected. Compared with the Hydrogen Council Study 2020 report, the current update resulted in even more aggressive cost-down expectations for renewable hydrogen production. Three factors are driving this acceleration. First, capex requirements are dropping. The authors expect a significant electrolyzer capex decline by 2030 – to about USD 200250/kW at the system-level (including electrolyzer stack, voltage supply and rectifier, drying/purification and compression to 30 bar). 30-50 percent lower than previously anticipated. Second, the levelised cost of energy (LCOE) is declining. Ongoing reductions in renewables cost to levels as much as 15 percent lower than previously expected result from the deployment of at-scale renewables, especially in regions with high solar irradiation (where renewables auctions continue to break record lows).

locations with abundant and optimal resources for both pathways (e.g., selected regions in the US) could see the breakeven of gray and renewable hydrogen by 2034. Low-carbon hydrogen could breakeven with gray by 2025-2030, subject to at-scale CO2 storage and transport infrastructure, and an expected cost of about USD 35-50 per ton CO2e.

Distribution and Global Supply Chains The report then goes on detail how with hydrogen production costs falling, costs for hydrogen distribution are becoming increasingly more important. For production and distribution, three types of value chains are emerging. Large- scale hydrogen offtakers that are in close proximity to favourable renewables or gas and carbon storage sites will use onsite production. Smaller offtakers, for example refueling stations or households, will require regional distribution. In regions without optimal resources, both large- and small offtakers may rely on hydrogen imports. The emergence of international distribution is driven by cost differences for hydrogen production stemming from renewables endowment, the availability of natural gas and carbon storage sites, existing infrastructure and the ease and time requirements for its build-out, land use constraints, and the assignment of local renewables capacity for direct electrification. Many expected hydrogen demand centres, including Europe, Korea, Japan, and parts of China, experience such constraints. In some of these cases, H2 suppliers will meet this demand more effectively by importing hydrogen rather than producing it locally.

(Hydrogen 3 - Production cost Image)

Third, utilisation levels continue to increase. Large-scale, integrated renewable hydrogen projects are achieving higher electrolyzer utilisation levels. This performance is driven largely by the centralisation of production, a better mix of renewables (e.g., onshore wind and solar PV) and integrated design optimisation (e.g., oversizing renewables capacity versus electrolyzer capacity for optimised utilisation). Furthermore, the report finds that including carbon costs for emissions related to gray and low-carbon hydrogen production greatly influences the breakeven dynamics between gray and renewable hydrogen. Assuming a carbon cost of about USD 50 per ton of CO2e by 2030, USD 150 per ton CO2e by 2040, and USD 300 per ton CO2e by 2050, can bring the earliest breakeven for renewable hydrogen forward to a 2028 to 2034 timeframe. However, the exact year will depend on the availability of local resources. Detailing how in countries with optimal renewables but average cost natural gas (e.g., Chile) breakeven could occur as soon as 2028. In locations with average resources for both pathways (e.g., Germany), breakeven could come by 2032. At the same time,

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(Hydrogen 4 Image)

The report finds that by 2030, assuming that at-scale production and transportation infrastructure, hydrogen could be shipped from locations such as Australia, Chile or Middle East to projected demand centres at costs of USD 2-3/kg of hydrogen. This cost, coupled with very low hydrogen production costs, will unlock demand in many key sectors (e.g., in transportation, industry, feedstock and others) at the point of usage.

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End Applications

The cost competitiveness of hydrogen end applications The updated cost outlook shows that 22 hydrogen applications can be the most competitive low carbon solutions from a total cost of ownership perspective (including hydrogen production, distribution and retail costs). In addition to the applications that were previously competitive, including commercial vehicles, trains, long-range transport applications and boilers, the improved outlook adds fertiliser, refinery, steel, aviation, and shipping applications.

hydrogen into natural gas grids for residential heating. They are also working with hydrogen for backup power solutions, especially for high power applications like data centres. The reason for this is that while hydrogen may not be able to outcompete conventional solutions, it can be the most cost-effective low-carbon option for many stationary use cases.

(Hydrogen 6 - Cost Breakeven Image)

Implementation (Hydrogen 5 - Cost Competitiveness)

While this analysis focuses on the cost competitiveness of the enduse applications, other factors also drive the purchase decisions of companies and customers. Some of these include government targets, energy security, lower uncertainty regarding future energy costs, the premium placed by customers on carbon-free solutions, and investor preferences for ESG-compliant business models. For example, aviation, cruise ships, container shipping and steel are experiencing a push toward a greener restart post-COVID-19 from both customers and governments. The report then goes on to detail that: At a hydrogen production cost of USD 1.6-2.3/kg, most road transportation applications and hydrogen feedstock for industry are “in the money”. With hydrogen costs between the blue and green hydrogen cost targets for 2030 and without any costs for carbon emissions, hydrogen is only competitive in heavier road transportation applications (not including passenger cars). A cost of carbon at USD 100/t of CO2e could push industry feedstocks for applications like steel, ammonia, and refining to breakeven and beyond. Other forms of transportation like shipping or aviation only break even at higher costs of carbon (> USD 70/tCo2e) but require hydrogen-based fuels as the only zero-carbon fuel possibility that can realize decarbonisation ambitions. And while end applications in buildings and power require an even higher carbon (~200 USD/t CO2e) price to become cost competitive, we believe they will see strong momentum, nevertheless. For example, in the United Kingdom multiple landmark projects are blending

The report concludes by stating that the strong commitment to deep decarbonisation by governments worldwide has triggered an unprecedented wave of momentum in the hydrogen industry. Financial support, regulation and clear hydrogen strategies and targets in combination with the USD 70 billion committed public funds by governments to support the hydrogen transition have caused value chains to scale up, costs to come down and investments to climb to new heights. The next chapter in the hydrogen story now requires stakeholders to translate their ambitious strategies into concrete measures. The authors believe that to get things started, strategies should aim at the critical unlocks, like reducing the cost of hydrogen production and distribution. The report estimates that roughly 65 GW of electrolysis are required to bring costs down to a breakeven with gray hydrogen. This equals a funding gap of about USD 50 billion. One place to support deployment is the development of clusters with largescale hydrogen offtakers at their core. These will drive scale through the equipment value chain and reduce the costs of hydrogen production. By combining multiple offtakers, players can share investments and risks and begin to establish positively reinforcing collaborative loops. Other smaller hydrogen offtakers in the vicinity of such clusters can then piggy-back on the lower-cost hydrogen supply, making their operations breakeven faster. The report states that the next few years will be decisive for the development of the hydrogen ecosystem, for achieving the energy transition and for attaining the decarbonisation objective. As this report shows, progress over the past year has been impressive, with unprecedented momentum. But much lies ahead. The companies in the Hydrogen Council are committed to deploying hydrogen as a critical part of the solution to the climate challenge and Hydrogen Insights will provide a regularly updated, objective and global perspective on the progress achieved and the challenges ahead. FEB RUA RY 20 21

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Renew Power Achieves Listing Ambition, Via SPAC Route

umant Sinha led Renew Power Private Limited , the country’s leading renewable energy generator has started the process to achieve a listing at the NASDAQ market in the US via the SPAC (Special Purpose Acquisition Company) route. The SPACin this case is RMG Acquisition Corporation II. According to the official announcement, the pro forma consolidated & fully diluted enterprise value of the transaction is approximately $8 billion and it is expected to close in the second quarter of 2021, subject to customary closing conditions. This is a landmark transaction as it’s the first major overseas listing of an Indian company via the SPAC route, currently a very popular investment vehicle option in Wall Street. So just what is a SPAC? A SPAC or special purpose acquisition vehicle is a shell company and its sole aim is to raise capital via an IPO (initial public offering) to acquire a private business at a later date and then take it public without going through the traditional route of IPOs In this transaction, RMG Acquisition Corporation II is one such shell company. Upon closing of the transaction, the combined company would be named ReNew Energy Global PLC and would be publicly listed under the symbol “RNW”.

The transaction should enable Renew Power to access global markets more effectively, besides providing an exit to many of its legacy investors, who have been looking for an exit after investing over the years. Well known Silicon Valley Investor Chamath Palihapitiya, has been mentioned among the backers for the deal.Chamath has also got his own SPAC. ReNew’s leadership will remain intact, with founder Sumant Sinha continuing as Chairman & Chief Executive Officer of the combined company. Funds received as part of the deal will be used to support ReNew’s growth strategy, including the buildout of its contracted, utility-scale renewable power generation capacity, as well as to reduce debt. ReNew’s management, and its current group of stockholders, including Goldman Sachs, the Canada Pension Plan Investment Board (CPP Investments), Abu Dhabi Investment Authority, and JERA Co., Inc. (JERA), among others, who together own 100% of ReNew today, will be rolling a majority of their equity into the new company, and are expected to represent approximately 70% of the effective company ownership upon transaction close. The pro forma consolidated & fully diluted market capitalisation of the combined company would be

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approximately $4.4 billion at the $10 per share PIPE ( private investment in public equity) subscription price, assuming no RMG II shareholders exercise their redemption rights. Gross cash proceeds are estimated to be approximately $1.2 billion, comprised $855 million from the PIPE and approximately $345 million of cash held in trust by RMG II, before any adjustments due to potential redemptions by RMG II shareholders. Other than Chamath Palihapitiya, the upsized PIPE was anchored by marquee institutional investors including funds and accounts managed by BlackRock, BNP Paribas Energy Transition Fund, Sylebra Capital, TT International Asset Management Ltd, TT Environmental Solutions Fund and Zimmer Partners As of December 2020, ReNew had a total capacity of close to 10 GW of wind and solar power assets across India, including commissioned and committed projects. RMG Acquisition Corporation II raised $345 million in its December 14, 2020 IPO. RMG II is sponsored and led by the management team of Jim Carpenter, Bob Mancini, and Phil Kassin, who together have over 100 years of combined principal investment, operational, transactional, and CEO and public company board level leadership experience.

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Azure Power Post Q3 FY21 Results, Records net Loss of Rs 109 Crore

zure Power Global Limited, India’s only solar power producer listed in the US markets, has announced its consolidated results under the United States GAAP for the fiscal third quarter (Q3) of 2021, the period ended December 31, 2020. The firm has reported a net loss for the quarter of Rs 108.8 crore. The firm highlighted that its operating MWs were 1,987 MWs, as of December 31, 2020, an increase of 10 percent over December 31, 2019. Operating and committed megawatts were 7,115 MWs, as of December 31, 2020, an increase of 34.2 percent YoY. And committed megawatts include 4,000 MWs for which the firm states that it has received Letters of Award (LOA) but the Power Purchase Agreements (PPAs) have not yet been signed. Financially, the firm reported that its operating revenue for the quarter was Rs 352.1 crore an increase of 15.6 percent over the quarter ended December 31, 2019. “We estimate that our revenues were negatively impacted by approximately Rs

12.6 crore on account of adverse weather conditions resulting in low insolation, as compared to our initial estimates, during the quarter,” the firm stated. Furthermore, the firms’ net loss for the quarter was Rs 108.8 crore. The firm said that the “results were negatively impacted by stock appreciation rights (SARs) expense of Rs 131.8 crore.” And adjusted EBITDA for the quarter was Rs 156.3 crore), a decrease

of 26 percent over the quarter ended December 31, 2019. In Q2 FY21, the firm had reported a net loss of Rs 36.8 crore. Citing the increase in SARs expense by Rs 49.2 crore related to the 87 percent increase in the share price during the quarter. Operating MW was 1,834 MWs, as of September 30, 2020, an increase of 2 percent over September 30, 2019.

Amara Raja Batteries Reports Q3 Numbers; Announces 50 MW Solar Plant

riven by the revival in demand across all key sectors of the business, Amara Raja Batteries Limited (ARBL), one of India’s leading Industrial and Automotive Battery majors has issued its financial results for the third quarter (Q3) of FY 2021. During its financial presentation, the firm has also announced that it will be setting up a 50 MW solar power plant in Andhra Pradesh. The firm reported that during the quarter ended December 31, 2020, its revenue was Rs 1960.12 crore, up from Rs 1747.81 crore during the same quarter in the last fiscal,

and Profit Before Tax (PBT) of Rs 259.90 crore was also more than Rs. 217.36 crore YoY. The Earnings Per Share (EPS) for Q3 FY 21 was at Rs. 11.31. In the automotive segment, the firm stated that the revenue growth was aided by consistent growth in OEM and aftermarket segments and the Export segment also registered robust growth. The firm also

reported that during the quarter it has inaugurated the “Advanced Lithium Technology Research Hub” with a Pilot plant facility for cell development. The firm has developed a wide range of battery packs for e-mobility and energy storage applications and has secured approvals from various OE’s and fleet operators for commercial supplies. Furthermore, to support the sustainability initiatives, ARBL is setting up a 50 MW solar power plant in Chittoor District of Andhra Pradesh at a total outlay of Rs 220 crore. This will further reduce the

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cost of power and simultaneously bring down the carbon footprint of the company. S. Vijayanand, CEO, Amara Raja Batteries Limited said, we are going forward with strategic investments focused on improving operational efficiencies, cost optimisation and technology upgradation. The planned investments in Solar and lead recycling plants will further strengthen our resolve towards a cleaner environment through a sustainable circular economy and also aid reducing costs and provide long term support to our key raw material procurement.”

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Inox Wind Reports Increased Losses Despite Higher Revenue in December Quarter

nox Wind has issued its financial results for the quarter ended December 31, 2020, reporting a higher revenue from the previous quarter and from the same quarter in 2019, however, the firms’ net loss also widened to Rs 51.97 crore from Rs 27.47 crore during the same quarter last year. According to a corporate filing, the firms’ total income rose to Rs 209.44 crore in the quarter ended December 2020 from Rs 179.76 crore a year ago. With revenue at Rs Rs 204 crore in Q3FY21 against revenue of Rs 171 crore in Q2FY21. The firm also reported that during the quarter, it has raised Rs 199 crore by issuing Non-

Convertible Debentures (NCDs) at 9.5 percent. The proceeds were utilised inter alia to optimise working capital and retire high-cost debt. It will improve the short term fund availability of the company. On the front of raising equity,

IWISL has already started allocating the equity against multiple EOIs (Expression of Interests) received by the company. “Considering that the group is in the business of Manufacturing of Wind

Turbine Generator which falls under the Renewable Energy sector being the priority sector, the management believes that the impact of this (pandemic) outbreak on the business and financial position of the group will not be significant. The management does not see any risks in the group’s ability to continue as a going concern and meeting its liabilities as and when they fall due,” the company stated. The firm has also stated that it has achieved financial closure for an un-commissioned 100 MW project of SECI SPVs with PFC. This will enable the firm to free up significant short term capital blocked in a 50 MW un-commissioned SPV.

Masdar Achieves First Close on 1.6 GW RE Portfolio in US With EDF-R

asdar, one of the world’s leading renewable energy companies, has announced recently that it has achieved the first closing on the acquisition of 50 percent of a 1.6-gigawatt (GW) clean-energy portfolio of projects in the United States from EDF Renewables (EDF-R) North America.

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Masdar and EDF Renewables announced last year that they had agreed to partner in eight renewable energy projects, including three utility-scale wind projects in Nebraska and Texas totalling 815 megawatts (MW), and five photovoltaic (PV) solar projects in California totalling 689 MW – two of which include lithium-ion battery energy storage systems (BESS) representing 75 MW. According to the firm, all three wind projects are currently in the final stage of construction and expected to begin commercial operations in the first quarter of this year. The 243 MW Coyote wind project is located in Scurry County, Texas; the 273 MW Las Majadas wind project is in Willacy County, Texas; and the 300 MW Milligan 1 wind project is in Saline County, Nebraska. And of the five projects in California, four started commercial operations in December 2020, all located in Riverside County. These include the Desert Harvest 1 and Desert Harvest 2 PV projects, which total 213 MWdc of solar, and the Maverick 1 and Maverick 4 PV projects which total 309 MWdc. The final project in California is Big Beau, a 128 MWdc solar PV and 40 MW/160 MWh battery energy storage system, which is in Kern County and will reach commercial operation in December 2021. Power from the diversified portfolio projects will be sold under long-term contracts to a variety of offtakers, including utilities, hedge providers and community choice aggregators (CCAs).

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Scatec Reaches Financial Close on 150 MW Solar Project in Pakistan

catec and its local partner Nizam Energy have announced the successful financial close for the 150 MW Sukkur solar power project with a total investment of about USD 100 million. Scatec’s first solar project in Pakistan. FMO, the Dutch development bank, Faysal Bank, Bank of Punjab and PAK Kuwait Investment have signed credit agreements for the non-recourse debt financing of the Sukkur project. Half of the debt quantum is provided by FMO under a credit facility of USD 39 million and the other half by the three local commercial lenders under PKR

denominated credit facilities of an aggregated PKR 2.2 billion. The credit facilities cover up to 75 percent of the total project cost. “We are proud to complete financing of our first project in Pakistan together with our partners. The Government plans to increase the share of renewable energy to 30 percent by 2030 and we look forward to supporting this growth by delivering 305 GWh of clean power annually. This is enough to cover the electricity needs of about 150,000 households and will contribute to avoid more than 106,000 tonnes of GHG emissions per annum”, said Raymond Carlsen, CEO of

Scatec. The Sukkur project portfolio located in the province Sindh, southeast in Pakistan, was awarded a “costs plus tariff” by the National Energy Power Regulatory Authority (NEPRA) early in 2020. Scatec and Nizam Energy are now working to start construction within the first half of 2021. Scatec will provide engineering, procurement and construction (EPC), and provide Operation & Maintenance, as well as Asset Management Services to the power plants. Scatec will hold 75 percent of the equity, with Nizam Energy holding the remaining 25 percent.

KKR’s Indian Renewable Venture ‘Virescent’ Assigned ‘AAA’ Rating by CRISIL

irescent Renewable Energy Trust (VRET), the Infrastructure Investment Trust (InvIT) proposed to be launched by KKR-backed Indian renewable energy platform Virescent Infrastructure, has received a ‘AAA/Stable’ provisional rating for its bank loan facilities from CRISIL, an S&P company. The proposed Virescent InvIT is awaiting final approval from the market regulator Securities and Exchange Board of India (SEBI). A ‘AAA/Stable’ rating is the highest provisional rating that CRISIL assigns. VRET is

the first renewable energy InvIT in India to be assigned a provisional “AAA” rating from

CRISIL, and it is among the few infrastructure companies in India which have been assigned a “AAA” rating. The rating reflects the firms’ healthy revenue visibility due to longterm power purchase agreements (PPAs) at predetermined tariffs, in addition to its track record of enhanced generation capabilities, its healthy financial risk profile, and its expectation of low leverage. Virescent’s low leverage has resulted in a healthy debt service coverage ratio over its entire debt tenure, supported by adequate liquidity. VRET’s initial portfolio will

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comprise of nine solar energy projects, with an aggregated capacity of approximately 400 MWp. The assets are located in Maharashtra, Tamil Nadu, Uttar Pradesh, Gujarat and Rajasthan. It aims to achieve approximately 1.5 GW of assets in the initial phase of its growth over the next two to three years. The portfolio will continue to be largely focused on solar energy assets – with solar assets estimated to comprise approximately 80 percent to 90 percent of VRET’s portfolio — and that are diversified in terms of location and participating counter-parties.

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IFC to Support India’s Continuum in First Green Bond Offering in Singapore

ne of India’s leading renewable energy developers has tapped the International Finance Corporation (IFC) to anchor its first green bond, helping the country achieve its ambitions to reduce greenhouse gas emissions and support a resilient recovery from COVID-19. IFC, a member of the World Bank Group, has

subscribed to 10 percent of Continuum Green Energy’s first green bond, which listed on the Singapore stock exchange on February 10, 2021. The offering raised USD 561 million and was heavily oversubscribed. Proceeds will primarily be used to refinance existing debt. Continuum is one of the largest providers of renewable power to corporates in the

commercial and industrial sectors in India, with roughly two gigawatts of wind and solar projects across the country. The company is majority-owned by a USD 4 billion global infrastructure fund managed by Morgan Stanley Infrastructure Partners. IFC’s investment continues a relationship that began in 2014, when IFC financed Continuum’s development of a wind farm in Madhya Pradesh. “We are excited to partner with Continuum for its first green bond,” said Isabel Chatterton, Regional Industry Director for Natural Resources and Infrastructure, Asia Pacific at IFC. “IFC’s investment will help Continuum maintain sustainable power generation across India and position it to deliver projects under development as the country emerges from the pandemic. It will also help support India in its ambitions to reduce greenhouse gas emissions, at a time when private capital is most needed to fund infrastructure projects and support a green, resilient economic recovery.”

Solar Cleaning Start-up Solavio Labs Gets Funding from Canadian Province

olavio Labs, an Indian clean tech start-up innovating in the solar panel cleaning technology space has announced the completion of funding from Canadian Province – New Brunswick for Rs 40,60,000 taking their total fund raised to Rs 2 crores. This marks Solavio Labs as the only Indian start-up in the clean tech space to receive support from three Government bodies- India, Dubai and Canada in the last one year. With this fresh round of funding, the company also announced its expansion into the Middle East and North American Market. And, to support the growing global demand for PV technology, Solavio Labs also intends to scale

its manufacturing base in India with the production of 12,000 units by end of the FY 21-22. Commenting on the occasion, Suraj Mohan, Co-Founder – Solavio Labs said“PV technology has been the core of our accelerated growth.

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Having secured orders from leading developers in India and Dubai, Solavio has witnessed phenomenal growth (125x) in the last one year. The recent funding by Canadian Province – New Brunswick via New Brunswick Innovation Fund is encouraging

and we intend to expand our manufacturing facilities in the country to meet the global demand. The fourth generation technology we have will help meet efficiency of solar energy leading to increased green energy consumption and through this adding value to society in a meaningful manner. We will continue to innovate technology and play our part in strengthening India’s position in the global map.” Started by two engineers, Solavio Labs is a Coimbatore based green tech start-up which continues to innovate and develop AI based solutions to enable autonomous solar panel cleaning.

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Biden Administration Clears $100 Mn for DOE to Invest in Clean Energy Solutions

n support of the Biden Administration’s climate innovation agenda, the US Department of Energy (DOE) has announced up to USD 100 million in funding for transformative clean energy technology research and development via its Advanced Research Projects AgencyEnergy’s (ARPA-E) OPEN 2021 funding opportunity. The first of billions of dollars of DOE R&D opportunities to be announced this year, this funding will help identify cutting-edge, disruptive clean energy technologies to address the climate crisis. The Department will also participate in the National Climate Task Force’s Climate Innovation Working Group announced by the White House. The working group will coordinate federal government-wide efforts to foster affordable, game-changing technologies that can help America achieve

the President’s goal of net-zero economywide emissions by 2050, and emphasise research to bolster and build domestic clean energy supply chains and strengthen

American manufacturing. “Today we are inviting scientists, inventors, entrepreneurs and creative thinkers around America to join us in developing the energy technologies we need to tackle the climate crisis and build a more equitable clean energy economy,” said DOE Chief of Staff Tarak Shah. “The Department of Energy is committed to empowering innovators to develop bold solutions that will help America achieve net-zero emissions by 2050 while creating millions of good-paying jobs that benefit all Americans.” Since its founding in 2009, ARPA-E has provided USD 2.4 billion in R&D funding, and ARPA-E projects have attracted more than USD 4.9 billion in private-sector follow-on funding to commercialise clean energy technologies and create sustainable clean energy jobs.

Canadian Solar Closes Japan Green Infrastructure Fund at $208 Mn

anadian Solar has announced the successful close of the Japan Green Infrastructure Fund (JGIF). Canadian Solar will partner with Macquarie Advisory & Capital Solutions (Macquarie), the advisory and capital markets arm of the Macquarie Group. Macquarie is both the financial advisor and a minority investor in the Fund. JGIF’s mission is to accelerate the development of new projects in Japan with clear monetisation strategies, and expects to grant first offer rights to the Canadian Solar Infrastructure Fund (CSIF), a Japanese-listed infrastructure fund holding operating solar assets managed by Canadian Solar’s asset management subsidiary. The Fund marks Canadian

Solar’s first platform entry into the private institutional capital pool. Together with Macquarie and other cornerstone investors, the Fund has secured JPY22 billion (USD 208 million) of committed capital that will be

used to develop, build and accumulate new solar projects in Japan. The Fund will further consider green bond placements and project finance loans as it expands its asset portfolio. Dr. Shawn Qu, Chairman and FEB RUA RY 20 21

CEO of Canadian Solar said “we are pleased to partner with Macquarie and other long-term investors to launch this new development fund. JGIF’s more dedicated capital pool will further boost our competitiveness in developing clean, sustainable and highquality solar energy projects in Japan, leveraging our strong track record both as one of the largest solar developers in the country and as the sponsor of the Canadian Solar Infrastructure Fund. “Meanwhile, we expect to deliver attractive and stable returns to our long-term capital partners, including insurance companies and asset managers, who are searching for yield and looking to deploy capital to advance the clean energy transition.” SAUR ENERGY INTERNATIONAL

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The Size Debate on

Solar Modules As Panel Sizes Grow, Time For A Reality Check For C&I Buyers & Residential homeowners looking for Rooftop Solar.

he second half of 2020 marked a new shift in the solar module segment, with many manufacturers announcing the launch of ‘bigger, better & higher output’ modules. Some have called these the next level of technology and innovation, while others have been nonplussed at all the fuss. But with claimed power output on these modules crossing 500 W and now, even 600W in some cases, potential users can no longer ignore this new shift.

So is a bigger module necessarily the leap of technology progress or innovation? The simple answer is probably no. If there is one thing technology has become associated with in recent decades, it is with making everything more compact, isn’t it? Technical experts argue better technology has been powered by better cell efficiency in recent years. This has enabled manufacturers to install more watts per square meter, besides a reduction in every single other raw materials for the same

level of output bringing down overall system prices. Thus innovation in solar panel is powered by cell-level advancement. Developers and installers we spoke with confirm that big is better as long as it comes with higher efficiency, or watt per square meter(w/m2), or energy density. That brings real value for large, utility scale projects using them. But these bigger form factors designed for utility scale projects, may not work for rooftop projects. Bigger is definitely not better in these applications –

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all developed & mature solar markets like US, Europe, Australia, and Japan continue to focus on 60/66cell products limited to 2sqm in size for the rooftop segment. The reasoning is simple- ease of installation and compact size and handling make these the first choice for a homeowner or commercial property looking for rooftop-system. As the biggest and highest cost component of the solar plant, any change in module sizes will also impact everything that goes with it. Be it racking systems, installation techniques, inverters and even the software to manage the plant and its new high output panels. More than that, the varying sizes of these solar panel means that the standardisation of 60 and 72 does not hold anymore and that component manufacturers like invertors and BOS have to optimise accordingly. Thus, there is the issue of whether the other component suppliers are able to keep pace, or manage with adhoc improvements. On the other hand, for non-utility projects, it is these advantages that become disadvantages too. Large corporate and

residential rooftop projects for instance come with limited sizes and odd shapes sometimes, where really large modules can fail the flexibility test. Add to it the challenges of installation on the rooftops which requires much more robust handling as they are really bulky increasing the real chances of micro-cracks considerably. With the industry grappling between a move to the 182mm standard or the 210mm standard (for cell size) among the global majors lately many firms focused on the non-utility segments would rather focus on efficiency, as their clients may not have the luxury of acres of space or a single minded focus on LCOE. Even the firms making the larger modules caution that they do come with special requirements. Thus, while watt for watt, one can pack in more for transportation now, the larger module size also means special care during packing and transportation, to avoid any breakage. To take just one instance, pallets in use till now were designed with a particular panel size for placing inside shipping containers. Similarly, modules designed until now to allow work by the optimum width of human hands when installing, need to be sized for a maximum of two people to handle it comfortably. A one way move towards larger sizes is also impractical due to the risk of hot spots and may also bring challenges and risks to load capacity. At the

same time, the resistance of the module will also decrease. The larger module is, the more likely the glass is to break under external forces such as sand and gravel, adds a global manufacturer of large sized modules. For firms like REC Group, the Norwegian module maker with its manufacturing out of Singapore, the ‘big is better’ argument is not relevant, it claims. With a focus on the non-utility C&I and residential segment, REC has invested in efficiency through its HJT product (Heterojunction technology), REC Alpha Series, that has very high cell (and module) efficiencies. The higher nameplate power, the firm believes, will take out the need for a larger module size to a large extent. Also the HJT is a cell-level innovation which combines the best of the Mono PERC and thin films making it a next generation technology. Talking about this trend Rohit Kumar, Director for the Indian Subcontinent, Middle East & Africa at REC mentioned that “ At REC we deliberately choose not to be part of this race, as there is no end to it and ultimately the consumer suffers from a lack of standardisation. As a company that has been making advance technology solar panels for 25 years we really want to give the Indian customers the best quality products that are loved globally in the same form factor that have stood the test of time, and which is largely 60 cell and now 72 cell.” Eventually it’s the consumer who has to be smart here, and not fall for the lure of size and higher wattpeaks without ensuring that it really is the best option for her.

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Hydrogen Rolling With $300 Billion Commitment To Projects by 2030

he Hydrogen Council, a global CEO-led initiative of 92 leading energy, transport, industry, and investment companies with a vision to develop the hydrogen economy has released a report titled, ‘Hydrogen Insights 2021: A Perspective on Hydrogen Investment, Deployment, and Cost Competitiveness’. The report, made by Mckinsey and Co, highlights the rapid acceleration of hydrogen projects in response to government commitments to deep decarbonization. It also offers a comprehensive perspective on market deployment around the world,

investment momentum as well as implications on the cost competitiveness of hydrogen solutions. According to the report, as of early 2021, over 30 countries have released hydrogen roadmaps and governments worldwide have committed public funding in support of decarbonization through hydrogen technologies. No less than 228 large-scale projects have been announced along the value chain, with 85 percent located in Europe, Asia, and Australia. These include largescale industrial usage, transport applications, integrated hydrogen economy,

infrastructure, and giga-scale production projects. The report says that if all announced projects come to attainment, total investments will reach more than USD 300 billion by 2030. Out of this investment, USD 80 billion can currently be considered “mature”, which means these projects are in the planning stage, have passed a final investment decision (FID), or are under construction, already commissioned, or operational. Speaking on the rapid increase in Hydrogen deployment, the Chairman and CEO of Air Liquide and Co-chair of the Hydrogen Council, Benoît

Potier stated, “A huge step in the fight against climate change has been taken, as both governments and investors now fully grasp the role hydrogen can play in the energy transition. “Now, to bring this potential to its full fruition, governments, investors and industrial companies must work together to scale up the hydrogen ecosystem around the world. Their collaboration in the coming months will allow for many of the projects around the world to become a reality and to turn hydrogen into a new, clean, abundant, and competitive energy carrier,” Potier added.

Novel Two-polymer Membrane Boosts Hydrogen Fuel Cell Performance

uel cells are an attractive sustainable energy source due to their eco-friendly by-product, water. However, existing fuel cells are either expensive or low performance. Now, scientists from Korea have designed a robust and highly conductive fuel cell ion-exchange membrane using two readily available polymer materials and a unique technique, opening doors to fuel

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cells that are both cheap and high performing, bringing us closer to realising a hydrogen economy. A considerable portion of the efforts to realize a sustainable world has gone into developing hydrogen fuel cells so that a hydrogen economy can be achieved. Fuel cells have distinctive advantages: high energy-conversion efficiencies (up to 70 percent) and a clean by-product, water. In the past decade, an ion exchange membrane fuel cells (AEMFC), which convert chemical energy to electrical energy via the transport of negatively charged ions (anions) through a membrane, have received attention due to their low-cost and relative environment friendliness compared to other types of fuel cells. But while inexpensive, AEMFCs suffer from several major drawbacks such as low ion conductivity, low chemical stability of the membrane, and an overall lower performance rate than its counterparts. Now, in a study published in the Journal of Materials Chemistry A, scientists from Korea report a novel membrane that is both thin and strong and takes care of these drawbacks. To develop their membrane, the scientists used a novel method: they chemically bonded two commercially available polymers, poly(2,6-dimethyl-1,4-phenylene oxide) (PPO) and poly(styrene-b(ethylene-co-butylene)-b-styrene) (SEBS) without using a crosslinking agent. The strategy used by Prof. Kim’s team also involved adding a compound called triazole to PPO to increase the membrane’s ion conductivity.

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National Hydrogen Energy Mission Document to be Finalised This Month

n the Budget Speech 2021-22, Finance Minister Nirmala Sitharaman proposed to launch a National Hydrogen Mission for generating hydrogen from green power sources. The ministry has now announced that the draft mission document has already gone through the consultation process and is expected to be finalised in February 2021. Thereafter, it will go through inter-ministerial consultation and the Cabinet approval process. In her speech, Sitharaman said “Prime Minister, while speaking at the 3rd RE-Invest Conference in November 2020, had announced plans to launch a comprehensive National Hydrogen Energy Mission. It is now proposed to launch a Hydrogen Energy Mission in 2021-22 for generating hydrogen from green power sources.” The proposed National Hydrogen Energy Mission would aim to lay down the

Government of India’s vision, intent and direction for hydrogen energy and suggest strategies and approaches for realising the vision. The Mission would put forward specific strategy for the short term (4 years), and broad strokes principles for the long term (10 years and beyond). The aim is to develop India into a global hub for the manufacturing of hydrogen and fuel cells technologies across the value chain. Toward this end, a framework to

support manufacturing via suitable incentives and facilitation aligned with ‘Make in India’ and ‘Atmanirbhar Bharat’ will be developed. It will provide the necessary flexibility to capture benefits from advances taking place in the technology landscape. It has also been specified that the Government of India will facilitate demand creation in identified segments. Possible areas include suitable mandates for use of green hydrogen in the industry such as fertiliser, steel, petrochemicals, etc. Major activities envisaged under the Mission include creating volumes and infrastructure; demonstrations in niche applications (including for transport, industry); goal-oriented Research & Development; facilitative policy support; and putting in place a robust framework for standards and regulations for hydrogen technologies.

IESA Partners With Greenstat Hydrogen to Support India’s Hydrogen Mission

ndia Energy Storage Alliance (IESA), India’s leading alliance on energy storage & e-mobility and Greenstat Hydrogen India, a Norwegian energy organization, recently signed a Memorandum of Understanding for a period of two years to accelerate the hydrogen technology

development in India. The objective of this partnership is to collaborate on the establishment of a Norwegian Centre of Excellence on Hydrogen in India and to support the development of green hydrogen technologies in India. The government of India announced in the Union Budget

2021, its plan to launch a National Hydrogen Mission and may come out with a draft mission in the next two months. For the current financial year, the Ministry of New and Renewable Energy (MNRE) has been allotted Rs 25 crore for research and development (R&D) in hydrogen. Debi Prasad Dash, Executive Director, IESA said that the alliance is happy to partner with Greenstat Hydrogen India to accelerate the adoption of hydrogen technologies in India. “For India, Hydrogen presents a potential opportunity to decrease reliance on oil imports and focus on alternate energy sources. In line with the industry needs, IESA launched the MIGHT- (Mobility and Infrastructure with Green FEB RUA RY 20 21

Hydrogen Technology) initiative in 2020 for supporting policies to enable use of green hydrogen in both stationery and mobility sector. We anticipate that advanced chemistry cell battery manufacturing mission and hydrogen mission together can enable India to fast-track decarbonisation of grid, industrial sector, and transportation sector in coming decade.” Once the draft of the mission is in place, it will be floated for public consultation. There will be five key areas the government will focus on which includes R&D, demand creation, how it can be used in industry, to create an ecosystem including policies for this and how-to bring industry on board along with international partnerships. SAUR ENERGY INTERNATIONAL

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Solar now the Leading Source of Renewable Energy in India: MNRE

he Ministry of New and Renewable Energy (MNRE) has issued a monthly summary for the Cabinet for the month of January 2021, where it details all the events and development that took place during the month. The most important development in the report was that solar, now with 38.79 GW installed capacity, is the leading source of renewable energy in India, leaving behind wind at 38.68 GW. After shooting to over 30 GW in a quick span, wind energy growth has stagnated in India over the last couple of years. A period in which solar has become the renewable energy source of choice in the country, growing the fastest amongst all other sources of clean energy. And now, it has surpassed wind to finally take the lead in the Indian grid. Considering recent trends in the wind segment, and with nothing holding solar back, we expect it to now build a

considerable lead over wind in the coming months. According to the MNRE monthly report, in January 2021, India’s total renewable energy (RE) capacity was at 92.54 GW, with 1396.97 MW new capacity added during the first month of the year. However, the ministry hasn’t revealed the distribution between sources like wind, solar, etc. for the new capacity that was installed during the month. Instead, the Ministry has detailed that at the end of the month, wind made up 38.68 GW of the total, solar was at 38.79 GW and then 10.31 GW from Bio-power and finally 4.76 GW from small hydro projects. The ministry has revealed that projects of 49.3 GW capacity are at various stages of implementation and that 27.57 GW capacity currently under various stages of bidding. The ministry has also revealed that an expenditure of Rs 2507.79 crore has been

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incurred up to January 31, 2021, which is around 69.78 percent of the total revised estimate for the ministry for the full fiscal of 2020-21.

Other highlights:

• The National Institute of Wind Energy (NIWE) has installed three 100 m integrated wind-solar resource assessment stations and one 120 m wind monitoring station at the proposed 30 GW Renewable Energy Park (Khavada region), Kutch District, Gujarat. The data from these resource assessment stations will facilitate potential project developers and investors in developing wind/ solar power projects in the region. • A Memorandum of Understanding (MoU) was signed between the Ministry for the Ecological Transition of the French Republic and MNRE on January 28, 2021, for Cooperation in Renewable Energy.

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Ashok Leyland Running 60% of Countrywide Operations With Clean Energy

shok Leyland, the flagship commercial vehicle manufacturer of the Hinduja Group has announced that it has increased the sourcing of clean energy to 60 percent for its countrywide operations. The firm has detailed that now 75 percent of its energy consumption in the state of Tamil Nadu and 60 percent throughout the country is procured through the solar rooftop, solar ground-mounted, and windbased renewable energy projects. Hinduja Renewables, the green energy arm of the Group focused on building sustainable and clean energy plants in India and has built a solar plant for Ashok Leyland, with a capacity of 75 MWp in Tamil Nadu. Located in the Sivagangai district, the plant is expected to generate over 120 million units of power annually. “As we march towards our

vision of being among the top ten global CV makers, it is equally important that we do this sustainably. Ensuring that our energy requirements come from renewables, is a critical part of this vision,” Ashok Leyland MD and CEO Vipin Sondhi said. With the start of operations of the solar plant, the company has taken a massive leap in reducing its carbon footprint, he added. Sourcing energy from the captive solar power plant will ensure

abatement of 85,000 tonnes of carbon emissions which is equal to planting 1,57,487 trees, annually. Shom Hinduja, Presient, Alternative Energy & Sustainability Initiatives at Hinduja Group said, “sustainability is paramount to us at the Hinduja Group. Hinduja Renewables was set up to be the bridge between nations and companies to achieve their sustainability targets. Its mission is to positively impact humanity and conserve the environment through sustainable energy and mobility solutions. This project will enable Ashok Leyland to significantly reduce its carbon footprint, thereby helping it achieve its sustainability goals. The Hinduja Group is evaluating its operations globally and has planned similar ESG initiatives across the different companies”

200 MW Solar Project ‘Largest in West Africa’ to Come up in Nigeria

&S Power, a Singapore based renewable energy corporation, and Sunnyfred Global, a Nigerian investment entity, have concluded arrangements in collaboration with other stakeholders and Technical Partners, to Design, Develop, Finance and Construct West Africa’s largest solar PV farm in Nigeria – The Ashama 200 MW solar PV project. The Solar PV Project is located on about 304 Hectares of Land in Ashama Village, Aniocha South of Delta State in Nigeria. According to a statement from Greenplinth Africa, Consultants & Strategic Partners to the Project Promoters, a Media Chat and Project Roadmap

Presentation would take place on February 25, 2021. The event with the theme “Sustainable and Affordable Energy Access for Communities in Nigeria” will highlight the importance of the Ashama Solar Photovoltaic Project to the host community, state, the nation and the continent in general. According to the World Bank, over 80 million Nigerians are without access to electricity and millions more suffer from poor service despite efforts by the Federal Government to provide electricity in the country. And also about 60 Million of these Nigerians spend more than N1.6 Trillion on fossil fuel

generators yearly. The Federal Government of Nigeria however expects renewable energy to fill a substantial portion of the electricity poverty gap in the country. In Africa, Power is Inaccessible, Unaffordable, and Unreliable for most people. This traps people in poverty; students find it difficult to read after dark, clinics cannot refrigerate vaccines and businesses have shorter operating hours. Today, more than 25 African countries face an energy crisis. The African continent is well endowed with energy resources, but most remain untapped.

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20GW Signed Contracts Prove the High Reliability and the Investment Value of 182mm Modules

ith the beginning of the “14th Five-Years Plan”, the PV industry market has continued to heat up, and largesize modules have progressively earned growing popularity in PV market. According to the industry expectation, by the end of 2021, the production capacity of 182mm modules may exceed 100GW and the most mature product capacity planning will match the demand of global market. There are only three leading companies in the industry have signed over 20GW orders for 182mm modules and are sold to nearly 30 counties and regions around the world. Thanks to 182mm module’s high power class and system-friendly advantages, 182mm modules have undoubtedly count a high percentage of market share and become the mainstream choice in the market. The high market acceptance of 182mm module is not just because of its technical and performance advantages, but it’s also due to the various application scenarios and access conditions 182mm size provides from the perspective of installation, transportation, system matching, operation and maintenance, and security. In particular, the rising trend of variable costs such as shipping and labor is also included in the variable factors of investment cost to give customers the best investment plan.For example, JinkoSolar has worked with Shanghai Electric and other well-known domestic EPCs and design institutes to jointly develop a series of applied solutions. These include “JinkoSolar Tiger Pro Module System Design Application and Economic Feasibility Study Report”, a calculation of 182mm module design schemes by multiple system equipment suppliers under specific application scenarios. The report provides owner, EPC and customers with a reference for the total cost and LCOE, which helps customers for module selection. After accurate calculations, the report shows that Tiger Pro modules series is highly compatible with each mounting system and can maintain high power output in high wind load environments. Furthermore, Tiger Pro modules series has excellent economic performance. In many projects fields, compared with conventional modules, Tiger Pro modules series has shown a higher return on investment and lower costs, maximizing the interests of investors and developers. Moreover, the company also combined the “Specifications for the Efficiency of PV Power System in China” with China’s unlimited DC/AC ratio policies, conducting a logical analysis of projects that use Tiger Pro modules to formulate the “Optimal DC/AC Ratio Scheme for China’s PV Projects.” According to the existing projects, the current DC/AC ratio is generally below 1.5 in China. After the calculations based on actual projects, the following conclusions are drawn: The performance of string inverters is better when the equipment input is fully connected, which can significantly reduce the construction cost of the project, and the degree of peak cutting of string inverter equipment has not changed much. For the centralized inverters, under the premise of the best yield rate for projects, if we take into account to fix the DC side and variable AC side, the DC/AC ratio of the lower radiation area can reach 1.45 and above, and the higher radiation area can be in the range of 1.3-1.4; if we consider to fix the AC side and variable DC side, the DC/AC ratio corresponding to the optimal rate of return can still be further improved.

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JinkoSolar announced that “The company will continue to optimize manufacturing processes as well as carrying out technological innovation, and will also expand customer valueadded service systems to lead the technological development of PV industry. JinkoSolar will continue to provide extremely reliable modules and quality services to bring greater value to our end customers.” Figure: Centralized Inverter System DC/AC Ratio Recommendation (under the best IRR consideration) Level of Light Richness

The Level of Radiation (kWh/m2)

Fix AC side, Variable DC side

Fix DC side, Variable AC side

Normal/Rich

1200~1300

1.45~1.5

Rich

1300~1400

1.45~1.5

Rich

1400~1500

1.4~1.45

1.45~1.5

Rich/Very Rich

1500~1600

1.4~1.45

Rich/Very Rich

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1.4~1.45

Very Rich

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Premier Energies to set up new Rs 483 Cr Solar Manufacturing Facility in Hyd

remier Energies, a leading domestic solar PV cells and modules manufacturing company has announced that it is setting up a new stateof-the-art facility at E-City Hyderabad. A Greenfield Project, the new plant is spread across 25 acres and is slated to triple the firms’ current capacity. Being built at an investment of Rs 483 crores, the plant will produce 1.5 GW of solar cells and modules as against the current capacity of 500 MW. The Plant is expected to be commissioned in the next 2 months. Besides working towards reaching their stated objective of cleaner air and a greener world, the new venture, the firm claims, will position the company amongst the top 5 solar manufacturing companies in India. The company also completed 25 years of operation in 2020. The new manufacturing unit with a capacity of 1.5 GW, will produce MCCE textured multi-crystalline cells as well as Mono PERC cells. The new plant facilities are designed to produce the latest generation products by incorporating Monocrystalline PERC technology. “This technology step change along with the increase of wafer size to 182 mm and

210 mm will drive the industry towards a greener society,” the firm stated. Chiranjeev Saluja, Founder and Managing Director, Premier Energies said, “we at Premier Energies realise that the future of the power industry in India is going to be driven by renewable energy, primarily dominated by solar energy. With the expanded capacity, we aim to work towards

India’s commitment of addressing climate change. Our commitment is to fulfill our goals of a greener decade while contributing to the Indian power sector. With increased adoption of automation and robotics, our new factory will be at par with some of the leading manufacturing companies in Asia, Europe, and USA, producing world-class products.”

MiaSolé, European Solliance Claim 26.5% Efficiency on Tandem Solar Cells

anergy owned MiaSolé Hi-Tech Corp and European Solliance Solar Research claim to have achieved a power conversion efficiency of 26.5% on a tandem solar cell. The new record builds on their previous record in 2019. The architecture combines two thin-film solar cell technologies: a top rigid semi-transparent perovskite solar cell with a bottom flexible copper indium gallium selenide (CIGS) cell. Miasole claims that this

impressive efficiency was achieved by optimizing the bandgap and the efficiency of both the rigid semi-transparent perovskite top cell and the flexible CIGS bottom cell. The CIGS was roll to roll produced on steel foil, with an impressive power conversion efficiency of 20.0%. “Rollable, ultra light, solar cells and modules have dramatically expanded the applications of solar energy in infrastructure, electrical vehicles, and mobile energy markets. MiaSolé has delivered

a rollable solar cell efficiency of 20.56% and a large area module efficiency of 18.64% on production ready equipment, and we will keep breaking more world records together with Solliance to build perovskite/ CIGS tandem technology for the future.” Added Dr. Jie Zhang, CEO of the US-based MiaSolé. The stable and scalable semi-transparent perovskite solar cell have been developed on glass. This cell architecture is currently transferred to a flexible carrier FEB RUA RY 20 21

enabling a fully flexible, highly efficient solar foil. The device was optimized to maximize the visible light conversion and at the same time to maximize the infrared light transparency in order to allow the majority of infrared light to reach the bottom CIGS cell. This approach resulted in an efficiency of 17.5% for the top device, measured at the maximum powerpoint, tracked for 5 minutes. At Solliance TNO, imec, and TU/e contributed to realize this perovskite solar cell. SAUR ENERGY INTERNATIONAL

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Large Module Sizes Find Their Way, as Suppliers Roll out Compatible Equipment

he latest trend in solar modules for larger-sized modules, caused by the pressure to show ever-increasing output is finally finding a clear pathway. Module output, which has seen major increases in the past few months on the back of these new larger modules now has support in the form of key suppliers like inverters, and trackers that have finally caught up with changes too. That means 166mm cells, seen as the first big shift away from the traditional 157 mm cut, will soon see real competition from the even larger 210 mm cells. Keep in mind that the higher output, while driven by competition between module and cell makers, is driven overwhelmingly by higher size, and not better efficiencies. The M6 size wafer which dominates currently is itself an outcome of the larger size push, with a length of 166mm and a maximum diagonal length of 223mm, with cut corners. The previous ‘standard’ (still popular in India), the M2 wafer size, had a length of 156.75mm and a diagonal length of 210mm. Thus, M6 offered an increase of 12.21% in area. That explains how power output on a typical 72 cell module went up from the

earlier 370 w range to over 400 W during the 2018 to 2020 period as M6 took over. The ‘giant’ 210 mm cell module delivers a similar jump, to take output to over 500 W. Even as some of the most promising research into improving cell level efficiencies are still being tested in labs or in early pilots. What has helped technically is the advances in split-cell technologies, multi-busbar besides dense interconnection possibilities for linking up cells in a module. With global manufacturers ranging from Longi solar to Jinko, JA Solar, Trina Solar and more backing them, acceptance was a fait accompli, especially with related Chinabased suppliers also falling into line quickly. Now, even manufacturers in other markets, be it for inverters or trackers, have joined the list. India’ where a major pipeline of fresh manufacturing projects is building up, for both cell and module production, will be important, and probably essential to ensure that these new facilities get their sizes right. 182mm (M10 wafers), if not 210 mm (M12 wafers), might be an absolute essential, especially for those targeting large, utilityscale projects, as these larger module sizes

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do deliver some specific benefits in terms of overall system costs, especially in wiring, racking, etc. Newer cell manufacturing benefits from using split-cell technology for instance, where cells are cut into two or three pieces, and the generated current is divided through these, before recombining at a common busbar. This has tackled the biggest risk of thermal losses on a larger cell. Multi-busbar technology has helped to reduce the distance between cells. By reducing the distance between cells, and resistance between them, they have also delivered an incremental boost to output over and above the larger-sized cells. Tracker firms ranging from Arctech to Nextracker to Soltec and Trina Solar have already confirmed that they have, or will have products ready for M12 (210 mm cells) sized modules by end of Q1 this year. Inverter firms across the board have also confirmed readiness even earlier. By 2021 end or early 2022, expect the utility segment to make a decisive shift towards these larger M10 and M12 sizes, as overall costs align to make them a compelling buy for low-cost solar energy production.

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Indian Electricity Sector on Cusp of a Solar Powered Revolution: IEA

ccording to the latest International Energy Agency (IEA) report, solar power is set for explosive growth in India, matching coal’s share in the Indian power generation mix within two decades in the STEPS – or even sooner in the Sustainable Development Scenario. The report ‘India Energy Outlook 2021’ found that as things stand, solar accounts for less than 4 percent of India’s electricity generation, and coal close to 70 percent. By 2040, they converge in the low 30 percent in the STEPS, and this switch is even more rapid in other scenarios. This dramatic turnaround is driven by India’s policy ambitions, notably the target to reach 450 GW of renewable capacity by 2030, and the extraordinary cost-competitiveness of solar, which out-competes existing coalfired power by 2030 even when paired with battery storage. Further, the rise of utilityscale renewable projects is underpinned by some innovative regulatory approaches that encourage pairing solar with other generation technologies, and with storage, to offer “round the clock” supply.

Keeping up momentum behind investments in renewables also means tackling risks relating to delayed payments to generators, land acquisition, and regulatory and contract uncertainty. However, the projections in the STEPS do not come close to exhausting the scope for solar to meet India’s energy needs, especially for other applications such as

rooftop solar, solar thermal heating, and water pumps. The report also found that India’s electricity demand is set to increase much more rapidly than its overall energy demand. But a defining feature of the outlook is a sharp rise in variability – both in electricity output, from solar PV and wind, and in daily consumption.

New Net-Metering cap Risks Stalling Rooftop Solar Progress in India: IEEFA

new regulation that excludes rooftop solar systems over 10 kilowatts (kW) from net metering will stall the adoption of larger installations in India, undermining progress towards the government’s rooftop solar target of 40 gigawatts (GW) by 2022, according to a new research note. According to the briefing note by IEEFA and JMK, a provision in the Ministry of Power’s new rules for electricity consumers which mandates net metering for rooftop solar projects up to 10

kW and gross metering for systems with loads above 10 kW will likely make rooftop solar commercially unviable for big residential and

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commercial and industrial (C&I) consumers. “Currently, India only has around 6 GW of installed rooftop solar capacity, the majority of which has been developed by C&I consumers. So the very consumers who are driving rooftop installations in India are also the ones most likely to be deterred by the 10 kW limit on net metering,” said co-author Vibhuti Garg, Energy Economist, Lead India, at the Institute for Energy Economics and Financial Analysis (IEEFA). “India already has a long way to go to meet its critically

important 40 GW target, and if limiting net metering to 10kW makes the rooftop solar space unattractive for C&I consumers, it is unlikely that we will be able to achieve that target.” According to the authors who analysed the net and gross metering tariffs payable across leading states. It was found that gross-metered consumers are compensated for the export of solar power to the grid at rates of Rs 2-4/kWh. However, current rooftop power purchase agreements (PPAs) signed by Tier 1 developers have tariffs in the range of Rs 3.5-4/kWh.

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Renewable Sector Springs Back to pre-COVID Levels in India: CEEW-CEF

he renewable energy sector in India has rebounded to the preCOVID-19 levels in Q3 FY21 following the restoration of supply chains, according to a new quarterly analysis release by the CEEW-Centre for Energy Finance (CEEW-CEF). Signaling an economic recovery, the report found that the peak power and energy demand consistently surpassed all months of Q3 FY20. RE capacity additions increased by 59 percent at 1.9 GW compared to Q1 FY21. RE generation also increased by 20 percent as compared to Q3 FY20. The CEEW-CEF Market Handbook also highlighted that coal capacity addition declined further as compared to Q2, with net Q3 addition of 369 MW (versus 550 MW in Q2), which was less than 20 percent of renewable energy additions. Among renewable categories, solar (grid-scale and rooftop) continued to dominate,

accounting for 73 percent of the capacity added in Q3 FY21. Arunabha Ghosh, CEO, CEEW, said, “India offers one of the largest renewable energy markets operating on market principles. The performance of the RE sector in this quarter has further reiterated

the promise the sector holds. To meet the 450 gigawatts renewables target, India needs investments worth more than USD 200 billion for generating capacity alone. Significant additional funds will be required for supporting infrastructure such as storage and transmission. The focus must now be on reducing the cost of finance and embracing innovative financing models such as a time-bound credit enhancement scheme to accelerate the growth of the sector.” The report also indicated a decline in quarterly capacity auctioned, with 2.97 GW RE capacity auctioned in Q3 FY21 (versus 4.4 GW and 3.2 GW auctioned in Q1 FY21 and Q2 FY21, respectively). This could be a result of challenges faced by the Solar Energy Corporation of India (SECI) in finding adequate buyers for the previously tendered, higher tariff capacities in the face of rapidly declining tariffs and discom grid integration challenges.

Global Capital Pool Mobilising to Invest in Renewable Projects in India: IEEFA

new report has detailed how a huge global capital pool is mobilising to invest in renewable energy and grid projects in India. According to the Institute for Energy Economics and Financial Analysis (IEEFA), the mass interest comes with pull factors including solar power tariffs hitting record lows, plunging solar module costs, record low-interest rates, and the security of governmentbacked, 25-year power purchase agreements (PPAs). “Domestic and global institutions across the financial, corporate, energy, utility and government sectors are primed to deploy a wall of capital that India needs to fund its ambitious renewable energy

targets,” said report co-author Tim Buckley, Director Energy Finance Studies, South Asia, at IEEFA. The report highlighted that

while the renewable energy sector in India has received more than USD 42 billion in investment since 2014, it will require a further USD 500 billion in order to reach 450 gigawatts (GW) of capacity by 2030. This includes the capital cost of adding more than 300 GW of new renewables infrastructure, firming low-cost but intermittent renewable power generation, and expanding and modernising grid transmission and distribution. The report follows on from the latest ‘India Energy Outlook 2021’ recently released by the International Energy Agency (IEA) which revealed that India will need USD 1.4 trillion in additional funding for low FEB RUA RY 20 21

emissions technologies in order to be on a sustainable path over the next 20 years – 70 percent higher than in a scenario based on current policy. The report identifies the capital flowing into the renewables sector for new projects and infrastructure investment trust (InvIT) structures, as well as the capital recycling opportunities for the National Investment and Infrastructure Fund (NIIF) for operational projects. The sources of capital range from private equity, global pensions funds and sovereign wealth funds, to oil and gas majors, multinational development banks and Indian state-owned enterprises and power billionaires. SAUR ENERGY INTERNATIONAL

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Coal Power may Have Already Passed its Peak, if India Delivers its RE Targets

n analysis by energy think tank Ember has revealed that India’s coal power has continued to decline since reaching a peak in 2018. Coal-fired electricity generation in India fell 5 percent in 2020 due to significantly reduced annual electricity demand as a result of the COVID-19 lockdown. It is the second consecutive year that coal power has fallen, with coal generation down 8 percent in 2020 compared to 2018. Coal still remains the dominant source of electricity, generating 71 percent of India’s electricity in 2020, however it might have very well passed its peak if India can deliver on its ambitious solar and wind energy targets. The study analyses new data from India’s Central Electricity Authority (CEA), showing that coal fell by 51 TWh (5 percent)

in 2020, caused by a 36 TWh (3 percent) fall in electricity demand and a 12 TWh (3 percent) rise in solar generation. As coalfired generation fell and coal capacity continued to rise, India’s coal plant load factor (PLF) fell to a record low level of 53 percent in 2020. Ember’s report demonstrates that India’s

coal-fired generation will continue to plateau this decade if electricity demand is structurally impacted by COVID-19. With electricity demand projected to grow just 4-5 percent every year until 20301, the study calculates that there would only be a small (52 TWh) increase in coal-fired generation by 2030. The analysis draws on data from the International Energy Agency, demonstrating that the recent India Energy Outlook 2021 report supports the conclusion that coal power will plateau and could even fall this decade. This new trajectory puts India on a more climate-friendly pathway. However, Ember’s report reveals that this is dependent on India delivering its 2022 target for wind and solar generation, which would require more than double the generation seen in 2020 (118 TWh).

Perovskites Poised to Disrupt Solar Supply Chains Everywhere: Rethink Tech

erovskite seems to have been with us for a decade and so far it has not changed anyone’s life, changed the price of solar, or eaten into any company’s profit. And according to a new report, it’s about to. The report finds that Perovskite solar will invade conventional solar in 3 distinct ways, beginning in the tail end of this year, firstly in tandem with existing silicon cells, then in

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tandem at the module level with silicon modules and finally in incredibly cheap panels of pure perovskite. Perovskite has the potential, in the long run, to drop solar costs by 80 percent, but will initially simply offer 33 percent more electricity on a cell, in tandem with silicon, for slightly higher manufacturing costs. Over the next ten years it will cut 50 percent off traditional solar generation costs, and then continue falling in price. These advantages will see perovskites pass 29 percent of the global market by 2030, and if existing suppliers do not adopt perovskite early, they will fall by the wayside. This will create a land grab in solar manufacturing all over again, with perovskite leaders able to undercut pricing and double the Levelised Cost of Ownership lead that solar already has over other electricity generating technologies. This Report from Rethink Energy is an early take on the market just as it begins to go into a concerted manufacturing effort – starting in Europe, China and the US, with early adopters in Japan and South Korea expected to use the technology to re-ignite their domestic solar industries. In the conventional module market, growth will be supply constrained and only gradually reach 7 percent of the market by 2025, but suppliers will sell every panel they can make either from a price advantage or a power improvement, and this will drive manufacturing capacity until it begins to unseat silicon at the tail end of this forecast, in the run up to 2030.

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Wind, Solar Must Grow by 162 & 253 GW for Europe to Meet 2030 Emissions Target: WM

new report by Wood Mackenzie details that while the new 2030 emissions target of Europe of seeing a 55 percent reduction over 1990 levels has made it the undisputed global leader in climate ambition. There still a long way to go for the contingent for actually achieving this rapidly approaching goal, and very dramatic changes are needed. One of which is that wind and solar power generation capacity must grow by 162 GW and 253 GW, respectively, over 2020 levels. As noted in the report ‘Fast and Furious: Europe’s race to slash emission by 2030’, the base forecast sees the bloc falling short of its goal, delivering a 46% reduction over 1990 levels. An accelerated energy transition for the EU, consistent with limiting global warming to no more than 2 degrees C, would take Europe much closer to the 2030 target. The reports’ 2-degrees scenario includes some sharp changes from their base-case scenario: •Electric vehicles (EVs) and plug-in hybrids must reach 97% of the EU’s passenger vehicle sales by 2030 •Wind and solar power generation capacity must grow by 162 GW and 253 GW, respectively, over 2020 levels – underpinned by rapid scaling of grid infrastructure. •Coal-plant retirements, of 85 GW by 2030, must be accelerated, alongside a carbon cost that maximises coal-to-gas switching. However, even that 2-degree scenario only gets the EU to a 53 percent cut in emissions by 2030; it would take another two years to get to 55 percent. The report also detailed that investment by private capital chasing low-carbon opportunities will be key. Governments will have to ‘crowd in’ private sector investment with incentives. Such a formula has already delivered renewables growth, with feed-in-tariffs and guaranteed off-take underpinning returns for investors.

India to see Largest Increase in Energy Demand in the World by 2040: IEA

ndia’s ability to ensure affordable, clean and reliable energy for its growing population will be vital for the future development of its economy, but avoiding the kind of carbon-intensive path previously followed by other countries will require strong policies, technological leaps and a surge in clean energy investment, according to a new report released today by the International Energy Agency (IEA). The ‘India Energy Outlook 2021’ report examines the opportunities and challenges faced by the planet’s third-largest energy-consuming

country as it seeks to recover from the COVID-19 crisis. India is set to experience the largest increase in energy demand of any country worldwide over the next 20 years as its economy continues to develop and bring greater prosperity to its citizens. The report highlights that the combination of a growing and industrialising economy and an expanding and increasingly urban population will drive energy use higher, raising the question of how best to meet that swelling demand without exacerbating issues like costly energy imports, air pollution and greenhouse

gas emissions. “India has made remarkable progress in recent years, bringing electricity connections to hundreds of millions of people and impressively scaling up the use of renewable nergy, particularly solar,” said Dr. Fatih Birol, IEA Executive Director. There “is a tremendous opportunity for India to successfully meet the aspirations of its citizens without following the highcarbon pathway that other economies have pursued in the past. The energy policy successes of the Indian government to date make me very optimistic about its ability FEB RUA RY 20 21

to meet the challenges ahead in terms of energy security and sustainability.” The report goes on to add that the rapid expansion of solar power combined with smart policy-making are transforming India’s electricity sector, enabling it to provide clean, affordable and reliable power to a growing number of households and businesses. However, as is the case in economies around the world, the transport and industrial sectors – areas like road freight, steel and cement – will prove far more challenging to develop in a sustainable manner. SAUR ENERGY INTERNATIONAL

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Coal Could Boom in India if Renewables Can’t Keep up With Growth: Rystad

ower generation from coal in India fell to a five-year low of “just” 1,064 terawatt-hours (TWh) in 2020 due to the COVID-19 induced slowdown. This was only a dip, however, as coal still makes up a gigantic 70 percent of the country’s total electricity production and is set to come back with a vengeance, growing by 43 percent to 1,523 TWh in 2037, when Rystad Energy expects coal power to finally peak. As surprising as the projection may be to some, such a surge in coal consumption is not that unexpected. India’s power generation is set to grow exponentially to 3,565 TWh by 2037, more than double 2020’s figure. Electricity production will already exceed 2,000 TWh from 2025 and is set to breach the 3,000 TWh ceiling from 2034 as a result of an electrification boost and economic growth. In fact, the authors expect India’s electricity generation to increase with an average annual growth of 4.2 percent, effectively tripling its current level over the next 30 years. The outlook is not all grim for clean

electricity, though. Today’s power mix will be unrecognisable in three decades as the government pushes for greener initiatives. The report forecasts all renewable sources grouped together (wind, solar, hydro, and biofuels/waste) will surpass fossil fuels in India’s total power generation by 2038. Further out, the authors expect solar to outcompete coal by 2050 in terms of the largest share in the power mix. It finds that new solar and wind projects

are projected to accelerate the growth of India’s renewable power generation. Expecting electricity produced by solar PV to grow to 65 TWh in 2021 from 55 TWh in 2020, and then rise further to 128 TWh through 2025 and 233 TWh in 2030. Power generated by onshore wind turbines, from 69 TWh in 2020, is set to rise to 82 TWh in 2021 and 143 TWh in 2025. In 2030, produced electricity from this source is expected at 254 TWh.

REBA Lists Top 10 US Large Energy Buyers in 2020, Amazon No.1

he Renewable Energy Buyers Alliance (REBA) has released the second annual Deal Tracker Top 10, which highlights 2020’s leading large energy buyers. The list was topped by Amazon with the procurement of 3.163 gigawatts (GW) of clean energy. As per the report, large energy buyers once again showcased their resolve and commitment to renewable energy with a record-breaking 10.6 GW of announced contracted capacity. “Large energy buyers have led the market since the

inception of renewable energy in 2008. It is remarkable that the business community announced nearly 100 new deals while managing the impacts of a global pandemic,” said Miranda Ballentine, CEO, REBA. “These leaders stepped up to prioritise renewables as a key component of broader organisational energy and climate strategies, and more importantly, recognise the role of the energy industry as the country looks to navigate economic recovery.” The Deal Tracker highlights how large energy buyers have continued to drive progress

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toward a zero-carbon future. The diverse list of companies – half of which represents first-time energy buyers accounting for 25 percent of total announced volume – have navigated market barriers through innovative contracting structures and collaboration with key stakeholders, including utilities, energy transaction parties, local communities, and industry leaders. With a breakthrough year in 2020, e-commerce giant Amazon replaced Facebook at the top of the list from 2019. The firm more than doubled

on the 1.546 GW that Facebook contracted to finish first in 2019, to top the list with 3.163 GW in 2020, three times more than Google in second position which secured 1.040 GW capacity. The tracker found that while the information technology (IT) sector continues to represent the highest announced renewable energy procurement by volume, industrials and materials was the top sector for new buyers, which indicates the importance of decarbonisation of industrial supply chains to meet zero-carbon goals.

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POWERGRID Wins 2 Transmission Projects in Rajasthan Solar Energy Zone

OWERGRID, Power Grid Corporation of India (PGCIL), has announced that it has been declared as the successful bidder under Tariff Based Competitive Bidding (TBCB) to establish two transmission projects on a build, own operate and maintain (BOOM) basis for the evacuation of power from the Solar Energy Zones (SEZ) in Rajasthan. The first letter of intent dated February 16, 2021, has been issued to POWERGRID for the establishment of 765kV D/C transmission line and associated substation extension works in Rajasthan and Uttar Pradesh, under the ‘Transmission Systems Strengthening Scheme’ for the evacuation of power from Solar Energy Zones in

Rajasthan (8.1 GW) under Phase-II Part D. The second letter of intent also dated February 16, 2021, has been issued to POWERGRID for the establishment of a new 400/220kV Substation, STATCOM, and substation extension works in Rajasthan and also 400kV DIC Transmission lines which traverse in Rajasthan and Haryana. The project has been won under the same scheme ‘Transmission Systems Strengthening Scheme’ for the evacuation of power from SEZs in Rajasthan (8.1 GW) under Phase-II Part-F. In May 2020, PGCIL had issued a tender for the Statcom Package-I & II for the evacuation of 8.1 GW of power from solar

energy zones in Rajasthan. The projects were part of the earlier transmission projects the firm had won under Phase-II Part B1 of the Rajasthan SEZ work. In September 2020, the Cabinet Committee on Economic Affairs (CCEA), chaired by Prime Minister Narendra Modi, in a path-breaking reform, had approved monetisation of assets of POWERGRID through Infrastructure Investment Trust (InvIT) model. This is the first time any PSU in Power Sector will undertake asset recycling by monetising its assets through the InvIT model and using the proceeds to fund the new and under-construction capital projects.

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Torrent Power Bids Rs 555 Cr to Take 51% in D&N Haveli, Daman & Diu Discoms

orrent Power, the Rs 13,641 crore integrated power utility of the Torrent Group has announced that it has emerged as the highest bidder for the sale of 51 percent stake in the Power Distribution Companies (Discoms) in the UT of Dadra & Nagar Haveli and Daman & Diu. The acquisition of 51 percent stake in the power distribution company by Torrent is subject to further formalities as prescribed under the Tender documents. The bidding for the Distribution Business of the UT had been undertaken as part of the Government of India’s initiative to privatise distribution utilities of Union Territories to usher in efficiency, which will provide a model for emulation by other utilities across the country. India seeks to privatise the

Discoms for eight UTs for an enterprise value of around USD 700 million. Unlike the Discoms run by state governments, discoms for the Union territories are administered by the Centre. According to people aware of the developments, the firm submitted a massive

bid of Rs 555 crore to take up the majority share in the Discoms. Beating ReNew Power Ventures and Adani Group, with each bidding around Rs 450 crore and Kolkata-based CESC that bid around Rs 300 crore in the sale process run by SBI Capital Markets. Torrent Power currently distributes nearly 16.66 billion units to over 3.65 million customers in the cities of Ahmedabad, Gandhinagar, Surat, Dahej SEZ and Dholera SIR in Gujarat; Bhiwandi, Shil, Mumbra and Kalwa in Maharashtra and Agra in Uttar Pradesh. With the addition of Dadra & Nagar Haveli (including Silvasa) and Daman & Diu, Torrent will distribute nearly 25 billion units to over 3.8 million customers and cater to a peak demand of over 5000 MW.

EESL Tenders for 1,88,000 Smart Meters for 2 Discoms in Rajasthan

nergy Efficiency Services Limited (EESL) has issued a tender, inviting bids from eligible vendors for the procurement of 188,000 smart meters for deployment in the Jodhpur and Ajmer Discom areas of Rajasthan. The scope of work for the selected suppliers will include the designing, engineering, manufacturing, testing, inspection, packing, supply, transportation and insurance, delivery, handling and storage of the meters prior to their installation. The supplier must provide a replacement warranty for the smart meters for a period of 5.5 years (after supply) along with operational support post completion of the warranty period for the project duration of up to 10 years. It has been clarified that subject to meeting the terms and conditions stated in the

tender document including but not limited to pre-qualification criteria, 25 percent of the total quantity of the tender has been earmarked for Medium and Small Enterprises (MSEs). Further, out of the 25 percent

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target of annual procurement from MSEs 4 percent and 3 percent shall be earmarked for procurement from MSEs owned by SC, ST and women entrepreneurs. The last date for bid

submissions is March 3, 2021, and the techno-commercial bids will be opened on the same date. To be eligible for participating in the bidding process the bidders/ vendors should be a manufacturer of static wattmeters and energy meters for at least 3 years. And should have successfully supplied 56,400 AC static wattmeters and energy meters in the last three fiscals to any government department, public sector undertaking, or private company. Financially, the vendors should have an average annual turnover of at least Rs 14.2 crore in the last three fiscal years and should have been profitable in any two of the last three years. The bidder’s net worth in the last financial year should not be less than 100 percent of the paid-up share capital.

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Tariffs Rise to Rs 2.25/kWh in Rajasthan With NTPC’s 190 MW Solar Auction

ew Delhi-based independent power producer Rising Sun Energy has won with its bid in the latest NTPC auction for developing 190 MW solar power project(s) in the Nokh Solar Park in Rajasthan. According to industry reports, the firm was awarded the entire capacity of the tender i.e. 190 MW after it submitted the winning bid of Rs 2.25/kWh. Beating out eight other bidders in the range of Rs 2.47 and Rs 2.75/kWh, many of whom are established large-scale developers, and declined to reduce/ match their bids with the L1 bid submitted by the Delhi based IPP. In January, NTPC had issued the tender for the selection of solar power developers for setting up of the 190 MW grid-connected solar PV power project at the Nokh Solar Park in Jaisalmer, Rajasthan. It was revealed that the park was being developed through Rajasthan Solar Park Development Company [i.e. Solar Power Park Developer (SPPD)]. The last date for bid submission was February 10, 2021. And a pre-bid meeting was held on January 27, 2021. Interestingly enough, the tariff obtained in the latest tender is 12.5 percent higher

than the previous tender closed in the state. SECI had received (a then) record low bid of Rs 2 per kWh in the auction seeking developers for developing 1070 MW solar projects anywhere in the state under Tranche-III. It is believed that the condition of developing a project anywhere

and being developed inside a solar park is the reason for the increased tariff for the latest auction. Solar parks – which are designed with the objective of making it easier for developers to set up solar projects – usually being more expensive for developers when setting up projects.

PM Modi Kicks off key Solar and Transmission Projects in Kerala

rime Minister Narendra Modi recently inaugurated and laid the foundation stone of key projects of power and urban sector in Kerala. The two big projects are the Kasaragod Solar Power Project and the Pugalur – Thrissur Power Transmission Project. The PM kicked off the projects in the presence of Chief Minister of Kerala, along with Union Ministers of State (I/C) for Power and New & Renewable Energy, and

Housing & Urban Affairs, will also be present on the occasion.

Kasaragod Solar Power Project

PM Modi will dedicate to the nation the 50 MW Kasaragod solar power project. The project has been developed under the National Solar Energy Mission. Set up over 250 acres of land spread across Paivalike, Meenja and Chippar villages of Kasaragod district, it has been built with Central Government’s investment of

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around Rs 280 crore. The project has been commissioned recently by NTPC subsidiary THDC India.

Pugalur – Thrissur Power Transmission Project

Modi will also be inaugurating the 320 KV Pugalur (Tamil Nadu) – Thrissur (Kerala) power transmission project. It is a Voltage Source Convertor (VSC) based High Voltage Direct Current (HVDC) Project and has India’s first

HVDC link featuring state-ofthe-art VSC technology. Built at a cost of Rs 5070 crores, it will facilitate the transfer of 2000 MW power from the western region and help meet the growth in load for the people of Kerala. This VSC based system features integration of HVDC XLPE (cross-linked polyethylene) cable with overhead lines which saves right-of-way as well as has 35-40% less land footprint compared to conventional HVDC system.

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CESL Tenders for Commissioning and O&M of 70 MW Solar Systems in Goa

onvergence Energy Services Limited (CESL), a wholly-owned subsidiary of Energy Efficiency Services Limited (EESL), has issued a tender, seeking bids from eligible firms for setting up of 70 MW solar power generating systems (SPGS) across various locations across Goa. The project capacity has been divided into three lots of 25 MW, 25 MW, and 20 MW, respectively. The scope of work for the selected bidders will include the design, engineering, supply, construction, erection, testing and commissioning of 70 MW (cumulative) SPGS in Goa. The developers will also be required to provide operation and maintenance (O&M) services for the plants for a period of 12 years from the date

of successful commissioning. A pre-bid meeting was held on February 18, 2021, to address the concerns raised by the prospective bidders. To be eligible for participating in the bidding process, the bidders must have experience

of successfully installing a similar project in the last three fiscals, where the cumulative capacity should be more than 7.5 MW for Lot-I and Lot-II, and 6 MW for Lot-III. Financially, the bidders should have a minimum average

annual turnover of Rs 28 crore for participation in Lot-I and Lot-II bids, and Rs 23 crore for Lot-III, over the last three financial years. And the net worth as of the last day of the last financial year should not be less than 100 percent of the paid-up share capital. In December 2020, Nilesh Cabral, Minister for Power and New & Renewable Energy, Government of Goa, had inaugurated the first “convergence project”, which integrates the delivery of clean renewable decentralised energy with energy-efficient pump sets and LED lamps for rural homes, in Goa. Further, the foundation stone for a 100 MW solar project with pump sets and energy-efficient lamps had also been laid down by the Minister.

GE to Deliver 753 MW to Sweden With Europe’s Largest Single Onshore Wind Farm

E Renewable Energy along with Luxcara has announced an agreement to deliver 753 MW of onshore wind capacity with the Önusberget wind farm in northern Sweden. The project will be the largest single onshore wind farm in Europe and GE’s largest onshore wind farm contract outside of the US. Luxcara has already started infrastructure work, and GE will begin installing turbines as early as July of this year. Alexandra von Bernstorff, Managing Partner of Luxcara, said “we are proud to work with GE to build Europe’s largest onshore wind farm in the resourcerich north of Sweden. We were among the first to enter the Nordic wind market back in 2015 and this project re-affirms our position as the region’s largest long-term investor in the sector.”

GE renewable energy will supply 137 of its Cypress 5.5 MW turbines, a powerful turbine with a 158-meter rotor, ideally suited for the project site’s wind speeds and climate. The turbine blades will be equipped with an innovative ice mitigation

system, ensuring a stable level of availability and reduced downtime. The parties also agreed on a 25-year full-turbine maintenance and service contract. Jérôme Pécresse, President and CEO of GE Renewable Energy, said “we are delighted to have been selected by Luxcara to partner on the largest ever single onshore wind farm to be built in Europe. The Önusberget wind farm marks our continuous commitment to the Swedish onshore wind market, extends our presence in Europe and confirms the confidence of our customers in Cypress, our most powerful onshore wind platform.” The project with its sub-parks Kallamossen and Djupdal will produce enough power to supply electricity to the equivalent of more than 200,000 Swedish households per year and will save close to 1,000,000 tons of CO₂ over its lifetime.

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Lightsource bp Acquires 845 MW Solar Portfolio in Spain

ightsource bp, a global leader in the development and management of solar energy projects, has announced the acquisition of an 845 megawatt (MW) solar portfolio in Spain from Iberia Solar, a local solar developer and part of the Asterion Energies platform, a portfolio company of Asterion Industrial Partners. Lightsource bp and Iberia Solar will work in partnership to bring the project pipeline, which consists of five sites across the regions of Castilla la Mancha and Castilla y León, to “ready-to-build” status.

Lightsource bp will then lead the projects to financial close and begin construction in 2022. The signing of this partnership brings Lightsource bp’s total acquisitions for Q1 2021 to over a massive 1.9 GW, with the fiscal year for the firm just beginning. The announcement follows the acquisition of a 1.06 GW portfolio from RIC Energy and the recent award at a 12-year Contract for Difference (CfD) auction in Spain, both made public in January. Kareen Boutonnat, CEO of Europe and

International at Lightsource bp said “this deal brings our total acquisitions to almost 2 GW in 2021 alone. This is a clear demonstration that we came here to stay, and we are in an outstanding position to consolidate our foothold in Spain even further this year. Our Madrid-based team is currently Lightsource bp’s fastest-growing mainland European operation, and we’re actively recruiting to build out our presence. We look forward to working with Iberia Solar as our partnership enables us to continue to expand on our ambition of providing affordable and sustainable solar power for businesses and communities in Spain.”

Longroad Picks up 900 MW Solar Plus 1-2 GWh Storage Portfolio From First Solar

ongroad Energy, a US-based renewable energy developer, owner, and operator has announced the signing of the acquisition of Sun Streams 2, 4, and 5, which total approximately 900 MWdc in total solar capacity plus the potential for 1-2 GWh of battery storage projects in Arizona. Longroad has closed the acquisition of Sun Streams 2. The closing of Sun Streams 4 and 5 is subject to regulatory approvals and customary closing conditions. The projects were purchased

from First Solar. Longroad will also power its Sun Streams portfolio with First Solar’s responsibly-produced solar technology and has executed purchase agreements for 900 MWdc of Series 6 modules, of which 700 MWdc represent new bookings for First Solar. Sun Streams 2 is being constructed by McCarthy Building Companies and is expected to be operational in June 2021. Sun Streams 2 energy production is sold under a long-term contract. Sun

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Streams 4 and 5 are development projects with target operational dates of 2022 and 2024, respectively. Both projects are currently uncontracted and uniquely positioned to accommodate a variety of offtake structures, with or without storage. “Arizona is an important location for Longroad as we seek to bring competitive renewable projects to power buyers in the Western U.S.,” said Paul Gaynor, CEO of Longroad Energy. “The Sun Streams complex is ideally

positioned. It is adjacent to one of the most significant power hubs in the desert Southwest and California, the solar resource is excellent, and we have multiple transmission options with direct access to CAISO and the Southwest markets. We also have the ability to include a significant amount of energy storage capacity to make the assets even more competitive. We look forward to bringing the rest of the Sun Streams complex to fruition.”

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TruSpin Announces Breakthrough in Lithium-ion Battery Technology (Company Interaction)

ruSpin Nanomaterial Innovation, an advanced materials company engaged in battery technology, has announced the positive results of thirdparty tests evaluating the performance of the company’s prototype batteries. The tests, conducted by SpectraPower, validate the use of TruSpin’s silicon nanofibers to reliably multiply the energy capacity of Lithium-ion batteries. “These results provide further confirmation of our material’s ability to reliably augment the energy capacity of Li-ion batteries. The advent of this technology challenges previous time horizons for the widespread adoption of electric vehicles and clean energy sources,” said Robert Agnew, CEO of TruSpin. The firm uses a proprietary process to mass produce exotic compositions of nanofibers, a new type of material with useful properties. Their prototype batteries incorporate silicon nanofibers within the negative side of the battery, referred to as the “anode.” For years, scientists have known that using silicon this way increases

the energy capacity of batteries, but they’re challenged by silicon’s tendency to expand as the battery charges. Because of this, companies like Tesla use a relatively small amount of silicon in their batteries. A handful of startups focused on silicon anode technology offer other types of nano materials to increase the silicon content. They have attracted massive investments, but the complexities of their production techniques render these solutions economically impractical. TruSpin claims it is differentiated by its platform manufacturing process for affordably mass-producing nanofibers. While the approaches of other companies in the silicon anode segment involve engineering intricate silicon particles on the nano-scale, TruSpin’s production technique imparts the desired features to be innately embodied by the nanofibers. This enables the industrialscale fabrication of anodes containing silicon nanofibers as the primary constituent. “Before these tests, we believed that cells

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deploying TruSpin’s materials within the anode would increase capacity without the compromises normally associated with silicon. We proved it with these prototypes and further concluded that TruSpin’s silicon nanofibers can be expected to perform competitively with solutions offered by the leaders in silicon anode tech. That’s monumental. Now it’s time to prove the upper limits of performance in cell architectures optimized for specific use cases,” Agnew said when asked about the firm’s near-term and long-term goals. “That means prototyping with both feet on the gas. Hopefully, this will be in collaboration with a major stakeholder in battery tech- a company that stands to gain a competitive advantage by improving the performance of the batteries used in their products. In the long term, it’s all about proving the engineering pathway to industrial-scale production. We’ve accomplished every goal we’ve set so far by driving hard to hit milestones with deadlines a larger firm wouldn’t dream of. Expect more of the same,” he told Saur.

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Vegas-based Barrel Energy Signs MoU for Lithium Battery Production in India

as Vegas-based Barrel Energy, an energy and minerals sector player, has announced that it has signed a Memorandum of Understanding (MoU) to enter a partnership with Roshan Energy Technologies, located in Hyderabad, India, for Lithium Battery development and production in India and North America. As part of the venture, Barrel will become a majority stakeholder in Roshan providing it with a platform for expansion into the massive Indian market and into international markets. The two firms plan on establishing a US-based manufacturing unit for key battery designs within Roshan’s line of Lithium products. A joint R&D division will be developed in conjunction with Barrels’ Nevada Tech Center as part of the partnership. Roshan’s

Ashok Shukla, a professor emeritus with 40 years’ research experience of specialised batteries and over 350 published technical papers will lead the team with the aim of designing customised solutions for battery development, improvement, and recycling. As part of this transformative deal, Roshan and Barrel will first establish

a Lithium Battery Manufacturing facility in India. Plans for the facility with a threephase rollout of powerful products has been in development by Roshan’s CEO and engineering team leader, S.A. Gaffoor. A veteran electrical engineer and entrepreneur, he over 25 years in designing and developing industrial battery products and holds 10 patents for advanced battery technologies. Roshan has already developed strong partnerships in China with deals with Guangzhou Great Power Energy & Technology Co. and Suzhou Chilwee New Energy Power Technology and has an impressive line of Lithium Battery products for EVs, medical equipment, solar street lighting, the telecom industry as well as medium and large energy storage.

Epsilon Gets Qualified as Anode Precursor Supplier for Li-ion Batteries

psilon Advanced Material, a leading domestic manufacturer of advanced cell chemistry materials and a subsidiary of Epsilon Carbon, has received an initial order for its Anode precursor material from two top anode makers in Japan and China. Globally synthetic graphite has a 60 percent market share in the anode material space. With these positive results, Epsilon is successfully qualified as a supplier in the global Lithiumion (Li-ion) battery supply chain. This is in line with Epsilon Carbon’s broader strategy to become the world’s first vertically integrated and sustainable anode material producer in the Lithiumion battery supply chain with a plan to expand synthetic

graphite capacity to 35,000 MT by 2025. The company is targeting sales volumes of 10,000 metric tonnes of anode precursor material in FY22 with exports being a significant contributor of the sales. The firm is also in the advanced

stages of getting its material qualified with upcoming cell manufacturing facilities in US and Europe. Vikram Handa, Managing Director of Epsilon Carbon said “Technical performance anode makers has shown that Epsilon FEB RUA RY 20 21

material is highly suited to support cell-makers in developing longer range & quick charging batteries. This has been also been appreciated by the Battery Electronic Vehicle (BEV) segment. Anode manufacturing is an essential part of the battery supply chain. Epsilon Carbon with our sustained backward integration of raw material is best placed to support increase this value addition for Indian-based battery/ cell manufacturers while continuing to service our Global clients’ demand.” With the growing acceptance of electric vehicles, the Li-ion battery is likely to dominate over the next decade. Many countries have announced plans to set-up battery making Giga factories to support their mobility and energy storage needs of 2600 GWh by 2030. SAUR ENERGY INTERNATIONAL

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4789 MW RE Capacity Sanctioned Under Component A of KUSUM Scheme

nion Minister for Power and New & Renewable Energy RK Singh has detailed that under Component-A of the Pradhan Mantri Kisan Urja Suraksha evam Utthaan Mahabhiyan (PM-KUSUM) scheme 4789 MW of renewable energy (primarily decentralised solar) capacity has been sanctioned across farms in India. While answering a question in the Lok Sabha, Singh said that the Scheme has been created with the objective of helping provide water and energy security to farmers and also enhances their income through installation of standalone solar pumps, solarisation of existing gridconnected agricultural pumps and allowing farmers to install grid-connected solar power plants up to 2 MW on their barren/ fallow land for selling power to the electricity distribution companies (Discoms). The minister also clarified that as of November 4, 2020, the renewed target capacities under the three components of the scheme are: Component-A: 10,000 MW of Decentralized Ground Mounted Grid Connected Renewable Power Plants Component-B: Installation of 20 lakh standalone Solar Powered Agriculture Pumps. Component-C: Solarisation of 15 Lakh Existing Grid-connected Agriculture Pumps. The minister also provided data on the state-wise capacities sanctioned under the Scheme so far, which are currently under various stages of implementation. The data shows that so far 4789 MW capacity has been sanctioned Component-A across India. Taking a deeper look in the numbers shows that 9 states accounted for 4445 MW or roughly 93 percent of the total sanctioned capacity in the country. Of this, Rajasthan leads every other state by a considerable margin when it comes to sanctioned capacity under Component-A with 1200 MW so far, with the secondhighest capacity being 500 MW held by five other states (Telangana, Odisha, Maharashtra, Karnataka and Gujarat). Behind these six states, there are 22 states and UTs that are yet to make a move in this

direction with sanctioned capacity =< 10 MW so far. The data also revealed that under Component-B (installation of 20 lakh standalone solar powered agriculture pumps) 3.7 lakh installations are under development. Maharashtra with 100,000 standalone pumps sanctioned/ installed is the clear leader in the country. Behind Maharashtra is Rajasthan with 75,000 pumps sanctioned and the central state of Madhya Pradesh with 60,000. Under Component-C, for Individual Pumps Solarisation, the ministry data shows that 77068 have been sanctioned. While for Feeder Level Solarisation, 167,5000 have been sanctioned so far and are currently under different phases of development. Rajasthan with 37,500 leads in the Individual Pumps category, while Maharashtra and Karnataka with 50,000 each lead in the Feeder Level category. Answering a separate question on whether the scheme has been converged with Pradhan Mantri Krishi Sinchayee Yojana (PM-KSY) and Agriculture Infrastructure Fund, the Minister also said that “the Department of Agriculture and Farmer Welfare is implementing Agriculture Infrastructure Fund (AIF) and “Per Drop More Crop” component under PM-KSY.

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These instruments respectively focus on enhancing the availability of financing to farm infrastructure and enhancing water use efficiency at farm level through Micro Irrigation systems. “Directions have been issued to States to enable convergence of these instruments with PM-KUSUM Scheme. If a group of farmers organised as a self-help group/joint liability group/water user association and similar other forms for availing benefit under Component “B‟ and “C‟ of the KUSUM Scheme, they are also eligible for availing interest subvention facility of AIF. However, separate allocation of funds has not been made for convergence projects.” Finally, the minister also detailed that under Component-C of the scheme provision of Feeder Level Solarisation has been included for which detailed guidelines were issued on December 4, 2020. In feeder level solarisation, solar plants can be installed through RESCO/ CAPEX model for feeding power to single or multiple agriculture feeders for which Central Financial Assistance (CFA) of 30 percent of the cost of the solar power plant is provided considering the cost of the solar power plant as Rs 3.5 crore/MW. There is a provision of a higher CFA of 50 percent in the case of northeastern states, hilly states/ UTs, and island UTs for implementation through CAPEX model.

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Hope Rules Over Policy as PM Modi Harks to 40 GW Rooftop Solar by 2022

f there was ever a case of hope triumphing policy for India’s struggling rooftop solar sector, then PM Modi’s statement on the country reaching 40 GW of rooftop solar by 2022 must come as a massive boost. Or maybe the industry is simply smarter than that. For out of the 100 GW solar target for 2022, where rooftop solar was to account for 40 GW, it is the utility space that seems set to achieve its 60 GW number and more, rather than rooftop getting anywhere close to its target. For quite simply, the 40 GW number has been all but shelved by every arm of the government that matters, from the Power Ministry to the MNRE to officials pronouncing on the sector’s future. And they have done it with good reason. A combination of factors has ensured that solar rooftop never quite took off as utility solar did, and despite ‘dream’ conditions for a boom for the past year, in the form of pent up demand as well as lower prices (and hence lower subsidy costs), the numbers simply haven’t moved much. The factors dragging it down have ranged from discom apathy (which deserves detailed articles for the many ways discoms have found to stifle

it), open-access policies, DCR rules, subsidy payout processes, and finally, financing of course. It’s interesting that on the same day as the PM mentioned the massive 40 GW number after a couple of years, MSME minister Nitin Gadkari chose to write to his colleague and MNRE and Power Minister, R.K. Singh on the latest policy shift that has hurt rooftop prospects. While writing specifically to highlight the plight of integrators in the Vidarbha region in his home state of Maharashtra, Gadkari spoke for integrators across almost every key ‘solar’ state when he stated that the recent notification on limiting net metering to projects of 10 KW and below would hurt the sector very badly. The C&I segment, where most installations are over 10 KW, is set to be hit most by this step. While net metering allows grid-connected solar rooftop plant owners to supply and receive power from discoms through the same meter and pay only for extra units consumed, under the gross metering norms for plants over 10 KW now, power sold back to discoms is usually at a far lower rate than what it is brought for from the same

discoms. In his letter to Power Minister Singh, Gadkari has highlighted that the move would discourage MSME firms from going for solar, at a time many were keen on it. Many state discoms have already made a push to selectively pick the matter of 10 KW limits even as they ignore other key recommendations made in the same notification on rules for power consumers. As expected. Now that PM Modi has announced the 40 GW target yet again, one can only hope that there is a new resolve and plans to get there, and not just a speechwriter’s mistake of rehashing the original target number, without quite realising that this particular target is close to impossible to achieve now. If there is a plan, it could only be excellent news for the thousands of solar installers, and Indian manufacturers who stand to benefit from a new push. Of course, we would not be surprised if numbers achieved under the PM KUSUM scheme by 2022 for instance, are eventually counted under this number, even though the PM mentioned that 30 GW figure separately in the same speech.

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3d Incise Solar Garden Lamp This is a made in India lighting solution that uses solar radiation to light up garden pots, pathways, etc.

Description:

It has a solar panel on top, a rechargeable battery to charge-up the power LED, It provides an excellent moon light effect and being wireless makes it very handy and easy to use anywhere without any additional efforts.

How to Use:

One has to only sink the Solar Garden Lamp spike into the preferred spot which receives ample sunlight during the daytime. Push On button provided once and it will automatically set ON and OFF at sunset and sunrise.

Area of use:

Garden Pots

Garden pathways Resort pathways Fancy Lighting

Colour Available:

1. WHITE 2. YELLOW

Price:

starting at Rs 350, the lamp is currently available on Indiamart, even as the manufacturer seeks more distributors.

MiTo - Solar Powered Smart Water Bottles Product Brief: Are you the type who forgets to drink water in time, or stay hydrated? Then Mito’s solarpowered smart bottle provides a smarter and greener way to hydrate. Mito reminders supplement your natural thirst function to ensure you are always hydrated. The stainless steel bottle also hopes to decrease use of plastic water bottles, while its snazzy features make the bottle stand out.

PRODUCT FEATURES:

It is solar powered, so you get a temperature display for your water. It also gives you reminders every 45 minutes, to drink up. And a companion app will even measure your water consumption for you.

AVAILABILITY:

he Mito bottle is available in various models for INR 1,822; INR 2,595; INR 3,975 and in dual packs also, on the firm’s website

The VEGAN Electric Self-Charging Solar Tricycle

Product Brief: World’s lightest weight multipurpose electric & solar-powered tricycle, made from lightweight fiberglass & aluminum, which also recharges as it moves, for a maximum range of 120 km per charge.

PRODUCT FEATURES:

a claimed range of 120 km+, and can carry a fully charged battery to be swapped to double the range to over 240 km. It is the lowest weight multipurpose tricycle ever designed; with a high strength threshold and a lowered production cost which results in better efficiency & of course, affordability. Producing an average speed of 30 km/h & a top speed of 70 km/h by increased acceleration through an internal gear hub, and of course has zero carbon emissions.

PRODUCT APPLICATION:

Light weight solar powered tricycle with a capacity of four passengers.

Equipped with self-charging and solar, it has

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PRODUCT BENEFITS:

Operates on 100% solar power or electricity from the grid & self-charges as it moves. It uses a simplistic cost-effective design & materials to come up with a aerodynamic, high-efficiency vehicle with a minimum unit cost. A built-in GPS tracking system & safety features, including a 12V AC outlet for your gadgets such as Bluetooth speakers & charging your phone complete the package.

AVAILABILITY:

The product is available in various options; INR 18,397; INR 36,794; INR 55,192; INR 73,589. It is available at firms website

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PediCurve Solar: The Future of In-Home Pedicure & Hygienic device - its 100% Solar Charged.

PRODUCT FEATURES:

PediGlass Disc, along with solar power has been used to make it. PediGlass Discs are chemically etched with craters on the glass which easily removes softened skin and leaves your feet feeling soft and smooth. PediCurve Solar features solar-powered charging, which means no batteries, cords, wires or adapters. PediCurve Solar is long-lasting, sustainable and durable, too with one year warranty.

Product Brief:

In-Home pedicure with an Efficient, Healthy

PRODUCT APPLICATION:

In-home solar treatment.

powered

pedicure

PRODUCT BENEFITS:

Gentle on your skin. Use it in the shower on softer skin. Solar powered, no need for batteries. Hygienic and efficient with patented PediGlass disc. Reduces waste and lower cost of ownership compared to disposables.

AVAILABILITY:

The product is available in various options; INR 5,265; INR 5,532; INR 7,585; to INR 12,671. It is available at firm’s website.

Solar Charger - The Bracelet PRODUCT BRIEF:

A solar charge in form a 3600 flexible solar cell - bracelet

PRODUCT FEATURES:

It is Very light and strong with a Rechargeable Battery 3000mAh. Comes with a Mini two-color LED. Have 8GB storage for your data and comes in Different color versions.

PRODUCT APPLICATION:

Expose your bracelet on any light source and you’ll be able to charge your mobile device.

PRODUCT BENEFITS:

ou will be able to recharge your mobile device with this bracelet. You can use every light source to recharge your bracelet.

AVAILABILITY:

The product is available on the e-commerce website for INR 11,038

WeeyLock- Solar-Powered Smart Bike Lock PRODUCT BRIEF:

both smartphone keyless entry and key fob unlocking.

PRODUCT FEATURES:

A smart solar powered anti-theft bike lock.

WeeyLock is the smartest solarpowered bike lock ever made. WeeyLock comes with a Smartphone unlock and Key fob unlock. It has a theft alert alarm. Being solar powered, it performs self-charging, and it also has GPS tracking system and records the cycling data as well. WeeyLock is waterproof. Weeylock supports

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PRODUCT APPLICATION: PRODUCT BENEFITS:

Leave your bike to Weeylock and enjoy a carefree riding experience.

AVAILABILITY:

The product is available on firm’s website and on retail.

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Assistant Manager(Sales and Marketing)

Senior Executive (Sales and Marketing)

Position: Assistant Manager–Sales and Marketing (Solar PV Business)

Position: Senior Executive – Sales and Marketing (Solar PV Business)

Superior: Lab Manager

Superior: Assistant Manager –Sales & Marketing

Location: Delhi, India

Location: Mumbai & Hyderabad, India

Job Purpose • Marketing and brand promotion. • Business Development for Solar Advisory Services (testing services – BIS and others, technical due diligence services, consulting services).

Job Purpose • To assist the ‘sales and marketing’ function for successful execution of the strategies. • To assist in business development process, marketing process & other lab related activities.

Roles and Responsibilities: 1.Marketing of Lab services • Execute marketing strategy for promoting Mitsui Chemicals brand to developers, manufacturers and govt. bodies. • Participate in important conferences and seminars for brand promotion activities. • Build relationships with various stakeholders. 2.Business development and Sales • Execution of sales strategy and sales promotion. • Track of tenders for bidding. • Periodically reporting of the development activities. 3.Sales & Marketing Strategy • Gather market information and marketing insights. • To create marketing strategy based on customer profile and industry. • To design pricing strategy after analysing all factors. 4.Leadership • To co-ordinate with team members and align sales process. • To contribute towards development of skills of fellow employees. Job Requirement: • Post-graduate/ Graduate engineering degree in a relevant technical area (B.E / B.Tech or M.Tech) • Business Management graduateswillbepreferred. • Professional experience of 2-4 years of sales, marketing & business development in solar testing, advisory and consulting industry. • Excellent presentation skills and understanding of the business. • Knowledge in the certification, production and testing of PV modules • Computer skills in MS Office and general documentation tools. • Excellent team player. • Must be proficient in English. • Ability to work according to industry norms and standards to ensure high level of quality. How to Apply : Interested Candidates can directly share their resume on Email:J ayeshwari.bamezai@mitsuichemicals.com , shortlisted candidates will get a call or email from HR Team for further interview process.

Roles and Responsibilities: 1. Sales &Business Development • Meeting customers for execution of sales strategy and sales promotion. • Manage key accounts of the territory. • Develop relationships with influencers and decision makers. • Periodically reporting of the development activities. 2. Marketing strategy • Gather key market information of customers, competitors and govt. bodies (BIS, MNRE etc.) • Participate in branding activities at conferences and seminars. • Support in creating marketing tools such as brochures, presentations which aligns marketing strategy. 3. Other Responsibilities • To assist and learn from customer meetings, interactions, visits etc. • To get involved in all the processes followed in the lab (technical & commercials) Job Requirement: • Post-graduate/ Graduate engineering degree in a relevant technical area (B.E / B.Tech or M.Tech) • Business Management graduateswillbepreferred. • Professional experience of 1-2 years of sales, marketing & business development in solar testing, advisory and consulting industry. • Excellent presentation skills and understanding of the business. • Must have good technical knowledge, should be an initiator. • Self-motivated and must have willingness to learn. • Computer skills in MS Office and general documentation tools. • Must be proficient in English. • Ability to work according to industry norms and standards to ensure high level of quality. How to Apply : Interested Candidates can directly share their resume on Email: Jayeshwari.bamezai@mitsuichemicals.com , shortlisted candidates will get a call or email from HR Team for further interview process.

Project Manager (Solar) - Larsen & Toubro Larsen & Toubro is a major Indian multinational in technology, engineering, construction, manufacturing and financial services, with global operations. The Company addresses critical needs in key sectors - hydrocarbon, infrastructure, power, process industries and defense. L&T was the first company in India in the engineering & construction space to publicly disclose its sustainability performance. Our Integrated Report, which tracks the sustainability performance of

the organization and its inter-connectedness with the financial performance, showcases how L&T is adding value to its stakeholders.

and within budget as projected while ensuring that our work adheres to all company safety policies and OSHA-mandated requirements.

Job Location: India

Eligibility Criteria: • A graduate degree in B.E/ B. Tech in Electrical engineering. • Experience required: 15 + years of Execution expert in solar projects.

Job Description: Project Management Oversees Renewable Energy projects from commencement to completion and manages projects in a manner that exceeds our customers’ expectations and delivers every project on time

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Apply at: https://cutt.ly/DlRK70H

PROVIDING COMPLETE TURNKEY

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India's Most Experienced Fully Integrated, Technology, Application and Knowledge Engineering Group with end to end O & M Capabilities. Cell Manufacturing

Module Manufacturing

Wafer

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Bergen Solar Power and Energy Limited

floor, Plot No. 21, Institutional Area, Sector 32, Gurugram, Haryana, India-122018|Tel : +91(0124) 4986400-416 | Fax : +91(0124) 4986405 Email : pv@bergengroupindia.com |Web : www.bergengroupindia.com nd