Saur Energy Magazine June 2018 by Saur Energy International

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SAUR ENERGY I N T E R N A T I O N A L DCP LICENSING NO. F.2(S-29) PRESS/2016 I VOL 2 I ISSUE 10 I TOTAL PAGES 64 I PUBLISHED ON 1ST OF EVERY MONTH

SOLAR MANUFACTURING IN INDIA Damian Miller CEO, Orb Energy

Basant Jain CEO, Mahindra Susten

1111, 11th floor, Unitech Arcadia, South City-2, Sector-49, Gurgoan-122018 Mobile: +91-9871115441 | Landline: Direct (0124)-4377220 | Landline Office: (0124)-428990 | pawan@raditeenergy.com | info@raditeenergy.com

SAUR ENERGY I N T E R N A T I O N A L

Letter from the editor

EDITOR MANAS NANDI manas@meilleurmedia.com

DIRECTOR MARKETING PRATEEK KAPOOR prateek@meilleurmedia.com

ASSOCIATE EDITOR NILOY BANERJEE niloy@meilleurmedia.com

SUB EDITOR

CHINESE BRAKES MAY HELP INDIA GAIN MOMENTUM

MANU TAYAL manu@meilleurmedia.com

China’s domestic solar industry is witnessing a downturn, the Chinese government

SUB EDITOR

has halted the allocation of quotas for new projects till further notice. It has also

ZULKARNAIN BANDAY zulkarnain@meilleurmedia.com ASTT. MANAGER MARKETING AMIT ASHISH sales@meilleurmedia.com

DESIGN HEAD JITENDRA SAGAR

brought down clean-energy tariffs by at least 6%. This measure is aimed at promoting the solar energy sector’s sustainable development, enhancing its development quality and speeding up reduction of subsidies. It will also help bring down the 100 billion yuan (around $15.6 billion) deficit in a state-run renewable energy fund.

WEB DEVELOPMENT MANAGER

This is welcome news for India, coming at a time when the country is striving hard

JITENDER KUMAR

to achieve a target of 100 gigawatts (GW) of solar power capacity by 2022.This is

WEB PRODUCTION

mostly because a slowdown in China’s solar industry could result in a fall in solar

BALVINDER SINGH

SUBSCRIPTIONS KULDEEP subscription@meilleurmedia.com

panel costs globally. Nearly 90% of solar modules used in India are imported, predominantly from China. This Chinese decision may delay India’s first ever auction to build solar factories. This was issued last month to seek bids to set up 5

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.

gigawatts of solar manufacturing facilities in the country. The winner would be

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.

are in India.

permitted to build a generation project double the factory’s capacity. Already India is emerging to move ahead of China in some segments. Although China is far ahead in terms of overall solar power capacity, India leads in terms of setting up new solar parks—five of the top 10 largest ones under construction in the world However, there’s a verso to this. It could mean that tariffs in India’s next solar auctions, scheduled for mid-June, may fall further below the record-low Rs2.44 per. Lots more inside! Happy reading.

ManasNandi

manas@bisinfotech.com

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Cover Story 18

SOLAR Scorchio - Solar energy is on the up So too are associated O&M costs

MANUFACTURING SCENARIO OF INDIA

DAMIAN MILLER

BASANT JAIN

CEO | ORB ENERGY

CEO | MAHINDRA SUSTEN

FINANCE

Adequacy of Transmission Infrastructure Critical, Says ICRA

Chhattisgarh Envisions 600 MW Capacity Solar PV Installations

India May Not Achieve 100 GW Target by 2022: Report

ADB Okays $1.5 Mn Grant for Nigeria's On-Grid IPP Solar Procurement Program HNPCL Acquires Mumbai-Based Solar Firm for Rs 1,000 Cr

India to Have Second Largest Power Capacity in Asia This Year Cabinet Okays India, France MoU on Renewable Energy

JUNE 2018

SAUR ENERGY INTERNATIONAL | VOL 2 | ISSUE 10

Dwarka Housing Society Gets First Grid-Connected Rooftop Solar Plant

Renewable Energy Industry Creates 5 Lakh New Jobs Globally

Risen Energy Gets Financing from EBRD for 63MW Solar Project in Kazakhstan

Financing INDIAN SUN

TECH

INVERTER

Eastman Auto Launches E-Rickshaw Awareness Meets in West Bengal

Highest Power Density for 650V IGBT in Surface Mounting D2PAK

Sungrow to Supply over 50 MWh ESS Solutions to North America

PROJECTS 22

STORAGE

MILESTONES

China Successfully Tests Battery for Renewable Energy Storage

Azure Power Headquarter Gets LEED Platinum Certification from USGBC

Canadian Solar Commissions 35 MWp Open Access Solar Project in Karnataka

KSEB, NTPC Ink Pact for Increasing Solar Power Generation

Eastman's Maintenance-Free Gel Batteries Successfully Hits Energy Storage Market

Freyr Energy Bags Award for Rural Electrification in Tribal Areas from C&I Ministry

SAUR ENERGY INTERNATIONAL | VOL 2 | ISSUE 10

07 JUNE 2018

UPDATES

Eastman Auto Launches E-Rickshaw Awareness Meets in West Bengal Energy storage and solar solutions provider company Eastman Auto and Power Ltd (EAPL) has launched first of its kind e-rickshaw awareness drives in 10 districts of West Bengal. The company’s aim behind the campaign is to create awareness about the usage of e-rickshaw batteries and apprise the stakeholders i.e. e-rickshaw owners and trades, of the factors that affect the performance of these batteries.

Marketing and Product Strategy, Saurabh Srivastava said, “This innovative campaign has been conceptualized with an objective to sensitize relevant stakeholders about the benefits of using the e-rickshaw battery. E-vehicles are the future of India’s energy roadmap. The campaign is closely aligned to our vision to play an instrumental role in reducing the country’s carbon footprint.”

EAPL has chosen West Bengal as the epicentre of the initiative as the state already has a burgeoning e-rickshaw population.

Beginning from Berhampur, the campaign has embraced cities such as Katwa, Bardhaaman, Howrah, Barasat, Midnapur, Siliguri, Cooch Behar and Nadia in West Bengal.

Commenting on the development, Eastman Auto & Power, President,

As a part of the campaign, attendees were made aware of technical know-how

in handling an e-rickshaw battery, maintaining battery health and taking preventive actions to prolong battery life and performance. In future, the company also plans to initiate this campaign in major rerickshaw pockets such as Ghaziabad, New Delhi, Varanasi, Dehradun, Allahabad, Lucknow and North-Eastern states. Currently, there are over 2 Million erickshaws plying on Indian roads. The erickshaw market has seen a triple-digit growth in the last three and a half years from 40,000 units in 2012 to about 2 million units presently.

E-buses Set to Ply on Kolkata Roads Next Month

Hyderabad Metro Stations to Power with EV Charging Points

To implement the symbols of future mobility, West Bengal Transport Corporation (WBTC) has decided to run 80 e-buses for trial purpose. The aim is to curtail noise and air pollution levels in the state.

In a move to go green and provide eco-friendly services, L&T Metro Rail (Hyderabad) will soon be going to setup electric vehicle (EV) charging points at the Metro stations.

Although the buses will ply on roads in phases WBTC will add more e-buses to the transport of the state in future. The symbols of the future mobility would not require any conductors for fare collection as the state has introduced the automatic fare collection system. Also the environment-friendly buses have potential to replace diesel-run buses that face lot of criticism from National Green Tribunal. There are around 20 lakh vehicles in Kolkata city. Around 10 lakh of the total vehicles plying are run by diesel. To charge the batteries of the buses 30 chargers is setup for the terminals and for emergency routes 10 turbo battery chargers is being setup in near future. Also rooftop solar cells on buses are under consideration that can charge the batteries while buses are plying. Routes are being set in such a way that a full charged battery in a bus can make three round trips. Although the running and maintenance charges are low but the cost of the buses is higher than the normal ones.

In a release LTMRHL said that, a contract had been signed with the Power Grid Corporation of India (PGCIL) to promote EV charging stations at metro stations. “To start with, powergrid shall develop charging stations at Miyapur and Dr. B R Ambedkar Balanagar Metro Stations,” the release added. Besides, power grid shall subsequently develop EV charging stations across the entire metro corridors. Commenting on the development, LTMRHL, MD & CEO, KVB Reddy said that, “We are committed to provide best in class ecofriendly green Metro services to the citizens of Hyderabad and this is a step in that direction.” Further, Hyderabad Metro Rail Project is the world's largest Public-Private Partnership Project (PPP) in the Metro sector. Meanwhile, the Hyderabad Metro Rail Network will cover a total distance of around 72 Km across three corridors i.e. Corridor-I from Miyapur to LB Nagar; Corridor-II from JBS to Falaknuma; and Corridor-III from Nagole to Shilparamam.

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15 JUNE 2018

TECH

UPDATES

Scorchio - Solar energy is on the up So too are associated O&M costs

The Early May Bank Holiday weekend saw record temperatures across the UK, with many southern and eastern counties experiencing hotter weather than the Mediterranean. Such was the weekend heatwave that solar power transpired to be the dominant energy source between 12.15 and 3.15 on the Sunday, producing more power that the conventional energy generation sources, including gas - coal didnâ&#x20AC;&#x2122;t feature at all. With the long-range forecast also looking promising for the summer, its highly likely that solar energy will come into its own once again. Although solar energy delivers significant eco-friendly advantages over its fossil fuel counterparts and climate change is creating near-perfect conditions for large scale solar farm deployments, some countries with guaranteed sunshine are still not embracing this grid-free energy source as rapidly as they might. Balearics generate only 4% of their total power from renewable energy sources Take the Balearics, for example; even though they benefit from abundant sunshine for most of the year, Mallorca, Menorca, Ibiza and Formentera generate only 4% of their total power from green energy and have some of the lowest renewables figures in Spain. Even in India, a country that has ambitious plans to increase its renewable capacity from around 57GW in May 2017 to 175 GW by the end of 2022 (100GW of which will come from solar PVs), is still reliant on coal for nearly 60% of its energy

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SAUR ENERGY INTERNATIONAL | VOL 2 l ISSUE 10

mix. Capex and Opex barriers Even though solar power ticks all the sustainability and low carbon boxes and vast sums of money are being poured into the solar energy market, (the MENA region alone is investing $4.75bn into solar energy over the next 5 years), there are still two major hurdles that need addressing if this eco-friendly energy source is to economically hold its own against fossil fuel and nuclear power: Ĺ¸ Capex challenges The rollout of large solar farms on the scales needed to be a competitive and reliable electricity source requires significant up-front investment, for the glass PV modules themselves and for the land on which they are installed. Governments are pulling their austerity purse strings ever tighter and industries like the renewable energies ones often bear the brunt of spending cuts because: a) renewables have historically been heavily subsidised and B) ROI rates pose greater risks. Ĺ¸ O&M challenges A much greater barrier to overcome, however is ongoing O&M. Solar PV modules are manufactured from fragile crystalline silicon, a material that is easily damaged, susceptible to ageing and requires regular cleaning to ensure optimal performance.

UPDATES The amount of cleaning needed is of course determined by geographical location and its associated climate; solar PV modules installed in arid deserts in the Middle East, for example, are subject to wholly different environmental conditions compared to those installed in the temperate climates of northern Europe, and this in turn impacts overall cost. Regardless of location, it’s a never-ending battle to keep solar PVs free from dust, sand and animal waste build-ups because dirty modules can result in power output losses of up to 20%, which not only impacts profitability but hinders the perceived benefit of solar energy in the first place. Streamlining O&M processes One way to reduce the exorbitant O&M costs associated with solar energy is to apply a self-clean coating to the PV modules themselves but many existing solutions are not all they’re cracked up to be, and large-scale solar farms are still having to deploy labour-intensive and time-consuming maintenance processes. However, the solar module cleaning dilemma could potentially be eliminated thanks a disruptive approach to industrial coatings manufacture, being pioneered by a consortium of companies, scientific researchers and academic institutions, including Opus Materials Technologies.

TECH

Solar Sharc– a materials by design approach to effective solar PV coatings The consortium has been awarded almost £4m in UK and EU funding to take Solar Sharc novel new coating based on nanotech particles to market. Solar Sharc can be incorporated into conventional coating materials, resulting in a highly robust and durable coating that repels external pollutants such as sand, salt or ash, thus making it mechanically resilient to environmental ageing. Field trials underway at a number of locations across the globe, including Saudi Arabia, Italy, Dubai and the UK are already demonstrating that Solar Sharc offers the potential to optimise the energy generation of large-scale solar farms because it eliminates the need for manual cleaning. Solar Sharc is based on the principles of “materials by design” which means its chemical properties can be fine-tuned according to geographical location or climate condition, a key factor from a performance, operational, and economical perspective, thus making deployment more effective and efficient in the longer term. Visit www.SolarSharc.com to follow the development of the newest ground-breaking solar PV coatings as it is taken out of the lab into the real world.

SAUR ENERGY INTERNATIONAL | VOL 2 l ISSUE 10

17 JUNE 2018

COVER

STORY

SOLAR MANUFACTURING SCENARIO OF INDIA

JUNE SAUR ENERGY INTERNATIONAL | VOL 2 l ISSUE 10 2018

STORY

he incredible growth shown by Indian solar market is unmatching and an important for sector where the country can excel. Initiatives` like International Solar Alliance by India and multiple schemes that benefit the industry have been put in place. If fully harnessed the industry has a strategic importance for the country as it can save upto $20 billion fossil fuels imports annually by 2030. Similarly, the manufacturing sector of the industry has a potential of creating 50,000 direct and 125,000 jobs in next 5 years and at the same time it can save the country with USD 42 billion in equipment imports by 2030. However, everything is not hunky dory in the manufacturing sector of the industry.

COVER

The giants like China and US have already dominated the supply chain of the solar products and are moving ahead with vigour and gusto. India is lacking behind massively in the field due to various reasons. Manufacturing companies of the countries like China, US, Taiwan and Malaysia are aggressively churning out the material with their respective government fully supporting in almost everything. Right from the low interest loans and guarantees to capital subsidies, the governments of these countries are supporting the manufacturing companies in acquiring land, R&D and Tax Breaks, which unfortunately is not the case in India.

SAUR ENERGY INTERNATIONAL | VOL 2 l ISSUE 10

19 JUNE 2018

COVER

STORY

India has indeed a huge potential in the sector but it is important for the country to match or be at par with the global players. However, the current scenario of module manufacturing in India is not quite impressive. The total module manufacturing capacity of the country is 5,286 MW. However, according to Ministry of New and Renewable Energy (MNRE) most of the capacity is subscale, obsolete and uncompetitive. This has led to the massive imports of the modules from countries like China, Taiwan and Malaysia. China takes the lion’s share at 84% of the total 88% of the module imports to the country. Although there are some policies and incentives that central along with state governments are offering to manufacturers, but the lack of manufacturing policy is really denting the sector and discouraging the new players to enter in the sector. It is really important for the government to give special attention to the sector. Given the fact that India relies on imports the local manufacturing has to be priority of the government. First let us put together why it is important for government to support the industry. Although, government’s manufacturing policy recognizes solar manufacturing as the industry of ‘strategic importance’ however the vows of manufacturers are not addressed yet. According to the data from 2017 the utilization of Indian made solar equipment is only 21% which forced 40% of the total Indian solar cell manufacturers to shut down. The industry suffered because of global over-supply of the equipment in the market. Not only Indian companies but some of the overseas giants have also suffered loses. One of the leading solar power equipment manufacturer Indosolar has declared loss of Rs 330 crore in last couple of years. Similarly, companies like Moser Baer which manufacturers solar cells had posted its loss at Rs, 3800 crore. The story for loss of Tata BP Solar, Lanco Solar, HHV Solar Technologies, Jupiter Solar, WebSol Energy Systems

JUNE SAUR ENERGY INTERNATIONAL | VOL 2 l ISSUE 10 2018

and others is no different. Almost all of these companies have sharply reduced their production capacity. Similarly, there are companies like Oderdun, a German based company that manufactures thin-film and Solyndra, a US based manufacturer have declared bankruptcy. At the same time those still standing their feet are selling their products very cheaply. The Chinese manufacturers are however not in trouble, given the fact that the government has put $40 billion in the industry. Although the future for manufacturing of solar equipment in India looks bleak, there is a hope in some fields like battery manufacturing industry. A ray of hope was seen when in April Minister for Power R K Singh hold a meeting with battery manufacturers for incentivizing battery manufacturing in India. The meeting was attended, along with Ministry officials, by Indian Space Research Organisation (ISRO), Ministry of Electronics and Information Technology (MEITY) and NITI Aayog and executives form the battery manufacturing firms. Reportedly, Singh said to manufacturers that demand in near future is going to be very high, thus manufacturers need to set-up manufacturing units in India. He also asserted that the bids in future will be for solar-wind hybrid along with storage. He assured that the government will soon come out with the policy that will benefit the manufacturers in the country. The setting up of manufacturing units in the country is not the only call from the government, the concerns related to the non-availability of raw materials for battery manufacturing was also addressed. The minister said that the government has already started approaching resources-rich countries like Bolivia. Currently, India imports almost all of the battery components, except battery packs, from countries like China, South Korea and Malaysia. ‘We need to develop indigenous production capabilities for lithium-ion batteries’ said secretary in the department of Heavy industry, Girish

Shankar in one of the conclaves held in New Delhi earlier this year. In the overall scenario, there are some early steps which government can take to boost the local manufacturing industry. First and foremost is to incentivize new technology. The adaptation of new technology will not be on reduce cost of the products but also will make solar affordable to the end consumers. In China the National Energy Administration (NEA) run a successful program called “Top Runner Program” which has been setup to create the market for advanced technologies. A similar kind of program in the country can help manufacturers ‘bigly’. Similarly, to channelize and streamline the supply chain would be another major booster for the industry. As we know the supply chain is backbone of any industry, not only does it increase efficiency of the production process but also helps in streamlining of the products. According to FICC, ‘the key elements in the solar energy supply chain framework consists of raw material/component suppliers to solar photovoltaic module and solar thermal system manufacturing, balance of system which includes inverters, connecting wires, trackers etc. and the integration of the different components. It is important to have different equipment and components integrated with proper specification and compatibility, as in some cases even slight variation results in failure or loss of final output.’ Thus it is important to secure the supply chain for better productivity. Furthermore, it should be legally binding for developers to procure at least half of their material from local manufacturers. It would not only help the local market to grow but will also help in competing with the other players in the market. Having said that there should be an aggressive push for separate solar policies and their effective implantation, otherwise, there will always remain a gap between having policies and implementing them effectively. - ZULKARNAIN@MEILLEURMEDIA.COM

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PROJECTS

UPDATES

Canadian Solar Commissions 35 MWp Open Access Solar Project in Karnataka Publicly traded solar PV modules maker Canadian Solar said its 35 MWp commercial and industrial (C&I) solar portfolio in Karnataka, India has reached commercial operation in March 2018. Further, the company’s 35 MWp solar project is located in Bagalkot district of Karnataka. This project is expected to generate approximately 54,000 MWh of clean solar power every year. Moreover, the project provides clean electricity to off-takers from the education, healthcare, cement, and auto parts industries through 25-year power purchase agreements (PPAs), in-line with the open access regulations of Karnataka. Simultaneously along with this

achievement, the company has completed its financing of Rs 1.0 billion (USD 16.0 million) for the C&I portfolio with Tata Cleantech Capital Ltd. Speaking on the development, Canadian Solar, Chairman and Chief Executive Officer, Shawn Qu said, “We are delighted to launch our first C&I solar portfolio in India which creates sustainable value for our customers. Local businesses can benefit from clean solar energy while mitigating rising electricity costs.” “Canadian Solar provides strong development, technical, and financing solutions that assist businesses in their switch to clean renewable energy,” Shawn added.

footprints to South Korea by acquiring exclusive rights to develop an 8 MWp solar photovoltaic (PV) project in Gangwon Province. The company is among the leading manufacturers of solar photovoltaic (PV) modules and provides solar energy solutions. It has a geographically diversified pipeline of utility-scale power projects in various stages of development.

Recently, the company has expanded its

Azure Power Wins 130 MW ACME Secures 250 MW Solar Solar Power Project in Maharashtra PV Project under MSEDCL's In a recent auction by Maharashtra State Electricity Distribution 1,000 MW Bid Company Limited (MSEDCL), Azure Power, one of India’s leading solar power producers, won 130 MW solar power project. At the tariff rate of Rs 2.27 per KW Azure Power will sign a Power Purchase Agreement (PPA) with MSEDCL for 25 years. The project is expected to be commissioned in 2019 and will be developed by Azure Power outside a solar park. “We are pleased to announce our win in Maharashtra and with this, we continue to demonstrate our strong project development, engineering, and execution capabilities and are delighted to make this contribution towards realization of our Hon’ble Prime Minister’s commitment towards clean and green energy, through solar power generation,” said Inderpreet Wadhwa, founder, chairman and chief executive officer, Azure Power while speaking on the occasion. Azure Power is a leading independent solar power producer with a pan-Indian portfolio. With its in-house engineering, procurement and construction expertise and advanced in-house operations and maintenance capability, Azure Power provides low-cost and reliable solar power solutions to customers throughout India. It has developed, constructed and operated solar projects of varying sizes, from utility scale, rooftop to mini and micro grids, since its inception in 2008.

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Country’s one of the leading utility-scale solar power developer ACME has won the 250 MW solar Photo Voltaic (PV) capacity in the reverse auction invited by Maharashtra State Electricity Distribution Co Ltd (MSEDCL) on May 14, 2018. MSEDCL has invited 1,000 MW solar tender under Built Own and Operate (BOO) model wherein successful developer can set up solar project anywhere in India and supply power to MSEDCL under 25 year Power Purchase Agreement (PPA). Besides, the selection process concluded at a very competitive tariff wherein ACME was allotted largest capacity i.e. 250 MW at a tariff of Rs 2.72/kWh. According to the tender requirements, the project has to be commissioned within 15 months from PPA signing and would entail investment to the tune of approx. USD 250 million. A continuous effort to innovate and offer most competitive solar tariff to people, said Manoj Kumar Upadhyay, Founder and Chairman, ACME Group. ACME Solar is an independent power producer, which builds, owns and operates solar power plants in India. It has an operating capacity of over 1500 MW solar projects across the country. With this won capacity, the company’s total portfolio will increase to 2300 MW.

UPDATES

PROJECT

Conti Solar Kicks off Construction of Largest Landfill Solar Project in Ohio Solar EPC company Conti Solar has kicked off construction on the 4 MW largest landfill solar project in Ohio. The project is located in Cuyahoga County and is owned and operated by IGS Solar one of the largest independent retail energy suppliers in the country. Further, it was developed by Enerlogics and McDonald Hopkins. After completion, the project will provide over 5,000,000 kilowatt hours of clean solar electricity to county-owned facilities annually. The company has successfully installed more than 133 MW of landfill solar projects across the country. Moreover, the Cuyahoga solar project is

the first of its kind in Ohio. Covering 17 acres of previously unproductive land, the company will manage the construction of the solar array that will sit atop a closedand-capped landfill and transform an area of waste into a sustainable solar power generation plant. Through a power purchase agreement (PPA), Cuyahoga County will acquire 100 percent of the project's energy through Cleveland Public Power. Commenting on the development, IGS Solar, Vice President, Patrick Smith said, “It was essential that we partnered with a firm that has a proven track record in developing solar projects on top of sensitive landfill sites.”

“It's a unique niche, but Conti Solar's vast experience, impeccable standards, and understanding of IGS Solar's vision for the community has made Conti Solar the ideal partner for this project,” Smith added. “IGS Solar is helping Cuyahoga County reduce energy costs for the next 20 years. They have been a reliable energy partner supporting the efficient and costeffective addition of clean renewable energy for the county's benefit, both environmentally and financially,” said Matthew Skidmore, CEO, Conti Solar. Meanwhile, the project is expected to be completed during the summer of 2018.

Karnataka Gets Three Solar PV MSEDCL to Buy Cheapest Projects Through Rays Power Infra Solar Power in the Country Under the state’s open access scheme and to add to its portfolio, Rajasthan-based utility company Rays Power Infra has commissioned three solar photovoltaic (PV) projects in the state of Karnataka. According to the company the open access model implemented in Karnataka enables access to power at considerably lower rates, offering better efficiencies and lower utility bills while reducing the carbon footprint of industries in the areas being serviced by projects built in the state. All the projects were commissioned in less than 100 days from land acquisition. The three projects include Jhamkhandi of 40 MW capacity, Bijapur and Kustagi of 45 MW capacity each. Speaking on the development, Chief Executive Officer (CEO) of Rays Power Infra, Ketan Mehta said, “We are extremely grateful to the support we have received from all stakeholders, particularly the state government with its open access policy, and our private partners who have provided extensive support.” The company further added that its aim is to become one of the top players in India through its innovative, eco-friendly, and costeffective solar power technology solutions. Rays Power Infra was started by IIT Roorkee graduates in 2011. It owns Independent Power Producer (IPP) assets (both ground mounted and rooftop), expertise in the Transmission and Power distribution segment and in-house Engineering Procurement and Construction (EPC) capabilities. The company has so far significantly contributed rounding to 500 MW capacity of solar installations. It has developed 3 solar parks in Rajasthan, Telangana, and Andhra Pradesh respectively. Currently the company is working on projects in Arunachal Pradesh and Koppal.

Maharashtra State Electricity Distribution Company Limited (MSEDCL) has entered into an agreement with two private utility firms who would supply a public sector undertaking the cheapest power in the county. While as four other companies would supply power at a rate of 1 paisa higher than the minimum rate. Earlier, MSEDCL issued tenders to buy 1,020 solar power from private producers. The two companies that agreed to supply power are JLTM Energy and Mahoba Solar. Both agreed to supply 20 MW and 200 MW at the rate of Rs 2.71 per unit. Similarly, other companies such like Renew Solar Power (250 MW), Acme Solar Holdings (250 MW), Tata Power Renewable Energy (150 MW) and Ajure Power India (150 MW) quoted Rs 2.72 per unit. As approved by Maharashtra Electricity Regulatory Commission (MERC) the average power purchase cost of discoms for the year 2017-18 is Rs 4.01 per unit. However, a decade ago the solar power cost in the state was Rs 18 per unit, which would make MSEDCL reluctant to buy it. The pursuit for buying solar power would not stop here. MSEDCL is planning to purchase another 1,000 MW in near future. Public sector undertaking has already identified 218 talukas to setup solar power plants in the state. The range of capacity in each taluka is between 2 MW and 10 MW and the maximum capacity in a district should not exceed 50 MW.

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23 JUNE 2018

PROJECTS

UPDATES

ForeFront Power to Develop First Community Solar Proj for PG&E Program Mitsui & Co. arm ForeFront Power will develop the first community solar project for the PG&E’s Regional Renewable Choice program. This program provides PG&E customers the option of purchasing up to 100 percent renewable energy from an off-site location. As per the National Renewable Energy Laboratory (NREL), approximately half of the US households and businesses are unable to install rooftop solar due to space, lack of sun exposure or ownership limitations. The company’s regional renewable choice program gives residential and business customers – including those

who rent – an easy way to participate in solar without installing or maintaining solar panels. ForeFront Power is developing the inaugural Regional Renewable Choice program community solar project in Fresno County. Moreover, participating customers will sign a contract directly with ForeFront Power to subscribe to a portion of the energy produced from the 1.66-megawatt solar project. In turn, customers will receive a program credit from PG&E on their monthly energy statement based on the kilowatt-hour output of their subscription with the developer.

KSEB, NTPC Ink Pact for Increasing Solar Power Generation The Kerala State Electricity Board (KSEB) and National Thermal Power Corporation (NTPC) has entered into a Memorandum of Understanding (MoU) for increasing solar power generation in Kerala. According to an official release, the agreement signed also includes a deal to set up a 15 MW solar power unit at the NTPC complex in Kayamkulam. Besides this, the possibility of setting up of solar power plants at reservoirs, open space and top of buildings also would be explored. The power generated would be given to KSEB at a rate fixed by the State Electricity Regulatory Commission (SERC). The state is expected to make good strides in solar power generation with the MoU becoming operational, the release said. Meanwhile, NTPC Director (Commercial) A K Gupta and KSEB CMD N S Pillai signed the MoU in the presence of Chief Minister Pinarayi Vijayan and state power minister M M Mani. NTPC Chairman and MD Gurdeep Singh and state Chief Secretary Paul Antony were among those present.

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Both residential and business customers may now express their interest in the project to ForeFront Power in order to start their subscription upon project completion in mid-2019. Commenting on the development, Director of Sales, Rachel McLaughlin said, “ForeFront Power is excited to be the first renewable energy developer to take solar to the next level through community solar for PG&E customers,” “We look forward to serving customers for whom on-site solar is not the right fit,” McLaughlin added.

Maharashtra to Obtain 1,000 MW Solar Energy from Six Producers To fulfill its energy requirements, the state of Maharashtra will now obtain 1000 MW of its total energy from six solar power producers across the country. Earlier, the Maharashtra State Electricity Distribution Company (MSEDCL) tendered 1 GW of solar energy which saw lukewarm response from private parties; however the company has received offers at lower rates. The offers received by state-owned discom range from Rs 2.71 per unit and Rs 2.72 per unit. This price is lower than the bids in other states of the country, said MSEDCL. The total offers received by the discom for a total of 1450 MW were from eight developers who participated in the auction. The power will be supplied to agriculture pumps during the day. It will also help the MSEDCL attain the Renewable Purchase Obligation mandated by the Maharashtra Electricity Regulatory Commission (MERC) under the Electricity Act-2003 to purchase a minimum level of renewable energy out of its total consumption. During peak seasons, the power consumption recorded by MSEDCL exceeds 23,000 MW. Earlier, the discom in a bid to switch to renewable source of energy had tendered 1GW solar energy on 21 December 2017 but got lukewarm response from the developers. Subsequently, the tenders were reissued on April 9, 2018 with relaxed norms. Although, the date for bid submission was April 27, the very few responses prompted authorities to extend the dates.

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Google Announces Project Sunroof for Solar Power in UK The British homeowners can now save the money on their power bills as the Google is offering them new services where they can switch from conventional source of energy to solar power. In partnership with energy supplier Eon, the tech giant has introduced an online tool called Project Sunroof that estimates savings using Maps apps and Google Earth. The tool was first launched in 2015 in US but due to some odd results it was not given good reviews. Along with Eon, Google has also partnered with Tetraeder, a German software firm, on the project. Project Sunroof uses machine learning to estimate how much solar potential a house has by examining the property's features, such as its roof area and angle, and weather data, such as sun positioning. Google claims that its models are detailed enough to assess the impact of a single tree on a home's solar potential. It isn't the first tool of its kind - Ikea offers a similar service in collaboration with

Solarcentury, and Tesla launched its own Solar Roof Calculator last summer. But these companies and others require homeowners to submit additional data about the shape of their roofs or their homes before getting a quote on savings. Jonathan Marshall, head of analysis at the non-profit organisation Energy and Climate Intelligence Unit, said that Project Sunroof "lowers the barriers" for homeowners by automatically inspecting roofing data using Google Earth imagery. “By analysing the roof shape, they will take out one of the steps that you would have to go through to get solar panels installed,” said Marshall. “The speed of the process means that if you're half-tempted by the idea, you're more likely to go ahead with it,” he added. Project Sunroof first launched in the US in 2015 and then in Germany last year. It is now available in select UK regions, including Birmingham, Brighton,

Liverpool, Newcastle, Reading and parts of London. Nicole Lombardo, Head of Partnerships at Google said, “We are excited to help people in the UK make more informed choices about installing solar panels on their rooftops and transition to renewable energy sources.” The tool is another example of Google's public commitment to green energy. It announced in 2017 that its global operations were powered using only renewable energy sources.

NEOEN, GFG Alliance Ink Landmark Clean Energy Agreement In order to reduce the cost of energy in Australia, a landmark agreement was signed between France’s NEOEN and Australia’s GFG Alliance. The occasion was witnessed by Australian Prime Minister Malcolm Turnbull and French President Emmanuel Macron. The Memorandum of Understanding (MoU) was signed in order to operate develop and work together in the sector. The main purpose of the agreement is to supply low cost power to the citizenry. To begin with, NEOEN CEO, Xavier Barbaro and GFG Alliance Executive Chairman, Sanjeev Gupta inked a power purchase agreement for SIMEC ZEN Energy to take most of the output from Numurkah Solar Farm that is situated in northwest Victoria. NEOEN’s Numurkah Solar Farm is a 100 MW renewable energy project and has

already Green Certificate purchase agreement with Victorian Government for 38 MW. Speaking on the occasion Barbaro said, “We believe renewable energy is a gamechanger and both agreements reflect a shared commitment to deliver low-cost, sustainable energy solutions into the market.” “The switch from fossil fuels to renewable energy is the revolution of this century, transforming our economies and our impact on the environment. Such major change demands sustainable, effective solutions,” he further said. Gupta said “These agreements reflect GFG and NEOEN’s shared commitment to the goals of economic and environmental sustainability that are strongly advocated by President Macron and Prime Minister Turnbull.”

“Renewable energy is at the heart of our GREENSTEEL and GREENALUMINIUM strategies, designed to make metal production and engineering competitive again in developed countries. We see Australia – with its incomparable energy resources – as the natural home for expansion of energy-intensive industry, with renewables to play an integral role,” he further added.

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Nepal Electricity Authority Invites Bids to Supply Solar Power To expand the power sources in the country the Nepal Electricity Authority (NEA) has beefed up its efforts while calling for global tenders to select independent developers and supply power up to 25 substations at various locations. The tender notice says that solar power developers have to install the plants with capacity of 1 to 5 MW that would supply electricity to state owned NEA for the period of 25 years. The successful developers have to finish the construction and installation work and start supplying electricity within one year after they sign PPA agreement with the NEA. As an incentive the NEA will also provide viability gap fund (VGF) to the developers that are selected for the projects. To get the funds NEA has already inked an agreement with manilabased multilateral lender Asian Development Bank.

Chief of the Project Management Directorate at the NEA, Manoj Silwal said, “The ADB will support us with an $18.5 million grant to provide VGF to the developers,”

For example, if the NEA signs a PPA with a developer agreeing to buy electricity at Rs7 per unit, it will pay only Rs6.60. The remaining Rs0.40 will be paid from the VGF. “Since we have a limited fund of $18.5 million, the total installed capacity of the solar plants will be determined by the price at which the PPA deal is signed,” said Silwal.

“We will pay the developer Rs6.60 per unit of electricity while the rest of the cost will be covered by the ADB’s fund,” he added further.

The proposals have to be sent in two envelopes, technical and financial. The last date for the submission has been set as 21 June 2018, National power utility has instructed bidders.

The ADB will provide the VGF under the South Asia SubRegional Economic Cooperation Power System Expansion Project.

NTPC Signs MoU to Acquire 3 Power Stations Public Sector Undertaking NTPC has signed a pact with Bihar government and its power utilities to acquire their entire stake in two joint ventures Nabinagar Power Generating Company (NPGC) and Kanti Bijli Utpadan Nigam (KBUNL), and to buy Barauni Thermal Power Station. The company said in a statement that, “A Memorandum of Understanding (MoU) was entered amongst Govt. of Bihar (GoB), Bihar State Power Holding Co. Ltd. (BSPHCL), Bihar State Power Generation Co. Ltd (BSPGCL), North Bihar Power Distribution Company Ltd. (NBPDCL), South Bihar Power Distribution Company Ltd. (SBPDCL), Bihar State Power Transmission Company Ltd (BSPTCL) and NTPC Ltd at Patna for performance improvement of power sector in the state of Bihar.”

Besides, NPGC is a 50:50 Joint Venture (JV) company of NTPC and BSPGCL. The company is developing a 1980 MW (3x660 MW) Nabinagar Super Thermal Power Project in district Aurangabad, Bihar, which is currently under-construction.

The MoU envisages transfer of Barauni Thermal Power Station (720 MW) and transfer of Bihar State Power Generation Company’s (BSPGCL) equity in Kanti Bijlee Utpadan Nigam Ltd (KBUN) & Nabinagar Power Generating Company (Pvt) Ltd (NPGC) to NTPC.

Moreover, KBUNL is a subsidiary company of NTPC in JV with BSPGCL. Currently, NTPC and BSPGCL own 72.64 percent and 27.36 percent equity stake in KBUNL respectively.

The Barauni thermal plant is located at Begusarai district in Bihar. It has comprised of stage-I (2x110 MW) (under advance stages of R&M) and stage-II (2x250 MW) (under construction).

All the three power generation facilities are envisaged to be transferred to NTPC from the effective date to be notified by state government via Statutory Transfer Scheme.

Further, the company is expected to complete the balance works and achieve sustained commercial operation of units in a time bound manner.

Meanwhile, the transfer of these power stations to NTPC will result in their optimal & efficient utilization, bring the tariff down and benefit the people of Bihar at large.

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Pfister Energy Picked for Lockheed Martin's Largest Solar Field Pfister Energy, specialist in designing and building large-scale, complex solar projects, was chosen to design, build and construct a 2.5 MW (DC) solar field for Lockheed Martin’s Moorestown facility. The 8-acre, ground mount, photovoltaic solar field will reduce the facilities environmental impact through this upgrade by saving 5 percent of its annual electric usage. Commenting on the development, Pfister Energy, President, Wayne Pfisterer said,

“Lockheed Martin has made great strides in clean energy and energy efficiency by developing and offering these technologies to their clients.” “In this case, Lockheed Martin is taking this a step further by implementing clean energy on one of its own facilities. Pfister Energy is proud to work with Lockheed Martin on this solar project and to continue to drive its shared vision of a new clean energy future,” Wayne added.

environmentally conscious business operations. Our environmental stewardship efforts extend to our facilities across the world,” said Jim Sheridan, Vice President and Moorestown General Manager. “I am particularly proud that our Moorestown facility is home to the Corporation's largest solar field which is part of our pledge to quadruple our onsite renewable generation by 2020.”

“Lockheed Martin strives to achieve

PM Lays Foundation Stone for 2400 MW Phase-I of NTPC's Patratu Power Plant in Jharkhand

O2 EMC, URE Complete Construction of Bedford Solar Farm

Envisioning the brighter future for India's 19th state, the Prime Minister Narendra Modi has laid the foundation stone for the 2,400 MW first phase of NTPC's Patratu Super Thermal Power Project in Jharkhand. This project is a Joint Venture (JV) in the ratio of 74:26 between Government of Jharkhand (GoJ) and Patratu Vidyut Utpadan Nigam Ltd (PVUNL), a NTPC’s subsidiary establishing a total capacity expansion of 4,000 MW. On this occasion, eminent dignitaries from the Jharkhand state and senior officials from Power Ministry and NTPC were present.

Solar projects developer O2 EMC and EPC firm United Renewable Energy (URE) have completed the construction of the Bedford Solar Farm in Virginia.

The company’s PVUNL is set to develop the project in two phases i.e. 2,400 MW (3x800 MW) in Phase-I and 1,600 MW (2x800 MW) in Phase-II, which will be developed later.

The project was a 3MW AC (3.3MW DC) solar power system located on approximately 16 acres of land in Bedford, Virginia. It was developed by O2 EMC and constructed by URE.

This project will allocate 85 per cent of the power to Jharkhand that will benefit the state in the long run and help in the economic growth of the region.

Further, the system is composed of 100 inverters (which convert the generated DC to AC energy), and 10,188 solar panels mounted on a single-axis tracking system that follows the sun during the day to maximize production.

Under the Pradhan Mantri Sahaj Bijli Har Ghar Yojana (Saubhagya) scheme, this project will ensure providing 24x7 power availability to the households. The project has salient features of Dry Ash disposable system (second to NTPC Dadri), zero liquid discharge system, Aircooled condenser technology (only second to North Karanpura STPP) and rail loading facility for transportation of ash. The project further complies with the new emission norms with high efficiency ESP, FGD and Nox emission control systems as well. Meanwhile, the Engineering, Procurement & Construction (EPC) contract of the project has been awarded to BHEL and the commissioning of the first unit is envisaged in 2022 and subsequently the other two units after an interval of six months each from the preceding unit.

The existing topography on the site is rolling up to 15 degrees and challenged both O2 EMC and URE to design the system to maximize the system size, while minimizing the need for any site grading. Commenting on the completion of the project, URE, Executive Vice-President, Keith Herbs said, “URE is honored to have partnered with the O2 EMC team on another successful project that was constructed within the schedule and under budget, while contributing to the local economy through the use of local labor.” “URE was a great partner on this exciting project. Their management was paramount in executing the first utility scale solar installation in Bedford, VA,” said Joel Olsen, CEO and President, O2 EMC.

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FINANCE

UPDATES

ADB Okays $1.5 Mn Grant for Nigeria's On-Grid IPP Solar Procurement Program The African Development Bank (ADB) board has approved the USD 1.5 million grant to support the Nigerian Government's implementation of phase 1 of the Jigawa 1-GW Independent Power Producer (IPP) solar power procurement program. This program will assist the Nigerian government to achieve its national goal of reaching 75 percent electricity access by 2020 and electrifying unserved and underserved areas, mainly in the northern parts of the country where access rates are lowest and increasing the share of renewable energy in the energy mix to 30 percent by 2030. Moreover, the approved grant will support the completion of outstanding technical and feasibility studies and the design of a master plan for the entire program site. However, subject to the outcome of the technical and feasibility

studies, the Bank will provide additional support to the Nigerian government in the form of funding of a transaction advisor to design and launch the competitive IPP procurement. Further, the Nigerian government has committed to de-risking the program through the provision of land and common facilities including transmission facilities. Commenting on the development, ADB, Vice-President for Power, Energy, Climate and Green Growth, Amadou Hott, said that the approval solidifies the Bank's commitment to Nigeria in resolving the chronic power shortage and ensuring increased access to sustainable and cost-efficient power. Amadou further added that, “It is important for us to deliver a seamless implementation and provide necessary support to the government to conduct an effective IPP procurement process.”

HNPCL Acquires Mumbai-Based Cox Enterprises Announces $25 Solar Firm for Rs 1,000 Cr Mn Investment in Solar Industry Hinduja Group flagship firm Hinduja National Power Corporation Ltd (HNPCL) has acquired Mumbai-based Kiran Energy Solar Power for about Rs 1,000 crore, as revealed by the two sources close to the development. Last year Andhra Pradesh-based thermal energy company, HNPCL, had initiated talks to purchase Kiran Energy, which is having an operational portfolio of around 85 MW now. The eight-year old firm, Kiran Energy, was founded by Ardeshir Contractor and Alan Rosling, a former Tata Sons Executive Director in 2010. The company is also engaged in building solar clusters in Gujarat, Maharashtra, Karnataka, Tamil Nadu and Rajasthan with capacities varying between 50 MW and 100 MW. The Hindujas have acquired Kiran Energy by buying out the private equity funds who own majority. Moreover, the three private equity players who are exiting the company are Argonaut Ventures, New Silk Route and Bessemer Venture Partners India which collectively own nearly 80 per cent in the company. While, the founders Contractor and Rosling and a few others own the rest. However, Hindujas were not reachable for comments, but the sources said the size of the deal could be in the range of Rs 800 to Rs 1,000 crore. A few years ago, co-chairman of the Hinduja group Gopichand Hinduja, had said the group had plans to invest USD 1 billion to install 1000 MW of solar capacity. Meanwhile, the company had disclosed its plan to expand its generation capacity to 10,000 MW over the next ten years at an expected investment of USD 10 billion across India.

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Cox Enterprises has announced that it has become the majority investor in a $25 million partnership that created four solar farms in Georgia and Florida. The partnership project is a part of National Cox Conserves sustainability program that has long employed new sustainable technologies and programs to create both business ventures and environmental solutions. Speaking on the development, Cox Enterprises, Assistant Vice President of Environmental Sustainability, Steve Bradley said, “This is just one of many Cleantech initiatives that will help us meet our goal of leaving the world in a better place for future generations.” He further added, “Cox has a long history of being aggressive and methodical with respect to driving positive environmental change.” The installed solar panels have enough capacity to harness energy from sun to produce 13 MW of power. The total number of solar panels installed is 42,000. Each year, this amount of solar panels is enough to prevent nearly 14,000 tons of carbon from entering the environment. The project is a part of the 34 solar PV projects Cox has completed in the past decade, and this is the second partnership between Cox and PEC Velo. “In Douglasville, we've received great feedback from residents who are thrilled about how the property is being used,” said Bradley. “At Cox, our commitment to environmental sustainability is enduring and we aim to accelerate our efforts through more and larger investments in the near future,” he further added.

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Bangladesh, World Bank Ink $55 Mn Pact to Okaya Set to Clock Rs Expand Renewable Energy Usage in Rural Areas 1,150 Cr Revenue in In order to expand renewable energy usage in rural areas, the Bangladesh government FY 18-19 has inked a USD 55 million financing pact with the World Bank. Further, the additional financing to the Second Rural Electrification and Renewable Energy Development (RERED II) Project will install 1,000 solar irrigation pumps, 30 solar mini-grids, and about 4 million improved cookstoves in rural areas. Today, Bangladesh has one of the world’s largest domestic solar power programs, covering 14 percent of the population. Commenting on the deal, Country Director for Bangladesh, Bhutan, and Nepal, Qimiao Fan said, “Since 2003, the World Bank has been helping Bangladesh to improve access to electricity through renewable energy. Following a successful demand-driven public-private partnership programme, Bangladesh installed 4.2 million solar home systems.” “This additional financing will help scale up use of clean and renewable energy such as solar irrigation pumps and solar mini-grids, which will help reduce poverty, improve the environment, create jobs, and open up new opportunities for rural people.” Moreover, with an additional USD 20 million support from the Green Climate Fund, the project will scale up the use of improved cookstoves, which emit 90 percent less carbon monoxide and use half as much firewood as a traditional cookstove. These interventions will reduce greenhouse gas emissions and indoor air pollution. Speaking on the development, Government of Bangladesh, Economic Relations Division, Secretary, Kazi Shofiqul Azam said, “The government of Bangladesh targets a 100 percent coverage of improved cookstove by 2030. The additional financing will be important to ensure that every rural household has an improved cookstove.” Meanwhile, the credits have 38-year term period, including 6 years of a grace period, along with a service charge of 0.75 percent.

ReneSola Sells 40.13% Stake in Zhejiang ReneSola Investment for RMB 200 Mn Solar project developer and operator ReneSola has sold 40.13 percent stake of its Chinese subsidiary, Zhejiang ReneSola Investment Ltd, to an undisclosed investor for about RMB 200 million in cash. Zhejiang ReneSola Investment holds the company's distributed generation projects in China. Further, the investment transaction was also closed on May 2, 2018. Commenting on the development, ReneSola, Chief Executive Officer, Xianshou Li said, “This strategic investment provides an important capital infusion enabling us to execute our downstream project development plan in China.” “We believe that bringing in a strategic investor not only validates the quality of our DG project pipelines, but also creates significant synergies between both parties and enhances market confidence. We are confident that our DG project development in China will continue to drive our growth in 2018 and beyond,” Li said. The company currently has over 187 MW of DG projects under operation, concentrated in a handful of eastern provinces with friendly business environments for DG project development, including Zhejiang, Shanghai and Jiangsu provinces. The provinces in which Renesola operates are the most developed regions in China, with a low risk of subsidy delay or curtailment. The company anticipates owning 350 to 400 MW of DG projects in China by the end of 2018.

One of the leading power back-up companies, Okaya Power, which recently announced its ambitious foray in Lithium ion batteries segment, has set an ambitious target to grab majority of market share in Lithium ion batteries. The company has achieved it's turnover of Rs 720 crore in FY 17-18 and further aims to clock Rs 1,150 crore revenue in FY 18-19. Moreover, Okaya aims to achieve Rs 150 crore from a nascent market of Rs 450 crore in the lithium segment within its first 9 months of operation. It eyes over 100 percent growth every year till 2022. The market is expected to be Rs 1.90 lakh crore for lithium batteries by 2030 in India. The company with its customised solutions for Lithium ion battery requirements enjoys dominant market share in solar power projects, 2-wheelers, E-rickshaw and UPS segment already. For four wheelers, it is looking forward to join hands with a couple of OEMs. Commenting on the development, Okaya, Director, Anshul Gupta said, “With Lithium ion batteries, Okaya has set in motion another big revolution in power storage solutions market. Thanks to the government’s recent initiatives, Lithium based batteries will be exponentially growing in India. In sync with Niti Aayog’s target for 2030, the share of Lithium batteries will be as much as 9 times more than regular lead acid batteries.” He added, “In Lithium ion batteries, we have trimmed down the traditional battery size, putting more power in a much smaller space. With a higher cycle life and better performance factor, these light weight batteries can outperform regular lead acid battery. Our focus is on safety and performance. We have developed our own battery management systems for various applications, keeping safety as our priority.”

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ReNew Power to Acquire Five Renewable Energy Firms for Rs 6,000 cr Gurgaon based ReNew Power is mulling to buy five renewable energy companies in the solar and wind energy space, with combined capacity of nearly 680 MW for about Rs 6,000 crore. Moreover, the transaction is expected to be completed by September this year. Also, the deal will be funded from the internal accrual and fresh fund that the Goldman Sachs Group backed renewable energy company, ReNew Power, intends to raise Rs 2600 crore in its proposed Initial Public Offering (IPO). Commenting on the development, a

person familiar with the development said that, “ReNew Power is in advance negotiations with the promoters of these five companies that include Indian Energy (Mauritius), SREI Equipment Finance, and ES Energy among others.” However, the company’s spokesperson declined to comment as the company has filed DRHP. Also, the spokesperson of these companies couldn’t be reached. Recently, ReNew Power has filed draft herring prospectus for the proposed IPO with the Securities and Exchange Board of India (SEBI).

Besides, the operational capacity of the company will increase to 4.3 GW from its current capacity of 3.7 GW after the completion of acquisitions of 5 companies. The person further added that, “The company has already signed the initial documents. The due diligence has already started. The company is expecting to complete the transaction by September 2018 barring few exceptions.”

Risen Energy Gets Financing from EBRD for 63MW Solar Project in Kazakhstan

SkyPower to Build Uzbekistan's First Solar Power Installation; To Pump Largest FDI

Chinese solar panel maker Risen Energy has signed a mandate letter with the European Bank for Reconstruction and Development (EBRD) for financing the construction of a 63 MW solar project in Kazakhstan.

Canada-based solar energy producer, SkyPower has signed a pact with Uzbekistan government to invest about $1.3 billion Foreign Direct Investment (FDI) in the country to build 1,000 MW of solar energy generation capacity throughout Uzbekistan.

Further, the construction of the greenfield 63 MW solar project will kick off in the month of September and is expected to be completed in June next year, with an average annual power capacity projected to reach 108,719 MWh after being put into operation.

Uzbekistan's President Shavkat Mirziyyoyev has signed a decree signifying the government's full support of the project and sovereign guarantees.

Commenting on the development, Risen Energy, Director, Project Finance and Investment, Zhang Jieling said, “The partnership with EBRD opens a new chapter for Risen Energy's international project financing plan as it represents both a qualitative leap for and a significant step in the company's international expansion strategy. Ties with international multilateral organizations such as EBRD provide the company with a valuable opportunity to enhance its competence in and strategy for the development, financing and technology services of international projects.” Earlier this year, both the companies had signed another mandate letter for financing of Risen Energy's 40MW solar project, also in Kazakhstan. Cooperation with EBRD will support Risen Energy in entering Kazakh solar market and becoming the first Chinese PV firm to build solar power stations in the country.

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This project will bring the largest FDI in Uzbekistan's history. Uzbekistan and SkyPower also signed the first Power Purchase Agreement (PPA) in the country's history, whereby the government will be purchasing power from an international and private company.

SkyPower will be the first independent power producer in the history of Uzbekistan, working closely with state-owned utility company Uzbekenergo. This project is also the first public-private partnership between Uzbekistan and a truly North American company. Commenting on the development, Minister of International Trade for the Government of Canada, François-Philippe Champagne remarked, “This historic partnership with UzbekEnergo and the government of Uzbekistan will bolster growth in the region and help establish Canadian expertise in this fast-growing sector.” “There are still more than a billion people globally without access to energy services, and our mission is to bring solar power to people who need it most. This is a historic partnership that will benefit both the Government of Uzbekistan and SkyPower, and we are happy to be building Uzbekistan's first solar power installation,” said Kerry Adler, Chief Executive Officer, SkyPower.

UPDATES

SolarEdge Revenue Surges 82% at $209.9 Mn in Q1 Israel-based inverter solutions provider SolarEdge Technologies reported its robust total revenue jumped by 82 percent at USD 209.9 million in the first quarter of 2018 from USD 115.1 million last year, and rose 11 percent from USD 189.3 million in the previous quarter. Moreover, it’s net diluted earnings per share (or EPS) during the quarter stood at USD 0.75, grew from USD 0.32 in the same quarter last year, and from USD 0.42 in the December quarter of 2017. Commenting on the company’s performance, SolarEdge Technologies, Chairman and CEO, Guy Sella said, “We are pleased to announce strong first quarter results with record revenues and record profitability, despite the traditional seasonal slowdown and continued industry wide components shortages.” “Our continued technological innovation and operational excellence, coupled with our introduction of new products and financial strength positions us for further growth and industry leadership,” Sella added. The company’s gross margin rose to 37.9 percent, jumped from 33.6 percent during the same quarter last year, and from 37.5 percent in the prior quarter. Further, it’s cash flow from operating activities was USD 64.0 million, from USD 25.7 million year over year, and from USD 45.8 million in the prior quarter. Meanwhile, the company’s guidance for the second quarter ending June 30, 2018 shows it’s revenue to be within the range of USD 220 million to USD 230 million, and gross margin expected to remain flat within the range of 36 percent to 38 percent.

Sterlite Power Gets $47 Mn Conductor Order from GS S Korea One of the global developers of power transmission infrastructure, Sterlite Power has bagged an order worth USD 47 million from GS S Korea for supply of High-Performance Conductor (ACCC). The ACCC will be used for a new 400 kv transmission line across a route length of 169-km on a Power Grid Company of Bangladesh project. Commenting on the achievement, Sterlite Power, Solutions Business, CEO, Manish Agarwal said, “This is the largest ever global order for High Performance Conductor (ACCC) in this region and we are happy to partner with GS S Korea in the execution of this prestigious project.” “Significantly, we were the first player to pioneer this technology in India in 2011. Today, our order book for ACCC is full for the next 6 months and we further expect to double the volume by focussing on the SAARC and other countries,” he added. The company is a leading global developer of power transmission infrastructure with projects of over 10,000 circuit kms and 15,000 MVA in India and Brazil. With an industry-leading portfolio of power conductors, EHV cables and OPGW, it also offers solutions for upgrading, uprating and strengthening existing networks.

FINANCE

Tata Power Posts Q4 Net at Rs 1,478 Cr on Impairment Reversal for Mundra India-based power generator and distributor Tata Power Company reported a robust consolidated net profit after tax at Rs 1,477.50 crore in January-March quarter of 2018, on the back of improved performance of renewables business and reversal of impairment of Rs 1,886.72 crore for Mundra power plant and Indonesian coal mines. “The consolidated net loss of the company stood at Rs 226.93 crore during the same period a year ago,” said Tata Power Company in a statement. Further, the consolidated total income of Tata Group arm grew by 11 per cent to Rs 7,959.34 crore during March quarter of 2018 from Rs 7167.69 crore during the same period last year mainly on account of higher generation and sales. The revenue from operations of the company during the April-June quarter increased to Rs 7,895.23 crore, as compared to Rs 7,005.24 crore in Q4 FY 2018, the company said in a statement. Commenting on the results, Tata Power Company Ltd, CEO and MD, Praveer Sinha said, “Tata Power Solar has shown excellent performance and turn around and has been a significant contributor to Company’s robust performance. The renewable portfolio continues to do well and has once again made a healthy contribution to PAT. Our Delhi distribution arm, TPDDL also continues to reduce its AT&C losses at benchmark levels. Moreover, the Company has been working on charting its next phase of growth for which monetization of various non-core assets like SED & other cross holdings is underway to improve the balance sheet.” The renewable business of the company crossed Rs 425 crore of PAT and 2,349 MW capacity mark. During the year, it also added 276 MW, the company said in a statement. Meanwhile, the company’s board has recommended a dividend of Rs 1.30 per share.

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THE CONVERSATION

Damian Miller CEO, Orb Energy

The solar panel, solar thermal systems and module mounting structures are all manufactured at our plant in Bangalore. In this sense we are vertically integrated from manufacturing to sales and installation to finance, says Damian Miller, CEO Orb Energy. In a conversation with Zulkarnain Banday, Sub Editor, Saur Energy International, Miller spoke about his company’s journey and its future plans in India. Following are the excerpts from the exclusive interview.

Could you please tell our readers about Orb Energy and its journey?

NP Ramesh and I were colleagues at Shell Solar for almost seven years. After Shell exited the solar market in 2006, we secured venture funding and started Orb Energy (Orb) in India. By the start of 2007 we had started full-fledged operations in Karnataka. Since then we have been able to supply more than 160,000 solar systems, are present in 8 states, and have installed over 40MW of rooftop solar systems in India as of today. We launched as a provider of solar energy solutions - in both solar PV and water heating - for residential customers. Over time we have diversified our portfolio to include commercial and industrial sales of solar. As a result, about 70% of our revenue is today generated by commercial and industrial sales of rooftop solar (PV) systems and commercial-scale water heating systems. The last four years have been particularly remarkable for us. Our rooftop solar systems sale has grown more than 100% year on year for the last four years. Two years ago, we launched our own in-house financing facility to cater to Small and Medium size Enterprises (SMEs) with a collateral free loan scheme. And in 2017 we also launched our own in-house production of solar panels - the plant has a capacity of 60MW and Orb expects to be at full capacity in 2018, and to double its manufacturing base in 2019.

How does Orb Energy stand out in the solar market? How is your company different from others?

We provide a range of solar energy solutions to residential and commercial players. Our focus is particularly on Small and Medium Enterprises as they are largely under-served part of the market. To enable SMEs to afford solar, we have set-up an inhouse finance facility to provide extended payment terms to commercial customers who meet our credit criteria. Customers have a three to four years payback on rooftop systems and we aim as much as possible to match the tenure of the loan with their payback. We do this without asking our customers for any

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collateral, other than the rooftop solar system itself. Also, what makes Orb stand out from the rest is the fact that we manufacture solar photovoltaic and solar water heating systems in-house to control quality and cost. The solar panel, solar thermal systems and module mounting structures are all manufactured at our plant in Bangalore. In this sense we are vertically integrated from manufacturing to sales and installation to finance.

Orb Energy’s rooftop solar solutions for commercial and industrial customers reduce the cost. How do you justify this statement of yours? If possible please give us any case study. The average cost of electricity, generated through conventional means, in India is approximately INR 7.40 per unit. With our rooftop solar systems, the cost of electricity can be brought down to under INR 3 per unit (when amortised over a 25 year period). This helps our customers avoid the exorbitant costs of obtaining electricity from conventional sources. This tends to give our rooftop solar customers a 3-4 year payback. Once paid off, customers are effectively generating electricity free of cost. In our decade long journey, we have had the opportunity of working with various exciting customers with diverse needs. One such customer is Janatha, India’s leading Fish Meal and Oil Products manufacturer. Their fish-meal and oil-products business requires two megawatts of power and they plan to fulfil half of that through solar installations. Today, they have installed 1 megawatt rooftop solar system which helps them save around INR 50,00,000 (50 Lakhs) annually on electricity costs for the company.

Given that India is riding high on solar energy, what does Orb Energy expect from the market?

Rooftop solar has a key role to play in helping the country reach its target of 100GW by 2022. As a company we focus on serving residential and commercial rooftop solar users. Among the commercial and industrial community, we specifically target small to medium size businesses, which contribute about 40%

THE CONVERSATION

to India’s industrial output. Commercial and industrial SME’s struggle with rising power tariffs, as well as dependence on expensive and polluting diesel generators. SME’s are now getting comfortable with the idea that solar is now cheaper than grid electricity, and we are also providing them with a collateral free solar loan to be able to afford it.

Solar water pump market is growing tremendously with lot of government support. You being one of the leading player, how do you plan to excel in this category? The Central government has chalked out a remarkable plan to assist the solar water pump market. The INR 48,000 crore for the KUSUM scheme will ensure that farmers embrace solar water pumps. For an organization like ours, such a push from the government will enable us to penetrate deeper into rural markets.

There have been aggressive and competitive biddings in India lately. How do you think Orb Energy copes with such scenario? Orb is different to a lot of other players in the rooftop solar space. We generally do not participate in tenders. We like to go direct to the customer and convince the customer to adopt a rooftop solar system on the merits of the technology, our service, and our ability to bring finance to the table. It means that we are not as affected by the competitive bidding you see in the tender markets in India. That said, even when selling directly B2B, we see considerable price competition in the open market. As mentioned, we differentiate in several ways that serves to give customers the confidence to work with us at a price that is right for them and us as well.

As of now Orb Energy has its presence in India only, do you have any expansion plans for other countries as well? What is the potential market you are eyeing on globally? We began operations in Kenya in 2014. Our focus area in India and Kenya remains the same – residential and commercial customers. The global rooftop solar market will be worth an estimated $184 bn by 2025. This essentially means that we have an ocean of opportunities out there which require to be tapped into. For instance, we are also working on opportunities to supply high quality, cost-effective solar modules to USA.

Your claim “Orb Energy’s solar panels do not have negative tolerance, as is the case with many of our competitors”, Could you please explain what do you mean by that? This quite simply means that we do not sell solar modules that are less than their rated capacity. It has been a practice of others to offer +ve or –ve the rated power. We only offer the rated power +ve.

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India May Not Achieve 100 GW Target by 2022: Report The target of adding 175 GW of clean energy to its kitty by the end 2022 seems a not achievable goal for India. The ambiguity around safeguard duty and weak financial position of power distributors can prove fatal for achieving goal set by India. A survey conducted by renewable energy consultancy firm, Bridge to India shows the prospects for domestic solar manufacturing remains bleak. It can hamper the growth of country’s total integrated module manufacturing capacity at below 3 GW by 2022. The survey covered around 40 Indian and international clean energy companies including Hero Future Energies, Aditya Birla Group, Sembcorp, Larsen & Toubro, Trina Solar, Schneider Electric, Azure Power and Engie. The current bidding environment in India is ‘irrationally aggressive’. Around 70% of the total respondents were of the opinion that the aggressive nature of bidding, that lowered tariffs

for wind and solar energy to Rs 2.43 and Rs 2.44 per unit respectively, is not feasible for the growth. Executives of the companies who participated in survey said Tariffs ought to move up particularly in view of increasing tender issuance, but it remains to be seen whether distribution companies, or discoms, are willing to accept that. There would be an addition of 50-75 GW solar capacity by 2022 which is less than 100 GW target set by government, says the survey. 40 GW out of 100 GW is to come from rooftop installations while as the remaining 60 GW would come from ground-mount projects. Pertinent to mention here that industry watchers acknowledge that rooftop remains the stumbling block of the solar initiative. 60% of the surveyed said total solar rooftop capacity addition would be less than 10 GW by March 2022.

India Relegates in Global Renewable India to Have Second Largest Market Index, Ranks at Spot 4 Power Capacity in Asia This Year Indian has slipped two ranks in renewable energy country attractive index making it rank 4th in the list preceded by China, US and Germany. A report by UK accountancy firm, Ernst & Young (EY) has attributed the relegation in India’s ranking to the latest auctions in which the wind and solar tariffs were kept low. Furthermore, the lingering issue of import duties on solar equipment also has affected the ratings of India in the renewable energy sector, the report states. In the year 2016 and 2017 the ranking of India on the index was third and second respectively. “Disputes between developers and distribution companies are raising investor concerns,” the report said. Currently, the solar tariff in the country stands at meagre Rs 2.44 per unit, whereas the wind tariffs stand at Rs 2.43 per unit. At the end of FY18, the renewable capacity of the country is 69,685 MW while as the target to achieve for FY22 is 1,75,000 MW. Not only India has dropped the ranks there are countries like Chile, Mexico, Argentina and Canada who have also seen the relegation in the index. The main reason behind their falling from the spots was the drop in addition of wind energy from 702 MW in 2016 to 340 MW in 2017. The four new countries that have joined the ranks include Taiwan, Poland, Norway and Indonesia in the 40 country ranking. There were some notable upward movements in the index as well. Wherein, country like UK has moved up three spots to 7th position while Netherlands has moved to ninth from his earlier 15th rank.

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India is home to states like Tamil Nadu that utilizes more renewable energy than Sweden and Denmark. Even though the country is on renewable energy growth trajectory a report by London based firm says that India is set to have second largest power capacity in Asia this year. A consultancy firm based out of London, BMI research has predicted that India will soon overtake Japan in terms of power capacity. The report further added that by the year 2020 there are chances that India has potential to overtake US in terms of energy production. The experts believe that the expected change is due to reduction of prices for solar and wind energy, given the fact that as of now solar and wind energy is cheaper than coal. Solar has positioned itself at par with coal in the country and that infact has made India third largest solar market in the world. The report further says that despite growth in cleaner source of energy like nuclear, non-hydro renewables and natural gas, the coal will continue to dominate the landscape. If the trend of other source of energy continues, the account of dependence on coal will be reduced by 10 percent. The current installed capacity of coal accounts to 85% which will be reduced to 75% by 2027. The conclusion of the report has been premised on the fact that India will manage to complete its target of installing an additional 175 GW of renewable energy capacity by 2022.

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India Set to Join China as Global Leaders in Renewables, says Report Much like China, India is poised to become global giant in renewable energy technology-led transformation thus making them two leaders in the industry. According to the US based research institute, India’s “scheme for development of solar parks is becoming a successful model to attract foreign capital.” Furthermore, the report added that the “Solar is Driving a Global Shift in Electricity Markets.” “India doubled solar installs to 10 GW in 2017-18 and is rapidly up-scaling capacity to strive towards the ambitious and transformational 100 GW of solar by 2022,” said Tim Buckley, Director of Energy Finance Studies of the Institute for Energy Economics and Financial Analysis (IEEFA). India’s Rajasthan is home to world’s largest solar project to date at 2225 MW and is currently under construction at the Bhadla Industrial Solar Park. This project on completion will be more than double the 1,000 MW Kurnool Ultra Mega Solar Park, largest operational park, in Andhra Pradesh. In China the world’s largest floating solar project Sungrow’s 40 MW was commissioned in 2017 and will be developed in Anhui Province of the country. Similarly, two 150 MW floating solar projects are due for commissioning in china this year.

Given land constraints, India's new policy target for 10,000 MW of floating solar nationally is a logical and commendable initiative to leverage this new innovation to enhance solar application and value proposition, said the report. "As major corporations sign on to such deals, they continue to look to 'green' their entire supply chains, many of which sit in emerging markets. This activity helps expand access to capital in markets, which is often a key constraint," co-author Kashish Shah said in a statement.

India to See Job Surge in Solar, Wind Energy Sector: Report The onus is on the government to connect solar-powered projects to the grid. Although, the power consumers are taking proactive steps to go green the government is dragging its feet for the connection. There are number of consumers and producers of solar power in Goa who have installed panels and have obtained the required permission and clearances from the respective authorities but the projects are yet to get connected with the grid. The delays haven’t gone down well with the prosumers (consumer and producer of solar power), who after investing their money on installing solar panels and getting all the paperwork done, are upset at seeing their installations lie idle. The cabinet had approved the state solar policy last year. Santosh Lotlikar from Vasco was impressed at an advertisement for solar panels, and installed eight panels of 2kW capacity as well as a bi-directional metre for net metering in May last year. The project was approved by GEDA and inspected by the electricity department as well, and Lotlikar was looking forward to getting a negative bill within a few years, but the electricity department is yet to sign a power purchase agreement with prosumers for net metering where any surplus power consumed will be fed to the grid and adjusted in bills. “The Prime Minister keeps talking about solar power and encouraging people to support the government to go green. We were keen to support the initiative, but our grid connection has been stuck. We continue to pay our regular bills and although the solar panels are generating electricity, it is going to waste,” he said.

Renewable Energy Industry Creates 5 Lakh New Jobs Globally In a steep growth in 2017, renewable energy industry created over 500,000 new jobs globally. The rise in job creation in 2017 is 5.3% higher than that of in 2016. In a recent report published by International Renewable Energy Agency (IRENA) titled ‘Renewable Energy and Jobs – Annual Review’, it says the 10 million mark was surpassed for the first time as the industry gave jobs to around 10.3 million in 2017. The report further added that China, Brazil, the US, India and Japan are the largest renewable energy employers in the industry. The share of job creation of these countries stand at 70% of the total jobs created. Also around 60% of these jobs were located in Asia. Of the total jobs created in the industry the solar photovoltaic sector has taken the largest share in job creation. It created around 3.4 million jobs across the world which is 9% increase as compared to 2016. The total installation in 2017 stood at record 94GW.

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India's Renewable Energy Sec to Create 4.5 Mn Jobs: Study The renewable energy sector in India is booming and has a potential of creating jobs between 2 million and 4.4 million over the period of next 25 years. A study conducted by Climate Policy Initiative and Indian School of Business along with experts from Jawaharlal Nehru University (JNU) and Indian Institute of Technology (IIT)-Delhi has found a great deal of potential in India’s renewable energy sector, including the solar and wind power generation segments. The two green energy sectors have started to outpace fossil fuel energy in terms of returns. It provides 12 per cent higher annual returns, 20 per cent lower annual volatility and 61 per cent higher risk-adjusted returns than conventional source of energy sectors like coal and the natural gas, the study has found. The study titled “An Assessment of India’s Energy Choices” was compiled in a series of four reports that looked at the future of renewable energy in the country and states where investors see their investment as less risky than others.

range of barriers to it reaching the full potential.”

“Econometric analysis of realistic renewable energy deployment out to 2042 shows that India could add between 2 million and 4.5 million jobs in wind and solar,” the study said.

“Our work shows that meeting India’s renewable energy targets is clearly associated with positive impacts for its economy,” he added.

Gireesh Shrimali, Director of CPI India said, “Unfortunately, while it is likely that the sector will continue to grow, there are a

India to See Job Surge in Solar, Wind Energy Sector: Report In India the employment generation in solar industry will see a boom in coming years. As the country is approaching to meet the target of 175 GW of clean energy by 2022 the demand for skilled workers will also soar. According to International Labour Organization’s (ILO) estimate, over 300,000 workers will be employed in solar and wind sector of the country. The ILO stated that actions to combat climate change will help in creating millions of jobs worldwide. In its annual flagship report on the state of global job market the UN labour agency said that by 2030 more than 24 million new jobs will be created in the industry. Titled as 'World Employment and Social Outlook 2018: Greening with jobs', the report "To meet the target, the number of workers required by ground-mounted solar, rooftop solar and wind power projects, will need to increase.” “The potential for employment creation is conditional on the domestic capacity of solar module manufacturing and the establishment of vocational training programmes and certification schemes," the report added. It said that in countries such as Denmark, Estonia, France and Germany, as well as in India, South Korea, the Philippines and South Africa, a number of environmental policies and national development strategies make reference to skills development for the green transition. The report noted that India has made environmental

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sustainability a central objective of its development strategy in its twelfth Five-Year Plan (2012–17) and set up a comprehensive framework for skills development for green transition at the national level, targeting key sectors and institutions like the Skills Council for Green Jobs was set up for the purpose in 2015. It further said, based on the identification of skills needed in these sectors, 26 new Technical and Vocational Education and Training (TVET) courses have been developed for occupations ranging from water treatment plant helper to solar project manager and improved cooking stove installer. The ILO report predicts that the transition to a green economy will also lead to the loss of six million jobs in industries that are heavily reliant on carbon-based production. It indicates that the regional winners from investment in energy use and production will be Asia and the Pacific, with 14 million jobs created, the Americas (three million) and Europe (two million).

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Investors Fear Depreciation in Rupee Likely to Affect Solar Tariffs: Study The fear of depreciation in rupee has struck a note of caution among companies investing in bidding for solar power. The fear looms that if left unhedged, the tariffs may increase and in turn will reduce their returns. According to report by India Rating, this could be due to a significant exchange rate variation between the bidding and finalisation time for projects. Almost 90 percent of India’s solar module requirements are imported that account to the 60 percent of the total cost of project. India Rating in a statement said "Most of the projects generally do not hedge rupee, given the short time frame between negotiation and delivery period. Therefore, any further depreciation in rupee will not just have an impact on the investor returns but also lead to increase in tariffs." The report says, "If the rupee depreciates to Rs 67 from Rs 65 between the time of tariff bidding and finalisation of terms of payment for module supply (which can easily extend to 6-8 months), the solar power developer will suffer an overall four paisa per unit reduction in margin, which is significant considering the modest margins for the developers.” India Rating noted the recent round of auctions conducted by NTPC for 750 MW of solar power has witnessed winning tariffs of Rs 2.72-2.73 per unit. "If rupee depreciates to Rs 72 from the current around Rs 68, the developer will incur a loss of about eight paisa per unit until the actual payments, as currency fluctuation is not covered by

the procurer under 'Change in Law' or any other clauses under the power purchase agreement (PPA)," it said. Ind-Ra further said the developers may also opt for reducing direct current to alternating current overloading ratio due to increased module costs, thereby negatively impacting the project's generation performance. "Also, any sharp fall in rupee could lead to delays in project execution, if the developer opts to renegotiate the module supply contracts to keep the costs at same levels as assumed for financial closure," it added.

Investors Fear Depreciation in Rupee May Affect Solar Tariffs: Study The fear of depreciation in rupee has struck a note of caution among companies investing in bidding for solar power. The fear looms that if left unhedged, the tariffs may increase and in turn will reduce their returns. According to report by India Rating, this could be due to a significant exchange rate variation between the bidding and finalisation time for projects. Almost 90 percent of India’s solar module requirements are imported that account to the 60 percent of the total cost of project. India Rating in a statement said "Most of the projects generally do not hedge rupee, given the short time frame between negotiation and delivery period. Therefore, any further depreciation in

rupee will not just have an impact on the investor returns but also lead to increase in tariffs." The report says, "If the rupee depreciates to Rs 67 from Rs 65 between the time of tariff bidding and finalisation of terms of payment for module supply (which can easily extend to 6-8 months), the solar power developer will suffer an overall four paisa per unit reduction in margin, which is significant considering the modest margins for the developers.” India Rating noted the recent round of auctions conducted by NTPC for 750 MW of solar power has witnessed winning tariffs of Rs 2.72-2.73 per unit. "If rupee depreciates to Rs 72 from the current around Rs 68, the developer will incur a loss of about eight paisa per unit

until the actual payments, as currency fluctuation is not covered by the procurer under 'Change in Law' or any other clauses under the power purchase agreement (PPA)," it said. Ind-Ra further said the developers may also opt for reducing direct current to alternating current overloading ratio due to increased module costs, thereby negatively impacting the project's generation performance. "Also, any sharp fall in rupee could lead to delays in project execution, if the developer opts to renegotiate the module supply contracts to keep the costs at same levels as assumed for financial closure," it added.

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Aurora Inks Evaluation Pact with another SMSL Member for Bifacial Solar Cell Line Solar cell measurement equipment specialist Aurora Solar Technologies has signed an evaluation pact with another Silicon Module Super League (SMSL) member in China.

document the accuracy, repeatability and ability to measure the properties of the bifacial cells. Moreover, the system is expected to be delivered in early June with a commercial decision expected after a three-month evaluation period.

The motive behind the deal is to document the capabilities of the company’s Decima Gemini measurement system and Veritas visualization system for this major producer’s new bifacial solar cell production facilities.

This is the third Super League member either evaluating or purchasing Aurora’s unique technology for advanced cell production lines.

As per the deal, the company will install and calibrate a Decima 3T Gemini System on the producer’s new bifacial production line and provide the Veritas process mapping software on an evaluation basis.

Besides, the company has received several recent requests to provide volume quotations from major producers of Passivated Emitter Rear Cells (PERC) based in China with decisions expected within few months.

The company will then work with the producer’s process engineers to

The SMSL is tracked by Solar Media Ltd and comprised of seven companies that

will each ship in excess of 4GW of modules this year. These include Jinko Solar, Hanwha Q Cells, GCL, LONGi Solar, Canadian Solar, JA Solar and Trina Solar.

California Mandates Solar Panels on All New Homes Taking a lead in the US, California has made it mandatory for homes and low-rise apartments starting in 2020 to have solar rooftop panels installed.

required by the new standards wouldn't be enough to meet all the needs of most homes. They would still have to draw some of their electricity from the power grid.

The move was approved unanimously by five-member California Energy Commission and is first of its kind in the country. It is seen as a latest effort to curb green house gas emissions.

Energy Commissioner Andrew McAllister said “This is a step, a very important step, in a long trajectory that we have been planning for and telling the world.”

Technical director for the California Building Industry Association, Robert Raymer described the move as “quantum leap,” and said "you can bet every other of the 49 states will be watching closely to see what happens.”

He further added “This is not a radical departure — it's a step in the right direction to reduce our greenhouse gas emissions and improve our air, which for many, many decades California has been doing better and better each time.”

The endorsement and the approval came after representatives of builders, utilities and solar manufacturing expressed their support for the initiative. It would however need final approval from California's Building Standards Commission. David Hochschild, a member of the Energy commission said “This is a very bold and visionary step that we're taking.” Although many homeowners, both new and old, choose to install solar rooftop panels with the help of rebate programs, the new plan would apply to newly constructed homes only. The minimum amount of solar power

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Dupont Displays New Expanded Product Portfolio at SNEC 2018 One of the major solar solutions provider, DuPont Photovoltaic Solutions unveiled its broader portfolio covering innovative materials as well as customer collaborations at 2018 SNEC International Photovoltaic Power Generation and Smart Energy Exhibition. Commenting on the company’s ambitions, DuPont Photovoltaic & Advanced Materials, Global Business Director, Chuck Xu said, “DuPont aims to bring high efficiency, high reliability material solutions to our customers through continuous innovation to enable sustainable growth of the PV market and attractive return of investment for solar power investors.” “We are proud to introduce at SNEC an expanded portfolio of products including a new generation of Solamet metallization pastes, new Tedlar backsheet materials as well as the addition of Dow Corning PV silicone products to our PV offerings,” Xu added. One of the new highlights is the clear DuPont Tedlar PVF film, an ideal backsheet material for bifacial modules

that can generate greater power output. As compared to a double glass module structure these backsheets provide higher reliability, lower operating temperature, up to 30% lighter weight, and a lower module installation cost. Moreover, these backsheets are expected to be a drop-in with most current manufacturing processes for backsheets and modules with little if any additional investment in equipment needed for most manufacturing processes. The company has got a successful collaboration with Huanghe Hydropower Development Co Ltd (HHSD), a leading clean energy subsidiary of State Power Investment Cooperation (SPIC) of China. During the exhibition, the company featured a 72-cell, high-power, bifacial module protected by clear Tedlar PVF film-based backsheet. The company said it continues to be an industry pacesetter for innovation in the solar industry by introducing leading performance metallization pastes. Solamet PV21x, the latest front side

silver, is designed by the company to enhance most mainstream cell technologies. Further, Solamet PV21x delivers better contact performance and high aspect ratios that enable cell efficiency enhancement >0.1% and maintains high throughput in mass production. The company will also display TwinPeak 2 Series, a multi PERC module from REC that showcases power output up to 300W. Besides, it showcased a multi c-Si cell from TATA Power Solar achieving >19% efficiency. Another spotlight is on IBC, the one paste solution to contact both P and N emitters which has been demonstrated in mass production by SHARP. During the Expo, a high-power module for rooftop application by SHARP will also be showcased by the company. With completion of the merger between Dow and DuPont, DuPont Photovoltaic Solutions is proud to broaden its PV offerings by integrating the Dow Corning brand portfolio of solar silicone solutions including sealants, adhesives, potting agents, encapsulants and electrically conductive adhesives. These state-of-the-art solar silicone solutions have enabled reliable solar systems with an increase in durability and efficiency. At 2018 SNEC PV Power Expo, the company will feature a field tested solar panel from BP Solar that demonstrates over 25 years of proven performance using silicone encapsulants from Dow Corning brand. Meanwhile, DuPont leaders and scientists will share their expertise on technology advancements and trends in the industry through panel discussions and in technical speeches throughout the SNEC Conference.

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Enphase, Waaree Announce 4.5 MW Solar Installation in India California-headquartered Enphase Energy and India-based solar panel maker Waaree Energies has announced 4.5 MW PV project installation using Waaree Enphase AC modules in Hosapet, India. This PV project will be the largest Enphase microinverter-based solar installation globally. Further, the system’s owner, an independent power producer (IPP) chose the Waaree Enphase AC module (ACM) due to its ability to generate solar power in low-light, diffused light or shaded conditions, maximizing its energy harvest in India’s harsh, dusty environment. Occupying 18 acres and powered by 13,235 Enphase Energy microinverters, the system is expected to provide more than 7,500 MWh of clean power annually to businesses in Bangalore and Karnataka state through a mix of short and long-term Power Purchase Agreements (PPA). Commenting on the development, Enphase Energy, Vice President and Chief Commercial Officer, David Ranhoff said, “This 4.5MW power plant installation represents Enphase’s entry into India’s utility scale photovoltaic (PV) segment, and proves that Enphase’s value proposition of outstanding reliability, safety and performance translates to large scale systems.” “The Waaree Enphase AC module is a high-quality product that

provides an efficient and cost effective installation process,” said Hitesh Doshi, Chairman and Managing Director, Waaree Energies Ltd. Speaking about Waaree Enphase AC modules, Diwakar Soltec Pvt Ltd, Founder and Director, K. Shreedhar said, “We are delighted to install Waaree’s mono-crystalline ACMs with Enphase Energy’s microinverters.” Meanwhile, Diwakar Soltec, a leading EPC firm based in Hosapet, India is due to commission the system in July 2018.

Fraunhofer ISE Develops Printed In-Situ Perovskite Solar Cells to Save Resources Besides silicon-based photovoltaics, which presently dominate the market, there are other materials, such as perovskite, that also show great potential. Scientists are testing the proof of concept of these new types of solar cells. Very innovative is a new process for fabricating solar cells using sustainable and more resource-friendly methods. Moreover, the number of production steps can be drastically reduced by reversing the manufacturing process. Such an in-situ concept for printed perovskite solar cells is being developed by the Fraunhofer Institute for Solar Energy Systems ISE. Further, with a record efficiency of 12.6 percent, the researchers have now reached an important milestone in the field of printed photovoltaics. Commenting on the development, Andreas Hinsch, reports, “With perovskite, a photovoltaic material that is currently being intensely investigated, and a photoactive salt, we have now succeeded, for the first time, in realizing a printed solar cell with an efficiency of 12.6%.” He further added that, “With this success, we have achieved a first, important milestone in upscaling this technology and moving it towards industrial production.” Besides, the certified laboratory efficiency that the scientists

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reached is also a new record for printed solar cells in general. The Fraunhofer scientists expect further efficiency improvements for their printed in-situ perovskite solar cells, not least because the perovskite material already has demonstrated efficiencies up to 22 percent, as evidenced in the scientific papers on non-scalable laboratory cells.

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Idaho PUC Creates Special Group of Solar Panel Owners The Idaho Public Utilities Commission in the United States has created a special group of Idaho power consumers who supply their surplus power that is generated from solar rooftops installed on their home to the utility. The Idaho Power has been asking for creation of special group since 2017. The main motive behind the ruling was that the existing cost of serving customers is not sufficient enough and the rates should be changed. According to the utility the customers were not paying their share of fixed costs it incurs in providing service. On the request of Idaho, Public Utilities Commission held two public rulings in March of this year. There were environmental groups like Idaho Conservative League who vehemently objected to the move of Idaho Power. The main reason for their objection was that how Idaho Power demonstrated the costs of providing its services.

Waterman, director of the Idaho chapter. He is of the opinion that a study should be done by independent, third-party consultants to look into the matter.

However utility said, “We can also assure the company’s customers that discriminatory rates will not follow from the outcome of this case. The commission views on-site generation as an inevitable part of any utility’s future resource portfolio.”

Waterman said, “If a fair study determines that Idaho Power is overcompensating customers for electricity they export to the grid, it may be appropriate to change those rates.”

“It puts the cart before the horse. Idaho is now the only state in the nation to force utility customers who generate their own electricity into a separate rate class without first completing basic studies to show the changes are justified, says ,” Zack

“Customers who take their energy needs into their own hands should not be forced to pay more for the electricity they purchase or foot or more expensive monthly fixed charge,” he added.

JA Solar to Supply 8.1MW High-Efficiency Mono PERC Modules in Brazil Solar power products maker JA Solar Holdings will supply 8.1MW of its highefficiency mono PERC modules to the first solar power plant utilizing PERC modules in Brazil. Located in Minas Gerais, this project marks the country's first ground-mounted utility-scale solar power plant to adopt PERC technology. It was acquired by Sindustrial, a leading construction and electrical panel manufacture company, and SolatioEnergia, the largest solar project developer in Brazil. The plant, which is situated in a semidesert area, will be powered by the company’s high-efficiency mono PERC modules. These high-performance solar modules can ensure high power and stable output under extreme environmental conditions

including high temperature and drought, optimizing profits generated from the solar plant for our customers. Commenting on the development, JA Solar, Vice President, Cao Bo said, “Brazil has abundant solar energy resources and represents a promising market for solar energy. JA Solar entered the Brazilian market in 2015, and provided a total of 254MW of solar modules for the country's biggest solar plant in 2016.”

“Additionally, we established our Brazilian subsidiary last year, expanding our presence and further supporting our customers and partners in the region. JA Solar is committed to our R&D efforts to develop high-performance solar modules. As a PERC patent holder, JA Solar is capable of providing our Brazilian customers with more reliable products and services,” Cao Bo added.

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INDIAN SUN After ousting teething troubles related to GST implementation, India firmly cements its place as the fastest growing major economy in the world by clocking GDP growth rate of 7.7 per cent during the January to March quarter of FY 18. India, being the Asia’s third-largest economy, clinched this position after surpassing China’s 6.8 per cent growth rate in the same period. However, for the full financial year ended March 31, 2018 country’s growth rate stood at 6.7 per cent, slipped from 7.1 per cent in FY17.

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FINANCE In Q4, the overall economic growth in the country which signaled quick turnaround aided by a faster pace of growth in manufacturing, farm sector, rapid construction activity powered by government investments, consumer spending and corporate investment give a fillip to the economy. However, the world’s seventh biggest economy’s growth picked up pace in an environment of rising price pressures, and set the stage for the country’s banking watchdog, the Reserve Bank of India (RBI),to hike interest rates for the first time in the last four years. RBI has surged the repo rate by 25 basis points to 6.25 per cent. The RBI’s move resulting in an ultimate trimming of money supplies in the economy and thus helps in arresting rising inflation and additional upside risks to the forecasts led by higher oil prices, exchange rate depreciation and other domestic factors. Backing the RBI’s decision of hiking repo rate, the International Monetary Fund (IMF) Spokesman, Gerry Rice said, “We welcome the Reserve Bank of India’s decision to increase the policy rate by 25 basis points.” Well! On the renewable energy front, globally, India stands 4th in wind power, 5th in renewable power and 6th in solar power installed capacity. Also, solar energy capacity increased by over 8 times from 2.63 GW in 2014 to 22 GW till date. Moreover, the renewable power installed capacity is currently about 70 GW and over 40 GW of renewable capacity is under construction or has been tendered, and India plans to complete the bidding process by the end of 2019-20 to add further 105 GW of installed renewable energy capacity by 2022. However, recently, a senior MNRE official said that they have new schemes like offshore wind, floating solar, which will help them over-achieve the current target of 175 GW, the Ministry's 'mission' is to add 225 GW by March 2022. In other recent developments in few months, the solar sector witnessed a wave of consolidation, with major players acquiring the smaller ones as the move will help build efficiencies in the market and allow companies to scale operations rapidly. On the financing front, India in order to achieve its targets will need at least USD 125 billion to fund a plan to increase the share of renewable energy supply in the country’s grid by 2022, underlining the enormous financing challenge ahead. Also, in order to achieve the International Solar Alliance (ISA) target of over 1,000 GW of solar generation capacity and mobilisation of investment of over USD 1 trillion by 2030, Prime Minister Narendra Modi during ISA summit, too, called for concessional financing and less-risky funds being made available for such projects. Meanwhile, tariffs in solar space in the world’s seventh largest economy crashed to record lows, making it cheaper as compared to coal-based electricity. Besides, in a move to provide temporary relief to solar power companies, another major regulatory hurdle, i.e. proposed 70 percent safeguard duty on solar imports, has also been paused

for now. Also, issues around funding started to be solved as power companies that used to rely on private equity investors are now heading towards public markets to raise funds. Moreover, global corporate funding into Indian players, too, on the rise with 30 percent of entire funding into the solar space coming to India previous year.

Loggerheads Nowadays, renewable energy industry, once growing at a faster pace, has become mired in uncertainty in FY-18, on the back of enormous challenges such as lack of policy clarity, fiscal changes, regulatory hurdles, trade policy uncertainty and commissioning of less number of projects. As per the World Investment Report 2018, Foreign Direct Investment (FDI) to India shrank to USD 40 billion last year against USD 44 billion in 2016. The report further added that financial uncertainty caused by significant risks to global trade is responsible for a sharp fall in international investment flows which could hurt developing countries the most. Besides, lack of FDI recovery among developing countries last year, since FDI is the largest external source of finance for developing nations, at around 40 percent. In another significant development, the report showed a 14 percent slip in the green-field investment which indicates how confident parent companies are about building operations in new regions. Another source of uncertainty in the solar space is the duty being considered on solar imports, i.e. either temporary safeguard duty or a long-term anti-dumping duty as around 90 percent of the solar modules used in Indian projects came from countries such as China, Taiwan and Malaysia. The reason behind this is that country’s domestic solar manufacturing capacity is very small and inadequate to feed the surging demand from developers. Besides, imposition of safeguard and anti-dumping duties on solar imports will raise the cost of solar power for developers, resulting in lower competitiveness of solar power, and will raise the cost burden on the financially overburdened power utilities. On local manufacturers’ perspective, solar imports jumped to 9,474 MW in FY18 from 1,275 MW in FY15. They claimed that flood of imports will destroy Rs 11,000 crore investments in the country. On the flip side, some developers believe that in such a scenario of safeguards duty (which recently paused) will raise solar tariff to Rs 4.50 per unit from Rs 2.50. Moreover, on RBI’s new guidelines on non-performing stressed assets, some power producers believe that this may push power projects with a capacity of about 60,000-70,000 MW towards bankruptcy as it will impact genuine defaulters or entrepreneur from further investment. It will also result in slow down a foreign investment in India’s power sector. In another significant development, Chinese government has paused the allocation of quotas for new projects till further

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FINANCE notice, resulting in tariffs in India’s next solar auctions may fall below the record low price of Rs 2.44. Meanwhile, investors were already anxious about the viability of projects if tariffs in the Asia’s third largest economy fell to Rs2.44 last year, and left many small players struggling.

Key Developments In spite of so many headaches, Allahabad High Court has provided some temporary relief by ordering that no action will be taken against the power companies on the basis of the RBI’s new stressed assets framework till the Finance Ministry hears their contention. However, the relief does not apply to wilful defaulters. As RBI laid down strict timelines under which insolvency proceedings must be initiated. It mandated that lenders classify even a single day delay in debt servicing as default. Also, for accounts with an exposure of Rs 2,000 crore or more, lenders will have to ensure that a resolution plan is in place within 180 days after a default. On the stressed assets a senior official of MNRE informed that a consortium of lender led by State Bank of India has short listed 11 such plants or projects with over 12GW under Samhadhan scheme or the Scheme of Asset Management and Debt Change Structure to takeover or sell such projects to avoid liquidation. Adding to it, over USD 42 billion investment was made in the country in renewable space during last four years. Also, Indian companies have started to explore foreign stock exchanges as a source of funds. As per the government statement, overseas investors can enter into the joint venture (JV) with an Indian player for financial and/or technical collaboration and for setting-up of renewable energy-based power generation plants. Also, 100 percent foreign investment as equity qualifies for automatic approval. Moreover, the Indian government is encouraging overseas investors to set-up renewable energy-based electricity generation plants on build own operate (BOO) basis. Besides, Rs 1.4 lakh crore KUSUM scheme aimed to promote the use of solar energy among farmers will be implemented from July 2018. As per the scheme, the government has already planned to provide 27.5 lakh solar pumps i.e. 17.50 lakh standalone and 10 lakh grid-connected. In this scheme the Central Government will contribute Rs 48,000 crore, while farmer will have to pay only 10 percent and remaining Rs 45 crore will be arranged via loan from the banks. Further, for the revival of debt laden discoms, interest cost of over Rs 20,000 crore is saved by discoms under UDAY scheme whereas aggregate technical and commercial losses have been decreased in seventeen states within a single year of operation. Besides, the scheme helped discoms to bridge revenue gaps by 33 percent in a single year of operation and the country’s rank significantly improved to 29 in 2018 from 111 in 2014 on the World Bank's ease of getting electricity ranking. In another significant development, Asia’s third largest economy may be the biggest beneficiary of solar industry reforms in neighbouring country, China, that are poised to slash prices for

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PV panels. As China is mulling to halt approvals of some new solar projects this year and likely to cut subsidies granted to developers to ease its speed of expansion and that is expected to slow demand in the world’s biggest market, weakening prices, and force the country’s manufacturers to export more of their solar equipments overseas. Besides, on the occasion of World Environment Day, the Rural Electrification Corporation (REC), a government-owned power sector financer, has announced a USD 1 million contribution to the ISA. Meanwhile, in providing some relief to the renewable industry, the government has waived the Inter State Transmission System (ISTS) charges and losses for inter-state sale of solar and wind electricity for plants to be commissioned by March 2022. The move will help in encouraging setting-up of the power plants in the states that have greater resource potential and availability of suitable land. It also helps in creating renewable power market across the country, so that the excess generation of the state’s own requirement could be transmitted to the resource poor states without extra financial burden.

Way Forward Despite Asia’s third largest economy’s rank improved to 29 in 2018 from 111 in 2014 on World Bank’s ease of getting electricity ranking. India wants foreign capital to account for a bulk of its investments to meet its renewable energy target. However, in current scenario, India’s most of the financing for renewable drive so far came from domestic lenders and these lenders have to account for the lion’s share of new renewable investments in the future. To make solar manufacturing sector more competitive a more strategic manufacturing policy is required as in the long run, trade remedies do not help build an industry. - MANU@MEILLEURMEDIA.COM

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THE CONVERSATION

Basant Jain

Chief Executive Officer, Mahindra Susten The government’s target of 40GW generation from rooftop is ambitious and achievable through robust implementation of supporting policies. Currently, all states have different policies in terms of eligibility, approval processes and technical and nontechnical specifications. The need of the hour is to have a unified policy with a single window implementation framework, believes Basant Jain, Chief Executive Officer, Mahindra Susten, part of $20.7 billion Mahindra group and a leading player in the Cleantech space. In conversation with Manu Tayal, Sub Editor, Saur Energy International, Jain spoke at length about his company’s future expansion plan in the renewable energy segment. Following are the excerpts from that exclusive interview.

Being a major player in the solar space, how do you contribute towards India’s clean and green energy initiative? Mahindra Susten (Part of USD 20.7 Billion Mahindra group) is a leading player in the Cleantech space. It is amongst India’s top 2 companies providing turnkey EPC solutions for grid connected solar projects and has delivered over 1400 MWp till date and another 1100 MWp is under execution. Our vision is to be the world’s most admired brand in sustainable infrastructure and renewable energy. In the previous financial year FY’18, Susten has entered international markets and is on its way to delivering close to 660MWp of solar projects. Susten is also a leading player in Distributed Solar space in India. We cater to commercial, industrial, institutional and rural customers through offerings such as rooftop top solar projects, ground mounted solutions, solar powered carports, solar petrol pumps, solarized telecom towers, solar water pumps and microgrids. We offer turnkey project execution services with after sales operation and maintenance support. The solar segments, both Utility and Distributed, have seen a consistent growth of over 20% CAGR. Mahindra Susten’s developer arm has 335MWp Solar PV assets commissioned and 337MWp currently under various stages of development. Susten also has a thriving solar plant O&M business with portfolio of over 1800MWp. We at Mahindra Susten believe in innovation & strive to develop affordable solutions for India to achieve energy security.

As in the past few years, so many energy storage tenders have been cancelled. How do you see the future of energy storage space in India?

Battery prices are continuously falling making its economics better and when coupled with solar power, the combined energy solution can be a true 24x7 green power option. There are also new areas that are emerging: wind-solar-storage integration, energy-usage optimization based on tariff, and

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adoption of electric vehicles (EVs). These will provide a push for quicker adoption of storage technology. Some of the energy storage tenders in India were cancelled and Susten was unfortunately on the losing side. Such events do not augur well for the industry which requires some early demonstration of storage technology adoption at a large scale. However, we hope that such events were more of exceptions than a trend and hopefully will not continue in future. Mahindra Susten had emerged the lowest bidder last year and won the bid to set up the 28-MWh project for NLC (formerly Neyveli Lignite Corporation) in Andaman & Nicobar Islands, which was eventually annulled. We are keen to work closely with government to develop a robust solar-plus-energy storage facility in the islands and other possible places.

Recently, the Petroleum Minister said that India’s energy mix will be substantially complemented by renewable energy. What scope do you see as a wellestablished EPC player in the solar segment? This is a positive news, especially in the distributed solar segment. Industries and businesses are aligning themselves towards more sustainable energy solutions. Rising fuel prices, limited reliability of grid based power supply and focus on the green mandate are currently driving increased adoption of solar PV technologies in the commercial and industrial space. Limited electricity access and the operational hassle of fuel based energy solutions have led to increased investment in solar solutions and off-grid solar products in the rural space. Reputed EPC players such as Mahindra Susten not only bring innovative technical solutions but also varied business models and a strong service network that enable large scale adoption of decentralized renewable energy technologies. Remote monitoring technologies and predictive analytics based O&M platforms further assist in creating a seamless customer experience.

THE CONVERSATION

The government’s target of 40GW generation from rooftop is ambitious and achievable through robust implementation of supporting policies. Currently, all states have different policies in terms of eligibility, approval processes and technical and non-technical specifications. The need of the hour is to have a unified policy with a single window implementation framework.

In the present scenario, what are the major challenges that EPC players in the domestic solar industry is facing? In your opinion, how these issues can be resolved? Indian Solar Power Industry has witnessed a healthy capacity addition of 8GW in 2017, taking the total solar installed capacity to 22GW. In a bid to get a foothold in the massive Indian solar market, developers have been seen bidding aggressively and the drop in tariff rates are adding margin pressures to the EPC players. Adding to the woes of margin pressures are the uncertainties that have developed in the last two quarters of 2017, related to anti-dumping duty, safeguard duty, customs duty classification. Recently announced bids have therefore seen fewer participation by developers, and some of the bids have gotten extended or delayed. These uncertainties have in turn resulted in a dry pipeline for the solar EPC players. The third set of challenges faced by EPC players is the unavailability of skilled labour. The challenges posed by uncertainties in duties are not going to deter the National Solar Mission and is only a temporary phase until regulatory authorities bring in clarity to toward these. It is essential that the projects that have been awarded prior to emergence of these uncertainties should be ring-fenced and safeguarded to help developers realize project feasibility and so as to avoid a potential threat to the EPC players. The skill development program named Surya Mitra under National Institute of Solar Energy (NISE) is a welcome move by Ministry of New and Renewable Energy (MNRE) to address the challenge of skilled labour. Mahindra Susten has initiated an inhouse program ‘Project Suryashakti’ under the Surya Mitra scheme. Three batches with 52 candidates that includes 35 girls have been trained so far, and nearly 20 of them have been inducted by Susten. Our training centre got accredited by National Skill Development Corporation of India (NSDC) under Skill Council for Green Jobs (SCGJ), an institutionalised structure promoted by Ministry of New & Renewable Energy (MNRE), GoI and Confederation of Indian Industry (CII) which works under PMKVY (Prime Minister Kaushal Vikas Yojana) of National Skill Development Corporation (NSDC).

Being Mahindra Susten, the renewable energy arm of the $20.7 billion Mahindra Group, what is your future action agenda in the next five years? Mahindra Susten plans to expand our footprint globally and

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THE CONVERSATION

foray in the international markets bagging orders in Saudi Arabia and Bangladesh. With the first quarter of FYâ&#x20AC;&#x2122;19 seeing an improvement in the industry scenario with bids of over 10GW being announced, the Company is confident of steady increase in volumes & revenues across various business units coupled with expansion into other promising geographies. There was good traction in the Distributed Solar and Design-Build solutions business divisions with orders from new marquee clients and large repeat orders from existing customers. We also plan to scale the Distributed Solar into rural and residential segments through productized offerings and an extensive service network across the country.

260MWp Ghani, AP Location: Ghani, AP Technology: Poly Crystalline Module have already set foot on Saudi Arabia (400MWp), Bangladesh (260MWp) and Thailand (7MWp) in FY18. We also plan to grow our development portfolio to 2000MW by 2020. Susten extended its Operations & Maintenance services to other IPPs in FYâ&#x20AC;&#x2122;18 and have been receiving encouraging feedback for the quality of services. We plan to grow the O&M portfolio to over 8000MWp in the next 2 years. We are a technology enabled company and we look forward to redefine the paradigm in the Renewable Energy Industry globally through such initiatives.

Like other renewable energy players in the country, do Mahindra Susten being a portfolio company of Mahindra Partners, the $1 billion private equity division of Mahindra Group, have any future plans to go public? Mahindra Susten has not planned to go public in the near future but will gear up for the same in the next 3 years.

How has been YoY growth for Mahindra Susten and any key announcements which the existing and prospect customer base shall await in 2018? The company had a challenging year in the utility solar sector with various uncertainties including potential levy of anti-dumping duty & safeguard duty, lack of clarity on GST rates applicable for construction of Solar power plants etc. Also, there was a decline in the number and quantum of solar bids compared to previous year. Utility division made a

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Our Existing MSAT100 offering, an Independent Row Tracker, has an installed base of close to 500 MW. Ease of installation & maintenance are at the core of our design, providing the simplicity of a fixed tilt module mounting system in a tracker. All components are meticulously designed to ensure minimal wear and tear from wind exposure, extreme temperatures or severe weather events. We have filed for 5 Indian patents on tracker, including patent on innovative bearing design, housing and unique tracking mechanism. With the success of MSAT100, we will be launching our next generation tracker in 2018. The new tracker will build on all the ease of installation and reliability aspects of MSAT 100, while also provisioning for the latest trends in Modules along with global supply chain and installation capabilities.

52MWp and 32.5MWp Location: Charanka, Gujarat Technology: Poly Crystalline (Fixed Tilt + Tracker) & Thin Film (tracker)

UPDATES

TECH

Highest Power Density for 650V IGBT in Surface Mounting D2PAK To expand its market and product portfolio, Infineon Technologies has expanded with introducing thin-wafer technology TRENCHSTOP5 IGBT. The new product family is offering up to 40 A 650V IGBT, copacked with a full rated 40 A diode in a surface mounting TO263-3 also known as D2PAK. The introduction of TRENCHSTOP 5 IGBT in D2PAK package will serve a growing demand for higher power density in power devices for automated surface mounted assembly. The product can be used in applications that require highest power density and efficiency. Those include solar inverters, uninterruptible power supply (UPS), battery charging, and energy storage. The company is the first to fit a 40 A 650V IGBT together with a 40 A diode in D2PAK housing. It will also help in allowing higher power destiny in a smaller chip size. With other co-packed solutions delivering only 75% of the power the new product by the company offers a higher rating than any other product in the market. The high power density of the new devices enable designers to upgrade existing designs, develop new platforms with up to 25%

higher power output or to reduce the quantity of power devices used in parallel and thus allowing more compact designs. The unique co-packed 40 A in D2PAK can be considered as an alternative to D3PAK or TO-247 used for surface mounting. This supports easy soldering, leading to fast and reliable assembly. The product family comprises 15 A, 20 A, 30 A single IGBT and 15 A, 20 A, 30 A and 40 A IGBT co-packed with the same current freewheeling diode. Infineon at the PCIM 2018 At the PCIM 2018 tradeshow Infineon is presenting leading edge technology for efficient systems in industrial, consumer and automotive applications. Infineon’s demos for empowering a world of unlimited energy are presented at booth #412 in hall 9 (Nuremberg, Germany, 5-7 June 2018).

Imagining Application of Water to Store Renewable Power is a Step-Away! Imagining water to store electricity can surely make your drink one more glass right-away as scientist have discovered a battery that is known to operate through the inevitable chemical equation of life, H2O.

stores electrons in the form of hydrogen gas," he added.

Scientists at the Stanford University are working on this unique project which is set to change the course of current battery technology especially for renewables where storage has not managed to stand up front because of its cost.

The researchers also attached a power source to the prototype is to mimic how a wind or solar source might feed power into the battery.

The reversible electron-exchange between water and manganese sulphate, paper, fertilizers, and other products were coaxed by researchers to come up with the prototype.

This revolutionary yet cheap technology can store solar and wind energy subsequently and then easily can be fed to the grid and later redistributed when the demand is high.

The electrons flowing in reacted with the manganese sulphate dissolved in the water to leave particles of manganese dioxide clinging to the electrodes. The excess electrons bubbled off as hydrogen gas thus storing that energy for future use.

The journal Nature Energy described the prototype as manganese-hydrogen battery is 3 inches tall and generates just 20 milliwatt hours of electricity which can power a LED flashlight one might hand on a key ring.

It is pertinent to mention here that the researchers already knew how to recreate electricity from the energy stored in hydrogen gas but the important task was to recharge the water-based battery.

“Anganese-hydrogen battery technology could be one of the missing pieces in the energy puzzle - a way to store unpredictable wind or solar energy so as to lessen the need to burn reliable but carbon-emitting fossil fuels when the renewable sources are not available,” said Yi Cui, a professor at Stanford University in the US.

However, the task was accomplished by re-attaching their power source to the depleted prototype, this time with an aim of inducing the manganese dioxide particles clinging to the electrode to combine with water, replenishing the manganese sulphate salt.

"What we have done is thrown a special salt into water, dropped in an electrode, and created a reversible chemical reaction that

Chi said "Given the water-based battery's expected lifespan, it would cost a penny to store enough electricity to power a 100 watt lightbulb for twelve hours."

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GRID

UPDATES

Chhattisgarh Envisions 600 MW Capacity Solar PV Installations (CREDA) purpose is to curtail the dependence on electricity generated from fossil fuel and make buildings self-reliant vis-àvis electricity. Pertinent to mention here that the Ministry of New and Renewable Energy (MNRE) has asked Chhattisgarh Government to create 2000 'Suryamitras' so to fill the workforce in solar energy sector with skilled people in next five years. Sponsored by the MNRE, Suryamitra Skill Development Program (SSDP) has objectives to train and inculcate skills in youth needed for installation, operation and maintenance of the solar energy power projects both within the country and overseas. To embark upon the solar fleet and make its presence felt the state of Chhattisgarh foresees the installation of PV rooftop projects with total capacity of 600 MW in various classifications across the state. The grid-connected solar PV rooftop projects will be installed across the state and the power generated will be consumed by those in proximity and the surplus power will be fed to the grid.

A status report put out by MNRE said that as on 31 October 2017 the state of Chhattisgarh has ordered the grid-connected solar projects with the aggregate capacity of 128.91 MW. Besides Gujarat, Himachal Pradesh, Kerala, Karnataka, Punjab, Rajasthan, Manipur, Haryana, Uttar Pradesh, Telangana, Andhra Pradesh, Tamil Nadu, West Bengal & Uttarakhand, Chhattisgarh is among the state with stated policy that supports grid-connected rooftop systems.

The Chhattisgarh Renewable Energy Development Agency’s

Dwarka Housing Society Gets First Grid-Connected Rooftop Solar Plant In the residential housing society of Dwarka, Delhi Electricity Distribution Company (discom) BSES-Rajdhani has installed its first grid-connected 100 KW solar rooftop plant. BSES in an official statement stated that 100 KW grid-connected rooftop solar society, the first of its kind, has been installed on Shiv Bhole Cooperative Group Housing Society (CGHS) in Dwarka. “Each of the 60 flats will save around Rs 4,500 annually in their electricity bills, while the solar plants will be able to offset around 32 per cent of a resident's annual carbon emission,” BSES said. “The plant has been installed by Green Ripples Pvt Ltd following RESCO business model that entails providing electricity at a cost identified through competitive bidding, which in this case is Rs 2.66 per kWh (kilowatt hour) net of generation-based incentive, and is around 2.40/kWh less than the tariff of BSES Rajdhani Power Ltd (BRPL),” it further added. Under the Indo-German Solar Partnership project, the Solarise Dwarka initiative was launched in January and is implemented by BRPL in partnership with Deutsche Gesellschaftfür Internationale Zusammenarbeit (GIZ India). The plant was inaugurated by German Ministry of Economic Cooperation and Development’s South Asia Division Head Wolfram Klein. Speaking at the inauguration Klein said, “It is quite encouraging

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to see people participating in the energy transition in India; that is the only way to have a sustainable energy transformation, similar to what we saw in Germany.” BRPL Chief Executive Amal Sinha said on the development, “We would like to achieve at least 2.5 MW of solar installation within Dwarka, and are convinced of the increased role solar and other green energy would play going forward.”

UPDATES

INVERTER

Sungrow to Supply over 50 MWh ESS Solutions to North America One of the leading solar PV inverter solutions provider Sungrow has won the projects aggregating over 50MWh following the ESA Energy Storage Conference & Expo held in Boston, Massachusetts. Further, these projects will span multiple sites across Massachusetts, California and Ontario, using customized systems including its recently launched 2MW4.2MWh system solutions. The company has proved to be a onestop shop for all commercial and utilityscale energy storage system needs. It supplies energy storage inverters, Liion batteries and advanced battery management systems through its joint venture with Samsung SDI, known otherwise as Sungrow-Samsung SDI

(SSEP). Moreover, targeting large C&I and frontof-meter utility applications, SSEP's 2 MW-4.2 MWh system integrates all functions and system auxiliary components, which are certified to UL1741-SA and UL9540 standards. The fully integrated package offers the optimized performance and maximized system efficiency and is designed for easy deployment with low O&M costs and 'all in one' warranty approach. Commenting on the deal, SungrowSamsung SDI, President, Jiamao Wu said, “2018 has been a very fruitful year for Sungrow ESS Business, and the US market has quickly become one of the most important pillars for Sungrow. We are very delighted to work with our

partners to deliver our latest 2MW4.2MWh solution to the North America market.” The company’s ESS solution is leading the trends in the high-end energy storage market and is quickly becoming tier-one ESS system solution provider in the North American market.

Enphase Energy Hires Ramesh SubbaRao as GM Commercial Operations India Solar microinverters provider Enphase Energy has appointed Ramesh SubbaRao as Vice President and General Manager, India Commercial Operations. He will oversee the company’s commercial operations in the India region, with a focus on the country’s dominant commercial and industrial (C&I) segment. Commenting on SubbaRao’s appointment, Enphase Energy, Vice President and Chief Commercial Officer, David Ranhoff said, “We are pleased to have Ramesh join our team in India.” “He brings to Enphase many years of managing C&I and utility operations for the India market and experience leading international teams. With Ramesh joining Enphase, we are adding executive-level leadership to help grow our customer base in India, while leveraging his C&I and utility experience to strengthen our commercial operations worldwide,” Ranhoff added. Ramesh brings with him more than 23 years of semiconductor and renewable energy experience. Before joining Enphase, he was the Chief Operating Officer for Asia at Lightsource BP, Europe’s largest solar developer with more than 1.3 GW developed and 2 GW assets under management. Prior to that Ramesh was Managing Director, APAC operations at SunEdison where he led a team of 150 people responsible for the engineering, construction and commissioning of over USD 1 billion in solar and wind projects across India, China, Japan, and Southeast Asia.

He received his Bachelor of Science degree in Computer Science from Birla Institute of Technology and Science (BITS), Pilani. On his appointment, Ramesh SubbaRao said, “I am thrilled to join Enphase during its pivotal growth stage in India.” “India has set a target to deliver more than 100 GW of gridconnected solar power projects by 2022, offering Enphase an opportunity to build a strong footprint and expand its share in one of the world’s largest and fastest growing solar markets. I look forward to working with the talented team to implement innovative go-to-market strategies that will further strengthen Enphase’s position, customer base and value proposition,” he added.

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STORAGE

UPDATES

China Successfully Tests Battery for Renewable Energy Storage For the first time a lead carbon battery for storing power generated from solar panels is developed by Chinese scientists. The claim is that with such devices at disposal the electricity supply is stable for use. The project of energy storage system with batteries was tested in Dalian Institute of Chemical Physics in northern China’s Liaoning Province. To lighten up the campus there are around 46 streetlights and landscape lights operating at the institution. Each lamppost has an attached battery under it which is connected to the solar panels of the lampposts. It was developed by a team of researchers led by Professor Li Xianfeng and Professor Zhang Huamin who claimed that a fully-charged battery can power a streetlight for more than 23 hours.

According to scientists the power generated by renewable energy sources was not continuous and stable, making it difficult to regulate.

On the pilot project the battery has shown a 100 per cent recharge rate and safety performance.

they added further.

The battery can ensure a stable output of electricity. Once applied, it can help push the use of clean energy from an auxiliary to a dominant power generating source,

The research was launched under a contract signed between the institute and the Baoding Fengfan Co., Ltd. under the China Shipbuilding Heavy Industry Group

Eastman's Maintenance-Free Gel Batteries Successfully Hits Energy Storage Market The gel batteries manufactured by Eastman Auto and Power, a leading company in the energy storage segment and solar solutions, are making a mark in the power backup market and are gradually replacing the conventional batteries. The highlight of gel batteries is that the electrolyte contained in it does not flow like a liquid ensuring an instant start and long-lasting performance. The spill-proof technology minimizes chances of corrosion and making it compatible with sensitive equipment. These batteries have a low rate of discharge as compared to the flooded lead-acid batteries thus minimizing the chances of premature battery failure. They are environment-friendly, safe, secure and do not emit unpleasant fumes. Gel batteries are preferred over conventional batteries as they are the

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next generation maintenance-free batteries that last longer and provide backup power whenever you need it. They are designed to withstand extreme weather conditions. They do not require adding of demineralized water during its entire lifetime. They work well even during cold weather. Speaking about the company’s maintenance-free gel batteries, Eastman Auto and Power, President, Marketing and Product Strategy, Saurabh Srivastava said, “Due to the steady pace of urbanization, there is a growing need for highly reliable and virtually maintenance free power back-up solution that meets the expectations of consumers. Leveraging a cutting-edge technology, Eastman’s gel batteries have an advantage over traditional batteries due to non-spillage and no requirement of topping with distilled water during its entire lifecycle.”

Eastman’s gel batteries have a higher lifespan due to the antimony-free alloy. In addition, low electrical resistant and high porosity corrugated silica material improves electrical performance. Currently available in three modelsE115G(115Ah), E165G(165Ah) and E225G(225Ah), they have a wide range of applications ranging from emergency lights, communication power supply, office automation equipment, electrical power equipment to solar power plants and water pumps.

UPDATES

STORAGE

NavSemi Technologies Now Becomes Alpha Tech Energy Solutions India

Ideal Energy Picks NEXTracker's NX Flow for Solar-plus-Storage System in Iowa

Bangalore-based solar energy equipment supplier NavSemi Technologies Private Limited has changed its name to Alpha Tech Energy Solutions India Private Limited.

Iowa-based Ideal Energy has selected NEXTracker NX Flow integrated solar-plus-storage system for its 1.1 MW power plant at the Maharishi University of Management (MUM) in Fairfield, IA.

The company’s move is part of an initiative to better reflect its connection to its parent company Alpha Technologies, Inc. USA. “The change is intended to better position us in the market by leveraging the brand and values of Alpha with its 40-year legacy of visionary, market-driven power technology, focused on providing the most reliable, innovative and efficient solutions,” the company said in a statement. However, NavSemi Technologies confirmed that, there has been no change in the management and no change in the range of product/ services it offer. Additionally, the name shall not impact the company’s ongoing cooperation or agreed terms, it added. Alpha Technologies Inc., a member of the Alpha Group, provides the cable TV/ broadband, industrial and renewable energy industries with the most reliable, technologically advanced and cost-effective powering solutions available. NavSemi Technologies is a global company focused in design and manufacture of innovative solutions for solar energy generation and storage.

In addition to those savings, NX Flow will use peak-shaving to significantly reduce MUM's utility bill during high-demand times. NX Flow's energy storage system integrates battery, solar tracker, inverter, and software technologies to improve return on investment for owners of solar power plants. At the core of the system lies an advanced vanadium flow battery (VFB), which is DC-coupled with the photovoltaic array. Commenting on the development, NEXTracker, Chief Technology Officer, Alex Au said, “NX Flow’s solar-plus-storage solution for Maharishi University of Management will make it a benchmark for advanced energy in Iowa.” “NEXTracker looks forward to pairing more storage solutions with the leading solar plant installation expertise of Ideal Energy and partnering with utilities for win-win solutions. Together we can help drive the fast growth trajectory of the Midwestern market for advanced renewable energy solutions. We're also pleased to help lessen the demand charges and utility bills faced by customers in Iowa,” Alex added.

New Water-Based Battery to Store Solar, Wind Energy Imagining water to store electricity can surely make your drink one more glass right-away as scientist have discovered a battery that is known to operate through the inevitable chemical equation of life, H2O. Scientists at the Stanford University is working on this unique project which is set to change the course of current battery technology especially for renewables where storage has not managed to stand up front because of its cost. This revolutionary yet cheap technology can store Solar and Wind energy subsequently and then easily can be fed to the grid and later redistributed when the demand is high. The journal Nature Energy described the prototype as manganese-hydrogen battery is 3 inches tall and generates just 20 milliwatt hours of electricity which can power a LED flashlight one might hand on a key ring. “Anganese-hydrogen battery technology could be one of the missing pieces in the energy puzzle - a way to store unpredictable wind or solar energy so as to lessen the need to burn reliable but carbon-emitting fossil fuels when the renewable sources are not available,” said Yi Cui, a professor at Stanford

University in the US. "What we have done is thrown a special salt into water, dropped in an electrode, and created a reversible chemical reaction that stores electrons in the form of hydrogen gas," he added.

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CleanMax Solar Donates Rooftop Solar Plant to Ahinsa Sthal in Delhi In a step towards environment conservation, Gurgaon-based solar developer, CleanMax Solar, has donated a 6.4 kWp rooftop solar plant to Ahinsa Sthal, a prominent Jain temple in Meherauli, Delhi. With this installation, Ahinsa Sthal has replaced over 35 percent of it’s power consumption and estimated to save Rs 50,000 per year on its electricity bills. Moreover, this recently commissioned plant is also equipped with net-metering facility, allowing the temple to export 25 percent of the solar energy back to the grid. Commenting on the development, CleanMax Solar, Founder & Managing Director, Kuldeep Jain said, “India is a diverse and pluralistic nation with countless temples, mosques, gurudwaras, churches and other institutions, reflecting the devotion of their respective communities. When such institutions move towards sustainability, they set an example for the public to adopt sustainable ways of living. We are extremely happy to help Ahinsa Sthal reduce its dependence on conventional sources of

energy and adopt rooftop solar projects to meet their daily power needs.” “We are thankful to CleanMax Solar for donating this solar plant to our temple. We believe the future is in preserving nature and utilizing renewable resources to meet our daily needs. Due to this installation AhinsaSthal is replacing more than 35% of its electricity consumption. As the disciples of Lord Mahavira, we believe in non-violence towards not only humans but also nature. This initiative is a significant step towards reducing carbon footprint without harming any natural resources,” said Vinod Jain, Trustee, Ahinsa Sthal.

Dominion Energy Virginia Ranks Among Top 10 US Utility Solar Companies American power and energy firm, Dominion Energy Virginia has been ranked among the nation’s top 10 utility solar companies by the Smart Electric Power Alliance (SEPA). SEPA is a non-profit organization dedicated to working with electric power stakeholders. Dominion Energy has been ranked based on its addition of 247 MW of solar generation during 2017. In the past few years, the company’s development of solar has grown rapidly. Since 2015, it’s solar capacity in Virginia has increased more than 630 percent, a factor that has boosted the state's solar ranking as well. Virginia was ranked 10th in the nation in solar capacity for 2017 by the Solar Energy Industries Association, largely due to Dominion Energy's solar projects. The company has a total solar capacity of 746 MW under operation or development

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in the state. That's enough to power 186,000 homes at peak solar production and represents nearly enough solar panels to stretch across the country from Miami to Seattle. In next 15 years, the company’s solar fleet could expand by at least 4,720 MW of capacity, according to the company's

Integrated Resource Plan filed yesterday with the Virginia State Corporation Commission. That's enough energy to power 1.18 million homes at peak sunlight and a nearly 50 percent increase over the forecast of 3,200 MW presented last year.

UPDATES

Energy is a Basic Human Right, says Schneider Electric at Sustainable Energy for All Forum Schneider Electric, a digital transformation of energy management and automation, recently participated in the Sustainable Energy for All (SEforALL) Forum in Lisbon. The theme of the forum was “leaving No One Behind”. The participants include 750 high-level representatives from government, business, civil society and international organizations. The agenda was to share the latest evidence of progress on SDGH7and scalable innovations in providing energy efficiency around the world. “We believe Access to Energy is a basic human right, and it must be addressed through a multi-stakeholder approach. As such Schneider Electric contributes with technical solutions, but also with a social approach that combines Vocational training, Entrepreneurship and Impact investing,” said Gilles Vermot Desroches, Chief Sustainability Officer of Schneider Electric and General Delegate of Schneider Electric Foundation. A report that analyses the progress in three key area, government regulation, financing and technology that opened doors to accelerate rural electrification was also unveiled by the Schneider Electric at the SEforALL forum.

benefited from its Access to Energy offer and the company already trained 148,145 people and supported more than 1,000 entrepreneurs in the energy sector with the aim of helping local communities acquire the key skills they need to sustainably develop access to energy. By 2025, Schneider Electric commits to facilitate access to energy to 50 million underprivileged people using their low carbon solutions, to train 1,000,000 underprivileged people in energy management, and to support 10,000 entrepreneurs in underprivileged countries, said a Schneider release. In India, Schneider Electric has provided access to electricity to 700,000 households, benefitting nearly 3.5 million people. At the beginning of this year, Schneider Electric signed a fouryear partnership with Sustainable Energy for All with the aim to contribute to accelerate progress towards the United Nation’s sustainable Development Goal 7 on Energy. Through this partnership, the company aims to help and develop and effectively implement four programs: “Building Efficiency Accelerator”, “Industrial Energy Efficiency Accelerator”, “PeopleCentered Accelerator” and the upcoming “Electrification Accelerator”, ensuring that the right resources are available.

According to the company, since 2009, 20+ million people have

Hanergy Launches New Thin-film Solar Powered 'Humbrella' With Humbrella, children in these regions will be able to enjoy more high-quality reading time. Commenting on the product launch, Hanergy, CEO, Li Hejun said, “Hanergy has been striving to leverage our world-leading thin-film technology to provide accessible and clean energy to the world.” “Humbrella is the latest addition to our growing roster of mobile energy solutions. With our unique technological strength and R&D commitment, we are confident that our products can transform many industries to make them much more green and efficient,” Li said. The Humbrella integrates functions including off-grid power supply, electricity storage, night lighting, and terminal charging. In a major move for the global mobile energy industry, Hanergy has launched its new product ‘Humbrella’, a thin-film solar powered umbrella providing clean, free and consistent electricity to people in energy-scarce areas of the world. The company has announced, at the launch of its ‘Lighting Africa’ CSR project, that it would donate the first batch of a million RMB (USD 160,000) solar-powered umbrellas, or ‘Humbrellas’, to regions of Africa where electricity shortages routinely prevent children from having enough time for study.

It can collect sunshine and convert it into electricity and save up to 40000mAh of power, enough for 10 hours of quality night reading time. In addition to lighting, the Humbrella can charge several mobile phones or small appliances like electric mosquito repellent via 4 USB ports built into the handle of the umbrella. The Humbrella has a diameter of 2.7 meters and weighs only 8.8 kilograms due to Hanergy's amazingly light and flexible thin film solar panels.

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Hartek Solar Introduces Plug-and-Play Rooftop Solar Power Kits Suitable for houses, nursing homes, hotels, housing societies, small & medium enterprises and small commercial establishments, solar power solution provider Hartek Solar has launched a customised 5-10 KW plug-and-play rooftop solar kits, the company said. “The company plans to install at least 100 units in residential commercial and industrial areas over the next six months targeting the Tricity as well as industrial clusters in Ludhiana, Dera Bassi Baddi and Mandi Gobindgarh,” said Simarpreet Singh, Founder-Director, Hartek Solar. Hartek Solar’s rooftop solar kits come with an option of a unique remote sensing technology tailor-made for small-scale solar plants. Singh said these plug-and-play kits, which will cater to both gross metering and net metering consumers, promise to be a game changer in driving the demand for rooftop solar owing to the advantages they offer. “Not only do these solar kits offer lower labour and maintenance costs on account of the optimised design, their non-invasive structure with roof protection pads also rules out any damage to reinforced cement concrete (RCC) roofs, he said. “We are going all out to tap the small-scale solar market by adopting a cluster-based approach to reach out to end

consumers. Besides approaching commercial establishments and medical, hotel and restaurant associations, we will also be conducting door-to-door campaigns to draw on the residential category,” said Hartek Singh, Chairman, Hartek Group. “There are 1.75 lakh electricity consumers in the domestic category in Chandigarh. While shortage of space in the city is a major constraint, the adoption of rooftop solar in the residential category can make all the difference, he added.

Heraeus Photovoltaics Expands Expertise Beyond Paste - To Unveil New Products at SNEC In order to expand its portfolio and add new products in the industry Heraeus Photovoltaics, a leading technology solution provider for the renewable energy industry, is set to unveil a variety of solar cell technologies and solutions. The introduction of new cell technology will be presented at 2018 SNEC International Photovoltaic Power Generation and Smart Energy Exhibition & Conference (Booth W3-510). The exhibition is taking place at the Shanghai New International Expo Center from 27 to 30 May 2018. The company’s new strategic focus represents a significant expansion to support the PV industry value chain. The company is known for silver metallization pastes but now they as they are expanding their portfolio to products and technical service in order to help solar and renewable market. Speaking about the developments of the company Andreas Liebheit, President of HeraeusPhotovoltaics, said “We are expanding our expertise beyond paste. Our goal is to give customers a strong platform of integrated technologies, products and experts to help them get the most out of cell performance and their production processes.” The products that company is unveiling are: HeraGlaze, a high-purity, high-density barrier coating that enhances crucible performance in multi-crystalline silicon solar

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wafer production; Soloray infrared radiation heating lamps that use high quality quartz tube and heating material to provide smoother and more stable optimization of sintering process for the solar cell, allowing customers to achieve greater efficiency; An electrically conductive adhesive that has <50% silver content, providing proven reliability, fast curing and the ability to be screen printed; The company’s new Cell Optimization Service, which partners with world-class research institutions to provide customers with a complete solar cell analysis, simulation and process optimization.

UPDATES

Lucknow University Shifting From Conventional to Solar Power Shifting completely from conventional source of energy to solar power, Lucknow University has decided to install the solar power facility on both of its campuses. The Lucknow University has signed a memorandum of understanding (MoU) with HFM Solar Power for installation, engineering, production and maintenance of solar power in the university. According to Lucknow University Spokesperson, NK Panday, “LU is the first state university to have such an agreement for generation of solar power.” “The agreement is for a period of 25 years. The university doesn’t have to pay for installation, generation of solar power and the company will bear all the costs. The work is proposed to be completed in the next three to four months,” he added further. As compared to other sources of power the solar power is subsidized by the Solar Energy Corporation of India. Panday said “A 01 kw solar power plant generates electricity of 04 units per day (average). A 1,000 kw solar power plant will generate electricity of 4,000 units per day (average) and 120,000 units per month.” Much to the relief of the University, it has to pay only 3.91 per unit which is very less as compared to the rates of Uttar Pradesh

Power Corporation Limited. As per an approximation, the university may save up to Rs 66 lakh per annum and more than Rs 16 crore over the period of 25 years, the Spokesperson said. “Notably, the rates of UPPCL may increase year on year but the solar power rate per unit will remain fixed over the entire period of 25 years. Generating this much electricity is equivalent to planting 25,000 plants. More so, this energy generation is pollution free and environment friendly. No carbon emission will be there. CO2 emissions are expected to be reduced by 1,460 tonnes each year,” Pandey said

Odisha's Behrampur Gets Solar- Schletter to Introduce New Powered Water Pumps Tracker at Intersolar In order to provide uninterrupted water supply, Odisha Public Health Engineering Organisation (PHEO) has initiated a pilot project that would allow free flow of water from 5am to 7pm to every household.

Scheletter Group, a manufacturer of solar mounting systems, is introducing a new single-axis tracking system at intersolar. The new tracker system touts to not only allow a ground cover ration but also be stable as a fixed mounting system.

From the deep bore wells the water is lifted with the help of solar-powered motor pumps and there after stored in tanks of 5,000-liter capacity. The pumps are fully automatic who would start and stop on their own once the tank is empty or full.

According to Dr. Cedric Zapfe, who along with his team developed the system said, “For the first time ever, this tracker combines the benefits of our fixed mounting systems with the additional yields of a tracking system.” “Easy assembly and servicing were also key aspects when designing the system.”

PHEO Executive Engineer, Berhampur division, Sitaram Panda said, “We are supplying five million litres of water daily (MLD) in areas that suffer from water shortage through 87 deep bore wells that will benefit 40,000 people. Of the 87 bore wells, the pilot project is drawing water from 26.” He further added "The advantage of this system is that there is no interruption of power supply due to power cuts and low voltage. If the solar energy project proves effective, we will introduce it in the remaining 61 deep bore well points.” "The government spent Rs 1.30 crore on the project. We have also assigned a private party for its maintenance," he said. "Though the problem of water shortage generally starts from March each year, such a case has not yet been reported this year. This is because the situation in production and distribution of water is being managed properly," said Panda.

Unlike traditional trackers the new tracker doesn’t require hydraulic dampers and completely avoids dangerous ‘galloping effect’ under wind loads. To make it self-sufficient, in terms of power, each row has a dedicated PV panel with a battery pack that ensures great possible reliability of operation. The system is controlled through wireless technology which completely obviates expensive wiring for both power supply and communication. Traditional tracking systems use hydraulic dampers to mitigate the vibrations and torsional forces caused by the wind; however the Schletter system has self-locking mechanism that allows it to lock elements automatically as soon as the rows stop moving. The new system developed can withstand wind speeds of up to 260 kilometers per hour thus ensuring maximum safety.

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Azure Power Headquarter Gets LEED Platinum Certification from USGBC India’s one of leading solar power producers, Azure Power has secured India’s first Platinum certification under the Leadership in Energy and Environmental Design (LEED) v4 Commercial Interiors rating system by the US Green Building Council (USGBC). The company has received the award for its headquarter in Aerocity, New Delhi from USGBC, which is a non-profit organization that promotes sustainability in building design, construction, and operation. The LEED certification identifies the company as a showcase example of sustainability and demonstrates leadership in transforming the building industry. Further, this certification is the highest rated certification for recognizing best-inclass building strategies and practices in green building. The company has achieved this

certification for implementing practical and measurable strategies and solutions aimed at achieving high performance in the categories such as: integrative process, water efficiency, energy use and atmosphere, materials and resources, innovation and indoor environment quality. Commenting on the achievement, USGBC and Green Business Certification Inc. (GBCI), President and Chief Executive Officer, Mahesh Ramanujam said, “Market transformation happens one building at a time. Azure Power understands the value of LEED and has exemplified extraordinary leadership in reshaping their sector.” “We are pleased to receive the LEED Platinum certification from USGBC. To achieve the highest certification is a testament to the company’s core values of Excellence and Social Responsibility. Achieving this required meeting high

standards for several green design and construction features. Even though we had limited working hours, we ensured that we did not compromise on any aspects of the green building requirements and ensured that the office space was completed on time. This certification strengthens our values and belief to help create a greener world for our community and future generations,” said Dalpreet Singh, Project Lead, Azure Power.

Freyr Energy Bags Award for Rural Electrification in Tribal Areas from C&I Ministry to nearly 8000 tribals earlier living in darkness. The Smart Village award recognizes village projects that integrate upgradation and upliftment of various socioeconomic, infrastructure and recreational facilities to make life productive, smooth and accessible for the villagers. Hyderabad-based solar EPC company Freyr Energy has secured the Smart Village award at the 4th Smart Cities India 2018 Expo by ITPO – Ministry of Commerce & Industry, Government of India. The company has bagged the award for its exemplary work done in electrification through 50 solar microgrids for tribal habitations in Andhra Pradesh. These microgrids are now powering more than 1500 homes and providing electricity

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The event was jointly organized by India Trade Promotion Organisation (ITPO) and the NASSCOM Centre of Excellence – IoT. On receiving the award, Freyr Energy, Co-Founder, Saurabh Marda said, “Freyr Energy has been addressing the electricity problem through one of the cleanest sources of power known - solar power. Our work empowers entire communities and while doing so, ensures no negative impact on the environment, no baggage for future generations. We

are proud and very humbled with what we have been able to achieve with the support of all stakeholders involved. The Smart Village Award will inspire us to continuously strive to create a bigger difference.” Microgrids power the entire village with sufficient battery backup for 3 days. It includes not only a solar power generating system but an entire electrical infrastructure of poles, low tension wires, energy meters, load limiters, service cables, lights, switch boards, etc. Most sites require on-foot transportation ranging from 5 km to 15 km in hilly terrain. Other challenges include dealing with naxalites, transporting material across rivers and streams in these areas.

UPDATES

MILESTONE

Guwahati Railway Station Goes Solar, Becomes first in North East As the country is aggressively striving to shift from conventional to greener source of energy, Guwahati railway station has become the latest entry to run completely on solar power. The power station was commissioned in April 2017. It will help in reducing the carbon emission and also downsize the power bills of the station. According to an estimate the plant will save Rs 67 lakh worth of electricity annually. The 700 KW grid interactive solar power plant has been set up over the roof of the Guwahati railway station. A PP shed has been set up as well. As per the estimates put out by Indian Railways, the project has cost at around 6.7 crore. The funds for the project were provided by the CONCOR. Sahibabad’s Central Electronics has installed the plant which between April 12, 2017 to May 10, 2018 has generated 7,96,669 KWH electricity. On an average the plant generates 2048 KW per day. Around 2352 solar modules have been installed at the roof-top solar power plant. Carbon dioxide benefit from the solar power plant is 6.3 lakh kg, from April 12, last year to May 10, this year.

“The Guwahati railway station runs 100% on solar power. This is a first of its kind initiative for the North-East and has proved to be immensely beneficial,” said Pranav Jyoti Sharma, CPRO of North-East Frontier Railway.

India Gets its First Solar-Powered Expressway The Prime Minister Narendra Modi has inaugurated the country’s first solar-powered smart and green Kundli-GhaziabadPalwal (KGP) Expressway which is 135 km long. It is also known as Eastern Peripheral Expressway. This is the country's first highway to be lit by solar power and at every 500 metres, as there are eight solar power plants on this Expressway, with a capacity of 4000 KW (4 megawatt) for lighting of the underpasses and running solar pumps for watering plants and also having arrangement for rainwater harvesting on both sides at every 500 meters and there is drip irrigation for plants all along the expressway. The Prime Minister also inaugurated the Digital Art Gallery of National Highway Authority of India (NHAI) at the toll plaza in Jakhauli village of Sonipat. While, PM went around the Gallery he was informed in detail about the journey right from the begging of construction work of KGP Expressway till is completion by using 3D technique. These included acquisition of land for the Expressway, redressal of grievances related to farmers, beginning of ground work on the Expressway, strategy for the timely completion of work, technique used in the construction work, use of solar energy, plantation and benefits of the Expressway for the people of Delhi and other areas. Secretary of Ministry of Road Transport and Highways Yudhvir

Singh Malik said a sum of Rs 5,763 crore has been spent on this six-lane and 135 kilometers long highway. He further added that this is the country’s first access control highway and the vehicle would be charged toll on the basis of distance covered. Arrangement of rain water harvesting has been made at every 500 meters on the both sides of this Highway. The entire Highway is powered by solar energy, he added.

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Milan Vihar Apartments First to Get Rooftop Solar Plant in Delhi To embark on the solar bandwagon, Milan Vihar Apartments of East Delhi’s IP Extension has successfully installed its own rooftop solar power plants. The installation makes it first group housing society in the capital to have its own solar power plants. The plant, 140 KW capacity, was inaugurated by Delhi Chief Minister Arvind kejriwal, can generate electricity for around 400 flats of the society. Speaking on the occasion CM said “Under the agreement, the company sets up the plant and generates electricity at Rs 4.66 per unit for 25 years. The Delhi government will provide Rs 2 subsidy — which means people will pay Rs 2.66. The Central government will pay 30% of the capital cost.” “Panels were set up under the RESCO (Renewable Energy Service Company) model, in which the cost of the installation — Rs 77 lakh in this case —is borne by a private company,” he further added. Under the agreement signed by the Delhi government, Energy Efficiency & Renewable Energy Management Centre (EEREM) and Indraprastha Power Generation Co. Ltd, for next 25 years the electricity has to be provided at the same rates to the consumers. “The main reason why many people do not opt for solar plants

is that the cost of installation is very high. The government, therefore, has initiated this scheme where people do not have to pay for installation,” said Deputy CM Manish Sisodia present at the event. CM further added that Delhi will soon be in a position where surplus energy generated through such schemes will be sold to other parts of the country.

SDMC 'First' in Country to Generate Solar Energy, Selling Surplus Power The South Delhi Municipal Corporation (SDMC) has become first of its kind in the country to generate solar energy by installing rooftop panels of its 55 buildings and earn huge money while selling the surplus power to a power distribution company. This, according to SDMC, is the data of past three months that revealed the civic body is earning huge sums of money from the process of selling. According to SDMC, it aims to install solar panels on 400 buildings by June 2019. The target would help in ramping up of efforts to go green and earn revenue simultaneously. As much as 2500 KW peak solar power is being generated from the solar panels installed in 54 schools and a community centre, the South Delhi Municipal Corporation said. The body has earned Rs 9.69 lakh by selling its surplus power to distribution company BSES after consumption in its own buildings.

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SDMC Commissioner Puneet Kumar Goel said 3.14 lakh units were generated, out of which 2 lakh units have been sold after internal consumption of 1.14 lakh units. "The SDMC has become the first municipal corporation in the country to generate solar energy by installing solar panels over rooftops of its over 55 buildings and earn a huge income in three months by selling surplus power to a power distribution company," the SDMC

statement said. The commissioner said Rs 12 crore invested in setting up of solar energy panels will be recovered in just five years. The solar panels will remain in working to generate power for the next 25 years. He also said the corporation will install solar panels over rooftops of its 111 buildings by June 2018 and over more than 400 buildings by June 2019.

NATIONAL EVENTS

BRAZIL SOLAR POWER CONFERENCE AND EXHIBITION

SOLAR SOUTH website : www.solarsouth.in START DATE : 14-June-2018 END DATE : 16-June-2018

INTERNATIONAL EVENTS

Location : Chennai, India Phone : +91 95000 70800

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WORLD RENEWABLE ENERGY TECHNOLOGY CONGRESS & EXPO

Intersolar Europe 2018

website : wretc.in

START DATE : 20-Jun-2018

Location : Munich, Germany

START DATE : 21-Aug-2018 END DATE : 23-Aug-2018

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website : www.intersolar.de

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22-Jun-2018

+49 7231 585980

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PV Japan 2018 RENEWABLE ENERGY INDIA EXPO 2018

website : www.jpea.gr.jp/pvj2018/

website : www.renewableenergyindiaexpo.com

START DATE : 20-Jun-2018

Location : Yokohama, Japan

START DATE : 18-Sep-2018 END DATE : 20-Sep-2018

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22-Jun-2018

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START DATE : 10-July-2018

Location : California, USA

START DATE : 11-Dec-2018 END DATE : 13-Dec-2018

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12-July-2018

+49 7231 58598174

E-mail : bregazzi@intersolar.us

15th Solar Sri Lanka 2018 International Expo website : cems-solarexpo.com/solarexposri/ Location : Colombo, Sri Lanka START DATE : 02-August-2018 END DATE :

04-August-2018

E-mail : cems@cemslanka.com

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