The first wave of renewable energy growth story was powered
by wind energy, the second wave saw emergence of biomass energy and small hydro
power and the third wave is the solar wave, which is witnessing unprecedented
growth, unseen in another renewable energy technology in India. Despite, this
growth in renewable energy, renewable power, including solar, represents only
2.5% of net installed power generation capacity in India.
Solar power potential in India remained dormant at a meagre
2 MW for decades, as the technology was in its demonstration phase till 2011
and the upward momentum started only post 2011 when the technology started
getting industrialized worldwide; India declared its intent to aggressively
adopt solar technology by announcing Jawaharlal Nehru National Solar Mission
(JNNSM). JNNSM laid roadmap for solar energy exploitation in India and was
planned in two phases.
The, first phase aims at setting up of 1,100 MW grid
connected solar plants, 200 MW capacity equivalent off-grid solar applications
and 7 million square meter solar thermal collector area till March, 2013. In
the second phase, after taking into account the experience of the initial
years, capacity will be aggressively ramped up to create conditions for up
scaled and competitive solar energy penetration in the country. Solar PV, Solar
CSP, Solar Rooftop took center stage in 2012-13, thereby pushing wind to second
spot in terms of priority sector in renewable energy.
Solar power capacity addition registered a CAGR of 33%
between 2010 and 2014. India's solar power capacity has touched capacity of 7.5
GW, from under 1 GW in 2012. However, if India has to reach the aspirational
target of 100 GW by 2022, it has to grow at a CAGR of 50%. Is it possible? It's
anybody's guess! Although, the pipeline looks encouraging; India's solar projects
have crossed 22 GW with 13 GW under construction and 9 GW in the request for
proposal process.
Publisher has been writing report in all sub-sector within
energy & infrastructure sector, except Solar, and we have been bombarded
with questions on why we don't and what are view point on the subject.
Publisher has been consistently providing its view point on the subject, which
apparently didn't find many takers, as our views were contrarian to euphoric
view provided by one and all. Overall, we are cautiously optimistic, and hold
strong view that future of solar is solar roof-top and key architect of this
future will be power consumers; In 2012, Publisher pre-empted that solar
roof-top will emerge bigger component than utility scale solar.
Publisher is of the strong view that, solar's true potential
can be harnessed in decentralized, micro grid model. Solar is currently a push
based or sellers' market, wherein government agenda is delivered by pushing
Discoms to buy costly solar power, irrespective of their financial health. So,
what prompted us to jump into this solar Euphoria?
"If DISCOMs don't buy solar power, it'll be a problem:
L&T Director SN Roy" - BI India Bureau, June 08, 2016. Are Discoms
really buying, REC & RPO doesn't reflect the same!
NTPC Ltd in April has signed an agreement to sell solar
power at Rs.6.2 per unit to Andhra Pradesh state utilities.Why but power at
Rs.6.2 / unit when spot market prices are sub Rs. 4/unit ?
"SBI commits Rs 75,000 crore for financing clean energy
generation", PTI, Feb 15, 2015 - Has SBI even lent 5000 crore to the solar
sector?
"Who will bankroll India's solar dreams?", Mint,
June 06, 2016. No one has answer to this question!
India's solar dream of building 100 gigawatts (GW) of
capacity by 2022 continues to garner massive interest from global investors,
buoyed by the promise of strong returns. But it also faces financing challenges
as investors become more cautious amid a fall in solar energy tariffs.
Publisher research report" Perception Vs Reality around the Solar Sector
Opportunity in India: Is the Euphoria related Solar Energy Market Opportunity
in India, a Bubble about to burst, like Italy or Germany?" by no means
intents to play a spoil sport but attempts to unearth the reality from optics,
so that investors doesn't face a situation as faced in developed markets like
Spain.
Spanning over 205 pages “Perception Vs Reality
around the Solar Sector Opportunity in India: Is the Investment Opportunity
Euphoria Sustainable?” report covers Executive Summary, Research Approach &
Methodology, Key Market Stakeholders in the Solar Market in India, Tracking
Evolution of Solar Revolution in India, Tracking growth of Solar in others
developed & developing markets - Are others similarly Euphoric as India
(comparing 2010-2015 growth), Future Growth Blueprint - India to be the global
Solar growth engine, Closer look into market participants in the Solar Euphoria
in India, Permits & Clearances - assessing ease of setting solar project in
India, Desirability - Feasible - Viable, Success at what cost and failure at
what cost, M&A in Solar & key triggers for these M&As, Key business
model that worked & business models that failed, List of key solar project
developers in IndiaThe Risk ~ Reward weighs heavily towards risk as India's
Solar largely remains sellers' market, Uday - can it sustain sunshine in solar
sector, Sustainability of Solar requires more than subsidy support -
Probability of these supports, Best pick for Solar Investors - Best states to
invest in solar in India, Can solar replace coal?, Industry Voices.
For
more information Visit at: http://mrr.cm/UNe
Find all Energy and Utilities Reports at: http://www.marketresearchreports.com/energy-utilities
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