Multi-GW
PV plans shape India's bold solar strategy
Delays
caused by this year's election and the rumblings of the ongoing anti-dumping
case may have slowed India's annual
PV installations
for 2014 (forecast to come in at just over 800 MW), but a renewed urgency at the
upper echelons of government and business promises to reinvigorate India's solar sector next
year.
State-run
electric Utility NTPC – which has already pledged to invest close to $1 billion
in renewable energy in the central Indian state of Madhya Pradesh – has this
week announced that it is to install
solar PV panels atop all of its
thermal power plants as part of a 1 GW RE push over the next three years.
Renewable
Energy Minister Piyush Goyal confirmed to parliament that the plan will also
include
solar panel installation on
all thermal plants currently under construction, plus a complete retrofit of
NTPC’s existing fleet.
Meanwhile,
Coal India Ltd. (CIL), which is the largest producer of fuel in the country, has
signed a memorandum of understanding (MoU) with Solar Energy Corporation India
(SECI) to develop 1 GW of
solar
PV plants across the country.
Goyal
also confirmed this project during a written consultation at parliament,
stating: "Recently, CIL has signed a MoU with SECI to install 1,000 MW of solar
power plants in different parts of India, including Andhra Pradesh and
Telengana."
With
just 2.2 MW of solar PV under its belt, this agreement represents a sizeable
solar commitment for CIL, and is indicative of the changing tide of attitude
currently sweeping India, particularly since pro-solar PM Narendra Modi was
elected to office in May.
Goyal
has previously called both CIL and NTPC "massive polluters" that "must give back
to the society", and will no doubt welcome these announcements this week.
Analysts
expect clean energy investment in India to reach $100 billion in the coming
years as the country transitions from polluting – and increasingly expensive –
coal to solar and wind energy.
The
Jawajarlal Nehru National Solar Mission (JNNSM) is being constantly reviewed and updated to reflect developments in the fast-paced
solar sector. Its success has helped India reach the 3 GW cumulative capacity
mark this year, and should drive installations beyond 5 GW by the end of 2015,
says Raj Prabhu of Mercom Capital.
"We
are forecasting 2015 installations to double year-on-year, reaching
approximately 1,800 MW annually," wrote Prabhu in this month's December issue
of pv
magazine.
Prabhu
also revealed that India’s Ministry of New and Renewable Energy (MNRE) is also
working on a plan to "install a staggering 100 GW of solar in five years”, a
goal that Prabhu considers will prove challenging due to the vast amount of grid
infrastructure investment required to make this feasible.
Ready
to spend
However, at the recent climate talks in Lima, Peru, India’s
Environment Minister Prakash Javadekar announced that the country has “$3
billion in the kitty” for investment in infrastructure upgrades and clean energy
projects designed to reduce the country’s dependence on fossil fuel.
Javadekar
added that Modi has given him the green light to spend even more than that. "We
are investing, on our own, $100 billion in clean energy projects," he told the
audience at the climate talks this week. "India is committed and ready to play
its part in the international fight against climate change."
As
the third-largest polluter globally after China and the U.S., India's commitment
to tackling climate is also a responsibility it must bear, but Javadekar warned
that emissions will need to grow in line with economic expansion as the country
fights to eradicate widespread poverty.
Hence,
discussions around curbing emission limits were off the table, with Javadekar
eager instead to publicize India’s efforts to switch to cleaner sources of
energy. A $62 billion plan outlined at the talks revealed that $1.4 billion will
be steered towards solar energy projects.
According
to the International Energy Agency (IEA), India's emissions are expected to rise
by 34% by 2020, and perhaps even double from today's levels by 2030.
Delays caused by this year's election and the rumblings of
the ongoing anti-dumping case may have slowed India's annual PV installations
for 2014 (forecast to come in at just over 800 MW), but a renewed urgency at the
upper echelons of government and business promises to reinvigorate
India's solar sector next year.
State-run electric Utility NTPC – which has already
pledged to invest close to $1 billion in renewable energy in the central Indian
state of Madhya Pradesh – has this week announced that it is to install solar PV
panels atop all of its thermal power plants as part of a 1 GW RE push over the
next three years.
Renewable Energy Minister Piyush Goyal confirmed to
parliament that the plan will also include solar panel installation on all
thermal plants currently under construction, plus a complete retrofit of NTPC’s
existing fleet.
Meanwhile, Coal India Ltd. (CIL), which is the largest
producer of fuel in the country, has signed a memorandum of understanding (MoU)
with Solar Energy Corporation India (SECI) to develop 1 GW of solar PV plants
across the country.
Goyal also confirmed this project during a written
consultation at parliament, stating: "Recently, CIL has signed a MoU with SECI
to install 1,000 MW of solar power plants in different parts of India, including
Andhra Pradesh and Telengana."
With just 2.2 MW of solar PV under its belt, this
agreement represents a sizeable solar commitment for CIL, and is indicative of
the changing tide of attitude currently sweeping India, particularly since
pro-solar PM Narendra Modi was elected to office in May.
Goyal has previously called both CIL and NTPC "massive
polluters" that "must give back to the society", and will no doubt welcome these
announcements this week.
Analysts expect clean energy investment in India to reach
$100 billion in the coming years as the country transitions from polluting – and
increasingly expensive – coal to solar and wind energy.
The Jawajarlal Nehru National Solar Mission (JNNSM) is
being constantly
reviewed and updated to reflect
developments in the fast-paced solar sector. Its success has helped India reach
the 3 GW cumulative capacity mark this year, and should drive installations
beyond 5 GW by the end of 2015, says Raj Prabhu of Mercom Capital.
"We are forecasting 2015 installations to double
year-on-year, reaching approximately 1,800 MW annually," wrote Prabhu in this
month's December issue of pv
magazine.
Prabhu also revealed that India’s Ministry of New and
Renewable Energy (MNRE) is also working on a plan to "install a staggering 100
GW of solar in five years”, a goal that Prabhu considers will prove challenging
due to the vast amount of grid infrastructure investment required to make this
feasible.
Ready
to spend
However, at the recent climate talks in Lima, Peru, India’s
Environment Minister Prakash Javadekar announced that the country has “$3
billion in the kitty” for investment in infrastructure upgrades and clean energy
projects designed to reduce the country’s dependence on fossil fuel.
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