Business Monitor International


India Renewables Report

Published 03 July 2014

  • 47 pages
 
$1,295.00
India Renewables Report

BMI View: We are maintaining our 2014 forecasts for non-hydropower renewable generation and capacity in India this quarter, and expect generation to grow by 11.2% this year. We are also maintaining our positive long-term outlook for the sector as thermal generation continues to face numerous difficulties and government support for the sector remains strong. However, the victory of Narendra Modi in the 2014 general elections poses an upside risk to both our short- and long-term forecasts as Modi is a strong support of renewable energy.

Non-hydropower renewable generation growth will be driven primarily by the country's mature wind sector as well as the smaller but booming solar sector. We are also maintaining our positive long-term outlook for the Indian non-hydropower renewables sector, and forecast capacity to grow at an average rate of 10.7% a year between 2014 and 2023.

Key Developments And Trends

  • The victory of Narendra Modi and the Bharatiya Janata Party in the 2014 general elections will lead to reforms in the power sector and we expect to see pro-renewables reforms.

  • On August 21 the Ministry of New and Renewable Energy (MNRE) announced it was planning to build a 4GW solar thermal (or CSP) power plant near Jaipur, the capital of Rajasthan.

  • The government revived the Generation Based Incentive scheme for wind energy in August 2013. The scheme will pay INR0.50/kWh for wind power and payouts will stop once INR10mn (USD164,000) has been paid for each 1MW of capacity.

Table of Contents

BMI Industry View
7
SWOT
8
Industry Forecast
10
India Renewables Forecast Scenario
10
Table: India's Total Electricity Generation, Historical Data And Forecasts, 2012-2017
10
Table: India's Total Electricity Generation, Long-Term Forecasts, 2018-2023
11
Table: India's Electricity Generating Capacity, Historical Data And Forecasts, 2012-2017
12
Table: India's Electricity Generating Capacity, Long-Term Forecasts, 2018-2023
14
Table: Fact Box: Installed Solar Capacity By State At End-2013, Mw
15
Table: Fact Box: JNNSM Targets
16
India Renewables Projects Database
18
Table: Renewables Projects - India
18
Industry Risk Reward Ratings
25
India Renewables Risk/Rewards Ratings
25
Rewards
25
Risks
26
Market Overview
27
Sustainable Energy Policy And Infrastructure
27
Targets (Renewables And Emissions)
27
Subsidies
28
Table: Renewable Feed-In Tariffs In India
29
Infrastructure
30
Competitive Landscape
32
Power Grid
32
Suzlon
33
National Thermal Power Corporation
33
National Hydro-Electric Power Corporation
33
Bharat Heavy Electricals (BHEL)
34
Glossary
35
Table: Glossary Of Terms
35
Methodology
36
Methodology And Sources
36
Industry Forecast Methodology
36
Sources
38
Risk/Reward Ratings Methodology
38
Table: Renewables Risk/Reward Rating Indicators
40
Table: Weighting Indicators
42

The India Renewables Report researched at source contains Business Monitor International (BMI)'s assessment of the current renewables market in India. The report also contains historical data together with forecasts to end-2017 covering electricity generation (TWh) and electricity capacity (MW).

The renewables sectors covered in the report include Wind, Solar, Geothermal, Tidal and Wave, and Biomass (See Table of Contents for exact coverage). The report also features details on government green energy agendas and funding opportunities, as well as presenting a detailed list of key renewables projects currently being planned or undertaken in India, their capacity, the timeframe of construction and their current status.

The report discusses the various energy policies currently in force, including targets, subsidies and the relevant infrastructure developments or limitations which might impact on renewables growth, analysing the potential effects of regulatory changes in conjunction with the background macroeconomic outlook. Finally, there is a general overview of the competitive landscape in India, together with a detailed summary of the main utilities and manufacturers present and their business operations.

BMI's India Renewables Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with unique independent forecasts and competitive intelligence on the India renewables industry.

Key Benefits

  • Benchmark BMI's independent renewables industry forecasts for India to test other views - a key input for successful budgeting and planning in the renewables market.
  • Target business opportunities and risks in the India renewables sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in the country.

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering the renewables market in India, regulatory changes, major investments and projects and significant multinational and national company developments.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the renewables sector and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (2010-2012) and forecasts to end-2017 for electricity generation (TWh) and electricity generating capacity (MW) for each individual renewables sector present in the country.

These in turn are broken down into:

Electricity Generation: Overall capacity (TWh), growth % change year-on-year, KWh per capita, % of Total Non-Hydropower renewables generation, % of total electricity generation.

Electricity Capacity: Overall capacity (MW), growth % change year-on-year, % of non-hydroelectric renewables capacity and % of total capacity.

These forecasts are in turn supported by explicit assumptions, in conjunction with analysis of the key risks to the main forecast.

Business Environment Ratings

BMI's Renewables Business Environment Ratings provide fully comparable Risk-Reward Ratings aimed at investors in the regional renewables market.

The ratings methodology makes sophisticated use of various industry, economic and demographic data point.

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