Invest India：2021年印度太阳能产业报告（英文版）（43页）.pdf

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1、INDIASRISING SOLARSECTORSolar energy is a key component for achieving the ambitious target set by Honble Prime Minister for the renewable energy sector. It is expected that at least 25-30 GW of solar PV modules and equivalent capacity of the balance of materials, inverters etc will be required for t

2、he next 10 years. As we expand our solar energy capabilities, we welcome global and domestic investors to become part of our RE journey. By aligning with Indias clean energy goals, they can contribute to Indias energy transition.Amitesh Kumar SinhaJoint Secretary, Ministry of New and Renewable Energ

3、y -INDIAS RISING SOLAR SECTORPREFACEBuilding upon Indias strong commitment towards clean sources of energy, Honble Prime Minister of India, Narendra Modi, reiterated Indias strides in the renewable energy sector on the occasion of the World Sustainable Development Summit 2021- “Renewable energy is p

4、icking speed in India. We are well on track to setting up 450 GW of generating renewable energy by 2030. Indias private sector and several individuals are contributing to this (target).”Indias renewable energy sector provides a massive opportunity for growth. Currently, India has the fourth largest

5、installed capacity of renewable energy in the world. But India has not stopped here and our expansion plans to install 450 GW capacity by 2030 is one of the largest globally. Solar energy capacity expansion is definitely key to achieve this plan. In 2015, during COP21, India led the way by declaring

6、 ambitious government commitments for a New India powered by clean sources of energy, which includes 33-35 percent reduction in the emissions intensity below 2005 levels and an increase in the share of non-fossil fuels in the total installed capacity to 40 percent, by the year 2030. In fact, India h

7、as already achieved a drop of 24 percent of emissions intensity and is well on its way to achieve its targets.Not only is the country focusing on building a New India but is also leading the coordinated efforts to build a New World powered by clean energy. International Solar Alliance (ISA) was laun

8、ched by our Prime Minister and former French President Franois Hollande in 2015, and is the 1st intergovernmental organization to be headquartered in India. Indias geographic location is also advantageous in realizing the countrys potential. India experiences high solar incidence in most parts of th

9、e country, thus, solar energy becomes one of the important pieces of the puzzle. Solar energy has a central place in the countrys National Action Plan on Climate Change with National Solar Mission as one of the key Missions. Recently, India also climbed up to the 3rd spot on the EYs Renewable Energy

10、 Attractiveness Index due to its impressive performance on the solar photovoltaic front. The sector is one of key importance for India. Therefore, it presents numerous opportunities backed by strategicgovernment support. INDIAS RISING SOLAR SECTOR03Deepak BaglaManaging Director and CEO, Invest India

11、The Ministry of New and Renewable Energy (MNRE) is undertaking continuous efforts to encourage investments across the value chain by supporting companies through the entire investment process, quick grievance redressal, constant industry feedback and lucrative incentives. In order to incentivise man

12、ufacturing within the solar sector and localise supply chains, the government has also introduced schemes such as the Production Linked Incentive (PLI) Scheme for high efficiency Solar PV modules. This report focuses on providing an overview of the solar sector and its growth potential for the count

13、ry. It presents a range of exciting incentives, support mechanisms and opportunities presented by India. The report further showcases the vast potential and investment opportunities in the Indian solar sector. I thank all those who have helped in bringing this report to the fore and hope that reader

14、s find it to be insightful. We invite you to come explore and invest in Indias sunshine sector!INDIAS RISING SOLAR SECTOR04TABLE OF CONTENTS1. Indias Renewable Energy Sector: An Introduction a. Indias Renewable Energy Targets b. Overview of Investments in Indias Renewable Energy2. The Solar Sector i

15、n India a. Advances in the Indian Solar Sector b. Solar Parks c. Solar Cities d. Awarding Solar Development Projects in India3. Harnessing Indias Solar Manufacturing Capabilities 4. Localising Solar Power: Indias Rooftop Solar Sector5. Extending Indias Solar Network: Off-Grid Solar Products6. Cuttin

16、g Edge Technology in Indias Solar Sector a. Battery Storage b. Floating Solar c. Innovations7. Government Policies: State and Central a. Government Impetus b. Central Government Schemes c. State Government Schemes 8. Conclusion 9. Appendix a. Year Wise Installations b. Previously Issued Tenders for

17、Solar Projects c. Solar Manufacturing Clusters d. Solar PV Technologies e. Solar Module BOM and Manufacturing Clusters061217202325283839INDIAS RISING SOLAR SECTOR05As a nation developing at an unprecedented pace, Indias energy needs have been rising rapidly and consistently. In the decade ending in

18、2017, the countrys Total Final Consumption (TFC) grew by over 50 per cent across all sectors.1 As of 2019, at 1,285 Terra Watt Hour (TWh),2 India is the third-largest power consumer in the world, after China and the United States of America.3At the same time, India recognises the threat that convent

19、ional fossil fuels pose to the health of our climate and has committed itself to the ideals of clean energy, and sustainable and inclusive development. In the energy revolution towards renewables, India has emerged as a global leader paving the way forward in non-conventional energy production. Not

20、only does it have ambitious goals under the Paris Climate Agreement of 2015,4 but India has also made strides in meeting the various Sustainable Development Goals (SDG) 7 targets set by the United Nations (UN).5 Introduced in 2015, the SDG 7 aims to ensure access to affordable, reliable, sustainable

21、 and modern energy for all. In keeping with this, India has undertaken one of the largest programmes to provide universal access to energy and clean cooking gas. It is also fostering the generation and deployment of renewable energy and increasing its consumption share in the economy, while doubling

22、 the rate of energy efficiency improvements. By 2030, Indias energy demands are expected to reach 2,785 TWh.6 Under the Atmanirbhar Bharat Abhiyan, India will strive towards meeting these demands domestically. Given Indias carbon emission reduction targets under various climate agreements, renewable

23、 energy will play an important role in meeting this energy requirement. This report focuses on Indias solar sector and the opportunities it presents. While underscoring the advancements in Indias renewable energy sector as a whole, the report also details the strength of the solar segment and its gr

24、owing presence in India. Solar energy holds tremendous potential in India and has made considerable technological advancements too. As highlighted in this report, global and domestic investors can benefit from the promises of the sector while their investments can further the development and consume

25、r adoption of solar energy in India.INDIAS RENEWABLE ENERGYSECTOR: AN INTRODUCTION INDIAS RISING SOLAR SECTOR061 https:/niti.gov.in/sites/default/files/2020-01/IEA-India%202020-In-depth-EnergyPolicy_0.pdf 2 https:/ 3 https:/www.business- https:/climateactiontracker.org/countries/india/pledges-and-ta

26、rgets/5 https:/sdgs.un.org/goals/goal7 6 https:/www.brookings.edu/wp-content/uploads/2018/10/The-future-of-Indian-electricity-demand.pdf INDIAS RENEWABLE ENERGY TARGETSThe twin targets of increasing the generation and supply of energy to meet developmental needs and salvaging the global climate has

27、put emphasis on the domestic renewable energy sector. By the end of 2019, India had already more than doubled its renewable energy deployment and by 2030, it is expected to account for 55 per cent of the nations total installed power capacity.7* BU - Billion Units = TWhIndias RE Sector at a GlanceSo

28、urce: Ministry of New and Renewable Energy Annual Report 2020-218Year2014 - 15Installed RECapacity(in GW)% Share of REin Total InstalledCapacityGenerationfrom RenewableSources (in BU*)Total Generationfrom All Sources(in BU*)% Share ofRE in Generation39.5514.3661.781110.185.562015 - 1646.5815.2365.78

29、1172.985.602016 - 1757.9017.6881.541241.386.562017 - 1869.7720.24101.831303.377.812018 - 1978.3121.95126.761375.969.212019 - 2087.0723.52138.321390.939.952020 - 2192.5424.53111.921017.8111.00(Up to Jan21)(Up to Jan21)(Up to Dec20)(Up to Dec20)(Up to Dec20)INDIAS RISING SOLAR SECTOR077 https:/ 720205

30、07.cms?from=mdr 8 https:/mnre.gov.in/img/documents/uploads/file_f-1618564141288.pdfGiven its timely focus on the development of renewable energy, India has already made considerable inroads towards meeting its energy demands, sustainably. Indias net power generation capacity increased by 212 Gigawat

31、t (GW) in the last decade and close to 42 per cent of this addition came from renewable energy sources, including large hydro.9 As of 28 February 2021, the countrys total installed power capacity stood at about 379 GW10, up from 358.6 GW in March 2019. Of this, the installed power capacity from rene

32、wable sources (including large hydro) accounts for about 137.3 GW.11 During the Paris Climate Agreement (COP 21) negotiations in 2015, India set ambitious commitments for a New India powered by clean energy sources. As indicated in its Nationally Determined Contribution (NDC) to the United National

33、Framework Convention on Climate Change (UNFCCC), India has undertaken one of the largest renewable expansions worldwide, ramping up 80 per cent from 2015 levels. 12Renewable Energy Installed Capacity (2014-21)Year (as on)31.03.14Wind (GW)Solar (GW)Small Hydro (GW)Bio-power (GW)21.042.633.88.0431.03.

34、1523.33.748.431.03.1626.76.84.278.5931.03.1732.212.354.389.1431.03.1834.121.74.499.6931.03.1935.628.24.610.131.03.2031.03.2137.634.64.6910.239.2414.810.2*As per data received from MNRE (refer to Appendix I)INDIAS RISING SOLAR SECTOR089 https:/ https:/powermin.gov.in/en/content/power-sector-glance-al

35、l-india11 https:/powermin.gov.in/en/content/power-sector-glance-all-india12 https:/mnre.gov.in/Indias targets build upon the 226 per cent increase in renewable energy capacity over the last five years that has provided an impetus to Indias domestic renewable energy revolution.13 Additionally, the co

36、untry also ranked third on Ernst & Youngs Renewable Energy Country Attractive Index 2021.14 In the revolution to harness clean energy, India has taken on a key global leadership role. The International Solar Alliance (ISA), launched by Prime Minister Narendra Modi and former French President Franois

37、 Hollande in 2015, aptly captures the scope of solar energy and Indias dedication to harnessing it. The ISA, with 73 member countries, is the first intergovernmental organisation to be headquartered in India. Its goal is to lower the cost of solar technology that can help meet the energy demands of

38、121 sunshine-rich developing countries. It has been estimated that the Alliances target of 1 Terra Watt (TW) solar energy by 2030 will require USD 1 Trillion (Tn) in investment.15 Invest India, along with the World Association of Investment Promotion Agencies (WAIPA) has signed a Memorandum of Under

39、standing (MoU) with ISA to promote and facilitate investments in solar energy for all ISA member countries.Indias commitments have been widely recognised all over the world. A 2020 survey by Climatescope16 adjudged India the second most attractive emerging market for clean energy investment ahead of

40、 Brazil, Jordan and China. The Indian renewables sector, with around 1,500 GW potential, has also been opened to 100 per cent Foreign Direct Investment (FDI) through the direct route. Institutional investment in a clean energy future permits the sector to leverage its inherent strength and become a

41、solution to our warming planet.Indias RE Targets India is committed to install 175 GW 100 GW Solar PV, 60 GW Wind, 10 GW Biomass and 5 GW Small Hydro of renewable power capacity by 2022 and 450 GW by 2030. Increase the countrys share of non-fossil-based installed electric capacity to 40 per cent by

42、2030. Reduce emissions intensity by 33-35 per cent below 2005 levels.INDIAS RISING SOLAR SECTOR0913 https:/mnre.gov.in/14 https:/ https:/ https:/global-climatescope.org/resultsTo achieve its target of 175 GW by 2022 and 450 GW by 2030, the government of India estimates an investment of USD 30 Billio

43、n (Bn) annually, USD 100 Bn between 2019 and 2022, and USD 500 Bn over the next decade, respectively.18 These targets require increased capital inflow from both domestic and international investors. So far, in India between 2014-2019, renewable energy programmes and projects have attracted an invest

44、ment of USD 64.2 Bn (INR 4.7 lakh crore).19Total Investments in Renewable Energy* (2014-2015 to 2019-2020) Year2014 - 15Wind (INR crore)Solar (INR crore)Small Hydro(INR crore)Bio-power(INR crore)13,8002015 - 1620,5002016 - 1733,0002017 - 1811,1002018 - 198,8802019 - 2012,4204,40012,36022,12037,44026

45、,12025,8002,0001,7608808808807203,6001,9005,5005,5004,1001,000OVERVIEW OF INVESTMENTS IN INDIASRENEWABLE ENERGY*Calculations as per following assumption from MNRE: Cost of setting up per MW (1 GW=1000 MW): Wind: INR 6 crore Solar: INR 4 crore Small Hydro: INR 8 crore Bio-power: INR 10 croreFor year

46、wise installations please refer to Appendix I*USD 1 INR 73.41 (on 10.05.21)THE RENEWABLE ENERGY SECTOR RECEIVED USD 9.83 Bn FDI BETWEEN APRIL 2000 AND DECEMBER 2020.17INDIAS RISING SOLAR SECTOR1017 DPIIT FDI StatisticsDPIIT FDI Statistics18 https:/ -to-meet-450-gw-target-report/articleshow/80959834.

47、cms?from=mdr 19 https:/mnre.gov.in/img/documents/uploads/file_f-1618564141288.pdfAt present, wind, solar and hydro power dominate the Indian renewables segment even as the country is exploring newer sources like hydrogen, geo-thermal and ocean energies, among others. India has the fourth largest ins

48、talled capacity (including hydro) in the world. We also have the fourth largest installed capacity for wind energy and the fifth largest for solar power. Between April 2014 and January 2021, the installed renewable energy capacity of India has increased 2.5 times, and the installed solar energy capa

49、city has increased 15 times.20 As of February 2021, Indias solar capacity stands at 39 GW.21 This implies the strength of our solar power sector and its immense potential inthe near future. INDIAS RISING SOLAR SECTOR1120 https:/mnre.gov.in/img/documents/uploads/file_f-1618564141288.pdf21 https:/mnre

50、.gov.in/the-ministry/physical-progressCumulative FDI Equity Infows in the Renewable Energy SectorFrom April 2000246810120.681.311.952.883.494.185.056.257.69.19.83FDI Infow (in USD Million)December2010December2011December2012December2013December2014December2015December2016December2017December2018Dece

51、mber2019December2020Source: https:/dipp.gov.in/publications/fdi-statisticsIndia experiences clear sunny weather for 250 to 300 days a year.22 This exposure to the sun is estimated to be worth 5,000 Tn Kilo Watt Hour (kWh) of energy in a year over Indias land area, of which most parts receive 4-7 kWh

52、 per square metre (sq. m) each day.23 If India were to capture even a fraction of this energy potential, it could far exceed the energy demands of the country. Given Indias long sunny days and prevalent clear weather conditions, solar energy holds tremendous potential in and for India. As a pollutio

53、n-free clean energy with zero emissions, successful harnessing of solar power can be Indias answer to rural electrification, rapid urbanisation and grid -decentralisation, not to mention its contribution to replacing planet warming fossil fuel-based energy production.THE SOLARSECTOR IN INDIAINDIAS R

54、ISING SOLAR SECTOR12Incident energy of 5,000 Tn kWh per year; most parts receive 4-7 kWh per sq. m per dayNational Institute of Solar Energy assessed the solar potential of about 749 GW assuming 3% of the waste land area to be covered by Solar PV modules24Most parts of country experience 300 sunny d

55、ays22 http:/164.100.94.214/solar-rpo#:text=In%20most%20parts%20of%20India,GWh%20of%20energy%20per%20year23 https:/mnre.gov.in/solar/current-status/24 https:/mnre.gov.in/solar/current-status/With a view to “establish India as a global leader in solar energy, by creating the policy conditions for sola

56、r technology diffusion across the country as quickly as possible,” the Jawaharlal Nehru National Solar Mission was launched in January 2010 under the National Action Plan on Climate Change (NAPCC).25 The initial target of installing 20 GW of grid-connected solar power plants by 2022 has since been r

57、evised to 100 GW by the end of the scheduled period. The Mission recognised that solar power has the power of enabling decentralised distribution of energy, thereby empowering people at the grassroots.26Remarkable advances are being made both in increasing on-grid capacity and off-grid installation.

58、 In 2015, Keralas Cochin International Airport became the first fully solar powered airport in the world. The airports solar power plant produces 50,000 to 60,000 units of electricity per day that covers all its operational functions.27 In September 2016, India commissioned the Kamuthi solar power p

59、roject in Tamil Nadu within a record eight months, making it one of the worlds largest single location solar power projects with a capacity of 648 Megawatt (MW).Between 2014 and 2019, the number of solar pumps installed, at 2.25 lakh, was 19 times higher than those installed before 2014 (11,626). Ta

60、riffs on solar power reduced by over 75 per cent using the plug and play model.28 As of February 2021, the solar installed capacity stands at 39 GW.29 In 2019 alone, India installed 7.3 GW of solar power across the country,30 which is approximately 18 per cent of the total installed solar capacity.3

61、1SOLAR PARKS The Ministry of New and Renewable Energy (MNRE) launched the Development of Solar Parks and Ultra Mega Solar Power Projects scheme in December 2014. At least 25 Solar Parks and Ultra Mega Solar Power Projects with over 20,000 MW (20 GW) total installed solar power capacity were to be se

62、t up under this scheme, within a span of five years starting 2014-15. In 2017, the government revised these targets upwards, from 20,000 MW to 40,000 MW, to be met by 2021-22. The goal of the scheme is to facilitate and accelerate the installation of grid connected solar power projects for electrici

63、ty generation on a large scale.32 The scheme intends to extend support to Indian states and union territories in setting up solar parks across the country and creating the requisite infrastructure to gradually transition to clean energy.ADVANCES IN THE INDIAN SOLAR SECTORINDIAS RISING SOLAR SECTOR13

64、25 https:/mnre.gov.in/img/documents/uploads/file_f-1597797108502.pdf 26 https:/www.seci.co.in/upload/static/files/mission_document_JNNSM(1).pdf 27 https:/cial.aero/Pressroom/newsdetails.aspx?news_id=360 28 https:/mnre.gov.in/the-ministry/physical-progress29 https:/ 30 https:/ 31 https:/ 32 https:/mn

65、re.gov.in/solar/schemes As of December 2020, 42 solar parks with a cumulative 26.8 GW had been approved.33 With an investment of USD 2.5 Bn, a 2 GW capacity solar park has been set up in Karnataka. Bhadla Solar Park in Rajasthan with a capacity of 2.2 GW was commissioned in January 2020. In July 202

66、0, Prime Minister Narendra Modi inaugurated the Rewa solar power project in Madhya Pradesh that has a generation capacity of 750 MW.34 Later in December 2020, the PM also inaugurated Indias largest renewable energy generation park in Kutch, Gujarat that has a generation capacity of 30 GW.35 Solar Pa

67、rks in IndiaINDIAS RISING SOLAR SECTOR14BiharJammu & KashmirHimachal PradeshUttarakhandUttar PradeshHaryanaRajasthanGujaratMadhya PradeshKarnatakaChhattisgarhOdishaWest BengalMeghalyaAssamArunachal PradeshNagalandTelanganaMaharashtraAndhra PradeshTamil NaduKeralaAndaman andNicobar IslandsSolar Parks

68、33 https:/mnre.gov.in/img/documents/uploads/file_f-1618564141288.pdf34 https:/ https:/ Development of Solar Cities Programme was launched in 2014 with an aim to reduce urban dependence on conventional energy demand by 10 per cent within five years. The programme has since been revised so that at lea

69、st one city from each state is developed as a solar city. All renewable energy needs of the city will be met from RE sources, primarily solar energy while all houses in the solar city will have rooftop solar energy plants. Solar cities will also have solar street lights and waste to energy plants. B

70、alance energy needs will be met by ground mounted solar plants. SOLAR CITIESINDIAS RISING SOLAR SECTOR15https:/www.seci.co.in/INDIAS RISING SOLAR SECTOR16Solar power development projects are awarded in India through a reverse bidding tender process. Government tenders in solar energy projects are re

71、leased by the Solar Energy Corporation of India (SECI) and by the respective state government departments.At present, solar tariffs in India are very competitive and have achieved grid parity; they will further continue to drop. The Gujarat Urja Vikas Nigam Limiteds (GUVNL) (Phase XI) auction in Dec

72、ember 2020 for 500 MW of solar projects set a record for the lowest (L1) solar tariffs in India recorded atINR 1.99 (USD 0.0270)/kWh.vvvAWARDING SOLAR DEVELOPMENTPROJECTS IN INDIA*List of recent tenders can be found in the appendix.Solar Tariffs in India 2013-202124681012Year6.476.174.343.303.302.44

73、2.44Tariff (Rs/Kwh)2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-2021Source: MNRE Annual Report 20202.361.99INDIAS RISING SOLAR SECTOR17In view of the ambitious targets set up by the Indian prime minister for the renewable energy sector, India is well on its way towards strengt

74、hening its non-conventional energy sources. While India is ramping up its solar energy production, domestic manufacturing of solar components was amiss from the Indian renewable energy scenario. The Indian solar industry was majorly dependent upon imported solar cells and modules since the inception

75、 of the National Solar Mission in 2010. In 2018, the government, in order to support and provide a push to domestic solar manufacturing, had imposed a safeguard duty which was recently extended by the government for another year starting 30 July 2020. A duty of 14.9 per cent was imposed from 30 July

76、 2020 to 29 January 2021, and 14.5 per cent from 30 January 2021 to 29 July 2021, for all solar cells whether introduced in panels or modules, imported from China, Thailand, and Vietnam. With this scenario in the solar industry, by March 2020, India had already deployed about 87 GW of renewable ener

77、gy projects whereas about 64 GW additional capacity was under various stages of bidding or installation.This is where the situation stood when the coronavirus outbreak disrupted global supply chains. In March 2020, once the lockdown was implemented and restrictions were heightened for protection aga

78、inst the Covid-19 virus, the entire supply chain across the world went into disarray. These restrictions significantly affected the renewable energy sector, since it was majorly dependent on imports, especially from China. These crossroads offered an excellent opportunity for the government of India

79、 in rejigging past plans for making India self-sufficient in the manufacturing of solar cells and modules, and batteries and ancillary equipment. In this way, India decided to curb its import dependency and save tremendous foreign exchange.HARNESSING INDIASSOLAR MANUFACTURINGCAPABILITIEShttps:/mnre.

80、gov.in/img/documents/uploads/file_f-1619672166750.pdfKEY GOVERNMENT INITIATIVES Significantly, in an address to the nation on 12 May 2020, the prime minister issued a clarion call for Vocal for Local. The PM emphasised the importance of a new Atmanirbhar Bharat, or a self-reliant India where manufac

81、turing domestically would become a vehicle to achieving the goal.As the need to adopt solar technologies across the country becomes more urgent, the government of India has undertaken numerous initiatives to promote solar manufacturing and adoption. Key initiatives are highlighted here:Production Li

82、nked Incentive Scheme In early April 2021, the cabinet, chaired by Prime Minister Narendra Modi, approved the Ministry of New and Renewable Energys proposal for increasing domestic manufacturing of solar photovoltaic panels under the Production Linked Incentives (PLI) Scheme that, last year, was ext

83、ended to 13 crucial sectors of the Indian economy. MNREs National Programme on High Efficiency Solar PV (Photo Voltic) Modules aimed at achieving manufacturing capacity of GW scale in high efficiency solar PV modules has an outlay of USD 616 Mn (INR 4,500 crore).Solar PV manufacturers will be select

84、ed through a transparent competitive bidding process.PLI will be disbursed for five years post commissioning of solar PV manufacturing plants, on sales of high efficiency solar PV modules. Manufacturers will be rewarded for sourcing from domestic markets and for achieving higher efficiencies in sola

85、r PV modules. Thus, the PLI amount will increase with increased module efficiency and increased local value addition.At present, the solar PV manufacturing segment in India is still in its very nascent stages. Manufacturers are largely import dependent in their pursuit to develop Indias domestic sol

86、ar manufacturing sector. As India hopes to become more self-reliant, the PLI scheme will be crucial in helping the country reduce dependence in a crucial sector like electricity and also to attain its goal under the Atmanirbhar Bharat initiative. By incentivising domesticmanufacturers, MNRE hopes th

87、at India will open access for foreign investors into the Indian market and make India a global supplier of solar photovoltaic modules. Schemes with Domestic Content Requirement (DCR) The solar power projects under the 12000 MW Government Producers Scheme (CPSU Scheme), the KUSUM Scheme and the new R

88、ooftop Scheme are mandated to source their requirementof solar cells and modules from domestic sources, in a World Trade Organisation (WTO)compliant manner.Tenders for setting up solar PV manufacturing capacities in India linked with assured offtake in the form of Power Purchase Agreements (PPAs) fo

89、r solar power plant. INDIAS RISING SOLAR SECTOR18https:/pib.gov.in/PressReleasePage.aspx?PRID=1693879#:text=RENEWABLE%20ENERGY&text=She%20announced%20raising%20duty%20on,cent%20to%2015%20per%20cent.https:/mnre.gov.in/img/documents/uploads/file_f-1612335271879.pdfhttps:/mnre.gov.in/img/documents/uplo

90、ads/file_f-1615355045648.PDFINDIAS RISING SOLAR SECTOR19With the focus shifting towards manufacturing in India, India has already achieved a 3GW/ year manufacturing capacity for Solar PV Cells and a 10 GW/year solar PV module manufacturing capacity. With the strong focus and push on Indias solar man

91、ufacturing, the detailed list of solar component capacities and clusters in India are mentioned in the appendix.Approved list of Models and Manufacturers (ALMM) of solar photovoltaic cells and modules:The order provides for enlistment of eligible models and manufacturers of solar PV cells and module

92、s complying with the Bureau of Indian Standards (BIS) and publish it in a list called the “Approved List of Models and Manufacturers” (ALMM). Only the models and manufacturers included in this list will be eligible for use in government/ government assisted projects/ projects under government scheme

93、s and programmes, installed in the country. This includes projects set-up for sale of electricity to government under guidelines for tariff based competitive bidding process for procurement of power from grid connected solar PV power projects dated 3 August 2017.The duty on solar inverters has been

94、increased to 20 per cent (up from 5 per cent earlier), and the duty on solar lanterns has been increased to 15 per cent (up from 5 per cent earlier).MNRE finalised the new Basic Customs Duty (BCD) on solar PV cells and modules. The Ministry has notified a 25 per cent BCD on solar PV cells and 40 per

95、 cent duty on solar modules without grandfathering of bid-out projects. The proposed date of implementation of the new dutycycle is April 1, 2022. INDIAS RISING SOLAR SECTOR20India has set an ambitious path to achieve 100 GW of its energy capacity by 2022, through grid-connected solar energy, out of

96、 which 40 GW is expected to come from rooftop solar installations.37Given the strong focus on achieving clean energy sources in the country, considerable efforts have been undertaken by the government, regulatory commissions and other relevant agencies to further develop the rooftop solar photovolta

97、ic sector in India. The basic framework has now been setup in the country and implementation of rooftop solar power plants has started in its true sense.Despite the Covid-19 related lockdown, the installed capacity of Indias rooftop solar segment grew to a total of 4,324 MW by February 2021.38 In te

98、rms of highest rooftop installations, Gujarat ranks first with 380 MW capacity addition, contributing nearly 43 per cent of the total rooftop installations in the first nine months of 2020, followed by Rajasthan (150 MW) and Tamil Nadu (92 MW).39 The detailed state-wise rooftop solar capacity instal

99、lation trends are shown in the chart below:LOCALISING SOLARPOWER: INDIAS ROOFTOPSOLAR SECTORSource: MNRE, JMK ResearchState-wise Rooftop Solar Capacity Addition in India (Jan 2020 - Sep 2020) 0100200300400Capacity (MW)380Gujarat150Rajasthan92TamilNadu46Maharashtra42Telangana79UttarPradesh8MadhyaPrad

100、esh6AndhraPradesh80Others37 https:/ https:/mnre.gov.in/the-ministry/physical-progress39 https:/ the period of 2020-2025, the Indian rooftop solar market is expected to grow at a Compounded Annual Growth Rate (CAGR) of more than 25 per cent with factors such as rising environmental concerns, favourab

101、le government policies, incentives and tax benefits for solar panel installation, and high cost of grid expansion especially in rural areas.40 Additionally, increased governmentfocus and advancement in technology has led to a reduction in the cost for manufacturing solar panels, while increased effi

102、ciency has also been a major factor for the growth of the Indian rooftop solar market.The rooftop solar PV systems provide multi fold benefits:Within the solar rooftop industry, commercial and industrial systems remain the largest segment because their electricity tariffs are relatively higher than

103、other sectors and they also have a relatively stable load profile during the day that can enable larger savings on electricity bills, depending on the policy scheme in place.However, considering the targets committed by India including at the international forums with respect to rooftop solar photov

104、oltaic plants, there is still tremendous scope and opportunity presented by the segment. Highly adaptable for use on vacant rooftops due to the modular nature of the solar PV.Reduced land and interconnection costs. Higher tariffs for the developer due to increasing commercial and industrial tariffs

105、lead to increased profitability. Assists Distribution Companies (DISCOMs) by reducing the peak demand during daytime. Decreases Transmission and Distribution (T&D) losses since the power is consumed at the point of generation. More than 10,000 Mega Unit (MU) of electricity will be saved through avoi

106、dance of T&D losses in 2022 alone if 40 GW rooftop PV is achieved.41Commercial benefits in avoiding investments in transmission system. Offers the benefits of modern electricity services to households with no access to electricity, reduces electricity costs on islands and in other remote locations t

107、hat are dependent on oil-fired generation.Enables residents and small businesses to generate their own electricity.INDIAS RISING SOLAR SECTOR2140 https:/ https:/ of the key players in this market include: INDIAS RISING SOLAR SECTOR22INDIAS RISING SOLAR SECTOR23In contrast to on-grid solar systems, w

108、hich are the most commonly found solar power systems, off-grid solar power generation is one where the user is not connected to the local utility grid. Whereas in an on-grid solar system, excess energy generated is sent back to the grid, in an off-grid solar system, a generator must provide for back

109、-up batteries that can store the excess solar energy. Off-grid solar power production is among the oldest programmes run by the MNRE. Its aim has been to provide energy in areas where grid power is either unavailable or impossible. The programme covers applications such as solar home lighting system

110、s, solar street lighting systems, solar power plants, solar pumps, solar lanterns and solar study lamps, among others.42Targets for power production in off-grid solar systems have been maintained since the National Solar Mission was launched in 2008. They have been consistently revised upwards in ea

111、ch phase of the mission; under Phase-III, the most recent phase, a target of 118 MW was set for off-grid and decentralised solar PV applications. In this phase, off-grid solar power projects of individual sizes up to 25 Kilo Watt (kW) may also be installed in areas where grid power is unreliable or

112、absent.43 This does not include solar pumps, which are to be installed under the PM KUSUM scheme, which will solarise existing grid connected agricultural pumps. Solar home lighting is also being pursued under the Saubhagya Scheme of the Ministry of Power.More recently, MNRE issued guidelines for th

113、e implementation of off-grid solar power projects under the renewable energy service company model, or RESCO, a zero-investment model in which the consumer pays only for the electricity generated, while the solar system is owned bythe developer.Despite a push towards electrification in the country,

114、especially under the government of Prime Minister Modi, India has remained a leading consumer of standalone solar products. In 2018, the country represented over 30 per cent of the global volume share of sales in the sector as per a report published by GOGLA and the World Bank Groups Lighting Global

115、 program. It also remains the largest market for portable lanterns.44 EXTENDING INDIAS SOLARNETWORK: OFF-GRIDSOLAR PRODUCTS42 https:/mnre.gov.in/solar/solar-offgrid 43 https:/mnre.gov.in/solar/solar-offgrid 44 https:/sun-connect-news.org/fileadmin/DATEIEN/Dateien/New/report_india_and_the_solar_stand

116、alone_market_sizing_in_india_web_opt.pdfAt present, the Indian market is driven primarily by the government while private players have gradu-ally, over the last ten years, increased their presence. Decreasing prices of products (due to reduced costs of components and economies of scale) has helped p

117、rivate players expand their footprint and increase revenues through sales. By 2023, the private market is estimated to reach a market value between USD 206 Million (Mn) and USD 327 Mn.45INDIAS RISING SOLAR SECTOR24Cumulative off-grid installed systemsSource: MNRE Annual Report 202045 https:/sun-conn

118、ect-news.org/fileadmin/DATEIEN/Dateien/New/report_india_and_the_solar_standalone_market_sizing_in_india_web_opt.pdf Lanterns and Study Lamps (No.)78,30,685Home Lights (No.)17,23,479Street Lights (No.)8,13,132Solar Pumps (No.)2,72,700SPV Plants (MWp)216.4Up to 31.12.2020INDIAS RISING SOLAR SECTOR25Th

119、e solar industry in India is booming and growing at a tremendous pace. In addition to the traditional solar products and technology, recently there have been some exciting innovations in the space. While some upcoming technologies such as floating solar and battery storage have already made strides,

120、 a few innovations are just brewing up in the ecosystem. Battery Storage:With a rise in the need for solar energy, storage would play a vital role in ensuring the flexible operations of power systems. India, with its ambitious renewable energy targets, is already shifting its focus towards storage-b

121、ased projects to tackle the intermittency of the power generated through clean energy sources.Indias energy storage market was worth USD 2.1 Bn in 2019,46 which translates to 230 GWh47 during the 2020-27 period. This coupled with the increased focus of the government in achieving its 2022 target of

122、100 GW solar capacity and 60 GW capacity of wind power will propel the energy storage market in India. By 2040, India is touted to become the largest market for utility scale energy storage.48 The government of India is playing a catalytic role in establishing and developing the energy storage marke

123、t in India. Piggybacking on government measures to boost adoption of renewable energy in India, energy storage is poised to grow as a promising field for foreign investors looking to leverage Indias clean energy ecosystem. Between 2018 and 2020, storage tenders of 169 Mega Watt Hour (MWh) capacity h

124、ave been issued by the government. In addition to this, SECI has released two more solar tenders with 3,900 MWh of storage capacity.49 The government of India will also invest around USD 2.4 Bn over the next five years to support the manufacturing of Advance Chemistry Cell (ACC) batteries to help bo

125、th domestic and international players set up operations in India.CUTTING EDGETECHNOLOGY IN INDIASSOLAR SECTOR46 https:/ces-ltd.in/india-stationary-energy-storage-market-is-set-to-double-its-annual-capacity-additions-before-2027/#:text=The%20market%20overview%20report%20estimates,for%20projections%20

126、is%202020%2D27.47 https:/indiaesa.info/resources/industry-reports/3106-india-stationary-energy-storage-market-overview-report-2020-2027#:text=India%20Energy%20Storage%20Alliance%20(IESA,applications%20making%20up%20the%20rest.48 https:/ https:/ Solar:Floating solar plants refer to the deployment of

127、photovoltaic panels on the surface of water bodies. The floating solar systems are designed to overcome land acquisition issues and open new and exciting opportunities for the sector. The floating solar technology has started gaining attention worldwide and the annual capacity addition is expected t

128、o reach 4.6 GW by 2022 from 1.1 GWin 2018.50 In addition to addressing land acquisition issues, floating solar systems also provide a cooling effect that improves the performance of the panels by 5-10 per cent. Reduced grid interconnection costs, improved water quality, reduced water evaporation and

129、 algal blooming are some of the other benefits of floating solar systems.51 Expected to generate power by 2022-23, the worlds largest floating solar energy project is being constructed in Madhya Pradesh. The 600 MW project will be located at the Omkareshwar dam on Narmada River in Khandwa district o

130、f Madhya Pradesh. It has an estimated investment of USD 408 Mn (INR 3,000 crore). The International Finance Corporation, the World Bank and Power Grid have granted in-principal consent for providing aid for the development of this project.52Additionally, a second floating solar project has been comm

131、issioned by the National Thermal Power Cooperation (NTPC) will be hosted at the Ramagundam thermal power plant reservoir near Peddapalli distric in, Telangana. With an estimated cost of USD 57.64 Mn (INR 423 crore, the project has a capacity of 100 MW and is expected to become operational shortly. T

132、he project is set to have 450 thousand photovoltaic panels covering 450-acre area of the reservoir with the possibility of future expansion.53As reported by NTPC, the MahaRatna company is planning to set up more floating solar projects across all thermal power plants in India:5492 MW floating unit a

133、t Kayamkulam gas plant in Kerala, 25 MW unit at Simhadri power plant, and230 MW ground-mounted solar power plant in Ettayapuram near Tuticorin, Tamil Nadu.a)b)c)INDIAS RISING SOLAR SECTOR2650 https:/ https:/ https:/ https:/ https:/ Axis Solar Tracking To profit from the suns continuously changing po

134、sition through the year, a dual rotating axis has been developed for the PV modules to move from east to west and north to south simultaneously. This allows the solar panel to angle itself so as to maximise the incidence of solar radiation. Solar Coating Solar panels are constantly exposed to natura

135、l elements like rain and wind. This leads to dust accumulation on the surface of the panel that lead to reduction in efficiency. Multifunctional thin films or coatings combat this by enhancing self-cleaning, anti-reflection, anti-fogging and energy transmittance properties of solar panels.55 Geometr

136、ic patternsResearchers at Northwestern University have developed an algorithm based geometric pattern that enhances energy trapped in thin or organic solar cells. Using geometric patterns results in a three-fold increase over a thermodynamic limit reached at in the 1980s that statistically describes

137、 how long a photon can be trapped in a semiconductor.56 Uninterrupted Power Supply (UPS) with Solar PowerUninterruptible power supply (UPS) allows electricity-operated objects like solar panels to continue running during an emergency. Solar charged batteries and battery backups may also be used to s

138、tore excess solar power for later use.57 High Temperature Solar TechnologiesExperimental Solar Furnace for High Temperature Chemistry, a method to converge foci, generated by multiple lenses has been developed. Such convergence of multiple foci leads to generation of ultra-high temperatures with ext

139、remely high flux densities in a comparatively small area, leading to greatly reduced re-radiation (T4) losses. Methods to convey gases and solids through such foci, that lead to enhanced throughputs in the system have been invented. A 1 KW proof of concept has demonstrated temperatures above 2,200 d

140、egree Celsius at heat rates of 300 Deg/Sec. 1.2.3.4.5.INDIAS RISING SOLAR SECTOR27Innovations:55 https:/ 56 https:/ 57 https:/ RISING SOLAR SECTOR28The government of India, in conjunction with state governments, provides various incentives for the development of solar power and other renewable energ

141、y sources. In addition to funding numerous subsidies and capital tax incentives, the government has undertaken the following steps to boost Indias renewable energy sector.GOVERNMENT POLICIES:STATE AND CENTRALThe government recently announced Production Linked Incentives (PLI) worth USD 606 Mn(INR 4,

142、500 crore) for domestic manufacturing of high-efficiency solar PV modules over a period of five years.58Domestic Content Requirement (DCR)Tenders for setting up solar PV manufacturing capacities in India linked with assured offtake in the form of PPAs for solar power plant. Approved list of Models a

143、nd Manufacturers (ALMM) of solar photovoltaic cells and modules.Wind-Solar Hybrid National Policy was launched in May 2018. As of December 2020 capacities of 1.4 GW of wind-solar hybrid projects are under implementation in Rajasthan and Tamil Nadu.In 2020, the central government approved setting up

144、an Empowered Group of Secretaries (EGoS) and Project Development Cells (PDCs) in each ministry and department within the government. The EGoS and PDCs will attract and facilitate investments into India. A total of USD 1.1 Bn has been allocated towards setting up 50 solar parks with a total generatin

145、g capacity of 40 GW by 2021-22; 42 parks with 26.8 GW have already been approved as of December 2020.Financial support will be extended to renewable energy industries for undertaking research and development in association with technology institutions. Private sector companies will be given an allow

146、ance to establish enterprises to operate as license or generating companies. a.b.c.d.e.f.g.h.i.Production Incentives 1.GOVERNMENT IMPETUS58 https:/www.pib.gov.in/PressReleasePage.aspx?PRID=1710113https:/mnre.gov.in/img/documents/uploads/file_f-1615355045648.PDFINDIAS RISING SOLAR SECTOR29Under the S

147、mart Cities Mission, provision must be made for rooftop solar manufacturing capacity and at least 10 per cent of energy must be generated renewably. Renewable Purchase Obligation (RPO): All electricity distribution licensees must purchase or produce a specified minimum quantity of their total requir

148、ements from renewable energy sources.j.k.2.MNRE and the Ministry of Finance have finalised the new Basic Customs Duty (BCD) on solarPV cells and modules. They have notified a 25 per cent BCD on solar PV cells and 40 per cent duty on solar modules without grandfathering of bid-out projects. The propo

149、sed date of implementation of the new duty cycle is April 1, 202v2. To promote domestic production and build domestic capacity, duties on solar inverters have been increased to 20 per cent (up from 5 per cent earlier), and the duties on solar lanterns have been increased to 15 per cent (up from 5 pe

150、r cent earlier).59The centre has waived inter-state transmission charges for both solar and wind energy.Facilities for promotion of export-oriented units of the renewable energy industry. A 100 per cent FDI is permitted in the renewable sector under the automatic route.a.b.c.d.e.Fiscal Incentives3.S

151、olar and wind power have been classified under white category for easier environment clearances. Clean Energy Fund: Clean Energy Cess, later renamed as the Clean Environment Cess, introduced in February 2010, imposes a cess on coal, lignite and peat. In 2016, the cess was increased to USD 5.45 (INR

152、400) per tonne.To enhance adoption of renewable energy, the Indian Railways announced that 960 railways stations have solar installations in place to meet their power requirements. Indian Railways has set a target of 100 per cent electrification by 2023.Green Energy Corridors: Launched in 2015, the

153、Green Energy Corridor aims at synchronising energy produced from renewable sources with conventional power stations in the grid. The project has been implemented in eight renewable energy rich states Tamil Nadu, Rajasthan, Karnataka, Andhra Pradesh, Maharashtra, Gujarat, Himachal Pradesh and Madhya

154、Pradesh for the evacuation of over 20,000 MW of renewable power. The project is being implemented in these states by their respective State Transmission Utilities (STUs).a.b.c.d.Disincentivising Fossil Fuels59 https:/www.investindia.gov.in/team-india-blogs/back-growth-union-budget-2021-22-announceme

155、nt-renewable-energy INDIAS RISING SOLAR SECTOR301.Development of Solar Parks and Ultra Mega Solar Power ProjectsScheme for setting up of over 5000 MW Grid-connected SPV power projects under IV of JNNSM PHASE-IIScheme for setting up of over 5000 MW Grid connected Solar PV Power projects in Andaman an

156、d Nicobar and Lakshadweep Islands with Capital Subsidy from MNRECentral Public undertaking (CPSU) Scheme Phase-II (Government Producer Scheme) for setting up 12,000 MW grid-connected Solar Photovoltaic (PV) Power Projects by the Government Producers with Viability Gap Funding (VGF) support for self-

157、use or use by Government/Government entities, either directly ot through Distribution Companies (DISCOMs)Grid Connected Solar Rooftop Programmea.b.c.d.e.Grid Connected2.Off-grid and Decentralised Solar PV Applications Programme- Phase IIIPradhan Mantri Kisan Urja Suraksha evam Utthan Mahabhiyan (PM

158、KUSUM)Atal Jyoti Yojana (AJAY): Phase IIScheme on “Scale Up of Access to Clean Energy for Rural Productive Uses”Seven Million Solar Study Lamp Scheme for School Going Childrena.b.c.d.e.Off-gridCENTRAL GOVERNMENT SCHEMES:INDIAS RISING SOLAR SECTOR311 13452The 5 States with Highest Installed Capacity5

159、Rajasthan5.4 GW2Tamil Nadu4.4 GW3Gujarat4 GW4Andhra Pradesh4 GW1Karnnataka7.3 GW(As of 28.02.21)StateRankInstalledCapacityhttps:/www.investkarnataka.co.in/wp-content/uploads/2020/11/Booklet-final-.pdfINDIAS RISING SOLAR SECTOR32STATE GOVERNMENT SCHEMESKarnatakaKarnataka Industrial Policy (KIP), 2020

160、Capital SubsidyElectricity DutyLandMSME*: Subsidy covering 75% of cost of Effluent Treatment Plants (ETP) (up to INR 60 lakh or USD 0.82 Mn).Large Units: 50% of cost of ETP (up to INR 2.5 crore or USD 0.340 Mn) and 50% of cost of common ETP (up to INR 5 crore or USD 0.681 Mn).Parks: 50% of cost of s

161、econdary treatment plant (up to INR 1 crore or USD 0.136 Mn)*Micro, Small and Medium EnterprisesMSME: 100% exemption for up to 7 years in Zone 1 and for up to 6 years in Zone 2. There is no exemption in Zone 3. Tax ReimbursementProduction turnover-based incentives based on percentage of value of fix

162、ed assets. Varies for MSMEs, large units and parks depending on zones.Stamp DutyExemptionMSME: Micro and Small Enterprises (MSME) in private industrial parks at 25% of guidance value (up to 1 acre) in Zone 1 and 2 only; reimbursement of land conversion fee.Skill UpgradationMSMEs: Support to artisans

163、: 4% interest on term loans and working capital Loans; 10% market development assistance on turnover of handicrafts; 75% of grant for machineries and tools for artisan associations, etc. Mega InvestmentGreater than INR 250 crore (USD 35-40 Mn)MSMEs: 100% exemption on loan agreements and mortgages (u

164、p to 5 years), Lease, Lease-cum-Sale, absolute sale deed (from selected industrial enterprises) in zone 1 and 2; Large Units: 100% exemption in zone 1 and 75% in zone 2; 100% exemption in all zones for private industrial parks.Special Incentives50% of total installed capacity is renewable, second la

165、rgest solar park globally, eligiblefor all KIP subsidy in this policy, except Investment Promotion Subsidy. INDIAS RISING SOLAR SECTOR33https:/igrs.rajasthan.gov.in/writereaddata/Portal/Images/pdf/F-CCT-8506-17122019.pdfRajasthanRajasthan Solar Energy Policy 2019, Rajasthan Incentive Promotion Schem

166、e 2019Stamp DutyExemptionSkill Upgradation1. Reimbursement of 90% of contribution paid for employees for 7 years2. Enterprises making an investment equal to or above INR 10 crore (1.36 Mn) in solar equipment Sector: 25% additional employment generation subsidy in the form of reimbursement of employe

167、rs contributions, subject to upper limit of 75% employment generation subsidy for any employee, towards employees EPF and ESI for seven years.Mega InvestmentGreater than INR 100 crore (USD 13.6 Mn) and direct employment of 200 persons.100% exemptionCapital SubsidyElectricity DutyLandFor enterprises

168、making an investment equal to or above INR 10 crore (USD 1.36 Mn) in solar equipment sector:(i) 5% interest subsidy on term loan taken by enterprise from financial institutions or state financial institutions or banks recognised by Reserve Bank of India, for making an invest-ment in plant and machin

169、ery, for a period of five years subject to a maximum of INR 25 lakh (USD 34,063) per year; or (ii) For manufacturing units: capital subsidy equivalent to 20% of investment made on the plant and machinery, subject to a maximum of INR 50 lakh (USD 68,096).(iii) Mega units: 125% of eligible fixed capit

170、al investment as approved by the appropriate screening committee.1. 100% exemption for 10 years2. Enterprises making an investment equal to or above INR 10 crore (USD 1.36 Mn) in solar equipment sector: Exemption from payment of electricity duty for additional three years.3. The electricity consumed

171、 by the power producer for captive use within state to be exempted from payment of Electricity Duty for 7 years from COD.Tax ReimbursementInvestment subsidy on SGST to solar energy equipment manufacturers: 90% of SGST due and deposited for seven years.Enterprises making an investment equal to or abo

172、ve INR 10 crore (USD 1.36 Mn) in solar equipment sector: 25% additional investment subsidy of state tax due and deposited for seven years.Land allotment at 50% concessional rate in industrial area/any other areahttps:/embindpp.gov.in/pdf/notice/TamilNadu_Industrial_Policy_2021.pdfINDIAS RISING SOLAR

173、 SECTOR34Tamil NaduTamil Nadu Industrial Policy 2021Stamp DutyExemptionSkill UpgradationSix month training subsidy INR 4,000 ( USD 54.5) per month per worker who are residents of Tamil Nadu. INR 6,000 (USD 81.7) per month for women and transgender employees, persons with benchmarked disabilities, pe

174、rsons from SC/ST communities.Mega InvestmentMega: INR 500-5,000 crore ( USD 68.1 Mn 681 Mn) and investment of 4 years100% concession on Stamp duty for land obtained from SIPCOT.Special Incentives Interest Subvention: 5% rebate in the rate of interest to ultra-mega projects subject to ceiling limits

175、for large, mega and ultra-mega projects.Quality certifications incentive: subsidy of 50% of the total cost incurred, as certified by the chartered accountant, limited to INR 25 lakh (USD 34.07 thousand) for the period of investment.Intellectual Property Creation Incentive: 50% of cost; maximum INR 3

176、0 lakh (USD 40.89 thousand)Capital SubsidyElectricity DutyLandFor Large, Mega and Ultra-Mega Projects: 10% to 25% of Eligible Fixed Assets (EFA) based on project category and district category of the location.ORFlexible Capital Subsidy: Category A district: Up to 35% of EFA Category B district: Up t

177、o 37 % of EFA Category C district: Up to 40% of EFA Additional capital subsidy of up to 7.5% of EFA for Mega and Ultra-Mega Projects for “A” Districts, or Large, Mega and Ultra-Mega Projects for “B” & “C” Districts.OR Turnover Based Subsidy: For Mega & Ultra Mega Projects creating employment greater

178、 than 2,000: Based on district category, subsidy can range between 1% to 2%.Sub-Large projects eligible for a back-ended capital subsidy of INR 1 crore (USD 0.14 Mn). upon the completion of the investment within the standard investment period of 4 years. Sub-Large Projects in “C” Districts: Fixed Ca

179、pital Subsidy of 5% of EFA upon the completion of the investment.Electricity tax exemption for a period of 5 years on power purchased from the Tamil Nadu Generation and Distribution Corporation Ltd. (TANGEDCO) or generated and consumed from captive sources.Tax ReimbursementSGST Refund:Net SGST reimb

180、ursement for goods manufactured, sold and registered in Tamil Nadu subject to a limit of 100% of EFA on a case-by-case basis.ORSpecial capital subsidy: 5% - 15% of EFA on a case-to-case basis.SIPCOT A & B Districts: 10% concessional rate and for C Districts: 50% concessional rate for land up to 20%

181、of EFA.For FDI: private land in “C” districts, 50% subsidy will be offered on cost of land as per guideline value up to an extent of 50 acres and subject to land cost not exceeding 20% of EFA and a cap of INR 1 crore (USD 0.14 Mn), at least 70% of the land is used for manufacturing operations.https:

182、/ic.gujarat.gov.in/documents/commondoc/2020/Industrial-Policy2020.pdfINDIAS RISING SOLAR SECTOR35GujaratStamp DutyExemption100% exemptionSpecial Incentives Assistance up to 25% of project cost for set up/ relocation / retrofitting of existing polluting industrial units into Green Industrial Estates:

183、 up to INR 25 Crore (USD 3.4 Mn).Special incentives to companies who relocate from other countries. Interest subsidy to be provided to MSMEs who switch to solar power. MSMEs can bank solar energy at INR 2.25/unit rate (USD 0.031). Additionally, interest subsidy will be provided on term loan to exist

184、ing industries that switch to solar power.Capital SubsidyElectricity DutyLand(Excluding land) solar equipment manufacturing is a thrust sector covered in three categories.Category 1: 12% of Fixed Capital Incentive (FCI);Category 2: 10% of FCI;Category 3 Taluka: 6% of FCI. Exemption for five years.Sk

185、ill UpgradationState will provide fiscal support in setting up skill development anchor institutes, specialised skill development centres, and skill upgradation centres etc. The state will also give incentives for skill enhancement up to INR 15 000 (USD 204)Government to lease government land to ind

186、ustrial enterprises for up to 50 years (extend-ible) at 6% of market rate.Gujarat Industrial Policy- 2020http:/apindustries.gov.in/IndustriesSpandana/Data/APIndustrail_Development_policy2023.pdfINDIAS RISING SOLAR SECTOR36Andhra PradeshIndustrial PolicySkill UpgradationThe state will set up 30 skill

187、 development centres and two skill development universities.Mega InvestmentMega: INR 500 crore (USD 72.0 Mn)Projects with direct employment generation of 2,000.Stamp DutyExemption100% reimbursementSpecial IncentivesInterest subsidy of 3% on the term loan taken for fixed capital investment by new Mic

188、ro and Small enterprises for 5 years from the date of commencement of commercial production.State, in collaboration with the central government/MNRE/Ministry of Power/multilateral agencies, will take measures to enable gradual replacement of conventional pump sets to solar powered pump sets through

189、subsidy support.Cross subsidy surcharge shall be exempted for third party sale provided the source of power is from Solar Power Projects (SPP) setup within the State for a period of five years from the date of commissioning of the SPP.Capital SubsidyElectricity DutyLandInvestment subsidy of 15% on F

190、CI limited to INR 20 lakh (USD 27 thousand) for MSEs. The subsidy will be released only after three years of continuous operation with at least 80% efficiency in all parameters like employment, production etc.Electricity duty shall be exempted for captive consumption, sale to DISCOM(s) and third-par

191、ty sale provided the source of power is from solar power projects setup within the state.Tax ReimbursementNet SGST: 100% reimbursement for 10 years, up to 100% of FCI.Priority allotment of government land in solar parks on long term lease basis. Acquired land will be charged conversion fee of 25% (u

192、p to INR 10 lakh or USD 13.6 thousand) and will be given non-agricultural land status.https:/ RISING SOLAR SECTOR37TelanganaTelangana State Solar Policy 2015Skill UpgradationSurya Mitra Skill development centres will impart required training and development. Telangana States Skill Development Missio

193、n in general and the Telangana State Accelerated SSI Skills Training (T-ASSIST) programme of the Industries and Commerce Department will aid in skill development of youth and skill upgradation of existing employees.Mega InvestmentProjects with an investment of over INR 200 crore (USD 27 Mn) in plant

194、 and machinery or those generating employment of more than 1000 persons. Stamp DutyExemption100 % refund of Stamp Duty for land purchase. Electricity DutyLandElectricity duty shall be exempted for captive consumption, sale to DISCOMS and third-party sale in respect of all solar projects set up withi

195、n the state. Also, electricityduty will be waived for the new manufacturing facilities and ancillaries of the solarpower projects. Tax Reimbursement100% refund of VAT/SGST for all inputs for solar power projects for a period of five years.1. Exemption from land ceiling act.2. Deemed conversion of no

196、n-agricultural land status.Indias ambitious renewable energy targets under various international agreements have set the stage for a country-wide revolution towards clean energy. As the threat of climate change causing conventional energy sources mounts, the push towards other sources has become yet

197、 more pressing. This, coupled with Indias need for greater electrification to meet its consumer and growth demands, has primed the country for an expansion of its renewable energy programmes. This immediacy has brought solar energyfound easily and abundantly in Indiato the forefront of this transfor

198、mation. India has various government programmes aimed at expanding its prominent solar programmes,and the central and state government incentives that enable this expansion. This report discusses in detail multiple solar energy production methods most common in India. Apart from grid connected solar

199、 systems, this includes rooftop solar systems, off-grid solar energy production, floating solar energy, and various other emerging technologies in the solar energy manufacturing sector. Aided by Indias solar manufacturing clusters and supporting policies, Indian solar sector provides ample opportuni

200、ties for investments to global investors. As India embarks on a long journey towards 100 per cent electrification and clean energy exploitation, solar energy (and other renewable energy sources) will pave the way for years to come. Solar energy, given Indias geographic location, is available in most

201、 parts of the country for nearly300 days. This holds immense untapped potential for Indias goals. With the rapid expansion of on- grid and off-grid solar power manufacturing under diverse government programmes and a rising consumer interest in the potential of solar energy, India can edge closer to

202、its goals. This expansion can be aided by investors for whom various investible segments of the solar sector have been highlighted.CONCLUSIONINDIAS RISING SOLAR SECTOR38INDIAS RISING SOLAR SECTOR39APPENDIXWindSolarSmall HydroBio EnergyTotal2013-1421.042.633.88.0435.512014-152.31.10.250.364.032015-16

203、3.423.090.220.197.022016-175.55.530.110.5511.322017-181.869.360.110.5511.892018-191.486.530.110.418.532019-202.076.450.090.108.71I. Year Wise Installations (in GW)*II. Previously Issued Tenders for Solar ProjectsS No.1Rajasthan Electronicsand Instruments LimitedSupply of Solar Cell 5.64-WattMono PER

204、C Technologyhttps:/eprocure.gov.in/eprocure/app?page=FrontEndTenderDetailsExternal&service=page&tnid=661665https:/eprocure.gov.in/eprocure/app?page=FrontEndTenderDetailsExternal&service=page&tnid=66166513.05.212Rajasthan Electronicsand Instruments LimitedInstallation-Commissioning with 5 years maint

205、enance period Grid connected SPV Power Plant(s) at Rooftop of various buildings in Rajasthan from regular/ approved vendorshttps:/eprocure.gov.in/eprocure/app?page=FrontEndTenderDetailsExternal&service=page&tnid=66234217.05.213SECIRfS for Setting up of 1785MW Grid-Connected Solar PV Power projects i

206、n Rajasthan (Tranche-IV)https:/www.seci.co.in/Error-404.aspx?404;https:/www.seci.co.in:443/view/publish/view/publish/tender/details?tenderid=5345434930303030343521.05.214Maharashtra State Electricity Distribution Company (MSEDCL)Long Term bids for Procurement of 500 MW Solar power (Phase VI)https:/w

207、ww.mahadiscom.in/supplier/wp-content/uploads/2021/05/1.-NIT.pdf04.06.215Maharashtra State Electricity Distribution Company (MSEDCL)Long Term bids for Procurement of 500 MW Wind-Solar Hybrid powerhttps:/www.mahadiscom.in/supplier/wp-content/uploads/2021/05/NIT.pdf08.06.21OrganizationTitleDeadlineTend

208、er Link*Source: MNRE, 2021INDIAS RISING SOLAR SECTOR40III. Solar Manufacturing Clusters*Solar CellsBacksheetTemperedGlassEncapsulantTata Power Solar Bangalore, Karnataka 300 MW Moser Baer Noida, UP 185 MW Component Company LocationCapacity (if available) RenewSys Hyderabad, Telangana 130 MWJupiter S

209、olar Baddi, HP280 MWIndosolar Noida, UP 200 MWWebsol SolarFalta, West Bengal 280 MWBHEL Bangalore, Karnataka 105 MWGarware PolysterAurangabad and Nashik, MH- Polycomm Associates Daman, Daman and Diu - - RenewSys Bangalore, Karnataka 3 GW Shingi UrjaSilvassa, Dadra and Nagar Haveli 1.8 GWVishakha Ren

210、ewables Mundra, Gujarat1.5 GWAllied GlassesMeerut, UP 80L sq.m per annum Brij Encapsulants Bahadurgarh, Haryana- Lucent CleanEnergy Ahmedabad, Gujarat- RenewSysBangalore, Karnataka 1.4 GW Shauri Solar Private Secunderabad, Telangana-Sunlink PVPune, MH 23 Mn sq.m per annum Vishakha RenewablesMundra,

211、Gujarat1.2 GWGujarat Borosil Bharuch, Gujarat 180 tonnes/day - toexpand to 400tonnes/day by 2020 Birkan Engineering Ghaziabad, UP -GSC Toughened Glass Noida, UP + Navi Mumbai, MH-Pvoltaic Mundka, New Delhi -Sktuff GlassNoida, UP -Allied Glasses Meerut, UP *Source: Boston Consulting Group (BCG), 2020

212、INDIAS RISING SOLAR SECTOR41IV. Solar PV Technologies*V. Solar Module BOM and Manufacturing Clusters*Polycrystalline70%Higher prevalence in India due to cheapercost and suitability for harsher temp. profile Technologies Percentage Occupied CommentsMonocrystalline 30%-Others 1% (However new projects

213、expect topush this up to 5% in next 2-3 years)-Solar Cells 85414011Noida, Gujarat, Maharashtra, Karnataka 55%Tempered Glass70071900 Distributed - no concentrationobserved as materials are notspecialized like Cells8%Backsheet No code observed:encompassed in the codes3920 and 3921 Some key codes obser

214、ved: - 39206290 - 39201099 - 39209919 - 39219099 4%Encapsulant -EVA Film Multiple codes: - 85419000 - 76169990 - 76041020 - 76109090Multiple codes: - 35061000 - 35069999 - 32141000 - 350691904%Aluminium FrameNo code observed:encompassed in the codes3920 and 3921 Some key codes observed: - 39209999 -

215、 39201099 - 392190996%ComponentsHSN Codes % CostweightageManufacturing concentrations83113090Solder Wire 2%71069290Silver Paste 2%Silicone Sealant4%*Source: BCG, 2020INDIAS RISING SOLAR SECTOR42Distributed - no concentrationobserved as materials are notspecialized like CellsComponentsHSN Codes % Cos

216、tweightageManufacturing concentrationsMultiple codes: - 85369030 - 85359040Junction Box withCable 6%85414090 Packaging Box 5%29029090 Flux2%*Source: BCG, 2020invest-indiainvestindiainvestindiaofficialInvestIndiaIPAKanika Verma,Strategic Investment Research Unit and Renewable Energy & Power Team, Invest India Aarushi Aggarwal, Strategic Investment Research Unit,Invest India