GE & ADB Investment in India

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Welspun Renewables by Mr Nikhil Mehra
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Where does India stand in the race for renewable
energy
The renewable energy sector in India is
witnessing immense growth and presents an
opportunity for remarkable financial returns.
Strong support from the Government of India
reinforces the market fundamentals, creating a
dynamic market which is growing rapidly. India
already boasts of 35 GW of renewable energy
capacity and plans to grow this 500 over the
next six years. India presents a picture of a
reliable, fast growing, well-diversified, and
profitable market opportunity for renewable
energy. Indias per capita energy consumption is
very low. The growth picked up in recent years
rising from 612 kWh to 1,010 kWh over last decade
(2005- 2015)a growth of 5.1 per annum. Rural
electrification and provision of 24X7 power
supply is a major priority for the government.
Urban centres, too, have undergone rapid growth
and India, which is relatively less urbanized
with only 31 of population in cities, is moving
in the direction of other developing nations such
as China (50 urban population) and Brazil (87).

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Urban areas are significantly more energy
intensive and constitute a key driver of demand
growth. Policy support Energy security is a
prominent policy concern. A number of studies
suggest that Indias renewable resource base is
several times higher than the earlier estimates.
According to a Berkeley lab study, Indias wind
potential ranges between 2,006 GW and 3,121 GW
(for different mast height and site conditions)
which is several times the earlier official
resource assessment of 48.5 GW. Renewable energy
build, is increasingly competitive with
electricity from mainstream fossil fuels such as
coal and natural gas. This is driven both by a
variety of global factors including technology,
module prices, and optimization, as well as local
factors such as competition in capital goods and
EPC, financial engineering, new entrants, and
captive users.
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Public opinion has lent consistent support to
sustainable energy in India, and this has
facilitated states maintain a positive and stable
policy environment over the years. On similar
lines, a number of private companies are setting
up renewable energy projects for their own use,
or have committed to source 100 of their
consumption from green sources. State-owned
organizations are entrusted with the task of
establishing 10 GW solar projects. Renewable
energy projects are often located in distant and
remote areas and in some cases in arid lands.
Employment, even in limited numbers, helps
improve social and economic prospects of the
region. Decentralized energy initiatives such as
roof-top solar power plant and solar-powered
agriculture pump sets offer immense scope to
generate electricity, thus offering a modest
source of income.
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Awards
GLOBAL SOLAR ENERGY LEADERSHIP AWARD 2015
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Contact Us
MUMBAI 406, Hubtown Solaris, NS Phadke
Marg, Andheri East, Mumbai - 400069, Phone
91-022-61408000 Fax [phone] NEW
DELHI 3rd Floor, Press Trust of India Building.
4 Parliament Street, New Delhi - 110001 Phone
91-011-66034600 Fax [phone] General
Enquiries Email welspunenergy_at_welspunenergy.com W
ebsite http//www.welspunrenewables.com