BMI View: Solar capacity will register the fastest growth rates over our 10-year forecast period and dom inate the project pipeline. T he ongoing sector and country-specific risks, such as the land acquisition bill, T&D bottlenecks and business environment hurdles threaten project realisation. Countries that have recently formed trade links with India, such as UK and US, will continue to play a key role in the competitive landscape.
|e/f = BMI estimate/forecast. Source: EIA, BMI|
|Generation, Non-Hydropower Renewables, TWh||52.008||61.851||78.456||89.753||102.492||114.974||128.124|
|Generation, Non-Hydropower Renewables, % y-o-y||15.617||18.928||26.847||14.399||14.192||12.179||11.437|
|Capacity, Non-Hydroelectric Renewables, MW||33,909.2||39,953.7||49,986.1||56,860.9||64,220.5||71,458.1||79,228.3|
|Capacity, Non-Hydroelectric Renewables, % y-o-y||13.6||17.8||25.1||13.8||12.9||11.3||10.9|
Latest Updates And Structural Trends
The Asian Development Bank is providing a USD6mn loan to help fund the installation of 75,000 off-grid solar systems in India - via Simpa Energy India. Mobile phones will used to set up payment plans for the systems.
Inox Wind commissioned a 170MW wind farm in Ratlam District, Madhya Pradesh in February 2016, for renewable energy group Continuum Wind Energy. The two firms are holding advanced talks regarding more orders in future.
In January 2016, it was announced that EDF Energies Nouvelles has acquired a 50% stake in Indian wind power company SITAC Wind Management and Development. The venture plans to install 142MW of wind capacity in the country in 2016.
In January 2016, the Cabinet Committee on Economic Affairs has approved a plan to raise subsidies for rooftop solar power projects from the current USD92mn to USD770mn by 2019/20 as part of the National Solar Mission. The subsidy increase will reportedly support the installation of 4,200MW of solar rooftop systems in the next five years.
India-based energy company ACME Solar secured a 150MW solar power project in the state of Haryana in February 2016. ACME will sell the project's output to local firm Haryana Bijli Vitran Nigam at a tariff rate of INR5 (USD0.07) per unit under the renewable purchase obligations programme from 2017.
The India Renewables Report researched at source contains BMI Research's assessment of the current renewables market in India. The report also contains historical data together with forecasts to end-2018 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.
- 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.
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-2018 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 Rankings
BMI's Renewables Business Environment Rankings provide fully comparable Risk-Reward Rankings aimed at investors in the regional renewables market.
The rankings methodology makes sophisticated use of various industry, economic and demographic data point.