India Renewables Report

Published 11 June 2015

  • 43 pages
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  • Includes 3 free updated quarterly reports
 
$1,295.00
India Renewables Report

BMI View: Our view that power sector reforms would be a top priority for Modi's government is playing out and we have witnessed notable progress in India's renewables expansion. Investor interest in the market is high, the project pipeline continues to swell and rising power consumption and off-grid requirements will ensure the demand for renewable energy technologies remains high.

Modi is a strong supporter of renewable energy and the government - through the Ministry of New Renewable Energy - has scaled up India's 2022 renewables targets dramatically since the 2014 election. In particular, the ambition and high degree of government involvement in the solar sector is helping to drive growth and we view the solar segment as a clear outperformer across the power market. Key Trends And Developments

  • The Ministry of New Renewable Energy recently scaled up the country's renewable energy targets for 2022. The government now hopes to install 175 gigawatts (GW) of capacity by 2022 (up from an original 33.8GW), consisting of 100GW of solar power, 60GW of wind, 10GW of biomass and 500 megawatt (MW) of small-scale hydropower.

  • Spanish firm Gamesa announced in April 2015 that it has secured six orders for wind projects totalling 194MW in India. Gamesa will construct one 50MW wind farm in the state of Madhya Pradesh and another 108MW plant in the state of Gujarat as part of a turnkey contract with an unnamed local independent power producer. After commissioning them in July 2015 and February 2016, respectively, Gamesa will be responsible for maintaining them under long-term service contracts.

  • The budget allocation for FY2015/16 for the renewable energy sector has been reduced by nearly 6% when compared to the revised budget of the previous year (2014/2015) - if the 'Internal and Extra Budgetary Resources' is also included.

  • Following a series of talks between US President Obama and Modi in January 2015, there will be increased cooperation between the two countries...

Table of Contents

BMI Industry View
5
SWOT
7
Industry Forecast
9
India Renewables Forecast Scenario
9
Table: Total Electricity Generation Data And Forecasts (India 2013-2018)
9
Table: Total Electricity Generation Data And Forecasts (India 2019-2024)
10
Table: Electricity Generating Capacity Data And Forecasts (India 2013-2018)
12
Table: Electricity Generating Capacity Data And Forecasts (India 2019-2024)
13
India Renewables Projects Database
20
Table: Renewables Projects - India
20
Industry Risk Reward Index
27
India Renewables Risk/Rewards Index
27
Rewards
27
Risks
28
Market Overview
29
Sustainable Energy Policy And Infrastructure
29
Targets (Renewables And Emissions)
29
Subsidies
29
Table: Renewable Feed-In Tariffs In India
31
Infrastructure
32
Competitive Landscape
33
Power Grid
33
Suzlon
34
National Thermal Power Corporation
34
National Hydroe-Electric Power Corporation
34
Bharat Heavy Electricals (BHEL)
35
Glossary
36
Table: Glossary Of Terms
36
Methodology
37
Methodology And Sources
37
Industry Forecast Methodology
37
Sources
39
Risk/Reward Index Methodology
39
Table: Renewables Risk/Reward Index Indicators
41
Table: Weighting Indicators
42

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.

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-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.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc