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Sahaj Solar Ltd

Knowledge Center

India Renewable Energy outlook and opportunities for Sahaj

A target of installing 100 GW of grid connected solar power by 2022 (achieved till 2019- 28.10GW)

  • India’s solar target till 2030 – 260 GW so Installation required per year 25GW
  • Highest installation achieved by India in a year 12GW in 2018
SR No
Year
Capacity added during F.Y. (MW)
Cummulative Capacity (MW)
1
Upto 2010
8.54
11.35
Mo2
2010-11
24.58
35.93
3
2011-12
896.37
932.3
4
1012-13
752.16
1684.46
5
2013-14
947.46
2631.93
6
2014-15
1112.07
3743.97
7
2015-16
3018.88
6762.87
8
2016-17
5525.98
12288.85
9
2017-18
9362.63
21651.48
10
2018-19
6529.2
28180.68
SR NoYearCapacity added during F.Y. (MW)Cummulative Capacity (MW)
1Upto 20108.5411.35
22010-1124.5835.93
32011-12896.37932.3
41012-13752.161684.46
52013-14947.462631.93
62014-151112.073743.97
72015-163018.886762.87
82016-175525.9812288.85
92017-189362.6321651.48
102018-196529.228180.68

4Lakh Solar pump annually by EESL Separate schemes by some of the states for pumping as well as PHE projects amounts to Rs. 9000 Cr.

Additional Growth from scaling up of EV market and remote charging stations

Value (million USD) of Solar PV Cells/Modules imported in India
        
Countries / Year2013-142014-152015-162016-172017-182018-192019-Dec19
China53054019902750346017001200
Taiwan50525967696610
Germany3071065286
Malaysia52762002472605330
USA5620151275
Other Countries57791607672470455

Global consumers from USA/CANANDA/EUROPE/AUS are looking towards India for export of modules.

Key Growth Drivers for the Industry

  •  Government commitments :
    Reduce the emissions intensity of GDP by 33% -35% below the 2005 levels and increase share of non-fossil fuel in total capacity to ~40% by 2030
  • Robust Demand :
    60 solar cities approved and $1.3 bn allocated for setting up 50 solar parks of 40GW by 2020.

Moreover as India has lowest per capita energy consumption so as the industry will grow energy requirement and consumption will increase.

Resources Capacity (GW)
Thermal
Coal 202.67
Lignite 6.62
Gas 24.92
Diesel 0.51
Other Resc
Nuclear 6.78
Hydro 46.21
Renewabl
Soalr 40.5
Wind 39.41
Small Hydro 4.79
Biomenthanation 10.15
Waste to Energy 0.17

Demand supply Gap: Annual deficit of production V/s consumption is 14GW based on existing situation

Solar PV Manufacturing Capacity In India (GW)
Components Existing Capacity Annual Demand
Solar PV Cells 3 26
Solar PV Modules 10 26
Polysilicon 0 26
Solar Inverters 5 26

Annual requirement is 26 GW
Annual gap will reduced by 10GW incoming years by introduction of high efficiency modules production in India and due to anti dumping duty.

⦁ FDI (Foreign Investments)

$9.2 billion FDI equity inflow in renewable energy since 2014
100% FDI Allowed automatic route in projects of renewable power generation & distribution