Solar Energy Industry in India
Solar energy: The Light at the end of the tunnel?
A report submitted to Instructor: Prof. Mathukutty M. Monippally
Academic Associate: Ms. Nameeta Chandra
In partial fulfilment for the requirements of the course
Written Analysis and Communication
By
Rohan Arora
Section A
On
04 February 2012
INDIAN INSTITUTE OF MANAGEMENT, AHMEDABAD
Table of Contents
Executive Summary 2 1. Current Energy Scenario in India 4 2. Solar Energy Sector in India and its issues 4 2.1. Barriers to entry 5 2.2. Low acceptance 6 3. Role of the government 6 4. Jawaharlal Nehru National Solar Mission and its impact 7 4.1 Achieving a grid-connected capacity of 20GW by 2022 7 4.2 Attaining grid parity by 2022 8 4.3 Promoting off-grid applications of solar energy 8 5. Challenges and recommendations 9 Exhibits 10 Bibliography 15
Executive Summary
India faces a significant challenge of future energy security which is exaggerated by a growing population and a depleting reservoir of natural resources. This combined with the threat of climate change underlines the need for renewable forms of energy like wind and solar.
India has been endowed with a huge solar potential (about 5000 trillion kWh/year energy is incident on its lands). But it has been unsuccessful in tapping this potential due to issues of high investments and low awareness.
The Jawaharlal Nehru National Solar Mission(JNNSM) was launched in 2010 to focus on three broad objectives: achieving installed grid-capacity of 20GW, attaining grid parity and promoting off-grid solar applications by 2022.
This has substantially increased investments, attracted superior technology and invigorated domestic R&D interest in the sector. But it has also scratched issues of land acquisition and undercutting due to huge discounts.
The success of JNNSM now solely depends on the Government’s approach towards transparency, easier financing, viable tariffs and finally a determined vision.
A report submitted to Instructor: Prof. Mathukutty M. Monippally
Academic Associate: Ms. Nameeta Chandra
In partial fulfilment for the requirements of the course
Written Analysis and Communication
By
Rohan Arora
Section A
On
04 February 2012
INDIAN INSTITUTE OF MANAGEMENT, AHMEDABAD
Table of Contents
Executive Summary 2 1. Current Energy Scenario in India 4 2. Solar Energy Sector in India and its issues 4 2.1. Barriers to entry 5 2.2. Low acceptance 6 3. Role of the government 6 4. Jawaharlal Nehru National Solar Mission and its impact 7 4.1 Achieving a grid-connected capacity of 20GW by 2022 7 4.2 Attaining grid parity by 2022 8 4.3 Promoting off-grid applications of solar energy 8 5. Challenges and recommendations 9 Exhibits 10 Bibliography 15
Executive Summary
India faces a significant challenge of future energy security which is exaggerated by a growing population and a depleting reservoir of natural resources. This combined with the threat of climate change underlines the need for renewable forms of energy like wind and solar.
India has been endowed with a huge solar potential (about 5000 trillion kWh/year energy is incident on its lands). But it has been unsuccessful in tapping this potential due to issues of high investments and low awareness.
The Jawaharlal Nehru National Solar Mission(JNNSM) was launched in 2010 to focus on three broad objectives: achieving installed grid-capacity of 20GW, attaining grid parity and promoting off-grid solar applications by 2022.
This has substantially increased investments, attracted superior technology and invigorated domestic R&D interest in the sector. But it has also scratched issues of land acquisition and undercutting due to huge discounts.
The success of JNNSM now solely depends on the Government’s approach towards transparency, easier financing, viable tariffs and finally a determined vision.
Bibliography: Bridge to India. (2011). India Solar Compass. New Delhi. Retrieved February 03, 2012 from The Solar Future Website: http://thesolarfuture.squarespace.com/storage/files- solarplazacom/BRIDGE%20TO%20INDIA%20 Brochure.pdf Census of India. (2001). Retrieved February 03, 2012, from CensusIndia: http://web.archive.org/web/20071226033122/http://www.censusindia.gov.in/Census_And_You/area_and_population.aspx Cygnus Business Consulting & Research, P Ernst & Young, .. (2010). Conquering the sun. Ernst & Young. Retrieved February 03, 2012 from Ernst & Young website: http://www.ey.com/Publication/vwLUAssets/Conquering_the_sun/$FILE/Conquering_the_sun.pdf Government of India. (2010, January 15). Jawaharlal Nehru National Solar Mission. Retrieved February 03, 2012, from Government of India website: http://india.gov.in/allimpfrms/alldocs/15657.pdf India Solar Energy Market KPMG. (2011). Issues and Insights. Retrieved February 03, 2012, from KPMG: https://www.kpmg.com/IN/en/IssuesAndInsights/ThoughtLeadership/The_Rising_Sun_full.pdf Ministry of New and Renewable Energy The Indian Economy. (2008). Retrieved February 03, 2012, from Bridge to India: http://bridgetoindia.com/article/the-indian-economy/43