India bets BIG on Solar
Current Status
Future Potential
Market expanded over 8 times in last 5 years
2011
2012
2013
2014
2015
161
461
1205
2319
2632
3744
100
100 GW
60
6763
2016
250 GW
Targets 30% of power
requirement from Solar
Installed Capacity (MW)
2010
Updated Target
2022
12289
2017
2030
Solar
Wind
21651
2018
2019 – 28.18 GW
Sensitivity: LNT Construction Internal Use
To auction 25 GW every year for next 10
years
Focus areas till 2021
ISTS
Tenders
• 10 GW Potential till 2021
• 2.5 GW Greenfield Tender out
• 2 GW Brownfield Tender out
Hybrid
• 10 GW tendered out
• 30 GW expected by 2021
Solar
Parks
SolarWind
• 20 GW under construction by
MNRE
• 5 GW Dholera – World’s
largest
Solar
•
•
•
•
2 GW Potential till 2020
150 MW in UP
100 MW in MH
50 MW in Kerala
Floating
PV
• 10 GW Potential till 2021
• 3 GW tender out
Sensitivity: LNT Construction Internal Use
C&I
Solar
Module
Mfg.
• 10 GW Potential till 2022
SOLAR TENDER HIGHLIGHTS
India plans to Bid
30 GW in Solar every year for the next 10 years till 2028
18.4 GW
Over
10050
8.5 GW
TENDERED CAPACITY (MW)
500
Sensitivity: LNT Construction Internal Use
Scale PV going to be tendered
3750
2700
Apr, 2018
Cumulative capacity
In Utility scale PV
tenderedofsince
Visibility
projects in Utility
Apr,18
May, 2018
Jun, 2018
Jul, 2018
1350
50
Aug, 2018
Sep TD, 2018
Wind – Solar Hybrid
2.65
GW
Capacity Tendered so far this
FY
2018
MNRE releases
‘Wind-Solar
Hybrid Policy’
Sensitivity: LNT Construction Internal Use
Better Grid Stability
PROMISING TECHNOLOGY
10 GW
Wind-Solar Hybrid Capacity
anticipated by MNRE by 2022
Reduction in Capital Cost due to
common Infrastructure
Availability of Renewable power at
Competitive prices
Optimal and Efficient Utilisation of
Transmission Infrastructure and land
Commercial & Industrial Segment
10 GW
Potential estimated till 2022
Affordable – Economical than
captive thermal plants/ Grid Power
Renewable Purchase
Obligation Strict reinforcement by
Potential States
• Haryana
• Uttar Pradesh
• Tamil Nadu
• Andhra Pradesh
• Maharashtra
Sensitivity: LNT Construction Internal Use
• Subsidize ‘Open
Access’ Charges
upto 100%
• High Industrial and
Commercial tariffs
• Penalise the
defaulters
Govt.
Usage of waste land
Unused dump yards, Zero site, Ash fill
lands
Tax benefits
40% AD in First year
Solar on Canal Banks and along Highways
Solar Lighting our Highways
50 MW
16
MW
Canal Bank grid-connected Solar
PV Projects under Phase 1 by SECI
• Andhra Pradesh – 5 MW
• West Bengal – 10 MW
• Kerala – 1 MW
• Uttarakhand – 19 MW
Sensitivity: LNT Construction Internal Use
just 5% of the Highways
Commissioned across 3 states
Potential States & Capacity
• Gujarat – 15 MW
Potential – 250 MW to light up
Existing Network - 1.8 lakh
km of SH, 1.1 lakh km of NH &
1.5k km of Expressways
Phase 2
Tenders
envisaged to be
out soon
India has the Second-largest
road network in the world after
the US
OPPURTUNITIES & CHALLANGES
Customer/ Investments
Strong growth of Off-shore
customers
Reduction in Module Cost
Rise in Captive/ 3rd Party
projects
Scheduling and forecasting
Regulatory/ Policies
20% solar park power
purchase obligation on state
Solar tariff @ Rs. 2.6/KWh
Sensitivity: LNT Construction Internal Use
Other Factors
10 GW of target for Wind-Solar
Hybrid - growth area
Grid Stability Issues
Land Availability Constraints
Rooftop – Market Potential
₹ crores
More than half of the market
is concentrated in 4 states
Annual Rooftop PV Installations in India
in GW
3
Bloomberg Estimates India to reach
9.5 GW of rooftop PV capacity by
FY 2022
2,5
2,6
1,94
Market growth driven by C&I self
consumption
2
1,58
1,5
1,2
0,95
1
0,72
Maharashtra, Uttar
Pradesh, Tamil Nadu,
Gujarat
124 GW
40 GW
Market
potential
As per
MNRE’s
report and
presentation
JNNSM target
Set by MNRE
for roof-top
installed
capacity by
2022
0,5
0,03
0,08
0,16
0,23
0
2013
2014
2015
2016
2017
Historic
Sensitivity: LNT Construction Internal Use
2018
Forecast
2019
2020
2021
2022
Net metering can boost
residential uptake. Sector
Expected to pick up from
2021
Thank You
Sensitivity: LNT Construction Internal Use