Renewable Energies

Activities: 

The following three priority issues have been identified by the strategic review process: 
1.    Solar Energy 
2.    Wind Energy
3.    Renewable Energy Finance

The road map for the mentioned three relevant energy issues of priority is as follows:

1.    Solar Energy 
Short Information: The Government of India has set an ambitious target of 175 GW of Renewable Energy capacities by 2022. The 175 GW is divided into 100 GW of solar, 60 GW of wind, 10 GW bio power and 5 GW of small hydro. India has already made good experiences with the use of PV installations and seen real success in this area. In summer 2015, the Indian Cabinet decided to drastically increase the share of solar energy in electricity generation. While, originally, India’s National Solar Mission set out that 20 GW of solar capacity be generated, this volume is now to rise to 100 GW by 2022. India aims to achieve this goal by building large solar parks right across the country, but also by setting up isolated solar grids and in particular by funding solar rooftop installations (40 GW). Investment of an estimated EUR 100 billion will be required. This is one of the reasons why the Indian government is showing ever greater interest in Germany’s ambitious energy transition, which has helped Germany create new industries and services in the area of renewables, energy efficiency and technologies that help mitigate climate change.
Proposed planned activities ahead: 
Solar Roof Top Systems: Create case examples by existing systems; dissemination
-    Discuss case examples including new technologies within workshops organized under IGEF label
-    Promotion of support programme for distribution companies and urban local bodies
-    Capacity building in cost efficiency assessment of battery storage
-    Organization of events at conferences to involve the private sector (RE-Invest, REI Expo, Intersolar India)

Implementation Partners: KfW/GIZ/MNRE/FICCI

2.    Wind
Short Information: India is making a major policy shift in two lines, which are off-shore wind by introducing a draft policy and second one is of moving away from FIT standards towards reverse auction. Both policies will be shared with German side. India is willing to receive inputs from both institutional and private sector. Moreover the Indian Prime Minister is focusing on the repowering of existing wind mills because land is very scarce in India and if the area is having potential for both wind and solar, then Indian side is considering hybrid plants which will also ensure most optimal use of transmission and evacuation infrastructure.
Proposed planned activities ahead: 
-    Discuss the relevance and impact of the new repowering policy and hybrid development for industry and the financial sector within a joint workshop
-    Organize workshop on O&M markets in Germany and India to identify business models for ISP (Independent Service Provider)

Implementation Partners: KfW/GIZ/MNRE/FICCI

3.    Renewable Energy Finance
Short Information: The Government of India has set an ambitious target of 175 GW of Renewable Energy capacities by 2022. The 175 GW is divided into 100 GW of solar, 60 GW of wind, 10 GW bio power and 5 GW of small hydro. For every upcoming projects bankability is a must.
Proposed planned activities ahead:
Creation of Task Force tackling the topic of financing. 
-    Collection and analysis of activities that have been carried out in the field of renewable energy finance in general (e.g. ISA, IKI, WB)
-    Supporting the development of mechanism of partial guarantee or payment security mechanism for rooftop and off-grid renewable projects
-    Discuss the development of joint mechanism in currency hedging
-    Highlight promising financing mechanism and business models for Off-grid and solar Rooftop
-    Workshops and events in the framework of RE-Invest etc.
Implementation Partners: KfW/GIZ/MNRE/FICCI