Residential Solar – Business Opportunities in India

…to reach >700 GW by 2047

RE-Expo September 18, 2019

GIZ IGEN Solar – Lighthouse Projects

400 KW at Chinnaswamy Stadium DMRC: PV at curved roofs, parking spaces, flat roofs

5 MW rooftop PV in Madhya Pradesh Solar air heating in Ladakh

IndiaOne: 1 MW Solar thermal power plant

Grid Integration Study / DISCOMS

DISCOM’s in India will become the driver for RTS…

27.09.2019

• MNRE has assigned a 10 GW target for

residential segment by 2022, only 5%

capacity is achieved as 03/19.

• Total SRISTI scheme budget is 11,000

Crore

• End-User Subsidy

• Upto 40% subsidy for upto 3 kW

• 20% for 3-10 kW systems

• 20% for upto 500 kW systems

• Demand Aggregation eligible in any state

& city of India

40 GW

20 GW

Commercial & Industrial

10 GW

Residential

5 GW

PV Ports / Standard

5 GW

Net Metering / Custom-

made

10 GW

Institutional / Government

27/09/2019

IESS 2047 – General Assumptions

Population increase 2047/2017 = + 32 % = > 400 Mio.

Year Units 2012 2017 2022 2027 2032 2037 2042 2047

GDP INR Trillion 83,92 117 172 258 386 572 782 1028

Share of

Manufacturing% 16% 19% 21% 24% 26% 29% 31% 34%

0%

10%

20%

30%

40%

50%

60%

0

2000

4000

6000

8000

10000

12000

14000

16000

18000

2012 2017 2022 2027 2032 2037 2042 2047

Mill

ion

Year

Population Growth

Urban Population Rural Population Total Population Urbanization

0

1000

2000

3000

4000

5000

2012 2017 2022 2027 2032 2037 2042 2047

Households

Households

27/09/2019

Electricity demand in India 2016 to 2027…

…will nearly double with a 12% increase in population and a 20% increase in GDP and a 60% increase in

kWh/capita consumption

Source: CEA – National Electricity Plan, Jan 2018

27/09/2019

RE-Targets India 2022/2027

…are quite ambitious

Source: CEA – National Electricity Plan, Jan 2018

RES installed Capacity

as per 31.12.2018

35,288

24,582

1,444

4,528

65,842

27/09/2019

Expected Generation from RE

…fairly optimistic assumptions

Source: CEA – National Electricity Plan, Jan 2018

Solar: 162 BU/100 GW = 1620 KWh/KW

Wind: 112 BU/ 60 GW = 1867 KWh/KW

Bio + SHP: 52 / 15 = 3467 KWh/KW

27/09/2019

IESS 2047 – electricity demand

All sectors are growing esp. industry + domestic

Source: eigene Berechnungen auf Basis des IESS Tools

4484 Mill.

27/09/2019

IESS 2047 – generation capacity

Coal increases in spite of “explosion” of RE but Solar increases tremendously

Source: eigene Berechnungen auf Basis des IESS Tools

700 GW

27/09/2019

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Responsible

Abhinav Jain

IGEN Solar Team