Cement Energy and Environment

drudgery among rural women and girls engaged in the collection of fuelwood from long distances and cooking in smoky kitchens, minimization of the risks of contracting lung and eye ailments, employment generation at village level, and ultimately the improvement in the standard of living and creation of opportunity for economic activities at village level. RE has been witnessing over 20 per cent growth from the last five years. From the total renewable power installed capacity of 14,400 MW at the beginning of 2009, it has reached a capacity of 33,792 MW as on December 31, 2014. Wind energy continues to dominate India's RE industry, accounting for over 67 per cent of installed capacity (22,465 MW), followed by biomass power (4 ,165 MW), small hydro power (3,063) and urban & industrial waste 108 MW. In terms of electricity generation, the renewable power installed capacity is generation electricity of about 6.5 per cent in the total electricity mix. Besides, 1,124 MW eq. off– grid/captive power capacities mainly from biomass (non-bagasse cogeneration), biomass gasifiers, and SPV systems have also been deployed in the country. Immediate Goals India plans an ambitious RE programme, having the target of 15 per cent RE generation by 2020. This trend is only expected to gain momentum. The Government of India is aiming to add 1OOGW solar power and 60 GW wind power capacity in the next five years. The 100 GW solar power also included 40 GW from grid-connected rooftop. In addition, during the Twelfth Plan , the Ministry of New and Renewable Energy (MNRE) is targeting 2,100 MW from small hydro power, and 1400 MW from bagasse cogeneration. India aims at about 9 per cent in the electricity generation mix by the end of the Twelfth Plan. Estimated Financial Potential The 1OOGW solar power in the next five years gives an investment opportunity of bout $1 00 billion , 60 GW wind power gives an investment opportunity of about $60 billion , besides, the $40 billion investment opportunity exists from other sources which include decentralized applications. There is also ample opportunity towards manufacturing sector. The 1OOGW solar and 60 GW wind has a great potential for the manufacturing of solar PV cells, solar thermals dishes, solar inverters, ground mounting units, trackers, wind machines, supporting structures, and many related parts. The Information Technology (IT)-based solutions for monitoring are also required which will attract investment from the IT sector. Fiscal and Financial Incentives The Government of India provides mix of fiscal and financial incentives through capital subsidy, interest subvention, concessional excise and custom duties, accelerated depreciation, etc. These fiscal and financial incentives make the RE a viable option in the country. Few States also provides subsidies on the RE systems and projects. Resource Availability Solar radiation The country is endowed with excellent solar radiation over a majority of its land area. The states located on the Western , Central , and South– Western parts of the country hold enormous potential for solar power, where many areas show 5-6kWh/m2/day of DNI. A clear sunny weather is experienced for 250 to 300 days in a year in most parts of the country, and the annual global radiation varies from 1,600 to 2,200 kWh/m2. Wind The wind resource assessment, being carried out in 28 states and three Union Territories (UT) which involve the 789 wind monitoring stations, as found to have wind power density 200W 1m2 at 50m height and 100 GW at 80m height. Investment options Although , the subsidy accounts for about 20- 30 per cent, the India's RE sector is primarily driven by private sector investment. In the grid renewable power from solar and wind , there is no direct subsidy and the entire installations are from the private sectors. Following are the opportunities available for investors. Foreign investors • To enter into joint venture with Indian partners for financial and technical collaborations and also for setting up of renewable power projects ; • Liberalized foreign investment approval regime to facilitate foreign investment and transfer of technology through joint venture; • 100 per cent foreign investment as equity quality for automatic approval; 30