daily newsletter 22nd dec 2010

8/6/2019 Daily Newsletter 22nd Dec 2010

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Daily News Letter on Renewable Energy,Environment & Sustainability

22nd December 2010 www.infrainsights.com Page 1

Top Headlines

PEs sharpen focus on green energy

MBCEL commissions India's largest grid-connected solar farm in Tamil

Nadu

CII organized 4th India Energy Conclave 2010 at Ahmedabad

GreenMan Subsidiary Secures $0.3M Dual Fuel Conversion Order With

Bhushan Steel Ltd.

Building Integrated Sustainable Infrastructure for Tomorrows India: CII

Surface Transport Summit

Global Feature: Commission votes to expand mid-sized renewable

energy development

Infra Insights Research Report: Renewable Energy Attractiveness inSelect States of India
http://www.infrainsights.com/http://www.infrainsights.com/http://www.infrainsights.com/


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PEs sharpen focus on green energyFirms double funding this year, as govt, multilateral agencies push sector.

Last month, the Muthoot Pappachan Group (MPG), a leading non-banking finance company, decided

to invest heavily in wind energy, to create 50 Mw generation capacity.

This is part of its plan to diversify into power, automation and hospitality sectors, after a century of

being in the banking business in Kerala.

TOP DEALS IN RENEWABLE ENERGY

Date Target Buyer Deal value

($mn)

Aug 18, '10 Moser Baer

Projects

Blackstone

Advisors India

290

Jul 11, '10 Bhilwara

Energy

International Fin.

Corp., FE Clean

Energy Group Inc.

50

Jan 28, '10 Greenko Group

PLC

TPG Capital Inc. 33.94

Sept 28, '09 Greenko Group

PLC

Global Environment

Fund

46.3

Sept 1, '09 Green Infra IDFC PE Fund 74.2

May 1, '08Konaseema

Gas Power

IDFC PE , Lehman

Brothers PE125

Jan 9, '08 Jaiprakash

Power

Ventures

State Bank of India,

ICICI Bank 101

Source: VCCedge data

NB: No response from MoserBaer to the queries sent a week back

A lot of PE investors are interested in renewable energy and we are exploring PE investments for

our wind energy initiatives, said Thomas John Muthoot, chairman and managing director.


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The renewable energy (RE) sector in India saw 135 per cent more PE and venture capital (VC)

investments in 2010. Data from VCCedge show five PE/VC investments worth $377 million (Rs

1,715 crore), including a mega one of $290 mn by Blackstone in Moser Baer, the solar power

company. As against this, 2009 saw six deals in the sector, worth $160 mn.

Experts attribute the interest of angel investors in RE wind, solar and hydel and biomass to

the governments recent initiatives. The latter plans to get 20 gigawatts (Gw, or 20,000 Mw) from

sunlight by 2020. It launched the National Solar Mission last year as part of a strategy to cut the

countrys carbon footprint.

Enticing figures

India could attract $169 billion (Rs 7.7 lakh crore) for clean power projects over the next decade,

according to a recent report of The Pew Charitable Trusts. Over the next decade, India is projected

to increase its RE capacity to 91 Gw, five times what is currently installed, adds the report.

Another recent study, conducted by the Centre For Development Finance of the Chennai-based

Institute for Financial Management and Research, in alliance with World Resources Institute, says

India has an aggregate market potential of $2.11 billion per year (Rs 9,600 crore) for clean energy.

That comprises $2.04 bn for decentralised RE services and $70.1 mn for energy products such as

solar lanterns and solar home systems.

The RE segment did not witness the same level of activity as the thermal power sector because of

concerns over an unfavourable regulatory environment and scalability. Now, the government is

slowly but surely ushering in changes that will make RE generation projects more attractive for

investors. We expect PE interest in RE generation to sustain over the next few years. said VenkatSubramanyam, founder-director, Veda Corporate Advisors, an investment banking firm which has

closed a couple of PE deals in renewable energy.

Incentives offered by India for wind energy are attractive, but solar (energy) is not attractive for us

at this point in time, due to lack of clarity on long-term return on investments, says Rajiv Mishra,

managing director of CLP India, the largest foreign private power company operating in India. CLP

is planning to add 300 Mw every year in the coming years to take its wind power capacity to about

2,000 Mw.

Funds move in

Seeing the potential, Indian PE players are also launching clean energy-focused funds. Recently, BTS

Investment Advisors, a Mumbai-based PE firm focused on small and medium enterprises, said it

was launching a $120 mn (Rs 545 crore) fund.

Early this week, the Asian Development Bank (ADB) increased its support for clean energy and

announced an injection of up to $40 mn in two new India-focused PE funds. The money is to go


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equally to the Clean Resources Asia Growth Fund and the Renewable Energy Asia Fund. ADB is

targeting $2 bn investments a year in clean energy by 2013 in Asia.

Last month, the Asia-focused PE firm, Olympus Capital Holdings, increased its stake in Chennai-based Orient Green Power Company Ltd, the first Indian RE company to be listed. Olympus has a

$250-mn regional environment fund. Earlier, the fund had invested $35 mn in Orient Green and $10

mn each in Bessemer Venture Partners and Shriram EPC.

Two months earlier, Auro Mira Energy Company Pvt Ltd, another Chennai-based RE company,

raised $21 mn from a clutch of PE investors, comprising Aureos South Asia Fund, IFC and ePlanet

Ventures. It has four new RE projects of 100 Mw capacity in hydro and biomass sectors. Given the

power deficit scenario and the government focus on RE, we as a fund are focused on RE investment

opportunities, said Balaji Srinivas, managing partner, Aureos India.

Last month, Greenko Group Plc, backed by PE firms, acquired Hemavathy Power for $33 mn. Earlythis year, TPG Growth, an arm of global private equity major TPG, invested $116 mn in Greenko,

which is targeting 1,000 Mw capacity in five years. Its other investors include Global Environment

Fund and Aloe Environment Fund.

IDFC Private Equity had acquired the wind energy assets of BP Energy India for $95 mn (Rs 463

crore) last year. It has invested about $200 mn since 2007 to acquire assets in companies such as

Moser Baer Photovoltaic, Green Infra, Emergent Ventures India and Suzlons arm, SE Forge Ltd.

Future bet

S G Shyam Sundar, managing director, IDFC PE, said, There would be huge potential for clean

energy in India in the backdrop of mounting prices of traditional fuel and the increasing energy

demand.

Adding: Abundant resources and the governments policy to support the clean energy sector to

meet the increasing demand for power makes the sector interesting for investors.

Since last year, the International Finance Corporation, an arm of the World Bank, has invested $25

mn in Bhilwara Energy, $10 mn in Auro Mira Energy and also in Azure Power India, a solar power

company.

Source: Business Standard

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MBCEL commissions India's largest grid-connected solar farm in Tamil

NaduMoser Baer Clean Energy Limited (MBCEL), a subsidiary of Moser Baer Projects Private Limited

(MBPPL) has commissioned the countrys largest and the first 5 MW solar farm at Sivaganga in

Tamil Nadu. The technical expertise for commissioning was provided by the EPC (Engineering

Procurement Commissioning) arm of Moser Baer Solar Limited. The International Finance

Corporation and the IDBI bank has provided debt for the project.

The solar farm has been commissioned using amorphous silicon Thin Film technology which is best

suited for the Indian climatic conditions and is connected to the 110 KVA local grid. The project had

been awarded by the Tamil Nadu Energy Development Agency (TEDA) and is being implemented

under the Generation Based Incentive scheme of the Ministry of New & Renewable Energy,

Government of India. The project awarded on the basis of a global bid is the first of its kind in the

solar farm category to be commissioned in India under the phase 1 of the National Solar Mission.

Speaking about this major achievement, Ratul Puri, Director, Moser Baer Projects Private Limited,

said:

The successful commissioning of the first of its kind of solar farm at Sivaganga vindicates our deep

rooted beliefs in our innate capabilities to commission large scale solar farms. As per official

estimates, India receives solar radiation of about 5000 Trillion Kwh/Yr. This equates to 4-7

kWh/sqm/yr which is more than Indias total energy consumption (848 billion Kwhr as projected

by CEA). It is evident that India has immense potential and we need to ramp up rapidly in the right

direction.

Citing a report of CIBC Oppenheimer (a leading investment bank in Canada) Ratul stressed that

around 85% of India's aggregate economic demand is domestically driven and to power this

requirement many more large solar farms have to be commissioned on fast track. The panels

installed at Sivaganga Project were procured from Moser Baer Solar Limited, which is today one of

the top players in the global solar market. These panels were used as they are best suited in

ramping up grid connected solar farms in high ambient temperature region like India.

According to Rajya Ghei, Country Head of MBCEL, This successful commissioning by MBCEL

reaffirms its position as the leading solar farm developer in the country. We have used our global

experience to meet the local requirements according to the global standards.

About MBCEL:

Moser Baer Clean Energy Limited (MBCEL) was established in 2008 with a strategy to undertake

development of renewable power projects worldwide. MBCEL is a project developer, owner and

operator of solar power projects globally. It is currently Indias largest solar power development

company with a presence in key international markets. MBCEL has ~ 50o MWp under development


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across multiple states in India and a project portfolio of over 200 MWp in Europe to be developed

by 2012. Website http://www.moserbaerprojects.com/solarpower-overview.asp

About Moser Baer Projects Private Limited:

Based out of New Delhi, MBPPL is engaged in the development of power assets using conventional

and non- conventional sources of energy. The company is currently developing over 4000 MW of

coal based thermal power capacity. It has a pipeline of 500 MW each in the solar and hydro

segments. Its most advanced thermal power plant is based in Madhya Pradesh and has already

achieved financial closure and acquired fuel linkage. It has multiple solar projects in advanced

stages of construction in India, while its first solar project outside India was completed in

December, 2009 in Nordendorf, Germany. Website http://www.moserbaerprojects.com

Source: Business Standard

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CII organized 4th India Energy Conclave 2010 at AhmedabadGujarat has achieved self sufficiency in power generation in last 10 years. The current installed

capacity in the state has approximately increased by three fold from 4,000 MW in 2001 to around

12,000 MW in 2010 and in next two years additional capacity of 12,000 MW will be created asmany private companies have set up their plants in the state. Power sector is facing various

challenges including scarcity of basic resources, shortage of skilled manpower, demand-supply gap

etc. Smart Grid and employing advance technology in various operations is the need of the hour.

said Mr. D J Pandian, IAS, Principal Secretary, Energy and Petrochemicals Department, Government

of Gujarat, while delivering the keynote address at 4th edition of India Energy Conclave 2010:

Innovative Ideas for the Indian Power Sector organized by CII today.

Mr. Sudhir M Trehan, Chairman CII India Energy Conclave 2010 and Managing Director Crompton

Greaves Ltd gave detailed idea to the attendees about the conclave and its objectives. He said in his

keynote address We are pleased to organize the Energy Conclave in Gujarat because it is the most

industrial state in the country. There are various issues and challenges in the sector and we needaggressive growth plan to change the scenario of the power sector. Many projects are coming up

and India will see balance in power supply and demand in next five years. We also need to

encourage private sector participation to bridge the demand-supply gap and to improve the quality

of power. The path seems to have been defined and moving towards the right direction.

The Conclave was supported by Government of Gujarat as part of Swarnim Gujarat and Vibrant

Gujarat 2011. The Conclave was also supported by Bureau of Energy Efficiency (BEE), Cogeneration
http://www.infrainsights.com/http://www.infrainsights.com/http://www.moserbaerprojects.com/solarpower-overview.asphttp://www.moserbaerprojects.com/solarpower-overview.asphttp://www.moserbaerprojects.com/http://www.moserbaerprojects.com/http://www.business-standard.com/india/news/mbcel-commissions-india%5Cs-largest-grid-connected-solar-farm-in-tamil-nadu/419045/http://www.infrainsights.com/http://www.business-standard.com/india/news/mbcel-commissions-india%5Cs-largest-grid-connected-solar-farm-in-tamil-nadu/419045/http://www.moserbaerprojects.com/http://www.moserbaerprojects.com/solarpower-overview.asp


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Association of India (COGEN INDIA), Control Panel & Switchgear Manufacturers' Association

(COSMA), Council of Power Utilities, India Energy Forum, Indian Electrical and Electronics

Manufacturers Association (IEEMA), Indian Transformers Manufacturer Association (ITMA), Indian

Wind Energy Association (InWEA) and Indo French Chamber of Commerce & Industry (IFCCI) alongwith IndiaCore as the Magazine Partner, enefinder.com & Tender Tiger as the Online Partners and

A. T. Kearney Ltd. as the Knowledge Partner.

India Energy Conclave 2010 covered a wide range of topics of interest to stakeholders in the

industry like, Power Value Chain Working in Tandem for Brightened Future; Next Generation

Growth Agenda and leading industry players also participated in an exclusive CEOs Interactive

Roundtable: Power Sector Growth Models and Imperatives for the Future. Thus the theme of the

conclave was Innovative Ideas for the Indian Power Sector.

The other eminent speakers at the Conclave include Mr. Naishadh Parikh ,Chairman & Managing

Director, Equinox Solutions Ltd, Mr. Vikas Kaushal , Partner & Vice President, A T Kearney Ltd., R SSharma, Managing Director, Jindal Power Ltd., Ravi Sharma, Chief Executive Officer, Adani Power

Ltd., Dr J M Phatak, Chairman & Managing Director , Rural Electrification Corporation Ltd. (REC),

Harshvardhan Bhatnagar , Vice President Off shore Project, India Business, Suzlon Energy Ltd.,

Abhishek Poddar, Principal, A T Kearney Ltd.

Source: Orissadaily

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GreenMan Subsidiary Secures $0.3M Dual Fuel Conversion Order WithBhushan Steel Ltd.

GreenMan Technologies, Inc. (OTCBB: GMTI) announced that its American Power Group Inc.(APG) subsidiary has received a follow-on order from Bhushan Steel Ltd., ("Bhushan Steel") NewDelhi, India, to convert two MAN B&W 12.3MW generators at their Khopoli industrial site to APG'sdual fuel technology. Bhushan Steel has been operating two 12.3MW generator sets which wereretrofitted with APG's dual fuel technology in 2006 and are considered to be one of the largest dualfuel engines operating in the world. The $0.3 million order is scheduled for completion during thefirst quarter of 2011. Bhushan Steel Ltd. is India's third largest secondary steel provider withestimated capacity of 2 million tons per annum. The company has three manufacturing facilities in

the states of Uttar Pradesh, Maharashtra, and Orissa.

APG's dual fuel system converts diesel engines and generators to function more efficiently and at alower operating cost (net fuel cost savings of 25% - 35%) by seamlessly displacing 40%-70% of thenormal diesel fuel consumption with CNG, LNG, or bio-methane. APG's system is non-invasive to theOEM engine and operates within all OEM performance controls with the flexibility to return to100% diesel operation at any time. APG's dual fuel conversion and emissions reduction systems canhelp users achieve their sustainability goals through lower carbon monoxide, nitrogen oxide, andparticulate matter emissions. In addition, the introduction of natural gas through APG's dual fuel
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system does not impact diesel engine performance and will also assist in extending the engine's oillife as natural gas is a cleaner burning fuel compared to diesel.

Lyle Jensen, GreenMan's President and Chief Executive Officer stated, "This opportunity is a primeexample of the diversity of applications for our patented dual fuel solution. In the case of BhushanSteel, we are installing our dual fuel technology on two generators (12.3MW each) which are usedto supply primary energy for the operation of Bhushan's steel rolling mills and are the size of twogreyhound buses stacked on each other. This is in stark contrast to several smaller applications(less than 100kw) identified in the oil patch and residential markets which are approximately1/25th the size of the Bhushan generators. Our ongoing efforts and investments to enhance thefunctionality and cost competitiveness of our dual fuel technology is why we can offer cost effectivesolutions in such diverse markets. India is quickly becoming a large market for both generator andvehicular CNG dual fuel opportunities and we look forward to building upon our relationship withBhushan Steel.

About GreenMan Technologies

GreenMan Technologies, through its subsidiaries, provides technological processes and uniquemarketing programs for alternative energy, renewable fuels and innovative recycled products. TheCompany's alternative energy subsidiaries, American Power Group, Inc. (APG) and APGInternational, Inc. (APGI) provide a cost-effective patented dual fuel technology for dieselengines. APG's dual fuel alternative energy system is a unique external fuel delivery enhancementsystem that converts existing diesel engines into more efficient and environmentally friendlyengines that have the flexibility to run on: 1) diesel fuel and compressed natural gas ("CNG"); 2)diesel fuel and bio-methane, or 3) 100% diesel fuel depending on the circumstances. Theproprietary technology seamlessly displaces up to 65% of the normal diesel fuel consumption withCNG or bio-methane and the energized fuel balance between the two fuels is maintained with a

patented control system ensuring the engines operate to Original Equipment Manufacturers'("OEM") specified temperatures and pressures with no loss of horsepower. Installation requires noengine modification unlike the more expensive high-pressure alternative fuel systems in themarket. Our Green Tech Products, Inc. subsidiary, develops and markets branded products andservices that provide schools and other political subdivisions viable solutions for safety,compliance, and accessibility including recycled surfacing. See additional information at:www.greenman.biz., www.americanpowergroupinc.com, and www.playgroundcompliance.com.

"Safe Harbor" Statement: Under the Private Securities Litigation Reform Act

With the exception of the historical information contained in this news release, the mattersdescribed herein contain "forward-looking" statements that involve risks and uncertainties thatmay individually or collectively impact the matters herein described, including but not limited tothe fact that we have sold the tire recycling operations which have historically generatedsubstantially all our revenue and that we will be prohibited from competing in that business on aregional basis until 2013; the risk that we may not be able to increase the revenue or improve theoperating results of our Green Tech Products or American Power Group divisions; the risk that wemay not be able to return to sustained profitability; the risk that we may not be able to secureadditional funding necessary to grow our business, on acceptable terms or at all; the risk that if wehave to sell securities in order to obtain financing, the rights of our current stockholders may be
http://www.infrainsights.com/http://www.infrainsights.com/http://www.greenman.biz/http://www.greenman.biz/http://www.americanpowergroupinc.com/http://www.americanpowergroupinc.com/http://www.playgroundcompliance.com/http://www.playgroundcompliance.com/http://www.infrainsights.com/http://www.playgroundcompliance.com/http://www.americanpowergroupinc.com/http://www.greenman.biz/


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adversely affected; the risk that we may not be able to increase the demand for our products andservices; the risk that we may not be able to adequately protect our intellectual property; and risksof possible adverse effects of economic, governmental, seasonal and/or other factors outside the

control of the Company, which are detailed from time to time in the Company's SEC reports,including the Annual Report on Form 10-K for the fiscal year ended September 30, 2009. TheCompany disclaims any intent or obligation to update these "forward-looking" statements.

.Source: Marketwire

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Building Integrated Sustainable Infrastructure for Tomorrows India: CII

Surface Transport Summit

India, China and Nepal have agreed on a landmark plan for the conservation andsustainable development of the landscape of sacred mountain Kailash, which spreadsacross the three countries.

Representatives from China, India, and Nepal have endorsed a draft Regional CooperationFramework for conservation and sustainable development of the Kailash landscape at aworkshop on the outskirts of the capital.

The Kailash-Mansarovar Landscape covers the area linked culturally and geographically tothe sacred mountain -- also known as Kang Rinpoche, and Kailasa Parvata which spreads

across three neighbours.

The workshop, which was held from December 16 to 18 in Nagarkot, a hill station 35-kmeast of Kathmandu, was jointly organised by the International Centre for IntegratedMountain Development (ICIMOD) and the Ministry of Forests and

Soil Conservation, Nepal.

Andreas Schild, Director General of ICIMOD, said the Kailash initiative is a uniqueexperience, and the learning will be replicated in the future in other transboundarylandscapes of the Hindu Kush-Himalayas.

The framework is expected to facilitate transboundary biodiversity, environmental, andcultural conservation through scientific and technical cooperation, according to a pressrelease issued by ICIMOD Headquarters in Kathmandu.

The focus of the framework is on enhancing biodiversity and cultural conservation,ecosystem management, sustainable development and climate change adaptation.
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It will facilitate information exchange among the member countries and help in thedevelopment and management of a knowledge base.

It is based on principles of participatory management, equitability, sustainability,partnerships, ecosystem management and trans-boundary cooperation.

Some 35 representatives from 13 institutions, including senior government officials,participated in the workshop.

The Institute of Geographical Sciences and Natural Resources Research, Chinese Academy

of Sciences, China; GB Pant Institute of Himalayan Environment and Development, India;

and the Central Department of Botany, Tribhuvan University, Nepal, participated in the

meet.Indias robust growth has not only put a tremendous load in the existing infrastructure, but

put the spotlight on the critical need for building more. The Surface Transport 2010, CIIsTransport Infrastructure Summit, the first of its kind in the country, has been organized in the

financial capital of the nation, Mumbai, to address these issues.

Mr. Shyamalkumar Mukherjee, Joint Managing Director, MSRDC, put the focus oninfrastructure when he said, "Considering the developing nature of the country, India needsto invest $300 billion in urban infrastructure." He added: "There is a huge stress on currentinfrastructure which can be mitigated by massive investments."

Mr. J P Nayak, Chairman Surface Transport 2010 and Whole-time Director & President(Machinery & Industrial Products) Larsen & Toubro Ltd., said, "Indian infrastructure is

insufficient, ill-equipped and ill-designed to sustain the rapid rate of growth. Yet, this is alsoan opportunity where the magnitude is such that two third of the required infrastructurehas to be newly created."

Mr. Nayak said such is the cost of logistics in India its cost is more than even developednations like the US where it is 70% less for costal freight and 30% less for road transport,as compared to India. "This is because of inefficiencies and unproductive methods used inthe country. This waste is assessed at 45 billion dollars or 4.3% of our GDP. If we do notimprove, by 2020 it will increase to 140 billion dollars or 5% of GDP. We can reduce this byhalf but this would need the right policies and investments."

The scenario can be improved, Mr. Nayak said, by, "formulating a national integratedlogistics policy, targeting a greater share of freight to rail, increasing energy efficiency,building dedicated freight corridors, coastal corridors, last mile roads, multimodal logisticspark, skill development etc. It is a complex task with the involvement of multiple stakeholders and a cross ministerial group would be required to drive it."

Gopal N Sarma, Partner, Bain & Company India Pvt. Ltd. (Summit Knowledge Partner)highlighted some stiff challenges. "We set a lot of targets but do not have the mechanisms


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to implement them or to monitor their implementation," he said, adding: "Of the trilliondollars that is being talked about as part of the 12th Five-Year-Plan (2012-17), not morethan 60 percent will be realizable even in an optimistic scenario."

Sarma added: "On a policy front, government is encouraging infrastructure and users arewilling to pay. "Also over the years not a single infrastructure project has been stopped forwant of financial closure. What is the problem then? It is that there is no single authority onany project buildup."

"Across both centre and state, there are multiple interface points. Having an integratedtransportation and logistics policy as a first step towards an integrated transportationdepartment at the central level is key. The immediate challenge to transport rollout ismultiple authorities."

Mr Nicolas Lepage, Acting Consul General and Senior Trade Commissioner, ConsulateGeneral of Canada, highlighted how Canada can help India. "India needs to spend 1 trillionon infrastructure. This it cannot do alone and foreign partners will be important to reachthis goal. And Canadian companies with their experience and expertise in infrastructurecan be partners of choice."

At a CEOs interactive roundtable titled, "Building Integrated Sustainable Infrastructure forTomorrows India," problems of infrastructure, investment and government interferenceinstead of assistance were discussed. The message from the session was clear - despitemuch progress, a lot was required to be done. Despite infrastructure projects mainlyresting with the government in the past, at present, many private sector firms have made

inroads but they need more opportunity through the government setting up clearguidelines.

This first of its kind exhibition on the Surface Transport infrastructure, is showcasing thelatest advancements in the development of infrastructure in transportation sector withparticipation from some of the major national and global companies in the sector. Theemphasis is on the latest products, equipments and technology with focus on efficiency,productivity, safety, environmental protection, cost effectiveness and construction quality.The exhibition mixes together a basket of professionals hailing from the variousinfrastructure sub segments under one common roof.

Source: Orissadaily

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Global Feature: Commission votes to expand mid-sized renewable

energy developmentSmaller scale solar energy development just got a significant leg-up in California.

The California Public Utilities Commission (CPUC) voted unanimously to approve a newprogram designed to drive small to mid-sized renewable energy development.

This program is a great step forward in facilitating the expansion ofdistributed solarpower generation, said Marc Van Gerven, CEO of Q-Cells North America, a global leader indeveloping solar power systems, in a statement. We are committed to partnering withutilities and the CPUC in continuing to grow solar adoption and California's leadership inthe renewable energy market.

The Renewable Auction Mechanism, or RAM, is a next generation feed-in tariff programthat will require investor-owned California utilities to purchase electricity from solar andother renewable sources with an output of 20 megawatts or less. Proponents of the planand of solar energy in general are applauding the CPUC for this innovative tariff approachto building a strong renewable energy economy in the state of California, while at least oneindustry researcher is cautioning against moving too quickly.

The vote establishes a 1-gigawatt (GW) pilot program from mid-sized renewable energysystems and requires the states three largest investor owned utility companies to allowrenewable developers to bid in biannual competitive auctions. The utility companies aredirected to award contracts starting with lowest viable cost and moving up in price until

the power threshold is reached.

While solar energy is certainly part of the answer, a rapid expansion of an immaturetechnology based on an artificial market could lead to problems in the future, said MerrillJames Ferguson, a grad student and researcher in University of Colorados Global EnergyManagement program.

If you look at Californias new feed-in-tariff system, the parallels to Spains experience arestriking. Progressive policies, generous incentives, and rapid expansion almost collapsedthe Spanish market because of the incentive to develop capacity rapidly, he said.California seems to have taken thoughtful measures in capping capacity and creating a

market-driven price, but the expedited nature of development under the program and riskof under bidding remain a concern.

But, for now, many experts are looking upon the commissions decision as a boost for theindustry.

In combination with Californias 80,000 behind-the-meter solar systems and theRenewable Portfolio Standard that is driving large-scale projects, this program pioneers a
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new approach to wholesale distributed generation, said Adam Browning, executivedirector of Vote Solar, a non-profit organization working to make solar a mainstreamAmerican energy resource, in a statement. At scale, solar is more cost effective than the

fossil fuel alternatives.

Source: Cleanenergyauthority

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For all previous newsletter & news archive visit us atwww.infrainsights.com

Infra Insights Research Report: Renewable Energy Attractiveness in Select

States of India

Renewable energy is the next big opportunity in the economy thats set to grow at a rate of over

8%-10%. Why we say that? Going by projection made by Mckinsey & Company, India would require

about 317 GW of generation capacities to suffice demand for power by 2017. And assuming an

average level of RPO of 10% would be mandatory by then, India would require a total renewable

energy capacity of 32 GW by 2017. Yes, 32 GW by 2017 would be required as against the existing

capacity of approximately 18 GW in 2010, so the country would have to add 14 GW in another

seven years at a rate of 2GW every year.

Alright, so there exists an opportunity but how to exploit the same is the obvious question and

there is no single straight forward answer to this question. In order to take strategically sound

decision on the investment front in the Indian Renewable Energy Market, it is very important to

filter the best opportunity pocket out of the entire pool. Means which part of the country should one

shortlist while planning to make a sizeable investment in the renewable energy opportunity

provided by India.

Infra Insights through its Report Renewable Energy Market Attractiveness in Select States of India

would subject each and every state of the country through a framework that would filter out the top

states where every penny is worth the investments. The framework will analyze the states with

renewable energy potential over following parameters:

Renewable Energy Technical Potential of all the technologies (Wind, Solar, SHP, Biomass &

Others)

Installed capacity and rate of growth of installed capacity across technology types

Attractiveness of regulations and Policies governing the renewable energy landscape in the

respective states
http://www.infrainsights.com/http://www.infrainsights.com/http://www.cleanenergyauthority.com/solar-energy-news/california-feed-in-tariff-vote-122110/http://www.cleanenergyauthority.com/solar-energy-news/california-feed-in-tariff-vote-122110/http://www.cleanenergyauthority.com/solar-energy-news/california-feed-in-tariff-vote-122110/http://www.infrainsights.com/http://www.infrainsights.com/http://www.infrainsights.com/http://www.infrainsights.com/http://www.cleanenergyauthority.com/solar-energy-news/california-feed-in-tariff-vote-122110/


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Consistency in regulation & policies

Vision of the regulatory bodies and other agencies governing the renewable energy market

in the respective states

Consumer awareness

Electricity Evacuation Infrastructure

Implementation & penetration of open access in the states

Fiscal health of key buyers of renewable energy (distribution companies, power traders and

other consumer group)

Trends in efficacy of executing project in a state

Government stability

The framework would lead to top 5 states that are best suited for investment when it comes to

direct participation in the business opportunity provided by renewable energy market in India. The

report can be ordered by sending an email to [email protected]

Access the report flyer on our website by clicking the link below -Infra Insights

Research Reports

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daily newsletter 22nd dec 2010

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