Page 20 - Money in Energy
P. 20
Money in energy -Investment Opportunities and risks 2010
•The demand-supply gap in power is currently at 8% and is one of the key drivers
of renewable energy in the country.
•The utilization of renewable energy sources is still relatively low in India, thus
presenting excellent business potential.
•The Indian Government expects the renewable energy sector to grow to $19
billion from 2008 to 2012, with renewables making up 20% of the 70,000 MW of
total additional energy planned from 2008-2012.
•India has been attracting over $2.5 billion every year in capacity addition
•The Indian Government has received proposals worth $30 billion for solar PV
power plants alone (as of Dec 2009)
•India is emerging as one of the largest potential sources of Certified Emission
Reduction (CER).
National Solar Mission :The Launch of National Solar Mission has given a big
impetus to solar energy in India. The highlights of this mission are:
•The Solar Mission will be implemented in 3 stages, leading to an installed
capacity of 20,000 MW by the end of the 13th Five Year Plan in 2022
•One of the targets is to install 20 million square meter solar thermal collectors
in the country by 2022 and save about 7,500 MW power generation capacity.
•20 million solar lights are to be installed by 2022
4.3 Government of India – Incentives for renewal Energy
In March 2007 the Indian Government announced a semiconductor policy under
its Special Incentive Package Scheme (SIPS). According to this policy, the
government or its agencies will provide 20 percent of the capital expenditure
during the first 10 years for semiconductor industries, including manufacturing
activities related to solar PV technology located in Special Economic Zones (SEZ),
and 25 percent for industries not located in an SEZ. Some of the other key
20 Etree Projects Consultants Pvt Ltd.
•The demand-supply gap in power is currently at 8% and is one of the key drivers
of renewable energy in the country.
•The utilization of renewable energy sources is still relatively low in India, thus
presenting excellent business potential.
•The Indian Government expects the renewable energy sector to grow to $19
billion from 2008 to 2012, with renewables making up 20% of the 70,000 MW of
total additional energy planned from 2008-2012.
•India has been attracting over $2.5 billion every year in capacity addition
•The Indian Government has received proposals worth $30 billion for solar PV
power plants alone (as of Dec 2009)
•India is emerging as one of the largest potential sources of Certified Emission
Reduction (CER).
National Solar Mission :The Launch of National Solar Mission has given a big
impetus to solar energy in India. The highlights of this mission are:
•The Solar Mission will be implemented in 3 stages, leading to an installed
capacity of 20,000 MW by the end of the 13th Five Year Plan in 2022
•One of the targets is to install 20 million square meter solar thermal collectors
in the country by 2022 and save about 7,500 MW power generation capacity.
•20 million solar lights are to be installed by 2022
4.3 Government of India – Incentives for renewal Energy
In March 2007 the Indian Government announced a semiconductor policy under
its Special Incentive Package Scheme (SIPS). According to this policy, the
government or its agencies will provide 20 percent of the capital expenditure
during the first 10 years for semiconductor industries, including manufacturing
activities related to solar PV technology located in Special Economic Zones (SEZ),
and 25 percent for industries not located in an SEZ. Some of the other key
20 Etree Projects Consultants Pvt Ltd.
