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2019: A crucial year for India’s renewable energy targets

Kushal SENGUPTA - 26-mars-2019 11:35:53
  India accounts for approximately 4 percent of the total global electricity generation and contributes 4.43 percent to the global renewable generation capacity. According to a Climatescope 2018 report by research organisation Bloomberg NEF (BNEF), India has become the largest market globally for auction of new renewable energy generation projects and the second-largest destination for clean energy investments. Globally, India stands at No. 5 in terms of total renewable energy installed capacity, behind only China, U.K., Germany and U.S. India’s goal is to achieve   175 GW of renewable capacity by 2022 which includes 100 GW of Solar power, 60 GW from wind power, 10 GW from biomass power and 5 GW from small hydro power.   As of January 2019, the total renewable power installed capacity (excluding large hydro) in the country stood at 74.08GW with wind comprising of 47% and solar comprising of 34 % of the total renewable energy mix in the country. The western and southern states account for around 90% of the installed solar capacity.   Wind and solar energy will play a key role in India’s ambitious target of meeting 175 GW by 2022. India ranks fourth in the world in terms of total installed wind power capacity. In 2018 (up to September), India added the second highest solar capacity in the world, after China. Solar installation in India is expected to increase 360 percent by 2020.   In 2018 the Governement of India took some major initiatives in the renewable energy sector :   100% electrification of all inhabited villages in India Prime Minister, Narendra Modi inaugurated the first general assembly of International Solar Alliance (ISA) India added approximately 9.5GW of renewable energy capacity—7GW of solar capacity and 2.5 GW of wind capacity The ministry of new and renewable energy released regular tenders, and 15GW of wind and solar capacity was allocated. India added a record 1.5GW of capacity rooftop solar market The ministry also promoted new avenues for renewable energy growth—floating solar, hybrid, large-scale solar manufacturing and off-shore—some of which got tremendous response from the industry.   The year 2019 will be crucial in deciding whether India can meet its renewable energy targets by 2022. The sector needs major technological and public policy interventions to successfully meet its target of 175GW by 2022 and the long-term target of achieving 40% of India’s electricity capacity from renewable sources by 2030. Non-conventional energy received FDI inflow of US$ 7.48 billion between April 2000 and December 2018. In order to reach the 2022 targets, India needs approximately $75 billion in investments over the next four years—both debt and equity capital.   Author : Kushal SENGUPTA Trade Advisor -Industry & Cleantech Department Business France Mumbai Source : Fortune India, Renew Power, Ministry of Renewable Energy India, IBEF

Sustainable urban development and smart cities: France strongly increases its financial support after PM Modi’s visit to Paris

Thomas ILHE - 28-mai-2015 13:02:36
During Prime Minister Modi’s visit to France (9-13 April 2015), President Hollande decided to increase France’s line of credit from €1bn ($1.09bn for 3 years) to €2bn ($2.18bn) to support projects related to sustainable urban development and smart cities in India. France’s public financial institution “Agence française de développement” (AFD) will now be able to engage in a variety of projects across India. AFD’s total commitment in India already represents €1bn ($1.09bn), half of which is dedicated to two high-profile metro projects: the construction of the metro in Kochi and Bangalore. On the occasion of the annual consultations between the Department of Economic Affairs, Government of India and Agence française de développement (27-28 May 2015), the French Embassy organized a public event in the presence of H.E. Mr François Richier, Ambassador of France to India, on Wednesday, 27th May 2015. Agence française de développement (AFD) in India / French Embassy in India: “Agence française de développement” (AFD) is France’s bilateral financial institution. Operating on four continents via a network of 72 offices, AFD finances and supports projects related to economic growth and sustainable development. In 2014, AFD earmarked €8.1 billion to finance projects abroad and in overseas France. An intergovernmental agreement on Indo-French cooperation signed on 29 September, 2008 materializes AFD’s mandate in India, which consists of a financial and technical assistance to the Government, the regional States, the city councils and public enterprises (PSUs), in three main sectors: clean energy, sustainable urban development and protection of biodiversity. Photo credit : Kochi Metro Rail Limited  

French group Fonroche awarded as the best solar developer

Banani GHOSH - 30-oct.-2013 13:19:56
The Group Fonroche specialized in the renewable energy power generation solutions based in Agen, was awarded as the best solar developer by the Indian Prime Minister Mr. Manmohan Singh in 2012. PR Fonroche, a joint-venture between PR Clean Energy (India) and Fonroche Energie S.a.s (France), had commissioned two solar photo voltaic based power plants (5 MWp and 17 MWp) at Gajner Village in Bikaner, Rajasthan in December 2012.These projects were awarded under the Jawaharlal Nehru National Solar Mission’s Phase I batch II. Fonroche has invested a sum of 46 million dollars for the construction of the 2 solar power plants of nearly 23 MWp. The commissioning of the solar power plant in Rajasthan has reduced the emission of 7,200 tons of CO2 annually. Source: Website of the French company Fonroche energy
About
Sophie Clavelier, Country Head   Welcome to the French Trade Commission Business France in India!     Our key mission is to promote trade relations between France and India. We assist French- based companies seeking potential partners and new markets in India, while helping Indian businesses to identify potential French suppliers, commercial and technical partners.   In India, our 4 offices are located in business hubs, New Delhi, Mumbai, Bengaluru and Chennai. We have a dedicated multicultural team of 38 experts in the following growing sectors: Agrofood Industry Industry and Cleantech Lifestyle and Healthcare Tech & Services Our Trade Commission also has a Press office in charge of helping French companies to communicate in India as well as a Market Access Department enabling them to better understand and adjust to the Indian regulatory and fiscal framework. In

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