27th July 2011
I am delighted to write to you again, and hope you are doing well.
The last few months have been hectic for me and my consulting colleagues at EAI. With the Indian renewable energy sector growing at a hectic pace, we found ourselves sweating it out on a wide number of exciting assignments – so you could say the sweat was definitely worth it.
I thought I’d like to update you on some of the work EAI had been doing in the past few months. These projects were in emerging sectors such as waste to energy, solar PV, biomass gasification and replacing diesel with renewable energy sources.
The areas we worked on included the following:
- Waste to Value for Bill Gates Foundation
- Turn-key Assistance for a Biomass Gasification Power Producer
- Renewable Energy Investment Challenges for the World Bank
- Solar PV Diversification Strategy for an Indian Multinational
- Biomass Waste to Value Research for a Global Frontrunner in Beverages
- Indian Market Entry Strategy for a German Solar PV Firm
- Assistance in Replacing Diesel with Renewables
- Exploring Potential of Distributed Green Power for Rural Communities
- India Entry Strategy for Italian Companies
I am sharing brief details on each of the above.
- Waste to Value for Bill Gates Foundation - We worked with the Bill & Melinda Gates Foundation (USA), who were looking at funding research outfits/NGOs in India involved in the waste to energy sector. We met over 10 Indian companies undertaking efforts that produce significant benefits to the environment and had a hands-on acquaintance with the sector.
- Turn-key Assistance for a Biomass Gasification Power Producer – This assignment involved our team working extensively with a small enterprise setting up a 1 MW biomass gasification based power plant in Karnataka.
- Renewable Energy Investment Challenges for the World Bank – We are currently assisting the World Bank in preparing a focused report on challenges to renewable energy investments. Our efforts for this assignment have provided us with a broader and more global perspectives on renewable energy sources.
- Solar PV Diversification Strategy for an Indian Multinational – Just completed an assignment for a large Indian multinational on its proposed diversification into the solar PV industry. This involved in-depth strategic research on all aspects of the solar PV value chain, right from polysilicon up to solar PV power production. We also did in-depth evaluation of the different technologies viz., crystalline and TFPV, and within TFPV, all the emerging tech – a-Si, CdTe and CIGS. This assignment provided us with a scenario to analyse the strategic forces and levers affecting the global solar PV industry.
- Biomass Waste to Value Research for a Global Frontrunner in Beverages - Completed an assignment for one of the leading global beverage manufacturers on identifying best of breed and pioneering technologies in India for food waste to energy/value.This exercise was also an eye opener for it showed us that there is indeed some good research that’s being carried out in India on biomass power and biofuels.
- Indian Market Entry Strategy for a German Solar PV Firm - Assisted a small but innovative German company providing solar PV power plant monitoring solutions enter the Indian market. This is an ongoing assignment, and I’m glad to report that we have been able to assist our client accelerate its entry into the Indian solar PV market.
- Assistance in Replacing Diesel with Renewables - Assisted a large Indian corporate in evolving a blueprint for replacing a portion of their diesel consumption at factory locations with renewable sources (solar PV, biomass and waste-based energy). This is an exciting area where we see significant potential for thousands of Indian manufacturing companies to reduce their carbon footprint.
- Exploring Potential of Distributed Green Power for Rural Communities– Worked with a medium sized auto component company in exploring new prospects in small-scale renewable power in India. Small-scale, decentralized green power is an emerging sector in India - where there are tens of thousands of villages with no grid connectivity. This assignment provided us with deeper insights on the potential and challenges in this area that promises to provide the escape velocity to millions of Indian rural dwellers.
- India Entry Strategy for Italian Companies – This has been a very recent development. We have signed up a partnership with an Italian research firm in Milan to represent us in Italy and have already started working with a couple of Italian solar PV companies for their entry into the Indian renewable energy industry. We will soon be starting work with a few other countries as well.
No two assignments are the same, even if they are done in similar domains with similar goals. When you consider that our team had executed, in the past few months, over a dozen assignments in four distinct domains within cleantech, you can well understand the rich and exciting variety of experiences we had been through.
I am happy to share with you,some of the attractive and emerging prospects in the Indian renewable energy sector, and assist your company and business pursue these. Do let me know your thoughts and questions.
Have a great week ahead.
Cofounder and Director
EAI – Energy Alternatives India @ www.eai.in
Topic of the week
Scrapping of the Accelerated Depreciation Incentive for Wind Projects
There is speculation that the Indian government will do away with the accelerated depreciation (AD) incentive scheme for wind power projects. It was through this scheme that companies that put up wind farms were able - in the first year - to use 80% of the capital invested as depreciation to offset profits (and thus tax payable) in their parent business. In fact, it would not be wrong to say that the accelerated depreciation incentive scheme was perhaps the key driver for wind energy investment in India over the past ten years. The onset of the direct tax regulations will probably do away with this incentive. The government's argument is that wind farm owners should be more interested in taking up the alternative generation based incentive scheme which rewards wind farms based on generation rather than the AD scheme which rewards only capital investment regardless of actual generation. Do you think the scrapping of the AD scheme is a good idea? Will this spur more investment from IPPs (who will now opt for the generation based incentive scheme) or will this make hundreds of small companies to defer investments in wind farms? Have your say
Date : December 14-16, 2011
Place : BEC, Mumbai.
Intersolar promotes the development of businesses throughout the global solar industry. Intersolar shows are organized every year in 4 cities across the world - Munich, San Fransciso, Mumbai and Beijing.
Since its establishment in the Intersolar India in 2009, the conference has developed into a premier platform for the solar industry in India. Intersolar India focuses on photovoltaics and solar thermal technologies. Exhibitors include PV cell, module and inverter manufacturers, components and mounting systems suppliers, manufacturing system suppliers, service companies as well as manufacturers of solar thermal applications including heating and cooling, among others.
There are 250 exhibitors and 6,000 visitors expected at the 2011 edition. The accompanying conference expects 700 attendees. Intersolar India 2011 takes place from December 14-16 at the BEC, Mumbai.
More details of the events are available at http://www.intersolar.in/ .
More events can be found at http://www.eai.in/360/events
EAI 360 - All Updates on Indian Renewable Energy