INTRODUCTION AND OBJECTIVE
Renewable energy technologies are expected to contribute substantially towards meeting rapidly increasing global energy demand. One of the primary feasibility requirements for large-scale sustained diffusion of renewable energy
technologies relates to their financial and economic viability. Therefore, a detailed holistic evaluation of their financial viability for individual investors and economic feasibility for society at large is critically important prior to formulation and implementation of policies and programmes for their large scale dissemination as well as establishment of different institutional mechanisms in this regard. Any such attempt must try to internalize all relevant technical and economic parameters as well as environmental considerations applicable to the renewable energy technologies.
A variety of financial, regulatory and other incentives have been proposed (and given) for promoting the use of renewable energy technologies across the world. It is therefore necessary that the professionals in the industry, commercial enterprises, NGOs and research and development establishments are able to assess and evaluate the suitability and implications of different types of existing and potential incentives for enhancing the dissemination of renewable energy technologies.
Financing of renewable energy technologies is another important component of any strategy towards increasing their acceptance amongst potential users with low or limited purchasing power. Several different possibilities exist in this regard and there is an urgent need to develop appropriate financing models for different situations and user groups. Stakeholders’ should be able to evaluate different financing alternatives and options.
TOPICS TO BE COVERED:
* Need and relevance of financial and economic feasibility evaluation of renewable energy technologies
* Basics of engineering economics
* Measures of financial/economic performance
* Decision making under uncertainty
* Development of techno-economic models for financial evaluation of renewable energy technologies
* Case studies on financial evaluation of renewable energy projects
* Relevant Software (RETScreen, HOMER)
* Financial, regulatory and other incentives (existing and potential) for renewable energy technologies
* Development of frameworks for estimation of utilization potential of various renewable energy devices and systems
* Diffusion models for renewable energy technologies
* Learning (experience) curve analysis for renewable energy technologies and financial viability
* Carbon mitigation potential of renewable energy technologies and its likely effect on their financial viability
* Various models for financing of renewable energy technologies including detailed discussions on Leasing, ESCOs, microfinacing, carbon finance etc
WHO MAY PARTICIPATE?
Engineers, Researchers, Scientists, Managers and other Executives working in the areas of renewable energy
DATE AND VENUE:
Date: December 6-10, 2010
Venue: Centre for Energy Studies, IIT Delhi
Govt./R&D Institutes & Academic – Rs. 10,000/-
Industry, R&D(Non-Govt. – Rs. 15,000/-
Payable by DD/cheque (Delhi A/c) in favour of “FITT, IIT Delhi”
Last date for registration: 15th November, 2010
1. Prof. T. C. Kandpal, IIT Delhi
2. Prof. S. C. Mullick, IIT Delhi
3. Guest Speakers
FITT, IIT Delhi
Hauz Khas, New Delhi – 110016