Sanjay Kumar INDIA Renewable Energy Policy Imperatives for Developing Countries

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Renewable Energy Promotion Policies 5

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Reasons for Lower Utilization of RE Potential Renewable Energy is: Small Intermittent Costly 8

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India: TPP in pipeline 11

India: Fuel types of planned TPPs 12

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Lesson-1: Tackling Smallness Dynamic Mapping of RE resourcesMaking maps available in public domain Monitoring of RE generation from installed plants against the RE potential at a site 15

Lesson-2: Tackling Intermittence Regional Smart Supergrids can enable us to share renewable resources over a wide area to create a 100% reliable energy supply for everyone. 2. Storage solutions are critical 3. Regional Weather Forecasting Stations may provide weekly regional RE forecasts also

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Summary of Average Levelised Cost of Electricity Generation (In service 2009) 18

Range of Levelised Cost of Electricity Generation (Merchant Power 2009) Source: ibid 19

Average Instant Cost Trend (source: ibid) 20

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Lesson-3: Tackling High Costs Give “infrastructure” status to RE projects Allows longer term lending by banks Allows renewable energy companies to raise public money through long-term bonds Allows enhanced tax credits Establish replenishable Risk Guarantee Fund Assures generators/ distributors for the returns Should be simple to operate and located conveniently In-built mechanism for quantitative and qualitative check Build capacity of regulators To prescribe right amount and right combination of incentives (e.g. FiTs in combination of RECs) Create a large public R&D Fund 22

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