India

 

The Indian market

With a booming economy, increasing demand for electricity and a high level of sunshine, India is one of the major emerging markets for solar energy. The government wishes to make India a global leader of solar energy by creating a conducive political environment.

In 2008, the Indian government published its National Action Plan on Climate Change. It identifies the strategic initiatives aimed at improving understanding about climate change, reducing greenhouse gas emissions through adaptation and/or mitigation, increasing energy efficiency and preserving natural resources. The National Action Plan on Climate Change aims in particular at increasing the share of solar energy in the energy mix by actively supporting photovoltaic projects that are decentralized or connected to the grid.

In 2010, the Indian government launched the Jawaharlal Nehru National Solar Mission (JNNSM or NSM). It has a target of 20 GW by 2022 and includes a long-term development policy. The NSM is characterized by large-scale deployment targets, an ambitious research and development policy, and the development of the upstream segment with the production of raw materials and the main components of photovoltaic systems.

In 2015, the Indian government revised its ambitions downwards and set the target at 100 GW by 2022. To reach this new target, the Ministry of New and Renewable Energy and the Indian government are examining all opportunities. The National Thermal Power Corporation (NTPC Ltd.) and the Solar Energy Corporation of India (SECI) have launched a total of 5 GW of calls for tenders in several States in the country. At the same time independent calls for tenders have been launched by the States of Telangana (1200 MW), Karnataka (1200 MW) and Jharkhand (1200 MW).

In 2015, during the COP21 conference in Paris, the Indian Prime Minister, Narendra Modi, took the initiative to launch the International Solar Alliance (ISA) which includes 120 countries and aims at mobilizing $1,000 billion in solar energy by 2020.

  • Key Figures

  • 182

    182 MW built or under construction and 215 MW under development

  • 11

    11 solar parks

  • 2010

    Present in India since 2010

Historique

    • 2011
    • Solairedirect India wins the call for tender launched by the National Solar Mission (NSM) by making the most competitive bid: 7.49 INR/kWh
    • 2013
    • Inauguration of the first solar park with a capacity of 5.6 MW
    • Solairedirect India wins the 21 MW project in Punjab, at 7.99 INR /kWh
    • 2014
    • Solairedirect India wins the 35.6 MW project in Rajasthan under the National Solar Mission
    • Inauguration of a 21 MW solar park in Fazilka (Punjab) in the presence of the French Minister for Ecology, Sustainable Development and Energy, and Mr. Bikram Singh Majithia, the Punjab New and Renewable Energy Sources Minister
    • 2015
    • Solairedirect India wins two projects for a total of 50 MW in Punjab, as well as three other projects totaling 60 MW in the State of Telangana
    • 2016
    • Solairedirect India wins two 70 MW projects in Rajasthan under the tender launched by the National Solar Mission. It wins another 75 MW project on 16 March
    • 2010
    • Creation of Solairedirect India

Our strategy in India

Present in India since 2010, Solairedirect has succeeded in adapting its know-how and expertise to the needs of the Indian market thanks to the employees of its subsidiary, Solairedirect Energy India Private Limited, based in Pune, in the State of Maharashtra.

The Indian market is extremely competitive and Solairedirect has a firm foothold because of its efficient approach with respect to financing and Engineering, Procurement and Construction (EPC) to reach the most competitive price per kWh.

Today, Solairedirect India has a total of 182 MW (97 MW in operation and 85 MW under construction) in its portfolio. In January 2016, Solairedirect won two projects, each with a capacity of 70 MW. This represented one third of the National Solar Mission’s tenders and was achieved thanks to a very competitive bid at 4.35 INR/kWh. On 16 March it won another 75 MW project.

 

Where we are