Hi Friends,

Even as I launch this today ( my 80th Birthday ), I realize that there is yet so much to say and do.

There is just no time to look back, no time to wonder,"Will anyone read these pages?"

With regards,
Hemen Parekh
27 June 2013

Saturday, 1 April 2017

INDIA : the NEW LAND OF THE RISING SUN ?



The Sun Temple of Konark was built on the coast of Odisha, some 750 years ago


In the next 5 years, India will be able to boast of a million Konarks !


By 2022 , a million building may have a “ Sun Temple “ on its roof – a Solar panel generating electrical power ( Australia managed ONE MILLION rooftop installations in 4 years ! )



BACKGROUND :

Solar capacity by 31 Dec 2016 = 9 GW / Planned addition in 2017-18 = 20 GW


With 100 GW of planned Solar power generation by 2022, India will truly start worshipping the Sun God ( 20 GW from Solar parks + 40 GW from RTP – Roof Top Projects + 40 GW from Distributed Power Projects )


Only last month , the Government decided to raise the Solar Park capacity target from 20 GW to 40 GW !


34 Solar parks are already under construction in 21 States . Last month’s decision will raise this number by another 50 parks !


But all of this audacious plan is no more than touching the fringes of India’s renewable energy potential of around  900 GW !



WHY ?

·         For rapid industrialization , India needs to produce huge amount of electricity


·         Coal based power plants are emitting CO2 and particulate matter which cause dangerous pollution and bring early death to  600,000  Indians each year !


·         In 2016-17 ( till Feb ), India lost 5.87 Billion Units ( BU ) of power generation due to non-availability of WATER for COAL BASED power plants . Expect this to get worse , over the coming years



  
WHY THIS SUDDEN INTEREST / EMPHASIS ?

·         Solar power generation is absolutely CLEAN


·         Solar PV panel prices are rapidly dropping, year after year


·         This has led to Solar power price to drop to Rs 2.9 / Kwh last month from Rs 7 / kwh , only 2 years ago !


·         In the latest installation at MASDAR city ( UAE ) this dropped to Rs 1.8 / kwh !


·         If India wants to replace its 200 million strong population of Petrol / Diesel vehicles with Electric Vehicles ( EV ) by 2030 ( and 6 million vehicles by 2020 ) , then switch over to Solar Power is imperative


If the electricity needed to charge the batteries of all of these EVs is going to be produced using fossil fuel , then the “ Pollution Generation “ only shifts from the roads to the Power Plants ! This is like transferring the disease from one part of the body to another part !




WHAT  IS  HOLDING  BACK  THIS  AMBITIOUS  TARGET  ?


#  Import  of  PV modules

    At present, nearly all Solar installations ( whether Roof Top or Ground mounted ) , are imported – and mainly from China . Adani Group is in the process of setting up a factory to produce PV modules ( 1 GW production capacity )



#  Solar Power Storage

    Solar power gets generated when Sun shines during day time . This needs to be stored in batteries , for use during night / peak demand


Li-ion Storage Batteries are NOT made in India and have to be imported


Imports are expensive . There is urgent need to set up several factories ( with licensed technologies ) to reduce this dependence on imports




#  Finance / Funding

    Just to finance those 40 GW of “ Small and Rooftop Solar “ installations, we need $ 50 BILLION


    Around $ 100 BILLION asset finance is required during 2016-22, including $ 30 BILLION in Equity Capital , for achieving 135 GW target by 2022




HOW  TO  OVERCOME  THESE  CONSTRAINTS , - IN A HURRY  ?



#  Import of PV modules

    Through bulk purchase of LED lamps ( some 800 MILLION lamps – up from earlier sale / usage of mere 8 million per year ) , Shri Piyush Goyal managed to knock down the price from Rs 365 to Rs 60 ! – for delivery spread over next 4 years


And then started giving these away FREE , to end users ( homes / offices / factories / municipalities etc )


There is no reason to think that he cannot repeat this FEAT in respect of PV modules


During past 2 years , huge manufacturing capacity has been added by foreign PV module manufacturers . They are hungry for orders and will bid aggressively against a tender floated by Power Ministry


Then let Shri Goyal offer these PV modules to housing societies / owned residences , under “ Net Metering “ scheme , with a provision to recover the cost from those societies , over a period of 20 years , through additional “ Property Tax “ !




#  Solar  Power  Storage

     TESLA ( Elon Musk ) is negotiating setting up of a 100 MW “ Storage Installation “ , in Australia , within 100 days, for a price of $ 25 million


For  this , TESLA will use its POWER-WALL / POWER-PACK batteries


Can Elon Musk be persuaded to set up 1000 similar Storage Installations in India, within 4 years ?


In my following blogs , I have explained how Elon Musk can be persuaded to do this – and for FREE !


·         Not a Day too Soon  ( 09 March 2017 )


·         Congrats ! and a note of Caution !  ( 07 Feb 2017 )



#   Finance  /  Funding

     Just do what the Indonesians did !

     They announced a BLACK MONEY AMNESTY SCHEME ( no penalty / only 4 % tax on amounts declared ) – and managed to bring into the Official / Productive / Mainstream .

$ 300 BILLION  !



To know how we can find those $ 100 BILLION ( for our goal of 135 GW of Solar ),

read :

From  Greed  to  Great  ?  (  01  Oct  2015  )




If we can pull this off , no one will ever question the health / wealth benefits of,

SURYA  NAMASKAAR  !




01    April  2017



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