Daily News Letter on Renewable Energy, Environment & Sustainability

Top Headlines PEs sharpen focus on green energy MBCEL commissions India's largest grid-connected solar farm in Tamil Nadu CII organized 4th India Energy Conclave 2010 at Ahmedabad GreenMan Subsidiary Secures $0.3M Dual Fuel Conversion Order With Bhushan Steel Ltd. Building Integrated Sustainable Infrastructure for Tomorrows India: CII Surface Transport Summit Global Feature: Commission votes to expand mid-sized renewable energy development Infra Insights Research Report: Renewable Energy Attractiveness in Select States of India

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PEs sharpen focus on green energy
Firms double funding this year, as govt, multilateral agencies push sector. Last month, the Muthoot Pappachan Group (MPG), a leading non-banking finance company, decided to invest heavily in wind energy, to create 50 Mw generation capacity. This is part of its plan to diversify into power, automation and hospitality sectors, after a century of being in the banking business in Kerala. TOP DEALS IN RENEWABLE ENERGY Date Target Buyer Deal value ($mn) 290

Aug 18, '10

Moser Baer Projects Bhilwara Energy

Blackstone Advisors India International Fin. Corp., FE Clean Energy Group Inc.

Jul 11, '10

50

Jan 28, '10

Greenko Group TPG Capital Inc. PLC Greenko Group Global Environment PLC Fund Green Infra Konaseema Gas Power Jaiprakash Power Ventures IDFC PE Fund IDFC PE , Lehman Brothers PE State Bank of India, ICICI Bank

33.94

Sept 28, '09

46.3

Sept 1, '09 May 1, '08 Jan 9, '08

74.2 125

101

Source: VCCedge data NB: No response from MoserBaer to the queries sent a week back A lot of PE investors are interested in renewable energy and we are exploring PE investments for our wind energy initiatives, said Thomas John Muthoot, chairman and managing director.

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The renewable energy (RE) sector in India saw 135 per cent more PE and venture capital (VC) investments in 2010. Data from VCCedge show five PE/VC investments worth $377 million (Rs 1,715 crore), including a mega one of $290 mn by Blackstone in Moser Baer, the solar power company. As against this, 2009 saw six deals in the sector, worth $160 mn. Experts attribute the interest of angel investors in RE wind, solar and hydel and biomass to the governments recent initiatives. The latter plans to get 20 gigawatts (Gw, or 20,000 Mw) from sunlight by 2020. It launched the National Solar Mission last year as part of a strategy to cut the countrys carbon footprint. Enticing figures India could attract $169 billion (Rs 7.7 lakh crore) for clean power projects over the next decade, according to a recent report of The Pew Charitable Trusts. Over the next decade, India is projected to increase its RE capacity to 91 Gw, five times what is currently installed, adds the report. Another recent study, conducted by the Centre For Development Finance of the Chennai-based Institute for Financial Management and Research, in alliance with World Resources Institute, says India has an aggregate market potential of $2.11 billion per year (Rs 9,600 crore) for clean energy. That comprises $2.04 bn for decentralised RE services and $70.1 mn for energy products such as solar lanterns and solar home systems. The RE segment did not witness the same level of activity as the thermal power sector because of concerns over an unfavourable regulatory environment and scalability. Now, the government is slowly but surely ushering in changes that will make RE generation projects more attractive for investors. We expect PE interest in RE generation to sustain over the next few years. said Venkat Subramanyam, founder-director, Veda Corporate Advisors, an investment banking firm which has closed a couple of PE deals in renewable energy. Incentives offered by India for wind energy are attractive, but solar (energy) is not attractive for us at this point in time, due to lack of clarity on long-term return on investments, says Rajiv Mishra, managing director of CLP India, the largest foreign private power company operating in India. CLP is planning to add 300 Mw every year in the coming years to take its wind power capacity to about 2,000 Mw. Funds move in Seeing the potential, Indian PE players are also launching clean energy-focused funds. Recently, BTS Investment Advisors, a Mumbai-based PE firm focused on small and medium enterprises, said it was launching a $120 mn (Rs 545 crore) fund. Early this week, the Asian Development Bank (ADB) increased its support for clean energy and announced an injection of up to $40 mn in two new India-focused PE funds. The money is to go

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equally to the Clean Resources Asia Growth Fund and the Renewable Energy Asia Fund. ADB is targeting $2 bn investments a year in clean energy by 2013 in Asia. Last month, the Asia-focused PE firm, Olympus Capital Holdings, increased its stake in Chennaibased Orient Green Power Company Ltd, the first Indian RE company to be listed. Olympus has a $250-mn regional environment fund. Earlier, the fund had invested $35 mn in Orient Green and $10 mn each in Bessemer Venture Partners and Shriram EPC. Two months earlier, Auro Mira Energy Company Pvt Ltd, another Chennai-based RE company, raised $21 mn from a clutch of PE investors, comprising Aureos South Asia Fund, IFC and ePlanet Ventures. It has four new RE projects of 100 Mw capacity in hydro and biomass sectors. Given the power deficit scenario and the government focus on RE, we as a fund are focused on RE investment opportunities, said Balaji Srinivas, managing partner, Aureos India. Last month, Greenko Group Plc, backed by PE firms, acquired Hemavathy Power for $33 mn. Early this year, TPG Growth, an arm of global private equity major TPG, invested $116 mn in Greenko, which is targeting 1,000 Mw capacity in five years. Its other investors include Global Environment Fund and Aloe Environment Fund. IDFC Private Equity had acquired the wind energy assets of BP Energy India for $95 mn (Rs 463 crore) last year. It has invested about $200 mn since 2007 to acquire assets in companies such as Moser Baer Photovoltaic, Green Infra, Emergent Ventures India and Suzlons arm, SE Forge Ltd. Future bet S G Shyam Sundar, managing director, IDFC PE, said, There would be huge potential for clean energy in India in the backdrop of mounting prices of traditional fuel and the increasing energy demand. Adding: Abundant resources and the governments policy to support the clean energy sector to meet the increasing demand for power makes the sector interesting for investors. Since last year, the International Finance Corporation, an arm of the World Bank, has invested $25 mn in Bhilwara Energy, $10 mn in Auro Mira Energy and also in Azure Power India, a solar power company. Source: Business Standard Go to Top

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MBCEL commissions India's largest grid-connected solar farm in Tamil Nadu
Moser Baer Clean Energy Limited (MBCEL), a subsidiary of Moser Baer Projects Private Limited (MBPPL) has commissioned the countrys largest and the first 5 MW solar farm at Sivaganga in Tamil Nadu. The technical expertise for commissioning was provided by the EPC (Engineering Procurement Commissioning) arm of Moser Baer Solar Limited. The International Finance Corporation and the IDBI bank has provided debt for the project. The solar farm has been commissioned using amorphous silicon Thin Film technology which is best suited for the Indian climatic conditions and is connected to the 110 KVA local grid. The project had been awarded by the Tamil Nadu Energy Development Agency (TEDA) and is being implemented under the Generation Based Incentive scheme of the Ministry of New & Renewable Energy, Government of India. The project awarded on the basis of a global bid is the first of its kind in the solar farm category to be commissioned in India under the phase 1 of the National Solar Mission. Speaking about this major achievement, Ratul Puri, Director, Moser Baer Projects Private Limited, said: The successful commissioning of the first of its kind of solar farm at Sivaganga vindicates our deep rooted beliefs in our innate capabilities to commission large scale solar farms. As per official estimates, India receives solar radiation of about 5000 Trillion Kwh/Yr. This equates to 4-7 kWh/sqm/yr which is more than Indias total energy consumption (848 billion Kwhr as projected by CEA). It is evident that India has immense potential and we need to ramp up rapidly in the right direction. Citing a report of CIBC Oppenheimer (a leading investment bank in Canada) Ratul stressed that around 85% of India's aggregate economic demand is domestically driven and to power this requirement many more large solar farms have to be commissioned on fast track. The panels installed at Sivaganga Project were procured from Moser Baer Solar Limited, which is today one of the top players in the global solar market. These panels were used as they are best suited in ramping up grid connected solar farms in high ambient temperature region like India. According to Rajya Ghei, Country Head of MBCEL, This successful commissioning by MBCEL reaffirms its position as the leading solar farm developer in the country. We have used our global experience to meet the local requirements according to the global standards. About MBCEL: Moser Baer Clean Energy Limited (MBCEL) was established in 2008 with a strategy to undertake development of renewable power projects worldwide. MBCEL is a project developer, owner and operator of solar power projects globally. It is currently Indias largest solar power development company with a presence in key international markets. MBCEL has ~ 50o MWp under development

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across multiple states in India and a project portfolio of over 200 MWp in Europe to be developed by 2012. Website http://www.moserbaerprojects.com/solarpower-overview.asp About Moser Baer Projects Private Limited: Based out of New Delhi, MBPPL is engaged in the development of power assets using conventional and non- conventional sources of energy. The company is currently developing over 4000 MW of coal based thermal power capacity. It has a pipeline of 500 MW each in the solar and hydro segments. Its most advanced thermal power plant is based in Madhya Pradesh and has already achieved financial closure and acquired fuel linkage. It has multiple solar projects in advanced stages of construction in India, while its first solar project outside India was completed in December, 2009 in Nordendorf, Germany. Website http://www.moserbaerprojects.com

Source: Business Standard Go to Top

CII organized 4th India Energy Conclave 2010 at Ahmedabad

Gujarat has achieved self sufficiency in power generation in last 10 years. The current installed capacity in the state has approximately increased by three fold from 4,000 MW in 2001 to around 12,000 MW in 2010 and in next two years additional capacity of 12,000 MW will be created as many private companies have set up their plants in the state. Power sector is facing various challenges including scarcity of basic resources, shortage of skilled manpower, demand-supply gap etc. Smart Grid and employing advance technology in various operations is the need of the hour. said Mr. D J Pandian, IAS, Principal Secretary, Energy and Petrochemicals Department, Government of Gujarat, while delivering the keynote address at 4th edition of India Energy Conclave 2010: Innovative Ideas for the Indian Power Sector organized by CII today. Mr. Sudhir M Trehan, Chairman CII India Energy Conclave 2010 and Managing Director Crompton Greaves Ltd gave detailed idea to the attendees about the conclave and its objectives. He said in his keynote address We are pleased to organize the Energy Conclave in Gujarat because it is the most industrial state in the country. There are various issues and challenges in the sector and we need aggressive growth plan to change the scenario of the power sector. Many projects are coming up and India will see balance in power supply and demand in next five years. We also need to encourage private sector participation to bridge the demand-supply gap and to improve the quality of power. The path seems to have been defined and moving towards the right direction. The Conclave was supported by Government of Gujarat as part of Swarnim Gujarat and Vibrant Gujarat 2011. The Conclave was also supported by Bureau of Energy Efficiency (BEE), Cogeneration

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Association of India (COGEN INDIA), Control Panel & Switchgear Manufacturers' Association (COSMA), Council of Power Utilities, India Energy Forum, Indian Electrical and Electronics Manufacturers Association (IEEMA), Indian Transformers Manufacturer Association (ITMA), Indian Wind Energy Association (InWEA) and Indo French Chamber of Commerce & Industry (IFCCI) along with IndiaCore as the Magazine Partner, enefinder.com & Tender Tiger as the Online Partners and A. T. Kearney Ltd. as the Knowledge Partner. India Energy Conclave 2010 covered a wide range of topics of interest to stakeholders in the industry like, Power Value Chain Working in Tandem for Brightened Future; Next Generation Growth Agenda and leading industry players also participated in an exclusive CEOs Interactive Roundtable: Power Sector Growth Models and Imperatives for the Future. Thus the theme of the conclave was Innovative Ideas for the Indian Power Sector. The other eminent speakers at the Conclave include Mr. Naishadh Parikh ,Chairman & Managing Director, Equinox Solutions Ltd, Mr. Vikas Kaushal , Partner & Vice President, A T Kearney Ltd., R S Sharma, Managing Director, Jindal Power Ltd., Ravi Sharma, Chief Executive Officer, Adani Power Ltd., Dr J M Phatak, Chairman & Managing Director , Rural Electrification Corporation Ltd. (REC), Harshvardhan Bhatnagar , Vice President Off shore Project, India Business, Suzlon Energy Ltd., Abhishek Poddar, Principal, A T Kearney Ltd. Source: Orissadaily Go to Top

GreenMan Subsidiary Secures $0.3M Dual Fuel Conversion Order With Bhushan Steel Ltd.
GreenMan Technologies, Inc. (OTCBB: GMTI) announced that its American Power Group Inc. (APG) subsidiary has received a follow-on order from Bhushan Steel Ltd., ("Bhushan Steel") New Delhi, India, to convert two MAN B&W 12.3MW generators at their Khopoli industrial site to APG's dual fuel technology. Bhushan Steel has been operating two 12.3MW generator sets which were retrofitted with APG's dual fuel technology in 2006 and are considered to be one of the largest dual fuel engines operating in the world. The $0.3 million order is scheduled for completion during the first quarter of 2011. Bhushan Steel Ltd. is India's third largest secondary steel provider with estimated capacity of 2 million tons per annum. The company has three manufacturing facilities in the states of Uttar Pradesh, Maharashtra, and Orissa. APG's dual fuel system converts diesel engines and generators to function more efficiently and at a lower operating cost (net fuel cost savings of 25% - 35%) by seamlessly displacing 40%-70% of the normal diesel fuel consumption with CNG, LNG, or bio-methane. APG's system is non-invasive to the OEM engine and operates within all OEM performance controls with the flexibility to return to 100% diesel operation at any time. APG's dual fuel conversion and emissions reduction systems can help users achieve their sustainability goals through lower carbon monoxide, nitrogen oxide, and particulate matter emissions. In addition, the introduction of natural gas through APG's dual fuel

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system does not impact diesel engine performance and will also assist in extending the engine's oil life as natural gas is a cleaner burning fuel compared to diesel. Lyle Jensen, GreenMan's President and Chief Executive Officer stated, "This opportunity is a prime example of the diversity of applications for our patented dual fuel solution. In the case of Bhushan Steel, we are installing our dual fuel technology on two generators (12.3MW each) which are used to supply primary energy for the operation of Bhushan's steel rolling mills and are the size of two greyhound buses stacked on each other. This is in stark contrast to several smaller applications (less than 100kw) identified in the oil patch and residential markets which are approximately 1/25th the size of the Bhushan generators. Our ongoing efforts and investments to enhance the functionality and cost competitiveness of our dual fuel technology is why we can offer cost effective solutions in such diverse markets. India is quickly becoming a large market for both generator and vehicular CNG dual fuel opportunities and we look forward to building upon our relationship with Bhushan Steel. About GreenMan Technologies GreenMan Technologies, through its subsidiaries, provides technological processes and unique marketing programs for alternative energy, renewable fuels and innovative recycled products. The Company's alternative energy subsidiaries, American Power Group, Inc. (APG) and APG International, Inc. (APGI) provide a cost-effective patented dual fuel technology for diesel engines. APG's dual fuel alternative energy system is a unique external fuel delivery enhancement system that converts existing diesel engines into more efficient and environmentally friendly engines that have the flexibility to run on: 1) diesel fuel and compressed natural gas ("CNG"); 2) diesel fuel and bio-methane, or 3) 100% diesel fuel depending on the circumstances. The proprietary technology seamlessly displaces up to 65% of the normal diesel fuel consumption with CNG or bio-methane and the energized fuel balance between the two fuels is maintained with a patented control system ensuring the engines operate to Original Equipment Manufacturers' ("OEM") specified temperatures and pressures with no loss of horsepower. Installation requires no engine modification unlike the more expensive high-pressure alternative fuel systems in the market. Our Green Tech Products, Inc. subsidiary, develops and markets branded products and services that provide schools and other political subdivisions viable solutions for safety, compliance, and accessibility including recycled surfacing. See additional information at: www.greenman.biz., www.americanpowergroupinc.com, and www.playgroundcompliance.com. "Safe Harbor" Statement: Under the Private Securities Litigation Reform Act With the exception of the historical information contained in this news release, the matters described herein contain "forward-looking" statements that involve risks and uncertainties that may individually or collectively impact the matters herein described, including but not limited to the fact that we have sold the tire recycling operations which have historically generated substantially all our revenue and that we will be prohibited from competing in that business on a regional basis until 2013; the risk that we may not be able to increase the revenue or improve the operating results of our Green Tech Products or American Power Group divisions; the risk that we may not be able to return to sustained profitability; the risk that we may not be able to secure additional funding necessary to grow our business, on acceptable terms or at all; the risk that if we have to sell securities in order to obtain financing, the rights of our current stockholders may be

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adversely affected; the risk that we may not be able to increase the demand for our products and services; the risk that we may not be able to adequately protect our intellectual property; and risks of possible adverse effects of economic, governmental, seasonal and/or other factors outside the control of the Company, which are detailed from time to time in the Company's SEC reports, including the Annual Report on Form 10-K for the fiscal year ended September 30, 2009. The Company disclaims any intent or obligation to update these "forward-looking" statements.
.Source: Marketwire

Go to Top

Building Integrated Sustainable Infrastructure for Tomorrows India: CII Surface Transport Summit
India, China and Nepal have agreed on a landmark plan for the conservation and sustainable development of the landscape of sacred mountain Kailash, which spreads across the three countries. Representatives from China, India, and Nepal have endorsed a draft Regional Cooperation Framework for conservation and sustainable development of the Kailash landscape at a workshop on the outskirts of the capital. The Kailash-Mansarovar Landscape covers the area linked culturally and geographically to the sacred mountain -- also known as Kang Rinpoche, and Kailasa Parvata which spreads across three neighbours. The workshop, which was held from December 16 to 18 in Nagarkot, a hill station 35-km east of Kathmandu, was jointly organised by the International Centre for Integrated Mountain Development (ICIMOD) and the Ministry of Forests and Soil Conservation, Nepal. Andreas Schild, Director General of ICIMOD, said the Kailash initiative is a unique experience, and the learning will be replicated in the future in other transboundary landscapes of the Hindu Kush-Himalayas. The framework is expected to facilitate transboundary biodiversity, environmental, and cultural conservation through scientific and technical cooperation, according to a press release issued by ICIMOD Headquarters in Kathmandu. The focus of the framework is on enhancing biodiversity and cultural conservation, ecosystem management, sustainable development and climate change adaptation.

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It will facilitate information exchange among the member countries and help in the development and management of a knowledge base. It is based on principles of participatory management, equitability, sustainability, partnerships, ecosystem management and trans-boundary cooperation. Some 35 representatives from 13 institutions, including senior government officials, participated in the workshop. The Institute of Geographical Sciences and Natural Resources Research, Chinese Academy of Sciences, China; GB Pant Institute of Himalayan Environment and Development, India; and the Central Department of Botany, Tribhuvan University, Nepal, participated in the meet. Indias robust growth has not only put a tremendous load in the existing infrastructure, but
put the spotlight on the critical need for building more. The Surface Transport 2010, CIIs Transport Infrastructure Summit, the first of its kind in the country, has been organized in the financial capital of the nation, Mumbai, to address these issues.

Mr. Shyamalkumar Mukherjee, Joint Managing Director, MSRDC, put the focus on infrastructure when he said, "Considering the developing nature of the country, India needs to invest $300 billion in urban infrastructure." He added: "There is a huge stress on current infrastructure which can be mitigated by massive investments." Mr. J P Nayak, Chairman Surface Transport 2010 and Whole-time Director & President (Machinery & Industrial Products) Larsen & Toubro Ltd., said, "Indian infrastructure is insufficient, ill-equipped and ill-designed to sustain the rapid rate of growth. Yet, this is also an opportunity where the magnitude is such that two third of the required infrastructure has to be newly created." Mr. Nayak said such is the cost of logistics in India its cost is more than even developed nations like the US where it is 70% less for costal freight and 30% less for road transport, as compared to India. "This is because of inefficiencies and unproductive methods used in the country. This waste is assessed at 45 billion dollars or 4.3% of our GDP. If we do not improve, by 2020 it will increase to 140 billion dollars or 5% of GDP. We can reduce this by half but this would need the right policies and investments." The scenario can be improved, Mr. Nayak said, by, "formulating a national integrated logistics policy, targeting a greater share of freight to rail, increasing energy efficiency, building dedicated freight corridors, coastal corridors, last mile roads, multimodal logistics park, skill development etc. It is a complex task with the involvement of multiple stake holders and a cross ministerial group would be required to drive it." Gopal N Sarma, Partner, Bain & Company India Pvt. Ltd. (Summit Knowledge Partner) highlighted some stiff challenges. "We set a lot of targets but do not have the mechanisms

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to implement them or to monitor their implementation," he said, adding: "Of the trillion dollars that is being talked about as part of the 12th Five-Year-Plan (2012-17), not more than 60 percent will be realizable even in an optimistic scenario." Sarma added: "On a policy front, government is encouraging infrastructure and users are willing to pay. "Also over the years not a single infrastructure project has been stopped for want of financial closure. What is the problem then? It is that there is no single authority on any project buildup." "Across both centre and state, there are multiple interface points. Having an integrated transportation and logistics policy as a first step towards an integrated transportation department at the central level is key. The immediate challenge to transport rollout is multiple authorities." Mr Nicolas Lepage, Acting Consul General and Senior Trade Commissioner, Consulate General of Canada, highlighted how Canada can help India. "India needs to spend 1 trillion on infrastructure. This it cannot do alone and foreign partners will be important to reach this goal. And Canadian companies with their experience and expertise in infrastructure can be partners of choice." At a CEOs interactive roundtable titled, "Building Integrated Sustainable Infrastructure for Tomorrows India," problems of infrastructure, investment and government interference instead of assistance were discussed. The message from the session was clear - despite much progress, a lot was required to be done. Despite infrastructure projects mainly resting with the government in the past, at present, many private sector firms have made inroads but they need more opportunity through the government setting up clear guidelines. This first of its kind exhibition on the Surface Transport infrastructure, is showcasing the latest advancements in the development of infrastructure in transportation sector with participation from some of the major national and global companies in the sector. The emphasis is on the latest products, equipments and technology with focus on efficiency, productivity, safety, environmental protection, cost effectiveness and construction quality. The exhibition mixes together a basket of professionals hailing from the various infrastructure sub segments under one common roof.
Source: Orissadaily Go to Top

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Global Feature: Commission votes to expand mid-sized renewable energy development
Smaller scale solar energy development just got a significant leg-up in California.

The California Public Utilities Commission (CPUC) voted unanimously to approve a new program designed to drive small to mid-sized renewable energy development. This program is a great step forward in facilitating the expansion of distributed solar power generation, said Marc Van Gerven, CEO of Q-Cells North America, a global leader in developing solar power systems, in a statement. We are committed to partnering with utilities and the CPUC in continuing to grow solar adoption and California's leadership in the renewable energy market. The Renewable Auction Mechanism, or RAM, is a next generation feed-in tariff program that will require investor-owned California utilities to purchase electricity from solar and other renewable sources with an output of 20 megawatts or less. Proponents of the plan and of solar energy in general are applauding the CPUC for this innovative tariff approach to building a strong renewable energy economy in the state of California, while at least one industry researcher is cautioning against moving too quickly. The vote establishes a 1-gigawatt (GW) pilot program from mid-sized renewable energy systems and requires the states three largest investor owned utility companies to allow renewable developers to bid in biannual competitive auctions. The utility companies are directed to award contracts starting with lowest viable cost and moving up in price until the power threshold is reached. While solar energy is certainly part of the answer, a rapid expansion of an immature technology based on an artificial market could lead to problems in the future, said Merrill James Ferguson, a grad student and researcher in University of Colorados Global Energy Management program. If you look at Californias new feed-in-tariff system, the parallels to Spains experience are striking. Progressive policies, generous incentives, and rapid expansion almost collapsed the Spanish market because of the incentive to develop capacity rapidly, he said. California seems to have taken thoughtful measures in capping capacity and creating a market-driven price, but the expedited nature of development under the program and risk of under bidding remain a concern. But, for now, many experts are looking upon the commissions decision as a boost for the industry. In combination with Californias 80,000 behind-the-meter solar systems and the Renewable Portfolio Standard that is driving large-scale projects, this program pioneers a

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new approach to wholesale distributed generation, said Adam Browning, executive director of Vote Solar, a non-profit organization working to make solar a mainstream American energy resource, in a statement. At scale, solar is more cost effective than the fossil fuel alternatives. Source: Cleanenergyauthority
Go to Top

For all previous newsletter & news archive visit us at www.infrainsights.com Infra Insights Research Report: Renewable Energy Attractiveness in Select States of India
Renewable energy is the next big opportunity in the economy thats set to grow at a rate of over 8%-10%. Why we say that? Going by projection made by Mckinsey & Company, India would require about 317 GW of generation capacities to suffice demand for power by 2017. And assuming an average level of RPO of 10% would be mandatory by then, India would require a total renewable energy capacity of 32 GW by 2017. Yes, 32 GW by 2017 would be required as against the existing capacity of approximately 18 GW in 2010, so the country would have to add 14 GW in another seven years at a rate of 2GW every year. Alright, so there exists an opportunity but how to exploit the same is the obvious question and there is no single straight forward answer to this question. In order to take strategically sound decision on the investment front in the Indian Renewable Energy Market, it is very important to filter the best opportunity pocket out of the entire pool. Means which part of the country should one shortlist while planning to make a sizeable investment in the renewable energy opportunity provided by India. Infra Insights through its Report Renewable Energy Market Attractiveness in Select States of India would subject each and every state of the country through a framework that would filter out the top states where every penny is worth the investments. The framework will analyze the states with renewable energy potential over following parameters: Renewable Energy Technical Potential of all the technologies (Wind, Solar, SHP, Biomass & Others) Installed capacity and rate of growth of installed capacity across technology types Attractiveness of regulations and Policies governing the renewable energy landscape in the respective states

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Consistency in regulation & policies Vision of the regulatory bodies and other agencies governing the renewable energy market in the respective states Consumer awareness Electricity Evacuation Infrastructure Implementation & penetration of open access in the states Fiscal health of key buyers of renewable energy (distribution companies, power traders and other consumer group) Trends in efficacy of executing project in a state Government stability

The framework would lead to top 5 states that are best suited for investment when it comes to direct participation in the business opportunity provided by renewable energy market in India. The report can be ordered by sending an email to research@infrainsights.com

Access the report flyer on our website by clicking the link below - Infra Insights Research Reports
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