Mr Dhanendra Kumar's was invited to deliver a lecture primarily addressing the students at the USC Marshall School of Business -University of Southern California on the theme of the transition to renewables in India.

1. THE TRANSITION
TO RENEWABLES
IN INDIA
Prepared by
Competition Advisory Services (India) LLP (COMPAD)
for
Presented by
Dhanendra Kumar, IAS (Retd.)
Formerly India’s Executive Director at World Bank’s Board,
Secretary to Govt. of India &
First Chairperson, Competition Commission of India
Now Chairman, Competition Advisory Services (I) LLP

2. • India - world’s largest population-1.43 billion
• 17.76% of the total world population
• The median age - 28.2 years, world’s youngest
• India - 28 states and 8 union territories, 400 cities
• Many States bigger than several European countries; UP
(230 mn) > UK, France and Germany combined
• India - 3.28 mn sq km area (7th largest in world)
• 5th largest economy, racing to become 3rd
• India - fastest growing economy, 8.4% in last Qtr
• India – World’s largest democracy – 960 mn voters
INDIA – AN OVERVIEW

3. “The mass movement in India regarding energy transition is
a subject of study. This is happening in two ways: First: rapid
adoption of renewable sources of energy; and Second:
adoption of effective methods of energy conservation.
Citizens of India are rapidly adopting renewable sources of
energy today. Houses, villages, airports running on solar
power and farming with solar pumps are many such
examples”.
~PM Narendra Modi, at India Energy Week 2023
on February 6, 2023

6. 92%
OF THE TOTAL POWER ADDED IN FY 23 CAME FROM RENEWABLES

7. SOLAR POWER
IN INDIA
STATUS & LATEST DEVELOPMENTS

8. STATUS OF SOLAR POWER IN INDIA
• In March 2014 our solar installed capacity was just 2.6 GW.
• The solar capacity has increased by 28 times in the last ten years.
• Solar PV module manufacturing capacity has increased five-fold from
10 GW in 2019 to 50 GW in January 2024 and solar PV cell
manufacturing capacity has doubled from 3 GW in 2019 to 6 GW in
January 2024
INSTALLED
CAPACITY
POTENTIAL
74.3
GW
748
GW

9. SOLAR ROOFTOP PROGRAMME
• Government approves Rs 75,021 crore (USD 903.6
million)for PM-Surya Ghar, benefiting 10 million
households with rooftop solar.
• PM Modi launched it on Feb 13, offering 300 free
units/month.
• Cabinet grants 60% assistance for 2 kW system, 40%
for 2-3 kW.
• Subsidies: Rs 30,000 (USD 361.45) for 1 kW, Rs 60,000
(USD 722.89) for 2 kW, Rs 78,000 (USD 939.76) for 3
kW. Collateral-free loans at 7% for systems up to 3 kW,
no aid for over 3 kW.

10. REACHING THE RURAL
• PM-KUSUM program boosts farmer
incomes, targets 50% non-fossil power by
2030, aids DISCOMs. '
• Solar villages' showcase rural rooftop
solar.
• Interim Budget allocates Rs 10,000 crore
(USD 120 million) seed money, aiming at
Rs 15,000-18,000 (USD 180 - 216) annual
energy bill savings per household.

11. SOLAR INITIATIVES
• PLI Scheme: INR 24,000 Cr for high-efficiency solar
PV modules to achieve Giga Watt (GW) scale
manufacturing capacity, enhancing India's solar
industry competitiveness.
• Solar Park Scheme: Establishing 50 Solar Parks of
500 MW+ each by 2025-26, totaling 38 GW capacity.
Completed: 11 parks (8521 MW), Partially completed:
7 parks (3985 MW), fostering investment, economies
of scale, and affordable solar power.
• PM-KUSUM: Supports off-grid solar pumps in rural
areas and reduces grid dependence, aiming for 34.8
GW capacity by March 2026. Encourages use of
indigenous solar modules and technology.

12. Study commissioned for long-
term vision and roadmap:
• Phase I report completed
• Study to be completed by June
2024
Task Force on OSOWOG:
• Analysis of India
Interconnections with South
and South East Asia
• Draft Framework, Draft Charter
prepared
One Sun One World One Grid Initiative (OSOWOG)

13. INTERNATIONAL SOLAR ALLIANCE
• ISA launched on 30 November 2015 by India and France.
• Proposed by Prime Minister Narendra Modi and launched
at UN Climate Change Conference in Paris.
• Has 120+ member countries between Tropic of Cancer
and Tropic of Capricorn.
• Objective: promote solar energy to reduce fossil fuel
dependence.
• Headquarters: Gurugram, Haryana, India; interim
Secretariat inaugurated January 2016.
• "Towards 1000" strategy aims for $1000 billion solar
investments by 2030, clean energy access for 1000
million people, 1000 GW solar capacity, and reduction of
1000 million tonnes CO2 yearly.

14. WIND ENERGY IN
INDIA
STATUS & LATEST DEVELOPMENTS

15. STATUS OF WIND ENERGY IN INDIA
• India stands 4th Globally in Wind Power Capacity.
• Total energy generated from wind, till March 2024 is 73449.1 MU.
• Solar and Wind energy currently contribute more than 50% of the total renewable capacity of the country.
INSTALLED
CAPACITY
POTENTIAL
45
GW
50M - 49
GW
80M - 102
GW
120M - 695
GW
150M - 1163
GW

16. OFFSHORE WIND ENERGY PROJECTS
• India's 7,600 km coastline ideal for offshore wind
energy.
• Govt targets 500 MW by 2030.
• Can generate 127 GW offshore wind energy.
• Offshore Wind Energy Lease Rules, 2023, regulate
lease for projects

17. GREEN HYDROGEN
IN INDIA
STATUS & LATEST DEVELOPMENTS

18. NATIONAL GREEN HYDROGEN MISSION
• National Green Hydrogen Project: INR 19,744 crore budget to establish India as a global leader
in Green Hydrogen production and exports.
• Objectives: Achieve energy independence by 2047, net zero emissions by 2070. Target of 5-10
MMT of Green Hydrogen annually by 2030.
• Focus Areas: Supporting projects for innovative hydrogen applications in iron and steel
manufacturing, reducing carbon emissions through green hydrogen substitution.
• Strategic Goals: Expand global demand for green hydrogen to 100 MMT, fostering international
partnerships and market growth.

19. NATIONAL GREEN HYDROGEN MISSION

20. THE ADANI GREEN ENERGY GALLERY
• The Adani Green Energy Gallery became a reality in March in partnership
with the UK Science Museum in London.
• The Gallery is set to showcase the visions of renewable sector future
through low carbon technologies
• The UK Science Museum in its website highlighted that the gallery would
use a varied range of exhibits to showcase the journey of a sustainable
future.

21. EV SECTOR IN
INDIA
STATUS & LATEST DEVELOPMENTS

22. STATUS OF THE EV SECTOR
• Indian auto industry: 5th largest, aiming for 3rd
by 2030.
• EVs could be 40% of market, generate $100B
revenue by 2030.
• EV Market: USD 34.80B in 2024, projected USD
110.74B by 2029 (CAGR 26.05%). Cumulative
EV sales: 36,21,974 units by end of CY2023,
annual sales crossed 16 lakh in CY2023.

23. 2W EV IN INDIA
• EV sales breakdown: 2W EVs lead (85%-
90%), followed by 4W (7%-9%) and 3W
(5%-7%).
• E2W exports to exceed US$ 28-30M by
2030 (CAGR 10-12%).
• EV penetration: 6-8% in 2W, 14-16% in
3W by FY2025. Premium scooter segment
at 40% EV penetration.

24. ELECTRIC MOBILITY PROMOTION SCHEME 2024
• On March 13, 2024, the Government of India announced the Electric Mobility Promotion Scheme 2024.
• Total outlay of Rs 500 crore (US$ 60.3 million) to support the adoption of e-two-wheelers and e-three-wheelers for a
period of 4-months from April 1, 2024 to July 31, 2024.
• Around two-thirds of the outlay is proposed to be earmarked for e-two-wheelers. the scheme aims to facilitate the
purchase of 3,72,215 EVs.

25. EV SECTOR INITIATIVES
• FAME-India Scheme Phase-II: INR 10,000 crore budget
for EV adoption, upfront price reduction based on battery
capacity (Rs. 10,000/KWh for e-2Ws, 15% of vehicle cost;
Rs. 10,000/KWh for e-3Ws, cap at 20% of vehicle cost).
• Production Linked Incentive (PLI) for ACC: Incentive to
reduce battery prices, leading to EV cost reduction.
• EVs covered under PLI for Automobile and Auto
Components: Budget of INR 25,938 crore over 5 years.
• GST reduction: EVs taxed at 5%, chargers/stations at 5%
instead of 18%.
• MoRTH initiatives: Green license plates, permit
exemption, road tax waiver for EVs.
• Ministry of Power guidelines: Develop EV infrastructure,
provide affordable tariffs, revenue sharing for charging
stations, ceiling on service charges, timely electricity
supply.

26. Investments in
the RE Sector
In India
• India: Ideal for renewable energy investments with $92 B
invested since 2014. Highly attractive.
• Abundant labor, easy capital access, single-window
clearances make it attractive.
• $197 B worth of renewable energy projects underway.
• Up to 100% FDI allowed for renewable energy projects.
• Expected 25GW capacity addition in 2024, investing Rs
1,37,500 crore (about $16.5 B), higher than 2023's 13.5GW
and Rs 74,250 crore (nearly $9B).
• $ 15.36 B FDI Inflows in the Non-Conventional Energy
Sector since April 2000 - 2023. Comprising 2.3% of the
total FDI Inflows.

27. Investments in the RE Sector
• Foreign investors can invest independently or in joint ventures.
• India is top for clean energy investment, ranked 1st by Climatescope Report.
• Ernst & Young ranks India 6th globally for renewable energy attractiveness.
• Notable investors in RE sector in India include- GIC Holdings (Singapore), Abu
Dhabi Investment Authority, SoftBank, Brookfield CPPIB and CPDQ (Canada),
ORIX (Japan), Sembcorp, APG (Holland).
• The bullish growth in the share prices of IREDA –
evidence to growing appetite for the Renewables

28. Capacity Building and Skill development for RE Sector
• Ministry of New and Renewable Energy designed short term skill development courses for
to develop skilled manpower in the solar sector and create employment opportunities
• Surya Mitra - Boost employment and create skilled personnel for installation, operation
and maintenance of solar power projects. Programme has lead to 55000 trained
personnels till 2023
• Jal Urja Mitra - Skill Development Programme provides training focused on installation,
operation, repair and maintenance of Small Hydro Power Projects
• Vayu Mitra - The programme is a skill development programme for the maintenance of
Wind Power Projects
• Varun Mitra - The programme develops trained manpower in the area of solar water
pumping for installation and maintenance of solar water pumps.

29. GREEN GDP: PM Modi’s Green Approach to Life
• Growth of a country has always been measured in terms of
anti-climate metrics. It is need of hour to change this approach.
– GREEN GDP should be part of overall GDP to measure the
growth of the country.
– Changing terminology for the integration of environment into
the lives of people
• PM Modi believes in a two pronged strategy for this:
– 1. Innovation
• 1 Lakh crore corpus fund to boost technological
innovation in sunrise sectors
• To motivate younger generations to contribute to green
innovation, 50 years of interest free loans will be provided
– 2. Lifestyle
• Mission Life – “ Lifestyle for Environment”
• “Parameters of life” needs to be integrated with green
approach and made eco friendly

30. THANK YOU
Prepared by:
Dhanendra Kumar
Formerly India’s Executive Director on World Bank Board,
& founding Chairman, Competition Commission of India,
Chairperson, Competition Advisory Services (India) LLP (COMPAD)
R-15, Hauz Khas Enclave, New Delhi – 110 016, India
Phone: +91-11-4662 8866, Email: info@compad.in