renewable-energy

India is one of the countries with the largest production of energy from renewable sources. In the electricity sector, renewable energy account for 34.6% of the total installed power capacity. Large hydro installed capacity was 45.399 GW as of 31 March 2019, contributing to 13% of the total power capacity. The remaining renewable energy sources accounted for 22% of the total installed power capacity (77.641 GW) as of 31 March 2019.

Wind power capacity was 36,625 MW as of 31 March 2019, making India the fourth-largest wind power producer in the world. The country has a strong manufacturing base in wind power with 20 manufactures of 53 different wind turbine models of international quality up to 3 MW in size with exports to Europe, the United States and other countries. Wind or Solar PV paired with four-hour battery storage systems is already cost competitive, without subsidy, as a source of dispatchable generation compared with new coal and new gas plants in India.

The government target of installing 20 GW of solar power by 2022 was achieved four years ahead of schedule in January 2018, through both solar parks as well as roof-top solar panels. India has set a new target of achieving 100 GW of solar power by 2022. Four of the top seven largest solar parks worldwide are in India including the second largest solar park in the world at Kurnool, Andhra Pradesh, with a capacity of 1000 MW. The world’s largest solar power plant[citation needed], Bhadla Solar Park is being constructed in Rajasthan with a capacity of 2255 MW and is expected to be completed by the end of 2018.

Biomass power from biomass combustion, biomass gasification and bagasse co-generation reached 9.1 GW installed capacity as of 31 March 2019. Family type biogas plants reached 3.98 million.

Renewable energy in India comes under the purview of the Ministry of New and Renewable Energy (MNRE). India was the first country in the world to set up a ministry of non-conventional energy resources, in the early 1980s. Solar Energy Corporation of India is responsible for the development of solar energy industry in India. Hydroelectricity is administered separately by the Ministry of Power and not included in MNRE targets.

India is running one of the largest and most ambitious renewable capacity expansion programs in the world. Newer renewable electricity sources are projected to grow massively by nearer term 2022 targets, including a more than doubling of India’s large wind power capacity and an almost 15 fold increase in solar power from April 2016 levels. These targets would place India among the world leaders in renewable energy use and place India at the centre of its “Sunshine Countries” International Solar Alliance project promoting the growth and development of solar power internationally to over 120 countries.

India set a target of achieving 40% of its total electricity generation from non-fossil fuel sources by 2030, as stated in its Intended Nationally Determined Contributions statement in the Paris Agreement. A blueprint draft published by Central Electricity Authority projects that 57% of the total electricity capacity will be from renewable sources by 2027. In the 2027 forecasts, India aims to have a renewable energy installed capacity of 275 GW, in addition to 72 GW of hydro-energy, 15 GW of nuclear energy and nearly 100 GW from “other zero emission” sources.

IB-Indias-Renewable-Energy-Target-by-2022

What we do!

Power Consultancy

 

Understanding details of clean energy power generation project is a must for investors as well as end users today, considering enormousness of the project task and money related with it. Selection and understanding local geopolitical environment and then installing and commissioning of the project is a crucial tasks to consider before investing into Renewable energy projects specifically. At 5 international we guide you every step of the way.

We provide B2B and B2C consultancy, Our services are but not limited to,

 

•Clear cut education Guidelines with positive and negative aspects of each state level and Central Solar power generation policy.

•Bird eye overview of the Solar PV, Solar Thermal or Wind power project including project budget, equity, debt, ROI and capital appreciation.

•Detailed project report Includes minute details of project technology behind every solution.

•Detailed explanation of Government policies of each state and Central Government including upcoming opportunities.

•Details who, where, when, how and why of Government departments functions and process.

•Clear marked expenses and cost on time scale related to project advancements

•We help both B2B and B2C clients finding right EPC services to match budget and project needs as consultants.

•Detailing how to maintain project efficiency and on time payment schedule from Government.

 

We have Government and private PPA wind and solar projects for sale or Joint venture across the globe, both shovel ready and operational.

 

PPA Trading

 

There comes a stage on Solar power generation project where developers sometime decides to move away from the project having financial constraints or other reasons or the PPA owner needs guidance on utilizing the PPA. We guide them to trade their project/PPA for the benefit of others who wants to grow with more installations in this renewable sector. Though most PPA’s are signed with No Promoters change or stock transfer, there are legal ways to come around this difficulty and PPA’s can be transferred successfully.

Solar Energy Solutions

 

 

We work in a way where we don’t miss any opportunity on “Going Green” may it be your House, Office building, School, Collage, Shopping mall, factory, warehouse, parking lot or barren Land, we have a clean energy solution for everything.

 

Our mission is to play a major role in making the globe emission free, we are doing our bit “ARE YOU?”