NSEFI NEWS

SolarPower Europe signs cooperation agreement with National Solar Energy Federation of India

Brussels, 7 March 2019 –  SolarPower Europe and the National Solar Energy Federation of India (NSEFI) have signed a Memorandum of Understanding (MoU) to strengthen cooperation and explore new business opportunities for solar companies in the European and Indian solar market.  

“India is one of the world’s fastest growing markets, expected to surpass 25 gigawatts of cumulative capacity in 2018. Many SolarPower Europe members are already active or highly interested in entering the Indian market, thus, it is the perfect moment to launch a close cooperation with NSEFI. We look forward to exchanging knowledge and best practices to benefit both the European and Indian solar industry,” said Walburga Hemetsberger, CEO of SolarPower Europe.

SolarPower Europe and NSEFI have identified Operation & Maintenance (O&M), installation quality,

digitalisation and storage as key areas of cooperation.

Pranav Mehta, Chairman of NSEFI added: “We are delighted to sign this MOU and agreement of cooperation with one of the world’s leading solar organization, SolarPower Europe – with the legacy of late Dr.Hermann Sheer especially in the areas of Technology transfer,  ensuring quality of the products, O&M best practices,  capacity building and thus strengthening the cooperation to explore new business opportunities for our respective members, in the backdrop of the large Indian market with the national  target of achieving 100 GW solar capacity. We have always learnt from the European countries during our journey so far,  with India achieving a place amongst top 5 countries globally” said Pranav R Mehta Chairman National Solar Energy Federation of India(NSEFI) – who is also the Chairman of the Global Solar Council, head quartered at Washington DC, USA.”

“We are already in advanced discussions with SolarPower Europe for creating the Indian edition of Best practices guidelines for O&M document and are also closely working with SPE to ideate a program for promoting women participation and employment in solar energy in India through capacity building and training platforms,” further added Chairman Mehta.

About SolarPower Europe

SolarPower Europe’s aim is to ensure that more energy is generated by solar than any other energy source by 2030 and lead our members to make solar the core of a smart, sustainable and inclusive energy system.

About National Solar Energy Federation of India (NSEFI)

The National Solar Energy Federation of India (NSEFI) is an umbrella organization of all solar energy stakeholders of India. NSEFI works in the area of policy advocacy and is a national platform for addressing all issues connected with solar energy growth in India. It consists of leading international, national and regional companies and includes solar developers, manufacturers, EPC contractors, rooftop installers, system integrators, balance of plant suppliers and manufacturers, and small and medium enterprises, and works in a complimentary manner with the central and state governments to achieve India’s national solar target of 100 GW by 2022.

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NSEFI and IEX present joint workshop on green power markets for renewable generators.

NSEFI and IEX present joint workshop on green power markets for renewable generators. Entry only on invitation. Please send in your interest to admin@nsef.in with name, organization, designation if you are interested in participating

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RBI’s New Policy on ECBs Could Leave Renewable Energy Projects Stranded

The new framework makes the repayment of rupee loan to domestic lenders by renewable project developers through ECB proceeds impossible

The National Solar Energy Federation of India (NSEFI) has written a letter to the Prime Minister’s Office (PMO) regarding the new External Commercial Borrowings (ECB) policy framework implemented by the Reserve Bank of India (RBI), which is against the best interests of the domestic renewable industry according to the Federation.

The federation has argued that renewable energy generation projects require huge amounts of capital and long-term financing for 20-25 years. However, there is a lack of availability of domestic debt funds for renewable power projects. Foreign lenders are also hesitant to take risks before commercial operation, citing issues with land acquisition and laying of the transmission system.

Therefore, renewable power developers first take pre-construction and under-construction loans from domestic lenders at relatively higher interest rates and later refinance such high-cost rupee loans by low-cost foreign currency loans from foreign lenders through External Commercial Borrowings once the project is operational. Such a method is an accepted alternate funding practice for the renewable energy projects.

The RBI has allowed the external borrowing in the form of security bond/loan in U.S. dollar to replace the Indian rupees loan having a tenure of 10 years or more given by the domestic banks and financing institutions.

However, as per the notification issued by the RBI on January 16, 2019, in order to rationalize the framework for ECB and rupee denominated bonds to improve the ease of doing business – Tracks I and II have been merged as ‘Foreign Currency denominated ECB’ and Track III and rupee denominated bonds framework are combined as ‘Rupee Denominated ECB’.

In the revised Foreign Currency ECB framework, the existing end-use of repayment or refinancing of the rupee loan taken under Track-II of ECB has not been considered. This makes the repayment of rupee loan to domestic lenders by solar or wind project developers through ECB proceeds impossible.

NSEFI, in the letter, has requested the PMO to intervene in the matter and give the required directions to the RBI in this matter.

“RBI should carve out a special category such as earlier Track-II with ECB with a minimum average maturity period of 5 years and above within the new merged foreign currency ECB category and permit renewable project developers for repayment of their rupee loans to domestic lenders from ECB proceeds.”

It has also requested to rationalize the new ECB framework suitably excluding repayment of rupee loans from the negative list.

Recently, NSEFI also issued recommendations to help attain India’s solar targets.

Source : Mercomindia

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Rationalise new norms for external borrowing: NSEFI

‘Include repayment of rupee loans from ECB proceeds’

National Solar Energy Federation of India (NSEFI), a non-profit organisation with the objective of solar power development, has written to the Prime Minister’s Office requesting to direct the Reserve Bank of India (RBI) to rationalise the new ECB framework suitably, excluding repayment of rupee loans from the negative list.

NSEFI apprises you that till date, RBI allowed the external borrowing in the form of security bond/loan in U.S. dollars to replace the Indian rupee loans having tenure of 10 years or more given by domestic banks/financing institutions. As per this notification, erstwhile tracks I and II are merged as ‘foreign currency denominated ECB’ and track III and rupee denominated bonds framework are combined as ‘rupee denominated ECB’ to replace the current four-tiered structure.

“However, the existing permissible end use of repayment /refinancing of rupee loan availed under track-II of ECB has not been considered in the merged foreign currency ECB framework in any form,” NSEFI chairman Pranav Mehta wrote in the letter, adding that therefore, the repayment of rupee loan to domestic lenders by solar/wind project developers from ECB proceeds would not be possible.

NSEFI requests your good offices to intervene in the matter and provide suitable direction/advice to the Reserve Bank of India to carve out a special category like erstwhile track-II with ECB having minimum average maturity period of five years and above within the new merged foreign currency ECB category to permit solar/wind project developers for repayment of their rupee loans to domestic lenders from ECB proceeds,” Mr. Mehta added.

NSEFI once again requests you to rationalise the new ECB Framework suitably excluding Repayment of Rupee Loans from the negative list. Otherwise, such a new framework would jeopardise the large-scale development of wind and solar power projects in Indiaand would hamper in achieving ambitious target of deploying 160 GW by 2022, said the letter addressed to PMO, Finance Minister, Minsiter of Power, Finance Secy., RBI Governer, Minister Power, and MNRE, he wrote.

We look forward for early rationalisation of the ECB framework as requested to encourage the solar/wind project developers to meet the ambitious targets of the nation, said the letter.

NSEFI was founded in 2013 by solar energy industry leaders with a vision to promote solar energy.

Source : Thehindu

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MR. PRANAV R. MEHTA RECEIVES SOLARFUTURE.TODAY VISIONARY INFLUENCERS AWARD 2019

Abu Dhabi (January 16, 2019) – Mr. Pranav R. Mehta, Chairman of Global Solar Council (GSC) and Chairman of National Solar Energy Federation of India has been awarded the SOLAR FUTURE.TODAY Visionary Influencer Award 2019 in the category of Visionary Disruptor Award.

The award was presented to Mr. Mehta during the 3rd Black-Tie Gala Abu Dhabi on the occasion of the 3rd SOLAR FUTURE.TODAY World Annual Forum in Abu Dhabi on January 15.

Mr. Pranav R. Mehta receives the Visionary Influencers Award, picture by SOLARFUTURE. TODAY

Mr Mehta is a leading Global Solar Energy thought leader, known for his social and environmental concerns. He is the Chairman of Global Solar Council consisting of over 30 solar countries – which was launched during the Paris Climate talks COP21 in December 2015, as the private sector response to global warming and climate change. He is also the Founder Chairman of National Solar Energy Federation of India (NSEFI) and has made outstanding contributions in India ranking globally amongst the top 5 solar countries.

As a passionate Global Solar thought leader and environmentalist, he is regularly invited as Chair and Speaker at world solar events like World Future Energy Summit(WFES), SNEC at Shanghai, China, Inter Solar Europe at Munich and the Governments of leading Solar countries like China, Germany, Dubai Abu Dhabi, USA, Spain to Chair / Moderate Sessions and share his views in the area of policy advocacy, planning of Solar Growth, Capacity Building, various applications of Solar Energy and Sustainable Growth. He visited over 15 countries in the last 2 years spreading the message solar adaptation and has kept the Indian flag flying high in the solar world.

As a National Scholar throughout his academic career, Mr. Pranav Mehta has an overall industrial experience of over 45 years, mainly in the area of “Concept to Commissioning” of high technology projects in Steel, Petroleum, Natural Gas and Solar sector with an emphasis on Sustainable Development. He is a globally well-respected name in Solar and environmental sectors and is a firm believer in the slogan “Dream Come True” and continues to work for Sustainable Development with his characteristic perseverance and zeal.

“I am glad to receive this prestigious Solar Visionary Influencer Award on behalf of Global Solar Council and NSEFI Members. The political will of world leaders like Prime Minister Narendra Modi, as also the solar industry leaders and all stakeholders, have contributed to this Dreams Coming True with India finding a place amongst top 5 Solar countries in the world and double-digit growth not only in financial terms, but also in terms of employment generation and growth of entrepreneurship not only big players but also MSME sector”, said the suave and humble Pranav R Mehta on the occasion of receiving the Award.

Another SOLAR FUTURE.TODAY Visionary Influencer Award 2019 in the category of Yearly Lifetime Achievement was awarded to Prof. Eicke R. Weber, Vice President of the International Solar Energy Society (ISES), an Association Member of Global Solar Council (GSC), and former director of the Fraunhofer Institute for Solar Energy Systems.

Global Solar Council (GSC) congratulates both Mr. Mehta and Prof. Weber on this well-deserved recognition of their long career and dedication to solar energy.

Mr. Pranav Mehta and Prof. Eicke Weber at the award ceremony, picture by SOLARFUTURE.TODAY

adminMR. PRANAV R. MEHTA RECEIVES SOLARFUTURE.TODAY VISIONARY INFLUENCERS AWARD 2019
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Form renewable energy export body: Pranav Mehta, NSEFI

The industry body is now waiting for the commerce ministry’s go-ahead for the council

The National Solar Energy Federation of India (NSEFI) has proposed the creation of a Renewable Energy Export Promotion Council on the line of Gems and Jewellery Export Promotion Council (GJEPC) to encourage exports of renewable energy equipment and related services from India.

“In December, a proposal for Renewable Energy Export Promotion Council of India was submitted to the Union commerce ministry. There is vast untapped potential to export solar equipment and services from India. Not only solar, but this is also true also for other renewable energy segments such as wind, small hydro and waste to energy,” said Pranav Mehta, the founding chairman of NSEFI.

“While imports of solar equipment are still considerable, the domestic industry has already started exporting solar panels and services to Africa, UAE, and parts of the US. The exports, however, are at a very smaller scale,” he added.

The industry body is now waiting for the commerce ministry’s go-ahead for the council. “We expect the government’s approval to come in the next few months,” Mehta said.

 

Source: Energy EconomicTimes IndiaTimes

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Pranav R Mehta : Chairman of Global Solar Council

Today on 1st January 2019 our Chairman Shri Pranav R Mehta assumed the responsibility as the chairman of Global Solar Council. He will be chairing the Washington DC-based Global Solar Council in its first board meeting on 14th of January in Abu Dhabi. Join us in congratulating Shri Pranav Mehta on his assumption as Chair – GSC.

Click here to know more about the Global Solar Council

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NSEFI Issues Recommendations to Help Attain India’s Solar Targets India has set a target of 100 GW of solar PV by 2022

India has set a solar photovoltaic (PV) capacity addition target of 100 GW by 2022. According to Mercom’s India Solar Tracker, so far over 26 GW of solar PV capacity has been installed in India. Still, there is a deficit of over 73 GW of solar capacity to be installed in the next four years.

Now, the National Solar Energy Federation of India (NSEFI) has come up with a wish list to help attain India’s solar targets.

Wish list

  • Renewable purchase obligation (RPO) enforcement must be undertaken with further intensified effort.
  • Renewable energy certificate (REC) market and bankability should be strengthened.
  • Solar energy must be moved from ‘class’ to ‘mass’.
  • Every farm should be encouraged to set up and export solar energy to the grid through net metering. Farmers should be enabled to supply electricity to the grid.
  • Every taluka should go in for appropriate size solar project – thus ensuring decentralized solar power generation.
  • Large deployment of micro and mini grids must be undertaken.
  • Affordable low-cost solar finance should be made available.
  • High priority must be given to deployment of concentrated solar power (CSP) with new technologies.
  • Adaptation of new solar storage technologies must be prioritized.
  • There should be parity in taxes and duties.
  • Massive research effort and collaboration with world’s reputed laboratories should be undertaken to commercialize the already-achieved high efficiency (42% in NREL and other laboratories). If this is done, it will be a disruptive technology requiring half the land required presently.
  • Easy finance availability for residential rooftop, commercial and industrial establishments, especially MSMEs should be made available.
  • Support and encouragement should be provided for Indian manufacturing, including module manufacturing to become globally competitive.
  • Evacuation of renewable power should be state’s responsibility.
  • Ideally, there should be no open access charge for renewable energy. If this is not possible, then there should be uniform, low open access rates throughout the country for renewable energy.
  • Land should be made available on priority basis.
  • Solar should be accorded priority similar that of space and nuclear energy.
  • Renewable energy budget must be hiked. The budget should double every year. Even with this increase, it will be much smaller than fossil fuel subsidies.
  • E-mobility should be encouraged with utilization of solar energy.

In the wish list, the NSEFI has covered important bases in the renewable energy sector. If we combine mobility with renewable energy generation, it will be a great leap towards attaining our climate goals as a nation. It will help us attain our renewable energy targets, especially solar (100 GW) and curb emissions.

In the past too, NSEFI has come up with suggestions at times the industry has been uncertain. When safeguard duty was being levied, NSEFI had suggested that safeguard duty must not be levied on projects that have already been bid out as developers wouldn’t have accounted for a 25 percent duty which would increase projects costs by about 15 percent. Added costs will burden companies and impact their repayment of borrowings to lenders.

adminNSEFI Issues Recommendations to Help Attain India’s Solar Targets India has set a target of 100 GW of solar PV by 2022
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Nsefi CEO, Mr. Subhramanyam Pulipaka met with Director of IESA, Mr. Debi Prasad Dash

Today our CEO Mr. Subrahmanyam Pulipaka met with the director of India Energy Storage Alliance(IESA), Mr. Debi Prasad Dash to discuss about upcoming 6th International Conference & Exhibition on Energy Storage, EV & Microgrids in India. They have also discussed about possible collaborations between NSEFI and IESA for upcoming NSEFI activities.

 

adminNsefi CEO, Mr. Subhramanyam Pulipaka met with Director of IESA, Mr. Debi Prasad Dash
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NSEFI and Solar Quarter jointly organized a Solar Rooftop Event

NSEFI and Solar Quarter jointly organized a Solar Rooftop Event in Hotel Mount View, Chandigarh, On 16th November 2018,

This innovative conference received a great response from Solar Developers, EPC Players, senior Government officials (CREST, REIL, and HAREDA) and other Business communities.

Shri V.P. Singh Badnore, Hon’ble Governor Punjab & Administrator, UT, Chandigarh was the Chief Guest and started the event with an Inaugural address. He emphasized that Green Energy is the key element to climate change and also discussed Government of India plan to implement over 100,000 MW of solar capacity by 2022 out of which 30,000 MW already achieved.  He also discussed as the cost of solar energy implementation has decreased over the period, it has helped a country to achieve clean energy and also has become the cheapest source of electricity in the country. He also mentioned the contribution of CREST, PEDA in helping the growth of Solar Energy in Chandigarh and Punjab and also cited some good examples of solar energy implementation in UT and Punjab.

Punjab-solar-roof-event

Shri Debendra Dalai, IFS, Director-cum-CEO, CREST-UT shared his views regarding the potential that Chandigarh has in emerging as a leading Solar City. He also talked about the initiative of CREST in Rooftop Segment. He also discussed on the steps taken by Crest to achieve the targets to make Chandigarh Solar City. He also informed that under Smart City mission there are plans to promote green energy, clean environment, better lifestyle and also to ensure a healthy and secure environment to its citizens. Regular monitoring of Air, Soil, And water is also part of this green initiative which will give Chandigarh a climate change plan to make the city a low Carbon City

solar-roof-event-NSEFI

Balour Singh, Director, PEDA,   shared his views regarding Government of India plans to achieve the target to100GW total from renewable energy by 2030 with different states switching over to Green energy. He also added that in order to achieve Govt. of India Plans for Solar Energy targets, we have to save electricity then we can target to achieve the most sustainable and cheaper energy. He also emphasized that as Punjab doesn’t have much land to be covered for Solar Installation so more focus has been put on Roof Top Solar Segment and until now Punjab generates 1500MW from Renewable Energy and out of which 920MW is From Solar.

Shri A. K. Jain, MD, REIL highlighted the role played by a Mini – Navratna PSU (REIL) in the overall development of Solar Rooftop. REIL Electric mobility has to happen in the country by 2030 or 40-50% to be done by 2030.

Shri Shailendra Shukla, Chairman, HAREDA explained about the policies related to Institutional Initiatives of Haryana Solar Rooftop and Open Access. He also discussed that in Haryana 80% of the institutions are not getting the benefit of Subsidy.

Shri Deepak Gupta, Hon. Director General, NSEFI and Former MNRE Secretary, Govt. of India started with the welcome address and explained the policy initiative that government has taken to ensure the overall development and to provide ease of life for residents.

Pranav R Mehta, Chairman, NSEFI, and Chairman-Elect, Global Solar Council explained about the energy revolution and the energy translation to solar. It is a dream comes true for all of us that 27.4GW we have achieved presently, which is the matter of great pride of our country. He also agreed on the fact that solar energy is rocking and marching ahead globally despite the roadblocks.

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