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標題＊ India to achieve 76% of renewable energy target by 2022:
1
Title Wood Mackenzie
國家區域＊ India
2
Country
說明：此為後臺分類選項，請勾選商情之資訊類別：
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資訊類別＊ please kindly select the closest classification of the
3 Info article provided.
Category □綠色認證資訊/Green Products Certification.
□綠色技術新知/Latest Green Technology.
□企業綠色資訊/Info of Green Enterprises.
商品類別＊ □能源與再生能源 Energy / Renewable Energy
4
Industry
新聞日期＊ 15/10/2018
5
Date
6 商情內容＊ NEW DELHI: India may achieve about 76 per cent of the
Content target of having 175 gigawatts of renewable power
generation capacity by the scheduled date of 2022 as it
faces myriad challenges, Wood Mackenzie said Monday.
India is targetting 100 GW of solar capacity and 75 GW of
wind power by 2022. "Even with significant cost declines,
Wood Mackenzie expects about 76 per cent of the target to
be met by 2022 and this would still be a noteworthy
achievement," the world's leading research and
consultancy firm said in a report. Wood Mackenzie's solar
analyst Rishab Shrestha said India faces a myriad of
challenges in the renewables industry. "The recent
cancellation of auctions risks jeopardising investor
confidence. Various duties on equipment and the
associated uncertainty has led to a short-term uptick in
solar prices. This leads to the knock-on effect on
already cash-strapped state distribution companies who
are showing an unwillingness to green light high priced
solar projects," he said. Nonetheless, the government's
commitment and support towards renewables remain strong.
The government has been swift and adaptable at responding
to various industry hurdles and are helping reduce
project risks. As a result, renewable prices continue to
remain competitive. Wood Mackenzie said combined wind and
solar capacity have almost doubled from 2014 levels to 61
GW this year. "Driving this growth is the significant
cost decline that auctions continue to deliver," Shrestha
said. "In the next five years, capital costs are expected
to decline by 23 per cent for wind and 31 per cent for
solar. This trend will only continue as new generation
technologies replace old ones." Wood Mackenzie expected
non-hydro renewables to make up 13 for per cent of power
generation mix by 2023. Improving grid flexibility
through storage and flexible power generation will be
extremely crucial in achieving high levels of renewable
penetration, it said, adding that economic
competitiveness, technological maturity, and financially
healthy off-takers will provide a solid base for
renewable capacity growth to cater to electricity demand
growth. "Over the longer-term horizon of 2040, India is
forecasted to increase its renewable capacity by around
seven times to 384 GW. This share will be driven by
diverse sub-segments which include offshore wind, hybrid
projects, floating solar and distributed solar. The 384
GW of non-hydro renewables will ultimately contribute 20
per cent of generation share by 2040," Shrestha said.
Wood Mackenzie, however, said coal remains principal
energy driver in near term. Its coal principal analyst
Pralabh Bhargava said: "We have increased India's imports
for thermal coal from 158 million tonnes to 164 million
tonnes in 2018 with a further upside risk of 3-4 million
tonnes as coal stocks at Indian power plants and Coal
India Ltd are at historically low levels". India's spot
market prices, for both coal and power, are expected to
remain strong in the coming months as continuous
industrial production growth is pushing demand, while
supply remains tight. "Growth in domestic coal production
and dispatches can only partially meet the growing demand
for coal, which is resulting in increased reliance on
imports. With a decade-low stockpile at Coal India's
mines and more than half of the plants with a
supercritical level of less than seven days' stock, the
reliance on imported coal for several power plants will
increase the flow of imports into India," Bhargava said.
Until recently, the demand for imported thermal coal was
driven by non-utilities, where a lack of domestic supply
and the need for high-energy coal kept the segment active
in the seaborne market. With the power sector
increasingly relying on imports, Wood Mackenzie expected
the rally in Indian imports to continue till early next
year. It said industrial production in India has grown at
an average of more than 7 per cent this year, leading to
an increase in power generation by 6 per cent over
January to August 2018. Cement production was up 16 per
cent and steel production 4 per cent for the same period.
"Policies to improve the power sector have started to
have an impact. At the end of the financial year in March
2018, the performance of several states in reducing
technical and commercial losses as well as increasing
tariffs was improving. The government is looking to de-
stress some power-generating units, which may result in
improvements in load factors at several plants in the
short-to-medium term," it said. India's rupee
depreciating against US dollar from an average of 63.65
to a US Dollar in January 2018 to 73.56 in the first week
of October has increased the costs of imports and only
the lack of domestic coal availability is forcing
companies to import.
 https://economictimes.indiatimes.com/industry/energy/power/india-
資料來源＊
7 to-achieve-76-of-renewable-energy-target-by-2022-wood-
Resources
mackenzie/articleshow/66214859.cms

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