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Energética India | September / October 2015

tya Birla Group to provide clean energy to Indian businesses, communities and consumers.” Mustafa Abdel-Wadood, Partner and Global Head of Abraaj’s Regional Funds Business, added, “The renewable energy sector in India offers vast potential for growth and can play a transformative role in reducing dependency on fossil fuels and enhancing India’s long-term energy security. We are delighted to partner in this rapidly growing sector with one of India’s leading entrepreneurial groups and, together, bring our capital and expertise to bear in creating a landmark investment that can address the demands for clean energy infrastructure in the country.” Dev Bhattacharya, Business Head, Group Corporate Strategy, Solar Power & E-Commerce, Aditya Birla Group, added, “Aditya Birla Group supports the Government of India’s initiative for a greater share of renewables in the energy mix, essential for sustained economic and industrial growth. This cooperation will give a fillip to Aditya Birla Group’s renewable energy initiatives and contribute to reducing the carbon footprint of India as a whole.” SOLAR POWER Mustafa Abdel-Wadood, Partner and Global Head of Abraaj’s Regional Funds Business, added, “The renewable energy sector in India offers vast potential for growth and can play a transformative role in reducing dependency on fossil fuels and enhancing India’s long-term energy security. We are delighted to partner in this rapidly growing sector with one of India’s leading entrepreneurial groups and, together, bring our capital and expertise to bear in creating a landmark investment that can address the demands for clean energy infrastructure in the country.” Dev Bhattacharya, Business Head, Group Corporate Strategy, Solar Power & E-Commerce, Aditya Birla Group, added, “Aditya Birla Group supports the Government of India’s initiative for a greater share of renewables in the energy mix, essential for sustained economic and industrial growth. This cooperation will give a fillip to Aditya Birla Group’s renewable energy initiatives and contribute to reducing the carbon footprint of India as a whole.” Aditya Birla Group was advised in the transaction by Greenstone Energy Advisors. The transaction will close once customary closing conditions and requisite approvals are obtained the direct and indirect subsidies of Thermal Power plants as well as solar and then compare LCOE. Also, Negative and positive externalities of both energy types have to be factored in. Solar has limitations on dispatch ability and coal is detrimental to environment. The direction is to have a judicious blend of solar and conventional energy which gives the best commercial and sustainable source of energy. ENERGETICA INDIA: From utility based projects to rooftop to REC mechanism, the Indian solar industry has seen many concepts; some have worked and some not so much. What can drive the next growth of solar industry in India? MR. RAVI KHANNA: The biggest advantage of solar energy is its distributed nature. It can be generated at point of use. Since the CUF/PLF of solar plants is low and also the plant efficiencies are in the range of 14-15%, it does not make sense to transmit energy over long distances. Well distributed small plants of 1-10 MW capacity do not destabilize the grid either because of their infirm nature. As the penetration of solar power increases and its percentage becomes significant in overall energy mix, this fact will be realized and the market segment which exploits this attribute of solar will gain prominence 31 energetica INDIA · SEP | OCT15


Energética India | September / October 2015
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