Energetica India 89 - May 2020

EDITORIAL Dear Energetica India Readers, We welcome you to May edition of Ener- getica India. Foreign direct investments (FDI) in In- dia’s renewable sector has reached a number of stood at $1.27 billion for the first nine months of the financial year (FY) 2019-20. The sector received $1.45 billion ( ` 110.53 billion) in the entire FY 2018-19. It is worth nothing that recently the Ministry of Commerce and Industry revised its FDI policy intending to curb takeovers or acquisitions of Indian com- panies during the ongoing coronavirus pandemic. But on-the-ground the challenges do not seem to end. The renewable energy tar- get was a challenge, always, and now the challenges have further increased with coronavirus. The market faces sig- nificant delays as project developers cope with supply-chain disruptions and construction complexities. The indus- try may also suffer from reduced power demand and the deteriorating financial health of the distribution companies that purchase power from wind and solar pro- ducers. The pace and scale of renew- able energy growth in the country could be stifled by the outbreak of COVID-19, slowing India’s shift away from coal. Meanwhile, the International Energy Agency’s (IEA) latest report expects In- dia’s solar PV deployment to decrease by 23 per cent in 2020 as compared to 2019, with the largest drop anticipated in distributed PV installations. It, however, added that a rebound was expected in 2021 with capacity additions exceeding 2019 levels. Energetica India meets up with industry leaders to get more insights into the in- dustry trends: 1. Mr. Idrish khan, Chief Technology Offi cer, Ginlong (Solis) India 2. Mr. Naushad Saifi, Senior Director, Sales – India, JinkoSolar 3. Dr. Angela Wilkinson, Secretary Gen- eral & CEO, World Energy Council 4. Mani Khurana, Senior Energy Special- ist, World Bank Some interesting and informative articles in this section include: 1. Managing India’s Clean Energy Waste: A Roadmap for Solar and Stor- age Industry by Dr. Akanksha Tyagi, Research Analyst, Council on Energy, Environment and Water (CEEW) As distributed renewable energy sourc - es such as solar PV and energy storage penetrate deep into the Indian electric - ity sector, it is necessary to prepare for managing the waste generated from these technologies. 2. The Lessons of COVID-19 for the Indian Power Sector by Harsha Anand, Chief Evangelist, Enzen Group To bring the power sector back on track, utility leaders need to consider the long- term impact of the COVID-19 pandemic and introduce measures that increase resilience in power systems. 3. It Is Time to Reassess the Merits of Building New Coal Power Plants by Tim Buckley, Director of Energy Finance Studies, Australia/South Asia, IEEFA Stranded Asset Risks Continue to Rise as Solar Deflation Continues We hope you enjoy reading our work. Please feel free to write to us at journal - ist2@energetica-india.net with your feed- back. We are always open to speak to our readers and learn how we can support them in their business growth. 4 energetica INDIA- May_2020