INSIGHTS

Investors' sentiment in the DRE sector

  • Before 2016
  • 2017

Key Highlights

Capital deployed in the DRE segments

Policy Developments

2014-2015

  • Off-grid and Decentralized Solar Applications Scheme under JNNSM
  • Target of 10,000 Solar pump; enhanced to 30,000 Solar pumps through NABARD (revised)

2015-2016

  • Revised target to >100,000 Solar pump

2016-2017

  • NABARD credit-linked capital-subsidy scheme (closure)
  • Odisha Renewable energy Policy
  • Bihar Industrial Investment Promotion Policy
  • UP Solar Pump Yojana
  • Solar Water Pumping Scheme, Haryana

2017-2018

  • Goods and Services Tax (GST)
  • Mukhyamantri Solar Pump Yojana Madhya Pradesh
  • Policy for Promomtion of New and Renewable energy sources
  • Mukhyamantri Agricultural Solar Feeder Yojana Maharashtra
  • Solar Pump Scheme Tamil Nadu

2018-19

  • KUSUM Scheme
  • Saur Sichayi Yojana, Himachal Pradesh
Source: Investor Interviews; DRE firms annual reports; cKinetics analysis

Policy Developments

2014-2015

  • DDUGJY launch
  • 24x7 Power for All
  • Off-grid and Decentralized Solar Applications Scheme under JNNSM

2015-2016

  • UDAY

2016-2017

  • Priority Sector Lending
  • Targeted Public Distribution System-Kerosene (Amendment DBT)
  • NABARD credit-linked capital subsidy scheme (Closure)
  • MNRE Lighting Scheme

2017-2018

  • GST (Goods and Services Tax)
  • Saubhagya (Sahaj Bijli Har Ghar Yojana)
  • UP Solar Energy Policy
Source: Investor Interviews; DRE firms annual reports; cKinetics analysis

Policy Developments

2014-2015

  • 24x7 Power for All
  • Off-grid and Decentralized Solar Applications Scheme under JNNSM

2016-2017

  • 70 Lakh Solar Lamp Study Scheme
  • Targeted Public Distribution System (PDS)-Kerosene (Amendment DBT)
  • MNRE Lighting Scheme

2017-2018

  • GST (Goods and Services Tax)
  • Uttar Pradesh Solar Energy Policy

2018-19

  • Off-grid and decentralised solar PV applications-Phase III
Source: Investor Interviews; DRE firms annual reports; cKinetics analysis

Policy Developments

2014-2015

  • DDUGJY Launch
  • 24*7 Power for All
  • Cont. Off-grid and decentralised solar PV applications Scheme

2015-2016

  • UDAY
  • National Tariff Policy
  • UP Mini-Grid Policy and Regulations

2016-2017

  • National Mini-grid Policy (Draft)
  • MNRE Lighting Scheme
  • Odisha RE Policy

2017-2018

  • National MG Policy (Draft)
  • MP, J&K MG Regulation
  • Odisha RE Policy
  • Kerosene Subsidy DBT (Amendment)
Source: Investor Interviews; DRE firms annual reports; cKinetics analysis

Key Policy/Scheme/Updates

Kisan Urja Suraksha evam Utthaan Mahabhiyan (KUSUM) scheme
Subsidy:

Total subsidy provision of 60% i.e. 30% subsidy by central and state government each

Target:

a) 1.75 mn solar agricultural pumps, b) solarisation of one million grid-connected farm pumps and c) 10,000 MW of Decentralized Ground Mounted Grid Connected renewable power plants

Timeline:

2022

Achievements:

-

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