India is amongst the top five energy consumers in the world
35% of world energy need is supplied by crude oil, 25% by coal and 21% by gas.
Most of the reserve is concentrated in the Middle-
World Primary Energy Sector has been growing at an average of 2% annually.
India is the 5th largest energy consumer.
India has vast potential in the Exploration Sector.
54% Coal, 32% Oil, 9% Natural Gas.
Indian Primary Energy Sector has been growing at an average of 5% annually.
The solar module costs (for crystalline solar cells) have dropped by about 90% between the early 1980s and 2010.
Thin film cell costs are expected to rapidly come down.
For a solar PV power plant, the capital cost per MW is approximately Rs. 17 crores.
The project internal rate of return is about 12% while the equity IRR is about 14% under the Generation Based Incentive Scheme, and the project internal rate of return is about 15% while the equity IRR is about 20% under the NVVN Incentive Scheme.
The payback period under the Generation Based Incentive Scheme is about 7.4 years, while it is 6.1 years under the NVVN Incentive Scheme.
Solar module costs comprise about 60% of the total capex.
A change in solar module efficiency by 1% (say, from 16% to 17%) equates to an increase in the energy yield of a cell by 6% or for the whole system by a respectable 4.5% .
Prominent domestic banks that fund renewable projects are IDBI, ICICI, IFCI, SBI, and PNB among others.