Investor Presentation
The Solar Advantage in India
Azure's solar plants have
high availability
Seasonal Energy
Curve
Summer
Monsoon
India-Demand
Peak
Low
Solar-Generation
Peak
Low
India's 450GW Renewable Energy
Capacity Addition Roadmap
CAGR: 32%
450
100
38
4
2015
Dec'2020
2022E
2030E
Electricity Usage per Capita (MWh)
13.1
US: 13x India
China: ~5x > India
4.9
1.0
USA
China
India
6
Other advantages
Significant need
for new
electricity supply
Strong
Government
Installed
Solar grew
5
and policy
support
-60%
annually
for past 5
yrs
Significant
amount of
solar
resource
2
Solar is the
cheapest
Significant
untapped
source of
potential
electricity
4
3
Tariff (US$/kWh)
750GW of solar
potential in India
750
Azure PowerⓇ
~100 mn people without
direct power source
Irradiation (kWh/m2)
5.1
4.8
4.7
4.2
3.8
India
Spain
US
Australia Italy
Solar is 8% of India's Installed Capacity
Hydro
13%
Thermal
63%
Nuclear
2%
Other
Renewable
4%
O
Wind
10%
Solar
8%
US Cents/kWh
2.8
3.5
Solar
Spot Wind
electricity
Coal
Gas
Diesel
price
(GW)
■Potential
38
■Installed Capacity (Dec-20)
Source: Central Electricity Authority (CEA), MNRE, World Bank, Statista Reuters, Deloitte Industry Report; Solar and Wind tariffs are L! of SECI auctions over last 12 months: Coal, Gas, Diesel tariffs are from Lazard LCOE Study Nov 2019
Exchange rate- INR73.01 to US$1 (New York buying rate of Dec 30, 2020)
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