Recent 4 GW Project Win Is Value Accretive
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 100GW Solar Capacity Addition Roadmap
100GW Solar Target
4
CAGR: 39%
38
100
2015
Mar'2020
2022E
Electricity Usage per Capita (MWh)
12.8
US: ~14x > India
China: ~5x > India
Azure PowerⓇ
~100 mn people without
direct power source
4.3
0.9
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
Tariff (US$/kWh)
4
3
3.5
3.6
(GW)
750GW of solar
potential in India
750
38
Solar Wind
Coal
Spot
electricity
price
Gas
Diesel
■Potential Installed Capacity (March-20)
Source: Central Electricity Authority (CEA), MNRE, World Bank, Reuters, Deloitte Industry Report; Solar and Wind tariffs are average for last 12 months
Exchange rate- INR75.39 to US$1 (New York buying rate of Dec 31, 2019)
17
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
Thermal
63%
Nuclear
2%
Other
Renewable
4%
O
Hydro
13%
Wind
10%
Solar
8%View entire presentation