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Overview of KfW’s Solar Activities

Andreas ThermannDeputy Director KfW Office New DelhiCoordinator - Energy Sector

New Delhi, 7th of May 2013

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KfW Bankengruppe at a glance

We promote development

Promotion of developing and

transition countries

International business

We promote Germany

Promotion construction

of new housing and modernisation

as well as education

Promotion SMEs, business founders,

start-ups

Financing municipal infrastructure projects and global loans

Domestic business

We ensure internationalisation

International project and

export finance

Promotion of Climate and Enviornmental Protection

Business Area Mittelstandsbank

Business Area Privatkundenbank

Business Area Kommunalbank

Business AreaExport and Project

Finance

Business Area Promotion of

Developing and Transition Countries

Overview of FC Commitments in India (2007-2012)

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0.0

100.0

200.0

300.0

400.0

500.0

600.0

700.0

800.0

2007 2008 2009 2010 2011 2012

Co

mm

itm

en

ts (

in M

io.

EU

R)

Energy Env Eco dev Others

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KfW‘s Energy portfolio in India compared to other countries

Ongoing Energy Portfolio in India

Portfolio Mix

Renewables

Energy Efficiency

31 %

Mode of Financing

Direct Funding

Credit Lines

52 %48 %

5

69 %

Project example: 150 MW Sakri Solar PV Plant

6

69 %

› Borrower: Government of India - Executing Agency: MAHAGENCO

› Loan EUR 250 Million (Reduced Interest Loan) - Grant for Technical Assistance EUR 0.7 Million

› Date of loan signing: 10 August 2011

› Currently 125 MW are already producing power

› Estimated electricity generation: 216 GWh p.a. - Estimated CO2 Reduction 186,000 tons p.a.

No. Project NameSize and

technology

Year of Commissioni

ng

Amount refinanced

by KfW (Mio. INR)

1M/s MAHAGENCO - Maharashtra

2 MW crytalline / 2 MW thin film PV

Feb 2012 394

2M/s Premier Solar Systems Pvt. Ltd- Jharkhand

1 MW thin film PV / 1 MW Crystalline Modules

Mar 2012 181

3M/s Photon Energy Systems Ltd. - Andhra Pradesh

1 MW crystalline PV Mar 2012 85

4M/s PCS Premier Energy Pvt. Ltd. - Jharkhand

2 MW thin film PV Feb 2012 182

5APCA Power Pvt. Ltd. - Gujarat

5 MW thin film Dec 2012 195

6AEW Infratech Pvt. Ltd. Gujarat

1MW thin film PV Jan 2012 99

7Saimeg Infrastructure Pvt. Ltd. - Jharkhand

2 MW Crystalline Project

Jun 2012 145

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Solar Projects refinanced under KfW Credit Lines - I

No. Project NameSize and

technology

Year of Commissionin

g

Amount refinanced by KfW (Mio. INR)

8M/s Amrit Jal Ventures Ltd.- Andhra Pradesh

1 MW PV Jul 2011 124

9M/s Swisspark Vanijya

Pvt. Ltd.- Rajasthan5 MW PV Oct 2011 478

10M/s Raajratna Energy

Holdings Pvt. Ltd.- Orissa

1 MW PV Jun 2011 113

11M/s Moser Baer Energy and Development Ltd.-

Gujarat15 MW PV Jan 2012 281

12M/s Ganeshwani

Merchandise5 MW Solar PV May 2012 396

Total 2673

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Solar Projects refinanced under KfW Credit Lines - II

Solar Projects in India

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69 %

› KfW has currently invested 290 million Euros (2,000 crore Rupees) in 13 solar projects.

› KfW is refinancing loans of IREDA and REC for 12 projects.

› KfW’s largest investment in the solar sector is the 150 MW Sakri project implemented by MAHAGENCO in the state of Maharashtra.

› For the future we are:

› looking for financing our first CSP project in India;

› planning to finance additional large PV projects of public utilities;

› looking at options to finance solar parks and rooftop system of private households, industry and public companies;

› preparing a research project with NTPC-NETRA for CSP and CPV technologies.

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KfW – Green Energy Corridors

› Joint Declaration on Indo-German Development Cooperation Regarding the Establishment of Green Energy Corridors signed in Berlin on April 11th, 2013.

› Basis for the strategic cooperation between Germany and India to foster the grid integration of renewable energies in India.

› Technical Assistance shall be offered via GiZ e.g. for forecasting and market design.

› Financial Contribution via KfW shall be 1 billion Euros over the next years.

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Thank you for your attention

Contact Information:Andreas Thermann KfW Office New Delhi 21, Jor Bagh New Delhi 110003 IndiaT.: +91 11 24 64 71 13 E.: Andreas.Thermann@kfw.de W.: www.kfw.de