EDF Renewables India: Comprehensive Company Profile

Background

EDF Renewables India is a prominent Independent Power Producer (IPP) specializing in the development, construction, and operation of renewable energy projects across India. As a subsidiary of the global EDF Group, EDF Renewables India leverages over a decade of experience in the Indian renewable energy sector. The company's mission is to deliver clean, reliable, and affordable carbon-free power, thereby contributing significantly to India's sustainability goals and energy transition.

Key Strategic Focus

EDF Renewables India's strategic objectives encompass:

Onshore Wind Energy: Developing and operating wind farms to harness India's substantial wind resources.

Solar Photovoltaic (PV) Projects: Through its joint venture, EDEN Renewables India, the company focuses on large-scale solar PV projects to augment the nation's solar capacity.

Energy Storage Solutions: Implementing storage technologies to enhance grid stability and integrate renewable energy sources effectively.

Emerging Renewable Technologies: Exploring and deploying innovative renewable energy solutions to stay at the forefront of the industry.

The company primarily targets the Indian market, aligning its projects with the country's ambitious renewable energy targets and decarbonization initiatives.

Financials and Funding

EDF Renewables India has secured substantial funding to support its expansive portfolio. Notably, in January 2021, EDEN Renewables India achieved financial close for a 450 MWp solar PV project in Rajasthan, securing a green limited recourse project term loan of USD 165 million from a consortium of international banks, including DBS Bank Ltd, Standard Chartered Bank, and Sumitomo Mitsui Banking Corporation. This funding underscores the confidence of global financial institutions in the company's projects and its role in India's renewable energy landscape.

Pipeline Development

EDF Renewables India boasts a diverse portfolio of renewable energy projects:

Rajpur Wind Project: A 30 MW wind farm in Gujarat, awarded through wind tender tranche III by Gujarat Urja Vikas Nigam Ltd. (GUVNL), currently under construction.

Kabini Wind Project: A 300 MW wind project located in the Kutch district of Gujarat, awarded through Tranche V of the ISTS connected wind power projects by the Solar Energy Corporation of India Limited (SECI), scheduled for commissioning in 2023.

Verdant Wind Project: A 105 MW wind farm in Jamnagar district, Gujarat, commissioned in 2019.

Sukavala Wind Project: A 64 MW wind project in Gujarat, completed in June 2017, with a Power Purchase Agreement (PPA) with GUVNL.

Amreli Wind Project: A 26 MW wind project in Gujarat, completed in April 2017, with a PPA with GUVNL.

Pipartoda Wind Project: A 26 MW wind project in Gujarat, completed in March 2017, with a PPA with GUVNL.

Additionally, EDEN Renewables India has been awarded three solar PV projects totaling 1,350 MWp in Rajasthan, with construction expected to commence in the first half of 2021 and commissioning planned for early 2022.

Technological Platform and Innovation

EDF Renewables India distinguishes itself through:

Proprietary Technologies: Utilizing advanced wind turbine generators and solar PV technologies to maximize energy output and efficiency.

Scientific Methodologies: Employing comprehensive wind resource assessments, site acquisition strategies, and infrastructural development to optimize project performance.

AI-Driven Capabilities: Integrating artificial intelligence and machine learning algorithms for predictive maintenance, performance monitoring, and grid integration, enhancing operational efficiency and reliability.

Leadership Team

The executive management team at EDF Renewables India is responsible for setting the strategic course and leading the company with a relentless goal to propel the organization's vision and strategy forward. Key members include:

Arne Lorenzen, CEO

Arne Lorenzen leads the company with a focus on developing projects that benefit the climate, environment, and economy, prioritizing safety and contributing to India's Net Zero targets.

Chatar Dev Singh, COO

With extensive experience in managing complex business projects from inception to commissioning and efficient operations, Chatar Dev Singh oversees the company's operational strategies.

Shagun Agarwal, Head of Business Strategy

Bringing over 12 years of experience in business strategy, cost optimization, and digitalization, Shagun Agarwal plays a pivotal role in shaping the company's strategic initiatives.

Jiew Jana, Head of Procurement & Contracts

With over 21 years of experience in procurement and contracts across various sectors, Jiew Jana manages the company's procurement strategies and contract negotiations.

Krishna Kumar, Head of HSE and Quality

Overseeing health, safety, environment, and quality standards, Krishna Kumar brings over 26 years of experience to ensure compliance and excellence in operations.

Guirec Servan, Head of Engineering

With a Master's degree in civil engineering and over 25 years of experience, Guirec Servan leads the engineering team in project design and execution.

Chandresh Ohri, Head of Finance

Managing corporate finance functions, Chandresh Ohri brings over 15 years of experience in financial management and corporate governance.

Soumi Benerji, General Counsel and Chief Compliance Officer

With over 10 years of diverse experience in the power industry, Soumi Benerji oversees legal and compliance matters for the company.

Kanwarjit Singh, Head of Operations

Bringing over 26 years of experience in business operations and asset management, Kanwarjit Singh manages the company's operational activities.

Competitor Profile

Market Insights and Dynamics

India's renewable energy sector is experiencing rapid growth, driven by government initiatives aiming to achieve 40% non-fossil fuel generation by 2030. The wind power segment, in particular, has seen significant expansion, with states like Gujarat and Tamil Nadu leading in installed capacity.

Competitor Analysis

Key competitors in the Indian renewable energy market include:

Welspun Energy: An independent power company involved in solar and wind energy projects across India. Notable projects include the 151 MW Neemuch solar project in Madhya Pradesh.

Inox Wind: A wind energy service provider offering turnkey solutions, including wind resource assessment, site acquisition, and maintenance services. The company manufactures wind turbine generators and has a significant presence in the Indian market.

Strategic Collaborations and Partnerships

EDF Renewables India has established significant partnerships to bolster its market position:

EDEN Renewables India: A joint venture with Total Eren, focusing on large-scale solar PV projects across India. The venture has secured multiple projects, including three solar PV projects totaling 1,350 MWp in Rajasthan.

SITAC Wind Management and Development: A partnership for developing wind energy projects, resulting in the commissioning of five wind farms in Gujarat with a total installed capacity of 164 MW.

Operational Insights

EDF Renewables India's strategic considerations include:

Market Position: Leveraging its global expertise and local partnerships to maintain a competitive edge in India's renewable energy sector.

Competitive Advantages: Utilizing advanced technologies, comprehensive project management capabilities, and a strong financial foundation to deliver high-quality renewable energy projects.