Solar in India have its own importance. It's the best opportunity for investors and this presentation explores it. If you need any further info please feel free to contact me. Viraj
6. I) ELECTRICITY ACT 2003 : Most transformational & dynamic act till date
includes laid guidelines for Renewable energy.
SECTION 61(h): While specifying terms and condition for tariff
determination the commission shall consider the promotion of generation
from renewable energy sources.
SECTION 86(1) (e): State commission shall promote generation of
Electricity from renewable energy sources. It shall be done by providing grid
connectivity & sale of Electricity to anyone.
II) NATIONAL ELECTRICITY POLICY 2005 :
SECTION 6.4 : This section states that in present stage non conventional
and conventional energy cannot compete at same similar tariff and hence
power shall be procured from non-conventional sources at preferential tariff
as determined by appropriate commission.
7. Amendment of National tariff policy for Solar specific RPO’s.
Solar specific RPO’s – 025 % in 2013 to 3 % by 2022.
REC mechanism .
Encourage state specific solar policies.
State wise RPO orders by Regulators.
Exemption for Environmental clearance for Solar Power Projects.
8. Launched by Govt. of India in January 2011.
One of the major initiative at global level in promotion of
Solar energy technologies.
Mission aims to achieve grid tariff parity by 2022.
Large scale utilization, rapid diffusion and deployment at a
scale which leads to cost reduction.
R&D pilot projects and Technology Demonstration.
9. Average tariff for selected projects was 1216 paisa/kWh
which was 32% lower than CERC approved benchmark tariff
1791 paisa/kWh.
In a Batch I a total of 204 MW capacity grid connected solar
power projects have been commissioned.
10. Maharashtra has reasonably high solar insolation 4-5 kWh/sq. meter
with 280-300 clear sunny days.
Eastern Maharashtra considered to be most suitable region for solar
power projects
OBJECTIVE
To generate 1000 MW of Solar energy by 2016.
To achieve grid parity by 2016 .
Promotion of R&D and facilitation of technology transfer.
Promotion of local manufacturing facilities.
12. Subsidy under each project will be distributed into three installments by
state government
13. Project developer should not procure any incentives/
subsidy from central government.
PPA’s should be singed with MAHADISCOM.
Capacity Utilization Factor of Solar PV should be more than
19% for initial two years of installation.
An audited detailed report and energy generation report
should be submitted to MEDA.
14. Capital Cost: Normative Capital cost INR 700 Lakhs/MW for 2014-
15 as per MERC.
Annual Energy Yield: There are number of factors(e.g. Air
pollution, Shading, Soiling, Ambient temperature, Downtime etc.)
Which affect annual yield of Solar PV.
For 1 MWp Plant annual yield would averaged around 1.4 million
kWh units. Yield prediction are assumed for next 25 years.
Certified Emission Reductions: As India is non Annex 1 party
under UN Clean Development Mechanism (CDM) qualifying solar
projects could generate Certified Emission Reductions(CERs)
15. Energy Price :
Solar PV Plant under REC mechanism can earn its revenue from
selling grey.
In the financial model it is assumed that grey component of
energy sold to State discom at MSEDCL.
Operation and Maintenance cost: One of the major benefit of Solar
PV plant is less O & M cost as compared to other renewable energy
technologies.
Financing Assumptions: General financial assumptions for a
project in India as follows
Financial Structure: Equity 30 % and debt 70 % as assumed in
MERC tariff order.
Debt repayment is taken over as 10 years. Interest rate on term
loan and work capital is taken as 12.87% and 13.37% respectively.
16.
17.
18. Great opportunity, favorable Government Policies and assured returns on
Solar PV project installations make this attractive proposal for Green
entrepreneurship.
We as a consultant and promoter of Solar technology have tailored Solar
PV business solutions.
Please feel free to contact:
Mr. V. Bhosale 8390123426