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Emergent Ventures

Solar Profile
June, 2012

2012 Emergent Ventures. All rights reserved. Confidentiality: The concepts and methodologies contained here in are proprietary to Emergent Ventures. Duplication, reproduction or disclosure of information in this document without the expressed written permission of Emergent Ventures is prohibited.

About Us
EVI started its climate business in 2004 and since then EVI is providing consulting and implementation services to clients in carbon, sustainability and renewable energy domain.
Carbon
EVI has registered 50 + CDM projects to date with 170 + in the pipeline; Fastest time to registration; Experience spanning a range of technologies and processes

Consulting & Implementation

Sustainability
As sustainability experts, EVI works with international govt. agencies to frame relevant and actionable policies EVI also assists corporate to create sustainability strategy

Renewable
EVI is providing services to more than 500 MW of RE projects including solar, wind and biomass energy

IDFC Private Equity is an investor in EVI. IDFC PE is Indias largest private equity firm focused on infrastructure managing a corpus of over $1.3B
120+ employees with a presence in India, Sri Lanka, Singapore, Thailand, Indonesia, Malaysia , Spain, U.K and United States Our marquee clientele includes fortune 500 companies, Government bodies, UN bodies, and renowned NGOs
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EVI has been on a steady growth path since inception


2004
Aim to facilitate 500 MW RE capacity installation Launch of RE services in SEA Helping corporate create robust sustainability strategy Participation in regional carbon markets Launch of several carbon programs in developing countries Team size grown to 120+ More than 300 clients across the globe Handling consulting portfolio of more than 500 MW wind, 150 MW solar Biomass gasifier project in Srilanka operational More than 5 million/a trading of VERs/CERs Investment by IDFC PE; Subsidiary in Singapore, Thailand, Malaysia & US formed Launched the clean energy generation business Introduced sustainability services for govt. agencies and corporate 1st CDM project registered; Multiple projects in pipeline Team size doubled Achieved 9mn in VER transactions CDM registration of worlds largest Hydro project (192 MW) and Indias first wind & MSW project

2004

2005-07

2008-09

2010-11

2012-15

Started climate business in 2004; run by a strong team of seasoned professionals

And aims to be Be the recognized world-wide leader of integrated climate change mitigation solutions.

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EVI controls key levers of economic value of clean energy assets for clients

EVI validates and selects technology to yield better generation, higher efficiency Robust land acquisition process with stakeholder consultation

Structured to provide superior returns Better tariff with potential upside accessible Availability of RECs Full access to CERs Highly experienced team for resource assessment. High potential sites selected with high degree of confidence on resource

Site Acquisition

Technology Assessment

RFP Process Vendor Selection Contracting Tracking & Follow up

Procurement
Owners Engineer, EPC/ EPC M

Power sales

Implementa tion Services

Resource Assessment

Financing

Relationships, improved structures

Preliminary resource assessment, policy analysis, preliminary financial analysis

Feasibility Analysis

Improved Economic Value of Energy Assets for Clients

Carbon Value

Better case for carbon registration, better value for carbon stream.

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EVI Renewable Energy Expertise


Technical Expertise Cumulative Years of experience 128

Wind

Solar PV Thermal-Biomass & Gasification Clean Energy Electrical / Electronics / Instrument Mechanical

45

41

15

81

103

Civil

46

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Our Services

Consulting Services
Carbon Advisory Sustainability Advisory Solar & Wind Energy Advisory

Implementation Services
Solar Photovoltaic Project Wind Power Project

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Consulting Services
Our consulting services focus on most critical issues and opportunities in carbon, sustainability and renewable. We have strong functional expertise and are known to deliver high value solutions to our clients. We are a proven partner to deal with complexities in these emerging areas.
Sustainability Disclosure and Management Carbon Foot Printing Sustainability/GHG management plans Policy Research & Advisory Sustainability Risk Advisory Ozone Depletion Substances management National Mitigation and Adaptation actions

CDM / VCM Registration and Issuance Trading of Carbon Credits Carbon Asset Management and financing Renewable Energy Certificates

Carbon Advisory Consulting Services

Sustainability Advisory

RE Advisory

Strategic Advice on RE investments and or procurement Techno-commercial assessments, due diligence Resource Assessment Performance Diagnostic and Improvement Advisory on regulation, permitting etc Financial Arrangements (equity, debt); sale of assets Trading of RE power; buying anf seeling, contracting
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Implementation Services
Our Implementation services focus on creating high ROE renewable energy options for our clients. Using our end-end services model we create solutions that deliver superior value for renewable investments. We provide wind project advisory though our subsidiary WindForce Management Services Pvt. Ltd.

Solar Power Project


Owners Engineer (Project Execution) Integrated Development Services Site prospecting and acqisition Feasibility assessmenst Contracting Government permitting Financing Project execution PPA Managing benefits (CERs, RECs) Owners Engineer during O&M Laenders Engineer
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Implementation Services Wind Power Project

Owners Engineer Design, Feasibility Procurement engineering, Vendor Contracting Project Management Integrated Development Sevices (just like in wind) for REC based solar projects PPA based Roof Top Solar for industries Off Grid solar EPC services. Lenders Engineer

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Vinod Kala Founder & Managing Director

He holds a bachelors degree in mechanical engineering, and an MBA from the Indian Institute of Management, Ahmedabad. Before he founded EVI, Vinod spent two decade as a business consultant, handling cross-border mergers and acquisitions, large-scale financial re-engineering, and the launching of new products and ventures.

Ashutosh Pandey President

Ashutosh is a chemical engineer from HBTI, Kanpur and holds a master's degree from the Indian Institute of Management, Calcutta. Under his leadership, EVI has grown from its first assignment to a presence in more than 10 countries across four continents today. He is an expert on the carbon markets and sustainability related issues.

Jami Hossain Founder &Chief Mentor , WinDForce

He implemented the first ever wind farm project in India; more than 25 years of experience in Wind and other renewable sources and he is former secretary of India Wind Energy Association; Active participant in World Wind Energy Association (WWEA), International Renewable Energy Agency (IRENA) and he ia a Treasurer of WWEA (World Wind Energy Association) and Chairman - World Wind Energy Technology Platform.

Sanjay Dube Vice President Sustainability Advisory

He holds a masters degree in Land and Water Management Engineering and has studied 'Energy Planning and The Environment' from the University of Oslo, Norway.

Sanjay has over 22 years of experience. He has led projects with agencies such as the GEF, UNDP, US EPA, German government, ADB and World Bank. He continues to assist the Bureau of Energy Efficiency, India on appliance standards and building energy efficiency programs.
Atul is a Mechanical Engineer and also has a Masters degree in Energy and Environment from the Indian Institute of Technology, Delhi. He is a certified energy auditor from BEE, Bureau of Energy Efficiency. With more than 10 years of industry experience, Atul is a well known expert on methodology and PDD development.

Atul Sanghal Vice President Carbon Advisory

Siddhartha Vice President Solar PV

He is an Electronics Engineer and is a member of Engineers Ireland (MIEI). In his over 18 years of diverse experience in Solar Photovoltaic (PV) Energy field, Siddhartha has handled grid connected PV projects in Europe, industrial off-grid PV projects in Middle East and rural electrification PV projects and Solar PV Cell & Module Manufacturing in India.

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Our Solar PV Services

EVIs Solar Services & Offering


Feasibility Analysis Resource Assessment Technology Assessment Site Acquisition / Permitting Power Sale / PPA

Financial Services

Procurement Services

Detailed Design

Implementati on Support / QA
Rooftop and Small Scale Solar Projects Feasibility Analysis Resource Assessment Technology identification Engineering, Procurement and Construction (EPC) Realization of subsidy benefits/RECs Consultancy Services Feasibility DPR preparation Financial modeling Commissioning and testing or plant performance third party assessment Assistance for participating in various Govt. driven scheme

Development Services Feasibility Resource Assessment Technology identification DPR preparation Site Acquisition / Permitting Power Sale / PPA Financial Services

Owners Engineer Services Basic design Selection of EPC contractor Implementation Support Review all design Review vendor selection Construction supervision Quality assurance

EPC Management Services Basic and detailed design Selection of project components Procurement Services Erection and Installation Commissioning and testing

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Types of Solar PV Application


Grid connected rooftop solar PV plant

Grid connected utility scale PV plant

Grid connected rooftop solar PV plant with battery bank

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Key drivers for developing rooftop solar PV plant (non FiT)

Stable power cost

Solar with minimum O&M cost will deliver power stable cost and predictable manner
No fuel cost Once developed will deliver energy for 25 years (Guaranteed) Very well fits into the scheme of sustainability and reduction of CO2 emissions Brand building initiative as Green Company 80% AD linked income tax benefits available to investors (Income tax rules) Reduce Rs. 2.5 3.0 crore tax liability per MW solar investment MNRE provides capital subsidy (CFA) for implementing off-grid solar projects The capacity under the subsidy scheme is limited to 100 kWp/site for Non- Commercial, Industrial/Commercial entities.

Sustainability

Accelerated depreciation (AD) Capital subsidy (off-grid)

CFA is 30% limited for general areas and 90% for Special category states/North-East States

Renewable Energy Certificates (RECs)

Benefit from Indias REC scheme RECs will be purchase by Obligated Entities (DISCOMs, Open Access Consumer & Thermal Captive Power Plant) having mandate to utilize min % of RE power including solar. Solar REC price (as notified by Central Electricity Regulatory Commission, CERC)

Apr, 2012 Mar, 2018: Floor Rs. 9.3/unit & Cap Rs. 13.4/unit

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Typical schematic diagram of rooftop battery based Solar PV System

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EVI will handhold the client to setup the small scale rooftop solar project from concept to commissioning (EPC)
Solar resource assessment Feasibility assessment study through conducting techno-commercial

Site survey and preparation of Detail Project Report (DPR)


Carry out necessary structural work for setting up the project Procurement of solar panels, inverters and balance of system (BoS) Installation PV system, inverters, transformers, switch gears and other appliance for synchronization of PV project to

interconnection points. Commissioning of the plant

O&M of the project


Perform necessary role to assist client to avail MNRE subsidy or register and sell RECs

Solar Projects being Serviced by EVI


Site Acq, Government permitting MW PPA

Feasibility Analysis

Financial Services

Technology Assessment

Equipment Procurement / Contracting

Resource Assessment

Client Code

OE / EPCM

Location

A1 C1 E1 C2 S1

5 1 26 10 1

Gujarat Rajasthan Gujarat / Rajasthan Gujarat Rajasthan

To be commissioned by June 2012 Commissioned in March 2012


Assignment completed Assignment completed Commissioned in March 2012

S2
S3

15
25

Gujarat
Gujarat Portfolio across India

Assignment completed Assignment completed Feasibility Analysis completed for >10 companies. Contracting in progress In progress EVIs own on-ground solar radiation measurement station has been working for the past 6 months

M1

50

R1

Across India

Rajasthan

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Status

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Solar Case Studies: Case Study 1

International Media House (A1)


5 MW Solar PV Project under the Gujarat State Programme Providing Financial, Procurement and Owners Engineer Services to the Client

Context: o International Media House with assets in Mauritius and Nepal received an allotment of 5 MW under Gujarat State Programme; No background in Solar or Power o Appointed EVI for Financial, Procurement and OE Services Services Provided: o Carried out Basic Engineering and froze technical specifications; prepared RFP documentation; o RFP process completed successfully; Turn-key EPC Contract signed within 1 month of award of mandate o Debt of INR 45.8 Cr raised through a consortium of banks within two months o All detailed drawings approved by EVI before execution; Ensured that all codes and specifications were followed o Full time project in-charge deployed on site by EVI to review progress and quality

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Solar Case Studies: Case Study 2

Indian Corporate (C1)


1 MW Solar PV Project in Rajasthan under RPSSGP* Providing Development, Financial, Procurement and Owners Engineer Services to the Client

Context: oThe Client has a business in installation of telecom towers, and wanted to diversify into solar; however did not wish to start at a very large scale oAppointed EVI for development of a small scale solar plant under the National Solar Mission Services Provided: oAssisted Client in obtaining 1 MW allocation under the RPSSGP oLease agreement for selected site signed with Rajasthan Government oAssisted the Client in raising Quasi-Equity for Project execution oRFP process completed successfully; Turn-key EPC Contract with supplier finance signed o Debt application complete financial close with a leading Indian Bank in progress oProject expected to complete by January 2012

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Solar Case Studies: Case Study 3


International Beverage Company (I1) 1.4 MW Rooftop Solar PV Project under REC mechanism in Maharashtra Assisting Client to set up the project

Context: o The Client is a leading beverage company; wished to set up a pilot plant in India o Appointed EVI as partner for conducting detailed feasibility assessment Services Provided: o Assisting the Client in developing a MW scale rooftop solar project in one of its manufacturing plants. o Site assessment and technology identification o Basic engineering, detail engineering, preparation of BoQ, preparation and floating of RfQ

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Why EVI?

EVIs mission is to bring global finance and technology together to accelerate climate change mitigation and Sustainable development

People with strong domain expertise and a passion for environment, making sustainability viable

High quality delivery Processes which assure consistency and quality, and bring innovation rapidly to markets.

Integrated offerings with strong value proposition to investors, users , policy makers, local as well as global

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Our Global Presence & Projects

United Kingdom Europe USA Pakistan India Nepal Bhutan Thailand Srilanka Singapore Malaysia Indonesia
Corporate Office
Emergent Ventures 5th Floor, Universal Trade Tower Gurgaon- Sohna Road, Sector 49 Haryana, India , 122001

Mexico Nigeria

Egypt

Projects
ODS Management

NAMA
VERs/ CDM Projects Registration, monitoring, Verification and offset management Footprint, Life Cycle Assessment Forestry & REDD+ Sustainability Reporting VERs sales, U.S.A Biomass based gasifier implementation in Srilanka Technology Needs Assessment project under the UNFCCC framework in Bhutan

VERs/ CDM Projects Registration, monitoring, Verification and offset management MSW Solar Biomass Hydro Waste Water Treatment Wind

VERs sales, U.S.A

India

Waste to Energy Wind Hydro Biomass

Solar Biomass Hydro Wind

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Emergent Ventures India Pvt. Ltd. 5th Floor, Universal Trade Tower, Sec-49, Gurgaon, India Ph: +91 124 6653100 Fax: +91 124 6653200 contact@emergent-ventures.com www.emergent-ventures.com

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