Ritu S Jain

Presentation Outline

Sun Power the ultimate source Energy for sustainable Development PV Scenario World-wide PV Industry Forecast Worlds Largest PV Power Plants Specific Drivers for PV Power Projects in India Policy Initiatives from GoI Solar Radiation Levels in India Rationales for SPV power plants in Chhattissgarh Grid Connected Solar How it works Glimpses of few large sola power plant installed world wide Economics of 1 MW SPV power plant Bankers Attraction

Harnessing power from sun the ultimate source of energy

The Sun occupies centre stage, as it should, being literally the original source of all energy. We will pool all our scientific, technical and managerial talents, with financial resources, to develop solar energy as a source of abundant energy to power our economy and to transform the lives of our people. Our success in this endeavor will change the face of India.

Indias Prime Minister, Dr. Manmohan Singh, releasing the National Action Plan on Climate Change in 2008

Energy for sustainable development

India has been witnessing the phase of tremendous

growth and transformation with an economic growth rate of +8% World Energy Outlook 2007 estimates that the world's energy needs would be well over 50% higher in 2030 than today China and India together account for 45% of the increase in global primary energy demand in this scenario

PV Scenario World-wide
Annual installed (new) PV generation capacity worldwide

has been growing at an average annual rate of 35% since 1998 surpassing 6.5 GWp of cumulative capacity in 2006. In 2007 alone 2.6 GWp of new solar PV generation capacity was added, worldwide Currently the solar power is contributing only 0.2% of the world energy consumption with 1.2 GW of generation capacity. This is poised to grow to 1.1% by 2010 and 20% by the year 2040. It is anticipated that by the year 2040 solar will be the major source of energy.

PV Industry Forecast

The conservative forecast estimates a growth of 127% ; whereas the accelerated forecast expects a growth of 315%
Source : Navigant Consulting, Landon

Worlds Largest SPV Power Plants

Worlds largest photovoltaic (PV) power plants[1] DC Threshol Peak GWh d Name Country Description Power /year Capacity (MW) GWh Parque Solar Hoya de Spain 23 41 201.48 Los Vincentes CUF

20%

Solar park Calveron

Planta Solar La Magascona Beneixama photovoltaic power plant

Spain
Spain

21
20 Tenesol, Aleo and Solon solar modules with QCells cells Asia's largest photovoltaic plant. Consists of 108, 864 units of Conergy STM 180F solar modules.

40

183.96
175.2

22%
0%

Spain

20

30

175.2

17%

SinAn photovoltaic power plant

South Korea

18

27

157.68

17%

Worlds Largest SPV Power Plants . Contn.

Nellis Solar Power Plant Planta Solar de Salamanca Lobosillo Solar Park Erlasee Solar Park Serpa solar power plant Pocking Solar Park USA Spain Spain Germany Portugal Germany Spain Spain Germany Colorado, USA 14 13.8 12.7 12 11 10 9.5 8.7 8.4 8.22 Completed December 20, 2007 70,000 solar panels 70,000 Kyocera panels Chaori an YingLi modules 1,408 Solon mover 52,000 solar modules 57,912 solar modules 30 122.64 120.888 111.252 14 20 11.5 14 11 8.4 17 105.12 96.36 87.6 83.22 76.212 73.584 72.0072 13% 21% 13% 17% 14% 11% 24% 24%

Monte Alto photovoltaic power plant Viana Solar Park

Gottelborn Solar Park Alamosa photovoltaic power plant

Specific drivers for PV in India

Rising primary energy and electricity needs and the

persistent energy deficit situation, Countrys overdependence on coal for electricity generation and on oil and gas imports (amounting to 7% of its GDP). Countrys commitment to combat climate change issues Abundant availability of solar irradiation, with most parts of the country enjoying 300 sunny days a year, at free of cost National and state level policy incentives

Policy Initiatives by GoI

Generation Based Incentives
Firm PPA for 25 Years CERC has fixed the tariff at Rs.17.91/kWh

Single Entity Responsible for purchasing power from the solar power plant developers NVVN
Payments to be backed by revolving Letter of

Credit Letter of comfort from Bank/FI -Pre-requisite for entering into PPA

Solar Radiation Level

Rationales for Chhattisgarh

Average Global Radiation on Horizontal Surface 5.2

to 5.4 kWh/m2 Average Annual Global Solar Radiation - 1884 kWh/m2 at Raipur (CG) 22 years average temperature 25.60C Expected Generation considering a conversion efficiency of 15.5%
Optimistic Average Pessimistic -

1.772 GWh/MWp 1.670 GWh/MWp 1.50 GWh/MWp

Grid Connected Solar How it works

22 MW SPV Power Plant Korea

PV Power Plant Waldpolenz, Germany (40 MW)

Economics of a 1 MW SPV Power Plant

S No. 1 2 3 4 5 6 7 8 9 10 Description Installed Capacity Project Cost Debt Equity Ratio Cost of Debt Repayment Term Solar Irradiance Module Efficiency PV & Inverter Losses Expected Generation Land Parameter 1 MW 10 Crs 4:1 11.75% 15 years in 180 equated installments after a moratorium of one year 1882 kWh/sqmt 15.5% 26.9% 16.67 GWh 2 Hectares

Economics of a 5 MW SPV Power Plant

S No. 1 2 3 Description Project IRR DSCR Equity IRR Parameter 15.23% 1.40 25%

Bankers Attraction
Determined Cash Flow for next twenty

five years +/-10% Payment Guarantee Unique Financing Features comparable with housing loan Single Point Monitoring

SRs Credentials
SR started its business activities in 2003 in India
SRs Mission is to serve the global community to the best of its ability in the fields of Renewable Energy, Energy Efficiency, Climate Change, Management, Finance and Quality Assurance Sector SRs Vision is to excel in the segments wherein it has its footprints.

SR has facilitated projects in RE sector worth Rs 1000 Crs +

SR excels in RE sector with proven track record Core business is to conceptualize, develop, manage renewable energy projects especially in solar, biomass, bio-fuel and green gas Competency backed by experienced and highly qualified workforce Headquarters based at Raipur, India Working with esteemed organizations like MoP, MNRE, World Bank, UNICEF, UNDP, ADB, KVIC, GTZ, NTPC, PFC, KVIC, SNAs viz. CREDA, CBDA, MPUVN, OREDA, BEDA, WBREDA etc.