Fulare Solar Ltd

105 kWp Solar PV Case study for

Fun Fiesta
Nalasopara, Maharashtra
Why Invest in 2

solar?
Life cycle cost of electricity is below Rs 4/unit

40% accelerated depreciation available for FY 17

Equity of the Solar plant is completely funded by the tax savings

Revenue generated from the plant is 3.8 times greater than the EMI for the debt

Reduce Diesel Consumption

Maharashtra Government has a very attractive solar policy

Aligned towards the government initiative to reduce carbon emissions

Helping India become energy independent and reduces our loss of foreign exchange
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Aerial Survey of Fun Fiesta Multiplex, Maharashtra

Solar Rooftop
Potential : 105 kWp
Business case for capital
4

investment for 105 kWp

Variable rate of electricity including fuel charges and electricity duty = Rs 14.8/Unit
Project cost = Rs. 58.80 Lakh
Equity: Debt = 25%: 75% = Rs 14.7 Lakh : Rs 44.1 Lakh
Tax savings in 3 years due to 40% accelerated depreciation = Rs 15.95 Lakh > 14.7 Lakh
Equity
Avg Monthly Electricity Generation = 13,150 Units = Rs 1.94 Lakh > EMI of Rs
50,810
Annual Electricity Generation after losses = Rs. 23.35 Lakh in Savings/Yr
Equity IRR > 107 % (9.3% interest with 12 year term loan)
Project IRR =32 %
Life of solar plant is 25 years under warranty
Simple ROI for solar plant with 100% equity investment is less than 2 years
Energy independence for 23 years
Risk and Mitigation
5

strategies
Technology: Best in class
25 year performance warranty on panels from Manufacturer
10 year manufacturing warranty on panels
5 year warranty on balance of system
5 year Generation guarantee from New India Electricals
Some spares at site to reduce any downtime
Insurance for life of project
Force Majeure
Theft and riots
 6

Supporting Calculations for rooftop

project
 7

Est. Annual Horizontal radiation (NASA Data) = 1839 kWh/m^2

Solar PV Parameters
3 % Estimation Error considered for all simulation data

Performance Ratio: 81 %

Specific Produce: 1550 kWh/kWp/year

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Predicted generation based on Meteonorm Data

 9

Solar PV Panel Layout for Fun Fiesta

Multiplex
Rooftop Projects completed by
New India Electricals
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Thank
You !
We look forward to your Valuable Business
Email: sales@fulare.in Call us on +91 9545055555