Transcript INVESTMENT OPPORTUNITIES IN SOLAR SECTOR IN INDIA

Nexus Energytech Pvt. Ltd.
Arvind Karandikar
9011061710
[email protected]
Individuals
Govt. Orgs.
• Up to 25 kWp
• Demonstrative
• Captive
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Up to 2004
Up to 50 kWp
Energy usage
Captive
Demonstrative
Up to 2011
Industries /
Commercial
• Up to 1000 kWp
• Grid Interactive
• Revenue
proposition
Present
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High capital costs
Negligible awareness about PV
Did not make economic sense
Basic aim of proof of concept
Recurrent replacement costs
Availability of subsidy
Smaller project sizes; hence low capital
Limited decision makers – the owner of system
Nil / Low emphasis on optimum output
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Large number of stakeholders; and so, decision makers
High investments – necessity of convincing financing
institutes
Low quality work can mar the project profitability
Low knowledge levels – entry of all types of operators
Makes economic sense
Revenue guaranteed for many years (in most cases)
Can avoid battery; thereby reducing recurrent costs
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PV systems
without
storage
Roof top
installations –
high potential
all over India
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ROOFTOP GRID INTERACTIVE SYSTEMS
Captive system without storage
• Uses generated energy
within the internal grid
(off-grid)
• Saves on energy usage
from the utility
• No extra benefits other
than accelerated
depreciation
• Makes sense in increasing
industrial tariff scenario
Grid export system
• Exports generated energy
fully to the utility grid
• Limited only by roof area
availability, not by own
demand
• Enjoys accelerated
depreciation as well as
Feed-In-Tariff /
preferential tariff
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ROOFTOP GRID INTERACTIVE SYSTEMS
Captive cum grid export system
Net metered system
• Only extra energy
exported to the utility
grid
• Saves on energy usage
from utility
• No preferential tariff for
export or no tariff at all
• Prime objective is to
support internal grid
• Extra energy exported to
the utility grid
• Only net metered energy
accounted commercially
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One city – 5 MW
4 MW on government
buildings; 1 MW on private
Tariff based bidding to
identify developer
Investment by developer
and incentive to roof owners
Private utility as power
purchaser at the tariff
Gandhinagar Rooftop project
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Three cities – 5 MW
Only government buildings
Bidding based on tariff and
capital cost
Tariff capped at MP state
rate of ground mounted
30% Capital subsidy by
MNRE
No incentive / rent to roof
owners
State utility as purchaser
Madhya Pradesh Rooftop
project
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5 MW in two cities
Government buildings
Net metering
Cap on capacity of all systems in one DTR
Cap also due to maximum monthly energy requirement
of each metered customer
Capacity
assessment
Building
project
specifications
Order by
OERC
Bidding
procedure
Execute
project
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May 13
September 13
February 14
March 14
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Phase I
Phase II
Phase III
Phase IV – RFS
◦ Part A – 40 MW – Owner / Capex model – Cap cost based
bidding with 30% subsidy – Cap on Capex Rs. 90 / Wp – 40
cities in 21 states
◦ Part B – 10 MW – RESCO model – Tariff based bidding with
fixed subsidy – Cap on tariff Rs. 6.75 - 14 cities in 6 states
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Phase I
SECI Rooftop Project Tender Results
Allotted Phase III
Capacity
(kWp)
Bangalore
Chennai
Delhi
Gurgaon
Phase II
Bhubaneshwar /
Cuttack
Gurgaon
Hyderabad
Jaipur
Noida / Greater
Noida
Raipur / Naya Raipur
2000
2000
1000
500
Allotted
Capacity
(kWp)
Palatana
Chennai
Coimbatore
Chandigadh
Delhi
Gwalior
1000
2000
1000
500
1000
250
1500
2000
3250
1500
Kolkata
Mumbai
Pune
1000
1000
1000
2000
Total
1000
25,500
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Factories like Larson & Toubro, Mercedez Benz, Nalco
and so on
Developers like Sukam, Tata Power Solar, etc.
Karnataka, Tamil Nadu, Andhra Pradesh, Kerala have
announced rooftop programs
DMRC rooftop project on metro station
Various municipal corporations across India have
initiated projects
Various banks on rural branches
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Tax sops for individual roof owners?
Roof identification as an independent business
Regulations being framed for net metering – FOR,
DERC, TNERC, other SERCs
Railways thinking on large rooftop PV plants
Warehousing Corporation
Food Corporation of India
Rooftop solar power tool being developed by TERI
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Increasing Focus on (grid interactive) Rooftop PV
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A Definite future of solar in India
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Attracting public participation
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Just the beginning – policy, regulatory, utility and public
awareness, financial backing, technology at component
level
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Net metering and reduced cost of solar power –most
influential factors deciding future of rooftop in India
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Arvind Karandikar
Nexus Energytech Pvt. Ltd.
Cell: 90110 61710
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